Published On : June 2022 Pages : 190 Category: Advanced Materials Report Code : CM06945
Industry Outlook and Trend Analysis
The Basalt Fiber Market has encountered significant development in the recent years and is foreseen to grow tremendously over the forecast period. In the most recent decade, basalt fibres have developed as a strong rival in the fiber reinforcement composites. Basalt fibres are made of very fine fibres of basalt, including the minerals pyroxene, plagioclase and olivine, having preferred physicomechanical properties over fiberglass, and fundamentally inexpensive than carbon fibre. It discovers its significant application as a flame resistant material in the aviation and automotive enterprises. It also discovers its application as a composite to produce products like camera tripods.
Drivers and Restraints
Rising construction yield, rising demand for superior sealing products, tires and tire adhesive, quick development in the automotive sales in developing economies are few variables driving the development of the worldwide basalt fibre market. Accessibility of raw material, constrained number of suppliers and expanding danger from the substitutes are likely factors adversely affecting the development of the worldwide basalt fibre market.
Regional Outlook and Trend Analysis
In 2017, North America and Europe are the overwhelming locales for the worldwide basalt fibre market. U.S., Russia and Germany are the major buyers of basalt fibres. More than two-third of the aggregate basalt fibres demand originated from building & construction, automobiles and wind energy sectors. Asia-Pacific is the most dynamic market attributable to their developing business demands. The huge development of the end-client ventures, expanded number of players in the vertical portions, for example, construction and automotive applications and larger amounts of local manufacturing in the Asia-Pacific region will fundamentally help the usage of the basalt fibres.
Competitive Insights
The leading players in the market are Mafic SA, Technobasalt, Shanxi Basalt Fiber Technology Co Ltd, Zhejiang GBF Basalt Fiber Co LTD, Basaltex NV and Sudaglass Fiber Technology. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Basalt Fiber Market is segmented as follows-
By Technique:
By End User:
By Region
Some of the key questions answered by the report are:
Market Classification
· Basalt Fiber Market, By Manufacturing Technique, Estimates and Forecast, 2014-2023 ($Million)
· Centrifugal Multiroll
· Die Blowing
· Centrifugal Blowing
· Basalt Fiber Market, By End User, Estimates and Forecast, 2014-2023 ($Million)
· Automotive
· Construction
· Aerospace
· Chemical
· Basalt Fiber Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Basalt Fiber Market, By Country
o U.S. Basalt Fiber Market
o Canada Basalt Fiber Market
o Mexico Basalt Fiber Market
· Europe
§ Europe Basalt Fiber Market, By Country
o Germany Basalt Fiber Market
o UK Basalt Fiber Market
o France Basalt Fiber Market
o Russia Basalt Fiber Market
o Italy Basalt Fiber Market
o Rest of Europe Basalt Fiber Market
· Asia-Pacific
§ Asia-Pacific Basalt Fiber Market, By Country
o China Basalt Fiber Market
o Japan Basalt Fiber Market
o South Korea Basalt Fiber Market
o India Basalt Fiber Market
o Southeast Asia Basalt Fiber Market
o Rest of Asia-Pacific Basalt Fiber Market
· South America
§ South America Basalt Fiber Market
o Brazil Basalt Fiber Market
o Argentina Basalt Fiber Market
o Columbia Basalt Fiber Market
o South Africa Basalt Fiber Market
o Rest of South America Basalt Fiber Market
· Middle East and Africa
§ Middle East and Africa Basalt Fiber Market
o Saudi Arabia Basalt Fiber Market
o UAE Basalt Fiber Market
o Egypt Basalt Fiber Market
o Nigeria Basalt Fiber Market
o South Africa Basalt Fiber Market
o Rest of MEA Basalt Fiber Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Basalt Fibre Market, By Manufacturing Technique
5.1. Introduction
5.2. Global Basalt Fibre Sales, Revenue and Market Share by Manufacturing Technique (2017-2027)
5.2.1. Global Basalt Fibre Sales and Sales Share by Manufacturing Technique (2017-2027)
5.2.2. Global Basalt Fibre Revenue and Revenue Share by Manufacturing Technique (2017-2027)
5.3. Centrifugal Multiroll
5.3.1. Global Centrifugal Multiroll Sales and Growth Rate (2017-2027)
5.4. Die Blowing
5.4.1. Global Die Blowing Sales and Growth Rate (2017-2027)
5.5. Centrifugal Blowing
5.5.1. Global Centrifugal Blowing Sales and Growth Rate (2017-2027)
6. Basalt Fibre Market, By End User
6.1. Introduction
6.2. Global Basalt Fibre Sales, Revenue and Market Share by End User (2017-2027)
