The global Continuously Basalt Fiber Market size was USD 1.5 Billion in 2022 and is expected to reach USD 2.3 Billion in 2032, and register a revenue CAGR of 8.2% during the forecast period. The demand for environmentally friendly and sustainable materials is expected to rise in the coming years, and basalt fiber technology advancements, as well as growing applications in a variety of industries, are expected to contribute to the market revenue growth.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, RD investments, and joint ventures to gain robust footing in the market.
Major Companies:
- Kamenny Vek
- Zhejiang GBF Basalt Fiber Co., Ltd.
- Sudaglass Fiber Technology
- Mafic SA
- Shanxi Basalt Fiber Technology Co., Ltd.
- Technobasalt-Invest LLC
- Isomatex SA
- Basaltex NV
- TechNova Industries
- Meltrock
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Continuously Basalt Fiber Market Segmentation:
By Product Type Outlook:
- Roving
- Chopped Strands
- Fabrics
- Mesh
- Others
By End-Use Outlook:
- Automotive
- Construction
- Aerospace Defense
- Electrical Electronics
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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