Basalt Fiber Market Status, Share, Applications Analysis and Forecast to 2023
The global Basalt Fiber Market is subject to witness a substantial growth at a CAGR of 10.69% due to the increasing demand from various end-user industries across Asia Pacific region. Basalt fiber are considered as one of the vital parts of the global automotive industry. Basalt fiber are multipurpose fibers that possesses unique properties. Applications of the basalt fiber include fiber-filling industry, automobile sector, building & construction industry, and home furnishing sector. Growing demand of the basalt fiber from fiber-filling industry and automobile sector is predicted to drive the growth of the market in the upcoming years.
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