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 :
No. of Pages : 101

Page Updated: Nov 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

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.

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

Research Manager

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.

What are the Asia Pacific Basalt Fiber Market report deliverables?

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

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