玄武岩繊維（バサルト繊維）市場 : 2028年までの世界予測

Report Overview

Basalt fiber’s estimated global market size is USD 279 million in 2023, and it is anticipated to reach USD 503 million by 2028. Between 2023 and 2028, this growth is anticipated to occur at a Compound Annual Growth Rate (CAGR) of 12.5%. In order to meet the increasing demand from a variety of end-user industries, including building and infrastructure, automotive and transportation, electrical and electronics, among others, this expansion is anticipated to continue in the upcoming years. Of these, the construction and infrastructure industry is the main user of basalt fibers since these fibers are highly suitable for demanding applications requiring characteristics like minimal water absorption, chemical resistance, durability, and mechanical strength.

“Continuous form of the basalt fiber holds the largest share in terms of both value and volume.”
Continuous form of basalt fibers dominated the global basalt fiber market and is expected to register the highest CAGR during the forecasted period. This remarkable growth can be chiefly attributed to the increasing demand across a spectrum of global end-use industries, thanks to its efficient properties. The continuous form of basalt fiber is widely used in several industries, including wind energy, construction and infrastructure, automotive and transportation, and maritime. Because of their superior mechanical qualities, increased tensile strength, and outstanding efficiency, continuous basalt fibers are the go-to option in these sectors.

“Usage of basalt fiber in composite is the fastest growing segment.”
Given its broad applicability across a variety of end-use industries, including construction and infrastructure, automotive and transportation, maritime, wind energy, and sporting goods, among others, the use of composites is expected to rise significantly in the near future. Whether used in concrete or plastic matrices, basalt can bring new possibilities for reinforced composites when used in the form of continuous fibers.
Currently, there is an increase in demand for basalt fiber across a range of applications, both in composite and non-composite forms. These applications include, but are not limited to, the production of pipes, bars, fittings, fabrics, structural plastics, automotive components, concrete reinforcement for construction, insulating plastics, and materials used in friction-related applications. They also include areas such as thermal and sound insulation, which involves materials like basalt wool and engine insulation.

“Construction & infrastructure is the largest and the fastest-growing end-use industry of basalt fiber.”
During the forecasted period, the construction and infrastructure sector is poised to exhibit the highest Compound Annual Growth Rate (CAGR). Within the construction industry, basalt fibers and basalt fiber composites are extensively employed due to their excellent insulating properties. Notably, these materials offer longevity and resistance to corrosion, setting them apart from steel and the decay-prone nature of wood. This translates to reduced maintenance and replacement expenses.
Furthermore, basalt fiber composite materials are gradually making inroads into the construction industry, gradually displacing steel. This transition is driven by their exceptional combination of attributes, which include a high strength-to-weight ratio, resistance to chemicals and corrosion, low thermal conductivity, and an absence of electrical and magnetic conduction. Basalt fibers find application in a multitude of construction scenarios, including assembled houses, structures, cold floor heating systems, fire partitions, firewalls, fire doors, and various other construction applications. These fibers take on multiple forms, serving as reinforced rebars, pultruded load-bearing profiles, unidirectional, biaxial, and triaxial basalt fabrics, basalt reinforcing meshes, and they are even incorporated into basalt fiber-reinforced concrete within the construction and infrastructure sector.

“Asia Pacific region dominated the global basalt fiber market.”
Asia Pacific region holds the largest share of the global basalt fiber market and is expected to register the highest CAGR between 2023 and 2028. This prevalence is mainly attributed to the substantial demand emerging from industries like automotive and transportation, construction and infrastructure, and wind energy within the region. Notably, the burgeoning investments in the construction and infrastructure sector in the region are a significant driving force behind the heightened consumption of basalt fibers. Among the countries in this region, China emerges as the foremost player in the basalt fiber market.

Breakdown of Profiles of Primary Interviews:
• By Company Type- Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%
• By Designation- C Level- 50%, Director Level- 30%, and Others- 20%
• By Region- North America- 15%, Europe- 50%, Asia Pacific (APAC) – 20%, Latin America-10%, Middle East & Africa (MEA)-5%,

The report provides a comprehensive analysis of company profiles listed below:

• Kamenny Vek (Russia)
• Zhejiang GBF Basalt Fiber Co. (China)
• JFE RockFiber Corp. (Japan), Mafic SA (Ireland)
• Technobasalt-Invest LLC (Ukraine)
• Russian Basalt (Russia)
• ISOMATEX SA (Belgium)
• INCOTELOGY GmbH (Germany)
• Sudaglass Basalt Fiber Technology (US)
• Shanxi Basalt Fiber Technology Co., Ltd (China)
• Mudanjiang Basalt Fiber Co. (China)

Research Coverage
This report covers the basalt fiber market by form, usage, end use industry and region. It aims at estimating the size and future growth potential of the market across various segments. The report also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.

Reasons to buy the report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall basalt fiber market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

• Analysis of key drivers (Increase in demand for non-corrosive materials), restraints (1.2.2.2 Lack of standardization in manufacturing technologies), opportunities (1.2.3.2 Growing adoption of environmentally friendly and recyclable materials), and challenges (1.2.4.1 Complex manufacturing process and high cost compared to E-glass fibers) influencing the growth of the basalt fiber market.

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the basalt fiber market

• Market Development: Comprehensive information about lucrative markets – the report analyses the basalt fiber market across varied regions

• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the basalt fiber market

• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players in the basalt fiber market.

