The Basalt Fiber Market is projected to grow at a CAGR 10.09% rate between 2021 and 2026. The growing demand from construction & infrastructure, automotive & transportation, and electrical & electronics end-use industries is anticipated to fuel the growth of the Basalt Fiber market.
Increased application in the construction & infrastructure industry due to its high strength and non-corrosive properties is expected to lead the market for construction & infrastructure end-use segment during the forecast period. Also basalt fiber's good compatibility with concrete, and easy mixing at high concentration has increased its usage in construction applications.
Continuous form basalt fibers account for a major share in the basalt fiber market. Growing demand from the construction & infrastructure sector is expected to be witnessed during the forecast period due to its characteristics, such as superior efficiency, higher tensile strength, and excellent mechanical properties, eco-friendly, which makes it suitable for various applications, such as reinforcing nets, pipes, containers, electrical insulation and others.
The market in APAC is expected to be driven by the increasing consumption of basalt fiber in various industries such as wind energy, construction & infrastructure, electrical & electronics, and automotive. Development of new technologies by Chinese manufacturers with greater focus on manufacturing low-cost continuous basalt fiber is the major factor for the growth within the market. Other growing industries are transportation and electrical & electronics sectors within the region.
Key players in the Basalt Fiber Market Kamenny Vek (Russia), Zhejiang GBF Basalt Fiber Co. (China), Mafic SA (Ireland), Technobasalt-Invest LLC (Ukraine), Russian Basalt (Russia), ISOMATEX SA (Belgium), INCOTELOGY GmbH (Germany), Sudaglass Basalt Fiber Technology (US), Shanxi Basalt Fiber Technology Co., Ltd (China), Mudanjiang Basalt Fiber Co. (China).
Key Questions Addressed by the Report
- Which are the major end-use industries of basalt fiber?
- Which industry is the major consumer of basalt fiber?
- Which region is the largest and fastest-growing market of basalt fiber?
- What is the major form of basalt fiber used?
- What are the major strategies adopted by leading market players?
- Introduction
- Market Definition
- Study Scope
- Study Period
- Market Stakeholders
- Research Methodology
- Secondary Research
- Primary Research
- Research Design
- Data Validation
- Limitations and Assumptions
- Market Dynamics
- Drivers
- Increase in Demand for Noncorrosive Materials
- Enhanced Physical, Mechanical, and Chemical Properties
- Environmentally Friendly and Easily Recyclable Material
- Challenges
- Competition With Matured Products
- Complex Manufacturing Process and High Cost Compared to E-Glass Fibers
- Difficulty in Promotion of Basalt Fiber
- Opportunities
- Increase in Demand for Basalt Fiber in Europe and APAC
- Growing Adoption of Environmentally Friendly and Recyclable Material
- Executive Summary
- Basalt Fiber Market, By Usage Type
- Basalt Fiber in Composites
- Construction and infrastructure
- Automotive and transportation
- Electrical and electronics
- Wind energy
- Marine
- others
- Basalt Fiber in Non-Composites
- Construction and infrastructure
- Others
- Basalt Fiber Market, By Form
- Continuous Basalt Fiber
- Discrete Basalt Fiber
- Basalt Fiber Market, By End-Use Industry
- Construction & Infrastructure
- Automotive & Transportation
- Electrical & Electronics
- Home appliances
- Devices
- Wind Energy
- Onshore
- Offshore
- Marine
- Boats and ships
- Marine construction
- Others
- Basalt Fiber Market, By Region
- North America
- US
- Canada
- Europe
- Germany
- UK
- Belgium
- Ukraine
- Russia
- Ireland
- Asia Pacific
- China
- Japan
- Singapore
- Latin America
- Brazil
- Mexico
- Middle East &Africa
- South Africa
- Saudi Arabia
- UAE
- Company Profiles
- Kamenny VEK
- Zhejiang GBF Basalt Fiber Co.
- Technobasalt-Invest LLC
- Russian Basalt
- ISOMATEX S.A.
- INCOTELOGY GmbH
- Sudaglass Basalt Fiber Technology
- Shanxi Basalt Fiber Technology Co. TD
- Mudanjiang Jinshi Basalt Fiber Co. LtdBerry Global
- Other Companies
- Basalt Technology UK Limited
- Sichuan Aerospace Tuoxin Basalt Industrial Co., Ltd
- Tec GmbH
- Sichuan Fiberglass Group Co., Ltd.
*Company introduction, financial information, recent developments, SWOT analysis
- Conclusion and Recommendations
- Appendix
- About
- Related Reports
- Glossary
