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Global High-Performance Composites & Reinforcement Materials Market: Basalt Fibers Segment Analysis 2021–2028
The basalt fiber market was valued at US$ 216.00 million in 2020 and is projected to reach US$ 427.14 million by 2028; it is expected to register a CAGR of 9.0% from 2021 to 2028. Basalt fibers—manufactured by melting crushed volcanic basalt rock at high temperatures ($approx 1,400^\circ\text{C}$ to $1,500^\circ\text{C}$) and extruding through platinum-rhodium alloy bushings—deliver...
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