Table of Contents

1            INTRODUCTION            25

1.1         STUDY OBJECTIVES      25

1.2         MARKET DEFINITION   25

1.2.1      INCLUSIONS AND EXCLUSIONS 25

1.3         MARKET SCOPE             26

FIGURE 1           BASALT FIBER MARKET SEGMENTATION           26

1.3.1      REGIONS COVERED      26

1.3.2      YEARS CONSIDERED     27

1.4         CURRENCY CONSIDERED          27

1.5         UNITS CONSIDERED     27

1.6         LIMITATIONS   28

1.7         STAKEHOLDERS            28

1.8         SUMMARY OF CHANGES            28

1.9         RECESSION IMPACT      28

2            RESEARCH METHODOLOGY     29

2.1         RESEARCH APPROACH 29

FIGURE 2           BASALT FIBER MARKET: RESEARCH DESIGN     29

2.2         BASE NUMBER CALCULATION  30

2.2.1      APPROACH 1: SUPPLY-SIDE ANALYSIS  30

2.2.2      APPROACH 2: DEMAND-SIDE ANALYSIS             30

2.3         RECESSION IMPACT      31

FIGURE 3           MAJOR FACTORS RESPONSIBLE FOR GLOBAL RECESSION AND THEIR IMPACT ON BASALT FIBER MARKET       31

2.4         RESEARCH DATA           32

2.4.1      SECONDARY DATA       32

2.4.1.1   Key data from secondary sources     32

2.4.2      PRIMARY DATA 33

2.4.2.1   Key data from primary sources         33

2.4.2.2   Primary interviews—top basalt fiber manufacturers     34

2.4.2.3   Breakdown of primary interviews     34

2.4.2.4   Key industry insights          35

2.5         MARKET SIZE ESTIMATION       35

2.5.1      BOTTOM-UP APPROACH           35

FIGURE 4           MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH  35

2.5.2      TOP-DOWN APPROACH             36

FIGURE 5           MARKET SIZE ESTIMATION: TOP-DOWN APPROACH    36

2.6         MARKET FORECAST APPROACH            36

2.6.1      SUPPLY SIDE    36

2.6.2      DEMAND SIDE  36

2.7         DATA TRIANGULATION             37

FIGURE 6           BASALT FIBER MARKET: DATA TRIANGULATION           37

2.8         ASSUMPTIONS 38

2.9         GROWTH FORECAST    38

2.10       RESEARCH LIMITATIONS           39

2.11       RISK ANALYSIS 39

3            EXECUTIVE SUMMARY 40

FIGURE 7           CONTINUOUS FORM LED BASALT FIBER MARKET IN 2022              41

FIGURE 8           COMPOSITES SEGMENT DOMINATED MARKET IN 2022 41

FIGURE 9           AUTOMOTIVE & TRANSPORTATION INDUSTRY LED MARKET IN 2022 42

FIGURE 10         ASIA PACIFIC TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD       42

4            PREMIUM INSIGHTS      44

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BASALT FIBER MARKET            44

FIGURE 11         SIGNIFICANT GROWTH EXPECTED IN BASALT FIBER MARKET BETWEEN 2023 AND 2028           44

4.2         BASALT FIBER MARKET, BY FORM AND REGION             45

FIGURE 12         CONTINUOUS FORM AND ASIA PACIFIC WERE LARGEST MARKETS IN 2022           45

4.3         BASALT FIBER MARKET, BY USAGE        45

FIGURE 13         COMPOSITES SEGMENT DOMINATED MARKET IN 2022 45

4.4         BASALT FIBER MARKET, BY END-USE INDUSTRY            46

FIGURE 14         CONSTRUCTION & INFRASTRUCTURE WAS LARGEST END-USE INDUSTRY IN 2022         46

4.5         BASALT FIBER MARKET GROWTH, BY KEY COUNTRY    47

FIGURE 15         CHINA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD       47

5            MARKET OVERVIEW     48

5.1         INTRODUCTION            48

5.2         MARKET DYNAMICS     48

FIGURE 16         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN BASALT FIBER MARKET         48

5.2.1      DRIVERS            49

5.2.1.1   Increase in demand for non-corrosive materials           49

5.2.1.2   Resistance to extreme temperatures and vibrations      49

TABLE 1             MECHANICAL & PHYSICAL PROPERTIES OF FIBERS        49

TABLE 2             TEMPERATURE RANGE OF FIBERS         50

5.2.1.3   Need for environment-friendly and recyclable material 50

5.2.2      RESTRAINTS     50

5.2.2.1   Use of substitutes in construction sector        50

5.2.2.2   Lack of standardized manufacturing technologies        50

5.2.3      OPPORTUNITIES           51

5.2.3.1   Rising demand for basalt fibers from marine sector      51

5.2.3.2   Increased adoption of eco-friendly fiber-reinforced composite products   51

5.2.4      CHALLENGES   51

5.2.4.1   Complex manufacturing process and high cost compared to E-glass fibers              51

5.2.4.2   Technical complexities in production process 52

5.3         PORTER’S FIVE FORCES ANALYSIS         52

FIGURE 17         BASALT FIBER MARKET: PORTER’S FIVE FORCES ANALYSIS              52

5.3.1      THREAT OF NEW ENTRANTS    53

5.3.2      THREAT OF SUBSTITUTES         53

5.3.3      BARGAINING POWER OF BUYERS           53

5.3.4      BARGAINING POWER OF SUPPLIERS     53

5.3.5      INTENSITY OF COMPETITIVE RIVALRY 53

TABLE 3             BASALT FIBER MARKET: PORTER’S FIVE FORCES ANALYSIS              54

5.4         SUPPLY CHAIN ANALYSIS          54

TABLE 4             BASALT FIBER MARKET: COMPANIES AND THEIR ROLE IN ECOSYSTEM     54

5.5         PRICING ANALYSIS        55

5.5.1      AVERAGE SELLING PRICE, BY END-USE INDUSTRY        55

FIGURE 18         AVERAGE SELLING PRICE TREND OF KEY PLAYERS BY TOP THREE END-USE INDUSTRIES (USD/KG)            55

TABLE 5             AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP 3 END-USE INDUSTRIES (USD/KG)           55

5.6         AVERAGE SELLING PRICE TREND, BY REGION  56

TABLE 6             BASALT FIBER MARKET: AVERAGE SELLING PRICE, BY REGION              56

5.7         TRADE DATA ANALYSIS             56

5.7.1      EXPORT SCENARIO OF BASALT FIBERS 56

TABLE 7             TOP 25 EXPORTING COUNTRIES IN 2022            56

5.7.2      IMPORT SCENARIO OF BASALT FIBERS 57

TABLE 8             TOP 25 IMPORTING COUNTRIES IN 2022            57

5.8         KEY STAKEHOLDERS & BUYING CRITERIA          58

5.8.1      KEY STAKEHOLDERS IN BUYING PROCESS         58

FIGURE 19         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE INDUSTRIES     58

TABLE 9             INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE INDUSTRIES     58

5.8.2      BUYING CRITERIA         59

FIGURE 20         KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES              59

TABLE 10           KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES              59

5.9         TECHNOLOGY ANALYSIS           59

TABLE 11           COMPARATIVE STUDY OF MAJOR BASALT FIBER COMPOSITE MANUFACTURING PROCESSES 59

5.10       ECOSYSTEM MAP          60

FIGURE 21         ECOSYSTEM MAP: BASALT FIBER MARKET        60

5.11       VALUE CHAIN ANALYSIS            61

FIGURE 22         VALUE CHAIN ANALYSIS: BASALT FIBER MARKET          61

5.12       CASE STUDY ANALYSIS 62

FIGURE 23         CASE STUDY ANALYSIS: BASALT FIBER MARKET            62

5.13       TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS              62

FIGURE 24         REVENUE SHIFT FOR BASALT FIBER MARKET   62

5.14       TARIFF AND REGULATORY LANDSCAPE            63

5.14.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          63

TABLE 12           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         63

TABLE 13           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 63

TABLE 14           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         64

