Basalt Fiber Market
Basalt Fiber Market
Global Basalt Fiber Market Overview
The Basalt Fiber Market is projected to reach USD 0.74 billion by 2032, with a compound annual growth rate (CAGR) of 10.55% during the forecast period (2023 - 2032). This growth is driven by the increasing adoption of basalt fiber in diverse applications across industries like automotive, construction, marine, aerospace & defense, and chemical.
Key Companies in the Basalt Fiber market include
- Kamenny Vek (Russia)
- Galen Ltd (Russia)
- Technobasalt Invest LLC (Ukraine)
- Albarrie Canada Limited (Canada)
- Zhejiang GBF Basalt Fiber Co. Ltd (China)
- Sudaglass Fiber Technology (China)
- Mafic SA (Ireland)
- Shanxi Basalt Fiber Technology Co. Ltd (China)
- Basaltex (Belgium)
- Jiangsu Tianlong Continuous Basalt Fiber Co. Ltd (China)
- INCOTELOGY GmbH (Germany)
- Mudanjiang Basalt Fiber Co. Ltd (China)
- Basalt Fiber Tech
- Deutsche Basalt Faser GmbH
- Jumeisheng
- Basalt Fibers
- China Beihai Fiberglass Co., Ltd.
- LAVAintel
Basalt Fiber Industry Developments
In January 2022, Basaltex, a top producer of basalt fiber products in Belgium, unveiled a new line of basalt fiber fabrics tailored for aerospace and automotive industries. These lightweight, high-strength fabrics boast resistance to high temperatures, catering to composite production needs in aerospace and automotive sectors.
In December 2021, Ukrainian manufacturer Technobasalt-Invest partnered with Belarusian giant BelAZ, a leading mining dump truck manufacturer. The collaboration targets the development of composite materials using basalt fiber for the mining industry, offering robust and lightweight solutions to enhance mining operations' efficiency and safety.
In March 2021, Mafic USA, a renowned basalt fiber producer, joined forces with Ulbrich Stainless Steels & Special Metals, a supplier of stainless steel and special metals. Their collaboration aims to create innovative products using basalt fiber and stainless steel, combining expertise to deliver high-performance solutions across diverse industries.
Basalt Fiber Market Segmentation:
Basalt Fiber Form Outlook
- Continous
- Discrete
Basalt Fiber Product Type Outlook
- Roving
- Chopped Strands
- Fabric
- Mesh and Grid
- Mats
- Others
Basalt Fiber End-use Outlook
- Construction
- Automotive
- Aerospace & Defense
- Electrical & Electronics
- Chemical
- Marine
Basalt Fiber Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Regions and Country
North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Sweden
- Netherlands
- Turkey
- Switzerland
- Belgium
- Rest of Europe
Asia-Pacific
- South Korea
- Japan
- China
- India
- Australia
- Philippines
- Singapore
- Malaysia
- Thailand
- Indonesia
- Rest of APAC
Latin America
- Mexico
- Colombia
- Brazil
- Argentina
- Peru
- Rest of South America
Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of MEA
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