Basalt Fiber Market
Basalt Fiber Market Study by Roving, Chopped Strands, Fabric, and Mesh & Grids for Construction, Automotive, Aerospace & Defense, Wind Energy, Sport Accessories, and Others from 2024 to 2034
Analysis of Basalt Fiber Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Basalt Fiber Market Outlook (2024 to 2034)
As revealed in the latest Fact.MR report, growing use of basalt fiber in electric vehicles and the construction industry is projected to drive the market to a value of US$ 121.8 million in 2024. The global basalt fiber market has been analyzed to advance at 12.4% CAGR and reach US$ 392.1 million by the end of 2034.
Rising use of basalt fiber as an effective alternative to steel and glass rebar is generating lucrative opportunities for market players. Excellent mechanical characteristics of basalt fiber, including high tensile strength, etc., are estimated to contribute to its popularity. The growing use of basalt fiber in multiple applications, including pipe containers, basalt products, reinforced nets, and multiple other electrical insulation materials is contributing to market growth.
Basalt fiber is comparatively stronger and lighter than other materials, such as steel, which is driving its demand as an effective alternative option in multiple industries. The growing concentration of manufacturers in the automotive industry for the production of lightweight vehicles is resulting in the adoption of basalt fiber. Automobile manufacturers are focusing on decreasing overall fuel consumption, which is leading to increased basalt fiber demand.
- Sales of basalt fiber in South Korea are projected to rise at a CAGR of 13.8% from 2024 to 2034.
- North America is approximated to account for 17.5% of the basalt fiber market share by the end of 2034.
- Worldwide demand for non-composite basalt fiber is evaluated to increase at 12.4% CAGR and reach a market value of US$ 271.3 million by the end of 2034.
Many developed countries are concentrating on improving their infrastructure facilities, which is estimated to increase demand for more advanced and sustainable materials, including basalt fiber. It is an eco-friendly, natural, and high-purity raw material. It does not produce any sort of harmful emissions during the manufacturing procedure, unlike traditional fibers, which are further expected to generate lucrative opportunities for market players.
| Report Attributes | Details |
|---|---|
| Basalt Fiber Market Size (2024E) | US$ 121.8 Million |
| Forecasted Market Value (2034F) | US$ 392.1 Million |
| Global Market Growth Rate (2024 to 2034) | 12.4% CAGR |
| Market Share of Ship Building Segment (2034F) | 24.9% |
| Japan Market Growth Rate (2024 to 2034) | 11% CAGR |
| East Asia Market Share (2034F) | 24.6% |
| Key Companies Profiled |
|
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What is Substantially Contributing to Basalt Fiber Market Growth?
“Growing Adoption of Basalt Fiber as Effective Steel Reinforcement”
Basalt fiber is available with improved mechanical strength, insulation, heat and chemical resistance, and other qualities. Increasing use of basalt fiber as an effective alternative option to steel reinforcements is attributed to numerous qualities, including lightweight and corrosion resistance. These features also assist in the increasing use of basalt fiber in several types of construction composites. The stiffness of basalt fiber in all forms, such as chopped strands, roving, and textiles, along with stronger breaking load capacity and improved durability are estimated to increase demand.
What Challenges are Expected to Limit Demand Growth for Basalt Fiber?
“Limited Availability of Resources and Higher Initial Setup Cost”
There are certain obstacles that are encountered by manufacturers of basalt fiber. The quality and appropriate chemical composition of basalt rock required for its development are available in certain areas in Eastern Europe. Therefore, manufacturers present in other regional areas need to import these fibers, which is somewhere having an adverse impact on market growth.
The initial setup and equipment costs are comparatively high and require increased capital expenditure, therefore it becomes a bit difficult for respective end users to afford basalt fiber.
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How Can New Companies Strategize in This Business Space?
“Development of Alternative Technologies with Low-cost Requirements”
Startups aiming to enter into this landscape need to concentrate their efforts on R&D activities for the development of alternative pocket-friendly technologies. These newly developed technologies are projected to assist in the development of basalt fiber at economic prices.
Country-wise Insights
Fac.MR, a market research and competitive intelligence provider, in its recently updated report, asserts that East Asia is estimated to capture 24.6% share of the global market by the end of 2034. An expansion of numerous end-use industries, including automotive, aerospace, etc. is projected to generate more demand for basalt fiber in the region.
Why is the United States Attracting More Suppliers of Basalt Fiber?
“Rising Popularity of Basalt Fiber for its Cost-efficiency and Lightweight Aspects”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 14.7 Million |
| Growth Rate (2024 to 2034) | 13.1% CAGR |
| Projected Value (2034F) | US$ 50.4 Million |
The United States is anticipated to hold 73.5% of the North American market share by the end of 2034. An increasing inclination to environment-friendly materials from various end-use sectors is attributed to the implementation of stringent regulations, which is generating demand for basalt fiber. In addition, there are multiple end-use industries, such as construction, shipbuilding, automotive, etc., which are contributing to the increased demand for basalt fiber for its lightweight and low cost.
Which East Asian Country is Becoming the Focal Point for Basalt Fiber Manufacturers?
“Huge Presence of Key End-use Industries in China”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 17.7 Million |
| Growth Rate (2024 to 2034) | 12% CAGR |
| Projected Value (2034F) | US$ 55.3 Million |
China is projected to contribute 57.3% share of the market in East Asia by the end of the assessment period in 2034. An expansion of numerous end-use industries, such as wind energy, mining, aerospace, automotive, and construction is estimated to contribute to the rising demand for basalt fiber. In addition, the presence of some of the leading manufacturers of basalt fiber in the country is also resulting in the expansion of the basalt fiber market size.
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Category-wise Insights
As asserted in Fact.MR research report, the worldwide demand for non-composite basalt fiber is projected to increase at a CAGR of 12.4% and reach a valuation of US$ 271.3 million by 2034-end. The rising consumption of these non-composite basalt fibers is attributed to their lightweight and environment-friendly attributes.