6.2.1. Global Basalt Fibre Sales and Sales Share by End User (2017-2027)
6.2.2. Global Basalt Fibre Revenue and Revenue Share by End User (2017-2027)
6.3. Automotive
6.3.1. Global Automotive Sales and Growth Rate (2017-2027)
6.4. Construction
6.4.1. Global Construction Sales and Growth Rate (2017-2027)
6.5. Aerospace
6.5.1. Global Aerospace Sales and Growth Rate (2017-2027)
6.6. Chemical
6.6.1. Global Chemical Sales and Growth Rate (2017-2027)
7. Basalt Fibre Market, By Region
7.1. Introduction
7.2. Global Basalt Fibre Sales, Revenue and Market Share by Regions
7.2.1. Global Basalt Fibre Sales by Regions (2017-2027)
7.2.2. Global Basalt Fibre Revenue by Regions (2017-2027)
7.3. North America Basalt Fibre by Countries
7.3.1. North America Basalt Fibre Sales and Growth Rate (2017-2027)
7.3.2. North America Basalt Fibre Revenue and Growth Rate (2017-2027)
7.3.3. North America Basalt Fibre Sales by Countries (2017-2027)
7.3.4. North America Basalt Fibre Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Basalt Fibre Sales and Growth Rate (2017-2027)
7.3.5.2. United States Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Basalt Fibre Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Basalt Fibre Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Basalt Fibre Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Basalt Fibre by Countries
7.4.1. Europe Basalt Fibre Sales and Growth Rate (2017-2027)
7.4.2. Europe Basalt Fibre Revenue and Growth Rate (2017-2027)
7.4.3. Europe Basalt Fibre Sales by Countries (2017-2027)
7.4.4. Europe Basalt Fibre Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Basalt Fibre Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Basalt Fibre Sales and Growth Rate (2017-2027)
7.4.6.2. UK Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Basalt Fibre Sales and Growth Rate (2017-2027)
7.4.7.2. France Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Basalt Fibre Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Basalt Fibre Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Basalt Fibre Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Basalt Fibre Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Basalt Fibre Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Basalt Fibre Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Basalt Fibre Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Basalt Fibre Sales and Growth Rate (2017-2027)
7.5.5.2. China Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Basalt Fibre Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Basalt Fibre Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Basalt Fibre Sales and Growth Rate (2017-2027)
7.5.8.2. India Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Basalt Fibre Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Basalt Fibre Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Basalt Fibre Sales and Growth Rate (2017-2027)
7.6.2. South America Basalt Fibre Revenue and Growth Rate (2017-2027)
7.6.3. South America Basalt Fibre Sales by Countries (2017-2027)
7.6.4. South America Basalt Fibre Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Basalt Fibre Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Basalt Fibre Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Basalt Fibre Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Basalt Fibre Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Basalt Fibre Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Basalt Fibre Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Basalt Fibre Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Basalt Fibre Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Basalt Fibre Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Basalt Fibre Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Basalt Fibre Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Basalt Fibre Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Basalt Fibre Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.10. Rest of Middle East and Africa
7.7.10.1. Rest of Middle East and Africa Basalt Fibre Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Basalt Fibre Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. BASALTEX NV
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. Technobasalt
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. Sudaglass Fiber Technology
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Mafic SA, Zhejiang GBF Basalt Fiber Co., Ltd
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. GMVChina
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. Shanxi Basalt Fiber Technology Co., Ltd.
