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Global Basalt Fiber Market by Usage (Composites, Non-Composites), End-Use Industry (Construction & Infrastructure, Automotive & Transportation, Wind Energy, Electrical & Electronics, Marine), and Region - Forecast to 2028

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    Report

  • 233 Pages
  • October 2023
  • Region: Global
  • Markets and Markets
  • ID: 4769067
Description Jump to:

Basalt fiber's estimated global market size is USD 279 million in 2023, and it is anticipated to reach USD 503 million by 2028. Between 2023 and 2028, this growth is anticipated to occur at a Compound Annual Growth Rate (CAGR) of 12.5%. In order to meet the increasing demand from a variety of end-user industries, including building and infrastructure, automotive and transportation, electrical and electronics, among others, this expansion is anticipated to continue in the upcoming years. Of these, the construction and infrastructure industry is the main user of basalt fibers since these fibers are highly suitable for demanding applications requiring characteristics like minimal water absorption, chemical resistance, durability, and mechanical strength.

Continuous form of the basalt fiber holds the largest share in terms of both value and volume

Continuous form of basalt fibers dominated the global basalt fiber market and is expected to register the highest CAGR during the forecasted period. This remarkable growth can be chiefly attributed to the increasing demand across a spectrum of global end-use industries, thanks to its efficient properties. The continuous form of basalt fiber is widely used in several industries, including wind energy, construction and infrastructure, automotive and transportation, and maritime. Because of their superior mechanical qualities, increased tensile strength, and outstanding efficiency, continuous basalt fibers are the go-to option in these sectors.

Usage of basalt fiber in composite is the fastest growing segment

Given its broad applicability across a variety of end-use industries, including construction and infrastructure, automotive and transportation, maritime, wind energy, and sporting goods, among others, the use of composites is expected to rise significantly in the near future. Whether used in concrete or plastic matrices, basalt can bring new possibilities for reinforced composites when used in the form of continuous fibers.

Currently, there is an increase in demand for basalt fiber across a range of applications, both in composite and non-composite forms. These applications include, but are not limited to, the production of pipes, bars, fittings, fabrics, structural plastics, automotive components, concrete reinforcement for construction, insulating plastics, and materials used in friction-related applications. They also include areas such as thermal and sound insulation, which involves materials like basalt wool and engine insulation.

Construction & infrastructure is the largest and the fastest-growing end-use industry of basalt fiber

During the forecasted period, the construction and infrastructure sector is poised to exhibit the highest Compound Annual Growth Rate (CAGR). Within the construction industry, basalt fibers and basalt fiber composites are extensively employed due to their excellent insulating properties. Notably, these materials offer longevity and resistance to corrosion, setting them apart from steel and the decay-prone nature of wood. This translates to reduced maintenance and replacement expenses.
Furthermore, basalt fiber composite materials are gradually making inroads into the construction industry, gradually displacing steel. This transition is driven by their exceptional combination of attributes, which include a high strength-to-weight ratio, resistance to chemicals and corrosion, low thermal conductivity, and an absence of electrical and magnetic conduction. Basalt fibers find application in a multitude of construction scenarios, including assembled houses, structures, cold floor heating systems, fire partitions, firewalls, fire doors, and various other construction applications. These fibers take on multiple forms, serving as reinforced rebars, pultruded load-bearing profiles, unidirectional, biaxial, and triaxial basalt fabrics, basalt reinforcing meshes, and they are even incorporated into basalt fiber-reinforced concrete within the construction and infrastructure sector.

Asia Pacific region dominated the global basalt fiber market

Asia Pacific region holds the largest share of the global basalt fiber market and is expected to register the highest CAGR between 2023 and 2028. This prevalence is mainly attributed to the substantial demand emerging from industries like automotive and transportation, construction and infrastructure, and wind energy within the region. Notably, the burgeoning investments in the construction and infrastructure sector in the region are a significant driving force behind the heightened consumption of basalt fibers. Among the countries in this region, China emerges as the foremost player in the basalt fiber market.

Breakdown of Profiles of Primary Interviews:

  • By Company Type: Tier 1 - 40%, Tier 2 - 33%, and Tier 3 - 27%
  • By Designation: C Level - 50%, Director Level - 30%, and Others - 20%
  • By Region: North America - 15%, Europe - 50%, Asia Pacific (APAC) - 20%, Latin America - 10%, Middle East & Africa (MEA) - 5%

The report provides a comprehensive analysis of company profiles listed below:

  • Kamenny Vek (Russia)
  • Zhejiang GBF Basalt Fiber Co. (China)
  • JFE RockFiber Corp. (Japan), 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)

Research Coverage

This report covers the basalt fiber market by form, usage, end use industry and region. It aims at estimating the size and future growth potential of the market across various segments. The report also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.

