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Basalt Fibre Market Outlook (2022 to 2032)

FMI has estimated the global basalt fibre market to reach a valuation of US$ 221.0 Million in 2022. Sales prospects of basalt fibre are expected to witness a steady growth rate of 11.6% and are expected to top a valuation of US$ 661.3 Million by 2032.

The rise in demand for basalt fibre from the construction industry as non-corrosive material and increasing demand for basalt fibre as a sustainable replacement for plastic fibre among various end-use industries is boosting the sales of basalt fibre.

Attributes Details
Basalt Fibre Sales (2021A) US$ 206.1 Million
Basalt Fibre Demand (2022E) US$ 221.0 Million
Basalt Fibre Market Projections (2032F) US$ 661.3 Million
Value CAGR (2022 to 2032) 11.6%
Collective Value Share: Top 3 Countries (2022E) 59.4%

Growing concerns regarding sustainability and cost minimization in the construction sector are fueling the demand for basalt fibres. The use of corrosion-free basalt fibre composite bars as reinforcement for concrete is one of the key applications of basalt fibre in the construction industry. Basalt composite mainly consists of 80% fibres, are non-corrosive composite, and has high tensile strength than steel.

Also, compared to steel rebar, basalt fibre-reinforced plastic rebar significantly increase the life of civil engineering structures where corrosion is a major factor. Owing to these properties, the consumption of basalt fibre has significantly increased in the construction sector.

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2016 to 2021 Basalt Fibre Market Outlook Compared to 2022 to 2032 Forecast

The market of basalt fibre witnessed a CAGR of 6.3% over the historical period of 2016 and 2021. Significant growth of various end-use industries, such as automobiles, aircraft, and the construction sector along with increasing awareness about the numerous advantages of basalt fibre has led to an increased demand for basalt fibre over the historical period.

However, as per the current survey conducted by FMI, the forecast growth outlook for the basalt fibre is to remain around 11.6% for the period of 2022 and 2032. Basalt Fiber is a versatile material that finds application in various end-use industries such as construction, mining, automotive, electric and electronic and others. Increasing production of end-use products that use basalt fibre as a composite material is expected to drive the demand for basalt fibre over the forecast period.

For instance, demand for automotive products is increasing globally, with around 5%-7% annual growth. Increasing production to meet global demand is linked to a rise in demand for basalt fibre.

Basalt Fibre Market

What factors bolster the sales of basalt fibre?

Basalt fibre is similar to carbon fibre and fibreglass, although it is less expensive than carbon fibre and has greater mechanical qualities. In addition to being utilised as a composite to produce a variety of end-use products, it is employed as a fireproof textile in the aerospace and automobile industries. Additionally, basalt fibres keep their characteristics in freezing temperatures, are better acid resistant, and are inherently resistant to ultraviolet (UV) and high-energy electromagnetic radiation.

Owing to new stringent government rules and regulations the demand for environmentally friendly and easily recyclable fibre and composite products is increasing drastically. Many consumers prefer to use recyclable products which do not harm the environment. Developed countries such as the USA, Japan, and Germany are focusing on the use of environmentally friendly products rather than petroleum-based products.

These regulations are expected to persuade the producers and end-users to use natural fibre composites including basalt fibre in construction & infrastructure, automotive & transportation, electrical & electronics, marine & other end-use industries.

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What factors impact the growth of the basalt fibre market?

Basalt fibre is a novel material in the fibre and structural composites industries. In comparison to E-glass material, basalt fibre is more expensive. The manufacture of basalt fibre has some technical challenges that make it challenging for the product to compete with other established products. Glass fibre is still the preferred material since basalt fibre applications are unclear and difficult to promote.

Key Manufacturers are making an independent effort to promote the use of basalt fibre in many industries by participating in a number of events and composites conferences. The market for basalt fibre is anticipated to increase considerably in the near future due to the development of new manufacturing methods like Generation 2.0 and the decrease in its cost.

What are the advancements in technologies from the producers front in global basalt fibre market?

The growing advancements in the production front like generation 2.0 production technology, 3-D printing, and the launch of new efficient products for end-users are expected to create a significant opportunity for the basalt fibre manufacturers. Technology 2.0 has made large-scale production of basalt fibre at low cost and increased production efficiency possible.

Generation 2.0 is the best technical solution for producing Basalt fibre which will increase the production capacity of the producers of Basalt Fiber. Many prime manufacturers have started working on Generation 2.0 to produce Basalt Fiber. At present, around 20% of manufacturers are already producing basalt fibre through this technology.

For instance, Anisoprint, a manufacturer of continuous carbon fibre 3D printers and materials, recently launched a basalt fibre composite for use with its 3D printing technology. According to the company, the material, when applied to its 3D printing technology, is 15 times stronger than plastic, five times lighter than steel, and 1.5 times stronger and lighter than aluminium.

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Country-wise Insights

What is the demand outlook for the Basalt Fibre market in the USA?

The USA is expected to remain one of the prominent consumers of basalt fibres globally owing to the increasing demand for basalt fibre from various end-use industries. The country is expected to account for nearly 30% to 35% value share in the global market. A significant increase in the demand for environment-friendly materials from numerous end-use industries due to stringent regulations is bolstering the growth of basalt fibre demand.

