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Asia Pacific Basalt Fiber Market

2021

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)

Publication Month: Nov 2021 | Report Code: TIPRE00025723 | No. of Pages: 101 | Category: Chemicals and Materials | Status: Published

Market Insights

Asia Pacific Basalt Fiber Market to Grow at a CAGR of 9.3% to reach US$ 211.24 million from 2021 to 2028

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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

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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

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection

3.2.2 Primary Interviews

3.2.3 Hypothesis Formulation

3.2.4 Macro-economic Factor Analysis

3.2.5 Developing Base Number

3.2.6 Data Triangulation

3.2.7 Country Level Data

4. APAC Basalt Fiber Market Landscape

4.1 Market Overview

4.2 APAC PEST Analysis

4.3 Expert Opinion

5. APAC Basalt Fiber Market — Key Market Dynamics

5.1 Key Market Drivers

5.1.1 Extensive Applications of Basalt Fibers in Various End-use Industries

5.1.2 Greater Mechanical, Chemical, and Thermal Properties of Basalt Fibers

5.2 Key Market Restraints

5.2.1 Unpredictable Raw Material Properties

5.3 Key Market Opportunities

5.3.1 Escalating Adoption of Environmentally Friendly and Recyclable Material

5.4 Future Trends

5.4.1 Surging Demand for Noncorrosive Materials

5.5 Impact Analysis of Drivers and Restraint

6. Basalt Fiber Market – APAC Analysis

6.1 APAC Basalt Fiber Market Overview

6.2 APAC Basalt Fiber Market –Revenue and Forecast to 2028

7. APAC Basalt Fiber Market Analysis – by Product

7.1 Overview

7.2 APAC Basalt Fiber Market Breakdown, By Product, 2020 & 2028

7.3 Roving

7.3.1 Overview

7.3.2 Roving: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

7.4 Chopped Strand

7.4.1 Overview

7.4.2 Chopped Strand: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

7.5 Twisted Yarn

7.5.1 Overview

7.5.2 Twisted Yarn: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

7.6 Fabrics and Tapes

7.6.1 Overview

7.6.2 Fabrics and Tapes: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

7.7 Others

7.7.1 Overview

7.7.2 Others: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

8. APAC Basalt Fiber Market Analysis – by End-Use Industry

8.1 Overview

8.2 APAC Basalt Fiber Market Breakdown, by End-Use Industry, 2020 & 2028

8.3 Construction

8.3.1 Overview

8.3.2 Construction: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

8.4 Automotive

8.4.1 Overview

8.4.2 Automotive: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

8.5 Electrical and Electronics

8.5.1 Overview

8.5.2 Electrical and Electronics: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

8.6 Chemical

8.6.1 Overview

8.6.2 Chemical: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

8.7 Others

8.7.1 Overview

8.7.2 Others: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

9. APAC Basalt Fiber Market – Country Analysis

9.1 Overview

9.1.1 APAC: Basalt Fiber Market, by Key Country

9.1.1.1 India: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.1.1 India: Basalt Fiber Market, by Product

9.1.1.1.2 India: Basalt Fiber Market, by End-Use Industry

9.1.1.2 Australia: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.2.1 Australia: Basalt Fiber Market, by Product

9.1.1.2.2 Australia: Basalt Fiber Market, by End-Use Industry

9.1.1.3 China: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.3.1 China: Basalt Fiber Market, by Product

9.1.1.3.2 China: Basalt Fiber Market, by End-Use Industry

9.1.1.4 Japan: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.4.1 Japan: Basalt Fiber Market, by Product

9.1.1.4.2 Japan: Basalt Fiber Market, by End-Use Industry

9.1.1.5 South Korea: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.5.1 South Korea: Basalt Fiber Market, by Product

9.1.1.5.2 South Korea: Basalt Fiber Market, by End-Use Industry

9.1.1.6 Rest of APAC: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.6.1 Rest of APAC: Basalt Fiber Market, by Product

9.1.1.6.2 Rest of APAC: Basalt Fiber Market, by End-Use Industry

10. Impact of COVID-19 Pandemic on APAC Basalt Fiber Market

10.1 APAC: Impact Assessment of COVID-19 Pandemic

11. Company Profile

11.1 Kamenny Vek Company

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Hydro Design Management Co. Pvt. Ltd.

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Hg Gbf Basalt Fiber Co., Ltd

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Shanxi Basalt Fiber Technology Co. Ltd

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Technobasalt-Invest LLC

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Word Index

LIST OF TABLES

Table 1. APAC Basalt Fiber Market –Revenue and Forecast to 2028 (US$ Thousand)

Table 2. India Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand)

Table 3. India Laminate Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand)

Table 4. Australia: Basalt Fiber Market, by Product– Revenue and Forecast to 2028 (US$ Thousand)

Table 5. Australia: Laminate Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Thousand)

Table 6. China: Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand)

Table 7. Japan: Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand)

Table 8. Japan: Laminate Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand)

Table 9. South Korea: Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand)

Table 10. South Korea: Laminate Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand)

Table 11. Rest of APAC: Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand)

Table 12. Rest of APAC: Laminate Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand)

Table 13. List of Abbreviation

LIST OF FIGURES

Figure 1. APAC Basalt Fiber Market Segmentation

Figure 2. APAC Basalt Fiber Market Segmentation – By Country

Figure 3. APAC Basalt Fiber Market Overview

Figure 4. APAC Basalt Fiber Market, By Product

Figure 5. APAC Basalt Fiber Market, By Country

Figure 6. APAC: PEST Analysis

Figure 7. Expert Opinion

Figure 8. APAC Basalt Fiber Market Impact Analysis of Drivers and Restraints

Figure 9. APAC: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 10. APAC Basalt Fiber Market Breakdown, By Product, 2020 & 2028

Figure 11. APAC Roving: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 12. APAC Chopped Strand: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 13. APAC Twisted Yarn: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 14. APAC Fabrics and Tapes: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 15. APAC Others: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 16. APAC Basalt Fiber Market Breakdown, by End-Use Industry, 2020 & 2028

Figure 17. APAC Construction: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 18. APAC Automotive: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 19. APAC Electrical and Electronics: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 20. APAC Chemical: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 21. APAC Others: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 22. APAC: Basalt Fiber Market, by Key Country – Revenue (2020) (USD Thousand)

Figure 23. APAC: Basalt Fiber Market Revenue Share, by Key Country (2020 and 2028)

Figure 24. India: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 25. Australia: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 26. China: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 27. China: Laminate Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand)

Figure 28. Japan: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 29. South Korea: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 30. Rest of APAC: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 31. Impact of COVID-19 Pandemic on Basalt Fiber Market in APAC

  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
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC basalt fiber market.     
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC basalt fiber market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the basalt fiber market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  
TIPRE00025723
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