Unleashing the Potential of Basalt Fiber: A Global Market Analysis

1. Basalt Fiber Market: Size, Share, Growth, Development and Demand Forecast to 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

2. The global basalt fiber market has captured $283.8 million in revenue in 2021, and it is projected to advance at the rate of 12.2% from 2021 to 2030, to capture $798.6 million in revenue in 2030, as per the P&S Intelligence. This can be accounted to the fact that glass fiber can be substituted with basalt fiber in polymer matrix composites as a possible polymer strengthening material. This kind of material is very much eco-friendly and has parallel properties to carbon fiber. Thus, it has numerous applications in engineering, concrete reinforcements and civil construction, plastics, electro-technical applications, prepregs and laminates, composite tissues, and in hot gas filtration processes. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/basalt-fiber- market/report-sample In 2021, fabrics had the largest revenue share and are projected to grow at a rate of above 12% in the coming years. Basalt fabrics are suited with resin for the discerning strengthening of laminates, seams, molding, and pipe winding, and they are also well-matched with vinyl ester, epoxy, and polyester. In 2021, the continuous form category had a gigantic revenue share of approximately 90% and is projected to grow with a CARG of around 13% in the years to come. This growth can be credited to the fact that continuous basalt fiber with a width of fewer than 14 micrometers has nearly double the ductile strength and 15–30% better elasticity modulus in comparison to e-glass fibers. Furthermore, as the purchasing people are increasing their expenditure on home remodeling and retrofitting activities is also growing significantly, which indeed will drive the demand for the continuous basalt fiber and non-woven fabrics industry, credited to the flexibility, corrosion resistance, and latter’s low weight. Inquire before purchase@ https://www.psmarketresearch.com/send- enquiry?enquiry-url=basalt-fiber-market The industry is projected to surge in the future as the residential and construction amenities will continue to be buoyant because of the little interest taxes on home loans and grants offered by governments. The tensile strength of plastic strengthened with basalt fiber is 2.0–2.5 times more advanced and the density is 4.2–5.0 times lesser than steel. 1 kg of basalt-plastic-reinforcement is as strong as 9 kg of steel, hence lessening the weight of structures. APAC generated the largest revenue, of approximately $150 million, in 2021. This can be credited to the rapid urbanization and industrialization in developing 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

3. countries thought out the region. Furthermore, Chinese companies are spending to make a certain kind of high- tech fiber with reasonable cost and decent performance, to keep pace with nations varying industrial trends. This is basalt fiber is utilized widely in military and non-military fields, and also in, construction, aerospace, electronics, agriculture, and, pharmaceutical. Hence, basalt fiber has several applications in engineering, concrete reinforcements and civil construction, plastics, electro-technical applications, prepregs and laminates, composite tissues, and hot gas filtration processes, such benefits of this material over other materials will drive the basalt fibre industry in the future. The research offers the size of the basalt fiber market for the period 2017–2030. Market Segmentation by Form Continuous Discrete Market Segmentation by Usage Composites Non-Composites Market Segmentation by Product Fabric Roving Chopped Strands Mesh & Grids Others Market Segmentation by End Use Automotive & Transportation Construction & Infrastructure Electrical & Electronics Wind Energy Marine Others Market Segmentation by Region North America Basalt Fiber Market • • • • • • • • • • • • • • • • oBy form oBy usage 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

4. oBy product • oBy end Use oBy country – U.S. and Canada Europe Basalt Fiber Market • oBy form oBy usage oBy product oBy end Use oBy country – U.K., Germany, France, Spain, Italy, and Rest of Europe Asia-Pacific (APAC) Basalt Fiber Market • oBy form oBy usage oBy product oBy end Use oBy country – China, India, Japan, Australia, South Korea, and Rest of APAC Latin America (LATAM) Basalt Fiber Market • oBy form oBy usage oBy product oBy end Use oBy country – Brazil, Mexico, and Rest of LATAM Middle East and Africa (MEA) Basalt Fiber Market • oBy form oBy usage oBy product oBy end Use oBy country – Saudi Arabia, South Africa, and Rest of MEA 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved

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