Global Basalt Fibre Market Growth 2023-2029

Global Basalt Fibre 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.

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

This Insight Report provides a comprehensive analysis of the global Basalt Fibre 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 Fibre portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Basalt Fibre market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Basalt Fibre 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 Fibre.

The global Basalt Fibre 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.

Russia is the largest Basalt Fibre market with about 37% market share. China is follower, accounting for about 28% market share.

The key players are Kamenny Vek, Zhejiang GBF, Technobasalt-Invest, Sudaglass Fiber, Basaltex, Zaomineral7, Sichuan Aerospace, Liaoning Jinshi, Mudanjiang Electric, Mafic SA, Shanxi Basalt Fiber, Meltrock, GMVChina, Jiangsu Tianlong, Hebei Tonghui etc. Top 3 companies occupied about 53% market share.

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

Market Segmentation:

Segmentation by type

Pure Natural Basalt Fiber

Non Pure Natural Basalt Fiber

Segmentation by application

Building and Construction

Transportation

Electronic

Military Use

Fireproof and Heat Insulation Equipment

Dust Collection and Filtration Equipment

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

Zhejiang GBF

Technobasalt-Invest

Sudaglass Fiber

Basaltex

Zaomineral7

Sichuan Aerospace

Liaoning Jinshi

Mudanjiang Electric

Mafic SA

Shanxi Basalt Fiber

Meltrock

GMVChina

Jiangsu Tianlong

Hebei Tonghui

Key Questions Addressed in this Report

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

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

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

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

How does Basalt Fibre 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.