Basalt Fiber Market Size 2025-2029
The basalt fiber market size is forecast to increase by USD 336.6 million, at a CAGR of 13.4% between 2024 and 2029.
An increase in renewable energy projects is a primary driver for the global basalt fiber market, where high tensile strength fibers are used in wind turbine blades and other structural components. This aligns with the increasing demand for sustainable building and construction materials, where concrete fibers made from basalt enhance durability. The use of natural fiber composites market products is growing in green construction practices. This synergy between energy and construction sectors underscores the material's role in developing eco-friendly solutions, impacting the broader high performance fibers landscape and the fiberglass product market.The market's potential is tempered by the poor availability of raw materials. The difficult extraction of suitable volcanic rock for the basalt rock melting process affects the consistent supply needed for a variety of applications, from lightweight automotive components to aerospace structural parts. This raw material scarcity creates a bottleneck, impacting the continuous basalt fiber market and challenging manufacturers' ability to scale production. This issue of material sourcing is a significant consideration, influencing the competitive dynamics within the aramid fiber reinforcement materials market and the fiberglass fabrics market.
What will be the Size of the Basalt Fiber Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019 - 2023 and forecasts 2025-2029 - in the full report.
Request Free Sample
Market dynamics are shaped by the integration of high tensile strength fibers and corrosion-resistant rebar in demanding applications. The use of these materials in the continuous basalt fiber market is expanding, driven by the need for enhanced thermal insulation properties and performance in lightweight composite components. This evolution is impacting the broader fiberglass product market as industries seek advanced solutions. The development of basalt fiber reinforced polymer materials is a key area of focus, with ongoing advancements in manufacturing processes.The adoption of volcanic rock extrusion and the basalt rock melting process are central to the production of non-combustible materials and fire-resistant textiles. These processes are critical for creating chopped strand reinforcement and assembled roving manufacturing for the natural fiber composites market. The consistent quality of these products, including basalt twisted yarns and basalt fiber cloth, is essential for applications ranging from concrete reinforcement fibers to high-performance pultruded composite profiles.
How is this Basalt Fiber Industry segmented?
The basalt fiber industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.
- Application
- End-user
- Construction and infrastructure
- Automotive and transportation
- Wind energy
- Others
- Form factor
- Continuous basalt fiber
- Discrete basalt fiber
- Geography
- APAC
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- North America
- Europe
- Germany
- France
- UK
- Italy
- The Netherlands
- Spain
- South America
- Middle East and Africa
- Rest of World (ROW)
By Application Insights
The composites segment is estimated to witness significant growth during the forecast period.
Basalt fiber's inherent properties, including low thermal conductivity, high strength-to-weight ratio, and excellent fire resistance, make it a preferred material for composites. These composites are increasingly used in the construction industry as an alternative to traditional materials like steel and glass fibers. The material's use in basalt fiber reinforced polymer applications enhances the tensile strength and durability of molded products. Its application extends to specialized uses, such as in the manufacturing of lightweight and high-resistance commercial drones and armored vehicle components. The South America market, for instance, accounts for 8.17% of the growth opportunity.
The molding applications of basalt fiber composites offer significant advantages, including superior surface finish, reduced operational costs, and lower raw material wastage. The material's strong adhesion with various resins leads to higher flexural strength in finished parts. This is particularly important in manufacturing processes where faster production cycles and advanced technology adoption are key competitive factors. As industries seek to build lighter and stronger machinery and equipment, the use of basalt fiber composites, produced through methods like pultrusion and filament winding, is expected to continue its upward trend.
Request Free Sample
The Composites segment was valued at USD 174.00 million in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 45.5% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Request Free Sample
The basalt fiber market in APAC is expanding, driven by the region's rapid urbanization and rising standards of living. This has spurred significant demand in the construction sector for residential housing and large-scale infrastructure projects. Concurrently, growth in the electrical and electronics industries in countries like China and India has increased the need for high-performance insulation materials. The active participation of private sector players is boosting investment and enhancing production capabilities, positioning APAC as a key hub for both manufacturing and consumption. The Middle East and Africa region contributes 4.84% to the market's growth opportunity.
