Which region will continue to dominate the basalt fiber market? Find out in Technavio’s market analysis report

Get a detailed report summary describing the forecast along with the market size and research methodology. The Free sample report Available in PDF format

market segmentation

According to geography, North America will be the largest share of market growth. This sector is expected to account for 36% of the market growth during the forecast period. The growth of the market in this region is attributed to factors such as increasing demand from various end-users such as aerospace and alternative energy sectors. Moreover, the growth of the market in this region will be faster than the growth of the market in the regions. The US is consistently the leading country for the basalt fiber market North America.

By application, the Construction The segment will contribute the largest share of the market during the forecast period. Continuous basalt fiber has low thermal conductivity, strong resistance, high compatibility with organic and inorganic binders, high strength with low weight, and high fire resistance and durability. Therefore, basalt composites are preferred in the construction industry compared to conventional materials such as carbon, steel and glass fiber. In addition, continuous basalt fiber requires low production costs and is environmentally friendly.

Learn about each segment’s contribution summarized in concise infographics and detailed descriptions. View a free PDF sample report

Market dynamics

The superior properties of continuous basalt fiber over conventional materials are driving the growth of the continuous basalt fiber market. However, factors such as increasing demand for lightweight composite materials in the automotive industry may challenge the market growth.

Company profiles

Continuous Basalt Fiber Market Report includes ARMBASALT CJSC, BASTECH, Fiberbas Manufacturing and Manufacturing Technologies, HG GBF Basalt Fiber Co. Ltd., INCOTELOGY GmbH, JiLin Tongxin Co., JiLin Tongxin Co. Ltd. Includes information on product launches, sustainability and prospects of key vendors, including Ltd., Kamenny Vek, MAFIC, Shanxi Basalt Fiber Technology Co. Ltd., and Technobasalt-Invest LLC. Some of these vendors’ key offerings are listed below:

  • ARMBASALT CJSC – The company provides basalt fiber for construction materials.
  • bastek – The company offers basalt fiber which is used as a reinforcing agent for concrete, plaster and plastic, providing three-dimensional reinforcement.
  • Fiberglass Manufacturing and Manufacturing Techniques – The company offers basalt fibers that have attractive end product properties and improved efficiency in terms of chemical and vibration resistance, highest temperature resistance, and water absorption.
  • HG GBF Basalt Fiber Co. Ltd. – The company offers a variety of continuous basalt fiber products, including chopped fibers, rovings, fabrics and more.
  • INCOTELOGY GmbH – The company offers continuous basalt fiber products for the automotive and aerospace industries.

This report provides a complete list of key vendors, their strategies, and latest developments. Request a free PDF sample now

Competitive analysis

The report includes competitive analysis, a proprietary tool for analyzing and evaluating companies’ positions based on their Industry Position Score and Market Performance Score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past three years, growth strategy, innovation score, new product launch, investment, market share growth, etc.

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Continuous Basalt Fiber Market Scope

Report coverage

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth rate and CAGR

Accelerated at a CAGR of 11.1%

Market Growth 2021-2025

USD 135.06 million

Market structure

fragmented

Annual Growth (%)

9.93

Regional analysis

North America, Europe, APAC, South America, and MEA

Demonstrating market contribution

North America at 36%

Major consumer countries

US, Germany, China, UK and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement range

Companies profile

ARMBASALT CJSC, BASTECH, Fiberbas Construction and Manufacturing Technologies, HG GBF Basalt Fiber Co. Ltd., INCOTELOGY GmbH, JiLin Tongxin Basalt Technology Co. Ltd., Kamenny Vek, MAFIC, Shanxi Basalt Fiber Technology Co. Ltd., and Technobasalt Investalt LLC

Market dynamics

Parent market analysis, market growth inducers and restraints, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Custom range

If our report does not contain the data you are looking for, you can contact our analysts and customize the sections.