Why is Roving Basalt Fiber Projected to Hold a Larger Revenue Share in the Market?
“Extensive Application Range of Roving Fiber Due to Excellent Characteristics”
Roving, chopped strands, mesh & grids, and fabric are the types of basalt fiber available around the world. Among these, an increase in the demand for roving basalt fiber is experienced in various countries, such as the United States, Ukraine, Russia, China, etc. Further, constant investment by market players in R&D activities for the production of more efficient products matching the requirements of end users is also set to positively influence the basalt fiber market trends.
Roving is used in the production of high-performance marine, aerospace, and automotive components, because of its superior heat resistance, durability, and excellent strength-to-weight ratio. A shift to environment-friendly and sustainable manufacturing practices is contributing to the adoption of roving basalt fiber as an effective alternative to conventional materials, including carbon and glass fibers.
Which End-use Industry Will Generate High Revenues for Basalt Fiber Suppliers?
“Growing Use of Basalt Fiber in Shipbuilding”
| Attribute | Ship Building |
|---|---|
| Segment Value (2024E) | US$ 31.2 Million |
| Growth Rate (2024 to 2034) | 12.1% CAGR |
| Projected Value (2034F) | US$ 97.6 Million |
The shipbuilding industry is forecasted to contribute 24.9% share of the global market by the end of 2034. The rising use of basalt fiber in shipbuilding is due to its low iron and high silica content. Its fireproof and strong properties make it ideal for use as a textile in the shipbuilding process. Considering its features, it is comparatively pocket-friendly, therefore gaining more prominence among end-use sectors.
Competitive Landscape
Management of supply chain systems and offering quality products are some of the key strategies adopted by players to get a competitive edge. Prominent market companies are adopting new product development as one of the key strategies for upscaling their market presence. They are involved in mergers, acquisitions, collaborations, partnerships, etc. for the expansion of their footprints across untapped markets.
For instance :
- Kamenny Vek, on April 30, 2021, expanded its current product line with the launch of new products, including basalt assembled roving 18 microns 4800 tex, basalt assembled roving 18 microns 3000 tex, and basalt direct roving 22 microns 2400 tex.
- Mafic USA, in July 2020, started operation in Shelby, North Carolina, which is a prominent production facility of basalt fiber. This company is estimated to help in catering to the specific requirements of the consumer base.
Key players in the basalt fiber market are Zhejiang GBF Basalt Fiber Co., Ltd (GBF), TECHNOBASALT-INVEST LLC, Shanxi Basalt Fibre Technology Co., Ltd., BASALTEX NV, Sudaglass Fiber Technology, Isomatex SA, Mafic SA, Kamenny Vek, and Shanxi Basalt Fiber Technology Co., Ltd.
Segmentation of Basalt Fiber Market Research
-
By Product Type :
- Roving
- Chopped Strands
- Fabric
- Mesh & Grids
-
By Usage :
- Composites
- Non-composites
-
By End-use Industry :
- Building & Construction
- Automotive
- Aerospace & Defense
- Ship Building
- Wind Energy
- Sport Accessories & Others
-
By Region :
- North America
- Europe
- East Asia
- Latin America
- Middle East & Africa
- South Asia & Oceania
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Summary of Statistics 1.3. Summary of Key Findings 1.4. Fact.MR Analysis and Recommendations 2. Global Market Overview 2.1. Market Introduction 2.2. Global Market Taxonomy 2.3. Global Market Definition 2.4. Key Trends Impacting the Market 2.5. Product Innovation / Development Trends 3. Market Background and Foundation Data Points 3.1. Global Construction Industry Overview 3.2. Global Carbon-Fiber Industry Analysis 3.3. Global Fiber Industry Growth Outlook 3.3.1. Growth Potential 3.3.1.1. By Automotive Industry 3.3.1.2. By Aerospace and Defense 3.3.1.3. By Building & Construction Industry 3.3.1.4. By Ship Building Industry 3.3.1.5. By Wind Industry 3.3.1.6. By Sports accessories and other Industries 3.3.2. Types of Fibers Available in Market 3.4. Global Market Outlook 3.4.1. Key Growth Priorities 3.4.2. Growth Potential, By Key Regions 3.4.3. Growth Potential in Aftermarket Services 3.4.4. Importance of Financial Services to Realize Growth Potential 3.5. Global Markets Statistics 3.5.1. Production Statistics 3.5.2. Import Statistics 3.5.3. Export Statistics 3.5.4. Major Projects 3.5.4.1. By Key Regions 3.5.4.2. By Key Countries 3.5.5. Need for Basalt Fiber 3.5.6. Global Value & Volume Forecast 3.6. Key Trends Distinctive in the Market 3.6.1. Rating of Top Five Core Products 3.6.2. Regional Ranking of Product Characteristics 3.7. Global Economy Outlook 3.7.1. Global Economy Size and Share 3.7.2. Macro-Economic Factors: Global GDP Outlook 3.7.3. Global GDP Forecast and Growth 3.7.4. Global Industry Short-Term Growth Prospects 3.8. Key Demand Driving Factors 3.9. Global Investment Feasibility Analysis 3.10. Key Success Factors 3.10.1. Establishing Flexible Supply Chain to Optimize on Miracle Ingredients/ Products 3.10.2. Strategic Promotional Activity 3.10.3. Other 3.11. Competitive Scenario Analysis & Recent Developments 3.12. Market Dynamics 3.12.1. Market Driving Factors and Impact Assessment 3.12.2. Prominent Market Challenges