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 (2025–2032). This robust growth is primarily fueled by the escalating demand for lightweight, high-strength composites in 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 sustainability and enhanced material performance, basalt fibre emerges as a key enabler for next-generation applications. In this blog, we profile the Top 10 Companies in the Basalt Fibre Industry—a dynamic mix of established mineral processors, innovative composite specialists, and global manufacturers shaping the future of advanced materials.

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🔟 1. Kamenny Vek

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

Kamenny Vek is the world’s leading producer of continuous basalt fibre, commanding an estimated 22% of the global market share. The company operates one of the largest integrated production facilities, leveraging Russia’s abundant basalt rock resources. Its products are integral to construction, automotive, and pipeline reinforcement applications across Europe and Asia.

Innovation & Sustainability Initiatives:

• Pioneering large-scale continuous filament production technology

• Developing specialized basalt fibre grades for high-temperature applications

• Expanding production capacity to meet growing global demand

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

Headquarters: Jiaxing, Zhejiang, China
Key Offering: Basalt Fibre Roving, Chopped Fibres, Basalt Geogrids

As a major player in the Asia-Pacific region, Zhejiang GBF has capitalized on China’s massive infrastructure development. The company supplies basalt fibre for concrete reinforcement, road construction, and industrial composites, holding a significant portion of the 28% Chinese market share.

Innovation & Sustainability Initiatives:

• Focus on cost-effective production for price-sensitive markets

• Expanding product portfolio for civil engineering applications

• Strategic partnerships with construction material distributors

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8️⃣ 3. Technobasalt-Invest LLC

Headquarters: Kyiv, Ukraine
Key Offering: Basalt Rebar, Basalt Fibre Materials, Composite Solutions

Technobasalt-Invest is a key European manufacturer specializing in basalt fibre reinforced polymers (BFRP) and rebar. The company has developed advanced composite solutions for infrastructure projects, particularly in corrosion-resistant applications for bridges and marine structures.

Innovation & Sustainability Initiatives:

• Development of high-strength basalt rebar for concrete reinforcement

• Research into hybrid basalt composites for specialized applications

• Focus on sustainable construction material solutions

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7️⃣ 4. Basaltex NV

Headquarters: Wevelgem, Belgium
Key Offering: Basalt Fibre Textiles, Thermoplastic Composites, Technical Fabrics

Basaltex is a European leader in basalt fibre textiles and composite materials, serving automotive, aerospace, and industrial sectors. The company focuses on high-value applications where basalt’s thermal and mechanical properties provide significant advantages over traditional materials.

Innovation & Sustainability Initiatives:

• Development of flame-retardant basalt composites for transportation

• Specialized weaving techniques for enhanced fabric performance

• Collaboration with automotive OEMs on lightweight component solutions

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6️⃣ 5. Mafic SA

Headquarters: Kells, Ireland
Key Offering: Continuous Basalt Fibre, Hybrid Composites, Custom Formulations

Mafic operates one of the most technologically advanced basalt fibre production facilities outside of Russia and China. The company has positioned itself as a premium supplier to North American and European markets, with a strong focus on quality consistency and technical customer support.

Innovation & Sustainability Initiatives:

• Proprietary manufacturing process for superior fibre quality

• Expansion into North American market through strategic partnerships

• Development of basalt-carbon hybrid composites for premium applications

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5️⃣ 6. Sudaglass Fiber Technology Inc.

Headquarters: Houston, Texas, USA
Key Offering: Basalt Fibre Products, Industrial Composites, Technical Fibres

As a North American pioneer, Sudaglass has been instrumental in introducing basalt fibre technology to the North and South American markets. The company supplies various industries, including automotive, marine, and construction, with a focus on customized solutions.

Innovation & Sustainability Initiatives:

• Focus on developing basalt fibre applications for the Western Hemisphere

• Technical consulting services for composite material selection

• Expansion of product lines for specific industrial needs

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4️⃣ 7. Jiangsu Tianlong Continuous Basalt Fiber Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: Continuous Basalt Fibre, Basalt yarn, Reinforcing Materials

Jiangsu Tianlong is a significant Chinese manufacturer with substantial production capacity for continuous basalt fibre. The company serves both domestic infrastructure projects and international markets, particularly in Asia and the Middle East.

Innovation & Sustainability Initiatives:

• Continuous improvement in fibre production efficiency

• Development of specialized basalt products for construction sector

• Expansion of export markets through quality certifications

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

Headquarters: Taiyuan, Shanxi, China
Key Offering: Basalt Fibre Materials, Composite Products, Industrial Textiles

Shanxi Basalt Fiber Technology has established itself as a key regional player in China’s growing basalt fibre market. The company leverages local basalt resources and focuses on cost-effective production for large-scale infrastructure applications.

Innovation & Sustainability Initiatives:

• Integration of local basalt resources into production流程

• Development of application-specific basalt fibre products

• Focus on meeting domestic infrastructure material demands

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2️⃣ 9. Russkaya Basaltovaya Kompaniya (Zaomineral)

Headquarters: Moscow, Russia
Key Offering: Basalt Fibre Products, Construction Materials, Industrial Composites

As part of Russia’s significant presence in the global basalt fibre market (37% share), Zaomineral contributes to the country’s leadership position. The company focuses on both domestic applications and expanding its footprint in international markets.

Innovation & Sustainability Initiatives:

• Utilization of Russia’s extensive basalt deposits

• Development of basalt fibre solutions for harsh climate applications

• Expansion of product range for diverse industrial uses

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1️⃣ 10. Sichuan Aerospace Tuoxin Basalt Industrial Co., Ltd.

Headquarters: Chengdu, Sichuan, China
Key Offering: Aerospace-grade Basalt Fibre, High-performance Composites, Technical Textiles

Sichuan Aerospace Tuoxin represents the convergence of basalt fibre technology with high-performance aerospace applications. The company develops specialized basalt composites that meet stringent aviation and defense industry standards.

Innovation & Sustainability Initiatives:

• Development of basalt fibre composites for aerospace applications

• Focus on high-performance material specifications

• Collaboration with defense and aviation sectors

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

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🌍 Outlook: The Future of Basalt Fibre Is Sustainable and High-Performance

The basalt fibre market is experiencing a paradigm shift as industries increasingly prioritize sustainability without compromising performance. While traditional materials still dominate certain segments, the industry is witnessing significant investments in advanced manufacturing technologies, application development, and global supply chain expansion.

📈 Key Trends Shaping the Market:

• Rapid capacity expansion in China and strategic diversification beyond Russia

• Increasing regulatory support for sustainable construction materials globally

• Advancements in hybrid composite technologies combining basalt with other fibres

• Growing adoption in renewable energy applications, particularly wind turbine blades

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

The companies profiled above are not only manufacturing advanced materials—they’re enabling the sustainable transformation of multiple industries through innovative composite solutions.