Global Basalt Fiber (BF) Market 2022-2028
Basalt fiber (BF) is obtained from basalt rock and can be so finely divided that it can form fiber, which if mixed with polymer give rise to basalt fiber reinforced polymer (BFRP). Basalt fiber is cost-effective and offers exceptional properties over glass fibers. Unlike glass, basalt fibers are naturally resistant to ultraviolet and high-energy electromagnetic radiation, maintain their properties in cold temperature, and provide better acid resistance. The global basalt fiber market size is projected to grow by USD 103 million from 2022 to 2028, registering a CAGR of 5.9 percent, according to a new report by Gen Consulting Company.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global basalt fiber market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the basalt fiber industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, application, and region. The global market for basalt fiber can be segmented by product: rovings, chopped strands, twisted yarns, fabrics and tapes, others. Basalt fiber market is further segmented by application: building & construction, automotive, industrial. Based on region, the basalt fiber market is segmented into: North America, Asia Pacific, Europe, Rest of the World (ROW).
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