Basalt Fiber Market to Grow at a CAGR of 9.0% to reach US$ 427.14 million from 2020 to 2028

Basalt Fibers Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Composites, Non-composites); End-Use Industry (Construction and infrastructure, Automotive and transportation, Electrical and electronics, Wind energy, Marines, Others) and Geography

Publication Month: Sep 2021 | Report Code: TIPRE00006086 | No. of Pages: 170 | Category: Chemicals and Materials | Status: Published

The basalt fiber market was valued at US$ 216.00 million in 2020 and is projected to reach US$ 427.14 million by 2028; it is expected to register a CAGR of 9.0% from 2021 to 2028.

Basalt fiber possesses similar chemical properties to glass fibers but have better physicochemical properties than glass fibers. The basalt fiber market is anticipated to witness high growth due to its demand from end-use industries such as automotive, marine, building & construction, and electronics. Increasing construction activities in several regions due to growth in population, growing income, and government initiatives in various economies to develop better infrastructure is likely to boost the growth of the basalt fiber market. However, the inconsistent raw material properties are among the factors restraining the basalt fiber market growth.

In 2020, Asia Pacific accounted for the largest share in the global basalt fiber market. Asia Pacific continent comprises several developing and developed economies such as India, China, Japan, South Korea, and Australia. Emerging countries are witnessing an upsurge in industrialization and urbanization activities. Growth in construction projects in countries such as India and China and growing investments in infrastructure activities, such as the new construction of highways, railways, underground metro lines, and pavement linings, are predicted to bolster the basalt fiber market in the region.

Impact of COVID-19 Pandemic on Basalt Fiber Market

The ongoing pandemic has drastically altered the status of the chemical and materials sector and negatively impacted the growth of the basalt fiber market.The implementation of measures to combat the spread of the virus has impacted the growth of several industrial sectors. Industries such as construction, automotive, chemical, and electronics have been impacted by the sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international borders. The significant decline in the growth of several industrial sectors severely impacted the demand for basalt fibers in the global market. However, as the economies are planning to revive their operations, the demand for basalt fiber is expected to rise globally. The expanding demand for basalt fibers in various industries such as construction, automotive, chemical, electronics, and aerospace along with significant investments by prominent manufacturers is expected to drive the growth for basalt fibers.

Global Basalt Fiber Market ­Breakdown - by Region

Global Basalt Fiber Market ­Breakdown - by Region

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Market Insights
Wide Applications of Basalt Fibers in Various End-Use Industries to Drive its Market Growth

Basalt fibers have a wide scope of applications in various end-use industries, such as construction, automotive, electrical and electronics, chemical, aerospace, and marine. In construction, chopped basalt strands are used to increase cracking resistance of cement panels. Due to basalt fiber’s unique chemical stability in extreme conditions, they can be used in many concrete structures, such as bridges, tunnels, dams, and floors. Basalt fibers are used in the chemical industry in the production of chemical-resistant pipes, protective coatings, storage tanks for corrosive liquids, chemical fertilizers, acids, toxic substances, etc. As the application of basalt fibers are deepening, and the market demand for basalt fiber is increasing at a faster rate.

Product Insights

Based on product, the global basalt fiber market is segmented into roving, chopped strand, twisted yarn, fabrics and tapes, and others. The roving segment held the largest share in the global basalt fiber market in 2020. Basalt roving is a bundle of continuous unidirectional complex basalt fibers. Roving has resistance to aggressive environments, high natural strength, long service life, and superior electrical insulation properties. Based on its technical characteristics, basalt roving surpasses E-glass and S-glass in numerous respects. Basalt roving is extremely heat-resistant and can resist temperatures up to 1,000°C for a short time.

Basalt Fiber Market, by Product– 2020 and 2028

Basalt Fiber Market, by Product– 2020 and 2028

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Strategic Insights

Kamenny Vek Company; Fiberbas Construction and Building Technologies; Hydro Design Management Co. Pvt. Ltd.; Hg Gbf Basalt Fiber Co., Ltd; Bastech; Mafic SA; Shanxi Basalt Fiber Technology Co. Ltd; Technobasalt-Invest LLC; Deutsche Basalt Faser Gmbh; and Basalt Engineering LLC are among the major key players operating in the global basalt fiber market.

