Fiber material

Basalt Fiber Market Analytical Overview, Growth Factors

Basalt fiber market: advanced reinforcement for concrete applications

Basalt fiber, a product derived from basalt rock, is widely used in building & construction and automotive applications due to its highly attractive mechanical properties such as high tensile strength, alkali resistance and high impact resistance.

It is considered an alternative product to fiberglass and carbon fiber. Basalt fiber is composed of pyroxene and minerals such as plagioclase and olivine. Plageocene and pyroxene constitute nearly 80% of the composition of basalt fibres. Basalt fiber has properties such as good thermal performance range, high tensile strength and superior electromagnetic properties

Basalt fiber is inexpensive compared to fiberglass and is widely used in the automotive and aerospace industries due to its high structural integrity and mechanical properties. Basalt fiber can be used from very low temperatures (-200°C) to high temperatures (800°C).

Basalt fiber appears in two forms: continuous and discrete. Continuous fiber is widely used in applications such as rovings, fabrics and yarns. The demand for a continuous form of basalt fiber is increasing in composite and non-composite applications. Continuous basalt fiber can be used as a replacement for asbestos fiber.

Basalt fiber has no toxic reaction with oxygen or water; therefore, it is non-combustible. In contact with other chemicals, basalt fiber does not produce any chemical reaction that is harmful to the environment or to human health.

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Increase in demand from building and construction industry to drive the market

Rising demand for basalt fiber in the building and construction industry with a particular focus on civil engineering applications is expected to drive the basalt fiber market

The demand for basalt fibers in the reinforcement of concrete structural materials is on the rise, as the incorporation of basalt fibers improves the durability and flexural strength of the structural material. The use of basalt fiber as concrete reinforcement is high in hydraulic engineering and construction in seismic risk regions.

Rising demand for basalt fiber as concrete reinforcement for applications such as bridges, tunnels, residential buildings, soft roofs, reusable shutters, heat supply system and cable ducts is expected to drive the global basalt fiber market

Rising construction activities in emerging economies such as Asia-Pacific and Latin America are also expected to propel the demand for basalt fiber in the coming years. Rising investment in infrastructure projects, including the construction of new railways, highways, underground metro lines and pavement surfacings, is expected to fuel the demand for basalt fiber.

Nuclear power plant application to provide exciting opportunities

Increasing consumption of basalt fiber in nuclear applications is likely to increase the demand for basalt fiber. Basalt fiber does not absorb nuclear radiation. This makes it ideal for use in the production and transport of radioactive materials used in nuclear power plants. Thus, the demand for basalt fibers is high in nuclear applications.

Protective plugs made of basalt fiber composites are used in landfills. These provide protection for human health and the environment from nuclear waste.

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Increased Threat of Substitute Materials to Hinder the Market

Substitute materials such as carbon fiber and fiberglass are doing well in the market. The use of these materials for reinforcement applications is increasing at a significant rate. Basalt fiber has recently been introduced to the market. A moderate number of basalt fiber manufacturers are operating in the market. Thus, the high threat of substitute materials and the presence of a limited number of manufacturers are likely to restrain the global basalt fiber market.

Asia-Pacific is expected to hold a major share of the basalt fiber market

In terms of region, the global basalt fiber market can be divided into five regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.

Asia-Pacific is expected to account for a major share of the global basalt fiber market. Growing demand for basalt fiber in end-user industries such as construction and infrastructure, automotive and transportation, and wind power is a major factor driving the demand for basalt fiber in Asia- Peaceful. Basalt fiber manufacturers located in China are developing new technologies and focusing on manufacturing continuous basalt fiber with low cost.

The presence of a very attractive automotive industry in China, Japan, and South Korea is also a key driver for Asia-Pacific’s large market share in the global basalt fiber market. Basalt fiber is used in brake pads, mufflers, headliners and other interior applications in the automotive and transportation industry.

The increase in basalt fiber applications in fabrics, plastics, prepregs and laminates has also increased. This is expected to propel the demand for basalt fiber in Asia-Pacific in the near future.

Main market players

The global basalt fiber market is moderately concentrated with major manufacturers accounting for a major share. Prominent players operating in the global basalt fiber market are seeking to enter into partnerships for the development of basalt fiber applications and the commercialization of its technology. Geographic expansion and product development are strategies adopted by major manufacturers.

Key players operating in the global basalt fiber market include:

Kamenny Vek

MAFIC

Basaltex

TECHNOBASALT-INVEST LLC

Isomatex

Sudaglass fiberglass technology

Shanxi Basalt Fiber Technology Co., Ltd

Mudanjiang Basalt Fiber Co., Ltd,

Jiangsu Green Materials Vally New Material T&D Co., Ltd (GMV)

Shanxi Basalt Fiber Technology Co., Ltd

Basalt Technology UK Limited

Zhejiang GBF Basalt Fiber, Ltd (GBF)

Arrow Technical Textiles Pvt. ltd

ARMS

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Global Basalt Fiber Market: Research Scope

Global basalt fiber market, by form

Continued

Discreet

Global Basalt Fiber Market, By Application

Building construction

nuclear energy engineering

Composite materials

Automotive

Industrial

Others (including electrical engineering and sporting goods)

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