Press release
Basalt Fiber Market on Track to Hit US$ 392.1 Million by 2034, Fueled by 12.4% CAGR
Get Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=1312
Basalt Fiber Market Dynamics
The basalt fiber market has been witnessing significant growth owing to its superior properties and increasing applications across various industries. Basalt fiber, derived from the natural volcanic rock basalt, offers exceptional strength, durability, and resistance to corrosion and chemicals. These properties make it an ideal material for applications in construction, automotive, aerospace, and sporting goods industries. The growing demand for lightweight and high-performance materials, coupled with increasing infrastructure development activities, is driving the market growth. Additionally, the rising focus on sustainable and eco-friendly materials is further boosting the adoption of basalt fibers.
Market Future Outlook
The future outlook for the basalt fiber market (현무암 섬유 시장) appears promising, with sustained growth expected in the coming years. Technological advancements in manufacturing processes are anticipated to enhance the quality and efficiency of basalt fiber production, thereby expanding its application areas. Moreover, the increasing investments in research and development activities aimed at exploring new applications and improving product performance will contribute to market expansion. Emerging economies, particularly in Asia-Pacific and Latin America, are likely to offer lucrative opportunities for market players due to rapid industrialization and infrastructure development initiatives.
Market Insights
The basalt fiber market is characterized by a diverse range of applications across multiple industries. In the construction sector, basalt fibers are extensively used for reinforcing concrete structures, owing to their high tensile strength and resistance to corrosion. Similarly, in the automotive industry, basalt fibers find applications in the manufacturing of lightweight components such as body panels and interior parts, contributing to fuel efficiency and vehicle performance. Furthermore, the aerospace and defense sectors utilize basalt fibers for manufacturing aircraft components and ballistic protection materials due to their exceptional mechanical properties.
Key Players
Zhejiang GBF Basalt Fiber Co., Ltd (GBF)
TECHNOBASALT-INVEST LLC
Shanxi Basalt Fibre Technology Co., Ltd.
BASALTEX NV
Sudaglass Fiber Technology
Isomatex SA
Mafic SA
Kamenny Vek
Shanxi Basalt Fiber Technology Co., Ltd.
Competitive Landscape
To gain a competitive edge, players in the market are focusing on managing supply chain systems and offering quality products. They are also adopting new product development as a key strategy to expand their market presence. Additionally, companies are engaging in mergers, acquisitions, collaborations, and partnerships to expand their footprint in untapped markets.
Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=1312
Kamenny Vek expanded its product line in April 2021 with the launch of new products, including basalt assembled roving 18 microns 4800 tex, basalt assembled roving 18 microns 3000 tex, and basalt direct roving 22 microns 2400 tex.
Mafic USA commenced operations in July 2020 in Shelby, North Carolina, establishing a significant production facility for basalt fiber. This move is expected to help the company meet the specific requirements of its consumer base.