Report Spotlights

  • Progressive industry trends in the basalt fiber market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the basalt fiber market from 2019 to 2028
  • Estimation of global demand for basalt fiber
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook as well as factors driving and restraining the growth of the basalt fiber market
  • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • The size of the basalt fiber market size at various nodes
  • Detailed overview and segmentation of the market, as well as the basalt fiber industry dynamics
  • Size of the basalt fiber market in various regions with promising growth opportunities

Global Basalt Fiber Market

By Product

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

By End-Use Industry

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

Company Profiles

  • Kamenny Vek Company
  • Fiberbas Construction and Building Technologies
  • Hydro Design Management Co. Pvt. Ltd.
  • Hg Gbf Basalt Fiber Co., Ltd
  • Bastech
  • Mafic SA
  • Shanxi Basalt Fiber Technology Co. Ltd
  • Technobasalt-Invest LLC
  • Deutsche Basalt Faser Gmbh
  • Basalt Engineering LLC

Frequently Asked Questions

The major players operating in the basalt fiber market are Kamenny Vek Company, Fiberbas Construction and Building Technologies, Hydro Design Management Co. Pvt. Ltd., Hg Gbf Basalt Fiber Co., Ltd., Bastech, Mafic SA, Shanxi Basalt Fiber Technology Co. Ltd., Technobasalt-Invest LLC, Deutsche Basalt Faser Gmbh, and Basalt Engineering LLC.
In 2020, Asia-Pacific held the largest revenue share of the global basalt fiber market. Asia-Pacific continent comprises several developing and developed economies such as India, China, Japan, South Korea, and Australia. These emerging countries are witnessing an upsurge in industrialization and urbanization activities, offering ample opportunities for the key market players in the basalt fiber market. Asia-Pacific region is anticipated to propel the basalt fiber demand owing to the presence of several domestic players in the vertical market segment such as construction and automotive. The basalt fiber market is expected to witness huge demand from the construction and automotive industries due to their resistance power to varying temperatures and chemicals, low water absorption, high mechanical strength, and durability. Besides, basalt fiber finds applications in marine, aerospace & defense, and others. The basalt fiber market is expected to rise during the projection period due to enormous growth in the automotive sector especially in countries including India and China. Additionally, the rising urbanization, rising population, and the presence of government support are the other drivers for the market growth in the region.
Based on product, fabrics and tapes segment is expected to grow at the fastest CAGR from 2021 to 2028. Basalt woven and knitted fabrics are mostly manufactured from direct roving, twisted yarns, special weaving, and knitting machines. Basalt fabrics are generally used for producing structural-basalt plastics, which are based on various thermosetting binders. It can also be used as a base when manufacturing soft and rigid roofing as well as for electrotechnical purposes to produce insulation materials. The basalt fiber tapes are used with resin and are compatible with polyester, epoxy, and vinyl ester. These tapes are used for the selective reinforcement of laminates, sleeve or pipe winding, seams, and molding. The finished edges of the basalt fiber provide easy handling and a clean, finished appearance, which prevents the tape from unraveling.
On the basis of end-use industry, construction segment is leading the basalt fiber market during the forecast period. Basalt fibers are primarily employed in the construction industry as it has a higher strength than steel and is resistant to electromagnetic radiations and ultraviolet rays. Basalt fiber is three times lighter than steel and is 2.5 times stronger in tensile strength than steel. It also has an extremely lower coefficient of heat conductivity than steel, which improves energy efficiency. In the construction industry, basalt fiber is used in various applications, such as in the usage of wet or dry chopped strand for premix technology, basalt roving for spray up and shotcrete technologies, high strength roving for the manufacturing of rebars and pultruded profiles, and basalt fiber fabrics for concrete reinforcement and building thermo insulation.
Based on end-use industry, automotive segment led the global basalt fiber market during the forecasted period. Basalt fiber has various properties such as high mechanical strength, resistance to high temperature, durability, and chemical resistance. It is also environmentally friendly. Such properties make basalt fiber an ideal material to be used in the automotive industry to produce headliners, CNG cylinders, brake pads and clutch plates, thermo insulation for exhaust systems, muffler’s filler, interior and exterior parts, and thermoplastic parts. Basalt fiber is lighter than steel. The fiber has high mechanical strength and an extended range of working temperatures. It is cost-effective along with excellent recyclability. All these properties made basalt fiber one of the ideal materials to be used to produce CNG cylinders.
Asia-Pacific is estimated to register the fastest CAGR in the market over the forecast period. Asia Pacific comprises several economies such as India, China, Japan, South Korea, and Australia. These countries are witnessing an upsurge in industrialization and urbanization activities, offering ample opportunities for the key market players in the basalt fiber market. In Asia Pacific, there has been an increase in the consumption of basalt fiber in various industries, such as wind energy, construction & infrastructure, electrical & electronics, and automotive. Along with this, the rise in awareness regarding sustainable living and environment-friendly materials used in the application of infrastructure, aerospace, and other industries boosts the demand for basalt fibers in the region. Features of basalt fiber such as low cost, easy availability, and increasing production capacities bolster the growth of the basalt fiber market in Asia Pacific.

