According to our (Global Info Research) latest study, the global Basalt Fibre market size was valued at USD 64 million in 2023 and is forecast to a readjusted size of USD 113.8 million by 2030 with a CAGR of 8.6% during review period.
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.
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.
The Global Info Research report includes an overview of the development of the Basalt Fibre industry chain, the market status of Building and Construction (Pure Natural Basalt Fiber, Non Pure Natural Basalt Fiber), Transportation (Pure Natural Basalt Fiber, Non Pure Natural Basalt Fiber), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Basalt Fibre.
Regionally, the report analyzes the Basalt Fibre markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Basalt Fibre market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Basalt Fibre market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Basalt Fibre industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (MT), revenue generated, and market share of different by Type (e.g., Pure Natural Basalt Fiber, Non Pure Natural Basalt Fiber).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Basalt Fibre market.
Regional Analysis: The report involves examining the Basalt Fibre market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Basalt Fibre market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Basalt Fibre:
Company Analysis: Report covers individual Basalt Fibre manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Basalt Fibre This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Building and Construction, Transportation).
Technology Analysis: Report covers specific technologies relevant to Basalt Fibre. It assesses the current state, advancements, and potential future developments in Basalt Fibre areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Basalt Fibre market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Basalt Fibre market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Pure Natural Basalt Fiber
Non Pure Natural Basalt Fiber
Market segment by Application
Building and Construction
Transportation
Electronic
Military Use
Fireproof and Heat Insulation Equipment
Dust Collection and Filtration Equipment
Others
Major players covered
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
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Basalt Fibre product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Basalt Fibre, with price, sales, revenue and global market share of Basalt Fibre from 2019 to 2024.
Chapter 3, the Basalt Fibre competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Basalt Fibre breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Basalt Fibre market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Basalt Fibre.
Chapter 14 and 15, to describe Basalt Fibre sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Basalt Fibre . Industry analysis & Market Report on Basalt Fibre is a syndicated market report, published as Global Basalt Fibre Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Basalt Fibre market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.