Increasing adoption of basalt fibre as a low-cost and lightweight material among various industries, especially construction, automotive, and shipbuilding is also one of the key factors increasing the demand for basalt fibre in the USA The country is expected to create an absolute dollar opportunity of USD 132.9 Million during the forecast period.

What will be the Growth Outlook of the Basalt Fibre Market in the Asia Pacific region?

The Asia Pacific market is significantly diverse in terms of customer base, innovations, and geopolitical conditions. The basalt fibre market in the Asia Pacific is expected to gain traction in the foreseeable future due to the growing construction, automotive, aerospace, mining, and wind energy industries in the region.

East Asia region is expected to be one of the prominent regions in the consumption of basalt fibre, owing to the high demand from China. China is expected to be one of the largest consumers of basalt fibre in the East Asia region, accounting for nearly 85% market share.

This growth is primarily attributable to the increasing presence of basalt fibre manufacturers and the increasing adoption of basalt fibre among various end-user industries. Construction, automotive, and electronics are the key end-use industries for basalt fibre in the country.

Category-wise Insights

What factors are boosting the demand for polymer basalt fibre type?

Based on product type, the global basalt fibre market is segmented into continuous basalt fibres, super thin basalt fibres, staple thin basalt fibres, and basalt scale & materials. The continuous basalt fibre segment is anticipated to remain one of the key product types in the market, accounting for about 65% of the global sales of basalt fibre in 2022 and is expected to continue its dominance in the global basalt fibre market during the forecast period.

This growth is primarily attributable to its increased use in the production of geotextiles, reinforcing materials, high-temperature filters, materials for the automobile industry, reinforcing nets, composite materials, reinforcing concrete building structures and road asphaltic-concrete pavements. The continuous basalt fibre segment is expected to create an absolute dollar opportunity of USD 440.3 Million during the forecast period.

Which is expected to be a key end-use industry for Basalt Fibre Market?

Based on the end-use industry, the global basalt fibre market is categorized into construction, mining, automotive, aerospace, shipbuilding, power generation, electric & electronics, wind turbines, and others. The construction sector is expected to remain a top consumer of basalt fibre and is expected to witness a significant growth rate of 12.1% over the forecast period.

Basalt fibre has high mechanical strength and non-corrosive properties, allowing it to compete with steel and other alloys. When used on a large scale, basalt fibre is less expensive than other building materials and has a lower carbon footprint. As a result, with increased infrastructure development projects around the world, the construction sector is expected to remain a major consumer of basalt fibres.

Competitive Landscape

Key players are investing in Research and Development for the development of innovative products with enhanced applications and also the introduction of sustainable products to minimize the carbon footprint. Companies are also focusing on capacity expansions and geographical expansions in emerging economies to bolster their stronghold in the market. Leading players are also focusing on the acquisition of other market players to increase their consumer base.

For instance:

  • In march 2022, Mafic received an investment of USD 3 Million from the USA Department of Agriculture – RD. The company aims to purchase equipment to expand its production capacity.
  • In November 2021, Kamenny Vek shifted its production from old basalt rock to new silicon & aluminum oxide-rich basalt rock with lower concentrations of iron oxide which will enhance the mechanical strengths of developed fibers.
  • In Sep 2020, Mafic USA partnered with Materials Group to increase the use of basalt fiber in the automotive industry. The companies are aimed to supply basalt fibre to auto OEMs and their tier manufacturing suppliers as sustainable products.

Scope of Report

Attributes Details
Forecast Period 2022 to 2032
Historical Data Available for 2016 to 2021
Market Analysis USD Million for Value and Tons for Volume
Key Countries Covered USA, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, Northern Africa, South Africa
Key Segments Covered Product Type, Application, End-Use Industry, and Region
Key Companies Profiled
  • ASA.TEC GmbH
  • BASALTEX NV
  • Technobasalt
  • Sudaglass Fibre Technology
  • Galen Ltd.
  • Kamenny Vek
  • Basalt Fibre & Composite Materials Technology  Development Co. Ltd. (BF & CMTD)
  • MAFIC SA
  • DOSHINE INTERNATIONAL TRADE CO., LTD.
  • Zhejiang GBF Basalt Fibre Co, Ltd.
  • Sichuan Aerospace Tuoxin Basalt Industries Co. Ltd.
  • Togliattiazot
  • Shanxi Basalt Fibre Technology Co. Ltd.
  • HG GBF Basalt Fibre Co, Ltd
  • Basalt America (Paymeon, Inc.)
  • Mineral 7 CJSC
  • ARMBAS
  • JiangSu TianLong Continuous Basalt Fibre High-tech Co., Ltd.
  • Jiangsu Green Materials Vally New Material T&D Co., Ltd (GMV)
  • Incotelogy GmbH
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available Upon Request

Basalt Fibre Market Segmentation

By Product Type:

  • Continuous Basalt Fibers
  • Super Thin Basalt Fibers
  • Staple Thin Basalt Fibers
  • Basalt Scale & Materials

By Application:

  • Composite
  • Non-Composite

By End-Use Industry:

  • Construction
  • Mining
  • Automotive
  • Aerospace
  • Shipbuilding
  • Power Generation
  • Electric & Electronics
  • Wind Turbines
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Frequently Asked Questions

What is the current size of the Global Basalt Fibre Market?