1. Introduction. 19

1.1 Study Scope. 19

1.2 The Insight Partners Research Report Guidance. 19

1.3 Market Segmentation. 20

2. Key Takeaways. 22

3. Research Methodology. 26

3.1 Scope of the Study. 26

3.2 Research Methodology. 26

3.2.1 Data Collection. 27

3.2.2 Primary Interviews. 27

3.2.3 Hypothesis Formulation. 28

3.2.4 Macro-economic Factor Analysis. 28

3.2.5 Developing Base Number. 28

3.2.6 Data Triangulation. 28

3.2.7 Country Level Data. 29

4. Global Basalt Fiber Market Landscape. 30

4.1 Market Overview. 30

4.2 PEST Analysis. 31

4.2.1 North America. 31

4.2.2 Europe. 32

4.2.3 APAC.. 32

4.2.4 MEA. 33

4.2.5 SAM... 33

4.3 Expert Opinion. 34

5. Basalt Fiber Market — Key Market Dynamics. 35

5.1 Key Market Drivers. 35

5.1.1 Wide Applications of Basalt Fibers in Various End-Use Industries: 35

5.1.2 Superior Mechanical, Chemical and Thermal Properties of Basalt Fibers: 35

5.2 Key Market Restraints. 36

5.2.1 Inconsistent Raw Material Properties: 36

5.3 Key Market Opportunities. 36

5.3.1 Growing Adoption of Environmentally Friendly and Recyclable Material: 36

5.4 Future Trends. 36

5.4.1 Increase in Demand for Noncorrosive Materials: 36

5.5 Impact Analysis of Drivers and Restraint 37

6. Basalt Fiber – Global Market Analysis. 38

6.1 Basalt Fiber Market Overview. 38

6.2 Basalt Fiber Market –Revenue and Forecast to 2028. 39

6.3 Competitive Positioning – Key Market Players. 40

7. Global Basalt Fiber Market Analysis – by Product 41

7.1 Overview. 41

7.2 Global Basalt Fiber Market Breakdown, By Product, 2020 & 2028. 41

7.3 Roving. 41

7.3.1 Overview.. 41

7.3.1 Roving: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 42

7.4 Chopped Strand. 43

7.4.1 Overview.. 43

7.4.2 Chopped Strand: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 43

7.5 Twisted Yarn. 44

7.5.1 Overview.. 44

7.5.2 Twisted Yarn: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 44

7.6 Fabrics and Tapes. 45

7.6.1 Overview.. 45

7.6.2 Fabrics and Tapes: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 45

7.7 Others. 46

7.7.1 Overview.. 46

7.7.2 Others: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 46

8. Global Basalt Fiber Market Analysis – by End-Use Industry. 47

8.1 Overview. 47

8.2 Global Basalt Fiber Market Breakdown, by End-Use Industry, 2020 & 2028. 47

8.3 Construction. 47

8.3.1 Overview.. 47

8.3.2 Construction: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 48

8.4 Automotive. 49

8.4.1 Overview.. 49

8.4.2 Automotive: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 49

8.5 Electrical and Electronics. 50

8.5.1 Overview.. 50

8.5.2 Electrical and Electronics: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 50

8.6 Chemical 51

8.6.1 Overview.. 51

8.6.2 Chemical: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 51

8.7 Others. 52

8.7.1 Overview.. 52

8.7.2 Others: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 52

9. Basalt Fiber Market – Geographic Analysis. 53

9.1 Overview. 53

9.2 North America: Basalt Fiber Market 53

9.2.1 North America: Basalt Fiber Market –Revenue and Forecast to 2028 (US$ Thousand) 54

9.2.2 North America: Basalt Fiber Market, By Product 55

