Global Basalt Fiber Market worth $517 million by 2027 - Exclusive Report by MarketsandMarkets™
According to the new market research report " Basalt Fiber Market by Usage (Composites, Non-Composites), End-Use Industry (Construction & Infrastructure, Automotive & Transportation, Wind Energy, Electrical & Electronics, Marine) and Region - Global Forecast to 2027", published by MarketsandMarkets™, the global Basalt Fiber Market size is expected to grow from USD 286 million in 2022 to USD 517 million by 2027, at a CAGR of 12.5% during the forecast period. The basalt fiber industry is growing due to the increase in the demand for environmentally friendly materials with properties such as high strength to weight ratio, good tensile strength, electrical conductivit...