Basalt Fiber Market Size to Grow by USD 218.73 Mn, Increase in Aircraft Deliveries to Drive Growth - Technavio

NEW YORK, Oct. 26, 2022 /PRNewswire/ -- The basalt fiber market size is expected to grow by USD 218.73 million from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 12.6% during the forecast period, according to the latest report from Technavio. The basalt fiber market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size.

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The basalt fiber market covers the following areas:

Basalt Fiber Market Sizing
Basalt Fiber Market Forecast
Basalt Fiber Market Analysis

Driver and Challenge

The increase in aircraft deliveries is driving the global basalt fiber market growth. Air travel is expected to grow at a steady pace. The demand for aircraft is projected to increase owing to the increasing affluence of the middle class in emerging economies. Commercial aircraft manufacturers are developing new-generation, fuel-efficient aircraft. The year-over-year increase in air traffic has encouraged airline companies to introduce new aircraft to cater to the growing demand. Basalt fiber provides structural strength to aircraft. Thus, a rise in aircraft deliveries globally is expected to increase the demand for basalt fibers during the forecast period.

The poor availability of raw materials is will challenge the global basalt fiber market growth. The properties of basalt rock depend on the rate of cooling, the source of lava, and historical exposure to the elements. Basalt is the only source of basalt fiber, and basalt rock is difficult to extract. Such factors are expected to impede the growth of the global basalt fiber market during the forecast period.

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Market Segmentation

The basalt fiber market is segmented by application (composites and non-composites) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The composite segment will be a significant contributor to market growth during the forecast period. Basalt fiber has various properties, such as chemical inertness, high-temperature resistance, environment-friendliness, and high tensile strength, which are beneficial in manufacturing composites for various molding applications. Basalt fiber-strengthened polymer composites are gradually replacing glass fiber-reinforced composites.

Key Companies Mentioned with their Offerings

Basalt Engineering LLC, Basalt Fiber and Composite Materials Technology Development Co. Ltd., Basalt Fiber Tech, Basalt Fibers., BASTECH, CF Composites, Chongqing Hesheng Longgang Technology Co. Ltd., Deutsche Basalt Faser GmbH, Fiberbas construction and building technologies, Final Advanced Materials Sarl, Galen Australia, HG GBF Basalt Fiber Co. Ltd., Jiangsu TianLong Continuous Basalt Fiber High-tech Co. Ltd., Kamenny Vek, Kodiak Fiberglass Rebar, Lavaintel, MAFIC, Sichuan Jumeisheng New Material Technology Co. Ltd, SWICOFIL AG, and Technobasalt-Invest LLC are some of the key vendors. The offerings of some of these vendors are listed below:

• Basalt Fiber Tech - The company offers basalt fiber that includes basalt continuous filaments, assembled roving, gun roving and direct roving which is used in boat shells, storage tanks, pipes, automotive parts, construction applications, and high-pressure vessels.
• Deutsche Basalt Faser GmbH - The company offers basalt fiber that includes Basalt Rebar, which is used in industrial floors, tunnels and concrete roads, and infrastructural elements.
• Final Advanced Materials Sarl - The company offers basalt fiber that includes Needled Felts, Sleeves, Z-Rock Tapes, and Basalt fiber tapes.

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Key Topics Covered

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Composites - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Composites - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Composites - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Composites - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Composites - Year-over-year growth 2021-2026 (%)

• 5.4 Non-composites - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Non-composites - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Non-composites - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Non-composites - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Non-composites - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Application 
• Exhibit 36: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026 
• Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026 
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026 
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026 
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026 
• Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 US - Market size and forecast 2021-2026 
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026 
• Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026 
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 Italy - Market size and forecast 2021-2026 
• Exhibit 78: Chart on Italy - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Italy - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Italy - Year-over-year growth 2021-2026 (%)

• 7.13 India - Market size and forecast 2021-2026 
• Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.14 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Basalt Fiber Tech
• Exhibit 93: Basalt Fiber Tech - Overview
• Exhibit 94: Basalt Fiber Tech - Product / Service
• Exhibit 95: Basalt Fiber Tech - Key offerings

• 10.4 Deutsche Basalt Faser GmbH 
• Exhibit 96: Deutsche Basalt Faser GmbH - Overview
• Exhibit 97: Deutsche Basalt Faser GmbH - Product / Service
• Exhibit 98: Deutsche Basalt Faser GmbH - Key offerings

• 10.5 Final Advanced Materials Sarl 
• Exhibit 99: Final Advanced Materials Sarl - Overview
• Exhibit 100: Final Advanced Materials Sarl - Product / Service
• Exhibit 101: Final Advanced Materials Sarl - Key offerings

• 10.6 HG GBF Basalt Fiber Co. Ltd. 
• Exhibit 102: HG GBF Basalt Fiber Co. Ltd. - Overview
• Exhibit 103: HG GBF Basalt Fiber Co. Ltd. - Product / Service
• Exhibit 104: HG GBF Basalt Fiber Co. Ltd. - Key offerings

• 10.7 Jiangsu TianLong Continuous Basalt Fiber 
• Exhibit 105: Jiangsu TianLong Continuous Basalt Fiber - Overview
• Exhibit 106: Jiangsu TianLong Continuous Basalt Fiber - Product / Service
• Exhibit 107: Jiangsu TianLong Continuous Basalt Fiber - Key offerings

• 10.8 Kamenny Vek
• Exhibit 108: Kamenny Vek - Overview
• Exhibit 109: Kamenny Vek - Product / Service
• Exhibit 110: Kamenny Vek - Key offerings

• 10.9 Lavaintel
• Exhibit 111: Lavaintel - Overview
• Exhibit 112: Lavaintel - Product / Service
• Exhibit 113: Lavaintel - Key offerings

• 10.10 MAFIC
• Exhibit 114: MAFIC - Overview
• Exhibit 115: MAFIC - Product / Service
• Exhibit 116: MAFIC - Key offerings

• 10.11 Sichuan Jumeisheng New Material 
• Exhibit 117: Sichuan Jumeisheng New Material - Overview
• Exhibit 118: Sichuan Jumeisheng New Material - Product / Service
• Exhibit 119: Sichuan Jumeisheng New Material - Key offerings

• 10.12 Technobasalt-Invest LLC 
• Exhibit 120: Technobasalt-Invest LLC - Overview
• Exhibit 121: Technobasalt-Invest LLC - Product / Service
• Exhibit 122: Technobasalt-Invest LLC - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 123: Inclusions checklist
• Exhibit 124: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 125: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 126: Research methodology
• Exhibit 127: Validation techniques employed for market sizing
• Exhibit 128: Information sources

• 11.5 List of abbreviations 
• Exhibit 129: List of abbreviations

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SOURCE Technavio