9.2.3 North America: Basalt Fiber Market, by End-Use Industry. 56

9.2.4 North America: Basalt Fiber Market, by Key Country. 57

9.2.4.1 US: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 57

9.2.4.1.1 US: Basalt Fiber Market, by Product 58

9.2.4.1.2 US: Basalt Fiber Market, by End-Use Industry. 58

9.2.4.2 Canada: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 59

9.2.4.2.1 Canada: Basalt Fiber Market, by Product 60

9.2.4.2.2 Canada: Basalt Fiber Market, by End-Use Industry. 60

9.2.4.3 Mexico: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 61

9.2.4.3.1 Mexico: Basalt Fiber Market, by Product 61

9.2.4.3.2 Mexico: Basalt Fiber Market, by End-Use Industry. 62

9.3 Europe: Basalt Fiber Market 62

9.3.1 Europe: Basalt Fiber Market –Revenue and Forecast to 2028 (US$ Thousand) 63

9.3.2 Europe: Basalt Fiber Market, By Product 63

9.3.3 Europe: Basalt Fiber Market, by End-Use Industry. 64

9.3.4 Europe: Basalt Fiber Market, by Key Country. 65

9.3.4.1 Germany: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 66

9.3.4.1.1 Germany: Basalt Fiber Market, By Product 66

9.3.4.1.2 Germany: Basalt Fiber Market, by End-Use Industry. 67

9.3.4.2 France: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 67

9.3.4.2.1 France: Basalt Fiber Market, By Product 68

9.3.4.2.2 France: Basalt Fiber Market, by End-Use Industry. 68

9.3.4.3 Italy: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 69

9.3.4.3.1 Italy: Basalt Fiber Market, By Product 69

9.3.4.3.2 Italy: Basalt Fiber Market, by End-Use Industry. 70

9.3.4.4 UK: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 70

9.3.4.4.1 UK: Basalt Fiber Market, By Product 71

9.3.4.4.2 UK: Basalt Fiber Market, by End-Use Industry. 71

9.3.4.5 Russia: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 72

9.3.4.5.1 Russia: Basalt Fiber Market, By Product 72

9.3.4.5.2 Russia: Basalt Fiber Market, by End-Use Industry. 73

9.3.4.6 Rest of Europe: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 73

9.3.4.6.1 Rest of Europe: Basalt Fiber Market, By Product 74

9.3.4.6.2 Rest of Europe: Basalt Fiber Market, by End-Use Industry. 74

9.4 Asia Pacific: Basalt Fiber market 75

9.4.1 Asia Pacific: Basalt Fiber Market –Revenue and Forecast to 2028 (US$ Thousand) 76

9.4.2 Asia Pacific: Basalt Fiber Market, By Product 76

9.4.3 Asia Pacific: Basalt Fiber Market, by End-Use Industry. 77

9.4.4 Asia Pacific: Basalt Fiber Market, by Key Country. 78

9.4.4.1 India: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 79

9.4.4.1.1 India: Basalt Fiber Market, by Product 80

9.4.4.1.2 India: Basalt Fiber Market, by End-Use Industry. 80

9.4.4.2 Australia: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 81

9.4.4.2.1 Australia: Basalt Fiber Market, by Product 81

9.4.4.2.2 Australia: Basalt Fiber Market, by End-Use Industry. 82

9.4.4.3 China: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 82

9.4.4.3.1 China: Basalt Fiber Market, by Product 83

9.4.4.3.2 China: Basalt Fiber Market, by End-Use Industry. 83

9.4.4.4 Japan: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 84

9.4.4.4.1 Japan: Basalt Fiber Market, by Product 85

9.4.4.4.2 Japan: Basalt Fiber Market, by End-Use Industry. 85

