Basalt Fiber Market Development, Trends, Demand and Forecast Till 2025
According to the IMARC Group Basalt fiber is a form of fiber-reinforced polymer produced using extremely fine fibers of basalt and minerals, including pyroxene, plagioclase and olivine. It is generally processed through pultrusion, prepreg process, compression/resin molding and vacuum infusion to procure continuous or discrete basalt fiber. These fibers are used to manufacture fireproof automobile and aerospace textiles, filament winding of pipes, tanks and cylinders, geogrids, tunnels and refractory bricks. Compared to the conventionally used glass-fiber, basalt fiber offers superior thermal protection, enhanced durability, better resistance to chemicals and ultraviolet rays, and high adhesive capabilities. The global basalt fiber market is primarily driven by rapid industrialization along with increasing infrastructural developments. Furthermore, owing to its high cost-effectiveness and non-corrosive properties, basalt fiber is extensively used for both commercial an...