Basalt fibers have a great potential to be the next generation materials. The global basalt fiber market is estimated to grow at a CAGR of 13.1% from 2015 to 2020 due to their extended and successful use in infrastructure, automotive industry and consumer applications.
At the estimated growth rate, the market is expected to be worth $200 million by 2020. Comprised of single-ingredient raw material melt, basalt fibers are superior to other fibers in terms of thermal stability, heat and sound insulation properties, vibration resistance and durability. Basalt fibers and composites have potential advantages for various applications.
Basalt fibres is considered as environment friendly and non-hazardous materials. It is not a new material, but its applications are surely innovative and its good mechanical, chemical and thermal performance has made its use possible in a wide range from building and construction to energy efficiency, from automotive to aeronautic. Hence, basalt has gained increasing attention as a reinforcement material especially compared to traditional glass fibres.
Hafsa Jamshaid, Department of Fabric Manufacturing, National Textile University, Pakistan
Terms: Composite market