The global basalt fiber market has captured $283.8 million in revenue in 2021, and it is projected to advance at the rate of 12.2% from 2021 to 2030, to capture $798.6 million in revenue in 2030, as per the P&S Intelligence.
This can be accounted to the fact that glass fiber can be substituted with basalt fiber in polymer matrix composites as a possible polymer strengthening...
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