In APAC, a strong focus on industrialization and a flourishing automotive sector, particularly in China, Japan, and India, are major factors driving demand. Manufacturers in the region are leveraging advanced equipment and building strong brand awareness to capitalize on this growth. The increasing emphasis on sustainability is also a significant driver, as basalt fiber is considered a green material with a lower environmental impact. This aligns with the region's sustainability goals and supports its adoption in a wide range of applications, from construction to electronics, where its unique properties are highly valued.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global market is witnessing a surge in demand, driven by advancements in the continuous basalt fiber manufacturing process, which yields high-strength basalt fiber reinforcement for diverse industries. The construction sector, in particular, is a primary adopter, leveraging basalt fiber reinforced polymer composites for enhancing structural durability with fiber. As a key component of basalt fiber in sustainable construction, these materials are pivotal. The use of corrosion-resistant basalt fiber rebar and basalt fiber for concrete crack control is becoming standard practice for improving concrete tensile strength in modern infrastructure projects. Furthermore, the market offers excellent thermal and acoustic insulation solutions and pultruded profiles from basalt fibers. This positions basalt as one of the leading eco-friendly reinforcement materials, especially suitable for basalt fiber for high-temperature applications.Beyond infrastructure, the versatility of basalt fiber extends into advanced manufacturing sectors. The push for efficiency in the automotive industry has spurred the adoption of lightweight basalt fiber automotive components, with manufacturers focused on reducing vehicle weight with composites to meet stringent emissions standards. Similarly, the unique properties of basalt fiber composites in aerospace are being explored for non-structural and interior parts. In the renewable energy field, the material is critical for producing durable basalt fiber for wind turbine blades. The electronics industry utilizes basalt fiber for electronics substrates, while polymer manufacturers incorporate discrete basalt fiber for thermoplastics to enhance material properties. Additional niche markets include basalt fiber in marine applications, capitalizing on its corrosion resistance, and the production of basalt fiber textiles for protective gear.
What are the key market drivers leading to the rise in the adoption of Basalt Fiber Industry?
- An increase in renewable energy projects is a significant driver enhancing the growth of the global basalt fiber market.
The expansion of renewable energy initiatives is a significant factor in market development. Basalt fibers are utilized in the manufacturing of components like wind turbine blades, where lightweight and high-strength characteristics are essential for improving efficiency. These fibers also find use in supporting structures and infrastructure for solar, hydropower, and geothermal energy systems. The material's eco-friendly profile aligns with the sustainability goals of the renewable energy sector. As investments in clean energy grow, the demand for high-performance, sustainable materials such as basalt fibers is expected to continue its upward trajectory, with a notable portion of the geographic opportunity, approximately 45.54%, concentrated in a key region.There is a growing emphasis on sustainable and eco-friendly materials across multiple industries, which is another key driver. In construction, basalt fiber-reinforced materials are used to extend the lifespan of structures like bridges and buildings. The automotive industry employs basalt fiber composites to produce lightweight components, thereby reducing fuel consumption and emissions. This trend is particularly relevant with the rise of electric vehicles. Additionally, sectors like marine and aerospace value the material's durability and corrosion resistance. This widespread shift toward sustainability, driven by both regulatory pressures and consumer awareness, directly contributes to the increasing adoption of basalt fiber products.
What are the market trends shaping the Basalt Fiber Industry?
- The increasing demand for sustainable building and construction materials is a key trend expected to influence the global basalt fiber market.
The demand for sustainable building and construction materials is creating new opportunities. The construction industry is increasingly focused on green building practices, which prioritize occupant health and environmental protection. Basalt fiber, derived from natural rock and being recyclable, aligns with these objectives by reducing the environmental impact of construction activities. Its use in concrete reinforcement, utilizing technologies like basalt composite macrofibre, contributes to durable and cost-effective structures while minimizing waste. Although materials like glass and steel are more prevalent due to lower costs, the growing preference for sustainable products made from natural resources, such as in the natural fiber composites market, is enhancing the adoption of basalt fiber solutions. The market in North America, for instance, represents 22.55% of the growth opportunity.The growing adoption of basalt fiber in the automotive industry is another significant trend shaping the market. Automakers are under constant pressure to reduce vehicle weight to improve fuel efficiency and lower emissions, making the high strength-to-weight ratio of basalt fiber particularly attractive. As an alternative to traditional materials like steel and aluminum, basalt fiber composites, including those made via direct roving extrusion, offer both weight reduction and strength. These materials are instrumental in developing more efficient electric vehicles and are used in components exposed to harsh environments, such as underbody protection and exhaust systems. Innovations in this area are expanding the use of high performance fibers in the automotive sector.
What challenges does the Basalt Fiber Industry face during its growth?
- The poor availability of raw materials presents a major challenge to the growth of the global basalt fiber market.