and Impact Assessment 3.12.3. Market Opportunities and Impact Assessment 3.12.4. Prominent Trends in the Global Market and Impact Assessment 3.13. Investment Feasibility Matrix for Market 3.14. Forecast Factors 3.15. PESTEL Analysis 3.16. Porter’s Five Force Analysis 4. Risk Assessment 4.1. COVID-19 Crisis and Impact on Global Market 4.2. COVID-19 Impact Benchmark with Previous Crisis 4.2.1. Change in Demand and Consumption Growth 4.2.2. Before and After COVID-19 Crisis (Projected) 4.2.3. Before and after SARS Pandemic (Actual) 4.2.4. Change in Demand post Recovery Period (After Each Crisis) 4.3. Impact on Market Value (USD Million) 4.3.1. Likely Loss of Value in 2022 4.3.2. Mid-term and Long Term Forecast 4.3.3. Quarter, By Quarter Dip and Recovery Assessment 4.4. Anticipated Demand and Value Recovery Curve 4.4.1. Likelihood of U-Shape Recovery 4.4.2. Likelihood of L-Shape Recovery 4.5. Recovery Assessment, By Key Market Segments 4.6. Action Points and Recommendation for Suppliers 5. Global Market Value Analysis 2018-2023 and Forecast, 2024-2034 5.1. Historical Market Volume (Units) Analysis, 2018-2023 5.2. Current and Future Market Volume (Units) Projections, 2024-2034 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. Global Market – Pricing Analysis 6.1. Regional Pricing Analysis 6.2. Pricing Break-up, By Product Type 6.3. Factors Affecting price 7. Global Market Volume Analysis 2018-2023 and Forecast, 2024-2034 7.1. Historical Market Value (USD Million) Analysis, 2018-2023 7.2. Current and Future Market Value (USD Million) Projections, 2024-2034 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Market Analysis 2018-2023 and Forecast 2024-2034, By Product Type 8.1. Introduction / Key Findings 8.2. Historical Market Value (USD Million) & Volume (Units) Analysis, By Product Type, 2018-2023 8.3. Current and Future Market Value (USD Million) & Volume (Units) Analysis and Forecast, By Product Type, 2024-2034 8.3.1. Roving 8.3.2. Chopped Strands 8.3.3. Fabric 8.3.4. Mesh and Grinds 8.3.5. Others 8.4. Market Attractiveness Analysis, By Product Type 9. Global Market Analysis 2018-2023 and Forecast 2024-2034, By Usage 9.1. Introduction / Key Findings 9.2. Historical Market Value (USD Million) & Volume (Units) Analysis, By Usage, 2018-2023 9.3. Current and Future Market Value (USD Million) & Volume (Units) Analysis and Forecast, By Usage, 2024-2034 9.3.1. Composites 9.3.2. Non-Composites 9.4. Market Attractiveness Analysis, By Usage 10. Global Market Analysis 2018-2023 and Forecast 2024-2034, By End-Use Industry 10.1. Introduction / Key Findings 10.2. Historical Market Value (USD Million) & Volume (Units) Analysis, By End-Use Industry, 2018-2023 10.3. Current and Future Market Value (USD Million) & Volume (Units) Analysis and Forecast, By End-Use Industry, 2024-2034 10.3.1. Building and Construction 10.3.2. Automotive 10.3.3. Aerospace and Defense 10.3.4. Ship Building 10.3.5. Wind Energy 10.3.6. Sports Accessories and Others 10.4. Market Attractiveness Analysis, By End-Use Industry 11. Global Market Analysis 2018-2023 and Forecast 2024-2034, By Region 11.1. Introduction 11.2. Historical Market Value (USD Million) & Volume (Units) Analysis, By Region, 2018-2023 11.3. Current Market Value (USD Million) & Volume (Units) Analysis and Forecast, By Region, 2024-2034 11.3.1. North America 11.3.2. Latin America 11.3.3. Europe 11.3.4. East Asia 11.3.5. South Asia & Oceania 11.3.6. Middle East and Africa (MEA) 11.4. Market Attractiveness Analysis, By Region 12. North America Market Analysis 2018-2023 and Forecast 2024-2034 12.1. Introduction 12.2. Historical Market Size (USD Million) & Volume (Units) Trend Analysis, By Market Taxonomy, 2018-2023 12.3. Market Size (USD Million) & Volume (Units) Forecast, By Market Taxonomy, 2024-2034 12.3.1. By Country 12.3.1.1. U.S. 12.3.1.2. Canada 12.3.2. By Product Type 12.3.3. By Usage 12.3.4. By End-Use Industry 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Product Type 12.4.3. By Usage 12.4.4. By End-Use Industry 13. Latin America Market Analysis 2018-2023 and Forecast 2024-2034 13.1. Introduction 13.2. Historical Market Size (USD Million) & Volume (Units) Trend Analysis, By Market Taxonomy, 2018-2023 13.3. Market Size (USD Million) & Volume (Units) Forecast, By Market Taxonomy, 2024-2034 13.3.1. By Country 13.3.1.1. Brazil 13.3.1.2. Mexico 13.3.1.3. Argentina 13.3.1.4. Rest of Latin America 13.3.2. By Product Type 13.3.3. By Usage 13.3.4. By End-Use Industry 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Product Type 13.4.3. By Usage 13.4.4. By End-Use Industry 14. Europe Market Analysis 2018-2023 and Forecast 2024-2034 14.1. Introduction 14.2. Historical Market Size (USD Million) & Volume (Units) Trend Analysis, By Market Taxonomy, 2018-2023 14.3. Market Size (USD Million) & Volume (Units) Forecast, By Market Taxonomy, 2024-2034 14.3.1. By Country 14.3.1.1. Germany 14.3.1.2. Italy 14.3.1.3. France 14.3.1.4. United Kingdom 14.3.1.5. Spain 14.3.1.6. BENELUX 14.3.1.7. Russia 14.3.1.8. Rest of Europe 14.3.2. By Product Type 14.3.3. By Usage 14.3.4. By End-Use Industry 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Product Type 14.4.3. By Usage 14.4.4. By End-Use Industry 15. East Asia Market Analysis 2018-2023 and Forecast 2024-2034 15.1. Introduction 15.2. Historical Market Size (USD Million) & Volume (Units) Trend Analysis, By Market Taxonomy, 2018-2023 