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.
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
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
The global market of basalt fibre is estimated to reach a valuation of US$ 221.0 Million in 2022.
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.
Construction and automotive are the key end-use industries of basalt fibre. Together, these industries consume about 75%-80% of the basalt fibre globally.
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.
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 Used23. 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
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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