The market faces a significant challenge related to the poor availability of suitable raw materials. Basalt fiber is derived exclusively from basalt, an igneous rock whose properties depend on its geological origin and cooling history. The extraction of basalt rock with the specific chemical characteristics required for high-quality fiber production is a difficult and complex process. This limitation on raw material sourcing creates a bottleneck in the supply chain, from crushing the rocks to the final melt-spinning fiber process. The geographic concentration of suitable basalt deposits, such as the Siberian Traps or Columbia River Flood Basalts, further complicates logistics and supply, thereby constraining overall market growth potential. The European market opportunity, for example, is influenced by these supply-side factors, accounting for 18.89% of the landscape.Inconsistency in fiber quality poses another substantial impediment to market expansion. Variations in the properties of the raw basalt rock and complexities in the manufacturing process can lead to finished fibers with inconsistent mechanical and thermal characteristics. This variability makes it difficult for end-users in sectors like construction and automotive to rely on basalt fiber for predictable and repeatable performance in their composite products. Such inconsistencies can erode customer confidence, complicate testing and certification processes, and limit the material's ability to compete effectively with more established high-performance materials like carbon fiber and fiberglass, where quality control standards are more mature.
Exclusive Customer Landscape
The basalt fiber market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the basalt fiber market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, basalt fiber market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Basalt Engineering LLC - The company's key offerings focus on the production and supply of basalt fiber materials for a range of industrial and structural applications. Products include various forms such as direct roving, assembled roving, and chopped strands, which are engineered to serve as high-performance reinforcement in composite manufacturing and construction industries. These offerings are designed to provide enhanced mechanical properties, thermal resistance, and durability in end-use products, catering to sectors that require advanced material solutions for demanding environments.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Basalt Engineering LLC
- Basalt Fiber Tech
- BFMTD Co. Ltd.
- Deutsche Basalt Faser GmbH
- Fiberbas Construction and Building Tech
- Final Advanced Materials Sarl
- Funique Composites Pvt. Ltd.
- Galen LLC
- HG GBF Basalt Fiber Co. Ltd.
- Jianfeng Chemical Co. Ltd.
- Jumeisheng Co. Ltd.
- Kamenny Vek
- Kodiak Fiberglass Rebar
- Lavaintel
- Sudaglass Fiber Technology Inc.
- SWICOFIL AG
- Technobasalt Invest LLC
- TLCBF High tech Co. Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Basalt Fiber Market
In July 2024, Jogani Reinforcement announced the launch of a high-tensile basalt fiber reinforcement product specifically targeted at India's concrete and infrastructure sectors to improve construction durability.In February 2024, Incotelogy GmbH, a German technology company, completed the acquisition of the basalt fiber business from Deutsche Basalt Faser GmbH, aiming to expand its activities in the development and production of basalt fibers.In early 2024, Kodiak Fiberglass Rebar's basalt rebar was selected for a major coastal seawall and infrastructure project in Florida, highlighting the material's growing adoption in civil engineering applications requiring corrosion resistance.
Research Analyst Overview
The global basalt fiber market is shaped by advancements in the basalt rock melting process and volcanic rock extrusion, which produce high tensile strength fibers. These fibers are noted for their superior thermal insulation properties, high-temperature resistance, and status as non-combustible materials. As an eco-friendly composite material, its adoption is driven by inherent chemical inertness properties, dielectric properties, and utility as acoustic insulation materials. Production techniques such as continuous filament winding, assembled roving manufacturing, and direct roving extrusion are continuously refined to meet evolving industrial specifications for high-performance applications.The proliferation of downstream basalt products reflects a dynamic shift toward advanced materials, with expectations for market expansion exceeding 8% annually. In construction, basalt fiber reinforced polymer is pivotal, with corrosion-resistant rebar, basalt fiber rebars, and basalt rebar for tunnels transforming cement and concrete products. Forms like concrete reinforcement fibers and basalt composite macrofibre enhance structural strengthening applications. For composites, chopped strand reinforcement, chopped basalt strands, and gun roving applications are used to create lightweight composite components and fatigue resistance composites. Meanwhile, basalt fiber yarns and basalt twisted yarns are processed into basalt fiber cloth and fire-resistant textiles, alongside the use of basalt fiber tape, pultruded composite profiles, and reinforcing mesh for roads. The creation of vibration damping materials further diversifies its application scope.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Basalt Fiber Market insights. See full methodology.