5.14.2    STANDARDS FOR BASALT FIBER MARKET          64

TABLE 15           CURRENT STANDARD CODES FOR BASALT FIBER MARKET              64

5.15       PATENT ANALYSIS        65

5.15.1    INTRODUCTION            65

5.15.2    METHODOLOGY           65

5.15.3    DOCUMENT TYPES       65

TABLE 16           BASALT FIBER MARKET: GLOBAL PATENTS       65

FIGURE 25         GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE        66

FIGURE 26         GLOBAL PATENT PUBLICATION TREND, 2013–2023       66

5.15.4    INSIGHTS          66

5.15.5    LEGAL STATUS 67

FIGURE 27         BASALT FIBER MARKET: LEGAL STATUS OF PATENTS   67

5.15.6    JURISDICTION ANALYSIS           67

FIGURE 28         GLOBAL JURISDICTION ANALYSIS, 2013–2023    67

5.15.7    TOP APPLICANTS          68

FIGURE 29         SICHUAN AEROSPACE WUYUAN COMPOSITE MATERIALS CO., LTD. REGISTERED HIGHEST NUMBER OF PATENTS       68

TABLE 17           PATENTS BY SICHUAN AEROSPACE WUYUAN COMPOSITE MATERIALS CO., LTD.   68

5.15.8    PATENTS BY ZHENGZHOU DENGDIAN CBF CO., LTD.   69

5.15.9    PATENTS BY SOUTHEAST UNIVERSITY 70

5.15.10  TOP PATENT OWNERS (US) IN LAST 10 YEARS  70

5.16       KEY CONFERENCES & EVENTS, 2023–2024           71

TABLE 18           KEY CONFERENCES & EVENTS RELATED TO BASALT FIBER AND RELATED MARKETS, 2023–2024      71

6            BASALT FIBER MARKET, BY FORM          73

6.1         INTRODUCTION            74

FIGURE 30         CONTINUOUS BASALT FIBER RECORDS FASTER GROWTH DURING FORECAST PERIOD     74

TABLE 19           BASALT FIBER MARKET, BY FORM, 2018–2022 (TON)      74

TABLE 20           BASALT FIBER MARKET, BY FORM, 2018–2022 (USD THOUSAND)     74

TABLE 21           BASALT FIBER MARKET, BY FORM, 2023–2028 (TON)      75

TABLE 22           BASALT FIBER MARKET, BY FORM, 2023–2028 (USD THOUSAND)     75

6.2         CONTINUOUS BASALT FIBER    76

6.2.1      HIGH EFFICIENCY AND TENSILE STRENGTH TO DRIVE MARKET              76

6.2.2      CONTINUOUS: BASALT FIBER MARKET, BY REGION      76

TABLE 23           CONTINUOUS: BASALT FIBER MARKET, BY REGION, 2018–2022 (TON)  76

TABLE 24           CONTINUOUS: BASALT FIBER MARKET, BY REGION, 2018–2022 (USD THOUSAND)        76

TABLE 25           CONTINUOUS: BASALT FIBER MARKET, BY REGION, 2023–2028 (TON)  77

TABLE 26           CONTINUOUS: BASALT FIBER MARKET, BY REGION, 2023–2028 (USD THOUSAND)        77

6.3         DISCRETE BASALT FIBER           77

6.3.1      GROWTH OF CONSTRUCTION AND TRANSPORTATION SECTORS TO FUEL MARKET  77

6.3.2      DISCRETE: BASALT FIBER MARKET, BY REGION 78

TABLE 27           DISCRETE: BASALT FIBER MARKET, BY REGION, 2018–2022 (TON)  78

TABLE 28           DISCRETE: BASALT FIBER MARKET, BY REGION, 2018–2022 (USD THOUSAND)        78

TABLE 29           DISCRETE: BASALT FIBER MARKET, BY REGION, 2023–2028 (TON)  78

TABLE 30           DISCRETE: BASALT FIBER MARKET, BY REGION, 2023–2028 (USD THOUSAND)        79

7            BASALT FIBER MARKET, BY USAGE TYPE           80

7.1         INTRODUCTION            81

TABLE 31           CHEMICAL COMPOSITION OF GLASS AND BASALT FIBERS              81

TABLE 32           TENSILE STRENGTH OF FIBERS 82

TABLE 33           BASALT FIBER STIFFNESS PROPERTIES 82

FIGURE 31         BASALT FIBER COMPOSITES TO GROW AT FASTER RATE DURING FORECAST PERIOD     82

TABLE 34           BASALT FIBER MARKET, BY USAGE TYPE, 2018–2022 (TON)              83

TABLE 35           BASALT FIBER MARKET, BY USAGE TYPE, 2018–2022 (USD THOUSAND)     83

TABLE 36           BASALT FIBER MARKET, BY USAGE TYPE, 2023–2028 (TON)              83

TABLE 37           BASALT FIBER MARKET, BY USAGE TYPE, 2023–2028 (USD THOUSAND)     83

7.2         COMPOSITE BASALT FIBER       84

7.2.1      ENHANCED SAFETY AND SUSTAINABILITY TO DRIVE MARKET 84

7.2.2      COMPOSITES: BASALT FIBER MARKET, BY REGION        84

TABLE 38           COMPOSITES: BASALT FIBER MARKET, BY REGION, 2018–2022 (TON)  84

TABLE 39           COMPOSITES: BASALT FIBER MARKET, BY REGION, 2018–2022 (USD THOUSAND)        84

TABLE 40           COMPOSITES: BASALT FIBER MARKET, BY REGION, 2023–2028 (TON)  85

TABLE 41           COMPOSITES: BASALT FIBER MARKET, BY REGION, 2023–2028 (USD THOUSAND)        85

7.3         NON-COMPOSITE BASALT FIBER           85

7.3.1      WIDE USE IN INSULATION SLEEVES AND CONCRETE REINFORCEMENTS TO FUEL MARKET  85

TABLE 42           COMPARATIVE CHARACTERISTICS OF FIBERS  86

7.3.2      NON-COMPOSITES: BASALT FIBER MARKET, BY REGION            86

TABLE 43           NON-COMPOSITES: BASALT FIBER MARKET, BY REGION, 2018–2022 (TON)        86

TABLE 44           NON-COMPOSITES: BASALT FIBER MARKET, BY REGION, 2018–2022 (USD THOUSAND) 86

TABLE 45           NON-COMPOSITES: BASALT FIBER MARKET, BY REGION, 2023–2028 (TON)        87

TABLE 46           NON-COMPOSITES: BASALT FIBER MARKET, BY REGION, 2023–2028 (USD THOUSAND) 87

8            BASALT FIBER MARKET, BY END-USE INDUSTRY            88

8.1         INTRODUCTION            89

FIGURE 32         CONSTRUCTION & INFRASTRUCTURE SEGMENT ACCOUNTED FOR LARGEST SHARE DURING FORECAST PERIOD           89

TABLE 47           BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)  90

TABLE 48           BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)        90

