HOME Top Market Reports Basalt Fiber Market by Usage Type (Composites And Non-Composites), by Application (Building & Construction, Transportation, Wind Energy, Electronics, Marine, And Others), and by Region - Global Trends and Forecasts to 2020

Basalt Fiber Market by Usage Type (Composites And Non-Composites), by Application (Building & Construction, Transportation, Wind Energy, Electronics, Marine, And Others), and by Region - Global Trends and Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: June 2015
Report Code: CH 3164

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Basalt fiber is a material made from extremely fine fibers of basalt, which is composed of the minerals plagioclase, pyroxene, and olivine. The manufacture of basalt fiber requires the melting of the quarried basalt rock at about 1,400 °C (2,550 °F). The molten rock is then extruded through small nozzles to produce continuous filaments of basalt fiber. This type of fiber has application in markets such as building & construction, automotive, wind energy, electronics, marine, and others. The global basalt fiber market is expected to reach $200 million by 2020, growing at a CAGR of 13.1% from 2015 to 2020.

Basalt Fibres can be classified into two types, i.e. continuous and discrete. Continuous basalt fiber is more efficient and eco-friendly than most glass & carbon fibers. Continuous basalt fibers can be processed to have higher tensile strength than steel and are rust free as they are chemically inert. They can also be classified on the basis of end application market, such as building & construction, transportation, wind energy, electronics, marine, and others.  Basalt as a fiber used in FRPs and structural composites has high potential and is expected to grow at a significant rate due to its high temperature and abrasion resistance.

Basalt fibers are ideally suited for demanding applications requiring high temperatures, chemical resistance, durability, mechanical strength and low water absorption. Such structures combine the best properties of each component to possess enhanced mechanical & superconducting properties for advanced applications. Basalt fibers are naturally resistant to ultraviolet (UV) and high-energy electromagnetic radiation, maintain their properties in cold temperatures, and provides better acid resistance. Growing demand of basalt fiber from new application markets of the world is also expected to contribute to the growth of the basalt fiber market.

The basalt fiber market is moderately fragmented, where Basaltex (Belgium), Sudaglass Fiber Technology (U.S.), Kamenny Vek (Russia), Zhejiang GBF Basalt Fiber Co., Ltd (China), and Technobasalt (U.S.) captured majority of the market share in production and supply. The companies in this market need to compete with each other with respect to prices and a wide product range with an advanced technology in order to meet the market requirements.

The report analyzes the basalt fiber market in various applications and covers the market demand with respective regions. The report also provides a market overview for the basalt fiber.

This report also includes the leading manufacturers’ profiles such as Basaltex (Belgium), Sudaglass Fiber Technology (U.S.), Kamenny Vek (Russia), Zhejiang GBF Basalt Fiber Co., Ltd (China), Technobasalt (U.S.), Shanxi Basalt Fiber Technology Co., Ltd (China), JiangSu TianLong Continuous Basalt Fiber High-tech Co., Ltd. (China), GMVChina (China), Mafic SA (Luxembourg) and Mineral 7 (Ukraine)

By Types:

  1. Continuous
  2. Discrete

By Applications:

  1. Building & Construction
  2. Automotive
  3. Electronics
  4. Wind Energy
  5. Marine
  6. Others (Sports,Aerospace)

By Regions:

  1. North America
  2. Asia-Pacific
  3. Europe
  4. RoW

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up
           2.2.2 Top Down
    2.3 Market Breakdown & Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 22)

4 Premium Insights (Page No. - 26)
    4.1 Basalt Fiber Market Size By 2020, By Value
    4.2 Basalt Fiber Market Size, By Usage
    4.3 Basalt Fiber Market, By Key Application
    4.4 European Countries are Expected to Drive the Global Basalt Fiber Market
    4.5 Basalt Fiber Applications Market Share, By Value
    4.6 Application Industry Growth Matrix

5 Market Overview (Page No. - 30)
    5.1 Introduction
    5.2 Evolution of Basalt Fibers Market
    5.3 Market Segmentation
           5.3.1 By Usage
           5.3.2 By Application
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increase in Demand of Noncorrosive Materials
                    5.4.1.2 Enhanced Physical-Mechanical & Chemical Properties
                    5.4.1.3 Environmentally Friendly and Easily Recyclable Material
           5.4.2 Restraint
                    5.4.2.1 Competition With Matured Products
           5.4.3 Opportunities
                    5.4.3.1 Increase in Demand of Basalt Fiber in Europe
                    5.4.3.2 Growing Adoption of Environmentally Friendly and Recyclable Material
           5.4.4 Challenges
                    5.4.4.1 Complex Manufacturing Process
                    5.4.4.2 Promotion of Basalt Fiber for Greater Use

