Basalt fiber (BF) is obtained from basalt rock and can be so finely divided that it can form fiber, which if mixed with polymer give rise to basalt fiber reinforced polymer (BFRP). Basalt fiber is cost-effective and offers exceptional properties over glass fibers. Unlike glass, basalt fibers are naturally resistant to ultraviolet and high-energy electromagnetic radiation, maintain their properties in cold temperature, and provide better acid resistance. The global basalt fiber market size is projected to grow by USD 103 million from 2022 to 2028, registering a CAGR of 5.9 percent, according to a new report by Gen Consulting Company.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global basalt fiber market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the basalt fiber industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, application, and region. The global market for basalt fiber can be segmented by product: rovings, chopped strands, twisted yarns, fabrics and tapes, others. Basalt fiber market is further segmented by application: building & construction, automotive, industrial. Based on region, the basalt fiber market is segmented into: North America, Asia Pacific, Europe, Rest of the World (ROW).

By product:
– rovings
– chopped strands
– twisted yarns
– fabrics and tapes
– others

By application:
– building & construction
– automotive
– industrial

By region:
– North America
– Asia Pacific
– Europe
– Rest of the World (ROW)

The global basalt fiber market report offers detailed information on several market vendors, including Basalt Technology, Company Mineral 7, DBF Deutsche Basalt Faser GmbH, Global Basalt Engineering LLC, HG GBF Basalt Fiber Co., Ltd., INCOTELOGY GmbH, ISOMATEX S.A., Jiangsu GMV New Materials Technology Development Co., Ltd., Jiangsu Tianlong Continuous Basalt Fiber Co., Ltd., Jilin Tongxin Basalt Technology Co., Ltd., Kamenny Vek Company, Mafic Inc., Shanxi Basalt Fibre Technology Co., Ltd., Sichuan Aerospace Tuoxin Basalt Industry Co., Ltd., Sudaglass Fiber Technology Inc., Technobasalt-Invest LLC, among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global basalt fiber market.
– To classify and forecast the global basalt fiber market based on product, application, region.
– To identify drivers and challenges for the global basalt fiber market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global basalt fiber market.
– To identify and analyze the profile of leading players operating in the global basalt fiber market.

Why Choose This Report
– Gain a reliable outlook of the global basalt fiber market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.