The Global Basalt Fibre Market was valued at USD 62.1 Million in 2024 and is projected to reach USD 117 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 9.7% during the forecast period (2024–2032). This robust growth is being driven by increasing demand for lightweight, high-strength materials in the construction and automotive sectors, stringent fire safety regulations, and the material’s superior environmental profile compared to traditional fibreglass and carbon fibre.

As industries worldwide pivot towards sustainable and high-performance composite solutions, the focus intensifies on the key manufacturers who are scaling production, driving innovation, and expanding the application horizons of basalt fibre. In this blog, we profile the Top 10 Companies in the Basalt Fibre Industry—a mix of established giants and innovative specialists shaping the future of this advanced material.

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🔟 1. Kamenny Vek

Headquarters: Moscow, Russia
Key Offering: Continuous Basalt Fibre (CBF), Chopped Strands, Basalt Fabrics

Kamenny Vek is the undisputed global leader in the basalt fibre market, holding an estimated 22% market share. The company benefits from its strategic location in Russia, which accounts for 37% of global basalt resources. Its vertically integrated operations, from raw material mining to fibre production, provide a significant cost advantage and ensure consistent quality control.

Innovation Initiatives:

• Pioneering large-scale continuous basalt fibre production

• Developing specialized fibre grades for automotive and aerospace applications

• Expanding production capacity to meet growing international demand

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, Basalt Geogrids

As a leading producer in China, which holds a 28% share of the global market, Zhejiang GBF has capitalized on the country’s massive construction and infrastructure boom. The company specializes in a wide range of basalt fibre products tailored for concrete reinforcement, road construction, and composite materials.

Innovation Initiatives:

• Focus on cost-effective production for high-volume construction applications

• Strong R&D in basalt fibre reinforced polymers (BFRP) for civil engineering

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8️⃣ 3. Technobasalt-Invest LLC

Headquarters: Kiev, Ukraine
Key Offering: Continuous and Discrete Basalt Fibres, Basalt Rebar, Basalt Mesh

Technobasalt-Invest is a key player in Eastern Europe, leveraging the region’s rich basalt deposits. The company is renowned for its high-quality basalt rebar, which is increasingly specified as a non-corrosive alternative to steel in concrete structures, particularly in harsh environments.

Innovation Initiatives:

• Leading innovator in basalt rebar technology and applications

• Development of fireproof and heat-insulation materials using basalt fibres

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7️⃣ 4. Basaltex NV

Headquarters: Wevelgem, Belgium
Key Offering: Basalt Fibre Fabrics, Non-wovens, Thermoplastic Composites

Basaltex is a prominent European manufacturer focusing on high-value applications in automotive, marine, and wind energy sectors. The company produces a variety of woven fabrics and non-wovens that are used as reinforcements in composite materials, prized for their excellent mechanical properties and thermal stability.

Innovation Initiatives:

• Development of tailored basalt fabric weaves for specific composite manufacturing processes

• Strong focus on sustainability and recycling of basalt composites

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

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6️⃣ 5. Mafic SA

Headquarters: Dublin, Ireland (Production in North Carolina, USA)
Key Offering: Continuous Basalt Fibre, Hybrid Yarns, Custom Composite Solutions

Mafic SA is a rapidly growing player with a significant presence in the North American and European markets. The company operates one of the largest basalt fibre production facilities in the Western Hemisphere and is known for its focus on hybrid composites that combine basalt with other fibres for enhanced performance.

Innovation Initiatives:

• Strategic expansion into the North American automotive and construction markets

• Investment in hybrid fibre technologies for specialized industrial applications

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5️⃣ 6. Sudaglass Fiber Technology Inc.

Headquarters: Houston, Texas, USA
Key Offering: Basalt Fibre Roving, Chopped Fibre, Basalt Powder

Sudaglass is a key North American manufacturer, supplying basalt fibres for a diverse range of applications from concrete reinforcement to automotive parts. The company has been instrumental in promoting basalt fibre adoption in the US market through technical support and application development.

Innovation Initiatives:

• Focus on developing basalt fibre applications for the North American construction industry

• Production of basalt microfibers for specialized composite and filtration uses

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4️⃣ 7. Sichuan Aerospace Tuoxin Basalt Industrial Co.

Headquarters: Chengdu, Sichuan, China
Key Offering: Aerospace-Grade Basalt Fibre, High-Strength Roving, Fireproof Materials

As part of the aerospace industry conglomerate, this company focuses on producing high-performance basalt fibres for demanding applications in aerospace, defense, and high-tech industries. Their products are characterized by exceptional purity and consistent mechanical properties.

Innovation Initiatives:

• R&D focused on meeting stringent aerospace material specifications

• Development of basalt fibres for ballistic protection and thermal management systems

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3️⃣ 8. Jiangsu Tianlong Continuous Basalt Fiber Co., Ltd.

Headquarters: Lianyungang, Jiangsu, China
Key Offering: Continuous Basalt Fibre, Basalt Fabric, Basalt Sewing Thread

Jiangsu Tianlong is a significant Chinese producer with a strong focus on continuous basalt fibre production. The company supplies fibres for a wide array of applications, including filtration, electronics, and composite reinforcement, leveraging China’s manufacturing ecosystem.

Innovation Initiatives:

• Expansion of continuous filament production capacity to serve global markets

• Development of specialized basalt products for the electronics and electrical industries

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2️⃣ 9. Meltrock AS

Headquarters: Oslo, Norway
Key Offering: High-Performance Basalt Fibres, Offshore-Grade Composites

Meltrock is a European specialist in high-end basalt fibre products, particularly for the marine and offshore energy sectors. The company’s fibres are engineered to withstand the corrosive effects of seawater and harsh weather conditions, making them ideal for offshore wind farms and marine structures.

Innovation Initiatives:

• Specialization in corrosion-resistant composites for offshore and marine applications

• Research into basalt fibre applications for renewable energy infrastructure

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

Headquarters: Hengshui, Hebei, China
Key Offering: Basalt Rebar, Basalt Geogrid, Basalt Chopped Strand

Hebei Tonghui is a major Chinese manufacturer specializing in basalt fibre products for construction and infrastructure. The company is a key supplier of basalt rebar and geogrids used in road construction, slope stabilization, and concrete reinforcement projects across Asia.

Innovation Initiatives:

• Focus on cost-competitive basalt rebar for mass construction projects

• Development of integrated solutions for infrastructure reinforcement

Get Full Report Here: Basalt Fibre Market – View in Detailed Research Report

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🌍 Outlook: The Future of Basalt Fibre Is Stronger and Greener

The basalt fibre market is undergoing a significant transformation. While traditional materials like fibreglass still dominate in volume, the industry is rapidly adopting basalt fibre for its superior performance, durability, and environmental benefits. Investment in production technology is steadily reducing costs, making basalt fibre increasingly competitive.

📈 Key Trends Shaping the Market:

• Rapid capacity expansion in China and Eastern Europe to meet global demand

• Growing regulatory push for non-corrosive and fire-resistant construction materials

• Increasing adoption in automotive lightweighting for improved fuel efficiency

• Development of hybrid composites combining basalt with carbon or aramid fibres for specialized applications

Get Full Report Here: Basalt Fibre Market – View in Detailed Research Report

The companies listed above are not only producing a superior material—they’re enabling the sustainable advancement of multiple industries, from construction to aerospace.