- In April 2021, Kamenny vek started the manufacture of basalt assembled roving 18 micron 4800 tex, basalt direct roving 22 micron 2400 tex and basalt assembled roving 18 micron 3000 tex.
- In July 2020, Mafic USA started the operations of the world's largest basalt fiber factory based in Shelby, North Carolina. This company will be able to deal the demand for receiving from large consumer base.
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
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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.
