Basalt Fiber Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Basalt Fiber Manufacturers & Market Size and it is Segmented by Type (Continuous and Discrete), End-user Industry (Building & Construction, Automotive, Marine, Energy Industry, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The market size and forecasts for Basalt Fiber market are provided in terms of revenue value (USD Million) for all the above segments.

Basalt Fiber Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Basalt Fiber Market Size

Basalt Fiber Market Summary
Study Period 2019 - 2030
Market Volume (2025) 62.42 kilotons
Market Volume (2030) 105.80 kilotons
CAGR 11.13 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Basalt Fiber Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Basalt Fiber Market with other markets in Chemicals & Materials Industry

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Basalt Fiber Market Analysis

The Basalt Fiber Market size is estimated at 62.42 kilotons in 2025, and is expected to reach 105.80 kilotons by 2030, at a CAGR of 11.13% during the forecast period (2025-2030).

The COVID-19 epidemic harmed the basalt fiber sector. Global lockdowns and severe rules enforced by governments resulted in a catastrophic setback as most production hubs were shut down. Nonetheless, the businesses were recovering since 2021 and are expected to rise significantly in the coming years.

  • Over the short term, increasing demand from the automotive industry and spending on home remodeling and retrofitting activities are factors driving the studied market's growth.
  • On the flip side, the easy availability of existing substitute products and fluctuations in raw material prices are expected to hinder the studied market's growth.
  • However, increasing adoption of environmentally friendly materials will likely create opportunities for the market in the coming years.
  • Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Basalt Fiber Industry Overview

The Basalt Fiber Market is partially consolidated in nature. The major players in this market (not in a particular order) include Kamenny Vek, Basaltex, Sudaglass Fiber Technology, MAFIC, and BASTECH, among others.

Basalt Fiber Market Leaders

  1. Basaltex

  2. MAFIC

  3. Kamenny Vek

  4. Sudaglass Fiber Technology

  5. BASTECH

  6. *Disclaimer: Major Players sorted in no particular order
Basalt Fiber Market Concentration
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Basalt Fiber Market News

  • November 2022: Basalt Engineering, LLC has announced the receiving of FDOT facility approval which helped the company to gain the approval for Bastech Basalt FRP products to be utilized in transportation infrastructure projects of major Florida Department. 
  • January 2022: Basaltex, a leading producer of basalt fiber products based in Belgium, launched a new range of fiber fabrics designed for the aerospace and automotive industries. The new fabrics are lightweight, high-strength, and resistant to high temperatures, making them ideal for producing composites for aerospace and automotive applications.

Basalt Fiber Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Demand from Automotive Industry
    • 4.1.2 Increase in Spending on Home Remodeling and Retrofitting Activities
    • 4.1.3 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Easy Availability of Substitute Products
    • 4.2.2 Fluctuations in Raw Material Prices
    • 4.2.3 Other Restraints
  • 4.3 Industry Value-Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Type
    • 5.1.1 Continuous
    • 5.1.2 Discrete
  • 5.2 End-user Industry
    • 5.2.1 Building and Construction
    • 5.2.2 Automotive
    • 5.2.3 Industrial
    • 5.2.4 Marine
    • 5.2.5 Energy Industry
    • 5.2.6 Other (Sports, Chemical Industry, Petroleum Industry)
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share Analysis (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 ARMBAS
    • 6.4.2 Basalt Engineering, LLC
    • 6.4.3 Basaltex
    • 6.4.4 BASTECH
    • 6.4.5 Deutsche Basalt Faser GmbH
    • 6.4.6 Fiberbas construction and building technologies
    • 6.4.7 FINAL ADVANCED MATERIALS
    • 6.4.8 Galen Ltd
    • 6.4.9 INCOTELOGY GmbH
    • 6.4.10 JiLin Tongxin Basalt Technology Co.,Ltd
    • 6.4.11 Kamenny Vek
    • 6.4.12 MAFIC
    • 6.4.13 Sudaglass Fiber Technology
    • 6.4.14 Technobasalt Invest
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing adoption of environmentally friendly materials
  • 7.2 Other Opportunities
**Subject to Availability
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Basalt Fiber Industry Segmentation

Basalt is igneous rock, and basalt fiber is produced using a blast furnace by melting volcanic rocks. It owns superior abrasion and high-temperature resistance and is extensively used as a structural composite. The basalt fiber market is segmented based on type, end-user industry, and geography. By type, the market is segmented into continuous and discrete. By end-user industry, the market is segmented into building and construction, automotive, marine, energy industry, and other end-user industries. The report offers market size and forecasts for 15 countries across major regions. For each segment, market sizing and forecasts are based on revenue (Tons) for all the above segments.

Type Continuous
Discrete
End-user Industry Building and Construction
Automotive
Industrial
Marine
Energy Industry
Other (Sports, Chemical Industry, Petroleum Industry)
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
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Basalt Fiber Market Research FAQs

How big is the Basalt Fiber Market?

The Basalt Fiber Market size is expected to reach 62.42 kilotons in 2025 and grow at a CAGR of 11.13% to reach 105.80 kilotons by 2030.

What is the current Basalt Fiber Market size?

In 2025, the Basalt Fiber Market size is expected to reach 62.42 kilotons.

Who are the key players in Basalt Fiber Market?

Basaltex, MAFIC, Kamenny Vek, Sudaglass Fiber Technology and BASTECH are the major companies operating in the Basalt Fiber Market.

Which is the fastest growing region in Basalt Fiber Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Basalt Fiber Market?

In 2025, the Asia-Pacific accounts for the largest market share in Basalt Fiber Market.

What years does this Basalt Fiber Market cover, and what was the market size in 2024?

In 2024, the Basalt Fiber Market size was estimated at 55.47 kilotons. The report covers the Basalt Fiber Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Basalt Fiber Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Basalt Fiber Industry Report

Statistics for the 2025 Basalt Fiber market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Basalt Fiber analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.