6 Industry Trends (Page No. - 38)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Price Analysis
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Intensity of Competitive Rivalry
           6.4.5 Bargaining Power of Buyers

7 Basalt Fiber Market, By Usage Type (Page No. - 43)
    7.1 Introduction
    7.2 Basalt Fiber in Non-Composites
           7.2.1 Basalt Fiber Non-Composites Market, By Region
    7.3 Basalt Fiber Composites
           7.3.1 Basalt Fiber Composites Market, By Region

8 Basalt Fiber Market, By Application (Page No. - 53)
    8.1 Introduction
    8.2 Building & Construction
    8.3 Transportation
    8.4 Electrical & Electronics
    8.5 Marine
    8.6 Wind Energy
    8.7 Other Applications

9 Regional Analysis (Page No. - 67)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 Asia-Pacific
    9.5 Rest of the World

10 Competitive Landscape (Page No. - 81)
     10.1 Introduction
     10.2 Competitive Situation & Trends
     10.3 Promotions
     10.4 New Product Launches
     10.5 Agreements
     10.6 Expansions

11 Company Profiles (Page No. - 87)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Basaltex NV
     11.2 Isomatex S.A.
     11.3 Technobasalt-Invest LLC
     11.4 Mafic SA
     11.5 Incotelogy GmbH
     11.6 Kamenny VEK
     11.7 Zhejiang GBF Basalt Fiber Co.
     11.8 Sudaglass Basalt Fiber Technology
     11.9 Shanxi Basalt Fiber Technology Co. Td
     11.10 Mudanjiang Jinshi Basalt Fiber Co. Ltd

*Details Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 110)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations


List of Tables (73 Tables)