|
Market Scope
|
|
Report Coverage
|
Details
|
|
Page number
|
290
|
|
Base year
|
2024
|
|
Historic period
|
2019 - 2023 |
|
Forecast period
|
2025-2029
|
|
Growth momentum & CAGR
|
Accelerating at a CAGR of 13.4%
|
|
Market growth 2024-2029
|
USD 336.6 million
|
|
Market structure
|
Fragmented
|
|
YoY growth 2024-2029(%)
|
12.8%
|
|
Key countries
|
China, Japan, India, South Korea, Australia, Indonesia, US, Canada, Mexico, Germany, France, UK, Italy, The Netherlands, Spain, Brazil, Argentina, Colombia, Saudi Arabia, UAE, South Africa, Israel, Turkey
|
|
Competitive landscape
|
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
|
Request Free Sample
What are the Key Data Covered in this Basalt Fiber Market Research and Growth Report?
- CAGR of the Basalt Fiber industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2029
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across APAC, North America, Europe, South America, Middle East and Africa
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the basalt fiber market growth of industry companies
We can help! Our analysts can customize this basalt fiber market research report to meet your requirements.
Get in touch
1 Executive Summary
- 1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Form Factor
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Chart on Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Chart on Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Chart on Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3 Market Landscape
- 3.1 Market ecosystem
- Chart on Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Chart on Market characteristics analysis
- 3.3 Value chain analysis
- Chart on Value chain analysis
4 Market Sizing
- 4 Market Sizing
- 4.1 Market definition
- Data Table on Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5 Historic Market Size
- 5.1 Global Basalt Fiber Market 2019 - 2023
- Historic Market Size - Data Table on Global Basalt Fiber Market 2019 - 2023 ($ billion)
- 5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ billion)
- 5.3 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
- 5.4 Form Factor segment analysis 2019 - 2023
- Historic Market Size - Form Factor Segment 2019 - 2023 ($ billion)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6 Qualitative Analysis
- 6.1 Impact of AI in the global basalt fiber market
7 Five Forces Analysis
- 7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
- 8 Market Segmentation by Application
- 8.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 8.3 Composites - Market size and forecast 2024-2029
- Chart on Composites - Market size and forecast 2024-2029 ($ billion)
- Data Table on Composites - Market size and forecast 2024-2029 ($ billion)
- Chart on Composites - Year-over-year growth 2024-2029 (%)
- Data Table on Composites - Year-over-year growth 2024-2029 (%)
- 8.4 Non-composites - Market size and forecast 2024-2029
- Chart on Non-composites - Market size and forecast 2024-2029 ($ billion)
- Data Table on Non-composites - Market size and forecast 2024-2029 ($ billion)
- Chart on Non-composites - Year-over-year growth 2024-2029 (%)
- Data Table on Non-composites - Year-over-year growth 2024-2029 (%)
- 8.5 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)
9 Market Segmentation by End-user
- 9 Market Segmentation by End-user
- 9.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
- 9.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 9.3 Construction and infrastructure - Market size and forecast 2024-2029
- Chart on Construction and infrastructure - Market size and forecast 2024-2029 ($ billion)
- Data Table on Construction and infrastructure - Market size and forecast 2024-2029 ($ billion)
- Chart on Construction and infrastructure - Year-over-year growth 2024-2029 (%)
- Data Table on Construction and infrastructure - Year-over-year growth 2024-2029 (%)
- 9.4 Automotive and transportation - Market size and forecast 2024-2029
- Chart on Automotive and transportation - Market size and forecast 2024-2029 ($ billion)
- Data Table on Automotive and transportation - Market size and forecast 2024-2029 ($ billion)
- Chart on Automotive and transportation - Year-over-year growth 2024-2029 (%)
- Data Table on Automotive and transportation - Year-over-year growth 2024-2029 (%)
- 9.5 Wind energy - Market size and forecast 2024-2029
- Chart on Wind energy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Wind energy - Market size and forecast 2024-2029 ($ billion)
- Chart on Wind energy - Year-over-year growth 2024-2029 (%)
