Asia Pacific Basalt Fiber Market Outlook and Strategic Insights by 2028

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Asia Pacific Basalt Fiber Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Roving, Chopped Strand, Twisted Yarn, Fabrics and Tapes, and Others) and End-Use Industry (Construction, Automotive, Electrical and Electronics, Chemical, and Others)

  • Report Date : Nov 2021
  • Report Code : TIPRE00025723
  • Category : Chemicals and Materials
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 101

The APAC basalt fiber market is expected to grow from US$ 113.35 Million in 2021 to US$ 211.24 Million by 2028; it is estimated to grow at a CAGR of 9.3% from 2021 to 2028.

China, India, Japan, South Korea, and Australia are major economies across APAC region. Greater mechanical, chemical, and thermal properties of basalt fibers is expected to catalyze the APAC basalt fiber market. There is a high demand for basalt fibers due to their comprehensive performance. Basalt fibers are chemically stable and have excellent mechanical and thermal properties. Basalt fiber have excellent tensile strength and modulus of elasticity. They are capable to withstand very high temperature and can be used in high performance applications. Moreover, basalt fibers have good physical and chemical properties. They have good adhesion to metals, epoxies, and glues. They have higher electrical insulation than glass fiber. Basalt fiber have good acid-alkali resistance, high wave permeability, non-conductive, and excellent sound insulation performance. Resistance to alkaline, acidic, and salt attack makes basalt fiber a good candidate for construction activities. Basalt fibers have advantages over other fibers such as glass fiber in terms of thermal stability, resistance to fire, overall durability etc. Due to good mechanical, chemical and thermal performance, basalt fibers are gaining increasing attention from various end-use industries, thus contributing for the APAC market growth.

The Asian economies have been hit hard due to the pandemic. The emergence of new COVID-19 waves in India, Thailand, and other Asian economies has prolonged the effect of pandemic upon GDP. The ongoing COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries in Asia Pacific. However, the uncertainty regarding the future outbreak, especially in countries such as India and a few other Asian countries, has altered the status of several industrial sectors. The governments of various Asia Pacific economies are taking possible steps to restrict the spread of the virus by announcing a country-wide lockdown, which directly impacts the growth of industrial sectors. This factor may impact the demand for basalt fibers. However, the market is expected to witness an increase in investment by players to tap the prevailing opportunities and cater to expanding demand for basalt fibers in post-pandemic times. 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC basalt fiber market. The APAC basalt fiber market is expected to grow at a good CAGR during the forecast period.   
APAC basalt fiber market

  • This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

APAC Basalt Fiber Market Segmentation    

APAC Basalt Fiber Market – By Product

  • Roving
  • Chopped Strand
  • Twisted Yarn
  • Fabrics and Tapes
  • Others

APAC Basalt Fiber Market – By End-Use Industry

  • Construction
  • Automotive
  • Electrical and Electronics
  • Chemical
  • Others

APAC Basalt Fiber Market, by Country

  • Australia 
  • China    
  • India
  • Japan
  • South Korea
  • Rest of APAC


APAC Basalt Fiber Market - Companies Mentioned

  • Hg Gbf Basalt Fiber Co., Ltd
  • Hydro Design Management Co. Pvt. Ltd.
  • Kamenny Vek Company
  • Shanxi Basalt Fiber Technology Co. Ltd
  • Technobasalt-Invest LLC

Asia Pacific Basalt Fiber Report Scope

Report Attribute Details
Market size in 2021 US$ 113.35 Million
Market Size by 2028 US$ 211.24 Million
Global CAGR (2021 - 2028) 9.3%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Product
  • Roving
  • Chopped Strand
  • Twisted Yarn
  • Fabrics and Tapes
By End-Use Industry
  • Construction
  • Automotive
  • Electrical and Electronics
  • Chemical
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • Hg Gbf Basalt Fiber Co., Ltd
  • Hydro Design Management Co. Pvt. Ltd.
  • Kamenny Vek Company
  • Shanxi Basalt Fiber Technology Co. Ltd
  • Technobasalt-Invest LLC
  • Habi Ummer
    Habi Ummer
    Manager,
    Market Research & Consulting

    Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

    Testimonials

    user

    I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

    DR CHIJIOKE ONYIA, MANAGING DIRECTOR, PineCrest Healthcare Ltd.
    user

    The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

    Yukihiko Adachi CEO, Deep Blue, LLC.

    Reason to Buy

    • Informed Decision-Making
    • Understanding Market Dynamics
    • Competitive Analysis
    • Customer Insights
    • Market Forecasts
    • Risk Mitigation
    • Strategic Planning
    • Investment Justification
    • Identifying Emerging Markets
    • Enhancing Marketing Strategies
    • Boosting Operational Efficiency
    • Tracking Industry Innovations
    • Aligning with Regulatory Trends
    Your Key Concerns Addressed - Question & Answer
    Can I view a sample of the report before purchasing?

    Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.

    Is analyst support included with the purchase?

    Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.

    What are the next steps once I place an order?

    Once your order is successfully placed, you will receive a confirmation email along with your invoice.

    • For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
    • For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.

    Can the report be tailored to suit my specific needs?

    We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.

    In what format is the report delivered?

    The report is available in either PDF format or as an Excel dataset, depending on the license you choose.

    The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
    Please review the license options at checkout or contact us to confirm which formats are included with your purchase.

    How secure is the payment process on your platform?

    Our payment process is fully secure and PCI-DSS compliant.

    We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
    You can make your purchase with confidence, knowing your personal and financial information is safe with us.

    Do you provide special pricing for buying multiple reports?

    Yes, we do offer special pricing for bulk purchases.
    If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.

    Can I connect with your team to discuss the report before buying?

    Yes, absolutely.
    Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.

    Will I get a billing invoice upon purchase?

    Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
    If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.

    Is there support available if I can’t access my report?

    Yes, certainly.
    If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.

    Our Clients
    1. Hg Gbf Basalt Fiber Co., Ltd
    2. Hydro Design Management Co. Pvt. Ltd.
    3. Kamenny Vek Company
    4. Shanxi Basalt Fiber Technology Co. Ltd
    5. Technobasalt-Invest LLC
    Sales Assistance
    US: +1-646-491-9876
    UK: +44-20-8125-4005
    Email: sales@theinsightpartners.com
    Chat with us
    DUNS Logo
    87-673-9708
    ISO Certified Logo
    ISO 9001:2015
    ISO Certified Logo