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Table of Contents

1 Executive Summary

2 Market scenario

  • 2.1 Market Ecosystem
    • Exhibit 01: Parent Market
    • Exhibit 02: Market Characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Commodity Chemicals

3 Market size

  • 3.1 Market Definition
    • Exhibit 04: Proposal of vendors included in the market definition
  • 3.2 Market Segment Analysis
    • Exhibit 05: Market Segments
  • 3.4 Market Outlook: Forecast for 2020 – 2025
    • Exhibit 06: Global – Market Size and Forecast 2020 – 2025 ($ Million)
    • Exhibit 07: Global Market: Year-on-Year Growth 2020 – 2025 (%)

4 Five Forces Analysis

  • 4.1 Five Forces Summary
    • Exhibit 08: Five Forces Analysis 2020 and 2025
  • 4.2 Bargaining Power of Purchasers
    • Exhibit 09: Bargaining Power of Buyers
  • 4.3 Bargaining Power of Suppliers
    • Exhibit 10: Bargaining Power of Suppliers
  • 4.4 Threats of New Entrants
    • Exhibit 11: Threat of New Entrants
  • 4.5 Threat of Substitution
    • Exhibit 12: The Threat of Alternatives
  • 4.6 Threats of Competitors
    • Exhibit 13: Threat of Rivalry
  • 4.7 Market Conditions
    • Exhibit 14: Market Conditions – The Five Forces 2020

5 Market segmentation by application

  • 5.1 Market Segments
    • Exhibit 15: Applications – Market Share 2020-2025 (%)
  • 5.2 Comparison by Application
    • Exhibit 16: Comparison by Application
  • 5.3 Construction – Market Size and Forecast 2020-2025
    • Exhibit 17: Construction – Market Size and Forecast 2020-2025 ($ Million)
    • Exhibit 18: Construction – Year-on-year growth 2020-2025 (%)
  • 5.4 Molding – Market Size and Forecast 2020-2025
    • Exhibit 19: Molding – Market Size and Forecast 2020-2025 ($ Million)
    • Exhibit 20: Molding – Year-on-Year Growth 2020-2025 (%)
  • 5.5 Electrical and Electronics – Market Size and Forecast 2020-2025
    • Exhibit 21: Electrical and Electronics – Market Size and Forecast 2020-2025 ($ Million)
    • Exhibit 22: Electrical and Electronics – Year-on-Year Growth 2020-2025 (%)
  • 5.6 Automotive – Market Size and Forecast 2020-2025
    • Exhibit 23: Automotive – Market Size and Forecast 2020-2025 ($ Million)
    • Exhibit 24: Automotive – Year-on-Year Growth 2020-2025 (%)
  • 5.7 Others – Market Size and Forecast 2020-2025
    • Exhibit 25: Others – Market Size and Forecast 2020-2025 ($ Million)
    • Exhibit 26: Others – Year-on-year growth 2020-2025 (%)
  • 5.8 Market Opportunities by Application
    • Exhibit 27: Market Opportunity by Application

6 Customer scenario

7 Geographical landscape

  • 7.1 Geographical Segmentation
    • Exhibit 29: Market Share by Geography 2020-2025 (%).
  • 7.2 Geographical Comparisons
    • Exhibit 30: Geographical Comparisons
  • 7.3 North America – Market Size and Forecast 2020-2025
    • Exhibit 31: North America – Market Size and Forecast 2020-2025 ($ Million)
    • Exhibit 32: North America – Year-on-year growth 2020-2025 (%)
  • 7.4 Europe – Market Size and Forecast 2020-2025
    • Exhibit 33: Europe – Market Size and Forecast 2020-2025 ($ Million)
    • Exhibit 34: Europe – Year-on-year growth 2020-2025 (%)
  • 7.5 APAC – Market Size and Forecast 2020-2025
    • Exhibit 35: APAC – Market Size and Forecast 2020-2025 ($ Million)
    • Exhibit 36: APAC – Year-on-year growth 2020-2025 (%)
  • 7.6 South America – Market Size and Forecast 2020-2025
    • Exhibit 37: South America – Market Size and Forecast 2020-2025 ($ Million)
    • Exhibit 38: South America – Year-on-year growth 2020-2025 (%)
  • 7.7 MEA – Market Size and Forecast 2020-2025
    • Exhibit 39: MEA – Market Size and Forecast 2020-2025 ($ Million)
    • Exhibit 40: MEA – Year-on-year growth 2020-2025 (%)
  • 7.8 Principal Principal Countries
    • Exhibit 41: Major Key Countries
  • 7.9 Market Opportunities by Geography
    • Exhibit 42: Market Opportunity by Geography ($ Millions)