Table 1 Basalt Fiber Market Size (Volume & Value), 2013–2020
Table 2 Mechanical and Physical Properties of Fibers
Table 3 Temperature Range of Fibers
Table 4 Impact Analysis of Drivers
Table 5 Impact Analysis of Restraints
Table 6 Impact Analysis of Opportunities
Table 7 Impact Analysis of Challenges
Table 8 Chemical Composition of Glass and Basalt Fibers is Similar
Table 9 Tensile Strength of Fibers
Table 10 Basalt Fiber Stiffness Properties
Table 11 Basalt Fiber Market Size, By Type, 2013–2020 ($Million)
Table 12 Basalt Fiber Market Size, By Type, 2013–2020 (Tons)
Table 13 Basalt Fiber Market Size in Non-Composites, By Type,  2013–2020 (Value & Volume)
Table 14 Basalt Fiber Market Size in Non-Composites, By Region,2013–2020 ($Million)
Table 15 Basalt Fiber Market Size in Non-Composites, By Region,2013–2020 (Tons)
Table 16 Basalt Fiber Market Size in Non-Composites, By Application,  2013–2020 ($Million)
Table 17 Basalt Fiber Market Size in Non-Composites, By Application,2013–2020 (Tons)
Table 18 Basalt Fiber Market Size in Composites, By Type,2013–2020 (Value & Volume)
Table 19 Basalt Fiber Market Size in Composites, By Region, 2013–2020 ($Million)
Table 20 Basalt Fiber Market Size in Composites, By Region, 2013–2020 (Tons)
Table 21 Basalt Fiber Market Size in Composites, By Application,2013–2020 ($Million)
Table 22 Basalt Fiber Market Size in Composites, By Application,2013–2020 (Tons)
Table 23 Basalt Fiber Market Size, By Application, 2013–2020 ($Million)
Table 24 Basalt Fiber Market Size, By Application, 2013–2020 (Tons)
Table 25 Basalt Fiber Market Size in Building & Construction Application, By Region, 2013–2020 ($Million)
Table 26 Basalt Fiber Market Size in Building & Construction Application, By Region, 2013–2020 (Tons)
Table 27 Building & Construction Application Market Size, By Basalt Fiber Usage Type, 2013–2020 ($Million)
Table 28 Building & Construction Application Market Size, By Basalt Fiber Usage Type, 2013–2020 (Tons)
Table 29 Basalt Fiber Market Size in Transportation Application, By Region,  2013–2020 ($Million)
Table 30 Basalt Fibers Market Size in Transportation Application, By Region,  2013–2020 (Tons)
Table 31 Transportation Application Market Size, By Basalt Fiber Usage Type,  2013–2020 ($Million)
Table 32 Transportation Application Market Size, By Basalt Fiber Usage Type,  2013–2020 (Tons)
Table 33 Basalt Fiber Market Size in Electrical & Electronics Application, By Region, 2013–2020 ($Million)
Table 34 Basalt Fiber Market Size in Electrical & Electronics Application, By Region, 2013–2020 (Tons)
Table 35 Electrical & Electronics Application Market Size, By Basalt Fiber Usage Type, 2013–2020 ($Million)
Table 36 Electrical & Electronics Application Market Size, By Basalt Fiber Usage Type, 2013–2020 (Tons)
Table 37 Basalt Fiber Market Size in Marine Application, By Region,  2013–2020 ($Million)
Table 38 Basalt Fiber Market Size in Marine Application, By Region,2013–2020 (Tons)
Table 39 Marine Application Market Size, By Basalt Fiber Usage Type,  2013–2020 ($Million)
Table 40 Marine Application Market Size, By Basalt Fiber Usage Type,2013–2020 (Tons)
Table 41 Basalt Fiber Market Size in Wind Energy Application, By Region,  2013–2020 ($Million)
Table 42 Basalt Fiber Market Size in Wind Energy Application, By Region,  2013–2020 (Tons)
Table 43 Basalt Fiber Market Size in Other Applications, By Region,  2013–2020 ($Million)
Table 44 Basalt Fiber Market Size in Other Applications, By Region,2013–2020 (Tons)
Table 45 Basalt Fiber Market Size, By Region, 2013–2020 ($Million)
Table 46 Basalt Fiber Market Size, By Region, 2013–2020 (Tons)
Table 47 North America: Basalt Fiber Market Size, By Country,2013–2020 ($Million)
Table 48 North America: Basalt Fiber Market Size, By Country, 2013–2020 (Tons)
Table 49 North America: Basalt Fiber Market Size, By Application,2013–2020 ($Million)
Table 50 North America: Basalt Fiber Market Size, By Application,2013–2020 (Tons)
Table 51 North America: Basalt Fiber Market Size, By Usage Type,2013–2020 ($Million)
Table 52 North America: Basalt Fiber Market Size, By Usage Type,2013–2020 (Tons)
Table 53 Europe: Basalt Fiber Market Size, By Country, 2013–2020 ($Million)
Table 54 Europe: Basalt Fiber Market Size, By Country, 2013–2020 (Tons)
Table 55 Europe: Basalt Fiber Market Size, By Application, 2013–2020 ($Million)
Table 56 Europe: Basalt Fiber Market Size, By Application, 2013–2020 (Tons)
Table 57 Europe: Basalt Fiber Market Size, (Volume & Value)
Table 58 Europe: Basalt Fiber Market Size, By Usage Type, 2013–2020 (Tons)
Table 59 Asia-Pacific: Basalt Fiber Market Size, By Country, 2013–2020 ($Million)
Table 60 Asia-Pacific: Basalt Fiber Market Size, By Country, 2013–2020 (Tons)
Table 61 Asia-Pacific: Basalt Fiber Market Size, By Application,2013–2020 ($Million)
Table 62 Asia-Pacific: Basalt Fiber Market Size, By Application, 2013–2020 (Tons)
Table 63 Asia-Pacific: Basalt Fiber Market Size, By Usage Type,2013–2020 ($Million)
Table 64 Asia-Pacific: Basalt Fiber Market Size, By Usage Type, 2013–2020 (Tons)
Table 65 RoW: Basalt Fiber Market Size, By Country, 2013–2020 ($Million)
Table 66 RoW: Basalt Fiber Market Size, By Application, 2013–2020 ($Million)
Table 67 RoW: Basalt Fiber Market Size, By Application, 2013–2020 (Tons)
Table 68 RoW: Basalt Fiber Market Size, By Usage Type, 2013–2020 ($Million)
Table 69 RoW: Basalt Fiber Market Size, By Usage Type, 2013–2020 (Tons)
Table 70 Promotions, 2011–2015
Table 71 New Product Launches, 2012–2014
Table 72 Agreements, 2012
Table 73 Expansions, 2011-2013
 
 
List of Figures (41 Figures)
 