TABLE 49           BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)  90

TABLE 50           BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)        91

8.2         CONSTRUCTION & INFRASTRUCTURE  91

8.2.1      ZERO ELECTRICAL AND MAGNETIC CONDUCTION TO DRIVE MARKET              91

8.2.2      CONSTRUCTION & INFRASTRUCTURE: BASALT FIBER MARKET, BY REGION             92

TABLE 51          CONSTRUCTION & INFRASTRUCTURE: BASALT FIBER MARKET, BY REGION, 2018–2022 (TON)    92

TABLE 52          CONSTRUCTION & INFRASTRUCTURE: BASALT FIBER MARKET, BY REGION, 2018–2022 (USD THOUSAND)           92

TABLE 53          CONSTRUCTION & INFRASTRUCTURE: BASALT FIBER MARKET, BY REGION, 2023–2028 (TON)    93

TABLE 54          CONSTRUCTION & INFRASTRUCTURE: BASALT FIBER MARKET, BY REGION, 2023–2028 (USD THOUSAND)           93

8.3         AUTOMOTIVE & TRANSPORTATION     93

8.3.1      COST REDUCTION OF MOLDING COMPOUNDS AND VEHICLES TO DRIVE MARKET 93

8.3.2      AUTOMOTIVE & TRANSPORTATION: BASALT FIBER MARKET, BY REGION             94

TABLE 55           AUTOMOTIVE & TRANSPORTATION: BASALT FIBER MARKET, BY REGION, 2018–2022 (TON)    94

TABLE 56           AUTOMOTIVE & TRANSPORTATION: BASALT FIBER MARKET, BY REGION, 2018–2022 (USD THOUSAND)           94

TABLE 57           AUTOMOTIVE & TRANSPORTATION: BASALT FIBER MARKET, BY REGION, 2023–2028 (TON)    95

TABLE 58           AUTOMOTIVE & TRANSPORTATION: BASALT FIBER MARKET, BY REGION, 2023–2028 (USD THOUSAND)           95

8.4         ELECTRICAL & ELECTRONICS  96

8.4.1      GOOD INSULATION PROPERTIES TO FUEL DEMAND FOR BASALT FIBERS IN ELECTRONICS           96

8.4.2      ELECTRICAL & ELECTRONICS: BASALT FIBER MARKET, BY REGION              96

TABLE 59           ELECTRICAL & ELECTRONICS: BASALT FIBER MARKET, BY REGION, 2018–2022 (TON)          96

TABLE 60           ELECTRICAL & ELECTRONICS: BASALT FIBER MARKET, BY REGION, 2018–2022 (USD THOUSAND)  96

TABLE 61           ELECTRICAL & ELECTRONICS: BASALT FIBER MARKET, BY REGION, 2023–2028 (TON)          97

TABLE 62           ELECTRICAL & ELECTRONICS: BASALT FIBER MARKET, BY REGION, 2023–2028 (USD THOUSAND)  97

8.5         WIND ENERGY 97

8.5.1      HIGH DEMAND FOR BASALT ROVING IN WIND TURBINES TO BOOST MARKET            97

8.5.2      WIND ENERGY: BASALT FIBER MARKET, BY REGION      98

TABLE 63           WIND ENERGY: BASALT FIBER MARKET, BY REGION, 2018–2022 (TON)  98

TABLE 64           WIND ENERGY: BASALT FIBER MARKET, BY REGION, 2018–2022 (USD THOUSAND)        98

TABLE 65           WIND ENERGY: BASALT FIBER MARKET, BY REGION, 2023–2028 (TON)  98

TABLE 66           WIND ENERGY: BASALT FIBER MARKET, BY REGION, 2023–2028 (USD THOUSAND)        99

8.6         MARINE             99

8.6.1      CONSTRUCTION OF MARINE DECKS AND PONTOONS TO FUEL DEMAND FOR BASALT PRODUCTS        99

8.6.2      MARINE: BASALT FIBER MARKET, BY REGION   99

TABLE 67           MARINE: BASALT FIBER MARKET, BY REGION, 2018–2022 (TON)              99

TABLE 68           MARINE: BASALT FIBER MARKET, BY REGION, 2018–2022 (USD THOUSAND)     100

TABLE 69           MARINE: BASALT FIBER MARKET, BY REGION, 2023–2028 (TON)              100

TABLE 70           MARINE: BASALT FIBER MARKET, BY REGION, 2023–2028 (USD THOUSAND)     100

8.7         OTHER END-USE INDUSTRIES  101

8.7.1      OTHER END-USE INDUSTRIES: BASALT FIBER MARKET, BY REGION              101

TABLE 71           OTHER END-USE INDUSTRIES: BASALT FIBER MARKET, BY REGION, 2018–2022 (TON)          101

TABLE 72           OTHER END-USE INDUSTRIES: BASALT FIBER MARKET, BY REGION, 2018–2022 (USD THOUSAND)  101

TABLE 73           OTHER END-USE INDUSTRIES: BASALT FIBER MARKET, BY REGION, 2023–2028 (TON)          102

TABLE 74           OTHER END-USE INDUSTRIES: BASALT FIBER MARKET, BY REGION, 2023–2028 (USD THOUSAND)  102

9            BASALT FIBER MARKET, BY REGION      103

9.1         INTRODUCTION            104

FIGURE 33         CHINA TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD       104

TABLE 75           BASALT FIBER MARKET, BY REGION, 2018–2022 (TON)  105

TABLE 76           BASALT FIBER MARKET, BY REGION, 2018–2022 (USD THOUSAND)     105

TABLE 77           BASALT FIBER MARKET, BY REGION, 2023–2028 (TON)  105

TABLE 78           BASALT FIBER MARKET, BY REGION, 2023–2028 (USD THOUSAND)     106

9.2         NORTH AMERICA          106

9.2.1      RECESSION IMPACT ON NORTH AMERICA         106

FIGURE 34         NORTH AMERICA: BASALT FIBER MARKET SNAPSHOT 107

9.2.2      NORTH AMERICA: BASALT FIBER MARKET, BY FORM    108

TABLE 79           NORTH AMERICA: BASALT FIBER MARKET, BY FORM, 2018–2022 (TON)        108

TABLE 80           NORTH AMERICA: BASALT FIBER MARKET, BY FORM, 2018–2022 (USD THOUSAND) 108

TABLE 81           NORTH AMERICA: BASALT FIBER MARKET, BY FORM, 2023–2028 (TON)        108

TABLE 82           NORTH AMERICA: BASALT FIBER MARKET, BY FORM, 2023–2028 (USD THOUSAND) 108

9.2.3      NORTH AMERICA: BASALT FIBER MARKET, BY USAGE TYPE      109

TABLE 83           NORTH AMERICA: BASALT FIBER MARKET, BY USAGE TYPE, 2018–2022 (TON)            109

TABLE 84           NORTH AMERICA: BASALT FIBER MARKET, BY USAGE TYPE, 2018–2022 (USD THOUSAND)     109

TABLE 85           NORTH AMERICA: BASALT FIBER MARKET, BY USAGE TYPE, 2023–2028 (TON)            109

TABLE 86           NORTH AMERICA: BASALT FIBER MARKET, BY USAGE TYPE, 2023–2028 (USD THOUSAND)     109

9.2.4      NORTH AMERICA: BASALT FIBER MARKET, BY END-USE INDUSTRY              110

TABLE 87           NORTH AMERICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)     110