Segmentation of Basalt Fiber Market (marché de la fibre de basalte) Research
By Product Type :
Roving
Chopped Strands
Fabric
Mesh & Grids
By Usage :
Composites
Non-composites
By End-use Industry :
Building & Construction
Automotive
Aerospace & Defense
Ship Building
Wind Energy
Sport Accessories & Others
By Region :
North America
Europe
East Asia
Latin America
Middle East & Africa
South Asia & Oceania
Contact:
US Sales Office
11140 Rockville Pike
Suite 400 Rockville, MD 20852
United States Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: sales@factmr.com
About Fact.MR :
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Basalt Fiber Market on Track to Hit US$ 392.1 Million by 2034, Fueled by 12.4% CAGR here
News-ID: 3456257 • Views: …
More Releases from Fact.MR
Liquid Biopsy Market to Hit USD 24.70 Billion by 2033 | Key Players Covered: Bio …
The global liquid biopsy market size is estimated at US$ 4.72 billion in 2023 and is forecasted to expand rapidly at a CAGR of 18% to reach a valuation of US$ 24.70 billion by 2033, according to a newly released market study of liquid biopsy by Fact.MR, a market research and competitive intelligence provider. This growth is driven by the increasing demand for non-invasive cancer diagnostics, advancements in next-generation sequencing…
Artificial Kidney Market is Growing at a CAGR of 13% by 2033 | Key Players: Kawa …
Artificial Kidney Market is valued at USD 1.5 billion in 2023 and is projected to surge ahead at a CAGR of 13% to reach a market size of USD 5.3 billion by the end of 2033. This robust growth is driven by the increasing prevalence of chronic kidney disease (CKD) and end-stage renal disease (ESRD), affecting millions worldwide, and the limitations of current dialysis treatments. Artificial kidneys, including wearable and…
Artificial Intelligence (AI) in Retail Market is Projected to Reach USD 138.3 Bi …
The global artificial intelligence (AI) in retail market is forecast to reach USD 138.3 billion by 2035, up from USD 9.8 billion in 2025. During the forecast period, the industry is projected to register at a CAGR of 30.3%. AI-driven personalization enhances customer engagement through tailored recommendations and experiences. AI-powered demand forecasting optimizes inventory management and reduces operational inefficiencies. This rapid expansion is fueled by the increasing adoption of AI…
Mining Automation Market is Expected to Reach USD 8.4 Billion by 2035 | Fact.MR …
The global mining automation market is forecast to reach USD 8.4 billion by 2035, up from USD 4.5 billion in 2025. During the forecast period, the industry is projected to register at a CAGR of 6.4%. This growth is driven by the increasing demand for minerals, the need for sustainable and low-emission operations, labor shortages, and enhanced safety in hazardous environments. Technological advancements in AI, IoT, robotics, and digital twins…
More Releases for Basalt
Basalt Fiber Market Outlook and Future Projections for 2032 | United Basalt Prod …
HTF MI just released the Global Basalt Fiber Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
𝐌𝐚𝐣𝐨𝐫 Giants in Basalt Fiber Market are:
Kamenny Vek, Basaltex, Mafic, Technobasalt,…
Basalt Fiber Market Untapped Growth Opportunities by Key Players- Kamenny Vek, R …
According to HTF Market Intelligence, the Basalt Fiber market to witness a CAGR of 12.5% during the forecast period (2024-2030).The Latest published a market study on Global Basalt Fiber Market provides an overview of the current market dynamics in the Global Basalt Fiber space, as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in 2030. The study breaks the market by revenue and…
11.8% Growth Rate for Basalt Fiber Market by 2024 | KamennyVek, KamennyVek, Zhej …
ReportsnReports always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the global Basalt Fiber Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.
The Basalt Fiber Market size is estimated to be US$ 227 Million…
Basalt Fiber Market worth $397 million by 2024 | Key Players include Kamenny Vek …
According to recent market research "Basalt Fiber Market by Form (Continuous and Discrete), End-Use Industry (Construction & Infrastructure, Automotive & Transportation, Electrical & Electronics, Marine), Usage (Composites, Non-Composites), and Region - Global Forecast to 2024", The basalt fiber market is expected to grow from USD 227 million in 2019 to USD 397 million by 2024, at a CAGR of 11.8% during the forecast period.
The market is witnessing a significant growth…
Global Basalt Fiber Market - TECHNOBASALT, BASALTEX NV, Sudaglass Fiber Technolo …
A New fresh research report presented by KD Market Insights provides a detailed analysis of “Basalt Fiber Market: Size, Trends & Opportunity Outlook – Forecast to 2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. It also presents the overview of industry players, advantages, challenges the business is going through. The research provides…
Global Basalt Fiber Market - TECHNOBASALT, BASALTEX NV, Sudaglass Fiber Technolo …
The basalt fiber is a fiber which is made from the extremely fine fiber of basalt and is cheaper from carbon fiber. According to the KD market Insights, the market is going to achieve CAGR of 15.6% during the forecasted period of 6 years i.e. 2018-2023. The market is going to grow in upcoming years because of its demand in several areas like aerospace and automotive industries. They are the…
