Global Basalt Fiber Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Usage Type;

Basalt Fiber In Composites and Basalt Fiber In Non-Composites

By Form;

Continuous Basalt Fiber and Discrete Basalt Fiber

By Type;

Chopped Fiber, Continuous Filaments, Roves, Ropes , Tapes, Mats, and Others

By Composite Processing Method;

Pultrusion, Prepregs, Compression Moulding, Hand Layup, Resin Moulding, Vaccum Infusion, Spray Gun, Filament Winding, Resin Film Infusion (RFI), and Others

By Application;

Concrete Reinforcement, Roads, Mesh Filters, Insulator, Wall Plugs, Spray Application, Refractory Bricks & Blocks, Walls & Foundations, Coastline Reinforcement, Reinforcement For Sports Equipment & Automotive Parts, Industrial Flooring & Foundations, Water Works, Ship & Boats Building, Shafts & Tunnels, Composites, and Others

By End-Use Industry;

Construction & Infrastructure, Automotive & Transportation, Electrical & Electronics, Wind Energy, Marine, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn741065800 Published Date: May, 2025 Updated Date: June, 2025

Basalt Fiber Market Overview

Basalt Fiber Market (USD Million)

Basalt Fiber Market was valued at USD 312.61 million in the year 2024. The size of this market is expected to increase to USD 644.95 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.9%.


Global Basalt Fiber Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 10.9 %


Study Period2025 - 2031
Base Year2024
CAGR (%)10.9 %
Market Size (2024)USD 312.61 Million
Market Size (2031)USD 644.95 Million
Market ConcentrationLow
Report Pages310
312.61
2024
644.95
2031

Major Players

  • Kamenny VEK
  • Zhejiang GBF Basalt Fiber Co
  • Mafic SA
  • Technobasalt-Invest LLC
  • Russian Basalt
  • ISOMATEX S.A.
  • INCOTELOGY GmbH

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Basalt Fiber Market

Fragmented - Highly competitive market without dominant players


The basalt fiber market is witnessing notable expansion due to the material’s exceptional strength, resistance to heat, and anti-corrosive properties. Produced from molten volcanic rock, basalt fiber is proving superior to conventional alternatives in various performance metrics. Notably, more than 30% of its demand stems from construction and structural reinforcement projects where long-term durability is critical.

Wider Industry Integration of Basalt Fiber
The application range of basalt fiber is expanding rapidly, with sectors like automotive, defense, and transportation leveraging its thermal endurance and mechanical strength. Around 40% of manufacturers are incorporating basalt fiber into advanced composite systems, underscoring its relevance across performance-intensive environments.

Innovation Driving Efficiency Gains
Technological enhancements in fiber manufacturing are elevating the efficiency and versatility of basalt composites. These advances have led to an approximate 35% increase in material performance, allowing for greater integration into high-demand uses. Improved compatibility with various matrices has further accelerated its use in tailored engineering solutions.

Shift Toward Lightweight Structural Composites
Industries prioritizing lightweight yet high-strength materials are increasingly turning to basalt fiber as a strategic replacement for glass or carbon fibers. Presently, over 20% of lightweight composite applications utilize basalt fiber, reflecting a growing trend toward optimized material engineering for structural and design efficiency.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Usage Type
    2. Market Snapshot, By Form
    3. Market Snapshot, By Type
    4. Market Snapshot, By Composite Processing Method
    5. Market Snapshot, By Application
    6. Market Snapshot, By End-Use Industry
    7. Market Snapshot, By Region
  4. Basalt Fiber Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Lightweight and High-Performance Materials
        2. Increasing Investments in Infrastructure Development
        3. Rising Preference for Sustainable and Eco-Friendly Solutions
        4. Expanding Applications in Automotive and Aerospace Industries
      2. Restraints
        1. High Initial Investment Costs for Basalt Fiber Production
        2. Limited Awareness and Market Penetration
        3. Competition from Established Materials such as Fiberglass and Carbon Fiber
        4. Challenges in Achieving Consistent Quality and Standardization
      3. Opportunities
        1. Emerging Applications in Renewable Energy and Marine Industries
        2. Technological Advancements in Basalt Fiber Processing
        3. Expansion into Emerging Markets with Growing Construction Activities
        4. Strategic Partnerships and Collaborations for Market Expansion
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Basalt Fiber Market, By Usage Type, 2021 - 2031 (USD Million)
      1. Basalt Fiber in Composites
      2. Basalt Fiber in Non-Composites
    2. Basalt Fiber Market, By Form, 2021 - 2031(USD Million)
      1. Continuous Basalt Fiber
      2. Discrete Basalt Fiber
    3. Basalt Fiber Market, By Type, 2021 - 2031 (USD Million)
      1. Chopped Fiber
      2. Continuous Filaments
      3. Roves
      4. Ropes
      5. Tapes
      6. Mats
      7. Others
    4. Basalt Fiber Market, By Composite Processing Method, 2021 - 2031 (USD Million)
      1. Pultrusion
      2. Prepregs
      3. Compression Moulding
      4. Hand Layup
      5. Resin Moulding
      6. Vaccum Infusion
      7. Spray Gun
      8. Filament Winding
      9. Resin Film Infusion (RFI)
      10. Others
    5. Basalt Fiber Market, By Application, 2021 - 2031 (USD Million)
      1. Concrete Reinforcement
      2. Roads
      3. Mesh Filters
      4. Insulator
      5. Wall Plugs
      6. Spray Application
      7. Refractory Bricks and Blocks
      8. Walls and Foundations
      9. Coastline Reinforcement
      10. Reinforcement for Sports Equipment and Automotive Parts
      11. Industrial Flooring and Foundations
      12. Water Works
      13. Ship & Boats Building
      14. Shafts and Tunnels
      15. Composites
      16. Others
    6. Basalt Fiber Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Construction & Infrastructure
      2. Automotive & Transportation
      3. Electrical & Electronics
      4. Wind Energy
      5. Marine
      6. Others
    7. Basalt Fiber Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Kamenny VEK
      2. Zhejiang GBF Basalt Fiber Co
      3. Mafic SA
      4. Technobasalt-Invest LLC
      5. Russian Basalt
      6. ISOMATEX S.A.
      7. INCOTELOGY GmbH
  7. Analyst Views
  8. Future Outlook of the Market