TABLE 88           NORTH AMERICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)            110

TABLE 89           NORTH AMERICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)     111

TABLE 90           NORTH AMERICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)            111

9.2.5      NORTH AMERICA: BASALT FIBER MARKET, BY COUNTRY           111

TABLE 91           NORTH AMERICA: BASALT FIBER MARKET, BY COUNTRY, 2018–2022 (TON)            111

TABLE 92           NORTH AMERICA: BASALT FIBER MARKET, BY COUNTRY, 2018–2022 (USD THOUSAND)     112

TABLE 93           NORTH AMERICA: BASALT FIBER MARKET, BY COUNTRY, 2023–2028 (TON)            112

TABLE 94           NORTH AMERICA: BASALT FIBER MARKET BY COUNTRY, 2023–2028 (USD THOUSAND) 112

9.2.5.1   US         113

9.2.5.1.1 Increase in production capacity of basalt fibers to drive market  113

TABLE 95           US: NEW WIND ENERGY INSTALLATIONS, 2010–2021 (MW)              113

9.2.5.1.2 US: Basalt fiber market, by end-use industry  114

TABLE 96           US: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)  114

TABLE 97           US: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)        114

TABLE 98           US: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)  114

TABLE 99           US: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)        115

9.2.5.2   Canada  115

9.2.5.2.1 Well-established aerospace sector to drive market        115

9.2.5.2.2 Canada: Basalt fiber market, by end-use industry         116

TABLE 100         CANADA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)            116

TABLE 101         CANADA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)     116

TABLE 102         CANADA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)            116

TABLE 103         CANADA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)     117

9.3         EUROPE             117

9.3.1      RECESSION IMPACT ON EUROPE           117

FIGURE 35         EUROPE: BASALT FIBER MARKET SNAPSHOT    118

9.3.2      EUROPE: BASALT FIBER MARKET, BY FORM       118

TABLE 104         EUROPE: BASALT FIBER MARKET, BY FORM, 2018–2022 (TON)              118

TABLE 105         EUROPE: BASALT FIBER MARKET, BY FORM, 2018–2022 (USD THOUSAND)     119

TABLE 106         EUROPE: BASALT FIBER MARKET, BY FORM, 2023–2028 (TON)              119

TABLE 107         EUROPE: BASALT FIBER MARKET, BY FORM, 2023–2028 (USD THOUSAND)     119

9.3.3      EUROPE: BASALT FIBER MARKET, BY USAGE TYPE        119

TABLE 108         EUROPE: BASALT FIBER MARKET, BY USAGE TYPE, 2018–2022 (TON)  119

TABLE 109         EUROPE: BASALT FIBER MARKET, BY USAGE TYPE, 2018–2022 (USD THOUSAND)        120

TABLE 110         EUROPE: BASALT FIBER MARKET, BY USAGE TYPE, 2023–2028 (TON)  120

TABLE 111         EUROPE: BASALT FIBER MARKET, BY USAGE TYPE, 2023–2028 (USD THOUSAND)        120

9.3.4      EUROPE: BASALT FIBER MARKET, BY END-USE INDUSTRY         121

TABLE 112         EUROPE: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)            121

TABLE 113         EUROPE: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)     121

TABLE 114         EUROPE: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)            121

TABLE 115         EUROPE: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)     122

9.3.5      EUROPE: BASALT FIBER MARKET, BY COUNTRY             122

TABLE 116         EUROPE: BASALT FIBER MARKET, BY COUNTRY, 2018–2022 (TON)  122

TABLE 117         EUROPE: BASALT FIBER MARKET, BY COUNTRY, 2018–2022 (USD THOUSAND)        123

TABLE 118         EUROPE: BASALT FIBER MARKET, BY COUNTRY, 2023–2028 (TON)  123

TABLE 119         EUROPE: BASALT FIBER MARKET, BY COUNTRY, 2023–2028 (USD THOUSAND)        123

9.3.5.1   Russia    124

9.3.5.1.1 Presence of established manufacturing companies to fuel market             124

9.3.5.1.2 Russia: Basalt fiber market, by end-use industry           124

TABLE 120         RUSSIA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)        124

TABLE 121         RUSSIA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND) 124

TABLE 122         RUSSIA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)        125

TABLE 123         RUSSIA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND) 125

9.3.5.2   Ukraine 125

9.3.5.2.1 Abundant reserves of basalt rocks to drive market        125

9.3.5.2.2 Ukraine: Basalt fiber market, by end-use industry        126

TABLE 124         UKRAINE: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)            126

TABLE 125         UKRAINE: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)     126

TABLE 126         UKRAINE: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)            126

TABLE 127         UKRAINE: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)     127

9.3.5.3   UK         127

9.3.5.3.1 Increasing need for fuel efficiency in vehicles to drive market    127

9.3.5.3.2 UK: Basalt fiber market, by end-use industry 127

TABLE 128         UK: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)  127

TABLE 129         UK: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)        128

TABLE 130         UK: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)  128

TABLE 131         UK: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)        128

9.3.5.4   Germany             129

9.3.5.4.1 Presence of renowned automotive brands to boost market         129

TABLE 132         GERMANY: NEW WIND ENERGY INSTALLATIONS, 2010–2020 (MW)    129

9.3.5.4.2 Germany: Basalt fiber market, by end-use industry      130

TABLE 133         GERMANY: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)            130

TABLE 134         GERMANY: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)     130

TABLE 135         GERMANY: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)            130

TABLE 136         GERMANY: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)     131

9.3.5.5   Ireland   131

9.3.5.5.1 High demand from wind energy sector to fuel market  131

9.3.5.5.2 Ireland: Basalt fiber market, by end-use industry          131

TABLE 137         IRELAND: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)            131

TABLE 138         IRELAND: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)     132

TABLE 139         IRELAND: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)            132

TABLE 140         IRELAND: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)     132

9.3.5.6   Belgium 133

9.3.5.6.1 Growth of automotive & transportation industry to drive market              133

9.3.5.6.2 Belgium: Basalt fiber market, by end-use industry        133

TABLE 141         BELGIUM: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)            133

TABLE 142         BELGIUM: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)     133

TABLE 143         BELGIUM: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)            134