Reasons to buy the report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall basalt fiber market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Increase in demand for non-corrosive materials), restraints (1.2.2.2 Lack of standardization in manufacturing technologies), opportunities (1.2.3.2 Growing adoption of environmentally friendly and recyclable materials), and challenges (1.2.4.1 Complex manufacturing process and high cost compared to E-glass fibers) influencing the growth of the basalt fiber market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the basalt fiber market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the basalt fiber market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the basalt fiber market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players in the basalt fiber market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
Figure 1 Basalt Fiber Market Segmentation
1.3.1 Regions Covered
1.3.2 Years Considered
1.4 Currency Considered
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
1.9 Recession Impact

2 Research Methodology
2.1 Research Approach
Figure 2 Basalt Fiber Market: Research Design
2.2 Base Number Calculation
2.2.1 Approach 1: Supply-Side Analysis
2.2.2 Approach 2: Demand-Side Analysis
2.3 Recession Impact
Figure 3 Major Factors Responsible for Global Recession and Their Impact on Basalt Fiber Market
2.4 Research Data
2.4.1 Secondary Data
2.4.1.1 Key Data from Secondary Sources
2.4.2 Primary Data
2.4.2.1 Key Data from Primary Sources
2.4.2.2 Primary Interviews - Top Basalt Fiber Manufacturers
2.4.2.3 Breakdown of Primary Interviews
2.4.2.4 Key Industry Insights
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
2.5.2 Top-Down Approach
Figure 5 Market Size Estimation: Top-Down Approach
2.6 Market Forecast Approach
2.6.1 Supply Side
2.6.2 Demand Side
2.7 Data Triangulation
Figure 6 Basalt Fiber Market: Data Triangulation
2.8 Assumptions
2.9 Growth Forecast
2.10 Research Limitations
2.11 Risk Analysis

3 Executive Summary
Figure 7 Continuous Form Led Basalt Fiber Market in 2022
Figure 8 Composites Segment Dominated Market in 2022
Figure 9 Automotive & Transportation Industry Led Market in 2022
Figure 10 Asia-Pacific to Record Highest Growth During Forecast Period

4 Premium Insights
4.1 Attractive Opportunities for Players in Basalt Fiber Market
Figure 11 Significant Growth Expected in Basalt Fiber Market Between 2023 and 2028
4.2 Basalt Fiber Market, by Form and Region
Figure 12 Continuous Form and Asia-Pacific Were Largest Markets in 2022
4.3 Basalt Fiber Market, by Usage
Figure 13 Composites Segment Dominated Market in 2022
4.4 Basalt Fiber Market, by End-Use Industry
Figure 14 Construction & Infrastructure Was Largest End-Use Industry in 2022
4.5 Basalt Fiber Market Growth, by Key Country
Figure 15 China to be Fastest-Growing Market During Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 16 Drivers, Restraints, Opportunities, and Challenges in Basalt Fiber Market
5.2.1 Drivers
5.2.1.1 Increase in Demand for Non-Corrosive Materials
5.2.1.2 Resistance to Extreme Temperatures and Vibrations
Table 1 Mechanical & Physical Properties of Fibers
Table 2 Temperature Range of Fibers
5.2.1.3 Need for Environment-Friendly and Recyclable Material
5.2.2 Restraints
5.2.2.1 Use of Substitutes in Construction Sector
5.2.2.2 Lack of Standardized Manufacturing Technologies
5.2.3 Opportunities
5.2.3.1 Rising Demand for Basalt Fibers from Marine Sector
5.2.3.2 Increased Adoption of Eco-Friendly Fiber-Reinforced Composite Products
5.2.4 Challenges
5.2.4.1 Complex Manufacturing Process and High Cost Compared to E-Glass Fibers
5.2.4.2 Technical Complexities in Production Process
5.3 Porter's Five Forces Analysis
Figure 17 Basalt Fiber Market: Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
Table 3 Basalt Fiber Market: Porter's Five Forces Analysis
5.4 Supply Chain Analysis
Table 4 Basalt Fiber Market: Companies and Their Role in Ecosystem
5.5 Pricing Analysis
5.5.1 Average Selling Price, by End-Use Industry
Figure 18 Average Selling Price Trend of Key Players by Top Three End-Use Industries (Usd/Kg)
Table 5 Average Selling Price Trend of Key Players, by Top 3 End-Use Industries (Usd/Kg)
5.6 Average Selling Price Trend, by Region
Table 6 Basalt Fiber Market: Average Selling Price, by Region
5.7 Trade Data Analysis
5.7.1 Export Scenario of Basalt Fibers
Table 7 Top 25 Exporting Countries in 2022
5.7.2 Import Scenario of Basalt Fibers
Table 8 Top 25 Importing Countries in 2022
5.8 Key Stakeholders & Buying Criteria
5.8.1 Key Stakeholders in Buying Process
Figure 19 Influence of Stakeholders on Buying Process for Top 3 End-Use Industries
Table 9 Influence of Stakeholders on Buying Process for Top 3 End-Use Industries
5.8.2 Buying Criteria
Figure 20 Key Buying Criteria for Top 3 End-Use Industries
Table 10 Key Buying Criteria for Top 3 End-Use Industries
5.9 Technology Analysis
Table 11 Comparative Study of Major Basalt Fiber Composite Manufacturing Processes
5.10 Ecosystem Map
Figure 21 Ecosystem Map: Basalt Fiber Market
5.11 Value Chain Analysis
Figure 22 Value Chain Analysis: Basalt Fiber Market
5.12 Case Study Analysis
Figure 23 Case Study Analysis: Basalt Fiber Market
5.13 Trends and Disruptions Impacting Customer Business
Figure 24 Revenue Shift for Basalt Fiber Market
5.14 Tariff and Regulatory Landscape
5.14.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
5.14.2 Standards for Basalt Fiber Market
Table 15 Current Standard Codes for Basalt Fiber Market
5.15 Patent Analysis
5.15.1 Introduction
5.15.2 Methodology
5.15.3 Document Types
Table 16 Basalt Fiber Market: Global Patents
Figure 25 Global Patent Analysis, by Document Type
Figure 26 Global Patent Publication Trend, 2013-2023
5.15.4 Insights
5.15.5 Legal Status
Figure 27 Basalt Fiber Market: Legal Status of Patents
5.15.6 Jurisdiction Analysis
Figure 28 Global Jurisdiction Analysis, 2013-2023
5.15.7 Top Applicants
Figure 29 Sichuan Aerospace Wuyuan Composite Materials Co., Ltd. Registered Highest Number of Patents
Table 17 Patents by Sichuan Aerospace Wuyuan Composite Materials Co., Ltd.
5.15.8 Patents by Zhengzhou Dengdian Cbf Co., Ltd.
5.15.9 Patents by Southeast University
5.15.10 Top Patent Owners (Us) in Last 10 Years
5.16 Key Conferences & Events, 2023-2024
Table 18 Key Conferences & Events Related to Basalt Fiber and Related Markets, 2023-2024

