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Chemical and Materials Basalt Fiber Market

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?


  1. Introduction
  2. Market Definition
  3. Study Scope
  4. Study Period
  5. Market Stakeholders
  6. Research Methodology
  7. Secondary Research
  8. Primary Research
  9. Research Design
  10. Data Validation
  11. Limitations and Assumptions
  12. Market Dynamics
  13. Drivers
  14. Increase in Demand for Noncorrosive Materials
  15. Enhanced Physical, Mechanical, and Chemical Properties
  16. Environmentally Friendly and Easily Recyclable Material
  17. Challenges
  18. Competition With Matured Products
  19. Complex Manufacturing Process and High Cost Compared to E-Glass Fibers
  20. Difficulty in Promotion of Basalt Fiber
  21. Opportunities
  22. Increase in Demand for Basalt Fiber in Europe and APAC
  23. Growing Adoption of Environmentally Friendly and Recyclable Material
  24. Executive Summary
  25. Basalt Fiber Market, By Usage Type
  26. Basalt Fiber in Composites
  27. Construction and infrastructure
  28. Automotive and transportation
  29. Electrical and electronics
  30. Wind energy
  31. Marine
  32. others
  33. Basalt Fiber in Non-Composites
  34. Construction and infrastructure
  35. Others
  36. Basalt Fiber Market, By Form
  37. Continuous Basalt Fiber
  38. Discrete Basalt Fiber
  39. Basalt Fiber Market, By End-Use Industry
  40. Construction & Infrastructure
  41. Automotive & Transportation
  42. Electrical & Electronics
  43. Home appliances
  44. Devices
  45. Wind Energy
  46. Onshore
  47. Offshore
  48. Marine
  49. Boats and ships
  50. Marine construction
  51. Others
  52. Basalt Fiber Market, By Region
  53. North America
  54. US
  55. Canada
  56. Europe
  57. Germany
  58. UK
  59. Belgium
  60. Ukraine
  61. Russia
  62. Ireland
  63. Asia Pacific
  64. China
  65. Japan
  66. Singapore
  67. Latin America
  68. Brazil
  69. Mexico
  70. Middle East &Africa
  71. South Africa
  72. Saudi Arabia
  73. UAE
  74. Company Profiles
  75. Kamenny VEK
  76. Zhejiang GBF Basalt Fiber Co.
  77. Technobasalt-Invest LLC
  78. Russian Basalt
  79. ISOMATEX S.A.
  80. INCOTELOGY GmbH
  81. Sudaglass Basalt Fiber Technology
  82. Shanxi Basalt Fiber Technology Co. TD
  83. Mudanjiang Jinshi Basalt Fiber Co. LtdBerry Global
  84. Other Companies
  85. Basalt Technology UK Limited
  86. Sichuan Aerospace Tuoxin Basalt Industrial Co., Ltd
  87. Tec GmbH
  88. Sichuan Fiberglass Group Co., Ltd.


*Company introduction, financial information, recent developments, SWOT analysis



  1. Conclusion and Recommendations
  2. Appendix
  3. About
  4. Related Reports
  5. Glossary



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