15.3. Market Size (USD Million) & Volume (Units) Forecast, By Market Taxonomy, 2024-2034 15.3.1. By Country 15.3.1.1. China 15.3.1.2. Japan 15.3.1.3. South Korea 15.3.2. By Product Type 15.3.3. By Usage 15.3.4. By End-Use Industry 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Product Type 15.4.3. By Usage 15.4.4. By End-Use Industry 16. South Asia & Oceania Market Analysis 2018-2023 and Forecast 2024-2034 16.1. Introduction 16.2. Historical Market Size (USD Million) & Volume (Units) Trend Analysis, By Market Taxonomy, 2018-2023 16.3. Market Size (USD Million) & Volume (Units) Forecast, By Market Taxonomy, 2024-2034 16.3.1. By Country 16.3.1.1. India 16.3.1.2. Thailand 16.3.1.3. Indonesia 16.3.1.4. Malaysia 16.3.1.5. Australia & New Zealand 16.3.1.6. Rest of South Asia & Oceania 16.3.2. By Product Type 16.3.3. By Usage 16.3.4. By End-Use Industry 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Product Type 16.4.3. By Usage 16.4.4. By End-Use Industry 17. Middle East & Africa Market Analysis 2018-2023 and Forecast 2024-2034 17.1. Introduction 17.2. Historical Market Size (USD Million) & Volume (Units) Trend Analysis, By Market Taxonomy, 2018-2023 17.3. Market Size (USD Million) & Volume (Units) Forecast, By Market Taxonomy, 2024-2034 17.3.1. By Country 17.3.1.1. GCC Countries 17.3.1.2. Turkey 17.3.1.3. South Africa 17.3.1.4. Rest of MEA 17.3.2. By Product Type 17.3.3. By Usage 17.3.4. By End-Use Industry 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Product Type 17.4.3. By Usage 17.4.4. By End-Use Industry 18. Key Country Analysis 2018-2023 and Forecast 2024-2034 for Market. 18.1. Introduction 18.1.1. Market Value Proportion Analysis, By Key Countries 18.1.2. Global Vs. Country Growth Comparison 18.2. US Market Analysis 18.2.1. Value Proportion Analysis, By Market Taxonomy 18.2.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.2.2.1. By Product Type 18.2.2.2. By Usage 18.2.2.3. By End-Use Industry 18.2.3. Competition Landscape and Player Concentration in the Country 18.3. Canada Market Analysis 18.3.1. Value Proportion Analysis, By Market Taxonomy 18.3.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.3.2.1. By Product Type 18.3.2.2. By Usage 18.3.2.3. By End-Use Industry 18.3.3. Competition Landscape and Player Concentration in the Country 18.4. Brazil Market Analysis 18.4.1. Value Proportion Analysis, By Market Taxonomy 18.4.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.4.2.1. By Product Type 18.4.2.2. By Usage 18.4.2.3. By End-Use Industry 18.4.3. Competition Landscape and Player Concentration in the Country 18.5. Argentina Market Analysis 18.5.1. Value Proportion Analysis, By Market Taxonomy 18.5.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.5.2.1. By Product Type 18.5.2.2. By Usage 18.5.2.3. By End-Use Industry 18.5.3. Competition Landscape and Player Concentration in the Country 18.6. Mexico Market Analysis 18.6.1. Value Proportion Analysis, By Market Taxonomy 18.6.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.6.2.1. By Product Type 18.6.2.2. By Usage 18.6.2.3. By End-Use Industry 18.6.3. Competition Landscape and Player Concentration in the Country 18.7. Germany Market Analysis 18.7.1. Value Proportion Analysis, By Market Taxonomy 18.7.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.7.2.1. By Product Type 18.7.2.2. By Usage 18.7.2.3. By End-Use Industry 18.7.3. Competition Landscape and Player Concentration in the Country 18.8. France Market Analysis 18.8.1. Value Proportion Analysis, By Market Taxonomy 18.8.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.8.2.1. By Product Type 18.8.2.2. By Usage 18.8.2.3. By End-Use Industry 18.8.3. Competition Landscape and Player Concentration in the Country 18.9. Italy Market Analysis 18.9.1. Value Proportion Analysis, By Market Taxonomy 18.9.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.9.2.1. By Product Type 18.9.2.2. By Usage 18.9.2.3. By End-Use Industry 18.9.3. Competition Landscape and Player Concentration in the Country 18.10. Spain Market Analysis 18.10.1. Value Proportion Analysis, By Market Taxonomy 18.10.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.10.2.1. By Product Type 18.10.2.2. By Usage 18.10.2.3. By End-Use Industry 18.10.3. Competition Landscape and Player Concentration in the Country 18.11. U.K Market Analysis 18.11.1. Value Proportion Analysis, By Market Taxonomy 18.11.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.11.2.1. By Product Type 18.11.2.2. By Usage 18.11.2.3. By End-Use Industry 18.11.3. Competition Landscape and Player Concentration in the Country 18.12. BENELUX Market Analysis 18.12.1. Value Proportion Analysis, By Market Taxonomy 18.12.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.12.2.1. By Product Type 18.12.2.2. By Usage 18.12.2.3. By End-Use Industry 18.12.3. Competition Landscape and Player Concentration in the Country 18.13. Russia Market Analysis 18.13.1. Value Proportion Analysis, By Market Taxonomy 18.13.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.13.2.1. By Product Type 18.13.2.2. By Usage 18.13.2.3. By End-Use Industry 18.13.3. Competition Landscape and Player Concentration in the Country 18.14. China Market Analysis 18.14.1. Value Proportion Analysis, By Market Taxonomy 18.14.