The global market of basalt fibre is estimated to reach a valuation of US$ 221.0 Million in 2022.

What is the demand outlook for Basalt Fibre in various applications?

The sulphur coating urea demand is anticipated to witness a growth rate of 11.6% over the forecast period of 2022 and 2032 in terms of value.

What are the key end-use industries in the basalt fibre market?

Construction and automotive are the key end-use industries of basalt fibre. Together, these industries consume about 75%-80% of the basalt fibre globally.

Who are the key players in the global market for Basalt Fibre?

According to FMI analysis, ASA.TEC GmbH, Basaltex, Technobasalt-Invest, LLC, Sudaglass Fiber Technology, Galen LLC, Kamenny Vek Basfibre, MAFIC SA, Zhejiang GBF Basalt Fiber Co. Ltd., Sichuan Aerospace Tuoxin Basalt Industrial Co. Ltd., Togliattiazot, Shanxi Basalt Fiber Technology Co. Ltd., HG GBF Basalt Fiber Co. Ltd., are identified as the key manufacturers in the basalt fibre market.

What is the estimated market share of the key players in the Global basalt fibre market?

Key players in the global basalt fibre market are expected to account for about 55 - 60% of the overall market share.

Table of Content

1. Executive Summary | Basalt Fibre Market

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032

    5.1. Historical Market Volume (Tons) Analysis, 2017 to 2021

    5.2. Current and Future Market Volume (Tons) Projections, 2022 to 2032

    5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Product Type and Pricing Forecast

        6.1.1. Distributor Level pricing

        6.1.2. Manufacturer Level pricing

    6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032

    7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021

    7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Global Economic Outlook

        8.1.2. GDP Growth Overview

        8.1.3. Global Automotive Industry Overview

        8.1.4. Construction Industry Outlook

        8.1.5. Urban Population Growth Outlook

    8.2. Forecast Factors - Relevance & Impact

        8.2.1. GDP Growth

        8.2.2. Ongoing Research & Development Activity

        8.2.3. Growth in Construction Industry

        8.2.4. Transportation Industry Growth

        8.2.5. Raw Material Price And Availability Impact

        8.2.6. Covid-19 Impact

    8.3. Value Chain

        8.3.1. Product Manufacturers

        8.3.2. End Users

    8.4. Market Dynamics

        8.4.1. Drivers

        8.4.2. Restraints

        8.4.3. Opportunity Analysis

    8.5. Supply/Demand Analysis

    8.6. COVID-19 Crisis - Impact Assessment

        8.6.1. Current Statistics

        8.6.2. Short-Mid-Long Term Outlook

        8.6.3. Likely Rebound

    8.7. Russia-Ukraine Conflict - Impact Analysis

9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Million) and Volume Analysis By Product Type, 2017 to 2021

    9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Product Type, 2022 to 2032

        9.3.1. Continuous Basalt Fibres

        9.3.2. Super Thin Basalt Fibres

        9.3.3. Staple Thin Basalt Fibres

        9.3.4. Basalt Scale & Materials

    9.4. Market Attractiveness Analysis By Product Type

10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Million) and Volume Analysis By Application, 2017 to 2021

    10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Application, 2022 to 2032

        10.3.1. Composite

        10.3.2. Non Composite

    10.4. Market Attractiveness Analysis By Application

11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-Use Industry

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Million) and Volume Analysis By End-Use Industry, 2017 to 2021

    11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End-Use Industry, 2022 to 2032

        11.3.1. Construction

        11.3.2. Mining

        11.3.3. Automotive

        11.3.4. Aerospace

        11.3.5. Shipbuilding

        11.3.6. Power Generation

        11.3.7. Electric & Electronics

        11.3.8. Wind Turbines

        11.3.9. Others

    11.4. Analysis By End-Use Industry

12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region

    12.1. Introduction

    12.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021

    12.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Europe

        12.3.4. East Asia

        12.3.5. South Asia and Pacific

        12.3.6. Middle East and Africa

    12.4. Market Attractiveness Analysis By Region

13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        13.4.1. By Country

            13.4.1.1. USA

            13.4.1.2. Canada

        13.4.2. By Product Type

        13.4.3. By Application

        13.4.4. By End-Use Industry

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Product Type

        13.5.3. By Application

        13.5.4. By End-Use Industry

    13.6. Market Trends

    13.7. Drivers and Restraints - Impact Analysis

14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        14.4.1. By Country

            14.4.1.1. Brazil

            14.4.1.2. Mexico

            14.4.1.3. Rest of Latin America

        14.4.2. By Product Type

        14.4.3. By Application

        14.4.4. By End-Use Industry

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Product Type

        14.5.3. By Application

        14.5.4. By End-Use Industry

    14.6. Market Trends

    14.7. Drivers and Restraints - Impact Analysis

15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        15.4.1. By Country

            15.4.1.1. Germany

            15.4.1.2. Italy

            15.4.1.3. France

            15.4.1.4. United Kingdom

            15.4.1.5. Spain

            15.4.1.6. BENELUX

            15.4.1.7. Russia

            15.4.1.8. Rest of Europe

        15.4.2. By Product Type

        15.4.3. By Application

        15.4.4. By End-Use Industry

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Product Type

        15.5.3. By Application

        15.5.4. By End-Use Industry

    15.6. Market Trends

    15.7. Drivers and Restraints - Impact Analysis

16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        16.4.1. By Country

