+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free
Published Date: 2014-04-23Number of Pages: 70

Continuous Basalt Fiber Market For Molded Materials, Transportation, Electronics, Building & Construction and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

Continuous basalt fibers are fibers manufactured by heating and processing basalt rocks. Basalt, a volcanic rock is abundantly available across the globe in earth’s crust and ocean beds and is the only raw material employed in manufacturing of these fibers. Continuous basalt fibers have similar physical characteristics as glass fibers but possess higher tensile strength, durability and are also inert to various acids, salts and alkalis. On account of its superior physical properties and easy renewability, continuous basalt fibers are an effective substitute for glass & carbon fibers, asbestos, nylon, and steel among others. The major applications of continuous basalt fibers include molded materials, transportation, electronics, building & construction and other applications such as sports equipments, aviation, and defense among others.

The demand for continuous basalt fiber is driven mainly on account of its superior physical properties over its traditional substitutes such as glass fiber and steel. However, high technological cost of these fibers has restrained the market growth. With increasing research & development activities, the cost is expected to reduce in the near future thus driving market growth in the near future. Continuous basalt fibers are employed in the production of various components of wind turbines including blades. Thus increasing threat of energy crisis coupled with government policies to promote the use of wind energy is expected to emerge as a major growth opportunity for the industry.

Continuous basalt fiber can be processed to have higher tensile strength than steel and are chemically inert hence doesn’t rust thus increasing durability of structures. In 2012, 37% of the global consumption of continuous basalt fiber was employed for building & construction applications which emerged as the largest application segment for these fibers. Exponentially increasing e-waste is expected to drive the demand for renewable products in electronic applications. On account of which, electronics is expected to be the fastest growing application segment for continuous basalt fibers during the forecast period. Electronic application segment is expected to reach 3,916.1 tons by 2019 at an estimated CAGR of 12.8% from 2013 to 2019. Transportation application segment is expected to grow at a CAGR of 13.0% in terms of revenue from 2013 to 2019. Demand for other niche application segments is mainly driven by innovation and research & development. The market for other application segment was valued at USD 5.4 million in 2012 and is expected to grow at a CAGR of 11.1% between 2013 and 2019.

North America accounted for the largest market share of continuous basalt fibers with around 39% of the global volume consumption in 2012. In North America, the demand for continuous basalt fibers is expected to be mainly driven by the growing demand in the transportation segment. In the Asia Pacific region, the demand is mainly driven by high GDP growth rate leading to growth in various application segments such as construction, electronics and others. In recent times, China has emerged as the leading exporter of continuous basalt fiber with several companies expanding their production capacities to meet the global and domestic demand. Europe was the second largest consumer of continuous basalt fiber. The market is expected to grow at a CAGR of 10.1% mainly owing to the increasing demand from the electronics application segment.

Basalt has been known to mankind for decades however owing to high cost of production basalt was initially employed only for defense applications. On account of which major researches done were classified and other economic substitutes such as glass fiber were discovered. Hence investment in the industry has been significantly low. However recent technological advancements have reduced the manufacturing cost and the market is attracting high level of investments. Some of the major global players include Kamenny Vek, Technobasalt LLC, Sudaglass Fiber Technology, and Basaltex NV among others.


Continuous basalt fibers are fibers manufactured by melting basalt rocks at high temperatures and processing them according to the needs of the end user industry. Abundantly available basalt rock is the only raw material required for the production of these fibers. Continuous basalt fibers have similar physical characteristics as glass fibers; however, these possess higher strength and are chemically inert to acids, alkalis and salts. 

This report comprises in-depth analysis and forecast of the continuous basalt fibers market on a global as well as regional level. The report includes forecast for the period from 2013 to 2019 in terms of volume (tons) and revenue (USD Million) for the regional and global markets. Quantitative data has been derived through extensive secondary research of the global continuous basalt fibers market. Secondary sources typically include company websites, relevant magazines, government documents and press releases among other reliable sources. A top down approach was followed to derive the regional numbers from global figures. Furthermore, bottom up approach was employed to derive data for various application segment based on the demand for continuous basalt fibers in each geographic segment. Combination of top down and bottom up approach helps in validation of the quantitative data of the market. The data was further validated with the help of primary research with industry experts to ensure the accuracy of derived numbers.

Detailed analysis of various factors driving the global continuous basalt fibers market has been included for astute decision making. The impact of these drivers over the forecast period has been included with data to substantiate the research findings. Moreover, the factors restraining market growth have been included for better understanding of the market. Impact of these restraints has been analyzed over the forecast period. The report also comprises various opportunities available for market growth over the period of next six years. Opportunities comprise the untapped or recently explored factors that are anticipated to offer growth opportunities for the continuous basalt fibers market during the forecast period.

This report includes value chain analysis to understand the industry thoroughly. The value chain analysis comprises detailed evaluation of the roles of various entities involved in the continuous basalt fiber industry. Role of each entity from raw material suppliers to the end-user industry has been analyzed. A description of processes used for manufacturing of continuous basalt fiber also has been included in the value chain analysis. Porter’s five forces model has been used to determine the degree of competition in the industry during the forecast period. Furthermore, a market attractiveness analysis has been done to analyze the application segments that are expected to be lucrative during the forecast period on the basis of various factors including market size, growth rate, profitability, raw material procurement and competition in each application segment.

The continuous basalt fibers market has been segmented on the basis of end users, which include transportation, molded materials, electronics, building & construction and others. Detailed analysis of all the segments in the regional and global markets and forecast based on current and future trends of the industry in terms of volume (tons) and revenue (USD million) has been included in the report. Geographically, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Demand for continuous basalt fibers has been analyzed and forecast for a period of six years.

The report also covers profiles of leading companies in the continuous basalt fibers industry. Companies profiled in the report include Kamenny Vek, Technobasalt Invest LLC, Sudaglass and Basaltex NV. Various attributes of these companies such as company overview, SWOT analysis, business strategies and recent developments form the core of the company profiles section. 

This report segments the global continuous basalt fiber market as follows:
  • Continuous Basalt Fiber Market: Application Analysis
    • Molded Materials
    • Transportation
    • Electronics
    • Building & Construction
    • Others (Including sports equipments, defense, space and aeronautic components, etc.)
  • Continuous Basalt Fiber Market: Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

Back To Top