Basalt Fiber Research:CAGR of 9.6% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report “Basalt Fiber- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”. Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Basalt Fiber was estimated to be worth US$ 123 million in 2024 and is forecast to a readjusted size of US$ 246 million by 2031 with a CAGR of 10.5% during the forecast period 2025-2031.

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Basalt Fiber Market Summary

Basalt fiber is a new type of inorganic non-metallic fiber material made by melting natural basalt stone at high temperature and drawing it through a wire drawing process. It has high strength, excellent high temperature resistance, corrosion resistance, radiation resistance and other properties. It is a new material with excellent performance and environmental protection.

According to the new market research report “Global Basalt Fiber Market Report 2025-2031”, published by QYResearch, the global Basalt Fiber market size is projected to reach USD 0.19 billion by 2031, at a CAGR of 9.6% during the forecast period.

Figure00002. Global Basalt Fiber Market Size (US$ Million), 2020-2031

Above data is based on report from QYResearch: Global Basalt Fiber Market Report 2024-2031 (published in 2024). If you need the latest data, plaese contact QYResearch.

Figure00003. Global Basalt Fiber Top 17 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Above data is based on report from QYResearch: Global Basalt Fiber Market Report 2024-2031 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Basalt Fiber include Guizhou Shixin, Sichuan Fiberglass, Zhejiang GBF, Sichuan Juyuan Basalt Fiber Technology, Qianyi, Aerospace Tuoxin, Tongxin, Kamenny Vek, Zhengzhou Dengdian CBF, Sudaglass, etc. In 2024, the global top 10 players had a share approximately 75.0% in terms of revenue.

Figure00004. Basalt Fiber, Global Market Size, Split by Product Segment

Based on or includes research from QYResearch: Global Basalt Fiber Market Report 2024-2031.

In terms of product type, currently Chopped Staple Fibers is the largest segment, hold a share of 44.4%.

In terms of product application, currently Construction Industry is the largest segment, hold a share of 34.2%.

Market Drivers:

Infrastructure construction and growth in demand for new materials: With the acceleration of urbanization and the advancement of "new infrastructure" projects, the demand for lightweight, high-strength and corrosion-resistant materials in the construction, transportation, water conservancy, electricity and other industries is increasing. Due to its excellent physical properties, basalt fiber is particularly suitable for structural reinforcement and new construction projects with high corrosion or high strength requirements such as bridges, tunnels, subways, and seaports, and has become one of the important alternative materials to glass fiber and traditional steel bars.

Policy support and green environmental protection trend promotion: Governments of various countries attach great importance to the development of the new materials industry. China has included it in the "strategic emerging industries" and the "14th Five-Year Plan" development priorities. The production process of basalt fiber is highly environmentally friendly and does not require the addition of chemical additives. It is a natural green inorganic fiber that conforms to the policy orientation of carbon neutrality, green buildings, and ecological transportation. It is also expected to obtain more financial subsidies, tax incentives and priority procurement opportunities for government projects.

Actual demand for replacing glass fiber and some carbon fibers: Compared with traditional glass fiber, basalt fiber performs better in heat resistance, corrosion resistance, and aging resistance; compared with carbon fiber, it has lower cost and simpler raw material acquisition. Therefore, in cost-effective fields (such as municipal engineering, anti-corrosion industry, and military-civilian integration), basalt fiber has a strong "performance-cost ratio" advantage and is an important mid-range supplement between glass and carbon fiber.

Improved technology maturity promotes large-scale production: In recent years, breakthroughs have been made in basalt fiber's continuous drawing technology, spinneret corrosion-resistant materials, impregnation agent formulations, and composite processes, which have greatly improved its product performance stability and production efficiency. Technical barriers have been gradually broken through, the localization rate of production equipment has increased, and unit costs have decreased, providing technical guarantees for enterprises to achieve large-scale industrialization and enhancing the investment attractiveness of the industry.

Rail transit and automobile lightweight application expansion: In rail transit, subway segments, high-speed railway sleepers, and new energy vehicle composite bodies, basalt fiber is widely used due to its high strength, impact resistance, and electrical insulation properties. In particular, it has become a key material in scenarios such as rail reinforcement bars, subway anti-corrosion structures, and automotive thermoforming composites. These emerging applications are opening up a larger market space for basalt fiber.