Figure 1 Basalt Fiber Market Segmentation
Figure 2 Basalt Fiber Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Building & Construction Segment is Likely to Drive the Basalt Fiber Market From 2015 to 2020
Figure 7 Europe Dominated the Basalt Fiber Market
Figure 8 Basalt Fiber Non-Composites Expected to Grow at the Highest CAGR,  By Value (2015–2020)
Figure 9 Attractive Market Opportunities in Basalt Fiber Market, 2015–2020
Figure 10 Non-Composites Set to Drive the Basalt Fiber Market From 2015 to 2020
Figure 11 Europe Dominates the Basalt Fiber Application Market
Figure 12 Russia and Germany Projected to Grow at A Significant Pace From  2015 to 2020
Figure 13 Building & Construction Projected to Dominate the European Basalt Fiber Market From 2015 to 2020
Figure 14 Building & Construction is Expected to Grow at the Highest Pace From 2015 to 2020
Figure 15 Fast Development and Commercialization on Basalt Fiber for Industry Applications
Figure 16 Basalt Fiber Market, By Usage
Figure 17 Basalt Fiber Market, By Application
Figure 18 Drivers, Restraints, Opportunities & Challenges in Basalt Fiber Market
Figure 19 Value Chain Analysis: More Value is Added During Composite Design and Composite Processing Phase
Figure 20 Porter’s Five Forces: Intensity of Rivalry is Low Due to Fragmented Market
Figure 21 Composites Basalt Fiber to Grow at A Faster Rate Between  2015 and 2020
Figure 22 Europe is Expected to Drive the Basalt Fiber Non-Composites Market Between 2015 and 2020
Figure 23 Building & Construction is the Largest Application for  Basalt Fiber Market
Figure 24 Europe is Expected to Dominate the Basalt Fiber Market in the Transportation Industry
Figure 25 U.S. Dominates the North American Basalt Fiber Market
Figure 26 Russia is Expected to Drive the Basalt Fiber Market in Europe
Figure 27 Key Companies Preferred Promotion Strategy Over  the Last Four Years
Figure 28 Kamenny VEK Launched Four New Products Between 2011 & 2015
Figure 29 Battle for Market Share: Promotion Was the Key Strategy
Figure 30 SWOT Analysis: Basaltex NV
Figure 31 Isomatex S.A.: Company Snapshot
Figure 32 SWOT Analysis: Technobasalt-Invest LLC
Figure 33 Mafic SA: Company Snapshot
Figure 34 SWOT Analysis: Mafic SA
Figure 35 Kamenny VEK: Company Snapshot
Figure 36 SWOT Analysis: Kamenny VEK
Figure 37 Zhejiang GBF: Company Snapshot
Figure 38 SWOT Analysis: Zhejiang GBF
Figure 39 Sudaglass: Company Snapshot
Figure 40 Shanxi Basalt: Company Snapshot
Figure 41 Mudanjiang Jinshi Basalt: Company Snapshot

The global basalt fiber market is projected to reach $200 million by 2020, growing at a CAGR of 13.1% between 2015 and 2020.

The global basalt fiber market, has witnessed a significant growth in the past few years. This growth is estimated to continue in the coming years. High demand for basalt fibers from various application industries, such as building & constructions, aerospace, wind energy due to its unique properties are the major drivers as per the current market dynamics. Also, such demand is backed by growing economies in Asia-Pacific region. The upcoming technological advancements, raw material developments, and innovative techniques developed for the use of basalt fibres will be the key influencing factors for the global market, with increased emphasis on the current cost and their applications.

Currently, Europe & North America dominates the basalt fiber market. Among all the countries in this region, U.S., Germany and Russia are important consumers of basalt fibers. The market size in terms of volume is comparatively low in the RoW, but is estimated to have a developing CAGR between 2015 and 2020.

Almost 80% of the total basalt fibers demand in 2014 was from building & construction, automobiles, and wind energy industries. The major reason behind this is basalt fibers are ideally suited for demanding applications requiring high temperatures, chemical resistance, durability, mechanical strength and low water absorption.

Asia-Pacific and European regions are the most active markets in terms of strategic initiatives, owing to their emerging and mature market demands, respectively. The superior end-user industry growth, amplified local manufacturing, and increased number of domestic players in vertical market segments, such as construction applications, and automotive applications in the Asia-Pacific region can be the important drivers in terms of consumption of the basalt fibers.

The major players in the basalt fibermarket are Basaltex (Belgium), Sudaglass Fiber Technology (U.S.), Kamenny Vek (Russia), Zhejiang GBF Basalt Fiber Co., Ltd (China), Technobasalt (U.S.), Shanxi Basalt Fiber Technology Co., Ltd (China), JiangSu TianLong Continuous Basalt Fiber High-tech Co., Ltd. (China), GMVChina (China), Mafic SA (Luxembourg) and Mineral 7 (Ukraine).

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