Global Basalt Fiber Market Research Report 2023(Status and Outlook)

Global Basalt Fiber Market Research Report 2023(Status and Outlook)

Report Overview

Basalt Fiber is a material made from extremely fine fibres of basalt, which is composed of the minerals plagioclase, pyroxene, and olivine. It is similar to carbon fibre and fibreglass, having better physic mechanical properties than fibreglass, but being significantly cheaper than carbon fibre. It is used as a fireproof textile in the aerospace and automotive industries and can also be used as a composite to produce products such as camera tripods.

Basalt Fiber is made from a single material, crushed basalt, from a carefully chosen quarry source and unlike other materials such as glass fibre, essentially no materials are added. The basalt is simply washed and then melted.

Global Basalt Fiber key players include Aerospace Tuoxin, Kamenny Vek, Mafic, Sudaglass, Zhejiang GBF, etc. Global top five manufacturers hold a share about 60%.

China is the largest market, with a share over 40%, followed by Russia and Ukraine, both have a share over 45%.

In terms of product, Basalt Chopped Fiber is the largest segment, with a share over 65%. And in terms of application, the largest application is Road and building Construction, followed by Military, Automotive, etc.

The Global Basalt Fiber Market Size was estimated at USD 55 million in 2022 and is projected to reach USD 91.25 million by 2029, exhibiting a CAGR of 7.50% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Basalt Fiber market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Basalt Fiber Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Basalt Fiber market in any manner.

Global Basalt Fiber Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Kamenny Vek

Technobasalt-Invest

Sudaglass

Mafic

Zaomineral

Aerospace Tuoxin

Shanxi Basalt Fiber

GMV

Jiangsu Tianlong

Tongxin

Jilin Jiuxin

Zhejiang GBF

Market Segmentation (by Type)

Basalt Chopped Fiber

Basalt Continuous Fiber

Market Segmentation (by Application)

Home Use

Commercial Use

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Basalt Fiber Market

Overview of the regional outlook of the Basalt Fiber Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors