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Basalt Fiber Market Summary The demand for basalt fiber has witnessed significant growth over the past couple of years, owing to the increasing demand for high-performance applications, particularly in the end-use industries such as automotive and aerospace &defense. The market for basalt fiber is expected to register a CAGR of 8.9% to reach USD 102.4 Million by 2024. Segment Analysis The basalt fiber market has been segmented based on form, product type, end-use industry, and region. Based on form, basalt fiber market has been divided into continuous and discrete. The continuous basalt fiber segment is projected to account for three-fourths of the Basalt Fiber Market . These fibers are widely used across the automotive and construction industries, as they are stronger and more environment-friendly than discrete basalt fiber. The demand of continuous basalt fibers in the electrical and electronic industry is expected to expand at a rapid pace during the forecast period. Furthermore