Market Overview:
The global basalt continuous fibers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for basalt continuous fibers from various end-use industries, such as construction and infrastructure, automotive and transportation, electrical and electronics, wind energy, marines, and others. Basalt continuous fibers are used in various applications owing to their properties such as high tensile strength, low weight ratio, corrosion resistance, thermal insulation properties.
Product Definition:
Basalt continuous fibers are a natural fiber made from basalt, a type of volcanic rock. Basalt continuous fibers have high tensile strength and are resistant to chemicals and heat. They are used in manufacturing products such as automotive parts, pipes, and tiles.
Composites:
Composites are materials which are manufactured by combining two or more substances, usually through the application of heat and pressure. The most common composite materials include glass fiber reinforced plastic (GFRP), carbon fiber reinforced polymer (CFRP) and aramid fibers reinforced plastic (APRP). Composites have a wide range of applications in various industries such as automotive & transportation, aerospace & defense, electronics manufacturing and consumer goods.
Non-Composites:
Non-composites are materials that do not consist of carbon or any other organic compound. The most common types of non-composites used in the production of BASALT continuous fibers are glass fiber, ceramic fiber and aramid fibers.
The global market for non composites is expected to grow at a CAGR close to 6% over the forecast period owing to increasing demand from various end use industries such as automotive & transportation, aerospace & defense.
Application Insights:
The construction and infrastructure application segment led the global basalt continuous fibers market in 2017, accounting for over 45% of the overall revenue share. The product is widely used in this application owing to its superior properties including high strength, thermal stability and durability. In addition, it can be easily fabricated as well as integrated into various structural components such as floorings, pipes and gabion baskets.
The automotive and transportation sector also accounted for a significant share in 2017 due to increasing demand from major end-use markets including North America and Europe. Increasing use of lightweight materials has been a key factor driving the demand for BASF products in this sector on account of their ability to reduce vehicle weight without compromising with safety requirements or performance levels required by consumers worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing infrastructure investment coupled with rising industrialization in countries such as China, India, Indonesia, Vietnam and Thailand.
Europe accounted for a significant share of revenue in 2017 owing to high demand from end-use industries such as automotive and transportation. The presence of key manufacturers including Composit Technology Ltd., Toray Industries Inc., Ushio Coating Holdings Co., Ltd.; Ito Chemicals; Nippon Paint Holdings Co.; Shinshu Chemical; Sanyo Chemical Industries Corp.; Hasegawa Chemicals KK; Lanxess A GmbH &Co; RHI AG that supply basalt fibers on regular basis is also one of the major factors contributing toward Europe’s growth.
Growth Factors:
- Increasing demand for lightweight and high-performance materials in automotive and aerospace industries
- Growing penetration of basalt fiber composites in construction and infrastructure sectors
- Rising awareness about the benefits of basalt fiber composites over traditional materials
- Technological advancements in production processes that are making basalt fibers more affordable and accessible to a wider audience
- Growing number of applications for basalt fibers across a range of industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Basalt Continuous Fibers Market Research Report
By Type
Composites, Non-Composites
By Application
Construction and Infrastructure, Automotive and Transportation, Electrical and Electronics, Wind Energy, Marines, Others
By Companies
Kamenny Vek, Mafic SA, Technobasalt-Invest LLC, ISOMATEX SA, INCOTELOGY GmbH, Zhejiang GBF Basalt Fiber, Russian Basalt
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Basalt Continuous Fibers Market Report Segments:
The global Basalt Continuous Fibers market is segmented on the basis of:
Types
Composites, Non-Composites
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction and Infrastructure, Automotive and Transportation, Electrical and Electronics, Wind Energy, Marines, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kamenny Vek
- Mafic SA
- Technobasalt-Invest LLC
- ISOMATEX SA
- INCOTELOGY GmbH
- Zhejiang GBF Basalt Fiber
- Russian Basalt
Highlights of The Basalt Continuous Fibers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Composites
- Non-Composites
- By Application:
- Construction and Infrastructure
- Automotive and Transportation
- Electrical and Electronics
- Wind Energy
- Marines
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Basalt Continuous Fibers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Basalt Continuous Fibers is a type of fiberglass insulation that is made from basalt, a volcanic rock. Basalt fibers are very strong and can be used to insulate buildings and other structures.
Some of the major players in the basalt continuous fibers market are Kamenny Vek, Mafic SA, Technobasalt-Invest LLC, ISOMATEX SA, INCOTELOGY GmbH, Zhejiang GBF Basalt Fiber, Russian Basalt.
The basalt continuous fibers market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Basalt Continuous Fibers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Basalt Continuous Fibers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Basalt Continuous Fibers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Basalt Continuous Fibers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Basalt Continuous Fibers Market Size & Forecast, 2020-2028
4.5.1 Basalt Continuous Fibers Market Size and Y-o-Y Growth
4.5.2 Basalt Continuous Fibers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Composites
5.2.2 Non-Composites
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction and Infrastructure
6.2.2 Automotive and Transportation
6.2.3 Electrical and Electronics
6.2.4 Wind Energy
6.2.5 Marines
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Basalt Continuous Fibers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Basalt Continuous Fibers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Composites
9.6.2 Non-Composites
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction and Infrastructure
9.10.2 Automotive and Transportation
9.10.3 Electrical and Electronics
9.10.4 Wind Energy
9.10.5 Marines
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Composites
10.6.2 Non-Composites
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction and Infrastructure
10.10.2 Automotive and Transportation
10.10.3 Electrical and Electronics
10.10.4 Wind Energy
10.10.5 Marines
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Composites
11.6.2 Non-Composites
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction and Infrastructure
11.10.2 Automotive and Transportation
11.10.3 Electrical and Electronics
11.10.4 Wind Energy
11.10.5 Marines
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Composites
12.6.2 Non-Composites
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction and Infrastructure
12.10.2 Automotive and Transportation
12.10.3 Electrical and Electronics
12.10.4 Wind Energy
12.10.5 Marines
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Composites
13.6.2 Non-Composites
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction and Infrastructure
13.10.2 Automotive and Transportation
13.10.3 Electrical and Electronics
13.10.4 Wind Energy
13.10.5 Marines
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Basalt Continuous Fibers Market: Competitive Dashboard
14.2 Global Basalt Continuous Fibers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kamenny Vek
14.3.2 Mafic SA
14.3.3 Technobasalt-Invest LLC
14.3.4 ISOMATEX SA
14.3.5 INCOTELOGY GmbH
14.3.6 Zhejiang GBF Basalt Fiber
14.3.7 Russian Basalt
