Basalt fiber finds foremost application in several industry, as an alternative to the glass and steel rebar. The continuous basalt fiber is the highest growing form due to their excellent mechanical properties such as strong tensile strength which makes them suitable for several applications. The increasing usage of basalt fiber in several applications such as reinforced nets, pipe containers, plastic basalt products and many electrical insulation materials is likely to boost the demand for basalt fiber in the market.
Frequently Asked Questions
The market is segmented based on Segmentation, By Product Type (Roving, Chopped Strands, Fabric, Mesh and Grids), Usage Type (Composites, Non-Composites), Form (Continuous Basalt Fiber, Discrete Basalt Fiber), End-User Industry (Construction & Infrastructure, Automotive & Transportation, Electrical & Electronics, Wind Energy, Marine, Others) – Industry Trends and Forecast to 2032
.
The Global Basalt Fiber Market size was valued at USD 359.26 USD Billion in 2024.
The Global Basalt Fiber Market is projected to grow at a CAGR of 10.9% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
