The Basalt Fiber Market is projected to grow at a CAGR 10.09% rate between 2021 and 2026.

The growing demand from construction & infrastructure, automotive & transportation, and electrical & electronics end-use industries is anticipated to fuel the growth of the Basalt Fiber market.
Increased application in the construction & infrastructure industry due to its high strength and non-corrosive properties is expected to lead the market for construction & infrastructure end-use segment during the forecast period. Also basalt fiber's good compatibility with concrete, and easy mixing at high concentration has increased its usage in construction applications.Continuous form basalt fibers account for a major share in the basalt fiber market. Growing demand from the construction & infrastructure sector is expected to be witnessed during the forecast period due to its characteristics, such as superior efficiency, higher tensile strength, and excellent mechanical properties, eco-friendly, which makes it suitable for various applications, such as reinforcing nets, pipes, containers, electrical insulation and others.
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1. Basalt Fiber Market, By Usage Type
1.1. Basalt Fiber in Composites
1.1.1. Construction and infrastructure
1.1.2. Automotive and transportation
1.1.3. Electrical and electronics
1.1.4. Wind energy
1.1.5. Marine
1.1.6. others
1.2. Basalt Fiber in Non-Composites
1.2.1. Construction and infrastructure
1.2.2. Others

2. Basalt Fiber Market, By Form
2.1. Continuous Basalt Fiber
2.2. Discrete Basalt Fiber

3. Basalt Fiber Market, By End-Use Industry
3.1. Construction & Infrastructure
3.1.1. Automotive & Transportation
3.2. Electrical & Electronics
3.2.1. Home appliances
3.2.2. Devices
3.3. Wind Energy
3.3.1. Onshore
3.3.2. Offshore
3.4. Marine
3.4.1. Boats and ships
3.4.2. Marine construction
3.4.3. Others
4. Basalt Fiber Market, By Region
4.1. North America
4.2. Europe
4.3. Asia Pacific
4.4. Rest of World
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