{"id":9343,"date":"2022-06-09T04:00:29","date_gmt":"2022-06-09T04:00:29","guid":{"rendered":"https:\/\/nazing.co.uk\/?p=9343"},"modified":"2022-06-09T04:00:29","modified_gmt":"2022-06-09T04:00:29","slug":"basalt-fiber-market-size-share-demand-and-global-industry-trends-2022-2027","status":"publish","type":"post","link":"https:\/\/nazing.co.uk\/basalt-fiber-market-size-share-demand-and-global-industry-trends-2022-2027\/","title":{"rendered":"Basalt Fiber Market Size, Share, Demand And Global Industry Trends 2022-2027"},"content":{"rendered":"\n

According to IMARC Group\u2019s latest report, titled \u201cBasalt Fiber Market<\/a>: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027<\/strong>,\u201d the global basalt fiber market reached a value of US$ 300.8 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 565.7 Million by 2027, exhibiting at a CAGR of 10.7% during 2022-2027.<\/p>\n\n\n\n

We are regularly tracking the direct effect of COVID-19<\/strong> on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.<\/p>\n\n\n\n

Request a Free PDF Sample of the Report:<\/strong> https:\/\/www.imarcgroup.com\/basalt-fiber-market\/requestsample<\/a><\/p>\n\n\n\n

Basalt fiber refers to naturally occurring reinforced composites and polymers. They are processed and composed of pyroxene and various minerals, including plagioclase and olivine. As compared to glass and carbon fibers, basalt fiber exhibits higher tensile strength, resistance to combustion and superior electromagnetic properties and offers better thermal protection and lower hygroscopic quotient. Consequently, it is extensively used as a composite to produce tubes, bars, pipes, cameras, tripods, and multiple constructions and automotive parts.<\/p>\n\n\n\n

Market Trends and Drivers:<\/strong><\/p>\n\n\n\n

One of the key factors driving the basalt fiber market growth is the increasing number of construction activities across the globe. This is further supported by the rising investments in various infrastructural projects, coupled with the growing need for better performance building materials. Basalt fiber is widely incorporated as a strengthening agent in concrete mixes, road bases, railroad ballast, and filter stone in drain fields. Moreover, the rising environmental concerns have promoted the uptake of sustainable construction materials, such as basalt fiber, which is propelling the market growth. Apart from this, the shifting inclination of manufacturers toward basalt fiber reinforced plastic (BFRP) over steel rebar to extend the shelf-life of civil engineering structures is contributing to the market growth.<\/p>\n\n\n\n

Basalt Fiber Market 2022-2027 Competitive Analysis and Segmentation:<\/strong><\/p>\n\n\n\n

Competitive Landscape With Key Players:<\/strong><\/p>\n\n\n\n

The competitive landscape of the basalt fiber market has been studied in the report with the detailed profiles of the key players operating in the market.<\/p>\n\n\n\n

Some of these key players include:<\/strong><\/p>\n\n\n\n