9.4.4.5 South Korea: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 86

9.4.4.5.1 South Korea: Basalt Fiber Market, by Product 86

9.4.4.5.2 South Korea: Basalt Fiber Market, by End-Use Industry. 87

9.4.4.6 Rest of Asia Pacific: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 87

9.4.4.6.1 Rest of Asia Pacific: Basalt Fiber Market, by Product 88

9.4.4.6.2 Rest of Asia Pacific: Basalt Fiber Market, by End-Use Industry. 88

9.5 Middle East and Africa: Basalt Fiber Market 89

9.5.1 Middle East and Africa: Basalt Fiber Market –Revenue and Forecast to 2028 (US$ Thousand) 89

9.5.2 Middle East and Africa: Basalt Fiber Market, By Product 90

9.5.3 Middle East and Africa: Basalt Fiber Market, by End-Use Industry. 91

9.5.4 Middle East and Africa: Basalt Fiber Market, by Key Country. 92

9.5.4.1 South Africa: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 92

9.5.4.1.1 South Africa: Basalt Fiber Market, by Product 93

9.5.4.1.2 South Africa: Basalt Fiber Market, by End-Use Industry. 93

9.5.4.2 Saudi Arabia: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 94

9.5.4.2.1 Saudi Arabia: Basalt Fiber Market, by Product 94

9.5.4.2.2 Saudi Arabia: Basalt Fiber Market, by End-Use Industry. 95

9.5.4.3 UAE: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 95

9.5.4.3.1 UAE: Basalt Fiber Market, by Product 96

9.5.4.3.2 UAE: Basalt Fiber Market, by End-Use Industry. 96

9.5.4.4 Rest of Middle East and Africa: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 97

9.5.4.4.1 Rest of Middle East and Africa: Basalt Fiber Market, by Product 97

9.5.4.4.2 Rest of Middle East and Africa: Basalt Fiber Market, by End-Use Industry. 98

9.6 South and Central America: Basalt Fiber Market 99

9.6.1 South and Central America: Basalt Fiber Market –Revenue and Forecast to 2028 (US$ Thousand) 99

9.6.2 South and Central America: Basalt Fiber Market, By Product 100

9.6.3 South and Central America: Basalt Fiber Market, by End-Use Industry. 101

9.6.4 South and Central America: Basalt Fiber Market, by Key Country. 102

9.6.4.1 Brazil: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 102

9.6.4.1.1 Brazil: Basalt Fiber Market, by Product 103

9.6.4.1.2 Brazil: Basalt Fiber Market, by End-Use Industry. 103

9.6.4.2 Argentina: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 104

9.6.4.2.1 Argentina: Basalt Fiber Market, by Product 105

9.6.4.2.2 Argentina: Basalt Fiber Market, by End-Use Industry. 105

9.6.4.3 Rest of South and Central America: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 106

9.6.4.3.1 Rest of South and Central America: Basalt Fiber Market, by Product 106

9.6.4.3.2 Rest of South and Central America: Basalt Fiber Market, by End-Use Industry. 107

10. Impact of COVID-19 Pandemic on Global Basalt Fiber Market 108

10.1 Impact of COVID-19 on Basalt Fiber Market 108

10.2 North America: Impact Assessment of COVID-19 Pandemic. 108

10.1 Europe: Impact Assessment of COVID-19 Pandemic. 110

10.2 Asia Pacific : Impact Assessment of COVID-19 Pandemic. 111

10.3 Middle East and Africa: Impact Assessment of COVID-19 Pandemic. 112

10.3 South and Central America: Impact Assessment of COVID-19 Pandemic. 113

11. Company Profile. 114

11.1 Kamenny Vek Company. 114

