Basalt Fiber Market deals with the materials that are made from the fine fibers of Basalt. Basalt fibers are fine strands of basalt manufactured by melting basalt rock fiber that are formed by forcing molten basalt through small pores. The manufacturing process of basalt fiber is relatively simple – no additives are included in the process which consists of simply melting crushed basalt rock and drawing it into strands.
Basalt Fiber properties are superior in comparison with fiberglass due to the high structural integrity of basalt. Due to the relative abundance of basalt rock, continuous basalt fibers are also cheaper than carbon fiber, which has helped boost their demand. Basalt Fiber applications are electronics, transportation, building and construction, molded materials, aviation and defense. Types of basalt are tholeiitic basalt, high alumina, alkali basalt.
The rising demand for basalt fibers as an alternative to glass and carbon fibers is expected to boost the Basalt Fiber Market. Building and construction gives a great demand for the basalt fiber. Basalt Fiber is having the priority in the market due to its low price. The basalt strength and durability are high and these are driving the growth of the market.
North America has emerged as the largest consumer of the basalt fiber in the market. Basalt Fiber Market has helped the North America to post strong sales figures. On the other side, China is the largest exporter of basalt fibers and is expected to remain in the top in the coming years. APAC is anticipated to be the fastest growing market on account of rapidly expanding end-use industries including construction, automotive, aerospace and electronics.
In basalt fiber, the chemicals are non-reactive. Hence, it boosts the Basalt Fiber Market in all the applications. In many applications basalt fiber is replaced by the expensive glass that propels the demand in the market. Building and construction applications are expected to develop the market in the forecast period.
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