Basalt Fiber Market Size 2023-2028, Industry Growth and Latest Insights
IMARC Group has recently released a new research study titled “ Basalt Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form. Market Overview: The global basalt fiber market size reached US$ 340.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 577.6 Million by 2028, exhibiting a growth rate (CAGR) of 8.7% during 2023-2028. Basalt fiber is a lightweight and durable material that is obtained by melting and extruding basalt rock at high temperatures . The resulting fibers have excellent mechanical properties and are known for their strength, durability, and thermal resist...