- Data Table on Wind energy - Year-over-year growth 2024-2029 (%)
- 9.6 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 9.7 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)
10 Market Segmentation by Form Factor
- 10 Market Segmentation by Form Factor
- 10.1 Market segments
- Chart on Form Factor - Market share 2024-2029 (%)
- Data Table on Form Factor - Market share 2024-2029 (%)
- 10.2 Comparison by Form Factor
- Chart on Comparison by Form Factor
- Data Table on Comparison by Form Factor
- 10.3 Continuous basalt fiber - Market size and forecast 2024-2029
- Chart on Continuous basalt fiber - Market size and forecast 2024-2029 ($ billion)
- Data Table on Continuous basalt fiber - Market size and forecast 2024-2029 ($ billion)
- Chart on Continuous basalt fiber - Year-over-year growth 2024-2029 (%)
- Data Table on Continuous basalt fiber - Year-over-year growth 2024-2029 (%)
- 10.4 Discrete basalt fiber - Market size and forecast 2024-2029
- Chart on Discrete basalt fiber - Market size and forecast 2024-2029 ($ billion)
- Data Table on Discrete basalt fiber - Market size and forecast 2024-2029 ($ billion)
- Chart on Discrete basalt fiber - Year-over-year growth 2024-2029 (%)
- Data Table on Discrete basalt fiber - Year-over-year growth 2024-2029 (%)
- 10.5 Market opportunity by Form Factor
- Market opportunity by Form Factor ($ billion)
- Data Table on Market opportunity by Form Factor ($ billion)
11 Customer Landscape
- 11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - APAC
- Data Table on Regional Comparison - APAC
- 12.3.1 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.3.2 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.3.3 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.3.4 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.3.5 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
- 12.3.6 Indonesia - Market size and forecast 2024-2029
- Chart on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Chart on Indonesia - Year-over-year growth 2024-2029 (%)
- Data Table on Indonesia - Year-over-year growth 2024-2029 (%)
- 12.4 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - North America
- Data Table on Regional Comparison - North America
- 12.4.1 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.4.2 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.4.3 Mexico - Market size and forecast 2024-2029
- Chart on Mexico - Market size and forecast 2024-2029 ($ billion)
- Data Table on Mexico - Market size and forecast 2024-2029 ($ billion)
- Chart on Mexico - Year-over-year growth 2024-2029 (%)
- Data Table on Mexico - Year-over-year growth 2024-2029 (%)
- 12.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Europe
- Data Table on Regional Comparison - Europe
- 12.5.1 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.5.2 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.5.3 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.5.4 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 12.5.5 The Netherlands - Market size and forecast 2024-2029
- Chart on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Data Table on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Chart on The Netherlands - Year-over-year growth 2024-2029 (%)
- Data Table on The Netherlands - Year-over-year growth 2024-2029 (%)
- 12.5.6 Spain - Market size and forecast 2024-2029
- Chart on Spain - Market size and forecast 2024-2029 ($ billion)
- Data Table on Spain - Market size and forecast 2024-2029 ($ billion)
- Chart on Spain - Year-over-year growth 2024-2029 (%)
- Data Table on Spain - Year-over-year growth 2024-2029 (%)
- 12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - South America
- Data Table on Regional Comparison - South America
- 12.6.1 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 12.6.2 Argentina - Market size and forecast 2024-2029
- Chart on Argentina - Market size and forecast 2024-2029 ($ billion)
- Data Table on Argentina - Market size and forecast 2024-2029 ($ billion)
- Chart on Argentina - Year-over-year growth 2024-2029 (%)
- Data Table on Argentina - Year-over-year growth 2024-2029 (%)
- 12.6.3 Colombia - Market size and forecast 2024-2029
- Chart on Colombia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Colombia - Market size and forecast 2024-2029 ($ billion)
- Chart on Colombia - Year-over-year growth 2024-2029 (%)
- Data Table on Colombia - Year-over-year growth 2024-2029 (%)
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Middle East and Africa
- Data Table on Regional Comparison - Middle East and Africa