8 Drivers, Challenges, and Trends

  • 8.2 Market Challenges
    • Exhibit 43: Impact of Drivers and Challenges

9 vendor scenario

  • 9.2 Vendor Scenario
    • Exhibit 44: Vendor Scenario
  • 9.3 Landscape Constraints
    • Exhibit 45: Landscape disruption
    • Exhibit 46: Industry Risk

10 Vendor Analysis

  • 10.2 Market Position of Sellers
    • Exhibit 48: Market Position of Vendors
  • 10.3 ARMBASALT CJSC
    • Exhibit 49: ARMBASALT CJSC – Overview
    • Exhibit 50: ARMBASALT CJSC – Products and Services
    • Exhibit 51: ARMBASALT CJSC – Major Proposals
  • 10.4 BASTECH
    • Exhibit 52: BASTECH – Overview
    • Exhibit 53: BASTECH – Products and Services
    • Exhibit 54: BASTECH – Major Proposals
  • 10.5 Fiberbas Construction and Manufacturing Techniques
    • Exhibit 55: Fiberglass Construction and Manufacturing Techniques – Overview
    • Exhibit 56: Fiberbas Construction and Manufacturing Technologies – Products and Services
    • Exhibit 57: Fiberbas Construction and Manufacturing Technologies – Key Proposals
  • 10.6 HG GBF Basalt Fiber Co. Ltd.
    • Exhibit 58: HG GBF Basalt Fiber Co. Ltd. – Overview
    • Exhibit 59: HG GBF Basalt Fiber Co. Ltd. – Products and services
    • Exhibit 60: HG GBF Basalt Fiber Co. Ltd. – Major offers
  • 10.7 INCOTELOGY GmbH
    • Exhibit 61: INCOTELOGY GmbH – Overview
    • Exhibit 62: INCOTELOGY GmbH – Products and Services
    • Exhibit 63: INCOTELOGY GmbH – Key Offers
  • 10.8 JiLin Tongxin Basalt Technology Co. Ltd.
    • Exhibit 64: JiLin Tongxin Basalt Technology Co. Ltd. – Overview
    • Exhibit 65: JiLin Tongxin Basalt Technology Co. Ltd. – Products and services
    • Exhibit 66: JiLin Tongxin Basalt Technology Co. Ltd. – Major offers
  • 10.9 The Stone Age
    • Exhibit 67: Stone Age – Overview
    • Exhibit 68: Kamenny Vek – Products and Services
    • Exhibit 69: Kamenny Vek – Major Offers
  • 10.10 MAFIC
    • Exhibit 70: MAFIC – Overview
    • Exhibit 71: MAFIC – Products and Services
    • Exhibit 72: MAFIC – Major Proposals
  • 10.11 Shanxi Basalt Fiber Technology Co., Ltd
    • Exhibit 73: Shanxi Basalt Fiber Technology Co., Ltd. – Overview
    • Exhibit 74: Shanxi Basalt Fiber Technology Co., Ltd. – Products and Services
    • Exhibit 75: Shanxi Basalt Fiber Technology Co., Ltd. – Key Offerings
  • 10.12 Technobasalt-Invest LLC
    • Exhibit 76: Technobasalt-Invest LLC – Overview
    • Exhibit 77: Technobasalt-Invest LLC – Products and Services
    • Exhibit 78: Technobasalt-Invest LLC – Key Proposals

11 Appendix

  • 11.2 Currency conversion rate for US$
    • Exhibit 79: Currency Conversion Rates for US$
  • 11.3 Research Methodology
    • Exhibit 80: Research Methodology
    • Exhibit 81: Validation Techniques Used for Market Size
    • Exhibit 82: Information Sources
  • 11.4 List of Abbreviations
    • Exhibit 83: List of Abbreviations

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