The Market Reports

Synopsis
The global market for Basalt Fibre was estimated to be worth US$ 101 million in 2024 and is forecast to a readjusted size of US$ 195 million by 2031 with a CAGR of 9.6% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Basalt Fibre cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Basalt fibre is a high-performance, inorganic fibre derived from the rapid cooling of molten basalt rock—a volcanic igneous rock abundant in minerals like plagioclase, pyroxene, and olivine. The production process involves melting crushed basalt at temperatures around 1,400–1,600°C and extruding the molten material through fine nozzles to form continuous filaments.
This single-step process is environmentally friendly, as it requires no additives or chemical treatments. The resulting fibres exhibit exceptional mechanical strength, thermal stability, and chemical resistance, making them suitable for various industrial applications.
Basalt fibre stands out as a sustainable, high-performance material with a wide range of applications across various industries. Its superior mechanical properties, thermal stability, and chemical resistance make it an attractive alternative to conventional fibres. As industries continue to prioritize sustainability and performance, the basalt fibre market is poised for substantial growth in the coming years.
In terms of application areas, the construction and infrastructure industry holds the largest market share of about 36%. Basalt fiber is increasingly used in concrete reinforcement, insulation materials, and structural composites, especially in projects with high requirements for durability and corrosion resistance. In addition, the transportation industry is also actively adopting basalt fiber to reduce vehicle weight, improve fuel efficiency, and reduce emissions.
From a regional market perspective, the Asia-Pacific region dominates the global basalt fiber market, especially in countries such as China, India, and Japan. The rapid industrialization and urbanization process in these countries has driven the increase in construction and infrastructure projects, thereby driving the demand for basalt fiber. In addition, government policies supporting sustainable building materials have also promoted the growth of the market in the region. It is expected that the Asia-Pacific region will continue to maintain a rapid growth trend.
The key players are Sichuan Fiberglass, Guizhou Shixin, Aerospace Tuoxin, Zhejiang GBF, Qianyi, etc. Top 3 companies occupied about 40% market share.
This report aims to provide a comprehensive presentation of the global market for Basalt Fibre, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Basalt Fibre by region & country, by Type, and by Application.
The Basalt Fibre market size, estimations, and forecasts are provided in terms of sales volume (MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Basalt Fibre.
Market Segmentation
By Company
Kamenny Vek
Zhejiang GBF
Technobasalt-Invest
Sudaglass Fiber
Basaltex
Sichuan Fiberglass
Sichuan Aerospace
Guizhou Shixin
Zhengzhou Dengdian CBF
Tongxin
Shanxi ECIC Basalt Development
Shanxi Basalt Fiber
GMVChina
Jiangsu Tianlong
Qianyi
Segment by Type
Chopped Fiber
Twistless Roving
Twisted Roving
Segment by Application
Building and Construction
Transportation
Automobile
Military Use
Aerospace
Shipbuilding
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Basalt Fibre manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Basalt Fibre in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Basalt Fibre in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index