Quick Summary:
In the rapidly evolving and technologically advanced age we are living in, the awareness and understanding of emerging markets becomes crucial. The Global Basalt Fiber Market report promises said awareness, laying the path for proactive decision-making and strategic planning. Estimated at USD 341.9 Million in 2022, the Basalt Fiber Market is projected to amass USD 869.7 Million by the year 2030, presenting substantial growth opportunities for investors and stakeholders alike. The report segments this projection into composites and non-composites, providing an in-depth understanding of each area's growth trajectory over an 8-year period.
The geographical coverage in our report extends from the U.S., with an estimated market size of $93.1 million, to the world’s second largest economy, China, projected to reach $201.9 million by 2030. Our report ensures you don't miss any noteworthy markets, highlighting growth corners such as Japan, Canada and Germany. Offering robust competitor analysis of 37 featured firms, we deliver an insight into global competitiveness and market shares, enhancing your understanding of the global basalt fiber landscape. Special features like online peer-to-peer collaborative bespoke updates, access to digital archives, and complimentary updates for one year, add high-level value for decision-makers seeking to excel.
Global Basalt Fiber Market to Reach $869.7 Million by 2030
The global market for Basalt Fiber estimated at US$341.9 Million in the year 2022, is projected to reach a revised size of US$869.7 Million by 2030, growing at a CAGR of 12.4% over the analysis period 2022-2030. Composites, one of the segments analyzed in the report, is projected to record 13.4% CAGR and reach US$599.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Non-Composites segment is readjusted to a revised 10.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $93.1 Million, While China is Forecast to Grow at 17% CAGR
The Basalt Fiber market in the U.S. is estimated at US$93.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$201.9 Million by the year 2030 trailing a CAGR of 17% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 10.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.3% CAGR.Select Competitors (Total 37 Featured) -
- ASA. Tec GmbH
- Basalt Technology UK Limited
- Fiberbas Construction and Building Technologies
- INCOTELOGY GmbH
- ISOMATEX S.A.
- Jiangsu Green Materials Vally New Material T&D Co., LTD (GMV)
- Jilin Province Huayang New Composite Material Co., LTD
- Kamenny VEK
- Liaoning Jinshi Technology Group Co., LTD
- Mafic SA
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Basalt Fiber?
What is the growth rate of the Global Market for Basalt Fiber?
What is the forecasted size of the Global Market for Basalt Fiber?
Who are the key companies in the Global Market for Basalt Fiber?
| Report Attribute | Details |
|---|---|
| No. of Pages | 93 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 341.9 Million |
| Forecasted Market Value ( USD | $ 869.7 Million |
| Compound Annual Growth Rate | 12.4% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- ASA. Tec GmbH
- Basalt Technology UK Limited
- Fiberbas Construction and Building Technologies
- INCOTELOGY GmbH
- ISOMATEX S.A.
- Jiangsu Green Materials Vally New Material T&D Co., LTD (GMV)
- Jilin Province Huayang New Composite Material Co., LTD
- Kamenny VEK
- Liaoning Jinshi Technology Group Co., LTD
- Mafic SA