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.14.2.1. By Product Type 18.14.2.2. By Usage 18.14.2.3. By End-Use Industry 18.14.3. Competition Landscape and Player Concentration in the Country 18.15. Japan Market Analysis 18.15.1. Value Proportion Analysis, By Market Taxonomy 18.15.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.15.2.1. By Product Type 18.15.2.2. By Usage 18.15.2.3. By End-Use Industry 18.15.3. Competition Landscape and Player Concentration in the Country 18.16. South Korea Market Analysis 18.16.1. Value Proportion Analysis, By Market Taxonomy 18.16.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.16.2.1. By Product Type 18.16.2.2. By Usage 18.16.2.3. By End-Use Industry 18.16.3. Competition Landscape and Player Concentration in the Country 18.17. India Market Analysis 18.17.1. Value Proportion Analysis, By Market Taxonomy 18.17.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.17.2.1. By Product Type 18.17.2.2. By Usage 18.17.2.3. By End-Use Industry 18.17.3. Competition Landscape and Player Concentration in the Country 18.18. ASEAN Market Analysis 18.18.1. Value Proportion Analysis, By Market Taxonomy 18.18.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.18.2.1. By Product Type 18.18.2.2. By Usage 18.18.2.3. By End-Use Industry 18.18.3. Competition Landscape and Player Concentration in the Country 18.19. Australia Market Analysis 18.19.1. Value Proportion Analysis, By Market Taxonomy 18.19.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.19.2.1. By Product Type 18.19.2.2. By Usage 18.19.2.3. By End-Use Industry 18.19.3. Competition Landscape and Player Concentration in the Country 18.20. New Zealand Market Analysis 18.20.1. Value Proportion Analysis, By Market Taxonomy 18.20.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.20.2.1. By Product Type 18.20.2.2. By Usage 18.20.2.3. By End-Use Industry 18.20.3. Competition Landscape and Player Concentration in the Country 18.21. Turkey Market Analysis 18.21.1. Value Proportion Analysis, By Market Taxonomy 18.21.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.21.2.1. By Product Type 18.21.2.2. By Usage 18.21.2.3. By End-Use Industry 18.21.3. Competition Landscape and Player Concentration in the Country 18.22. GCC Countries Market Analysis 18.22.1. Value Proportion Analysis, By Market Taxonomy 18.22.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.22.2.1. By Product Type 18.22.2.2. By Usage 18.22.2.3. By End-Use Industry 18.22.3. Competition Landscape and Player Concentration in the Country 18.23. South Africa Market Analysis 18.23.1. Value Proportion Analysis, By Market Taxonomy 18.23.2. Value Analysis and Forecast, By Market Taxonomy, 2018-2034 18.23.2.1. By Product Type 18.23.2.2. By Usage 18.23.2.3. By End-Use Industry 18.23.3. Competition Landscape and Player Concentration in the Country 19. Market Structure Analysis 19.1. Competition Dashboard 19.2. Market Analysis, By Tier of Companies 19.3. Market Concentration 19.4. Market Share Analysis of Top Players 19.5. Market Presence Analysis 20. Market Competition Landscape and Company Profile 20.1. Competition Benchmarking 20.2. Competition Deep Dive 20.2.1. TECHNOBASALT-INVEST LLC 20.2.1.1. Company Overview 20.2.1.2. Product Overview 20.2.1.3. Key Financials 20.2.1.4. Key Developments 20.2.1.5. SWOT Analysis 20.2.2. BASALTEX NV 20.2.2.1. Company Overview 20.2.2.2. Product Overview 20.2.2.3. Key Financials 20.2.2.4. Key Developments 20.2.2.5. SWOT Analysis 20.2.3. Sudaglass Fiber Technology 20.2.3.1. Company Overview 20.2.3.2. Product Overview 20.2.3.3. Key Financials 20.2.3.4. Key Developments 20.2.3.5. SWOT Analysis 20.2.4. Zhejiang GBF Co. Ltd. (GBF) 20.2.4.1. Company Overview 20.2.4.2. Product Overview 20.2.4.3. Key Financials 20.2.4.4. Key Developments 20.2.4.5. SWOT Analysis 20.2.5. Kamenny Vek 20.2.5.1. Company Overview 20.2.5.2. Product Overview 20.2.5.3. Key Financials 20.2.5.4. Key Developments 20.2.5.5. SWOT Analysis 20.2.6. Shanxi Technology Co. Ltd. 20.2.6.1. Company Overview 20.2.6.2. Product Overview 20.2.6.3. Key Financials 20.2.6.4. Key Developments 20.2.6.5. SWOT Analysis 20.2.7. JiangSu Tianlong Continuous Co. Ltd. 20.2.7.1. Company Overview 20.2.7.2. Product Overview 20.2.7.3. Key Financials 20.2.7.4. Key Developments 20.2.7.5. SWOT Analysis 20.2.8. Mafic SA 20.2.8.1. Company Overview 20.2.8.2. Product Overview 20.2.8.3. Key Financials 20.2.8.4. Key Developments 20.2.8.5. SWOT Analysis 20.2.9. Isomatex SA 20.2.9.1. Company Overview 20.2.9.2. Product Overview 20.2.9.3. Key Financials 20.2.9.4. Key Developments 20.2.9.5. SWOT Analysis 20.2.10. Other Prominent Players 20.2.10.1. Company Overview 20.2.10.2. Product Overview 20.2.10.3. Key Financials 20.2.10.4. Key Developments 20.2.10.5. SWOT Analysis 21. Assumptions and Acronyms Used 22. Research Methodology
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List Of Table
Table No. 01: Global Market Value (USD Million), By Product Type, 2018-2023
Table No. 02: Global Market Value (USD Million), By Product Type, 2024-2034
Table No. 03: Global Market Value (USD Million), By Usage, 2018-2023
Table No. 04: Global Market Value (USD Million), By Usage, 2024-2034
Table No. 05: Global Market Value (USD Million), By End-Use Industry, 2018-2023
Table No. 06: Global Market Value (USD Million), By End-Use Industry, 2024-2034
Table No. 07: Global Market Value (USD Million), By Region, 2018-2023
Table No. 08: Global Market Value (USD Million), By Region, 2024-2034
Table No. 09: North America Market Value (USD Million), By Product Type, 2018-2023