6 Basalt Fiber Market, by Form
6.1 Introduction
Figure 30 Continuous Basalt Fiber Records Faster Growth During Forecast Period
Table 19 Basalt Fiber Market, by Form, 2018-2022 (Ton)
Table 20 Basalt Fiber Market, by Form, 2018-2022 (USD Thousand)
Table 21 Basalt Fiber Market, by Form, 2023-2028 (Ton)
Table 22 Basalt Fiber Market, by Form, 2023-2028 (USD Thousand)
6.2 Continuous Basalt Fiber
6.2.1 High Efficiency and Tensile Strength to Drive Market
6.2.2 Continuous: Basalt Fiber Market, by Region
Table 23 Continuous: Basalt Fiber Market, by Region, 2018-2022 (Ton)
Table 24 Continuous: Basalt Fiber Market, by Region, 2018-2022 (USD Thousand)
Table 25 Continuous: Basalt Fiber Market, by Region, 2023-2028 (Ton)
Table 26 Continuous: Basalt Fiber Market, by Region, 2023-2028 (USD Thousand)
6.3 Discrete Basalt Fiber
6.3.1 Growth of Construction and Transportation Sectors to Fuel Market
6.3.2 Discrete: Basalt Fiber Market, by Region
Table 27 Discrete: Basalt Fiber Market, by Region, 2018-2022 (Ton)
Table 28 Discrete: Basalt Fiber Market, by Region, 2018-2022 (USD Thousand)
Table 29 Discrete: Basalt Fiber Market, by Region, 2023-2028 (Ton)
Table 30 Discrete: Basalt Fiber Market, by Region, 2023-2028 (USD Thousand)

7 Basalt Fiber Market, by Usage Type
7.1 Introduction
Table 31 Chemical Composition of Glass and Basalt Fibers
Table 32 Tensile Strength of Fibers
Table 33 Basalt Fiber Stiffness Properties
Figure 31 Basalt Fiber Composites to Grow at Faster Rate During Forecast Period
Table 34 Basalt Fiber Market, by Usage Type, 2018-2022 (Ton)
Table 35 Basalt Fiber Market, by Usage Type, 2018-2022 (USD Thousand)
Table 36 Basalt Fiber Market, by Usage Type, 2023-2028 (Ton)
Table 37 Basalt Fiber Market, by Usage Type, 2023-2028 (USD Thousand)
7.2 Composite Basalt Fiber
7.2.1 Enhanced Safety and Sustainability to Drive Market
7.2.2 Composites: Basalt Fiber Market, by Region
Table 38 Composites: Basalt Fiber Market, by Region, 2018-2022 (Ton)
Table 39 Composites: Basalt Fiber Market, by Region, 2018-2022 (USD Thousand)
Table 40 Composites: Basalt Fiber Market, by Region, 2023-2028 (Ton)
Table 41 Composites: Basalt Fiber Market, by Region, 2023-2028 (USD Thousand)
7.3 Non-Composite Basalt Fiber
7.3.1 Wide Use in Insulation Sleeves and Concrete Reinforcements to Fuel Market
Table 42 Comparative Characteristics of Fibers
7.3.2 Non-Composites: Basalt Fiber Market, by Region
Table 43 Non-Composites: Basalt Fiber Market, by Region, 2018-2022 (Ton)
Table 44 Non-Composites: Basalt Fiber Market, by Region, 2018-2022 (USD Thousand)
Table 45 Non-Composites: Basalt Fiber Market, by Region, 2023-2028 (Ton)
Table 46 Non-Composites: Basalt Fiber Market, by Region, 2023-2028 (USD Thousand)

