Asia-Pacific Continuous Basalt Fiber Market By Application (Construction & Infrastructure, Automotive & Transportation, Aerospace & Electronics, Marine & Wind Energy), By Product Type (Basalt Fiber Roving, Basalt Fiber Yarn & Fabric, Basalt Fiber Composite), By Form (Continuous Fiber, Chopped Fiber and Woven Fabric), By Country, Competition, Forecast and Opportunities, 2020-2030F

May 2025 | 120 pages | ID: AE45BF9580AEEN
TechSci Research

Abstracts

Market Overview

The Asia-Pacific Continuous Basalt Fiber Market was valued at USD 95.88 million in 2024 and is projected t%li%reach USD 182.03 million by 2030, growing at a CAGR of 11.11% during the forecast period. The market is gaining momentum due t%li%rising demand for high-performance and eco-friendly materials across industries such as construction, automotive, aerospace, and energy. Continuous basalt fiber, produced from volcanic rock, offers superior thermal resistance, durability, and chemical stability, making it a preferred alternative t%li%conventional fibers like fiberglass and carbon fiber. With increasing infrastructure projects and urban development in key countries such as China and India, the demand for cost-effective and long-lasting materials is on the rise. Additionally, the push toward sustainability and energy efficiency is further enhancing the appeal of basalt fiber in renewable energy applications, such as wind turbine blades and solar panel structures.

Key Market Drivers

Growing Demand from the Construction Industry

The expanding construction sector across the Asia-Pacific region is a significant factor propelling demand for continuous basalt fiber. With rapid urbanization and infrastructure growth in countries like China and India, there is an increasing need for building materials that offer strength, durability, and resistance t%li%corrosion and extreme conditions. Continuous basalt fiber is being widely adopted in construction applications such as bridges, roads, and buildings, where its high strength-to-weight rati%li%and resistance t%li%environmental degradation provide structural longevity. In India, public and private investments in housing and infrastructure have surged over 50% in recent years, driving heightened usage of advanced materials like basalt fiber for enhanced performance and sustainability.

Key Market Challenges

High Production Costs

The relatively high cost of production remains a key obstacle t%li%broader adoption of continuous basalt fiber in the Asia-Pacific market. The process of extracting and converting volcanic rock int%li%fiber is capital- and energy-intensive, requiring specialized machinery and high-temperature furnaces. These factors contribute t%li%higher manufacturing expenses compared t%li%conventional materials such as fiberglass. In cost-sensitive sectors like construction and automotive, this price differential can hinder widespread usage. Additionally, inconsistent raw material pricing and energy costs across the region further elevate production challenges. Until cost-efficiency improves through technological innovation or economies of scale, pricing will remain a barrier for some applications.

Key Market Trends

Increased Investment in Research and Development

An emerging trend in the Asia-Pacific continuous basalt fiber market is growing investment in research and development aimed at enhancing product performance and lowering production costs. Manufacturers are focusing on improving fiber strength, flexibility, and chemical resistance t%li%meet the evolving demands of high-tech sectors such as aerospace, defense, and renewable energy. Innovations are als%li%being pursued t%li%streamline production processes, making basalt fiber more competitive with traditional alternatives. These R&D initiatives are expanding the fiber’s applicability t%li%new end-use markets while als%li%promoting product customization for specific industrial needs, such as wind turbine blade reinforcement and automotive components.

Key Market Players

• Kamenny Vek
• Mafic SA
• Technobasalt-Invest LLC
• Basaltex NV
• Sudaglass Fiber Technology
• Zhejiang GBF Basalt Fiber Co., Ltd.
• Shanxi Basalt Fiber Technology Co., Ltd.
• Jilin Tongxin Basalt Technology Co., Ltd.
• Fiberbas Construction and Building Technologies
• Armbasalt CJSC

Report Scope:

In this report, the Asia-Pacific Continuous Basalt Fiber Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:

• Asia-Pacific Continuous Basalt Fiber Market, By Application:
• Construction & Infrastructure
• Automotive & Transportation
• Aerospace & Electronics
• Marine & Wind Energy
• Asia-Pacific Continuous Basalt Fiber Market, By Product Type:
• Basalt Fiber Roving
• Basalt Fiber Yarn & Fabric
• Basalt Fiber Composite
• Asia-Pacific Continuous Basalt Fiber Market, By Form:
• Continuous Fiber
• Chopped Fiber
• Woven Fabric
• Asia-Pacific Continuous Basalt Fiber Market, By Country:
• China
• Japan
• India
• South Korea
• Australia
• Singapore
• Thailand
• Malaysia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Asia-Pacific Continuous Basalt Fiber Market.

