The Global Continuous Basalt Fibers Market by End-users, and Regions — Global Industry Analysis, Growth, Share, Size, Trends and Forecast 2020–2026

The global continuous basalt fibers market is expected to reach a considerable value by 2026, expanding at a substantial CAGR during the forecasted period from 2020 to 2026. Basalt fibers are produced from extremely fine fiber materials of the basalt rock. Basalt is a volcanic rock and is abundantly available in the earth’s crust and ocean beds. These materials are composed of minerals such as olivine, pyroxene, and plagioclase. These materials are similar to fiberglass but have better physical and chemical properties and are cheaper than the carbon fibers.

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Basalt fibers have many applications such as it is used as a composite to produce camera tripods and fireproof textiles used in the aerospace industry. There are two types of basalt fibers continuous and discrete. The continuous basalt fiber is prepared in a single stage that includes melting, homogenization of basalt and extraction of fibers. Basalt is heated only once, and then further processes are carried out using cold technologies. The continuous basalt are effective substitute of steel, nylon, carbon glass fiber, and asbestos, these products are chemically inert and does not rust thus increasing the durability of the product.

Market Trends, Drivers, Restraints, and Opportunities:

• The continuous basalt fibers have high tensile strength and better durability compared to other substitutes such as glass fiber and steel. In addition, increased construction activities, improved standard of living, and lucrative government policies regarding the construction of the green and brown buildings are some of the factors driving the growth for the basalt fibers market.
• The latest trend is the use of continuous basalt fibers in the production of wind turbines. Increased environmental awareness of producing energy from renewable sources is expected to bolster the demand.
• The high technological cost associated with these fibers is hampering the growth. However, increased investment in R&D has expected to produce cheap basalt fibers.
• The automotive and aerospace industries are a massive untapped market. Basalt fibers have high structural integrity and mechanical property and are likely to replace fiberglass used to produce auto parts in these industries.

Competitive Landscape:

Key players operating in the global continuous basalt fibers market are Sudaglass Fiber Technology, Shanxi Basalt Fiber Technology Co., Arrow Technical Textiles Pvt. Ltd, ARMBAS, Technobasalt-Invest, KamennyVek, Jiang Su Tian Long Continuous Basalt Fiber High-Tech Co.Ltd and Mineral, Jiangsu Green Materials Vally New Material T&D, GMV, Zhejiang GBF Basalt Fiber Co. Ltd, Jilin Tongxin Basalt Technology, Basaltex, Kamenny Vek, and Mafic SA. Major strategies followed by these players are market expansion to increase the geographical reach, mergers & acquisitions, investment in R&D to develop new products, technological advancements, partnerships, and creating entry barriers for new the players. The market is highly dynamic and is dominated mostly by the big players. Mafic SA is investing in R&D to produce basalt fiber from basalt rock that are lightweight, cost-competitive, and have better performance compared to other substitutes.

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The global continuous basalt fibers market has been segmented based on

End-users

• Construction
• Automotive
• Electrical and Electronics
• Molding

Regions

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

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Table of Contents

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. continuous basalt fibers market Overview
5. Global continuous basalt fibers market Analysis and Forecast by Type
6. Global continuous basalt fibers market Analysis and Forecast by Application
7. Global continuous basalt fibers market Analysis and Forecast by Sales Channel
8. Global continuous basalt fibers market Analysis and Forecast by Region
9. North America continuous basalt fibers market Analysis and Forecast
10. Latin America continuous basalt fibers market Analysis and Forecast
11. Europe continuous basalt fibers market Analysis and Forecast
12. Asia Pacific continuous basalt fibers market Analysis and Forecast
13. Middle East & Africa continuous basalt fibers market Analysis and Forecast
14. Competition Landscape

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