8 Basalt Fiber Market, by End-Use Industry
8.1 Introduction
Figure 32 Construction & Infrastructure Segment Accounted for Largest Share During Forecast Period
Table 47 Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 48 Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 49 Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 50 Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
8.2 Construction & Infrastructure
8.2.1 Zero Electrical and Magnetic Conduction to Drive Market
8.2.2 Construction & Infrastructure: Basalt Fiber Market, by Region
Table 51 Construction & Infrastructure: Basalt Fiber Market, by Region, 2018-2022 (Ton)
Table 52 Construction & Infrastructure: Basalt Fiber Market, by Region, 2018-2022 (USD Thousand)
Table 53 Construction & Infrastructure: Basalt Fiber Market, by Region, 2023-2028 (Ton)
Table 54 Construction & Infrastructure: Basalt Fiber Market, by Region, 2023-2028 (USD Thousand)
8.3 Automotive & Transportation
8.3.1 Cost Reduction of Molding Compounds and Vehicles to Drive Market
8.3.2 Automotive & Transportation: Basalt Fiber Market, by Region
Table 55 Automotive & Transportation: Basalt Fiber Market, by Region, 2018-2022 (Ton)
Table 56 Automotive & Transportation: Basalt Fiber Market, by Region, 2018-2022 (USD Thousand)
Table 57 Automotive & Transportation: Basalt Fiber Market, by Region, 2023-2028 (Ton)
Table 58 Automotive & Transportation: Basalt Fiber Market, by Region, 2023-2028 (USD Thousand)
8.4 Electrical & Electronics
8.4.1 Good Insulation Properties to Fuel Demand for Basalt Fibers in Electronics
8.4.2 Electrical & Electronics: Basalt Fiber Market, by Region
Table 59 Electrical & Electronics: Basalt Fiber Market, by Region, 2018-2022 (Ton)
Table 60 Electrical & Electronics: Basalt Fiber Market, by Region, 2018-2022 (USD Thousand)
Table 61 Electrical & Electronics: Basalt Fiber Market, by Region, 2023-2028 (Ton)
Table 62 Electrical & Electronics: Basalt Fiber Market, by Region, 2023-2028 (USD Thousand)
8.5 Wind Energy
8.5.1 High Demand for Basalt Roving in Wind Turbines to Boost Market
8.5.2 Wind Energy: Basalt Fiber Market, by Region
Table 63 Wind Energy: Basalt Fiber Market, by Region, 2018-2022 (Ton)
Table 64 Wind Energy: Basalt Fiber Market, by Region, 2018-2022 (USD Thousand)
Table 65 Wind Energy: Basalt Fiber Market, by Region, 2023-2028 (Ton)
Table 66 Wind Energy: Basalt Fiber Market, by Region, 2023-2028 (USD Thousand)
8.6 Marine
8.6.1 Construction of Marine Decks and Pontoons to Fuel Demand for Basalt Products
8.6.2 Marine: Basalt Fiber Market, by Region
Table 67 Marine: Basalt Fiber Market, by Region, 2018-2022 (Ton)
Table 68 Marine: Basalt Fiber Market, by Region, 2018-2022 (USD Thousand)
Table 69 Marine: Basalt Fiber Market, by Region, 2023-2028 (Ton)
Table 70 Marine: Basalt Fiber Market, by Region, 2023-2028 (USD Thousand)
8.7 Other End-Use Industries
8.7.1 Other End-Use Industries: Basalt Fiber Market, by Region
Table 71 Other End-Use Industries: Basalt Fiber Market, by Region, 2018-2022 (Ton)
Table 72 Other End-Use Industries: Basalt Fiber Market, by Region, 2018-2022 (USD Thousand)
Table 73 Other End-Use Industries: Basalt Fiber Market, by Region, 2023-2028 (Ton)
Table 74 Other End-Use Industries: Basalt Fiber Market, by Region, 2023-2028 (USD Thousand)

