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BJH 24.03.29
Global Basalt Rock Market is valued at approximately USD 310 million in 2022 and is anticipated to grow with a healthy growth rate of more than 4.5% during the forecast period 2023-2030. Basalt rock is a type of rock that forms when lava cools down quickly on the Earth's surface. It looks dark and dense and is made mostly of minerals such as plagioclase, pyroxene, and olivine. Basalt rock has a smooth texture, and sometimes it forms columns or hexagonal shapes, especially in structures such as basalt columns. The automotive and aerospace sectors have experienced a significant increase in the need for basalt rock, driven by its remarkable qualities and adaptable uses. Additionally, the growing demand for environmentally friendly construction materials has boosted the appeal of basalt rock in the building industry.
As per the European Automobile Manufacturers Association, the global production of motor vehicles reached 85.4 million in 2022, marking a 5.7% increase from the previous year 2021. Additionally, the global market value of green building materials reached USD 298 billion in 2022, with projections estimating a rise to around USD 524 billion by 2027. Moreover,, California led the United States in the number of LEED Certificates in 2022, although it did not have the highest per capita count of these green building certificates. However, competition from substitute materials stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Basalt Rock Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. In 2022, the Asia-Pacific region held a XX% market share in the basalt rock industry, and it is anticipated to sustain its leading position in the forecast period. The region is undergoing substantial urbanization and significant infrastructure growth. The durability and suitability of basalt rock as a construction material contribute significantly to its value in the flourishing construction sector of the Asia-Pacific region.
Major market player included in this report are:
- Aravali India Marbles & Granites
- Maharaja Stones
- Technobasalt invest Inc.
- Sudaglass Fiber Technology
- Mafic
- Albarrie Canada Limited
- Isomatex S.A.
- Zhejiang GBF Basalt Fiber Co. Ltd
- Rockwool A/S
- Kamenny Vek
Recent Developments in the Market:
- In April 2022, Technical Fibre Products (TFP) introduced an innovative polyimide veil, designed to withstand high temperatures, specifically tailored for use in composite applications. This unveiling took place at the JEC World Exhibition.
- In June 2021, Basaltex NV presented a cutting-edge composite material solution at the same exhibition. This solution combines basalt fibers with EconCore's honeycomb technology, offering a promising advancement for railway applications.
- In November 2021, Zhejiang Shijin Basalt Fiber Co., Ltd. achieved a milestone by developing CNG cylinders. These cylinders utilize basalt fiber yarn wrapping, enhancing safety and pressure resistance for improved performance in various applications.
Global Basalt Rock Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Application, Type, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- Tholeiitic Basalt
- Mid-ocean Ridge Basalt (MORB)
- Alkali Basalt
- High-alumina Basalt
- Others
By Application:
- Construction
- Cobblestones
- Basalt Fibers
- Stone Wool
- Cosmetics
- Water Filtration/Water Treatment
- Machinery
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Basalt Rock Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Basalt Rock Market, by Type, 2020-2030 (USD Million)
- 1.2.3. Basalt Rock Market, by Application, 2020-2030 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Basalt Rock Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Basalt Rock Market Dynamics
- 3.1. Basalt Rock Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Surge in demand from automotive and aerospace industries
- 3.1.1.2. Sustainable and eco-friendly building materials
- 3.1.1.3. Rapid urbanization
- 3.1.2. Market Challenges
- 3.1.2.1. Competition from substitute materials
- 3.1.3. Market Opportunities
- 3.1.3.1. Technological advancements in processing techniques
- 3.1.3.2. Surge in infrastructure development projects
Chapter 4. Global Basalt Rock Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Basalt Rock Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Basalt Rock Market by Type, Performance - Potential Analysis
- 5.3. Global Basalt Rock Market Estimates & Forecasts by Type 2020-2030 (USD Million)
- 5.4. Basalt Rock Market, Sub Segment Analysis
- 5.4.1. Tholeiitic Basalt
- 5.4.2. Mid-Ocean Ridge Basalt (MORB)
- 5.4.3. Alkali Basalt
- 5.4.4. High-alumina Basalt
- 5.4.5. Others
Chapter 6. Global Basalt Rock Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Basalt Rock Market by Application, Performance - Potential Analysis
- 6.3. Global Basalt Rock Market Estimates & Forecasts by Application 2020-2030 (USD Million)
- 6.4. Basalt Rock Market, Sub Segment Analysis
- 6.4.1. Construction
- 6.4.2. Cobblestones
- 6.4.3. Basalt Fibers
- 6.4.4. Stone Wool
- 6.4.5. Cosmetics
- 6.4.6. Water Filtration/Water Treatment
- 6.4.7. Machinery
- 6.4.8. Others
Chapter 7. Global Basalt Rock Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Basalt Rock Market, Regional Market Snapshot
- 7.4. North America Basalt Rock Market
- 7.4.1. U.S. Basalt Rock Market
- 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Basalt Rock Market
- 7.5. Europe Basalt Rock Market Snapshot
- 7.5.1. U.K. Basalt Rock Market
- 7.5.2. Germany Basalt Rock Market
- 7.5.3. France Basalt Rock Market
- 7.5.4. Spain Basalt Rock Market
- 7.5.5. Italy Basalt Rock Market
- 7.5.6. Rest of Europe Basalt Rock Market
- 7.6. Asia-Pacific Basalt Rock Market Snapshot
- 7.6.1. China Basalt Rock Market
- 7.6.2. India Basalt Rock Market
- 7.6.3. Japan Basalt Rock Market
- 7.6.4. Australia Basalt Rock Market
- 7.6.5. South Korea Basalt Rock Market
- 7.6.6. Rest of Asia Pacific Basalt Rock Market
- 7.7. Latin America Basalt Rock Market Snapshot
- 7.7.1. Brazil Basalt Rock Market
- 7.7.2. Mexico Basalt Rock Market
- 7.8. Middle East & Africa Basalt Rock Market
- 7.8.1. Saudi Arabia Basalt Rock Market
- 7.8.2. South Africa Basalt Rock Market
- 7.8.3. Rest of Middle East & Africa Basalt Rock Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Aravali India Marbles & Granites
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Maharaja Stones
- 8.3.3. Technobasalt
- 8.3.4. Sudaglass Fiber Technology
- 8.3.5. Mafic
- 8.3.6. Albarrie Canada Limited
- 8.3.7. ISOMATEX S.A.
- 8.3.8. Zhejiang GBF Basalt Fiber Co. Ltd
- 8.3.9. ROCKWOOL A/S
- 8.3.10. Kamenny Vek
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption