Global Basalt Fiber Market 2024-2028

The basalt fiber market is forecasted to grow by USD 290.57 mn during 2023-2028, accelerating at a CAGR of 13.13% during the forecast period. The report on the basalt fiber market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increase in renewable energy projects, the rising use of sustainable and eco-friendly materials, and the lightweight and high-strength properties of basalt fiber.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	12.55%
CAGR	13.13%
Incremental Value	$290.57mn

Technavio's basalt fiber market is segmented as below:

By Application

Composites
Non-composites

By End-user

Construction and infrastructure
Automotive and transportation
Wind energy
Others

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the increasing demand for sustainable building and construction materials as one of the prime reasons driving the basalt fiber market growth during the next few years. Also, the growing adoption of basalt fiber in the automotive industry and innovation in basalt fiber manufacturing will lead to sizable demand in the market.

The report on the basalt fiber market covers the following areas:

Basalt fiber market sizing
Basalt fiber market forecast
Basalt fiber market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading basalt fiber market vendors that include Basalt Engineering LLC, Basalt Fiber and Composite Materials Technology Development Co. Ltd., Basalt Fiber Tech, BasTech Inc., CF Composites, Chongqing Hesheng Longgang Technology Co. Ltd., Deutsche Basalt Faser GmbH, Fiberbas construction and building technologies, Final Advanced Materials Sarl, Galen LLC, HG GBF Basalt Fiber Co. Ltd., Jiangsu TianLong Continuous Basalt Fiber High tech Co. Ltd., Kamenny Vek, Lavaintel, MAFIC, Sichuan Jumeisheng New Material Technology Co. Ltd., Sudaglass Fiber Technology Inc., SWICOFIL AG, Technobasalt Invest LLC, and Kodiak Fiberglass Rebar. Also, the basalt fiber market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR74563