Available Customizations:

Asia-Pacific Continuous Basalt Fiber Market report with the given market data, TechSci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up t%li%five).

Contents

1. PRODUCT OVERVIEW

1.1. Market Definition
1.2. Scope of the Market
  1.2.1. Markets Covered
  1.2.2. Years Considered for Study
  1.2.3. Key Market Segmentations

2. RESEARCH METHODOLOGY

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. EXECUTIVE SUMMARY

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. VOICE OF CUSTOMER

5. ASIA-PACIFIC CONTINUOUS BASALT FIBER MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Application (Construction & Infrastructure, Automotive & Transportation, Aerospace & Electronics, Marine & Wind Energy)
  5.2.2. By Product Type (Basalt Fiber Roving, Basalt Fiber Yarn & Fabric, Basalt Fiber Composite)
  5.2.3. By Form (Continuous Fiber, Chopped Fiber and Woven Fabric)
  5.2.4. By Country (China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Rest of Asia-Pacific)
5.3. By Company (2024)
5.4. Market Map

6. CHINA CONTINUOUS BASALT FIBER MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Application
  6.2.2. By Product Type
  6.2.3. By Form

7. JAPAN CONTINUOUS BASALT FIBER MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Application
  7.2.2. By Product Type
  7.2.3. By Form

8. INDIA CONTINUOUS BASALT FIBER MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Application
  8.2.2. By Product Type
  8.2.3. By Form

9. SOUTH KOREA CONTINUOUS BASALT FIBER MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Application
  9.2.2. By Product Type
  9.2.3. By Form

10. AUSTRALIA CONTINUOUS BASALT FIBER MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Application
  10.2.2. By Product Type
  10.2.3. By Form

11. SINGAPORE CONTINUOUS BASALT FIBER MARKET OUTLOOK

11.1. Market Size & Forecast
  11.1.1. By Value
11.2. Market Share & Forecast
  11.2.1. By Application
  11.2.2. By Product Type
  11.2.3. By Form

12. THAILAND CONTINUOUS BASALT FIBER MARKET OUTLOOK

12.1. Market Size & Forecast
  12.1.1. By Value
12.2. Market Share & Forecast
  12.2.1. By Application
  12.2.2. By Product Type
  12.2.3. By Form

13. MALAYSIA CONTINUOUS BASALT FIBER MARKET OUTLOOK

13.1. Market Size & Forecast
  13.1.1. By Value
13.2. Market Share & Forecast
  13.2.1. By Application
  13.2.2. By Product Type
  13.2.3. By Form

14. MARKET DYNAMICS

14.1. Drivers
14.2. Challenges

15. MARKET TRENDS AND DEVELOPMENTS

15.1. Merger & Acquisition (If Any)
15.2. Product Launches (If Any)
15.3. Recent Developments

16. COMPANY PROFILES

16.1. Kamenny Vek
  16.1.1. Business Overview
  16.1.2. Key Revenue and Financials
  16.1.3. Recent Developments
  16.1.4. Key Personnel
  16.1.5. Key Product/Services Offered
16.2. Mafic SA
16.3. Technobasalt-Invest LLC
16.4. Basaltex NV
16.5. Sudaglass Fiber Technology
16.6. Zhejiang GBF Basalt Fiber Co., Ltd.
16.7. Shanxi Basalt Fiber Technology Co., Ltd.
16.8. Jilin Tongxin Basalt Technology Co., Ltd.
16.9. Fiberbas Construction and Building Technologies
16.10. Armbasalt CJSC

17. STRATEGIC RECOMMENDATIONS

18. ABOUT US & DISCLAIMER