Table No. 10: North America Market Value (USD Million), By Product Type, 2024-2034
Table No. 11: North America Market Value (USD Million), By Usage, 2018-2023
Table No. 12: North America Market Value (USD Million), By Usage, 2024-2034
Table No. 13: North America Market Value (USD Million), By End-Use Industry, 2018-2023
Table No. 14: North America Market Value (USD Million), By End-Use Industry, 2024-2034
Table No. 15: North America Market Value (USD Million), By Country, 2018-2023
Table No. 16: North America Market Value (USD Million), By Country, 2024-2034
Table No. 17: Latin America Market Value (USD Million), By Product Type, 2018-2023
Table No. 18: Latin America Market Value (USD Million), By Product Type, 2024-2034
Table No. 19: Latin America Market Value (USD Million), By Usage, 2018-2023
Table No. 20: Latin America Market Value (USD Million), By Usage, 2024-2034
Table No. 21: Latin America Market Value (USD Million), By End-Use Industry, 2018-2023
Table No. 22: Latin America Market Value (USD Million), By End-Use Industry, 2024-2034
Table No. 23: Latin America Market Value (USD Million), By Country, 2018-2023
Table No. 24: Latin America Market Value (USD Million), By Country, 2024-2034
Table No. 25: Europe Market Value (USD Million), By Product Type, 2018-2023
Table No. 26: Europe Market Value (USD Million), By Product Type, 2024-2034
Table No. 27: Europe Market Value (USD Million), By Usage, 2018-2023
Table No. 28: Europe Market Value (USD Million), By Usage, 2024-2034
Table No. 29: Europe Market Value (USD Million), By End-Use Industry, 2018-2023
Table No. 30: Europe Market Value (USD Million), By End-Use Industry, 2024-2034
Table No. 31: Europe Market Value (USD Million), By Country, 2018-2023
Table No. 32: Europe Market Value (USD Million), By Country, 2024-2034
Table No. 33: East Asia Market Value (USD Million), By Product Type, 2018-2023
Table No. 34: East Asia Market Value (USD Million), By Product Type, 2024-2034
Table No. 35: East Asia Market Value (USD Million), By Usage, 2018-2023
Table No. 36: East Asia Market Value (USD Million), By Usage, 2024-2034
Table No. 37: East Asia Market Value (USD Million), By End-Use Industry, 2018-2023
Table No. 38: East Asia Market Value (USD Million), By End-Use Industry, 2024-2034
Table No. 39: East Asia Market Value (USD Million), By Country, 2018-2023
Table No. 40: East Asia Market Value (USD Million), By Country, 2024-2034
Table No. 41: South Asia & Oceania Market Value (USD Million), By Product Type, 2018-2023
Table No. 42: South Asia & Oceania Market Value (USD Million), By Product Type, 2024-2034
Table No. 43: South Asia & Oceania Market Value (USD Million), By Usage, 2018-2023
Table No. 44: South Asia & Oceania Market Value (USD Million), By Usage, 2024-2034
Table No. 45: South Asia & Oceania Market Value (USD Million), By End-Use Industry, 2018-2023
Table No. 46: South Asia & Oceania Market Value (USD Million), By End-Use Industry, 2024-2034
Table No. 47: South Asia & Oceania Market Value (USD Million), By Country, 2018-2023
Table No. 48: South Asia & Oceania Market Value (USD Million), By Country, 2024-2034
Table No. 49: Middle East & Africa Market Value (USD Million), By Product Type, 2018-2023
Table No. 50: Middle East & Africa Market Value (USD Million), By Product Type, 2024-2034
Table No. 51: Middle East & Africa Market Value (USD Million), By Usage, 2018-2023
Table No. 52: Middle East & Africa Market Value (USD Million), By Usage, 2024-2034
Table No. 53: Middle East & Africa Market Value (USD Million), By End-Use Industry, 2018-2023
Table No. 54: Middle East & Africa Market Value (USD Million), By End-Use Industry, 2024-2034
Table No. 55: Middle East & Africa Market Value (USD Million), By Country, 2018-2023
Table No. 56: Middle East & Africa Market Value (USD Million), By Country, 2024-2034
Table No. 57: United States Market Value (USD Million) Analysis and Forecast, 2018-2034
Table No. 58: Brazil Market Value (USD Million) Analysis and Forecast, 2018-2034
Table No. 59: Russia Market Value (USD Million) Analysis and Forecast, 2018-2034
Table No. 60: Germany Market Value (USD Million) Analysis and Forecast, 2018-2034
Table No. 61: Japan Market Value (USD Million) Analysis and Forecast, 2018-2034
Table No. 62: India Market Value (USD Million) Analysis and Forecast, 2018-2034
Table No. 63: ANZ Market Value (USD Million) Analysis and Forecast, 2018-2034
Table No. 64: Turkey Market Value (USD Million) Analysis and Forecast, 2018-2034
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List Of Figures
Figure No. 01: Global Market Value (USD Million) & Volume (Units) Analysis, 2018, 2024 and 2034
Figure No. 02: Global Market Value (USD Million) & Volume (Units) Scenario Forecast, 2024 & 2034
Figure No. 03: Global Market Value (USD Million) & Volume (Units) Forecast and Analysis, 2018-2023
Figure No. 04: Global Market Value (USD Million) & Volume (Units) Forecast and Analysis, 2024-2034
Figure No. 05: Global Market Value Y-o-Y Growth and Forecast, 2018-2034
Figure No. 06: Global Market Incremental $ Opportunity, 2023-2034
Figure No. 07: Global Market Value (USD Million) & Volume (Units) Forecast, By Power/Electric, 2018-2034
Figure No. 08: Global Market Incremental $ Opportunity, 2023-2034
Figure No. 09: Global Market Share Analysis, By Product Type
Figure No. 10: Global Market Y-o-Y Growth Projections, By Product Type, 2023-2034