11.1.1 Key Facts. 114

11.1.2 Business Description. 114

11.1.3 Products and Services. 114

11.1.4 Financial Overview.. 115

11.1.5 SWOT Analysis. 115

11.1.6 Key Developments. 116

11.2 Fiberbas Construction and Building Technologies. 117

11.2.1 Key Facts. 117

11.2.2 Business Description. 117

11.2.3 Products and Services. 117

11.2.4 Financial Overview.. 117

11.2.5 SWOT Analysis. 118

11.2.6 Key Developments. 118

11.3 Hydro Design Management Co. Pvt. Ltd. 119

11.3.1 Key Facts. 119

11.3.2 Business Description. 119

11.3.3 Products and Services. 119

11.3.4 Financial Overview.. 120

11.3.5 SWOT Analysis. 120

11.3.6 Key Developments. 120

11.4 Hg Gbf Basalt Fiber Co., Ltd. 121

11.4.1 Key Facts. 121

11.4.2 Business Description. 121

11.4.3 Products and Services. 121

11.4.4 Financial Overview.. 122

11.4.5 SWOT Analysis. 122

11.4.6 Key Developments. 122

11.5 Bastech. 123

11.5.1 Key Facts. 123

11.5.2 Business Description. 123

11.5.3 Products and Services. 123

11.5.4 Financial Overview.. 123

11.5.5 SWOT Analysis. 124

11.5.6 Key Developments. 124

11.6 Mafic SA. 125

11.6.1 Key Facts. 125

11.6.2 Business Description. 125

11.6.3 Products and Services. 125

11.6.4 Financial Overview.. 125

11.6.5 SWOT Analysis. 126

11.6.6 Key Developments. 126

11.7 Shanxi Basalt Fiber Technology Co. Ltd. 127

11.7.1 Key Facts. 127

11.7.2 Business Description. 127

11.7.3 Products and Services. 127

11.7.4 Financial Overview.. 127

11.7.5 SWOT Analysis. 128

11.7.6 Key Developments. 128

11.8 Technobasalt-Invest LLC. 129

11.8.1 Key Facts. 129

11.8.2 Business Description. 129

11.8.3 Products and Services. 129

11.8.4 Financial Overview.. 129

11.8.5 SWOT Analysis. 130

11.8.6 Key Developments. 130

11.9 Deutsche Basalt Faser Gmbh. 131

11.9.1 Key Facts. 131

11.9.2 Business Description. 131

11.9.3 Products and Services. 131

11.9.4 Financial Overview.. 131

11.9.5 SWOT Analysis. 132

11.9.6 Key Developments. 132

11.10 Basalt Engineering LLC. 133

11.10.1 Key Facts. 133

11.10.2 Business Description. 133

11.10.3 Products and Services. 133

11.10.4 Financial Overview.. 133

11.10.5 SWOT Analysis. 134

11.10.6 Key Developments. 134

12. Appendix. 135

12.1 About The Insight Partners. 135

12.2 Word Index 135

LIST OF TABLES

Table 1. Basalt Fiber Market –Revenue and Forecast to 2028 (US$ Thousand) 39

Table 2. North America Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 55

Table 3. North America Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 56

Table 4. US Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 58

Table 5. US Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 58

Table 6. Canada Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 60

Table 7. Canada Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 60

Table 8. Mexico Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 61

Table 9. Mexico Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 62

Table 10. Europe: Basalt Fiber Market, By Product – Revenue and Forecast to 2028 (US$ Thousand) 63

Table 11. Europe: Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 65

Table 12. Germany Basalt Fiber Market, By Product – Revenue and Forecast to 2028 (US$ Thousand) 66

