Fiber foods

Basalt Fiber Market Report 2022: Global Size, Share, Growth, End-Use Industry and Competitive Analysis

SHERIDAN, WY, USA, August 4, 2022 / — According to the latest report of the IMARC group, entitled “basalt fiber market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027”, the global basalt fiber market reached a value of US$300.8 million in 2021. Looking ahead, IMARC Group expects the market to reach US$565.7 million by 2027, exhibiting a CAGR of 10.7% during the period 2022-2027.

Basalt fiber is a form of fiber-reinforced polymer that is made from extremely fine basalt fibers and minerals such as plagioclase, pyroxene and olivine. It is processed by the preimpregnation process, pultrusion, vacuum infusion and compression/resin molding to obtain continuous or discrete basalt fiber. Basalt fiber exhibits superior thermal protection, tensile strength, durability, and resistance to chemicals and ultraviolet (UV) rays than traditionally used fiberglass. They are also used in the manufacture of flame retardant aerospace and automotive textiles, reinforced geogrids, plastics, tunnels and refractory bricks, and filament wound tanks, pipes and cylinders.

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Market Trends and Drivers:

The cost-effectiveness and non-corrosive properties of basalt fiber have swelled its demand in residential, industrial and commercial constructions, representing one of the major drivers for the growth of the market. This is further influenced by rapid industrialization and vast infrastructure development across the world. Additionally, the increasing adoption of low-profile basalt fiber as an effective substitute for steel and other fiber reinforcements to manufacture lightweight aircraft and automotive components is driving the market growth. In addition to this, governments of various countries are introducing policies aimed at reducing their carbon footprint, which is providing impetus for the growth of the market. In this light, growing environmental awareness among consumers has escalated the demand for eco-friendly and recyclable basalt fibers, which creates a positive outlook for the market.

Competitive Analysis and Segmentation of the Basalt Fiber Market 2022-2027:

Competitive landscape with key players:

The competitive landscape of the basalt fiber market has been studied in the report along with the detailed profiles of key players operating in the market.

Some of these key players include:

• Basaltex SA
• Isomatex
• Kamenny Vek
• Mafic
• Shanxi Basalt Fiber Technology Co. Ltd.
• sjn AG Suchmaschine der Technik
• Sudaglass fiberglass technology
• Technobasalt-Invest LLC
• Zhejiang Hengdian Imp. & ex. Co.Ltd.

Key Market Segmentation:

The report has segmented the global basalt fiber market on the basis of product, type, form, method, end-use industry, and region.

Breakdown by product:

• Rebar
• itinerant
• Cut strands
• Mesh and grids
• Others

Breakdown by type:

• Composite materials
• Non-composite

Breakdown by form:

• Continued
• Discreet

Breakdown by method:

• Pultrusion
• Compression molding
• Hand lay-up
• Resin casting
• Vacuum infusion
• Paint gun
• Filament winding
• Others

Breakdown by end-use industry:

• Automotive and transportation
• Construction and infrastructure
• Electricity and Electronics
• Wind energy
• Marines
• Others

Breakdown by region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Ask the analyst for a customization and explore the full report with table of contents and list of figures:

Main highlights of the report:

• Market performance (2016-2021)
Market Outlook (2022-2027)
• Market trends
• Market drivers and success factors
• Impact of COVID-19
• Value chain analysis
• Complete mapping of the competitive landscape

If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.

About Us
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

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Our offerings include comprehensive market information in the form of research reports, production cost reports, feasibility studies and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our client base, ranging from small and medium-sized businesses to Fortune 1000 companies.

Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
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