Global Basalt Fiber Sales Market Report 2021

Basalt Fiber is a material made from extremely fine fibres of basalt, which is composed of the minerals plagioclase, pyroxene, and olivine. It is similar to carbon fibre and fibreglass, having better physic mechanical properties than fibreglass, but being significantly cheaper than carbon fibre. It is used as a fireproof textile in the aerospace and automotive industries and can also be used as a composite to produce products such as camera tripods.
Basalt Fiber is made from a single material, crushed basalt, from a carefully chosen quarry source and unlike other materials such as glass fibre, essentially no materials are added. The basalt is simply washed and then melted.
Basalt fiber industry has broad development prospects, the value is favored by investors, production companies gradually increased.
Fiber manufacturer must continue to strengthen internal technological innovation, improve product quality, also has the external dual role: materials suppliers and solutions providers. The degree of Basalt Fiber technological innovation directly determines the development speed and the development space of Basalt Fiber industry, and even the success or failure of basalt fiber industry.
According to the statistics, basalt fiber industry is relatively concentrated. Currently, there are many producing companies in the world basalt fibe. The main market players are Kamenny Vek, Technobasalt-Invest, Sudaglass, Mafic, Zaomineral, Aerospace Tuoxin, Shanxi Basalt Fiber, GMV, Jiangsu Tianlong, Tongxin, Jilin Jiuxin, Zhejiang GBF, etc. Based on the survey, the top ten manufacturers were estimated to account for 76.37% volume market share in 2015.

Market Analysis and Insights: Global Basalt Fiber Market
The global Basalt Fiber market was valued at US$ 59 in 2020 and will reach US$ 91 million by the end of 2027, growing at a CAGR of 7.5% during 2022-2027.

Global Basalt Fiber Scope and Market Size
The global Basalt Fiber market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Basalt Fiber market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

Segment by Type
Basalt Chopped Fiber
Basalt Continuous Fiber

Segment by Application
Road & Building Construction
Automotive
Military
Others

The Basalt Fiber market is analysed and market size information is provided by regions (countries). Segment by Application, the Basalt Fiber market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.

By Company
Kamenny Vek
Technobasalt-Invest
Sudaglass
Mafic
Zaomineral
Aerospace Tuoxin
Shanxi Basalt Fiber
GMV
Jiangsu Tianlong
Tongxin
Jilin Jiuxin
Zhejiang GBF

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