PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1635086
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1635086
Basalt Fiber Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2030)
The global basalt fiber market is projected to grow from an estimated $331.7 million in 2024 to $658.8 million by 2030, reflecting a compound annual growth rate (CAGR) of 12.0% during the forecast period. This growth is driven by the increasing adoption of basalt fiber as an eco-friendly alternative to traditional materials like glass and carbon fibers. Basalt fiber's superior mechanical properties, including high tensile strength and resistance to chemicals and heat, make it suitable for various applications across industries such as construction, automotive, aerospace, and wind energy.
Key Insights
Basalt fibers are available in various forms, including fabrics, rovings, chopped strands, and mesh & grids. Rovings are continuous strands of basalt fiber and are widely used in composite applications due to their high strength and ease of handling. Chopped strands are short lengths of fiber used to reinforce concrete and plastics, enhancing their mechanical properties.
The market is segmented into continuous and discrete forms of basalt fiber. Continuous basalt fibers are extensively used in the production of textiles and composite materials, while discrete fibers find applications in construction for reinforcing concrete and asphalt.
The construction and infrastructure sector is the largest end-user of basalt fiber, utilizing it for concrete reinforcement, road construction, and building materials due to its durability and resistance to environmental factors. The automotive and transportation industry also significantly employs basalt fiber for manufacturing lightweight and high-strength components, contributing to vehicle weight reduction and improved fuel efficiency.
Asia-Pacific holds the largest market share, driven by rapid industrialization, urbanization, and infrastructure development in countries like China and India. The region's growing automotive and construction industries further propel the demand for basalt fiber. North America and Europe are also substantial markets, with increasing emphasis on sustainable and high-performance materials in various industries.
Ongoing research and development efforts are focused on enhancing the production processes of basalt fiber to improve quality and reduce costs. Innovations in composite manufacturing techniques are expanding the application scope of basalt fiber in advanced engineering sectors.
Despite its advantages, the higher production costs of basalt fiber compared to traditional materials pose a challenge to market growth. Additionally, limited awareness and availability of basalt fiber products in certain regions may hinder adoption.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by product
- 1.4.2. Market size breakdown, by form
- 1.4.3. Market size breakdown, by end user
- 1.4.4. Market size breakdown, by usage
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Product (2019-2030)
- 6.3. Market Revenue, by Form (2019-2030)
- 6.4. Market Revenue, by End Use (2019-2030)
- 6.5. Market Revenue, by Usage (2019-2030)
- 6.6. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Product (2019-2030)
- 7.3. Market Revenue, by Form (2019-2030)
- 7.4. Market Revenue, by End Use (2019-2030)
- 7.5. Market Revenue, by Usage (2019-2030)
- 7.6. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Product (2019-2030)
- 8.3. Market Revenue, by Form (2019-2030)
- 8.4. Market Revenue, by End Use (2019-2030)
- 8.5. Market Revenue, by Usage (2019-2030)
- 8.6. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Product (2019-2030)
- 9.3. Market Revenue, by Form (2019-2030)
- 9.4. Market Revenue, by End Use (2019-2030)
- 9.5. Market Revenue, by Usage (2019-2030)
- 9.6. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Product (2019-2030)
- 10.3. Market Revenue, by Form (2019-2030)
- 10.4. Market Revenue, by End Use (2019-2030)
- 10.5. Market Revenue, by Usage (2019-2030)
- 10.6. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Product (2019-2030)
- 11.3. Market Revenue, by Form (2019-2030)
- 11.4. Market Revenue, by End Use (2019-2030)
- 11.5. Market Revenue, by Usage (2019-2030)
- 11.6. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Product (2019-2030)
- 12.3. Market Revenue, by Form (2019-2030)
- 12.4. Market Revenue, by End Use (2019-2030)
- 12.5. Market Revenue, by Usage (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Product (2019-2030)
- 13.3. Market Revenue, by Form (2019-2030)
- 13.4. Market Revenue, by End Use (2019-2030)
- 13.5. Market Revenue, by Usage (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Product (2019-2030)
- 14.3. Market Revenue, by Form (2019-2030)
- 14.4. Market Revenue, by End Use (2019-2030)
- 14.5. Market Revenue, by Usage (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Product (2019-2030)
- 15.3. Market Revenue, by Form (2019-2030)
- 15.4. Market Revenue, by End Use (2019-2030)
- 15.5. Market Revenue, by Usage (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Product (2019-2030)
- 16.3. Market Revenue, by Form (2019-2030)
- 16.4. Market Revenue, by End Use (2019-2030)
- 16.5. Market Revenue, by Usage (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Product (2019-2030)
- 17.3. Market Revenue, by Form (2019-2030)
- 17.4. Market Revenue, by End Use (2019-2030)
- 17.5. Market Revenue, by Usage (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Product (2019-2030)
- 18.3. Market Revenue, by Form (2019-2030)
- 18.4. Market Revenue, by End Use (2019-2030)
- 18.5. Market Revenue, by Usage (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Product (2019-2030)
- 19.3. Market Revenue, by Form (2019-2030)
- 19.4. Market Revenue, by End Use (2019-2030)
- 19.5. Market Revenue, by Usage (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Product (2019-2030)
- 20.3. Market Revenue, by Form (2019-2030)
- 20.4. Market Revenue, by End Use (2019-2030)
- 20.5. Market Revenue, by Usage (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Product (2019-2030)
- 21.3. Market Revenue, by Form (2019-2030)
- 21.4. Market Revenue, by End Use (2019-2030)
- 21.5. Market Revenue, by Usage (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Product (2019-2030)
- 22.3. Market Revenue, by Form (2019-2030)
- 22.4. Market Revenue, by End Use (2019-2030)
- 22.5. Market Revenue, by Usage (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Product (2019-2030)
- 23.3. Market Revenue, by Form (2019-2030)
- 23.4. Market Revenue, by End Use (2019-2030)
- 23.5. Market Revenue, by Usage (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Product (2019-2030)
- 24.3. Market Revenue, by Form (2019-2030)
- 24.4. Market Revenue, by End Use (2019-2030)
- 24.5. Market Revenue, by Usage (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Product (2019-2030)
- 25.3. Market Revenue, by Form (2019-2030)
- 25.4. Market Revenue, by End Use (2019-2030)
- 25.5. Market Revenue, by Usage (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Product (2019-2030)
- 26.3. Market Revenue, by Form (2019-2030)
- 26.4. Market Revenue, by End Use (2019-2030)
- 26.5. Market Revenue, by Usage (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Product (2019-2030)
- 27.3. Market Revenue, by Form (2019-2030)
- 27.4. Market Revenue, by End Use (2019-2030)
- 27.5. Market Revenue, by Usage (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Product (2019-2030)
- 28.3. Market Revenue, by Form (2019-2030)
- 28.4. Market Revenue, by End Use (2019-2030)
- 28.5. Market Revenue, by Usage (2019-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Kamenny Vek
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Mafic SA
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Basalt Fiber & Composite Materials Technology Development Co. Ltd.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Technobasalt-Invest LLC
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. ISOMATEX SA
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Sudaglass Fiber Technology Inc.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. INCOTELOGY GmbH
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Basalt Fiber Tech
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Basaltex
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Armenian Basalt Fibers
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Hengdian GBF Basalt Fiber Co. Ltd.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
- 30.12. BasTech
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