Restraint:

High technical threshold and poor production process stability: The continuous drawing process of basalt fiber has extremely high requirements for melt temperature control, spinneret material, and impregnation agent ratio. Due to the complex and volatile natural composition of basalt, it is easy to cause melt crystallization, uneven spinning, fiber breakage and other problems. Some small and medium-sized enterprises lack core technical support and find it difficult to achieve stable mass production, which limits product quality and market expansion capabilities.

The industry cost is relatively high and price competitiveness needs to be improved: Although the raw materials are natural minerals, the high-temperature melting (>1450℃) of basalt fiber, high corrosion resistance requirements of spinneret equipment, and high power consumption make its overall manufacturing cost higher than that of glass fiber. Compared with the mature glass fiber industry, the cost control of basalt fiber is not yet mature, and the product price sensitivity is high, which hinders its wide replacement application in the low-end or bulk market.

The application market has not yet been fully opened, and the industrial chain synergy is not strong: As a new material, basalt fiber still has an imperfect standard system, design specifications and construction process in multiple downstream fields. Some end customers have limited understanding of its performance and low acceptance. In addition, the synergy between fiber → composite material → finished product application is still not tight, and the processing and secondary development capabilities of composite materials are weak, resulting in a long product development cycle and low landing efficiency.

Risks of international competition and trade barriers: As China, Russia, Ukraine and other countries have laid out the basalt fiber industry, international market competition is becoming increasingly fierce. At the same time, some countries (especially Europe and the United States) have set technical standards or environmental protection thresholds for the import of new materials. In addition, geopolitical and trade policy fluctuations may cause potential impacts on export companies, such as raw material blockades, market barriers, and tariff uncertainties.

Imperfect industry standards and regulatory systems: At present, the basalt fiber industry has not yet established a unified and complete industry standard system at home and abroad. In some areas, there is still a lack of mandatory application specifications and quality certification mechanisms, resulting in uneven product quality, affecting market reputation and the overall image of the industry. This also makes customers more inclined to choose traditional materials supported by existing standard systems in project procurement.

Trend:

Development towards high performance and functionalization: In the future, basalt fiber products will not only pursue the improvement of basic mechanical properties, but also develop multifunctional composite materials such as high temperature resistance, conductivity, flame retardancy, and radiation resistance. For example, by combining with nanomaterials, resins, etc., lighter, stronger, and more durable composite products can be achieved to meet the needs of aerospace, military industry, and special equipment.

Industry chain integration and large-scale production are accelerating: With technological progress, key processes such as continuous drawing, impregnation formulation, and composite molding of basalt fibers are becoming more mature, and the industry chain is extending upstream and downstream. Ore mining, fiber production, prepreg preparation, and composite product manufacturing will be integrated to reduce costs, improve industrial efficiency, and promote product standardization and market popularization.

Application areas continue to expand, with transportation and construction as key growth points: Basalt fiber will continue to expand its application in rail transportation, automobile lightweighting, marine engineering, building structure reinforcement, and other fields, gradually replacing glass fiber, some carbon fiber, and steel. Especially in corrosive environments (such as seaports, high humidity areas, chemical plants) and high-load structures, the advantages of basalt fiber are more prominent.

Policy support and standard system are gradually improving: Governments of various countries are paying more and more attention to the development of new materials industry, and have issued policies to support the research and development, industrialization and application promotion of basalt fiber. At the same time, the industry standard system is gradually being established, which will help standardize product quality, promote engineering applications, enhance market trust, and lay the foundation for the healthy and sustainable development of the industry.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Basalt Fiber market is segmented as below:
By Company
Kamenny Vek
Technobasalt-Invest
Sudaglass
Tespe srl
Zaomineral
Bastech
BASALTEX NV
Deutsche Basalt Faser GmbH
Polotsk-Steklovolokno
LAVAintel
ARMBAS
Sichuan Qianyi Composite Material
Zhengzhou Dengdian
Aerospace Tuoxin
Shanxi Basai Aote Technology
GMV
Jiangsu Tianlong
Tongxin
Zhejiang GBF


Segment by Type
Chopped Fiber
Twisted Roving
Twistless Roving


Segment by Application
Construction
Fire Control
Automobile
Aerospace
Military
Shipbuilding
Others


Each chapter of the report provides detailed information for readers to further understand the Basalt Fiber market:

Chapter 1: Introduces the report scope of the Basalt Fiber report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Basalt Fiber manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Basalt Fiber market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Basalt Fiber in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Basalt Fiber in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.


Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Basalt Fiber competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Basalt Fiber comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Basalt Fiber market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.


Other relevant reports of QYResearch:
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