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global basalt fiber market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global basalt fiber market 2018 - 2022 ($ million)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Composites - Market size and forecast 2023-2028
Exhibit 34: Chart on Composites - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Composites - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Composites - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Composites - Year-over-year growth 2023-2028 (%)
6.4 Non-composites - Market size and forecast 2023-2028
Exhibit 38: Chart on Non-composites - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Non-composites - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Non-composites - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Non-composites - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ million)
Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 Construction and infrastructure - Market size and forecast 2023-2028
Exhibit 48: Chart on Construction and infrastructure - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Data Table on Construction and infrastructure - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Chart on Construction and infrastructure - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Construction and infrastructure - Year-over-year growth 2023-2028 (%)
7.4 Automotive and transportation - Market size and forecast 2023-2028
Exhibit 52: Chart on Automotive and transportation - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Automotive and transportation - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Automotive and transportation - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Automotive and transportation - Year-over-year growth 2023-2028 (%)
7.5 Wind energy - Market size and forecast 2023-2028
Exhibit 56: Chart on Wind energy - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Wind energy - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Wind energy - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Wind energy - Year-over-year growth 2023-2028 (%)
7.6 Others - Market size and forecast 2023-2028
Exhibit 60: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 61: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 62: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by End-user
Exhibit 64: Market opportunity by End-user ($ million)
Exhibit 65: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Japan - Market size and forecast 2023-2028
Exhibit 99: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 Italy - Market size and forecast 2023-2028
Exhibit 107: Chart on Italy - Market size and forecast 2023-2028 ($ million)
Exhibit 108: Data Table on Italy - Market size and forecast 2023-2028 ($ million)
Exhibit 109: Chart on Italy - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Italy - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ million)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 Basalt Engineering LLC
Exhibit 119: Basalt Engineering LLC - Overview
Exhibit 120: Basalt Engineering LLC - Product / Service
Exhibit 121: Basalt Engineering LLC - Key offerings
12.4 Basalt Fiber and Composite Materials Technology Development Co. Ltd.
Exhibit 122: Basalt Fiber and Composite Materials Technology Development Co. Ltd. - Overview
Exhibit 123: Basalt Fiber and Composite Materials Technology Development Co. Ltd. - Product / Service
Exhibit 124: Basalt Fiber and Composite Materials Technology Development Co. Ltd. - Key offerings
12.5 Basalt Fiber Tech
Exhibit 125: Basalt Fiber Tech - Overview
Exhibit 126: Basalt Fiber Tech - Product / Service
Exhibit 127: Basalt Fiber Tech - Key offerings
12.6 Deutsche Basalt Faser GmbH
Exhibit 128: Deutsche Basalt Faser GmbH - Overview
Exhibit 129: Deutsche Basalt Faser GmbH - Product / Service
Exhibit 130: Deutsche Basalt Faser GmbH - Key offerings
12.7 Fiberbas construction and building technologies
Exhibit 131: Fiberbas construction and building technologies - Overview
Exhibit 132: Fiberbas construction and building technologies - Product / Service
Exhibit 133: Fiberbas construction and building technologies - Key offerings
12.8 Final Advanced Materials Sarl
Exhibit 134: Final Advanced Materials Sarl - Overview
Exhibit 135: Final Advanced Materials Sarl - Product / Service
Exhibit 136: Final Advanced Materials Sarl - Key offerings
12.9 HG GBF Basalt Fiber Co. Ltd.
Exhibit 137: HG GBF Basalt Fiber Co. Ltd. - Overview
Exhibit 138: HG GBF Basalt Fiber Co. Ltd. - Product / Service
Exhibit 139: HG GBF Basalt Fiber Co. Ltd. - Key offerings
12.10 Jiangsu TianLong Continuous Basalt Fiber High tech Co. Ltd.
Exhibit 140: Jiangsu TianLong Continuous Basalt Fiber High tech Co. Ltd. - Overview
Exhibit 141: Jiangsu TianLong Continuous Basalt Fiber High tech Co. Ltd. - Product / Service
Exhibit 142: Jiangsu TianLong Continuous Basalt Fiber High tech Co. Ltd. - Key offerings
12.11 Kamenny Vek
Exhibit 143: Kamenny Vek - Overview
Exhibit 144: Kamenny Vek - Product / Service
Exhibit 145: Kamenny Vek - Key offerings
12.12 Kodiak Fiberglass Rebar
Exhibit 146: Kodiak Fiberglass Rebar - Overview
Exhibit 147: Kodiak Fiberglass Rebar - Product / Service
Exhibit 148: Kodiak Fiberglass Rebar - Key offerings
12.13 Lavaintel
Exhibit 149: Lavaintel - Overview
Exhibit 150: Lavaintel - Product / Service
Exhibit 151: Lavaintel - Key offerings
12.14 MAFIC
Exhibit 152: MAFIC - Overview
Exhibit 153: MAFIC - Product / Service
Exhibit 154: MAFIC - Key offerings
12.15 Sichuan Jumeisheng New Material Technology Co. Ltd.
Exhibit 155: Sichuan Jumeisheng New Material Technology Co. Ltd. - Overview
Exhibit 156: Sichuan Jumeisheng New Material Technology Co. Ltd. - Product / Service
Exhibit 157: Sichuan Jumeisheng New Material Technology Co. Ltd. - Key offerings
12.16 SWICOFIL AG
Exhibit 158: SWICOFIL AG - Overview
Exhibit 159: SWICOFIL AG - Product / Service
Exhibit 160: SWICOFIL AG - Key offerings
12.17 Technobasalt Invest LLC
Exhibit 161: Technobasalt Invest LLC - Overview
Exhibit 162: Technobasalt Invest LLC - Product / Service
Exhibit 163: Technobasalt Invest LLC - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 164: Inclusions checklist
Exhibit 165: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 166: Currency conversion rates for US$
13.4 Research methodology
Exhibit 167: Research methodology
Exhibit 168: Validation techniques employed for market sizing
Exhibit 169: Information sources
13.5 List of abbreviations
Exhibit 170: List of abbreviations