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 construction, transportation, electronics, electrical, chemical, metallurgy, environmental protection, national defense and other industries. Due to its wide application in many fields, glass fiber has been paid more and more attention by people. The world's largest glass fiber 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 glass fiber consumption, accounting for 35% of the global total.
The rapid development of China's glass fiber industry in recent years is driven by the domestic and foreign markets. The expansion of the international market is not only due to the growth of total demand, but also from the development space left for domestic companies in the international market after international companies withdrew from the industry due to low profit margins in the early stage; while the growth of the domestic market comes from downstream consumption. rapid development of the industry. After more than 50 years of development, China's glass fiber has become quite large.
In the long run, the strengthening and transformation of infrastructure in the Middle East and Asia-Pacific has increased the demand for glass fiber by a large amount. The outlook for the fiberglass industry remains positive. In addition, the application field of glass fiber has expanded to the wind power market, which may be a bright spot for the future development of glass fiber. The energy crisis has prompted countries to seek new energy sources, and wind energy has become a focus of attention. China has also begun to increase investment in the field of wind power. By 2020, China will invest 350 billion yuan in the field of wind power generation, of which about 20% (ie, 70 billion yuan) will need to use glass fibers (such as wind turbine blades, etc.). This is a big market for Chinese glass fiber enterprises.