Basalt Fiber Market Size Demand, Forecast to 2023-2030
The Basalt Fiber Market size was estimated at USD 280.02 million in 2022 and is projected to reach USD 693.2 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 12% during the forecast period from 2023 to 2030.
In recent years, the Basalt Fiber Market Forecast has witnessed significant growth and is expected to continue its upward trajectory in the coming years. Basalt fiber, a type of mineral fiber derived from basalt rock, has gained prominence due to its exceptional properties and wide range of applications across various industries.