Glass fiber industry status

- Oct 15, 2019-

International market

Glass fiber is a very good substitute for metal materials. With the rapid development of the market economy, glass fiber has become an indispensable raw material for the construction, transportation, electronics, electrical, chemical, metallurgical, environmental protection, national defense and other industries. Due to its wide application in many fields, glass fiber has received increasing attention. The global fiberglass production and consumption countries are mainly developed countries such as the United States, Europe, and Japan, and their per capita glass fiber consumption is relatively high. Europe remains the largest region for fiberglass consumption, accounting for 35% of total global use.

Since 2008, fiberglass companies around the world have become more cautious about expansion plans, and the world's fiberglass production capacity has grown slowly. In 2010, the global continuous glass fiber production capacity was 4.715 million tons, which is expected to be 5.3 million tons this year.

Domestic market

After years of development, China's glass fiber enterprises have been at the upstream level, and the proportion of deep-processed products has increased year by year. The gross profit margin of leading companies in China's glass fiber industry is between 25-35%, which is significantly higher than the gross margin of foreign giants of 10%. The world glass fiber industry has long been an oligopolistic pattern. As a new force, China has experienced an annual growth rate of more than 20% in recent years. It is expected to occupy more than 60% of the world this year and become a new international fiberglass market. Oligarch.

The rapid development of China's glass fiber industry in recent years has driven the domestic and foreign markets. The expansion of the international market has both the factors of total demand growth and the development space left by domestic enterprises in the international market after the international enterprises have withdrawn from the industry due to low profit margins. The growth of the domestic market is from downstream consumption. The rapid development of the industry. After more than 50 years of development, China's glass fiber has been quite large.

Compared with the international market, China's glass fiber products have few varieties and specifications, and the application range is narrow. However, these situations also indicate from another angle that China's glass fiber industry still has a large amount of market space that has not been tapped, especially in some application fields, and many market segments have not even been developed at all.