9 Basalt Fiber Market, by Region
9.1 Introduction
Figure 33 China to Register Highest Growth Rate During Forecast Period
Table 75 Basalt Fiber Market, by Region, 2018-2022 (Ton)
Table 76 Basalt Fiber Market, by Region, 2018-2022 (USD Thousand)
Table 77 Basalt Fiber Market, by Region, 2023-2028 (Ton)
Table 78 Basalt Fiber Market, by Region, 2023-2028 (USD Thousand)
9.2 North America
9.2.1 Recession Impact on North America
Figure 34 North America: Basalt Fiber Market Snapshot
9.2.2 North America: Basalt Fiber Market, by Form
Table 79 North America: Basalt Fiber Market, by Form, 2018-2022 (Ton)
Table 80 North America: Basalt Fiber Market, by Form, 2018-2022 (USD Thousand)
Table 81 North America: Basalt Fiber Market, by Form, 2023-2028 (Ton)
Table 82 North America: Basalt Fiber Market, by Form, 2023-2028 (USD Thousand)
9.2.3 North America: Basalt Fiber Market, by Usage Type
Table 83 North America: Basalt Fiber Market, by Usage Type, 2018-2022 (Ton)
Table 84 North America: Basalt Fiber Market, by Usage Type, 2018-2022 (USD Thousand)
Table 85 North America: Basalt Fiber Market, by Usage Type, 2023-2028 (Ton)
Table 86 North America: Basalt Fiber Market, by Usage Type, 2023-2028 (USD Thousand)
9.2.4 North America: Basalt Fiber Market, by End-Use Industry
Table 87 North America: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 88 North America: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 89 North America: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 90 North America: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.2.5 North America: Basalt Fiber Market, by Country
Table 91 North America: Basalt Fiber Market, by Country, 2018-2022 (Ton)
Table 92 North America: Basalt Fiber Market, by Country, 2018-2022 (USD Thousand)
Table 93 North America: Basalt Fiber Market, by Country, 2023-2028 (Ton)
Table 94 North America: Basalt Fiber Market by Country, 2023-2028 (USD Thousand)
9.2.5.1 US
9.2.5.1.1 Increase in Production Capacity of Basalt Fibers to Drive Market
Table 95 US: New Wind Energy Installations, 2010-2021 (Mw)
9.2.5.1.2 US: Basalt Fiber Market, by End-Use Industry
Table 96 US: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 97 US: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 98 US: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 99 US: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.2.5.2 Canada
9.2.5.2.1 Well-Established Aerospace Sector to Drive Market
9.2.5.2.2 Canada: Basalt Fiber Market, by End-Use Industry
Table 100 Canada: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 101 Canada: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 102 Canada: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 103 Canada: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.3 Europe
9.3.1 Recession Impact on Europe
Figure 35 Europe: Basalt Fiber Market Snapshot
9.3.2 Europe: Basalt Fiber Market, by Form
Table 104 Europe: Basalt Fiber Market, by Form, 2018-2022 (Ton)
Table 105 Europe: Basalt Fiber Market, by Form, 2018-2022 (USD Thousand)
Table 106 Europe: Basalt Fiber Market, by Form, 2023-2028 (Ton)
Table 107 Europe: Basalt Fiber Market, by Form, 2023-2028 (USD Thousand)
9.3.3 Europe: Basalt Fiber Market, by Usage Type
Table 108 Europe: Basalt Fiber Market, by Usage Type, 2018-2022 (Ton)
Table 109 Europe: Basalt Fiber Market, by Usage Type, 2018-2022 (USD Thousand)
Table 110 Europe: Basalt Fiber Market, by Usage Type, 2023-2028 (Ton)
Table 111 Europe: Basalt Fiber Market, by Usage Type, 2023-2028 (USD Thousand)
9.3.4 Europe: Basalt Fiber Market, by End-Use Industry
Table 112 Europe: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 113 Europe: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 114 Europe: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 115 Europe: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.3.5 Europe: Basalt Fiber Market, by Country
Table 116 Europe: Basalt Fiber Market, by Country, 2018-2022 (Ton)
Table 117 Europe: Basalt Fiber Market, by Country, 2018-2022 (USD Thousand)
Table 118 Europe: Basalt Fiber Market, by Country, 2023-2028 (Ton)
Table 119 Europe: Basalt Fiber Market, by Country, 2023-2028 (USD Thousand)
9.3.5.1 Russia
9.3.5.1.1 Presence of Established Manufacturing Companies to Fuel Market
9.3.5.1.2 Russia: Basalt Fiber Market, by End-Use Industry
Table 120 Russia: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 121 Russia: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 122 Russia: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 123 Russia: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.3.5.2 Ukraine
9.3.5.2.1 Abundant Reserves of Basalt Rocks to Drive Market
9.3.5.2.2 Ukraine: Basalt Fiber Market, by End-Use Industry
Table 124 Ukraine: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 125 Ukraine: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 126 Ukraine: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 127 Ukraine: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.3.5.3 UK
9.3.5.3.1 Increasing Need for Fuel Efficiency in Vehicles to Drive Market
9.3.5.3.2 UK: Basalt Fiber Market, by End-Use Industry
Table 128 UK: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 129 UK: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 130 UK: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 131 UK: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.3.5.4 Germany
9.3.5.4.1 Presence of Renowned Automotive Brands to Boost Market
Table 132 Germany: New Wind Energy Installations, 2010-2020 (Mw)
9.3.5.4.2 Germany: Basalt Fiber Market, by End-Use Industry
Table 133 Germany: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 134 Germany: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 135 Germany: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 136 Germany: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.3.5.5 Ireland
9.3.5.5.1 High Demand from Wind Energy Sector to Fuel Market
9.3.5.5.2 Ireland: Basalt Fiber Market, by End-Use Industry
Table 137 Ireland: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 138 Ireland: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 139 Ireland: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 140 Ireland: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.3.5.6 Belgium
9.3.5.6.1 Growth of Automotive & Transportation Industry to Drive Market
9.3.5.6.2 Belgium: Basalt Fiber Market, by End-Use Industry
Table 141 Belgium: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 142 Belgium: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 143 Belgium: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 144 Belgium: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.3.5.7 Rest of Europe
9.3.5.7.1 Rest of Europe: Basalt Fiber Market, by End-Use Industry
Table 145 Rest of Europe: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 146 Rest of Europe: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 147 Rest of Europe: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 148 Rest of Europe: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.4 Asia-Pacific
9.4.1 Recession Impact on Asia-Pacific
Figure 36 Asia-Pacific: Basalt Fiber Market Snapshot
9.4.2 Asia-Pacific: Basalt Fiber Market, by Form
Table 149 Asia-Pacific: Basalt Fiber Market, by Form, 2018-2022 (Ton)
Table 150 Asia-Pacific: Basalt Fiber Market, by Form, 2018-2022 (USD Thousand)
Table 151 Asia-Pacific: Basalt Fiber Market, by Form, 2023-2028 (Ton)
Table 152 Asia-Pacific: Basalt Fiber Market, by Form, 2023-2028 (USD Thousand)
9.4.3 Asia-Pacific: Basalt Fiber Market, by Usage Type
Table 153 Asia-Pacific: Basalt Fiber Market, by Usage Type, 2018-2022 (Ton)
Table 154 Asia-Pacific: Basalt Fiber Market, by Usage Type, 2018-2022 (USD Thousand)
Table 155 Asia-Pacific: Basalt Fiber Market, by Usage Type, 2023-2028 (Ton)
Table 156 Asia-Pacific: Basalt Fiber Market, by Usage Type, 2023-2028 (USD Thousand)
9.4.4 Asia-Pacific: Basalt Fiber Market, by End-Use Industry
Table 157 Asia-Pacific: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 158 Asia-Pacific: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 159 Asia-Pacific: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 160 Asia-Pacific: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.4.5 Asia-Pacific: Basalt Fiber Market, by Country
Table 161 Asia-Pacific: Basalt Fiber Market, by Country, 2018-2022 (Ton)
Table 162 Asia-Pacific: Basalt Fiber Market, by Country, 2018-2022 (USD Thousand)
Table 163 Asia-Pacific: Basalt Fiber Market, by Country, 2023-2028 (Ton)
Table 164 Asia-Pacific: Basalt Fiber Market, by Country, 2023-2028 (USD Thousand)
9.4.5.1 China
9.4.5.1.1 High Number of Wind Energy Installations to Drive Market
