Basalt Fiber Market Forecast to Expand at 14.7% CAGR Through 2031, Reaching USD 1,120 Million | Construction and Automotive Demand Drive Growth

The Global Basalt Fiber Market reached US$ 375 million in 2023 and is projected to reach US$ 1,120 million by 2031, growing at a CAGR of 14.7% during the forecast period 2024-2031. The market is expanding steadily as basalt fiber gains traction as a cost-effective, high-performance alternative to carbon and glass fibers across multiple industries.

Growth is driven by increasing adoption in construction, automotive, aerospace, wind energy, and marine applications due to basalt fiber's superior mechanical strength, corrosion resistance, thermal stability, and environmental sustainability. Rising infrastructure development, demand for lightweight and durable composite materials, and growing emphasis on eco-friendly reinforcement solutions are expected to further accelerate the growth of the basalt fiber market globally.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://www.datamintelligence.com/download-sample/basalt-fiber-market?sai-v

The Basalt Fiber Market is the sector that produces and supplies fibers made from basalt rock, used as high-performance reinforcement materials in construction, automotive, aerospace, and industrial applications.

Key Developments
✅ December 2025: Construction and infrastructure projects increased adoption of basalt fiber reinforcements to improve structural durability, corrosion resistance, and lifecycle performance.

✅ October 2025: Manufacturers advanced continuous basalt fiber production technologies to enhance fiber consistency, tensile strength, and scalability for industrial applications.

✅ August 2025: Automotive and transportation sectors expanded use of basalt fiber composites to reduce vehicle weight while maintaining high thermal and mechanical stability.

✅ June 2025: Rising demand for eco-friendly and recyclable materials boosted interest in basalt fiber as a sustainable alternative to glass and carbon fibers.

✅ March 2025: Research institutions and material suppliers focused on improving surface treatments and resin compatibility to broaden basalt fiber applications in composites.

Mergers & Acquisitions / Strategic Moves
✅ December 2025: A global advanced materials company acquired a basalt fiber producer to strengthen its portfolio of high-performance and sustainable reinforcement materials.

✅ October 2025: Strategic partnerships were formed between basalt fiber manufacturers and construction firms to support large-scale infrastructure and civil engineering projects.

✅ August 2025: Composite material companies collaborated with basalt fiber suppliers to develop next-generation hybrid composite solutions.

✅ June 2025: Regional basalt fiber manufacturers expanded production capacity through joint ventures to meet growing demand across industrial and construction markets.

✅ March 2025: Industry players entered technical collaborations with research organizations to accelerate innovation in basalt fiber processing and applications.

Key Players
Kamenny Vek | MAFIC | Technobasalt-Invest | INCOTELOGY GmbH | Sudaglass Fiber | Permali Gloucester Ltd. | GMV | Jilin Huayang Group Co., Ltd. | ARMBAS | Arrow Technical Textiles Pvt. Ltd.

Key Highlights
Kamenny Vek - 17.6%: Leads the market with large-scale basalt fiber production, strong export capabilities, and wide use in construction and industrial composites.

MAFIC - 15.1%: Driven by advanced basalt fiber manufacturing technology and growing adoption in infrastructure and reinforcement applications.

Technobasalt-Invest - 13.4%: Specializes in continuous basalt fiber solutions with strong penetration across civil engineering and industrial markets.

INCOTELOGY GmbH - 11.2%: Focuses on high-performance basalt fiber materials for aerospace, automotive, and advanced composite applications.

Sudaglass Fiber - 10.3%: Known for cost-effective basalt fiber products and expanding presence in insulation and fire-resistant materials.

Permali Gloucester Ltd. - 8.9%: Provides engineered composite materials using basalt fibers for high-strength and thermal-resistant applications.

GMV - 7.2%: Develops basalt-based reinforcement solutions for construction, defense, and specialty industrial uses.

Jilin Huayang Group Co., Ltd. - 6.1%: Expands market reach through integrated basalt fiber manufacturing and growing demand in Asia-Pacific regions.

ARMBAS - 5.4%: Focuses on basalt rebar and reinforcement materials for sustainable infrastructure development.

Arrow Technical Textiles Pvt. Ltd. - 4.8%: Supplies basalt fiber textiles and fabrics for industrial, insulation, and composite applications.

Purchase this report before year-end and unlock an exclusive 30% discount: https://www.datamintelligence.com/buy-now-page?report=basalt-fiber-market?sai-v
(Purchase 2 or more Reports and get 50% discount.)

Market Drivers
- Growing demand for high-performance and eco-friendly composite materials.

- Increasing use of basalt fiber in construction for reinforcement, insulation, and fire resistance.

- Rising adoption in automotive and transportation sectors for lightweight and durable components.

- Expansion of wind energy and renewable energy projects using basalt fiber composites.

- Advantages over glass fiber, including higher thermal stability and chemical resistance.

- Growing focus on sustainable and recyclable materials across industries.

- Increasing infrastructure development and modernization activities worldwide.

Industry Developments
- Expansion of basalt fiber production capacities to meet rising global demand.

- Development of advanced basalt fiber composites for structural and industrial applications.

- Growing partnerships between basalt fiber manufacturers and construction material companies.

- Introduction of cost-optimized basalt fiber products for mass-market adoption.

- Increasing R&D investment to improve fiber performance and processing technologies.

- Adoption of basalt fiber in corrosion-resistant rebar and reinforcement solutions.

- Rising use of basalt fiber in aerospace and defense niche applications.

Regional Insights
North America - 32% share: "Driven by growing adoption of sustainable construction materials, increasing infrastructure projects, and rising use of basalt fiber composites."

Europe - 31% share: "Supported by strong environmental regulations, expanding renewable energy installations, and growing demand for advanced composite materials."

Asia Pacific - 30% share: "Fueled by rapid infrastructure development, expanding construction activities, and increasing industrial adoption in China and India."

Latin America - 4% share: "Boosted by infrastructure modernization, rising construction activity, and growing awareness of basalt fiber benefits."

Middle East & Africa - 3% share: "Driven by large-scale construction projects, demand for heat- and corrosion-resistant materials, and increasing investment in infrastructure."

Speak to Our Analyst and Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/basalt-fiber-market?sai-v

Key Segments

➥ By Type
Roving: Continuous strands of fibers used primarily in composite manufacturing for high strength and structural reinforcement.

Chopped Strands: Short-length fibers offering ease of processing and uniform distribution, commonly used in injection molding and reinforcement applications.

Fabric: Woven fiber structures providing enhanced strength, durability, and flexibility, widely used in advanced composite applications.

Mesh and Grid: Fiber structures designed for reinforcement and load distribution, particularly in construction and infrastructure projects.

Mats: Non-woven fiber mats used for surface reinforcement, insulation, and corrosion resistance in composite products.

Others: Includes specialty and customized fiber forms tailored for specific industrial requirements.

➥ By Form
Continuous: Fibers supplied in long, uninterrupted lengths, offering superior mechanical strength and performance in structural applications.

Discrete: Fibers available in short or cut forms, providing ease of handling and versatility across multiple end-use applications.

➥ By Usage
Composites: Fibers used as reinforcement materials in composite products to enhance strength, stiffness, and durability.

Non-Composites: Fibers utilized in insulation, filtration, and other applications not involving composite structures.

Unlock 360° Market Intelligence with DataM Subscription Services: https://www.datamintelligence.com/reports-subscription

Power your decisions with real-time competitor tracking, strategic forecasts, and global investment insights all in one place.

✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring

Have a look at our Subscription Dashboard: https://www.youtube.com/watch?v=x5oEiqEqTWg

Contact Us -

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.