NEW YORK, Aug. 23, 2022 /PRNewswire/ — The continuous basalt fiber market has been segmented by application (construction, molding, electrical and electronics, automotive, and others) and geography (North America, Europe, APAC, South America, and MEA).
The continuous basalt fiber market size is estimated to grow by USD 135.06 mn from 2020 to 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 11.1% during the forecast period, according to Technavio.
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Market Segmentation
By geography, North America will have the largest share of market growth. The region is expected to account for 36% of the market’s growth during the forecast period. The growth of the market in the region is attributed to factors such as the increasing demand from various end-users such as aerospace and alternative energy sectors. Moreover, market growth in this region will be faster than the growth of the market in regions. The US is the key country for the continuous basalt fiber market in North America.
By application, the construction 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. Hence, basalt composites are preferred in the construction industry when compared to traditional materials such as carbon, steel, and glass fibers. In addition, continuous basalt fiber requires low production cost and is environment-friendly.
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Market Dynamics
The superior properties of continuous basalt fiber over traditional materials are driving the continuous basalt fiber market growth. However, factors such as increased demand for lightweight composite materials in the automotive industry may challenge the market growth.
Company Profiles
The continuous basalt fiber market report includes information on the product launches, sustainability, and prospects of leading vendors, including ARMBASALT CJSC, BASTECH, Fiberbas construction and building 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-Invest LLC. The key offerings of some of these vendors are listed below:
- ARMBASALT CJSC – The company offers basalt fiber for construction materials.
- BASTECH – The company offers basalt fiber which is used as a reinforcing agent for concrete, plaster, and plastics, providing three-dimensional strengthening.
- Fiberbas construction and building technologies – The company offers basalt fiber which has attractive properties of the end product and improved efficiency in terms of chemical and vibration resistance, resistance to supreme temperatures, and water absorption.
- HG GBF Basalt Fiber Co. Ltd. – The company offers various continuous basalt fiber products, which include chopped fibers, rovings, fabrics, and others.
- INCOTELOGY GmbH – The company offers continuous basalt fiber products for the automotive and aerospace industries.
This report provides a full list of key vendors, their strategies, and the latest developments. Request a FREE PDF Sample Now
Competitive Analysis
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last three years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
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Continuous Basalt Fiber Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11.1% |
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Market growth 2021-2025 |
USD 135.06 million |
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Market structure |
Fragmented |
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YoY growth (%) |
9.93 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 36% |
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Key consumer countries |
US, Germany, China, UK, and India |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
ARMBASALT CJSC, BASTECH, Fiberbas construction and building 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-Invest LLC |
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Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Contents
1 Executive Summary
2 Market Landscape
- 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 Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 – 2025
- Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition – Five forces 2020
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 15: Application – 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-over-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-over-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-over-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-over-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-over-year growth 2020-2025 (%)
- 5.8 Market opportunity by Application
- Exhibit 27: Market opportunity by Application
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 29: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 30: Geographic comparison
- 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-over-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-over-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-over-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-over-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-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 41: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 42: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- Exhibit 43: Impact of drivers and challenges
- 8.3 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 44: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 45: Landscape disruption
- Exhibit 46: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 48: Market positioning of vendors
- 10.3 ARMBASALT CJSC
- Exhibit 49: ARMBASALT CJSC – Overview
- Exhibit 50: ARMBASALT CJSC – Product and service
- Exhibit 51: ARMBASALT CJSC – Key offerings
- 10.4 BASTECH
- Exhibit 52: BASTECH – Overview
- Exhibit 53: BASTECH – Product and service
- Exhibit 54: BASTECH – Key offerings
- 10.5 Fiberbas construction and building technologies
- Exhibit 55: Fiberbas construction and building technologies – Overview
- Exhibit 56: Fiberbas construction and building technologies – Product and service
- Exhibit 57: Fiberbas construction and building technologies – Key offerings
- 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. – Product and service
- Exhibit 60: HG GBF Basalt Fiber Co. Ltd. – Key offerings
- 10.7 INCOTELOGY GmbH
- Exhibit 61: INCOTELOGY GmbH – Overview
- Exhibit 62: INCOTELOGY GmbH – Product and service
- Exhibit 63: INCOTELOGY GmbH – Key offerings
- 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. – Product and service
- Exhibit 66: JiLin Tongxin Basalt Technology Co. Ltd. – Key offerings
- 10.9 Kamenny Vek
- Exhibit 67: Kamenny Vek – Overview
- Exhibit 68: Kamenny Vek – Product and service
- Exhibit 69: Kamenny Vek – Key offerings
- 10.10 MAFIC
- Exhibit 70: MAFIC – Overview
- Exhibit 71: MAFIC – Product and service
- Exhibit 72: MAFIC – Key offerings
- 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. – Product and service
- 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 – Product and service
- Exhibit 78: Technobasalt-Invest LLC – Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Currency conversion rates for US$
- Exhibit 79: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 80: Research Methodology
- Exhibit 81: Validation techniques employed for market sizing
- Exhibit 82: Information sources
- 11.4 List of abbreviations
- Exhibit 83: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Newsroom: newsroom.technavio.com/news/continuous-basalt-fibermarket
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