Table 165 China: New Wind Energy Installations, 2010-2020 (Mw)
9.4.5.1.2 China: Basalt Fiber Market, by End-Use Industry
Table 166 China: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 167 China: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 168 China: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 169 China: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.4.5.2 India
9.4.5.2.1 Government Investments in Infrastructure Industry to Boost Market
9.4.5.2.2 India: Basalt Fiber Market, by End-Use Industry
Table 170 India: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 171 India: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 172 India: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 173 India: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.4.5.3 Japan
9.4.5.3.1 Growth of Automotive Sector to Fuel Market
9.4.5.3.2 Japan: Basalt Fiber Market, by End-Use Industry
Table 174 Japan: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 175 Japan: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 176 Japan: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 177 Japan: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.4.5.4 South Korea
9.4.5.4.1 Industrial Growth and Technological Advancements to Drive Market
9.4.5.4.2 South Korea: Basalt Fiber Market, by End-Use Industry
Table 178 South Korea: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 179 South Korea: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 180 South Korea: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 181 South Korea: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.4.5.5 Australia & New Zealand
9.4.5.5.1 Rapid Developments in Transportation Sector to Boost Market
9.4.5.5.2 Australia & New Zealand: Basalt Fiber Market, by End-Use Industry
Table 182 Australia & New Zealand: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 183 Australia & New Zealand: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 184 Australia & New Zealand: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 185 Australia & New Zealand: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.4.5.6 Rest of Asia-Pacific
9.4.5.6.1 Rest of Asia-Pacific: Basalt Fiber Market, by End-Use Industry
Table 186 Rest of Asia-Pacific: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 187 Rest of Asia-Pacific: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 188 Rest of Asia-Pacific: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 189 Rest of Asia-Pacific: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.5 Middle East & Africa
9.5.1 Recession Impact on Middle East & Africa
9.5.2 Middle East & Africa: Basalt Fiber Market, by Form
Table 190 Middle East & Africa: Basalt Fiber Market, by Form, 2018-2022 (Ton)
Table 191 Middle East & Africa: Basalt Fiber Market, by Form, 2018-2022 (USD Thousand)
Table 192 Middle East & Africa: Basalt Fiber Market, by Form, 2023-2028 (Ton)
Table 193 Middle East & Africa: Basalt Fiber Market, by Form, 2023-2028 (USD Thousand)
9.5.3 Middle East & Africa: Basalt Fiber Market, by Usage Type
Table 194 Middle East & Africa: Basalt Fiber Market, by Usage Type, 2018-2022 (Ton)
Table 195 Middle East & Africa: Basalt Fiber Market, by Usage Type, 2018-2022 (USD Thousand)
Table 196 Middle East & Africa: Basalt Fiber Market, by Usage Type, 2023-2028 (Ton)
Table 197 Middle East & Africa: Basalt Fiber Market, by Usage Type, 2023-2028 (USD Thousand)
9.5.4 Middle East & Africa: Basalt Fiber Market, by End-Use Industry
Table 198 Middle East & Africa: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 199 Middle East & Africa: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 200 Middle East & Africa: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 201 Middle East & Africa: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.5.5 Middle East & Africa: Basalt Fiber Market, by Country
Table 202 Middle East & Africa: Basalt Fiber Market, by Country, 2018-2022 (Ton)
Table 203 Middle East & Africa: Basalt Fiber Market, by Country, 2018-2022 (USD Thousand)
Table 204 Middle East & Africa: Basalt Fiber Market, by Country, 2023-2028 (Ton)
Table 205 Middle East & Africa: Basalt Fiber Market, by Country, 2023-2028 (USD Thousand)
9.5.5.1 Saudi Arabia
9.5.5.1.1 Vision 2030 to Drive Market
9.5.5.1.2 Saudi Arabia: Basalt Fiber Market, by End-Use Industry
Table 206 Saudi Arabia: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 207 Saudi Arabia: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 208 Saudi Arabia: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 209 Saudi Arabia: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.5.5.2 South Africa
9.5.5.2.1 Growth of Construction & Infrastructure Industry to Fuel Market
9.5.5.2.2 South Africa: Basalt Fiber Market, by End-Use Industry
Table 210 South Africa: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 211 South Africa: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 212 South Africa: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 213 South Africa: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.5.5.3 UAE
9.5.5.3.1 Upcoming Strategic Events to Boost Market
9.5.5.3.2 UAE: Basalt Fiber Market, by End-Use Industry
Table 214 UAE: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 215 UAE: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 216 UAE: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 217 UAE: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.5.5.4 Rest of Middle East & Africa
9.5.5.4.1 Rest of Middle East & Africa: Basalt Fiber Market, by End-Use Industry
Table 218 Rest of Middle East & Africa: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 219 Rest of Middle East & Africa: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 220 Rest of Middle East & Africa: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 221 Rest of Middle East & Africa: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand) 166
9.6 Latin America
9.6.1 Recession Impact on Latin America
9.6.2 Latin America: Basalt Fiber Market, by Form
Table 222 Latin America: Basalt Fiber Market, by Form, 2018-2022 (Ton)
Table 223 Latin America: Basalt Fiber Market, by Form, 2018-2022 (USD Thousand)
Table 224 Latin America: Basalt Fiber Market, by Form, 2023-2028 (Ton)
Table 225 Latin America: Basalt Fiber Market, by Form, 2023-2028 (USD Thousand)
9.6.3 Latin America: Basalt Fiber Market, by Usage Type
Table 226 Latin America: Basalt Fiber Market, by Usage Type, 2018-2022 (Ton)
Table 227 Latin America: Basalt Fiber Market, by Usage Type, 2018-2022 (USD Thousand)
Table 228 Latin America: Basalt Fiber Market, by Usage Type, 2023-2028 (Ton)
Table 229 Latin America: Basalt Fiber Market, by Usage Type, 2023-2028 (USD Thousand)
9.6.4 Latin America: Basalt Fiber Market, by End-Use Industry
Table 230 Latin America: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 231 Latin America: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 232 Latin America: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 233 Latin America: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.6.5 Latin America: Basalt Fiber Market, by Country
Table 234 Latin America: Basalt Fiber Market, by Country, 2018-2022 (Ton)
Table 235 Latin America: Basalt Fiber Market, by Country, 2018-2022 (USD Thousand)
Table 236 Latin America: Basalt Fiber Market, by Country, 2023-2028 (Ton)
Table 237 Latin America: Basalt Fiber Market, by Country, 2023-2028 (USD Thousand)
9.6.5.1 Brazil
9.6.5.1.1 Transition Toward Renewable Wind Energy to Drive Market
9.6.5.1.2 Brazil: Basalt Fiber Market, by End-Use Industry
Table 238 Brazil: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 239 Brazil: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 240 Brazil: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 241 Brazil: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.6.5.2 Mexico
9.6.5.2.1 Expansion of Wind Energy Sector to Boost Market
9.6.5.2.2 Mexico: Basalt Fiber Market, by End-Use Industry
Table 242 Mexico: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 243 Mexico: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 244 Mexico: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 245 Mexico: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)
9.6.5.3 Rest of Latin America
9.6.5.3.1 Rest of Latin America: Basalt Fiber Market, by End-Use Industry
Table 246 Rest of Latin America: Basalt Fiber Market, by End-Use Industry, 2018-2022 (Ton)
Table 247 Rest of Latin America: Basalt Fiber Market, by End-Use Industry, 2018-2022 (USD Thousand)
Table 248 Rest of Latin America: Basalt Fiber Market, by End-Use Industry, 2023-2028 (Ton)
Table 249 Rest of Latin America: Basalt Fiber Market, by End-Use Industry, 2023-2028 (USD Thousand)

