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Basalt Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 148 pages | ID: B26A7FA39929EN
IMARC Group

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Market Overview 2023-2028:

The global basalt fiber market size reached US$ 340.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 577.6 Million by 2028, exhibiting a growth rate (CAGR) of 8.7% during 2023-2028.

Basalt fiber refers to a form of fiber-reinforced polymer manufactured using extremely fine fibers of basalt and minerals such as pyroxene, plagioclase and olivine. It is usually processed through pultrusion, prepreg process, compression/resin molding and vacuum infusion to obtain continuous or discrete basalt fiber. These fibers are further processed to manufacture fireproof automobile and aerospace textiles, filament winding of pipes, tanks and cylinders, reinforced plastics, geogrids, tunnels and refractory bricks. In comparison to the traditionally used glass-fiber, basalt fiber exhibits superior thermal protection, durability, tensile strength, resistance to chemicals and ultraviolet (UV) radiations, low hygroscopic quotient and high adhesive capabilities.

Basalt Fiber Market Trends:

Rapid industrialization, along with the extensive infrastructural developments across the globe, is one of the key factors driving the growth of the market. Governments of both the developing and emerging economies are using basalt fibers for commercial, residential and industrial constructions due to its high cost-effectiveness and non-corrosive properties. Furthermore, widespread adoption of discrete basalt fiber is also driving the market growth. It is extensively used as an effective substitute for steel and other fiber reinforcements to manufacture light-weight automobile and aircraft components. In line with this, rising environmental consciousness among the masses has led to an increasing preference for recyclable and eco-friendly basalt fiber, which, in turn, is creating a positive outlook for the market. Additionally, various product innovations, such as the development of basalt fiber reinforced plastic (BFRP), are acting as other growth-inducing factors. BFRP provides additional support to infrastructural constructions and minimizes the damage caused by corrosion. Other factors, including the implementation of favorable government policies to lower carbon footprints, along with extensive research and development (R&D) activities, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global basalt fiber market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, type, form, method and end use industry.

Breakup by Product:

Rebar
Fabric
Roving
Chopped Strands
Mesh and Grids
Others


Breakup by Type:

Composites
Non-Composites


Breakup by Form:

Continuous
Discrete


Breakup by Method:

Pultrusion
Prepregs
Compression Moulding
Hand Layup
Resin Moulding
Vacuum Infusion
Spray Gun
Filament Winding
Others


Breakup by End Use Industry:

Automotive and Transportation
Construction and Infrastructure
Electrical and Electronics
Wind Energy
Marines
Others


Breakup by Region:

North America

United States
Canada

Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa


Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being ASA.TEC GmbH, Basaltex NV, INCOTELOGY GmbH, Isomatex, Kamenny Vek, Mafic, Shanxi Basalt Fiber Technology Co. Ltd, sjn AG Suchmaschine der Technik, Sudaglass Fiber Technology, Technobasalt-Invest LLC and Zhejiang Hengdian Imp. & Exp. Co. Ltd.

Key Questions Answered in This Report

1. What was the size of the global basalt fiber market in 2022?
2. What is the expected growth rate of the global basalt fiber market during 2023-2028?
3. What has been the impact of COVID-19 on the global basalt fiber market?
4. What are the key factors driving the global basalt fiber market?
5. What is the breakup of the global basalt fiber market based on the product?
6. What is the breakup of the global basalt fiber market based on the type?
7. What is the breakup of the global basalt fiber market based on the form?
8. What is the breakup of the global basalt fiber market based on the method?
9. What is the breakup of the global basalt fiber market based on the end use industry?
10. What are the key regions in the global basalt fiber market?
11. Who are the key players/companies in the global basalt fiber market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL BASALT FIBER MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT

6.1 Rebar
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Fabric
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Roving
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Chopped Strands
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Mesh and Grids
  6.5.1 Market Trends
  6.5.2 Market Forecast
6.6 Others
  6.6.1 Market Trends
  6.6.2 Market Forecast

7 MARKET BREAKUP BY TYPE

7.1 Composites
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Non-Composites
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY FORM

8.1 Continuous
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Discrete
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY METHOD

9.1 Pultrusion
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Prepregs
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Compression Moulding
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Hand Layup
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Resin Moulding
  9.5.1 Market Trends
  9.5.2 Market Forecast
9.6 Vacuum Infusion
  9.6.1 Market Trends
  9.6.2 Market Forecast
9.7 Spray Gun
  9.7.1 Market Trends
  9.7.2 Market Forecast
9.8 Filament Winding
  9.8.1 Market Trends
  9.8.2 Market Forecast
9.9 Others
  9.9.1 Market Trends
  9.9.2 Market Forecast

