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Europe Basalt Fiber Market

2021

Europe 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: TIPRE00025724 | No. of Pages: 107 | Category: Chemicals and Materials | Status: Published

Market Insights

Europe Basalt Fiber Market to Grow at a CAGR of 8.7% to reach US$ 84,450.50 million from 2021 to 2028

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The Europe basalt fiber market is expected to grow from US$ 47,054.55 thousand in 2021 to US$ 84,450.50 thousand by 2028; it is estimated to grow at a CAGR of 8.7% from 2021 to 2028.

The UK, Germany, France, Italy, and Russia are major economies across Europe region. Various applications of basalt fibers in end-use industries is expected to fuel the Europe basalt fiber market growth. Basalt fibers have a wide scope of applications in various end-use industries such as construction, automotive, electrical and electronics, chemical, aerospace, marine, and many others. In construction, the chopped basalt strand 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, floors, and other concrete structures. In the production of CNG cylinders, brake pads, mufflers, headliners, and other parts for interior applications in automotive industry, high-quality basalt roving, fabrics and chopped strands are used. Rapid growth across the automotive industry will provide significant opportunities for basalt fiber market in coming years. Basalt fibers are used in chemical industry for the production of chemical-resistant pipes, protective coatings, storage tanks for corrosive liquids, chemical fertilizers, acids, toxic substances etc. Basalt fiber are also a good anti-radiation protection material. Additionally, Basalt chopped strands are used in the preparation of friction materials. In electrical and electronics, basalt fibers are used in fire resistant cable construction components as fillers, braiding, tapes etc. Basalt fibers can be used as a heat-resistant insulating material in the field of printed circuit board manufacturing. Due to properties such as thermal stability and heat insulation, basalt fibers are used in aerospace industry. Basal fibers are also useful in military and civilian fields. As the application of basalt fibers are deepening, and the market demand for basalt fiber is increasing at a faster rate. Thus, wide applications of basalt fibers in various end-use industries is driving the demand for the Europe basalt fiber market.

In Europe, France, the UK, and Russia are the worst-impacted countries by the pandemic. The region is estimated to suffer an economic hit due to the lack of revenue from various industries subjected to disruption in the supply chain. As of August 31, 2021, the total number of confirmed cases in Europe is 65,138,274. The massive outbreak of the pandemic has created a temporary distortion in operation efficiencies of industrial bases in the European market. The basalt fiber market has been negatively impacted due to limited operational capabilities due to COVID-19 restrictions. However, the rising demand for basalt fiber across diverse industrial applications is expected to substantially promote the demand for basalt fiber.

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 Europe basalt fiber market. The Europe basalt fiber market is expected to grow at a good CAGR during the forecast period.

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Europe Basalt Fiber Market Segmentation

Europe Basalt Fiber Market – By Product

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

Europe Basalt Fiber Market – By End-Use Industry

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

Europe Basalt Fiber Market, by Country

  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe

Europe Basalt Fiber Market - Companies Mentioned

  • Bastech Trade Ltd
  • Deutsche Basalt Faser Gmbh
  • Fiberbas Construction and Building Technologies
  • Hg Gbf Basalt Fiber Co., Ltd
  • Kamenny Vek Company
  • Mafic SA
  • 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. Europe Basalt Fiber Market Landscape

4.1 Market Overview

4.2 Europe PEST Analysis

4.3 Expert Opinion

5. Europe Basalt Fiber Market — Key Market Dynamics

5.1 Key Market Drivers

5.1.1 Various Applications of Basalt Fibers in End-use Industries

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

5.2 Key Market Restraints

5.2.1 Unstable Raw Material Properties

5.3 Key Market Opportunities

5.3.1 Increasing Adoption of Environmentally Friendly and Recyclable Material

5.4 Future Trends

5.4.1 Rise in Demand for Noncorrosive Materials

5.5 Impact Analysis of Drivers and Restraint

6. Basalt Fiber Market – Europe Analysis

6.1 Europe Basalt Fiber Market Overview

6.2 Europe Basalt Fiber Market –Revenue and Forecast to 2028

7. Europe Basalt Fiber Market Analysis – by Product

7.1 Overview

7.2 Europe 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. Europe Basalt Fiber Market Analysis – by End-Use Industry

8.1 Overview

8.2 Europe 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. Europe Basalt Fiber Market – Country Analysis

9.1 Overview

9.1.1 Europe: Basalt Fiber Market, by Key Country

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

9.1.1.1.1 Germany: Basalt Fiber Market, By Product

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

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

9.1.1.2.1 France: Basalt Fiber Market, By Product

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

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

9.1.1.3.1 Italy: Basalt Fiber Market, By Product

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

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

9.1.1.4.1 UK: Basalt Fiber Market, By Product

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

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

9.1.1.5.1 Russia: Basalt Fiber Market, By Product

9.1.1.5.2 Russia: Basalt Fiber Market, by End-Use Industry

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

9.1.1.6.1 Rest of Europe: Basalt Fiber Market, By Product

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

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

10.1 Europe: 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 Fiberbas Construction and Building Technologies

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 Bastech Trade 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 Mafic SA

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

11.6 Technobasalt-Invest LLC

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Deutsche Basalt Faser Gmbh

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Word Index

LIST OF TABLES

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

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

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

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

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

Table 6. Italy Basalt Fiber Market, By Product – Revenue and Forecast to 2028 (US$ Thousand)

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

Table 8. UK Basalt Fiber Market, By Product – Revenue and Forecast to 2028 (US$ Thousand)

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

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

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

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

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

Table 14. List of Abbreviation

LIST OF FIGURES

Figure 1. Europe Basalt Fiber Market Segmentation

Figure 2. Europe Basalt Fiber Market Segmentation – By Country

Figure 3. Europe Basalt Fiber Market Overview

Figure 4. Europe Basalt Fiber Market, By Product

Figure 5. Europe Basalt Fiber Market, By Country

Figure 6. Europe: PEST Analysis

Figure 7. Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 29. Rest of Europe: Basalt Fiber Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 30. Impact of COVID-19 Pandemic on Basalt Fiber Market in Europe

  1. Bastech Trade Ltd
  2. Deutsche Basalt Faser Gmbh
  3. Fiberbas Construction and Building Technologies
  4. Hg Gbf Basalt Fiber Co., Ltd
  5. Kamenny Vek Company
  6. Mafic SA
  7. Technobasalt-Invest LLC
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe 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 Europe 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 Europe 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  
TIPRE00025724
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