Figure No. 11: Global Market Attractiveness Analysis, By Product Type, 2024-2034
Figure No. 12: Global Market Value (USD Million) & Volume (Units) Forecast, By Roving, 2018-2034
Figure No. 13: Global Market Incremental $ Opportunity, By Roving, 2023-2034
Figure No. 14: Global Market Value (USD Million) & Volume (Units) Forecast, By Chopped Strands, 2018-2034
Figure No. 15: Global Market Incremental $ Opportunity, By Chopped Strands, 2023-2034
Figure No. 16: Global Market Value (USD Million) & Volume (Units) Forecast, By Fabric, 2018-2034
Figure No. 17: Global Market Incremental $ Opportunity, By Fabric, 2023-2034
Figure No. 18: Global Market Value (USD Million) & Volume (Units) Forecast, By Mesh and Grids, 2018-2034
Figure No. 19: Global Market Incremental $ Opportunity, By Mesh and Grids, 2023-2034
Figure No. 20: Global Market Value (USD Million) & Volume (Units) Forecast, By Others, 2018-2034
Figure No. 21: Global Market Incremental $ Opportunity, By Others, 2023-2034
Figure No. 22: Global Market Value (USD Million) & Volume (Units) Forecast, By Product Type, 2018-2034
Figure No. 23: Global Market Incremental $ Opportunity, By Product Type, 2023-2034
Figure No. 24: Global Market Share Analysis, By Usage, 2024-2034
Figure No. 25: Global Market Y-o-Y Growth Projections, By Usage, 2023-2034
Figure No. 26: Global Market Attractiveness Analysis, By Usage, 2023-2034
Figure No. 27: Global Market Value (USD Million) & Volume (Units) Forecast, By Composites, 2018-2034
Figure No. 28: Global Market Incremental $ Opportunity, By Composites, 2023-2034
Figure No. 29: Global Market Value (USD Million) & Volume (Units) Forecast, By Non-Composites, 2018-2034
Figure No. 30: Global Market Incremental $ Opportunity, By Non- Composites, 2023-2034
Figure No. 31: Global Market Share Analysis, By End-Use Industry, 2024-2034
Figure No. 32: Global Market Y-o-Y Growth Projections, By End-Use Industry, 2023-2034
Figure No. 33: Global Market Attractiveness Analysis, By End-Use Industry, 2024-2034
Figure No. 34: Global Market Value (USD Million) & Volume (Units) Forecast, By Building and Construction, 2018-2034
Figure No. 35: Global Market Incremental $ Opportunity, By Building and Construction, 2023-2034
Figure No. 36: Global Market Value (USD Million) & Volume (Units) Forecast, By Automotive, 2018-2034
Figure No. 37: Global Market Incremental $ Opportunity, By Automotive, 2023-2034
Figure No. 38: Global Market Value (USD Million) & Volume (Units) Forecast, By Aerospace and Defense, 2018-2034
Figure No. 39: Global Market Incremental $ Opportunity, By Aerospace and Defense, 2023-2034
Figure No. 40: Global Market Value (USD Million) & Volume (Units) Forecast, By Ship Building, 2018-2034
Figure No. 41: Global Market Incremental $ Opportunity, By Ship Building, 2023-2034
Figure No. 42: Global Market Value (USD Million) & Volume (Units) Forecast, By Wind Energy, 2018-2034
Figure No. 43: Global Market Incremental $ Opportunity, By Wind Energy, 2023-2034
Figure No. 44: Global Market Value (USD Million) & Volume (Units) Forecast, By Sports accessories and others, 2018-2034
Figure No. 45: Global Market Incremental $ Opportunity, By Sports accessories and others, 2023-2034
Figure No. 46: Global Market Y-o-Y Growth Projections, By Region, 2023-2034
Figure No. 47: Global Market Attractiveness Analysis, By Region, 2024-2034
Figure No. 48: North America Market Value (USD Million) & Volume (Units) Forecast and Analysis, 2018-2023
Figure No. 49: North America Market Value (USD Million) & Volume (Units) Forecast and Analysis, 2023-2034
Figure No. 50: North America Market Value Y-o-Y Growth and Forecast, 2018-2034
Figure No. 51: North America Market Incremental $ Opportunity, 2023-2034
Figure No. 52: North America Market Share Forecast and BPS Change, By Product Type, 2024 and 2034
Figure No. 53: North America Market Share Forecast and BPS Change, By Usage, 2024 and 2034
Figure No. 54: North America Market Share Forecast and BPS Change, By End-Use Industry, 2024 and 2034
Figure No. 55: North America Market Share, Forecast and BPS Change, By Country, 2024 and 2034
Figure No. 56: North America Market Y-o-Y Growth Comparison, By Country, 2024-2034
Figure No. 57: North America Market Attractiveness Analysis, By Country, 2024-2034
Figure No. 58: Latin America Market Value (USD Million) & Volume (Units) Forecast and Analysis, 2018-2023
Figure No. 59: Latin America Market Value (USD Million) & Volume (Units) Forecast and Analysis, 2023-2034
Figure No. 60: Latin America Market Value Y-o-Y Growth and Forecast, 2018-2034
Figure No. 61: Latin America Market Incremental $ Opportunity, 2023-2034
Figure No. 62: Latin America Market Share Forecast and BPS Change, By Product Type, 2024 and 2034
Figure No. 63: Latin America Market Share Forecast and BPS Change, By Usage, 2024 and 2034
Figure No. 64: Latin America Market Share Forecast and BPS Change, By End-Use Industry, 2024 and 2034
Figure No. 65: Latin America Market Share, Forecast and BPS Change, By Country, 2024 and 2034
Figure No. 66: Latin America Market Y-o-Y Growth Comparison, By Country, 2018-2034
Figure No. 67: Latin America Market Attractiveness Analysis, By Country, 2024-2034
Figure No. 68: Europe Market Value (USD Million) & Volume (Units) Forecast and Analysis, 2018-2023
Figure No. 69: Europe Market Value (USD Million) & Volume (Units) Forecast and Analysis, 2024-2034
