Details
1、 Overview and industrial chain diagram.
Basalt fiber is a new type of inorganic, environmentally friendly, and high-performance fiber material, composed of oxides such as silica, alumina, calcium oxide, magnesium oxide, iron oxide, and titanium dioxide. Basalt continuous fibers not only have high strength, but also have various excellent properties such as electrical insulation, corrosion resistance, and high temperature resistance.
According to the "Deep Research on the Current Situation and Future Investment Forecast Report of China's Basalt Fiber Industry (2023-2030)" released by Guanyan Report Network, in addition, the production process of basalt fiber determines that it generates less waste, causes little environmental pollution, and can be directly degraded in the environment without any harm after being discarded. Therefore, it is a truly green and environmentally friendly material. China has listed basalt fiber as one of the four key fibers for development (carbon fiber, aramid fiber, ultra-high molecular weight polyethylene, basalt fiber), achieving industrial production. In terms of industrial chain, the upstream of the basalt fiber industry is mainly composed of raw materials such as basalt and sizing agents, while the downstream is applied in fields such as construction, automotive, petrochemical, light industry and textile.
2、 Upstream market analysis
The main raw material of basalt fiber is basalt, which is a continuous fiber made by melting basalt stone at 1450 ℃ to 1500 ℃ and high-speed drawing through a platinum rhodium alloy wire leakage plate. From 2015 to 2021, the mining output of basalt industry in China showed a steady growth trend, providing a stable raw material supply basis for the development of basalt fiber industry. According to the data, in 2021, China's basalt mining output will reach 81.8 million tons, and the compound annual growth rate from 2015 to 2021 will be 7.57%.
3、 Midstream Market Analysis
China is the world's largest producer of basalt fibers. From 2013 to 2021, the production scale continued to grow, with a compound annual growth rate of 24.76%. The demand also followed the trend of production growth, with a compound annual growth rate of 22.47%. According to data, the production of basalt fiber industry in China reached 20544 tons in 2021, and the demand increased to 15646.3 tons.
4、 Downstream market analysis
-Construction industry
Basalt fiber has excellent properties such as high temperature resistance, oxidation resistance, radiation resistance, insulation and sound insulation, good filtration, high compressive and shear strength, adaptability to various environments, and good cost-effectiveness. It is a pure natural inorganic non-metallic material and a new basic material and high-tech fiber that can meet the development needs of basic industries in the national economy. Affected by the continuous tight real estate funding chain in 2022, the completion performance continued to be sluggish. As of 2022, the completed area of real estate in China was 862 million square meters, a year-on-year decrease of 15.0%.
2-Transportation industry
Basalt is a high-performance volcanic rock component, and this special silicate gives basalt fibers excellent chemical resistance, especially alkali resistance. Therefore, basalt fibers are an excellent material to replace polypropylene (PP) and polyacrylonitrile (PAN) for strengthening cement concrete, and are also highly competitive products to replace polyester fibers, lignin fibers, and other materials for asphalt concrete, It can improve the high-temperature stability, low-temperature crack resistance, and fatigue resistance of asphalt concrete. According to data, at the end of 2021, the total mileage of highways in China was 5.2807 million kilometers, an increase of 82600 kilometers compared to the end of the previous year. The density of highways was 55.01 kilometers per 100 square kilometers, an increase of 0.86 kilometers per 100 square kilometers.