Basalt Fiber Market Size, Share, and Trends 2024 to 2034

The global basalt fiber market size is accounted at USD 350.64 million in 2025 and is forecasted to hit around USD 913.82 million by 2034, representing a CAGR of 11.23% from 2025 to 2034. The North America market size was estimated at USD 160.77 million in 2024 and is expanding at a CAGR of 11.33% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Million), with 2024 as the base year.

  • Last Updated : February 2025
  • Report Code : 5533
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Basalt Fiber Market 

5.1. COVID-19 Landscape: Basalt Fiber Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Basalt Fiber Market, By Usage

8.1. Basalt Fiber Market Revenue and Volume, By Usage

8.1.1 Composite

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Non-Composite

8.1.2.1. Market Revenue and Volume Forecast

Chapter 9. Global Basalt Fiber Market, By End-Use

9.1. Basalt Fiber Market Revenue and Volume, By End-Use

9.1.1. Building and Construction

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Automotive and Transportation

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Electrical and Electronics

9.1.3.1. Market Revenue and Volume Forecast

9.1.4. Marine

9.1.4.1. Market Revenue and Volume Forecast

9.1.5. Other End-Uses

9.1.5.1. Market Revenue and Volume Forecast

Chapter 10. Global Basalt Fiber Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, By Usage

10.1.2. Market Revenue and Volume Forecast, By End-Use

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, By Usage

10.1.3.2. Market Revenue and Volume Forecast, By End-Use

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, By Usage

10.1.4.2. Market Revenue and Volume Forecast, By End-Use

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, By Usage

10.2.2. Market Revenue and Volume Forecast, By End-Use

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, By Usage

10.2.3.2. Market Revenue and Volume Forecast, By End-Use

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, By Usage

10.2.4.2. Market Revenue and Volume Forecast, By End-Use

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, By Usage

10.2.5.2. Market Revenue and Volume Forecast, By End-Use

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, By Usage

10.2.6.2. Market Revenue and Volume Forecast, By End-Use

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, By Usage

10.3.2. Market Revenue and Volume Forecast, By End-Use

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, By Usage

10.3.3.2. Market Revenue and Volume Forecast, By End-Use

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, By Usage

10.3.4.2. Market Revenue and Volume Forecast, By End-Use

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, By Usage

10.3.5.2. Market Revenue and Volume Forecast, By End-Use

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, By Usage

10.3.6.2. Market Revenue and Volume Forecast, By End-Use

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, By Usage

10.4.2. Market Revenue and Volume Forecast, By End-Use

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, By Usage

10.4.3.2. Market Revenue and Volume Forecast, By End-Use

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, By Usage

10.4.4.2. Market Revenue and Volume Forecast, By End-Use

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, By Usage

10.4.5.2. Market Revenue and Volume Forecast, By End-Use

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, By Usage

10.4.6.2. Market Revenue and Volume Forecast, By End-Use

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, By Usage

10.5.2. Market Revenue and Volume Forecast, By End-Use

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, By Usage

10.5.3.2. Market Revenue and Volume Forecast, By End-Use

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, By Usage

10.5.4.2. Market Revenue and Volume Forecast, By End-Use

Chapter 11. Company Profiles

11.1. RMBAS

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. BASTECH

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Deustche Basalt Faser GmbH

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Galen Ltd.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. INCOTELOGY GmbH

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. ISOMATEX SA

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Kamenny Vek

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. MAFIC

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Shanxi Basalt Fiber Technology Co., Ltd.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Sudaglass Fiber Technology

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global basalt fiber market size is expected to grow from USD 315.24 million in 2024 to USD 913.82 million by 2034.

The basalt fiber market is anticipated to grow at a CAGR of 11.23% between 2025 and 2034.

The major players operating in the basalt fiber market are RMBAS, BASTECH, Deustche Basalt Faser GmbH, Galen Ltd., INCOTELOGY GmbH ISOMATEX SA, Kamenny Vek, MAFIC, Shanxi Basalt Fiber Technology Co., Ltd., Sudaglass Fiber Technology, Technobasalt-Invest LLC, Zhejiang GBF Basalt Fiber Co., and Others.

The driving factors of the basalt fiber market are the increasing demand for sustainable materials coupled with technological advancements.

Asia Pacific region will lead the global basalt fiber market during the forecast period 2025 to 2034.

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