Global Basalt Fiber Market Growth 2023-2029

Global Basalt Fiber Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Basalt Fiber Industry Forecast” looks at past sales and reviews total world Basalt Fiber sales in 2022, providing a comprehensive analysis by region and market sector of projected Basalt Fiber sales for 2023 through 2029. With Basalt Fiber sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Basalt Fiber industry.

This Insight Report provides a comprehensive analysis of the global Basalt Fiber landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Basalt Fiber portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Basalt Fiber market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Basalt Fiber and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Basalt Fiber.

The global Basalt Fiber market size is projected to grow from US$ 61 million in 2022 to US$ 113.3 million in 2029; it is expected to grow at a CAGR of 113.3 from 2023 to 2029.

Global basalt fiber key players include Kamenny Vek, Zhengzhou Dengdian,Shanxi ECIC etc. Global top 5 manufacturers hold a share about 60%.

North America is the largest market, with a share about 40%, followed by China and Europe with a share both about 28%.

This report presents a comprehensive overview, market shares, and growth opportunities of Basalt Fiber market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Chopped Fiber

Twisted Roving

Twistless Roving

Segmentation by application

Construction

Fire Control

Automobile

Aerospace

Military

Shipbuilding

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Kamenny Vek

Technobasalt-Invest

Sudaglass

Mafic

Zaomineral

Aerospace Tuoxin

Shanxi Basai Aote Technology

GMV

Jiangsu Tianlong

Tongxin

Jilin Jiuxin

Zhejiang GBF

BASALTEX NV

Zhengzhou Dengdian

Shanxi ECIC

Sichuan Qianyi composite material Co., Ltd.

Key Questions Addressed in this Report

What is the 10-year outlook for the global Basalt Fiber market?

What factors are driving Basalt Fiber market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Basalt Fiber market opportunities vary by end market size?

How does Basalt Fiber break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.