Construction and Lightweight Composites Drive Global Continuous Basalt Fiber Market Past US$300 Million by 2031
Industry Experts, Inc. has announced the publication of a new research report titled " Global Continuous Basalt Fiber (CBF) Market - Product Forms and Applications ." According to the report, global revenues from continuous basalt fibers are expected to rise from around US$178 million in 2024 to nearly US$306 million by 2031, expanding at a CAGR of 8% during the forecast period 2025-2031. Continuous basalt fiber (CBF), produced directly from volcanic rock, continues to gain momentum across multiple industries for its superior strength, corrosion resistance, and thermal stability. The Construction & Infrastructure segment remains the leading consumer of basalt fibers, driven by rising use of basalt rebar, fabrics, and mesh in bridges, tunnels, and marine structures. Meanwhile, the Pipes & Tanks segment is projected to register the fastest growth through 2031, supported by lightweighting and sustainability initiatives. By product form, Rovings constitute ...