According to the IMARC Group Basalt fiber is a form of fiber-reinforced polymer produced using extremely fine fibers of basalt and minerals, including pyroxene, plagioclase and olivine. It is generally processed through pultrusion, prepreg process, compression/resin molding and vacuum infusion to procure continuous or discrete basalt fiber. These fibers are used to manufacture fireproof automobile and aerospace textiles, filament winding of pipes, tanks and cylinders, geogrids, tunnels and refractory bricks. Compared to the conventionally used glass-fiber, basalt fiber offers superior thermal protection, enhanced durability, better resistance to chemicals and ultraviolet rays, and high adhesive capabilities.
The global basalt fiber market is primarily driven by rapid industrialization along with increasing infrastructural developments. Furthermore, owing to its high cost-effectiveness and non-corrosive properties, basalt fiber is extensively used for both commercial and residential constructions. Moreover, basalt fiber is widely adopted as a substitute for steel and other fiber reinforcements to manufacture lightweight automobile and aircraft components, thereby further catalyzing the market. Additionally, due to the rising environmental concerns, there is an increasing preference for recyclable and eco-friendly basalt fiber, which is positively influencing the market. Other factors, such as the implementation of stringent government policies to lower carbon emissions, and extensive R&D activities, are further expected to propel the market for basal fiber.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global basalt fiber market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, product, type, form, method and end use industry.
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Breakup by Product:
Rebar
Fabric
Roving
Chopped Strands
Mesh and Grids
Others
Breakup by Type:
Composites
Non-Composites
Breakup by Form:
Continuous
Discrete
Breakup by Method:
Pultrusion
Prepregs
Compression Moulding
Hand Layup
Resin Moulding
Vacuum Infusion
Spray Gun
Filament Winding
Others
Breakup by End Use Industry:
Automotive and Transportation
Construction and Infrastructure
Electrical and Electronics
Wind Energy
Marines
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ASA.TEC GmbH, Basaltex NV, INCOTELOGY GmbH, Isomatex, Kamenny Vek, Mafic, Shanxi Basalt Fiber Technology Co. Ltd, sjn AG Suchmaschine der Technik, Sudaglass Fiber Technology, Technobasalt-Invest LLC and Zhejiang Hengdian Imp.&Exp. Co. Ltd.
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