10 Competitive Landscape
10.1 Introduction
10.2 Key Players’ Strategies/Right to Win
Table 250 Strategies Adopted by Basalt Fiber Manufacturers
10.3 Revenue Analysis of Top Market Players
Figure 37 Revenue Analysis
10.4 Market Share Analysis
Figure 38 Shares of Top Companies in Basalt Fiber Market
Table 251 Degree of Competition: Basalt Fiber Market
10.5 Company Evaluation Matrix
10.5.1 Stars
10.5.2 Pervasive Players
10.5.3 Emerging Leaders
10.5.4 Participants
Figure 39 Basalt Fiber Market: Company Evaluation Matrix, 2022
10.5.5 Company Footprint
Table 252 Company Product Footprint
Table 253 Company End-Use Industry Footprint
Table 254 Company Region Footprint
10.6 Start-Up/Sme Evaluation Matrix
10.6.1 Progressive Companies
10.6.2 Responsive Companies
10.6.3 Dynamic Companies
10.6.4 Starting Blocks
Figure 40 Basalt Fiber Market: Small and Medium-Sized Enterprises Mapping, 2022
10.6.5 Competitive Benchmarking of Key Start-Ups/Smes
Table 255 Basalt Fiber Market: Key Start-Ups/Smes
Table 256 Basalt Fiber Market: Competitive Benchmarking of Key Start-Ups/Smes
10.7 Competitive Scenario and Trends
Table 257 Basalt Fiber Market: Product Launches/Developments, 2018-2023
Table 258 Basalt Fiber Market: Deals, 2018-2023