Table 13. Germany Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 67

Table 14. France Basalt Fiber Market, By Product – Revenue and Forecast to 2028 (US$ Thousand) 68

Table 15. France Basalt Fiber Market, by End-Use Indsutry – Revenue and Forecast to 2028 (US$ Thousand) 68

Table 16. Italy Basalt Fiber Market, By Product – Revenue and Forecast to 2028 (US$ Thousand) 69

Table 17. Italy Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 70

Table 18. UK Basalt Fiber Market, By Product – Revenue and Forecast to 2028 (US$ Thousand) 71

Table 19. UK Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 71

Table 20. Russia Basalt Fiber Market, By Product – Revenue and Forecast to 2028 (US$ Thousand) 72

Table 21. Russia Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 73

Table 22. Rest of Europe Basalt Fiber Market, By Product – Revenue and Forecast to 2028 (US$ Thousand) 74

Table 23. Rest of Europe Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 74

Table 24. Asia Pacific: Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 77

Table 25. Asia Pacific: Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 78

Table 26. India Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 80

Table 27. India Laminate Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 80

Table 28. Australia: Basalt Fiber Market, by Product– Revenue and Forecast to 2028 (US$ Thousand) 81

Table 29. Australia: Laminate Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Thousand) 82

Table 30. China: Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 83

Table 31. Japan: Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 85

Table 32. Japan: Laminate Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 85

Table 33. South Korea: Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 86

Table 34. South Korea: Laminate Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 87

Table 35. Rest of Asia Pacific: Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 88

Table 36. Rest of Asia Pacific: Laminate Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 88

Table 37. Middle East and Africa: Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 90

Table 38. Middle East and Africa: Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 91

Table 39. South Africa Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 93

Table 40. South Africa Laminate Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 93

Table 41. Saudi Arabia Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 94

Table 42. Saudi Arabia Laminate Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 95

Table 43. UAE Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 96

Table 44. UAE Laminate Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 96

Table 45. Rest of Middle East and Africa Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 97

Table 46. Rest of Middle East and Africa Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 98

Table 47. South and Central America Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 100

Table 48. South and Central America Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 101

Table 49. Brazil Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 103

Table 50. Brazil Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 103

Table 51. Argentina Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 105

Table 52. Argentina Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 105

Table 53. Rest of South and Central America Basalt Fiber Market, by Product – Revenue and Forecast to 2028 (US$ Thousand) 106

Table 54. Rest of South and Central America Basalt Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 107

Table 55. List of Abbreviation. 135

LIST OF FIGURES

Figure 1. Global Basalt Fiber Market Segmentation. 20

Figure 2. Basalt Fiber Market Segmentation – By Geography. 21

Figure 3. Global Basalt Fiber Market Overview. 22

Figure 4. Basalt Fiber Market, By Product 23

Figure 5. Basalt Fiber Market, By Geography. 24

Figure 6. Global Basalt Fiber Market, Industry Landscape. 25

Figure 7. North America: PEST Analysis. 31

Figure 8. Europe: PEST Analysis. 32

Figure 9. APAC: PEST Analysis. 32

Figure 10. MEA: PEST Analysis. 33

Figure 11. SAM: PEST Analysis. 33

Figure 12. Expert Opinion. 34

Figure 13. Basalt Fiber Market Impact Analysis of Drivers and Restraints. 37

Figure 14. Geographic Overview of Basalt Fiber Market 38

Figure 15. Global: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 39

Figure 16. Global Basalt Fiber Market Breakdown, By Product, 2020 & 2028. 41

Figure 17. Roving: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 42

Figure 18. Chopped Strand: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 43

Figure 19. Twisted Yarn: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 44

Figure 20. Fabrics and Tapes: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 45

Figure 21. Others: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 46

Figure 22. Global Basalt Fiber Market Breakdown, by End-Use Industry, 2020 & 2028. 47

Figure 23. Construction: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 48

Figure 24. Automotive: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 49

Figure 25. Electrical and Electronics: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 50

Figure 26. Chemical: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 51

Figure 27. Others: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 52

Figure 28. Global Basalt Fiber Market Revenue Share, by Region (2020 and 2028) 53

