Market Overview:
The global basalt fiber market grew at a CAGR of 11.40% during 2015-2020. Basalt fiber refers to a form of fiber-reinforced polymer manufactured using extremely fine fibers of basalt and minerals such as pyroxene, plagioclase and olivine. It is usually processed through pultrusion, prepreg process, compression/resin molding and vacuum infusion to obtain continuous or discrete basalt fiber. These fibers are further processed to manufacture fireproof automobile and aerospace textiles, filament winding of pipes, tanks and cylinders, reinforced plastics, geogrids, tunnels and refractory bricks. In comparison to the traditionally used glass-fiber, basalt fiber exhibits superior thermal protection, durability, tensile strength, resistance to chemicals and ultraviolet (UV) radiations, low hygroscopic quotient and high adhesive capabilities.
Rapid industrialization, along with the extensive infrastructural developments across the globe, is one of the key factors driving the growth of the market. Governments of both the developing and emerging economies are using basalt fibers for commercial, residential and industrial constructions due to its high cost-effectiveness and non-corrosive properties. Furthermore, widespread adoption of discrete basalt fiber is also driving the market growth. It is extensively used as an effective substitute for steel and other fiber reinforcements to manufacture light-weight automobile and aircraft components. In line with this, rising environmental consciousness among the masses has led to an increasing preference for recyclable and eco-friendly basalt fiber, which, in turn, is creating a positive outlook for the market. Additionally, various product innovations, such as the development of basalt fiber reinforced plastic (BFRP), are acting as other growth-inducing factors. BFRP provides additional support to infrastructural constructions and minimizes the damage caused by corrosion. Other factors, including the implementation of favorable government policies to lower carbon footprints, along with extensive research and development (R&D) activities, are anticipated to drive the market further. Looking forward, IMARC Group expects the global basalt fiber market to exhibit strong growth during the next five years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global basalt fiber market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product, type, form, method and end use industry.
Breakup by Product:
- Rebar
- Fabric
- Roving
- Chopped Strands
- Mesh and Grids
- Others
Breakup by Type:
- Composites
- Non-Composites
Breakup by Form:
Breakup by Method:
- Pultrusion
- Prepregs
- Compression Moulding
- Hand Layup
- Resin Moulding
- Vacuum Infusion
- Spray Gun
- Filament Winding
- Others
Breakup by End Use Industry:
- Automotive and Transportation
- Construction and Infrastructure
- Electrical and Electronics
- Wind Energy
- Marines
- Others
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ASA.TEC GmbH, Basaltex NV, INCOTELOGY GmbH, Isomatex, Kamenny Vek, Mafic, Shanxi Basalt Fiber Technology Co. Ltd, sjn AG Suchmaschine der Technik, Sudaglass Fiber Technology, Technobasalt-Invest LLC and Zhejiang Hengdian Imp.&Exp. Co. Ltd.
Key Questions Answered in This Report:
- How has the global Mafic basalt fiber market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global basalt fiber market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the method?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global basalt fiber market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Basalt Fiber Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Rebar
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Fabric
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Roving
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Chopped Strands
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Mesh and Grids
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Type
7.1 Composites
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Non-Composites
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Form
8.1 Continuous
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Discrete
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Method
9.1 Pultrusion
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Prepregs
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Compression Moulding
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Hand Layup
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Resin Moulding
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Vacuum Infusion
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Spray Gun
9.7.1 Market Trends
9.7.2 Market Forecast
9.8 Filament Winding
9.8.1 Market Trends
9.8.2 Market Forecast
9.9 Others
9.9.1 Market Trends
9.9.2 Market Forecast
10 Market Breakup by End Use Industry
10.1 Automotive and Transportation
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Construction and Infrastructure
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Electrical and Electronics
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Wind Energy
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Marines
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Others
10.6.1 Market Trends
10.6.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 ASA.TEC GmbH
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.2 Basaltex NV
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.3 INCOTELOGY GmbH
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.4 Isomatex
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Kamenny Vek
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Mafic
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Shanxi Basalt Fiber Technology Co. Ltd.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 sjn AG Suchmaschine der Technik
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.9 Sudaglass Fiber Technology
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Technobasalt-Invest LLC
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Zhejiang Hengdian Imp. & Exp. Co. Ltd.
