Basalt Fiber Market: Global Industry Outlook, Size (US$ 565.7 Million), Share, Growth (CAGR of 10.7%), Top Companies Analysis, Report 2022-2027

According to IMARC Group's latest report, titled "𝐁𝐚𝐬𝐚𝐥𝐭 𝐅𝐢𝐛𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕," the global basalt fiber market size reached US$ 300.8 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 565.7 Million by 2027, exhibiting a growth rate (CAGR) of 10.7% during 2022-2027.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021

Historical Period: 2016-2021

Forecast Period: 2022-2027

𝐁𝐚𝐬𝐚𝐥𝐭 𝐅𝐢𝐛𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The global basalt fiber market is primarily driven by rising product usage as an alternative to glass fiber-based composites in civil engineering applications, such as wind energy, electrical & electronics, and construction & infrastructure. Basalt fiber is also witnessing significant demand across the heat insulation industry for sound absorption, which, in turn, is accelerating the market growth. Besides this, the rising demand for environmentally friendly and recyclable materials due to stringent government rules and regulations is positively supporting the market growth. Other factors, such as the widespread adoption of discrete basalt fiber as an effective substitute for steel to manufacture lightweight aircraft and automobile components and rapid industrialization, are creating a positive outlook for the market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐠𝐞𝐭 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐨𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/basalt-fiber-market/requestsample

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐖𝐢𝐭𝐡 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The competitive landscape of the basalt fiber market has been studied in the report with the detailed profiles of the key players operating in the market.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞𝐬𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• 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
• Zhejiang Hengdian Imp. & Exp. Co. Ltd.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

Basalt fiber is obtained from the pultrusion of volcanic rocks, melted in blast furnaces. It is a naturally occurring complex alumina/silica oxide basalt rock that is similar to glass in composition and used as an asbestos replacement. The fiber is processed through the vacuum infusion, prepreg process, and compression/resin molding to obtain continuous or discrete basalt fiber. The compound exhibits high chemical and ultraviolet (UV) radiation resistance, tensile strength, and durability. In addition, basalt fiber is superior to glass fibers in terms of temperature performance and thermal, physicomechanical, and mechanical properties. Currently, the fiber is commonly available in filament and nonwoven forms.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has segmented the global basalt fiber market based on product, type, form, method, end use industry and region.

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
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐅𝐫𝐞𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/request?type=report&id=2618&flag=C

Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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