            16.4.1.1. China

            16.4.1.2. Japan

            16.4.1.3. South Korea

        16.4.2. By Product Type

        16.4.3. By Application

        16.4.4. By End-Use Industry

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Product Type

        16.5.3. By Application

        16.5.4. By End-Use Industry

    16.6. Market Trends

    16.7. Drivers and Restraints - Impact Analysis

17. South Asia and Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        17.4.1. By Country

            17.4.1.1. India

            17.4.1.2. ASEAN

            17.4.1.3. Oceania

            17.4.1.4. Rest of South Asia & Pacific

        17.4.2. By Product Type

        17.4.3. By Application

        17.4.4. By End-Use Industry

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Product Type

        17.5.3. By Application

        17.5.4. By End-Use Industry

    17.6. Market Trends

    17.7. Drivers and Restraints - Impact Analysis

18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        18.4.1. By Country

            18.4.1.1. GCC Countries

            18.4.1.2. Turkey

            18.4.1.3. Northern Africa

            18.4.1.4. South Africa

            18.4.1.5. Rest of Middle East and Africa

        18.4.2. By Product Type

        18.4.3. By Application

        18.4.4. By End-Use Industry

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Product Type

        18.5.3. By Application

        18.5.4. By End-Use Industry

    18.6. Market Trends

    18.7. Drivers and Restraints - Impact Analysis

19. Country-Wise Market Analysis

    19.1. Introduction

        19.1.1. Market Value Proportion Analysis, By Key Countries

        19.1.2. Global Vs. Country Growth Comparison

    19.2. USA Market Analysis

        19.2.1. By Product Type

        19.2.2. By Application

        19.2.3. By End-Use Industry

    19.3. Canada Market Analysis

        19.3.1. By Product Type

        19.3.2. By Application

        19.3.3. By End-Use Industry

    19.4. Mexico Market Analysis

        19.4.1. By Product Type

        19.4.2. By Application

        19.4.3. By End-Use Industry

    19.5. Brazil Market Analysis

        19.5.1. By Product Type

        19.5.2. By Application

        19.5.3. By End-Use Industry

    19.6. Germany Market Analysis

        19.6.1. By Product Type

        19.6.2. By Application

        19.6.3. By End-Use Industry

    19.7. Italy Market Analysis

        19.7.1. By Product Type

        19.7.2. By Application

        19.7.3. By End-Use Industry

    19.8. France Market Analysis

        19.8.1. By Product Type

        19.8.2. By Application

        19.8.3. By End-Use Industry

    19.9. United Kingdom Market Analysis

        19.9.1. By Product Type

        19.9.2. By Application

        19.9.3. By End-Use Industry

    19.10. Spain Market Analysis

        19.10.1. By Product Type

        19.10.2. By Application

        19.10.3. By End-Use Industry

    19.11. Russia Market Analysis

        19.11.1. By Product Type

        19.11.2. By Application

        19.11.3. By End-Use Industry

    19.12. China Market Analysis

        19.12.1. By Product Type

        19.12.2. By Application

        19.12.3. By End-Use Industry

    19.13. Japan Market Analysis

        19.13.1. By Product Type

        19.13.2. By Application

        19.13.3. By End-Use Industry

    19.14. S. Korea Market Analysis

        19.14.1. By Product Type

        19.14.2. By Application

        19.14.3. By End-Use Industry

    19.15. India Market Analysis

        19.15.1. By Product Type

        19.15.2. By Application

        19.15.3. By End-Use Industry

    19.16. ASEAN Market Analysis

        19.16.1. By Product Type

        19.16.2. By Application

        19.16.3. By End-Use Industry

    19.17. Australia and New Zealand Market Analysis

        19.17.1. By Product Type

        19.17.2. By Application

        19.17.3. By End-Use Industry

    19.18. GCC Countries Market Analysis

        19.18.1. By Product Type

        19.18.2. By Application

        19.18.3. By End-Use Industry

    19.19. Turkey Market Analysis

        19.19.1. By Product Type

        19.19.2. By Application

        19.19.3. By End-Use Industry

    19.20. Northern Africa Market Analysis

        19.20.1. By Product Type

        19.20.2. By Application

        19.20.3. By End-Use Industry

    19.21. South Africa Market Analysis

        19.21.1. By Product Type

        19.21.2. By Application

        19.21.3. By End-Use Industry

20. Market Structure Analysis

    20.1. Market Analysis by Tier of Companies (Basalt Fibre)

    20.2. Market Concentration

    20.3. Market Share Analysis of Top Players

    20.4. Production Capacity Analysis

    20.5. Market Presence Analysis

        20.5.1. By Product Type Footprint of Players

        20.5.2. By Regional Footprint of Players

21. Competition Analysis

    21.1. Competition Dashboard

    21.2. Competition Benchmarking

    21.3. Competition Deep Dive

        21.3.1. ASA.TEC GmbH

            21.3.1.1. Overview

            21.3.1.2. Product Portfolio

            21.3.1.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.1.4. Sales Footprint