TABLE 144         BELGIUM: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)     134

9.3.5.7   Rest of Europe     134

9.3.5.7.1 Rest of Europe: Basalt fiber market, by end-use industry            135

TABLE 145         REST OF EUROPE: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)     135

TABLE 146         REST OF EUROPE: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)            135

TABLE 147         REST OF EUROPE: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)     135

TABLE 148         REST OF EUROPE: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)            136

9.4         ASIA PACIFIC    136

9.4.1      RECESSION IMPACT ON ASIA PACIFIC   137

FIGURE 36         ASIA PACIFIC: BASALT FIBER MARKET SNAPSHOT         137

9.4.2      ASIA PACIFIC: BASALT FIBER MARKET, BY FORM            138

TABLE 149         ASIA PACIFIC: BASALT FIBER MARKET, BY FORM, 2018–2022 (TON)  138

TABLE 150         ASIA PACIFIC: BASALT FIBER MARKET, BY FORM, 2018–2022 (USD THOUSAND)        138

TABLE 151         ASIA PACIFIC: BASALT FIBER MARKET, BY FORM, 2023–2028 (TON)  138

TABLE 152         ASIA PACIFIC: BASALT FIBER MARKET, BY FORM, 2023–2028 (USD THOUSAND)        138

9.4.3      ASIA PACIFIC: BASALT FIBER MARKET, BY USAGE TYPE 139

TABLE 153         ASIA PACIFIC: BASALT FIBER MARKET, BY USAGE TYPE, 2018–2022 (TON)        139

TABLE 154         ASIA PACIFIC: BASALT FIBER MARKET, BY USAGE TYPE, 2018–2022 (USD THOUSAND) 139

TABLE 155         ASIA PACIFIC: BASALT FIBER MARKET, BY USAGE TYPE, 2023–2028 (TON)        139

TABLE 156         ASIA PACIFIC: BASALT FIBER MARKET, BY USAGE TYPE, 2023–2028 (USD THOUSAND) 139

9.4.4      ASIA PACIFIC: BASALT FIBER MARKET, BY END-USE INDUSTRY 140

TABLE 157         ASIA PACIFIC: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)            140

TABLE 158         ASIA PACIFIC: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)     140

TABLE 159         ASIA PACIFIC: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)            140

TABLE 160         ASIA PACIFIC: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)     141

9.4.5      ASIA PACIFIC: BASALT FIBER MARKET, BY COUNTRY    141

TABLE 161         ASIA PACIFIC: BASALT FIBER MARKET, BY COUNTRY, 2018–2022 (TON)  141

TABLE 162         ASIA PACIFIC: BASALT FIBER MARKET, BY COUNTRY, 2018–2022 (USD THOUSAND)        142

TABLE 163         ASIA PACIFIC: BASALT FIBER MARKET, BY COUNTRY, 2023–2028 (TON)  142

TABLE 164         ASIA PACIFIC: BASALT FIBER MARKET, BY COUNTRY, 2023–2028 (USD THOUSAND)        142

9.4.5.1   China     143

9.4.5.1.1 High number of wind energy installations to drive market          143

TABLE 165         CHINA: NEW WIND ENERGY INSTALLATIONS, 2010–2020 (MW)              143

9.4.5.1.2 China: Basalt fiber market, by end-use industry           144

TABLE 166         CHINA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)        144

TABLE 167         CHINA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND) 144

TABLE 168         CHINA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)        145

TABLE 169         CHINA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND) 145

9.4.5.2   India      145

9.4.5.2.1 Government investments in infrastructure industry to boost market        145

9.4.5.2.2 India: Basalt fiber market, by end-use industry             146

TABLE 170         INDIA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)        146

TABLE 171         INDIA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND) 146

TABLE 172         INDIA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)        146

TABLE 173         INDIA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND) 147

9.4.5.3   Japan     147

9.4.5.3.1 Growth of automotive sector to fuel market   147

9.4.5.3.2 Japan: Basalt fiber market, by end-use industry            147

TABLE 174         JAPAN: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)        147

TABLE 175         JAPAN: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND) 148

TABLE 176         JAPAN: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)        148

TABLE 177         JAPAN: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND) 148

9.4.5.4   South Korea        149

9.4.5.4.1 Industrial growth and technological advancements to drive market          149

9.4.5.4.2 South Korea: Basalt fiber market, by end-use industry 149

TABLE 178         SOUTH KOREA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)     149

TABLE 179         SOUTH KOREA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)            149

TABLE 180         SOUTH KOREA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)     150

TABLE 181         SOUTH KOREA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)            150

9.4.5.5   Australia & New Zealand   150

9.4.5.5.1 Rapid developments in transportation sector to boost market     150

9.4.5.5.2 Australia & New Zealand: Basalt fiber market, by end-use industry          151

TABLE 182         AUSTRALIA & NEW ZEALAND: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)  151

TABLE 183         AUSTRALIA & NEW ZEALAND: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)        151

TABLE 184         AUSTRALIA & NEW ZEALAND: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)  152

TABLE 185         AUSTRALIA & NEW ZEALAND: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)        152

9.4.5.6   Rest of Asia Pacific            152

9.4.5.6.1 Rest of Asia Pacific: Basalt fiber market, by end-use industry     153

TABLE 186         REST OF ASIA PACIFIC: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)     153

TABLE 187         REST OF ASIA PACIFIC: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)            153

TABLE 188         REST OF ASIA PACIFIC: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)     154

TABLE 189         REST OF ASIA PACIFIC: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)            154

9.5         MIDDLE EAST & AFRICA             154

9.5.1      RECESSION IMPACT ON MIDDLE EAST & AFRICA           155

9.5.2      MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY FORM       155

TABLE 190         MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY FORM, 2018–2022 (TON)            155

TABLE 191         MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY FORM, 2018–2022 (USD THOUSAND)     155

TABLE 192         MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY FORM, 2023–2028 (TON)            155

TABLE 193         MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY FORM, 2023–2028 (USD THOUSAND)     156

9.5.3      MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY USAGE TYPE              156

TABLE 194         MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY USAGE TYPE, 2018–2022 (TON) 156

TABLE 195         MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY USAGE TYPE, 2018–2022 (USD THOUSAND)       156

TABLE 196         MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY USAGE TYPE, 2023–2028 (TON) 156

TABLE 197         MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY USAGE TYPE, 2023–2028 (USD THOUSAND)       157

9.5.4      MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY END-USE INDUSTRY         157

TABLE 198         MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)     157

TABLE 199         MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)            158

TABLE 200         MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)     158

TABLE 201         MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)            158

9.5.5      MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY COUNTRY              159

TABLE 202         MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY COUNTRY, 2018–2022 (TON)      159

TABLE 203         MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY COUNTRY, 2018–2022 (USD THOUSAND)            159

