Basalt Fibers Market Estimated to Expand at a Double-Digit CAGR through 2018 to 2026
The burden of regulations for the automotive manufacturers to reduce the vehicle weight has triggered the demand for basalt fibers by nearly 7% during the past four years, explains Fact.MR. The stringent regulations prevailing in the automotive industry regarding the reduction of vehicle weight to reduce emissions has positively impacted the demand for basalt fibers. Moreover, composites made of basalt fibers are being widely used in the aerospace industry for fuel efficiency. The additional properties of fire protection have led to a rise in the demand from the fire protection clothing segment. Click here to subscribe Sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=1312 Attributed to superior properties as compared to other glass and carbon fiber and steel reinforcements, there has been a constant rise in the demand for basalt fibers. Only 1/10 th of basalt fibers is required as a reinforcing material to obtain the same strength as steel. Basalt fibers...