According to Cognitive Market Research, The Global Discrete Basalt Fiber market size is USD 0.26 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 13.00% from 2023 to 2030.
The need for high-performance sealing materials, tires, and tire adhesive is driving up demand for discrete basalt fibers. The rapid growth of the automotive sector in emerging nations is also a major factor driving the global basalt fiber market.
Demand for Continuous Remains is higher in the Discrete Basalt Fiber market.
The Construction and Infrastructure category held the highest Discrete Basalt Fiber market revenue share in 2023.
North American Discrete Basalt Fiber will continue to lead, whereas the Asia-Pacific Discrete Basalt Fiber market will experience the most substantial growth until 2030.