            21.3.1.5. Strategy Overview

                21.3.1.5.1. Marketing Strategy

                21.3.1.5.2. Product Strategy

                21.3.1.5.3. Channel Strategy

        21.3.2. Basaltex

            21.3.2.1. Overview

            21.3.2.2. Product Portfolio

            21.3.2.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.2.4. Sales Footprint

            21.3.2.5. Strategy Overview

                21.3.2.5.1. Marketing Strategy

                21.3.2.5.2. Product Strategy

                21.3.2.5.3. Channel Strategy

        21.3.3. Technobasalt-Invest, LLC

            21.3.3.1. Overview

            21.3.3.2. Product Portfolio

            21.3.3.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.3.4. Sales Footprint

            21.3.3.5. Strategy Overview

                21.3.3.5.1. Marketing Strategy

                21.3.3.5.2. Product Strategy

                21.3.3.5.3. Channel Strategy

        21.3.4. Sudaglass Fibre Technology

            21.3.4.1. Overview

            21.3.4.2. Product Portfolio

            21.3.4.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.4.4. Sales Footprint

            21.3.4.5. Strategy Overview

                21.3.4.5.1. Marketing Strategy

                21.3.4.5.2. Product Strategy

                21.3.4.5.3. Channel Strategy

        21.3.5. Galen LLC

            21.3.5.1. Overview

            21.3.5.2. Product Portfolio

            21.3.5.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.5.4. Sales Footprint

            21.3.5.5. Strategy Overview

                21.3.5.5.1. Marketing Strategy

                21.3.5.5.2. Product Strategy

                21.3.5.5.3. Channel Strategy

        21.3.6. Kamenny Vek BasFibre

            21.3.6.1. Overview

            21.3.6.2. Product Portfolio

            21.3.6.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.6.4. Sales Footprint

            21.3.6.5. Strategy Overview

                21.3.6.5.1. Marketing Strategy

                21.3.6.5.2. Product Strategy

                21.3.6.5.3. Channel Strategy

        21.3.7. MAFIC SA

            21.3.7.1. Overview

            21.3.7.2. Product Portfolio

            21.3.7.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.7.4. Sales Footprint

            21.3.7.5. Strategy Overview

                21.3.7.5.1. Marketing Strategy

                21.3.7.5.2. Product Strategy

                21.3.7.5.3. Channel Strategy

        21.3.8. Zhejiang GBF Co. Ltd.

            21.3.8.1. Overview

            21.3.8.2. Product Portfolio

            21.3.8.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.8.4. Sales Footprint

            21.3.8.5. Strategy Overview

                21.3.8.5.1. Marketing Strategy

                21.3.8.5.2. Product Strategy

                21.3.8.5.3. Channel Strategy

        21.3.9. Sichuan Aerospace Tuoxin Basalt Industrial Co. Ltd.

            21.3.9.1. Overview

            21.3.9.2. Product Portfolio

            21.3.9.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.9.4. Sales Footprint

            21.3.9.5. Strategy Overview

                21.3.9.5.1. Marketing Strategy

                21.3.9.5.2. Product Strategy

                21.3.9.5.3. Channel Strategy

        21.3.10. Togliattiazot

            21.3.10.1. Overview

            21.3.10.2. Product Portfolio

            21.3.10.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.10.4. Sales Footprint

            21.3.10.5. Strategy Overview

                21.3.10.5.1. Marketing Strategy

                21.3.10.5.2. Product Strategy

                21.3.10.5.3. Channel Strategy

        21.3.11. Shanxi Technology Co. Ltd.

            21.3.11.1. Overview

            21.3.11.2. Product Portfolio

            21.3.11.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.11.4. Sales Footprint

            21.3.11.5. Strategy Overview

                21.3.11.5.1. Marketing Strategy

                21.3.11.5.2. Product Strategy

                21.3.11.5.3. Channel Strategy

        21.3.12. HG GBF Co. Ltd.

            21.3.12.1. Overview

            21.3.12.2. Product Portfolio

            21.3.12.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.12.4. Sales Footprint

            21.3.12.5. Strategy Overview

                21.3.12.5.1. Marketing Strategy

                21.3.12.5.2. Product Strategy

                21.3.12.5.3. Channel Strategy

        21.3.13. Basanite Industries

            21.3.13.1. Overview

            21.3.13.2. Product Portfolio

            21.3.13.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.13.4. Sales Footprint

            21.3.13.5. Strategy Overview

                21.3.13.5.1. Marketing Strategy

                21.3.13.5.2. Product Strategy

                21.3.13.5.3. Channel Strategy

        21.3.14. Jiangsu TianLong Continuous High-tech Co., Ltd.

            21.3.14.1. Overview

            21.3.14.2. Product Portfolio

            21.3.14.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.14.4. Sales Footprint

            21.3.14.5. Strategy Overview

                21.3.14.5.1. Marketing Strategy

                21.3.14.5.2. Product Strategy

                21.3.14.5.3. Channel Strategy

        21.3.15. Jiangsu Green Materials Vally New Material T&D Co., Ltd.

            21.3.15.1. Overview

            21.3.15.2. Product Portfolio

            21.3.15.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.15.4. Sales Footprint