10 MARKET BREAKUP BY END USE INDUSTRY

10.1 Automotive and Transportation
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Construction and Infrastructure
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Electrical and Electronics
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Wind Energy
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Marines
  10.5.1 Market Trends
  10.5.2 Market Forecast
10.6 Others
  10.6.1 Market Trends
  10.6.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 ASA.TEC GmbH
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
    16.3.1.3 Financials
  16.3.2 Basaltex NV
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
    16.3.2.3 Financials
  16.3.3 INCOTELOGY GmbH
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
    16.3.3.3 Financials
  16.3.4 Isomatex
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
  16.3.5 Kamenny Vek
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
  16.3.6 Mafic
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
  16.3.7 Shanxi Basalt Fiber Technology Co. Ltd.
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
  16.3.8 sjn AG Suchmaschine der Technik
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
  16.3.9 Sudaglass Fiber Technology
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
  16.3.10 Technobasalt-Invest LLC
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio
  16.3.11 Zhejiang Hengdian Imp. & Exp. Co. Ltd.
    16.3.11.1 Company Overview
    16.3.11.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Basalt Fiber Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Basalt Fiber Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Basalt Fiber Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Basalt Fiber Market Forecast: Breakup by Form (in Million US$), 2023-2028
Table 5: Global: Basalt Fiber Market Forecast: Breakup by Method (in Million US$), 2023-2028
Table 6: Global: Basalt Fiber Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 7: Global: Basalt Fiber Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Basalt Fiber Market Structure
Table 9: Global: Basalt Fiber Market: Key Players

LIST OF FIGURES

Figure 1: Global: Basalt Fiber Market: Major Drivers and Challenges
Figure 2: Global: Basalt Fiber Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Basalt Fiber Market: Breakup by Product (in %), 2022
Figure 4: Global: Basalt Fiber Market: Breakup by Type (in %), 2022
Figure 5: Global: Basalt Fiber Market: Breakup by Form (in %), 2022
Figure 6: Global: Basalt Fiber Market: Breakup by Method (in %), 2022
Figure 7: Global: Basalt Fiber Market: Breakup by End Use Industry (in %), 2022
Figure 8: Global: Basalt Fiber Market: Breakup by Region (in %), 2022
Figure 9: Global: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Basalt Fiber (Rebar) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Basalt Fiber (Rebar) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Basalt Fiber (Fabric) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Basalt Fiber (Fabric) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Basalt Fiber (Roving) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Basalt Fiber (Roving) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Basalt Fiber (Chopped Strands) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Basalt Fiber (Chopped Strands) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Basalt Fiber (Mesh and Grids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Basalt Fiber (Mesh and Grids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Basalt Fiber (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Basalt Fiber (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Basalt Fiber (Composites) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Basalt Fiber (Composites) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Basalt Fiber (Non-Composites) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Basalt Fiber (Non-Composites) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Basalt Fiber (Continuous) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Basalt Fiber (Continuous) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Basalt Fiber (Discrete) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Basalt Fiber (Discrete) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Basalt Fiber (Pultrusion) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Basalt Fiber (Pultrusion) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Basalt Fiber (Prepregs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Basalt Fiber (Prepregs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Basalt Fiber (Compression Moulding) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Basalt Fiber (Compression Moulding) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Basalt Fiber (Hand Layup) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Basalt Fiber (Hand Layup) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Basalt Fiber (Resin Moulding) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Basalt Fiber (Resin Moulding) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Basalt Fiber (Vacuum Infusion) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Basalt Fiber (Vacuum Infusion) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Basalt Fiber (Spray Gun) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Basalt Fiber (Spray Gun) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Basalt Fiber (Filament Winding) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Basalt Fiber (Filament Winding) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Global: Basalt Fiber (Other Methods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Global: Basalt Fiber (Other Methods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Global: Basalt Fiber (Automotive and Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Global: Basalt Fiber (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Global: Basalt Fiber (Construction and Infrastructure) Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Global: Basalt Fiber (Construction and Infrastructure) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Global: Basalt Fiber (Electrical and Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Global: Basalt Fiber (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Global: Basalt Fiber (Wind Energy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Global: Basalt Fiber (Wind Energy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Global: Basalt Fiber (Marines) Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Global: Basalt Fiber (Marines) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Global: Basalt Fiber (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Global: Basalt Fiber (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: North America: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: North America: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: United States: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: United States: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Canada: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Canada: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Asia Pacific: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Asia Pacific: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: China: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: China: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Japan: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Japan: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: India: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: India: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: South Korea: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: South Korea: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Australia: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Australia: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Indonesia: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Indonesia: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Europe: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Europe: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Germany: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Germany: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: France: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: France: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: United Kingdom: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: United Kingdom: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Italy: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Italy: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Spain: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 93: Spain: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 94: Russia: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 95: Russia: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 96: Others: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 97: Others: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 98: Latin America: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 99: Latin America: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 100: Brazil: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 101: Brazil: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 102: Mexico: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 103: Mexico: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 104: Others: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 105: Others: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 106: Middle East and Africa: Basalt Fiber Market: Sales Value (in Million US$), 2017 & 2022
Figure 107: Middle East and Africa: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 108: Global: Basalt Fiber Industry: SWOT Analysis
Figure 109: Global: Basalt Fiber Industry: Value Chain Analysis
Figure 110: Global: Basalt Fiber Industry: Porter’s Five Forces Analysis


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