TABLE 204         MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY COUNTRY, 2023–2028 (TON)      159

TABLE 205         MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY COUNTRY, 2023–2028 (USD THOUSAND)            160

9.5.5.1   Saudi Arabia        160

9.5.5.1.1 Vision 2030 to drive market             160

9.5.5.1.2 Saudi Arabia: Basalt fiber market, by end-use industry 160

TABLE 206         SAUDI ARABIA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)     160

TABLE 207         SAUDI ARABIA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)            161

TABLE 208         SAUDI ARABIA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)     161

TABLE 209         SAUDI ARABIA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)            161

9.5.5.2   South Africa        162

9.5.5.2.1 Growth of construction & infrastructure industry to fuel market 162

9.5.5.2.2 South Africa: Basalt fiber market, by end-use industry 162

TABLE 210         SOUTH AFRICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)     162

TABLE 211         SOUTH AFRICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)            162

TABLE 212         SOUTH AFRICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)     163

TABLE 213         SOUTH AFRICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)            163

9.5.5.3   UAE      163

9.5.5.3.1 Upcoming strategic events to boost market    163

9.5.5.3.2 UAE: Basalt fiber market, by end-use industry             164

TABLE 214         UAE: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)        164

TABLE 215         UAE: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND) 164

TABLE 216         UAE: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)        164

TABLE 217         UAE: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND) 165

9.5.5.4   Rest of Middle East & Africa            165

9.5.5.4.1 Rest of Middle East & Africa: Basalt fiber market, by end-use industry     165

TABLE 218         REST OF MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)  165

TABLE 219         REST OF MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)        166

TABLE 220         REST OF MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)  166

TABLE 221         REST OF MIDDLE EAST & AFRICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)        166

9.6         LATIN AMERICA             167

9.6.1      RECESSION IMPACT ON LATIN AMERICA           167

9.6.2      LATIN AMERICA: BASALT FIBER MARKET, BY FORM       167

TABLE 222         LATIN AMERICA: BASALT FIBER MARKET, BY FORM, 2018–2022 (TON)  167

TABLE 223         LATIN AMERICA: BASALT FIBER MARKET, BY FORM, 2018–2022 (USD THOUSAND)        167

TABLE 224         LATIN AMERICA: BASALT FIBER MARKET, BY FORM, 2023–2028 (TON)  167

TABLE 225         LATIN AMERICA: BASALT FIBER MARKET, BY FORM, 2023–2028 (USD THOUSAND)        168

9.6.3      LATIN AMERICA: BASALT FIBER MARKET, BY USAGE TYPE        168

TABLE 226         LATIN AMERICA: BASALT FIBER MARKET, BY USAGE TYPE, 2018–2022 (TON)            168

TABLE 227         LATIN AMERICA: BASALT FIBER MARKET, BY USAGE TYPE, 2018–2022 (USD THOUSAND)     168

TABLE 228         LATIN AMERICA: BASALT FIBER MARKET, BY USAGE TYPE, 2023–2028 (TON)            168

TABLE 229         LATIN AMERICA: BASALT FIBER MARKET, BY USAGE TYPE, 2023–2028 (USD THOUSAND)     169

9.6.4      LATIN AMERICA: BASALT FIBER MARKET, BY END-USE INDUSTRY              169

TABLE 230         LATIN AMERICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)     169

TABLE 231         LATIN AMERICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)            169

TABLE 232         LATIN AMERICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)     170

TABLE 233         LATIN AMERICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)            170

9.6.5      LATIN AMERICA: BASALT FIBER MARKET, BY COUNTRY             170

TABLE 234         LATIN AMERICA: BASALT FIBER MARKET, BY COUNTRY, 2018–2022 (TON)        170

TABLE 235         LATIN AMERICA: BASALT FIBER MARKET, BY COUNTRY, 2018–2022 (USD THOUSAND) 171

TABLE 236         LATIN AMERICA: BASALT FIBER MARKET, BY COUNTRY, 2023–2028 (TON)        171

TABLE 237         LATIN AMERICA: BASALT FIBER MARKET, BY COUNTRY, 2023–2028 (USD THOUSAND) 171

9.6.5.1   Brazil     171

9.6.5.1.1 Transition toward renewable wind energy to drive market         171

9.6.5.1.2 Brazil: Basalt fiber market, by end-use industry            172

TABLE 238         BRAZIL: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)        172

TABLE 239         BRAZIL: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND) 172

TABLE 240         BRAZIL: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)        172

TABLE 241         BRAZIL: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND) 173

9.6.5.2   Mexico  173

9.6.5.2.1 Expansion of wind energy sector to boost market         173

9.6.5.2.2 Mexico: Basalt fiber market, by end-use industry         173

TABLE 242         MEXICO: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)            173

TABLE 243         MEXICO: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)     174

TABLE 244         MEXICO: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)            174

TABLE 245         MEXICO: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)     174

9.6.5.3   Rest of Latin America        175

9.6.5.3.1 Rest of Latin America: Basalt fiber market, by end-use industry 175

TABLE 246         REST OF LATIN AMERICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (TON)           175

TABLE 247         REST OF LATIN AMERICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2018–2022 (USD THOUSAND)    175

TABLE 248         REST OF LATIN AMERICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (TON)           176

TABLE 249         REST OF LATIN AMERICA: BASALT FIBER MARKET, BY END-USE INDUSTRY, 2023–2028 (USD THOUSAND)    176

10          COMPETITIVE LANDSCAPE       177

10.1       INTRODUCTION            177

10.2       KEY PLAYERS’ STRATEGIES/RIGHT TO WIN       177

TABLE 250         STRATEGIES ADOPTED BY BASALT FIBER MANUFACTURERS              177

10.3       REVENUE ANALYSIS OF TOP MARKET PLAYERS 179

FIGURE 37         REVENUE ANALYSIS      179

10.4       MARKET SHARE ANALYSIS         179

FIGURE 38         SHARES OF TOP COMPANIES IN BASALT FIBER MARKET              180

TABLE 251         DEGREE OF COMPETITION: BASALT FIBER MARKET     180

10.5       COMPANY EVALUATION MATRIX          181

10.5.1    STARS  181

10.5.2    PERVASIVE PLAYERS     181

10.5.3    EMERGING LEADERS    181

10.5.4    PARTICIPANTS 181

FIGURE 39         BASALT FIBER MARKET: COMPANY EVALUATION MATRIX, 2022      182

10.5.5    COMPANY FOOTPRINT 182

TABLE 252         COMPANY PRODUCT FOOTPRINT         182

TABLE 253         COMPANY END-USE INDUSTRY FOOTPRINT     183

TABLE 254         COMPANY REGION FOOTPRINT             184

10.6       START-UP/SME EVALUATION MATRIX 184

10.6.1    PROGRESSIVE COMPANIES       184

10.6.2    RESPONSIVE COMPANIES          185

10.6.3    DYNAMIC COMPANIES 185

10.6.4    STARTING BLOCKS       185

FIGURE 40         BASALT FIBER MARKET: SMALL AND MEDIUM-SIZED ENTERPRISES MAPPING, 2022   186

10.6.5    COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES        187

TABLE 255         BASALT FIBER MARKET: KEY START-UPS/SMES 187

TABLE 256         BASALT FIBER MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES  188