            21.3.15.5. Strategy Overview

                21.3.15.5.1. Marketing Strategy

                21.3.15.5.2. Product Strategy

                21.3.15.5.3. Channel Strategy

        21.3.16. Incotelogy GmbH

            21.3.16.1. Overview

            21.3.16.2. Product Portfolio

            21.3.16.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.16.4. Sales Footprint

            21.3.16.5. Strategy Overview

                21.3.16.5.1. Marketing Strategy

                21.3.16.5.2. Product Strategy

                21.3.16.5.3. Channel Strategy

        21.3.17. Armbasalt CJSC

            21.3.17.1. Overview

            21.3.17.2. Product Portfolio

            21.3.17.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.17.4. Sales Footprint

            21.3.17.5. Strategy Overview

                21.3.17.5.1. Marketing Strategy

                21.3.17.5.2. Product Strategy

                21.3.17.5.3. Channel Strategy

        21.3.18. Russian Basalt

            21.3.18.1. Overview

            21.3.18.2. Product Portfolio

            21.3.18.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.18.4. Sales Footprint

            21.3.18.5. Strategy Overview

                21.3.18.5.1. Marketing Strategy

                21.3.18.5.2. Product Strategy

                21.3.18.5.3. Channel Strategy

        21.3.19. Isomatex S.A.

            21.3.19.1. Overview

            21.3.19.2. Product Portfolio

            21.3.19.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.19.4. Sales Footprint

            21.3.19.5. Strategy Overview

                21.3.19.5.1. Marketing Strategy

                21.3.19.5.2. Product Strategy

                21.3.19.5.3. Channel Strategy

        21.3.20. & Composite Materials Technology Development Co. Ltd.

            21.3.20.1. Overview

            21.3.20.2. Product Portfolio

            21.3.20.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.20.4. Sales Footprint

            21.3.20.5. Strategy Overview

                21.3.20.5.1. Marketing Strategy

                21.3.20.5.2. Product Strategy

                21.3.20.5.3. Channel Strategy

        21.3.21. ReforceTech AS

            21.3.21.1. Overview

            21.3.21.2. Product Portfolio

            21.3.21.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.21.4. Sales Footprint

            21.3.21.5. Strategy Overview

                21.3.21.5.1. Marketing Strategy

                21.3.21.5.2. Product Strategy

                21.3.21.5.3. Channel Strategy

22. Assumptions and Acronyms Used

23. Research Methodology

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List of Tables

Table 01: Global Market Size Value (US$ Million) Forecast By Product Type, 2016 to 2032

Table 02: Global Market Size Volume (Tons) and Value (US$ Million) Forecast By Application, 2017 to 2032

Table 03: Global Market Size Volume (Tons) and Value (US$ Million) Forecast By End-Use Industry, 2017 to 2032

Table 04: Global Market Size Volume (Tons) and Value (US$ Million) Forecast By Region, 2017 to 2032

Table 05: North America Size (US$ Thousand) and Volume (Tons) Forecast by Country, 2016 to 2032

Table 06: North America Market Size Value (US$ Million) Forecast By Product Type, 2016 to 2032

Table 07: North America Market Size Volume (Tons) and Value (US$ Million) Forecast By Application, 2017 to 2032

Table 08: North America Market Size Volume (Tons) and Value (US$ Million) Forecast By End-Use Industry, 2017 to 2032

Table 09: Latin America Size (US$ Thousand) and Volume (Tons) Forecast by Country, 2016 to 2032

Table 10: Latin America Market Size Value (US$ Million) Forecast By Product Type, 2016 to 2032

Table 11: Latin America Market Size Volume (Tons) and Value (US$ Million) Forecast By Application, 2017 to 2032

Table 12: Latin America Market Size Volume (Tons) and Value (US$ Million) Forecast By End-Use Industry, 2017 to 2032

Table 13: Europe Size Value (US$ Thousand) Forecast By Country, 2016 to 2032

Table 14: Europe Market Size Value (US$ Million) Forecast By Product Type, 2016 to 2032

Table 15: Europe Market Size Volume (Tons) and Value (US$ Million) Forecast By Application, 2017 to 2032

Table 16: Europe Market Size Volume (Tons) and Value (US$ Million) Forecast By End-Use Industry, 2017 to 2032

Table 17: East Asia Size (US$ Thousand) and Volume (Tons) Forecast by Country, 2016 to 2032

Table 18: East Asia Size Volume (Tons) and Value (US$ Thousand) Forecast By Product Type, 2016 to 2032

Table 19: East Asia Size Volume (Tons) and Value (US$ Thousand) Forecast By Application, 2016 to 2032

Table 20: East Asia Size Volume (Tons) and Value (US$ Thousand) Forecast By End Use, 2016 to 2032

Table 21: South Asia-Pacific Size (US$ Thousand) and Volume (Tons) Forecast by Country, 2016 to 2032

Table 22: South Asia-Pacific Size Volume (Tons) and Value (US$ Thousand) Forecast By Product Type, 2016 to 2032

Table 23: South Asia-Pacific Size Volume (Tons) and Value (US$ Thousand) Forecast By Application, 2016 to 2032

Table 24: South Asia Pacific Size Volume (Tons) and Value (US$ Thousand) Forecast By End Use, 2016 to 2032

