international market

Glass fiber is a very good substitute material for metal materials. With the rapid development of the market economy, glass fiber has become an essential raw material in industries such as construction, transportation, electronics, electrical, chemical, metallurgy, environmental protection, and national defense. Due to its widespread application in multiple fields, glass fibers are increasingly receiving attention from people. The major global producers and consumers of fiberglass are the United States, Europe, Japan, and other developed countries, with high per capita consumption of fiberglass. Europe is still the region where glass fiber is consumed, accounting for 35% of the global total usage.

Since 2008, glass fiber enterprises around the world have become more cautious about expanding production plans, and the growth of global glass fiber production capacity has been slow. In 2010, the global continuous glass fiber production capacity was 4.715 million tons, with an estimated 5.3 million tons.

domestic market

After years of development, China's glass fiber enterprises have reached an upstream level in product quality, and the proportion of deeply processed products has been increasing year by year. The gross profit margin of Chinese glass fiber industry enterprises ranges from 25% to 35%, significantly higher than the 10% gross profit margin of foreign giants. The world glass fiber industry has long been an oligopoly. As a new force, China, with an average annual production capacity growth rate of over 20% in recent years, is expected to occupy over 60% of the global market share and become a new oligopoly in the international glass fiber market.

The rapid development of China's fiberglass industry in recent years has been driven by both domestic and foreign markets. The expansion of the international market is driven by both the growth of total demand and the development space left for domestic enterprises in the international market after international enterprises withdrew from the industry due to low profit margins in the early stage; The growth of the domestic market is driven by the rapid development of downstream consumer industries. After more than 50 years of development, Chinese glass fiber has already taken on a considerable scale.