The Global Basalt Fibre Market was valued at US$ 64 Million in 2022 and is projected to reach US$ 113.8 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 8.6% during the forecast period (2023–2029). This robust growth is propelled by increasing demand from the construction and infrastructure sectors, the push for lightweight and high-strength composites in automotive and aerospace, and stringent fire safety regulations driving the adoption of non-combustible materials.

As industries globally seek durable, sustainable, and cost-effective alternatives to traditional materials like fiberglass and carbon fiber, basalt fibre is emerging as a superior solution. This volcanic rock-derived material offers exceptional mechanical properties, chemical resistance, and thermal stability. In this blog, we profile the Top 10 Companies in the Basalt Fibre Industry—a dynamic mix of established manufacturers and innovative producers shaping the future of advanced composites.

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🔟 1. Kamenny Vek

Headquarters: Moscow, Russia
Key Offering: Continuous basalt fibre, chopped strands, basalt fibre fabrics, and rebar

Kamenny Vek is a world-leading producer of continuous basalt fibre, operating one of the largest production facilities globally. The company leverages Russia’s rich basalt deposits to manufacture a wide range of high-performance products for construction, automotive, and industrial applications.

Innovation and Market Position:

• One of the largest global producers by volume

• Extensive R&D in basalt fibre composite applications

• Strong foothold in the European and Asian markets

Download FREE Sample Report: Basalt Fibre Market – View in Detailed Research Report

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9️⃣ 2. Zhejiang GBF Basalt Fibre Co., Ltd.

Headquarters: Jiaxing, Zhejiang, China
Key Offering: Basalt fibre roving, chopped fibre, mesh, and textiles

Zhejiang GBF is a prominent Chinese manufacturer with a significant market share in the Asia-Pacific region. The company focuses on producing high-quality basalt fibre products that meet international standards for strength, durability, and fire resistance.

Innovation and Market Position:

• Major supplier to the booming Asian construction industry

• Investments in scaling production capacity to meet growing demand

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8️⃣ 3. Technobasalt-Invest LLC

Headquarters: Kyiv, Ukraine
Key Offering: Basalt fibre materials, reinforcing grids, and composite materials

Technobasalt-Invest is a key European player specializing in the development and production of innovative basalt-based materials. The company’s products are widely used in road construction, tunnel lining, and soil stabilization projects.

Innovation and Market Position:

• Expertise in geotechnical and construction applications

• Strong export-oriented business model across Europe and North America

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7️⃣ 4. Mafic SA

Headquarters: Kells, Ireland
Key Offering: Continuous basalt fibre, thermoplastic compounds, and custom composites

Mafic SA operates state-of-the-art production facilities in Ireland and the United States. The company is recognized for its focus on producing basalt fibre for thermoplastic compounding, targeting the automotive and consumer goods industries for lightweighting solutions.

Innovation and Market Position:

• Pioneer in basalt fibre-reinforced thermoplastics

• Strategic partnerships with global automotive suppliers

Download FREE Sample Report: Basalt Fibre Market – View in Detailed Research Report

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6️⃣ 5. Basaltex

Headquarters: Wevelgem, Belgium
Key Offering: Basalt fibre fabrics, rovings, and custom weaves

Basaltex is a leading European weaver of basalt fibre fabrics, supplying the marine, transportation, and wind energy sectors. The company combines basalt fibres with various resin systems to create high-performance composite materials.

Innovation and Market Position:

• Specialization in technical textiles and fabric engineering

• Focus on sustainable and recyclable composite solutions

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5️⃣ 6. Sudaglass Fiber Technology Inc.

Headquarters: Houston, Texas, USA
Key Offering: Basalt fibre filaments, chopped fibres, and engineered materials

Sudaglass is a North American leader in basalt fibre technology, known for its patented production processes. The company’s products are used in a wide array of applications, from concrete reinforcement to ballistic protection.

Innovation and Market Position:

• Holds key patents for basalt fibre manufacturing processes

• Strong presence in the US infrastructure and defense sectors

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4️⃣ 7. Mudanjiang Basalt Fibre Co., Ltd. (Mudanjiang Electric)

Headquarters: Mudanjiang, Heilongjiang, China
Key Offering: Basalt continuous fibre, short cut fibre, and reinforced composites

As part of a larger industrial group, Mudanjiang Basalt Fibre leverages significant resources to produce high-volume, cost-competitive basalt fibre. The company is a major supplier within China’s domestic market and expanding internationally.

Innovation and Market Position:

• Large-scale production capabilities

• Focus on cost-efficiency for mass-market applications

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3️⃣ 8. Shanxi Basalt Fiber Technology Co., Ltd.

Headquarters: Taiyuan, Shanxi, China
Key Offering: Basalt fibre and its downstream products

Shanxi Basalt Fiber is a key Chinese manufacturer investing heavily in R&D to improve fibre quality and develop new applications. The company serves the construction, environmental protection, and automotive industries.

Innovation and Market Position:

• Active in developing new composite material formulations

• Growing export business to Southeast Asia and the Middle East

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2️⃣ 9. Jiangsu Tianlong Continuous Basalt Fiber High-tech Co., Ltd.

Headquarters: Lianyungang, Jiangsu, China
Key Offering: Continuous basalt fibre, fine yarn, and woven fabrics

Jiangsu Tianlong specializes in the production of high-grade continuous basalt fibre, focusing on precision and consistency for demanding technical applications in aerospace and electronics.

Innovation and Market Position:

• Emphasis on high-purity, high-performance fibre grades

• Supplying specialized sectors with stringent material specifications

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1️⃣ 10. Hebei Tonghui Basalt Fiber Products Co., Ltd.

Headquarters: Hengshui, Hebei, China
Key Offering: Basalt fibre rebar, geogrids, and chopped strands

Hebei Tonghui is a significant manufacturer focused on basalt fibre products for civil engineering and construction, particularly basalt fibre rebar (BFRP), which is corrosion-resistant and ideal for concrete reinforcement.

Innovation and Market Position:

• Leading producer of Basalt Fibre Reinforced Polymer (BFRP) rebar

• Strong distribution network within China’s massive infrastructure market

Read Full Report: Basalt Fibre Market – View in Detailed Research Report

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🌍 Outlook: The Future of Basalt Fibre Is Strong and Sustainable

The basalt fibre market is poised for significant expansion as it moves from a niche material to a mainstream alternative. While traditional materials still dominate, the industry is rapidly scaling production and developing new applications that leverage basalt fibre’s unique combination of performance, sustainability, and cost-effectiveness.

📈 Key Trends Shaping the Market:

• Accelerated adoption in green building and infrastructure projects for its durability and low environmental impact

• Growing use in the automotive and aerospace sectors for lightweighting to improve fuel efficiency and reduce emissions

• Increasing regulatory support for non-combustible materials in construction, driving demand for basalt-based fireproofing solutions

• Technological advancements leading to lower production costs and improved fibre quality, enhancing competitiveness

Read Full Report: Basalt Fibre Market – View in Detailed Research Report

The companies listed above are not only supplying a innovative material—they are building the foundation for a stronger, safer, and more sustainable future across global industries.