The global market for basalt fiber is projected to reach 335 million USD by 2031.
The global basalt fiber market is experiencing significant growth, with revenue expected to surge from 106 million USD in 2022 to an estimated 335 million USD by 2031. This remarkable growth is driven by a robust compound annual growth rate (CAGR) of 12.4% during the forecast period from 2023 to 2031. As industries seek environmentally friendly high-performance materials, the basalt fiber market is poised for substantial growth. Companies at the forefront of basalt fiber innovation are well-positioned to capitalize on this expanding market and respond to the increasing demand for sustainable solutions. For application methods, please check the [PDF download] button or apply directly through the related links.
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Overview of Segmentation The global basalt fiber market segmentation focuses on product type, application, end-user industry, and region. By Product Type - Roving - Chopped Strand - Fabric - Mesh and Grid - Others By Application - Composites - Non-composites By End-Use Industry - Construction and Building - Automotive - Aerospace and Defense - Shipbuilding - Wind Energy - Sports Accessories - Others Key Companies: - Technobasalt-Invest LLC - Basaltex NV - Sudaglass Fiber Technology - Zhejiang GBF Basalt Fiber Co., Ltd (GBF) - Kamenny Vek - Shanxi Basalt Fiber Technology Co., Ltd - JiangSu Tianlong Continuous Basalt Fiber Co. Ltd - Mafic SA - Isomatex SA - Shanxi Basalt Fibre Technology Co. Ltd
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