- 12.7.1 Saudi Arabia - Market size and forecast 2024-2029
- Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- 12.7.2 UAE - Market size and forecast 2024-2029
- Chart on UAE - Market size and forecast 2024-2029 ($ billion)
- Data Table on UAE - Market size and forecast 2024-2029 ($ billion)
- Chart on UAE - Year-over-year growth 2024-2029 (%)
- Data Table on UAE - Year-over-year growth 2024-2029 (%)
- 12.7.3 South Africa - Market size and forecast 2024-2029
- Chart on South Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on South Africa - Year-over-year growth 2024-2029 (%)
- Data Table on South Africa - Year-over-year growth 2024-2029 (%)
- 12.7.4 Israel - Market size and forecast 2024-2029
- Chart on Israel - Market size and forecast 2024-2029 ($ billion)
- Data Table on Israel - Market size and forecast 2024-2029 ($ billion)
- Chart on Israel - Year-over-year growth 2024-2029 (%)
- Data Table on Israel - Year-over-year growth 2024-2029 (%)
- 12.7.5 Turkey - Market size and forecast 2024-2029
- Chart on Turkey - Market size and forecast 2024-2029 ($ billion)
- Data Table on Turkey - Market size and forecast 2024-2029 ($ billion)
- Chart on Turkey - Year-over-year growth 2024-2029 (%)
- Data Table on Turkey - Year-over-year growth 2024-2029 (%)
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
13 Drivers, Challenges, and Opportunity
- 13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Increase in renewable energy projects
- Rising use of sustainable and eco-friendly materials
- Lightweight and high-strength properties of basalt fiber
- 13.2 Market challenges
- Poor availability of raw materials
- Inconsistency in basalt fiber quality
- Intricate manufacturing process of basalt fibers
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities
- Increasing demand for sustainable building and construction materials
- Growing adoption of basalt fiber in automotive industry
- Innovation in basalt fiber manufacturing
14 Competitive Landscape
- 14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Basalt Engineering LLC
- Basalt Engineering LLC - Overview
- Basalt Engineering LLC - Product / Service
- Basalt Engineering LLC - Key offerings
- SWOT
- 15.5 Basalt Fiber Tech
- Basalt Fiber Tech - Overview
- Basalt Fiber Tech - Product / Service
- Basalt Fiber Tech - Key offerings
- SWOT
- 15.6 BFMTD Co. Ltd.
- BFMTD Co. Ltd. - Overview
- BFMTD Co. Ltd. - Product / Service
- BFMTD Co. Ltd. - Key offerings
- SWOT
- 15.7 Deutsche Basalt Faser GmbH
- Deutsche Basalt Faser GmbH - Overview
- Deutsche Basalt Faser GmbH - Product / Service
- Deutsche Basalt Faser GmbH - Key offerings
- SWOT
- 15.8 Fiberbas Construction and Building Tech
- Fiberbas Construction and Building Tech - Overview
- Fiberbas Construction and Building Tech - Product / Service
- Fiberbas Construction and Building Tech - Key offerings
- SWOT
- 15.9 Final Advanced Materials Sarl
- Final Advanced Materials Sarl - Overview
- Final Advanced Materials Sarl - Product / Service
- Final Advanced Materials Sarl - Key offerings
- SWOT
- 15.10 HG GBF Basalt Fiber Co. Ltd.
- HG GBF Basalt Fiber Co. Ltd. - Overview
- HG GBF Basalt Fiber Co. Ltd. - Product / Service
- HG GBF Basalt Fiber Co. Ltd. - Key offerings
- SWOT
- 15.11 Jianfeng Chemical Co. Ltd.
- Jianfeng Chemical Co. Ltd. - Overview
- Jianfeng Chemical Co. Ltd. - Product / Service
- Jianfeng Chemical Co. Ltd. - Key offerings
- SWOT
- 15.12 Jumeisheng Co. Ltd.
- Jumeisheng Co. Ltd. - Overview
- Jumeisheng Co. Ltd. - Product / Service
- Jumeisheng Co. Ltd. - Key offerings
- SWOT
- 15.13 Kamenny Vek
- Kamenny Vek - Overview
- Kamenny Vek - Product / Service
- Kamenny Vek - Key offerings
- SWOT
- 15.14 Kodiak Fiberglass Rebar
- Kodiak Fiberglass Rebar - Overview
- Kodiak Fiberglass Rebar - Product / Service
- Kodiak Fiberglass Rebar - Key offerings
- SWOT
- 15.15 Lavaintel
- Lavaintel - Overview
- Lavaintel - Product / Service
- Lavaintel - Key offerings
- SWOT
- 15.16 SWICOFIL AG
- SWICOFIL AG - Overview
- SWICOFIL AG - Product / Service
- SWICOFIL AG - Key offerings
- SWOT
- 15.17 Technobasalt Invest LLC
- Technobasalt Invest LLC - Overview
- Technobasalt Invest LLC - Product / Service
- Technobasalt Invest LLC - Key offerings
- SWOT
- 15.18 TLCBF High tech Co. Ltd.
- TLCBF High tech Co. Ltd. - Overview
- TLCBF High tech Co. Ltd. - Product / Service
- TLCBF High tech Co. Ltd. - Key offerings
- SWOT
16 Appendix
- 16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
INFORMATION SOURCES
DATA ANALYSIS
REPORT WRITING
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
