Dublin, June 27, 2025 (GLOBE NEWSWIRE) -- The "Continuous Basalt Fiber Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" report has been added to ResearchAndMarkets.com's offering.
The Continuous Basalt Fiber Market was valued at USD 1.27 Billion in 2024, and is expected to reach USD 2.34 Billion by 2030, rising at a CAGR of 10.55%.
This market encompasses the global production and utilization of continuous basalt fiber, an advanced material produced by melting and fiberizing basalt rock.
Known for its excellent tensile strength, chemical and thermal resistance, minimal water absorption, and environmental friendliness, CBF is increasingly adopted as a substitute for conventional reinforcement materials such as fiberglass, carbon fiber, and steel. The market includes products like roving, chopped strands, fabrics, mats, and rebar, serving end-use industries such as construction, automotive, aerospace, electronics, marine, and wind energy.
Key Market Drivers
Rising Demand for Lightweight and High-Strength Materials Across Industries
The market is primarily driven by the need for lightweight and high-strength materials in industries including automotive, aerospace, construction, and defense. Continuous basalt fiber offers a superior combination of tensile strength, corrosion and thermal resistance, and lightweight characteristics compared to traditional alternatives like steel and some composites.
As regulatory pressures for fuel efficiency and emissions grow, particularly in automotive and aerospace sectors, manufacturers are increasingly turning to basalt fiber for its optimal strength-to-weight ratio. In the construction industry, its application in concrete reinforcement and road surfacing is gaining momentum due to its durability, cost-effectiveness, and eco-friendly profile. These factors collectively support the robust demand for basalt fiber across expanding industrial applications.
Key Market Challenges
Slower Commercial Adoption
Despite its superior material properties, the market faces a key hurdle in the slow pace of commercial adoption. Many industries, especially construction, automotive, and aerospace, remain cautious due to entrenched use of traditional materials and conservative approval protocols. Limited awareness and a lack of long-term performance data further constrain broader adoption.
Additionally, the global supply of continuous basalt fiber is dominated by a few players, leading to concerns over product consistency, supply reliability, and scalability. These factors contribute to hesitancy among stakeholders who require extensive material certification and prolonged qualification cycles before transitioning from existing solutions, thereby restraining market acceleration despite favorable growth forecasts.
Key Market Trends
Surge in Demand from Construction and Infrastructure Sectors
Construction and infrastructure sectors are experiencing a notable rise in the adoption of basalt fiber, driven by its high tensile strength, thermal insulation, and corrosion resistance. Its application in reinforcing concrete, roads, and bridges is expanding rapidly, especially in Asia-Pacific and the Middle East, supported by the global move toward sustainable construction solutions.
As both public and private sectors look for cost-effective, durable alternatives to conventional materials like steel and fiberglass, basalt fiber is increasingly being integrated into civil engineering practices, contributing to a significant year-over-year growth in demand.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 180 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $1.27 Billion |
| Forecasted Market Value (USD) by 2030 | $2.34 Billion |
| Compound Annual Growth Rate | 10.5% |
| Regions Covered | Global |
Report Scope:
Key Market Players
- Basalt Fiber Tech
- Kamenny Vek Company
- Shanxi Yaxin Group
- China National Petroleum Corporation (CNPC)
- Pultron Composites Limited
- Basalt Fiber Solutions
- Technobasalt LLC
- Merino Group
Continuous Basalt Fiber Market, By Product Type:
- Roving
- Chopped Strands
- Fabrics
- Others
Continuous Basalt Fiber Market, By Processing Technology:
- Pultrusion
- Vacuum Infusion
- Texturizing
- Stitching & Weaving
- Others
Continuous Basalt Fiber Market, By End-User:
- Construction
- Transportation
- Industrial
- Others
Continuous Basalt Fiber Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- Turkey
For more information about this report visit https://www.researchandmarkets.com/r/axt2u8
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