11 Company Profiles
11.1 Key Companies
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View)*
11.1.1 Kamenny Vek
Table 259 Kamenny Vek: Company Overview
Table 260 Kamenny Vek: Products/Solutions/Services Offered
Table 261 Kamenny Vek: Product Launches
11.1.2 Zhejiang Shijin Basalt Fiber Co., Ltd. (Gbf)
Table 262 Zhejiang Shijin Basalt Fiber Co., Ltd. (Gbf): Company Overview
Table 263 Zhejiang Shijin Basalt Fiber Co., Ltd. (Gbf): Products/Solutions/Services Offered
Table 264 Zhejiang Shijin Basalt Fiber Co., Ltd. (Gbf): Product Launches
Table 265 Zhejiang Shijin Basalt Fiber Co., Ltd. (Gbf): Deals
11.1.3 Mafic
Table 266 Mafic: Company Overview
Table 267 Mafic: Products/Solutions/Services Offered
11.1.4 Technobasalt Invest
Table 268 Technobasalt Invest: Company Overview
Table 269 Technobasalt Invest: Products/Solutions/Services Offered
11.1.5 Isomatex
Table 270 Isomatex: Company Overview
Table 271 Isomatex: Products/Solutions/Services Offered
11.1.6 Incotelogy GmbH
Table 272 Incotelogy GmbH: Company Overview
Table 273 Incotelogy GmbH: Products/Solutions/Services Offered
11.1.7 Sudaglass Fiber Technology
Table 274 Sudaglass Fiber Technology: Company Overview
Table 275 Sudaglass Fiber Technology: Products/Solutions/Services Offered
11.1.8 Basalt Fiber Tech
Table 276 Basalt Fiber Tech: Company Overview
Table 277 Basalt Fiber Tech: Products/Solutions/Services Offered
11.1.9 Basaltex
Table 278 Basaltex: Company Overview
Table 279 Basaltex: Products/Solutions/Services Offered
11.1.10 Jiangsu Tianlong Continuous Basalt Fiber Co., Ltd.
Table 280 Jiangsu Tianlong Continuous Basalt Fiber Co., Ltd.: Company Overview
Table 281 Jiangsu Tianlong Continuous Basalt Fiber Co., Ltd.: Products/Solutions/Services Offered
11.1.11 Armbas
Table 282 Armbas: Company Overview
Table 283 Armbas: Products/Solutions/Services Offered
11.1.12 Deutsche Basalt Faser GmbH
Table 284 Deutsche Basalt Faser GmbH: Company Overview
Table 285 Deutsche Basalt Faser GmbH: Products/Solutions/Services Offered
11.1.13 Basalt Engineering, LLC
Table 286 Basalt Engineering, LLC: Company Overview
Table 287 Basalt Engineering, LLC: Products/Solutions/Services Offered
11.1.14 Final Advanced Materials
Table 288 Final Advanced Materials: Company Overview
Table 289 Final Advanced Materials: Products/Solutions/Services Offered
11.2 Other Players
11.2.1 Bastech
Table 290 Bastech: Company Overview
11.2.2 Sichuan Aerospace Tuoxin Basalt Industrial Co., Ltd.
Table 291 Sichuan Aerospace Tuoxin Basalt Industrial Co., Ltd.: Company Overview
11.2.3 Asa.Tec GmbH
Table 292 Asa.Tec GmbH: Company Overview
11.2.4 Fiberbas Construction and Building Technologies
Table 293 Fiberbas Construction and Building Technologies: Company Overview
11.2.5 Sichuan Jumeisheng New Material Technology Co., Ltd.
Table 294 Sichuan Jumeisheng New Material Technology Co., Ltd.: Company Overview
11.2.6 Zhengzhou Auron Basalt Fiber Co., Ltd.
Table 295 Zhengzhou Auron Basalt Fiber Co., Ltd.: Company Overview
11.2.7 Ningbo Kaxite Sealing Materials Co., Ltd.
Table 296 Ningbo Kaxite Sealing Materials Co., Ltd.: Company Overview
11.2.8 Armofib Ltd
Table 297 Armofib Ltd: Company Overview
11.2.9 Jilin Tongxin Basalt Technology Co., Ltd.
Table 298 Jilin Tongxin Basalt Technology Co., Ltd.: Company Overview
11.2.10 Nanyang Invech Group
Table 299 Nanyang Invech Group: Company Overview
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Discussion Guide
12.2 Knowledgestore: The Subscription Portal
12.3 Customization Options

Executive Summary

Companies Mentioned

  • Kamenny Vek (Russia)
  • Zhejiang GBF Basalt Fiber Co. (China)
  • JFE RockFiber Corp. (Japan), 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)

Methodology

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Table Information

Report AttributeDetails
No. of Pages233
PublishedOctober 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 279 Million
Forecasted Market Value ( USD ) by 2028 $ 503 Million
Compound Annual Growth Rate12.5%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Basalt Fiber Market

Basalt Fiber is a type of composite material made from volcanic rock. It is a continuous fiber produced through melting and extrusion of basalt rocks. Basalt Fiber is used in a variety of applications, including automotive, aerospace, and construction. It is known for its high strength-to-weight ratio, excellent thermal and electrical insulation, and resistance to corrosion and abrasion. Basalt Fiber is becoming increasingly popular in the composites industry due to its low cost and environmental friendliness. It is also being used in the production of high-performance composites, such as those used in the aerospace and automotive industries. Additionally, Basalt Fiber is being used in the production of lightweight and durable materials for the construction industry. Some companies in the Basalt Fiber market include Basalt Fiber Tech, Basalt Fiber Solutions, Basalt Fiber Systems, Basalt Fiber Technologies, and Basalt Fiber Industries. Show Less Read more

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