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Basalt Fiber Market: Major Drivers and Challenges
Figure 2: Global: Basalt Fiber Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Basalt Fiber Market: Breakup by Product (in %), 2020
Figure 4: Global: Basalt Fiber Market: Breakup by Type (in %), 2020
Figure 5: Global: Basalt Fiber Market: Breakup by Form (in %), 2020
Figure 6: Global: Basalt Fiber Market: Breakup by Method (in %), 2020
Figure 7: Global: Basalt Fiber Market: Breakup by End Use Industry (in %), 2020
Figure 8: Global: Basalt Fiber Market: Breakup by Region (in %), 2020
Figure 9: Global: Basalt Fiber Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 10: Global: Basalt Fiber (Rebar) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Basalt Fiber (Rebar) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Basalt Fiber (Fabric) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Basalt Fiber (Fabric) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Basalt Fiber (Roving) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Basalt Fiber (Roving) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Basalt Fiber (Chopped Strands) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Basalt Fiber (Chopped Strands) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Basalt Fiber (Mesh and Grids) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Basalt Fiber (Mesh and Grids) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Basalt Fiber (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Basalt Fiber (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Basalt Fiber (Composites) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Basalt Fiber (Composites) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Basalt Fiber (Non-Composites) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Basalt Fiber (Non-Composites) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Basalt Fiber (Continuous) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Basalt Fiber (Continuous) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Basalt Fiber (Discrete) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Basalt Fiber (Discrete) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Basalt Fiber (Pultrusion) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Basalt Fiber (Pultrusion) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Basalt Fiber (Prepregs) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Basalt Fiber (Prepregs) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Basalt Fiber (Compression Moulding) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Basalt Fiber (Compression Moulding) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Basalt Fiber (Hand Layup) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Basalt Fiber (Hand Layup) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Basalt Fiber (Resin Moulding) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Basalt Fiber (Resin Moulding) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Basalt Fiber (Vacuum Infusion) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Basalt Fiber (Vacuum Infusion) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Basalt Fiber (Spray Gun) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Global: Basalt Fiber (Spray Gun) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Global: Basalt Fiber (Filament Winding) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Global: Basalt Fiber (Filament Winding) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Global: Basalt Fiber (Other Methods) Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Global: Basalt Fiber (Other Methods) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Global: Basalt Fiber (Automotive and Transportation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Global: Basalt Fiber (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Global: Basalt Fiber (Construction and Infrastructure) Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Global: Basalt Fiber (Construction and Infrastructure) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Global: Basalt Fiber (Electrical and Electronics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Global: Basalt Fiber (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Global: Basalt Fiber (Wind Energy) Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Global: Basalt Fiber (Wind Energy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Global: Basalt Fiber (Marines) Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Global: Basalt Fiber (Marines) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Global: Basalt Fiber (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Global: Basalt Fiber (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: North America: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: North America: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: United States: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: United States: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Canada: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Canada: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Asia Pacific: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Asia Pacific: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: China: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: China: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Japan: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Japan: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: India: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: India: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: South Korea: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: South Korea: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Australia: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Australia: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Indonesia: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Indonesia: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Others: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Others: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Europe: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Europe: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Germany: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Germany: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: France: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: France: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: United Kingdom: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: United Kingdom: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 90: Italy: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 91: Italy: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 92: Spain: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 93: Spain: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 94: Russia: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 95: Russia: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 96: Others: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 97: Others: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 98: Latin America: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 99: Latin America: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 100: Brazil: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 101: Brazil: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 102: Mexico: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 103: Mexico: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 104: Others: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 105: Others: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 106: Middle East and Africa: Basalt Fiber Market: Sales Value (in Million US$), 2015 & 2020
Figure 107: Middle East and Africa: Basalt Fiber Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 108: Global: Basalt Fiber Industry: SWOT Analysis
Figure 109: Global: Basalt Fiber Industry: Value Chain Analysis
Figure 110: Global: Basalt Fiber Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Basalt Fiber Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Basalt Fiber Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 3: Global: Basalt Fiber Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 4: Global: Basalt Fiber Market Forecast: Breakup by Form (in Million US$), 2021-2026
Table 5: Global: Basalt Fiber Market Forecast: Breakup by Method (in Million US$), 2021-2026
Table 6: Global: Basalt Fiber Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 7: Global: Basalt Fiber Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Basalt Fiber Market Structure
Table 9: Global: Basalt Fiber Market: Key Players