Figure 29. North America: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 54

Figure 30. North America: Basalt Fiber Market Revenue Share, by Product (2020 and 2028) 55

Figure 31. North America: Basalt Fiber Market Revenue Share, by End-Use Industry (2020 and 2028) 56

Figure 32. North America: Basalt Fiber Market Revenue Share, by Key Country (2020 and 2028) 57

Figure 33. US: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 57

Figure 34. Canada: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 59

Figure 35. Mexico: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 61

Figure 36. Europe: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 63

Figure 37. Europe: Basalt Fiber Market Revenue Share, By Product (2020 and 2028) 63

Figure 38. Europe: Basalt Fiber Market Revenue Share, by End-Use Industry (2020 and 2028) 64

Figure 39. Europe: Basalt Fiber Market Revenue Share, by Key Country (2020 and 2028) 65

Figure 40. Germany: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 66

Figure 41. France: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 67

Figure 42. Italy: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 69

Figure 43. UK: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 70

Figure 44. Russia: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 72

Figure 45. Rest of Europe: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 73

Figure 46. Asia Pacific: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 76

Figure 47. Asia Pacific: Basalt Fiber Market Revenue Share, by Product (2020 and 2028) 76

Figure 48. Asia Pacific: Basalt Fiber Market Revenue Share, by End-Use Industry (2020 and 2028) 77

Figure 49. Asia Pacific: Basalt Fiber Market Revenue Share, by Key Country (2020 and 2028) 78

Figure 50. India: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 79

Figure 51. Australia: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 81

Figure 52. China: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 82

Figure 53. China: Laminate Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Thousand) 83

Figure 54. Japan: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 84

Figure 55. South Korea: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 86

Figure 56. Rest of Asia Pacific: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 87

Figure 57. Middle East and Africa: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 89

Figure 58. Middle East and Africa: Basalt Fiber Market Revenue Share, by Product (2020 and 2028) 90

Figure 59. Middle East and Africa: Basalt Fiber Market Revenue Share, by End-Use Industry (2020 and 2028) 91

Figure 60. Middle East and Africa: Basalt Fiber Market Revenue Share, by Key Country (2020 and 2028) 92

Figure 61. South Africa: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 92

Figure 62. Saudi Arabia: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 94

Figure 63. UAE: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 95

Figure 64. Rest of Middle East and Africa: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 97

Figure 65. South and Central America: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 99

Figure 66. South and Central America: Basalt Fiber Market Revenue Share, by Product (2020 and 2028) 100

Figure 67. South and Central America: Basalt Fiber Market Revenue Share, by End-Use Industry (2020 and 2028) 101

Figure 68. South and Central America: Basalt Fiber Market Revenue Share, by Key Country (2020 and 2028) 102

Figure 69. Brazil: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 102

Figure 70. Argentina: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 104

Figure 71. Rest of South and Central America: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand) 106

Figure 72. Impact of COVID-19 Pandemic on Basalt Fiber Market in North America. 109

Figure 73. Impact of COVID-19 Pandemic on Basalt Fiber Market in Europe. 110

Figure 74. Impact of COVID-19 Pandemic on Basalt Fiber Market in Asia Pacific. 111

Figure 75. Impact of COVID-19 Pandemic on Basalt Fiber Market in Middle East & Africa. 112

Figure 76. Impact of COVID-19 Pandemic on Basalt Fiber Market in South and Central America. 113

The List of Companies - Basalt Fiber Market

  1. Kamenny Vek Company
  2. Fiberbas Construction and Building Technologies
  3. Hydro Design Management Co. Pvt. Ltd.
  4. Hg Gbf Basalt Fiber Co., Ltd
  5. Bastech
  6. Mafic SA
  7. Shanxi Basalt Fiber Technology Co. Ltd
  8. Technobasalt-Invest LLC
  9. Deutsche Basalt Faser Gmbh
  10. Basalt Engineering LLC
  • 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 global basalt fiber market, thereby allowing players to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest `with respect to products, segmentation and industry verticals.
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