Figure No. 70: Europe Market Value Y-o-Y Growth and Forecast, 2018-2034
Figure No. 71: Europe Market Incremental $ Opportunity, 2023-2034
Figure No. 72: Europe Market Share Forecast and BPS Change, By Product Type, 2024 and 2034
Figure No. 73: Europe Market Share Forecast and BPS Change, By Usage, 2024 and 2034
Figure No. 74: Europe Market Share Forecast and BPS Change, By End-Use Industry, 2024 and 2034
Figure No. 75: Europe Market Share, Forecast and BPS Change, By Country, 2024 and 2034
Figure No. 76: Europe Market Y-o-Y Growth Comparison, By Country, 2018-2034
Figure No. 77: Europe Market Attractiveness Analysis, By Country, 2024 and 2034
Figure No. 78: East Asia Market Value (USD Million) & Volume (Units) Forecast and Analysis, 2018-2023
Figure No. 79: East Asia Market Value (USD Million) & Volume (Units) Forecast and Analysis, 2024-2034
Figure No. 80: East Asia Market Value Y-o-Y Growth and Forecast, 2018-2034
Figure No. 81: East Asia Market Incremental $ Opportunity, 2023-2034
Figure No. 82: East Asia Market Share Forecast and BPS Change, By Product Type, 2024 and 2034
Figure No. 83: East Asia Market Share Forecast and BPS Change, By Usage, 2024 and 2034
Figure No. 84: East Asia Market Share Forecast and BPS Change, By End-Use Industry, 2024 and 2034
Figure No. 85: East Asia Market Share, Forecast and BPS Change, By Country, 2024 and 2034
Figure No. 86: East Asia Market Y-o-Y Growth Comparison, By Country, 2018-2034
Figure No. 87: East Asia Market Attractiveness Analysis, By Country, 2024-2034
Figure No. 88: South Asia & Oceania Market Value (USD Million) & Volume (Units) Forecast and Analysis, 2018-2023
Figure No. 89: South Asia & Oceania Market Value (USD Million) & Volume (Units) Forecast and Analysis, 2023-2034
Figure No. 90: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2018-2034
Figure No. 91: South Asia & Oceania Market Incremental $ Opportunity, 2023-2034
Figure No. 92: South Asia & Oceania Market Share Forecast and BPS Change, By Product Type, 2024 and 2034
Figure No. 93: South Asia & Oceania Market Share Forecast and BPS Change, By Usage, 2024 and 2034
Figure No. 94: South Asia & Oceania Market Share Forecast and BPS Change, By End-Use Industry, 2024 and 2034
Figure No. 95: South Asia & Oceania Market Share, Forecast and BPS Change, By Country, 2024 and 2034
Figure No. 96: South Asia & Oceania Market Y-o-Y Growth Comparison, By Country, 2018-2034
Figure No. 97: South Asia & Oceania Market Attractiveness Analysis, By Country, 2024-2034
Figure No. 98: MEA Market Value (USD Million) & Volume (Units) Forecast and Analysis, 2018-2023
Figure No. 99: MEA Market Value (USD Million) & Volume (Units) Forecast and Analysis, 2023-2034
Figure No. 100: MEA Market Value Y-o-Y Growth and Forecast, 2018-2034
Figure No. 101: MEA Market Incremental $ Opportunity, 2023-2034
Figure No. 102: MEA Market Share Forecast and BPS Change, By Product Type, 2024 and 2034
Figure No. 103: MEA Market Share Forecast and BPS Change, By Usage, 2024 and 2034
Figure No. 104: MEA Market Share Forecast and BPS Change, By End-Use Industry, 2024 and 2034
Figure No. 105: MEA Market Share, Forecast and BPS Change, By Country, 2024 and 2034
Figure No. 106: MEA Market Y-o-Y Growth Comparison, By Country, 2018-2034
Figure No. 107: MEA Market Attractiveness Analysis, By Country, 2024-2034
Figure No. 108: United States Market Value Share, By Usage, (2024E and 2034F)
Figure No. 109: United States Market Value Share, By Product Type (2024E and 2034F)
Figure No. 110: Brazil Market Value Share, By Usage (2024E and 2034F)
Figure No. 111: Brazil Market Value Share, By Product Type (2024E and 2034F)
Figure No. 112: Russia Market Value Share, By Usage (2024E and 2034F)
Figure No. 113: Russia Market Value Share, By Product Type (2024E and 2034F)
Figure No. 114: Germany Market Value Share, By Usage (2024E and 2034F)
Figure No. 115: Germany Market Value Share, By Product Type (2024E and 2034F)
Figure No. 116: China Market Value Share, By Usage (2024E and 2034F)
Figure No. 117: China Market Value Share, By Product Type (2024E and 2034F)
Figure No. 118: India Market Value Share, By Usage (2024E and 2034F)
Figure No. 119: India Market Value Share, By Product Type (2024E and 2034F)
Figure No. 120: ANZ Market Value Share, By Usage (2024E and 2034F)
Figure No. 121: ANZ Market Value Share, By Product Type (2024E and 2034F)
Figure No. 122: Turkey Market Value Share, By Usage (2024E and 2034F)
Figure No. 123: Turkey Market Value Share, By Product Type (2024E and 2034F)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the size of the basalt fiber market in 2024?
The global basalt fiber market is poised to reach US$ 121.8 million in 2024.
What is the sales outlook for basalt fiber for 2034?
Revenue from the sales of basalt fiber is forecasted to reach US$ 392.1 million by 2034.
What is the projected growth rate for the global market?
The global market has been projected to increase at a CAGR of 12.4% from 2024 to 2034.
What is the contribution of East Asia to global market revenue?
East Asia is forecasted to hold 24.6% share of global market revenue by 2034.
What is the demand projection for basalt fiber in Japan?
The market in Japan is analyzed to rise at a CAGR of 11% from 2024 to 2034.
What is the market scenario for non-composite basalt fiber?
Non-composite basalt fiber is evaluated to account for 69.2% of the global market share by 2034.
Basalt Fiber Market