10.7       COMPETITIVE SCENARIO AND TRENDS             188

TABLE 257         BASALT FIBER MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2018–2023             189

TABLE 258         BASALT FIBER MARKET: DEALS, 2018–2023         189

11          COMPANY PROFILES    190

11.1       KEY COMPANIES            190

(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*

11.1.1    KAMENNY VEK 190

TABLE 259         KAMENNY VEK: COMPANY OVERVIEW 190

TABLE 260         KAMENNY VEK: PRODUCTS/SOLUTIONS/SERVICES OFFERED              190

TABLE 261         KAMENNY VEK: PRODUCT LAUNCHES 191

11.1.2    ZHEJIANG SHIJIN BASALT FIBER CO., LTD. (GBF)            192

TABLE 262         ZHEJIANG SHIJIN BASALT FIBER CO., LTD. (GBF): COMPANY OVERVIEW        192

TABLE 263         ZHEJIANG SHIJIN BASALT FIBER CO., LTD. (GBF): PRODUCTS/SOLUTIONS/SERVICES OFFERED   192

TABLE 264         ZHEJIANG SHIJIN BASALT FIBER CO., LTD. (GBF): PRODUCT LAUNCHES       193

TABLE 265         ZHEJIANG SHIJIN BASALT FIBER CO., LTD. (GBF): DEALS              195

11.1.3    MAFIC  196

TABLE 266         MAFIC: COMPANY OVERVIEW  196

TABLE 267         MAFIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED   196

11.1.4    TECHNOBASALT INVEST           198

TABLE 268         TECHNOBASALT INVEST: COMPANY OVERVIEW            198

TABLE 269         TECHNOBASALT INVEST: PRODUCTS/SOLUTIONS/SERVICES OFFERED          198

11.1.5    ISOMATEX        200

TABLE 270         ISOMATEX: COMPANY OVERVIEW         200

TABLE 271         ISOMATEX: PRODUCTS/SOLUTIONS/SERVICES OFFERED              200

11.1.6    INCOTELOGY GMBH    202

TABLE 272         INCOTELOGY GMBH: COMPANY OVERVIEW     202

TABLE 273         INCOTELOGY GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED          202

11.1.7    SUDAGLASS FIBER TECHNOLOGY         204

TABLE 274         SUDAGLASS FIBER TECHNOLOGY: COMPANY OVERVIEW              204

TABLE 275         SUDAGLASS FIBER TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED   204

11.1.8    BASALT FIBER TECH     206

TABLE 276         BASALT FIBER TECH: COMPANY OVERVIEW      206

TABLE 277         BASALT FIBER TECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED          206

11.1.9    BASALTEX         208

TABLE 278         BASALTEX: COMPANY OVERVIEW         208

TABLE 279         BASALTEX: PRODUCTS/SOLUTIONS/SERVICES OFFERED              208

11.1.10  JIANGSU TIANLONG CONTINUOUS BASALT FIBER CO., LTD.     210

TABLE 280         JIANGSU TIANLONG CONTINUOUS BASALT FIBER CO., LTD.: COMPANY OVERVIEW  210

TABLE 281         JIANGSU TIANLONG CONTINUOUS BASALT FIBER CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   210

11.1.11  ARMBAS             212

TABLE 282         ARMBAS: COMPANY OVERVIEW             212

TABLE 283         ARMBAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 212

11.1.12  DEUTSCHE BASALT FASER GMBH          214

TABLE 284         DEUTSCHE BASALT FASER GMBH: COMPANY OVERVIEW              214

TABLE 285         DEUTSCHE BASALT FASER GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED   214

11.1.13  BASALT ENGINEERING, LLC      216

TABLE 286         BASALT ENGINEERING, LLC: COMPANY OVERVIEW      216

TABLE 287         BASALT ENGINEERING, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED   216

11.1.14  FINAL ADVANCED MATERIALS 218

TABLE 288         FINAL ADVANCED MATERIALS: COMPANY OVERVIEW  218

TABLE 289         FINAL ADVANCED MATERIALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED   218

11.2       OTHER PLAYERS           220

11.2.1    BASTECH          220

TABLE 290         BASTECH: COMPANY OVERVIEW           220

11.2.2    SICHUAN AEROSPACE TUOXIN BASALT INDUSTRIAL CO., LTD. 221

TABLE 291         SICHUAN AEROSPACE TUOXIN BASALT INDUSTRIAL CO., LTD.: COMPANY OVERVIEW      221

11.2.3    ASA.TEC GMBH 221

TABLE 292         ASA.TEC GMBH: COMPANY OVERVIEW 221

11.2.4    FIBERBAS CONSTRUCTION AND BUILDING TECHNOLOGIES    222

TABLE 293         FIBERBAS CONSTRUCTION AND BUILDING TECHNOLOGIES: COMPANY OVERVIEW  222

11.2.5    SICHUAN JUMEISHENG NEW MATERIAL TECHNOLOGY CO., LTD.              222

TABLE 294         SICHUAN JUMEISHENG NEW MATERIAL TECHNOLOGY CO., LTD.: COMPANY OVERVIEW      222

11.2.6    ZHENGZHOU AURON BASALT FIBER CO., LTD. 223

TABLE 295         ZHENGZHOU AURON BASALT FIBER CO., LTD.: COMPANY OVERVIEW        223

11.2.7    NINGBO KAXITE SEALING MATERIALS CO., LTD.            224

TABLE 296         NINGBO KAXITE SEALING MATERIALS CO., LTD.: COMPANY OVERVIEW        224

11.2.8    ARMOFIB LTD  224

TABLE 297         ARMOFIB LTD: COMPANY OVERVIEW   224

11.2.9    JILIN TONGXIN BASALT TECHNOLOGY CO., LTD.          225

TABLE 298         JILIN TONGXIN BASALT TECHNOLOGY CO., LTD.: COMPANY OVERVIEW        225

11.2.10  NANYANG INVECH GROUP        225

TABLE 299         NANYANG INVECH GROUP: COMPANY OVERVIEW        225

*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.

12          APPENDIX         226

12.1       DISCUSSION GUIDE      226

12.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             229

12.3       CUSTOMIZATION OPTIONS      231

12.4       RELATED REPORTS       231

12.5       AUTHOR DETAILS         232