Table 25: MEA Size (US$ Thousand) and Volume (Tons) Forecast by Country, 2016 to 2032

Table 26: MEA Size Volume (Tons) and Value (US$ Thousand) Forecast By Product Type, 2016 to 2032

Table 27: MEA Size Volume (Tons) and Value (US$ Thousand) Forecast By Application, 2016 to 2032

Table 28: MEA Size Volume (Tons) and Value (US$ Thousand) Forecast By End Use, 2016 to 2032
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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List of Charts

Figure 01: Global Basalt Fibre) Market Historical Volume (Tons), 2017 to 2022

Figure 02: Global Market Current and Forecast Volume (Tons), 2022 to 2032

Figure 03: Global Market Historical Value (US$ Million), 2016 to 2020

Figure 04: Global Market Current and Forecast Value (US$ Million), 2022 to 2032

Figure 05: Global Market Incremental $ Opportunity (US$ Million), 2022 to 2032

Figure 06: Global Market Share and BPS Analysis By Product Type– 2022 & 2032

Figure 07: Global Market Y-o-Y Growth Projections By Product Type, 2022 to 2032

Figure 08: Global Market Attractiveness Analysis By Product Type, 2022 to 2032

Figure 09: Global Market Absolute $ Opportunity by  Continuous Basalt Fibres Segment, 2017 to 2032

Figure 10: Global Market Absolute $ Opportunity by Super Thin Basalt Fibres Segment, 2017 to 2032

Figure 11: Global Market Absolute $ Opportunity by Staple thin Basalt Fibres Segment, 2017 to 2032

Figure 12: Global Market Absolute $ Opportunity by Basalt Scale & Materials Segment, 2017 to 2032

Figure 13: Global Market Share and BPS Analysis By Application– 2022 & 2032

Figure 14: Global Market Y-o-Y Growth Projections By Application, 2022 to 2032

Figure 15: Global Market Attractiveness Analysis By Application, 2022 to 2032

Figure 16: Global Market Absolute $ Opportunity by Composite Segment, 2017 to 2032

Figure 17: Global Market Absolute $ Opportunity by Non Composite Segment, 2017 to 2032

Figure 18: Global Market Share and BPS Analysis By End-Use Industry– 2022 & 2032

Figure 19: Global Market Y-o-Y Growth Projections By End-Use Industry, 2022 to 2032

Figure 20: Global Market Attractiveness Analysis By End-Use Industry, 2022 to 2032

Figure 21: Global  Market Absolute $ Opportunity by Construction Segment

Figure 22: Global Market Absolute $ Opportunity by Mining Segment

Figure 23: Global Market Absolute $ Opportunity by Automotive Segment

Figure 24: Global Market Absolute $ Opportunity by Aerospace Segment

Figure 25: Global Market Absolute $ Opportunity by Shipbuilding Segment

Figure 26: Global  Market Absolute $ Opportunity by Power Generation Segment

Figure 27: Global Market Absolute $ Opportunity by Electric & Electronic Segment

Figure 28: Global  Market Absolute $ Opportunity by Wind Turbines Segment

Figure 29: Global  Market Absolute $ Opportunity by Others Segment

Figure 30: Global Market Share and BPS Analysis By Region – 2022 & 2032

Figure 31: Global Market Y-o-Y Growth Projections By Region, 2022 to 2032

Figure 32: Global Market Attractiveness Analysis By Region, 2022 to 2032

Figure 33: Global Market Absolute $ Opportunity by North America Segment, 2017 to 2032

Figure 34: Global Market Absolute $ Opportunity by Latin America Segment, 2017 to 2032

Figure 35: Global Market Absolute $ Opportunity by Europe Segment, 2017 to 2032

Figure 36: Global Market Absolute $ Opportunity by East Asia Segment, 2017 to 2032

Figure 37: Global Market Absolute $ Opportunity by SAPeI Segment, 2017 to 2032

Figure 38: Global Market Absolute $ Opportunity by Segment, 2017 to 2032

Figure 39: North America Share and BPS Analysis by Country – 2022 & 2032

Figure 40: North America Y-o-Y Growth Projections by Country, 2022 to 2032

Figure 41: North America Attractiveness Analysis by Country, 2022-2032

Figure 42: North America Market Share and BPS Analysis By Product Type – 2022 & 2032

Figure 43: North America Market Y-o-Y Growth Projections By Product Type, 2022 to 2032

Figure 44: North America Market Attractiveness Analysis By Product Type, 2022 to 2032

Figure 45: North America Market Share and BPS Analysis By Application – 2022 & 2032

Figure 46: North America Market Y-o-Y Growth Projections By Application, 2022 to 2032

Figure 47: North America Market Attractiveness Analysis By Application, 2022 to 2032

Figure 48: North America Market Share and BPS Analysis By End-Use Industry – 2022 & 2032

Figure 49: North America Market Y-o-Y Growth Projections By End-Use Industry, 2022 to 2032

Figure 50: North America Market Attractiveness Analysis By End-Use Industry, 2022 to 2032

Figure 51: Latin America Share and BPS Analysis by Country – 2022 & 2032

Figure 52: Latin America Y-o-Y Growth Projections by Country, 2022 to 2032

Figure 53: Latin America Attractiveness Analysis by Country, 2022-2032

Figure 54: Latin America Market Share and BPS Analysis By Product Type – 2022 & 2032