8.6.1. Business Overview
8.6.2. Product Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. Isomatex S.A.
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. Mudanjiang Jinshi Basalt Fiber Co. Ltd
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
8.9. Zhejiang GBF Basalt Fiber Co.
8.9.1. Business Overview
8.9.2. Product Portfolio
8.9.3. Strategic Developments
8.9.4. Sales, Revenue and Market Share
8.10. Kamenny VEK
8.10.1. Business Overview
8.10.2. Product Portfolio
8.10.3. Strategic Developments
8.10.4. Sales, Revenue and Market Share
9. Global Basalt Fibre Market Competition, by Manufacturer
9.1. Global Basalt Fibre Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Basalt Fibre Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Basalt Fibre Price by Manufacturer (2017-2017)
9.4. Top 5 Basalt Fibre Manufacturer Market Share
9.5. Market Competition Trend
10. Basalt Fibre Market Forecast (2027-2023)
10.1. Global Basalt Fibre Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Basalt Fibre Market Forecast by Regions (2027-2023)
10.2.1. North America Basalt Fibre Market Forecast (2027-2023)
10.2.1.1. United States Basalt Fibre Market Forecast (2027-2023)
10.2.1.2. Canada Basalt Fibre Market Forecast (2027-2023)
10.2.1.3. Mexico Basalt Fibre Market Forecast (2027-2023)
10.2.2. Europe Basalt Fibre Market Forecast (2027-2023)
10.2.2.1. Germany Basalt Fibre Market Forecast (2027-2023)
10.2.2.2. United Kingdom Basalt Fibre Market Forecast (2027-2023)
10.2.2.3. France Basalt Fibre Market Forecast (2027-2023)
10.2.2.4. Russia Basalt Fibre Market Forecast (2027-2023)
10.2.2.5. Italy Basalt Fibre Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Basalt Fibre Market Forecast (2027-2023)
10.2.3. Asia-Pacific Basalt Fibre Market Forecast (2027-2023)
10.2.3.1. China Basalt Fibre Market Forecast (2027-2023)
10.2.3.2. Japan Basalt Fibre Market Forecast (2027-2023)
10.2.3.3. Korea Basalt Fibre Market Forecast (2027-2023)
10.2.3.4. India Basalt Fibre Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Basalt Fibre Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Basalt Fibre Market Forecast (2027-2023)
10.2.4. South America Basalt Fibre Market Forecast (2027-2023)
10.2.4.1. Brazil Basalt Fibre Market Forecast (2027-2023)
10.2.4.2. Argentina Basalt Fibre Market Forecast (2027-2023)
10.2.4.3. Columbia Basalt Fibre Market Forecast (2027-2023)
10.2.4.4. Rest of South America Basalt Fibre Market Forecast (2027-2023)
10.2.5. Middle East and Africa Basalt Fibre Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Basalt Fibre Market Forecast (2027-2023)
10.2.5.2. UAE Basalt Fibre Market Forecast (2027-2023)
10.2.5.3. Egypt Basalt Fibre Market Forecast (2027-2023)
10.2.5.4. Nigeria Basalt Fibre Market Forecast (2027-2023)
10.2.5.5. South Africa Basalt Fibre Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Basalt Fibre Market Forecast (2027-2023)
10.3. Basalt Fibre Market Forecast by Manufacturing Technique (2027-2023)
10.3.1. Global Basalt Fibre Sales Forecast by Manufacturing Technique (2027-2023)
10.3.2. Global Basalt Fibre Sales Market Share Forecast by Manufacturing Technique (2027-2023)
10.4. Basalt Fibre Market Forecast by End User (2027-2023)
10.4.1. Global Basalt Fibre Sales Forecast by End User (2027-2023)
10.4.2. Global Basalt Fibre Sales Market Share Forecast by End User (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Basalt Fibre Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
Data Collection Matrix |
Supply Side |
Demand Side |
Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
Qualitative Data |
Quantitative Data (2017-2025) |
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