Basalt Fiber Market By Product (Basalt Rebar, Basalt Roving, Basalt Fabric, Mesh & Grid, Chopped Strands, Others); By Type (Continuous Basalt Fiber, Discrete Basalt Fiber); By End-Use Industry (Building and Construction, Automotive, Aerospace and Defense, Ship Building, Wind Energy Generation, Sports accessories, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
Basalt Fiber Market Overview
The global basalt fiber market size was valued at around USD 108 million in 2022 and is projected to grow at a compound annual rate of growth (CAGR) of around 12.4% from 2022 to 2032.The market size is projected to succeed in USD 340 billion by 2032.
The global basalt fiber market is expected to mask a CAGR of 12.4% during the projected period. The market of basalt fiber is majorly driven on the back of its wide range industrial applications. Basalt fiber’s characteristics make it ideal solution in applications such as fabric, tapes and others. Strong adoption rate of basalt fibers in automotive industry is also expected to foster the growth of market in upcoming years.
Basalt Fiber Market Segmentation
The research offers a comprehensive analysis of basalt fiber market with respect to following sub-markets
- Basalt Rebar
- Basalt Roving
- Basalt Fabric
- Mesh & Grid
- Chopped Strands
- Continuous Basalt Fiber
- Discrete Basalt Fiber
By End-Use Industry
- Building and Construction
- Aerospace and Defense
- Ship Building
- Wind Energy Generation
- Sports accessories
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Basalt Fiber Market Key Players
The report profiles various major market players such as;
- BASALTEX NV
- Sudaglass Fiber Technology
- Zhejiang GBF Basalt Fiber Co., Ltd (GBF)
- Kamenny Vek
- Shanxi Basalt Fiber Technology Co., Ltd.
- JiangSu Tianlong Continuous Basalt Fuber Co.Ltd.
- Mafic SA
- Isomatex SA
- Shanxi Basalt Fibre Technology Co., Ltd.
- Other Prominent Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news (acquisition, expansion, technology development, research & development expansion and other market activities).
The study also provides company’s positioning and market share in basalt fiber market.
Timeline Considered for Analysis
- 2021: Base Year
- 2022: Estimated Year
- 2022 to 2032: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis
Industry report analyzes the global Basalt Fiber market by the following segments;
- End Use Industry
Geographic Market Analysis
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Basalt Fiber Industry Report
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2032?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?