Figure 55: Latin America Market Y-o-Y Growth Projections By Product Type, 2022 to 2032

Figure 56: Latin America Market Attractiveness Analysis By Product Type, 2022 to 2032

Figure 57: Latin America Market Share and BPS Analysis By Application – 2022 & 2032

Figure 58: Latin America Market Y-o-Y Growth Projections By Application, 2022 to 2032

Figure 59: Latin America Market Attractiveness Analysis By Application, 2022 to 2032

Figure 60: Latin America Market Share and BPS Analysis By End-Use Industry – 2022 & 2032

Figure 61: Latin America Market Y-o-Y Growth Projections By End-Use Industry, 2022 to 2032

Figure 62: Latin America Market Attractiveness Analysis By End-Use Industry, 2022 to 2032

Figure 63: Europe Share and BPS Analysis by Country – 2022 & 2032

Figure 64: Europe Y-o-Y Growth Projections by Country, 2022 to 2032

Figure 65: Europe Attractiveness Analysis by Country, 2022-2032

Figure 66: Europe Market Share and BPS Analysis By Product Type – 2022 & 2032

Figure 67: Europe Market Y-o-Y Growth Projections By Product Type, 2022 to 2032

Figure 68: Europe Market Attractiveness Analysis By Product Type, 2022 to 2032

Figure 69: Europe Market Share and BPS Analysis By Application – 2022 & 2032

Figure 70: Europe Market Y-o-Y Growth Projections By Application, 2022 to 2032

Figure 71: Europe Market Attractiveness Analysis By Application, 2022 to 2032

Figure 72: Europe Market Share and BPS Analysis By End-Use Industry – 2022 & 2032

Figure 73: Europe Market Y-o-Y Growth Projections By End-Use Industry, 2022 to 2032

Figure 74: Europe Market Attractiveness Analysis By End-Use Industry, 2022 to 2032

Figure 75: East Asia Share and BPS Analysis by Country – 2022 & 2032

Figure 76: East Asia Y-o-Y Growth Projections by Country, 2022 to 2032

Figure 77: East Asia Attractiveness Analysis by Country, 2020-2030

Figure 78: East Asia Share and BPS Analysis By Product Type – 2022 & 2032

Figure 79: East Asia Y-o-Y Growth Projections By Product Type, 2022 to 2032

Figure 80: East Asia Attractiveness Analysis By Product Type, 2022-2032

Figure 81: East Asia Share and BPS Analysis By Application – 2022 & 2032

Figure 82: East Asia Y-o-Y Growth Projections By Application, 2022 – 2032

Figure 83: East Asia Attractiveness Analysis By Application, 2022-2032

Figure 84: East Asia Share and BPS Analysis By End Use – 2022 & 2032

Figure 85: East Asia Y-o-Y Growth Projections By End Use, 2022 to 2032

Figure 86: East Asia Attractiveness Analysis By End Use, 2022-2032

Figure 87: South Asia-Pacific Share and BPS Analysis by Country – 2022 & 2032

Figure 88: South Asia-Pacific Basalt Fibre  Y-o-Y Growth Projections by Country, 2022 to 2032

Figure 89: South Asia-Pacific Attractiveness Analysis by Country, 2022-2032

Figure 90: South Asia-Pacific Share and BPS Analysis By Product Type – 2022 & 2032

Figure 91: South Asia-Pacific Y-o-Y Growth Projections By Product Type, 2022- 2032

Figure 92: South Asia-Pacific Attractiveness Analysis By Product Type, 2022 to 2032

Figure 93: South Asia-Pacific Share and BPS Analysis By Application – 2022 & 2032

Figure 94: South Asia-Pacific Y-o-Y Growth Projections By Application, 2022 to 2032

Figure 95: South Asia-Pacific Attractiveness Analysis By Application, 2022 to 2032

Figure 96: South Asia-Pacific Share and BPS Analysis By End Use – 2022 & 2032

Figure 97: South Asia-Pacific Y-o-Y Growth Projections By End Use, 2022 to 2032

Figure 98: South Asia-Pacific Attractiveness Analysis By End Use, 2022 to 2032

Figure 99: MEA Share and BPS Analysis by Country – 2022 & 2032

Figure 100: MEA Y-o-Y Growth Projections by Country, 2022 to 2032

Figure 101: MEA Attractiveness Analysis by Country, 2022 to 2032

Figure 102: MEA Share and BPS Analysis By Product Type – 2022 & 2032

Figure 103: MEA Y-o-Y Growth Projections By Product Type, 2022 to 2032

Figure 104: MEA Attractiveness Analysis By Product Type, 2022 to 2032

Figure 105: MEA Share and BPS Analysis By Application – 2022 & 2032

Figure 106: MEA Y-o-Y Growth Projections By Application, 2022 to 2032

Figure 107: MEA Attractiveness Analysis By Application, 2022 to 2032

Figure 108: MEA Share and BPS Analysis By End Use – 2022 & 2032

Figure 109: MEA Y-o-Y Growth Projections By End Use, 2022 to 2032

Figure 110: MEA Attractiveness Analysis By End Use, 2022 to 2032

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