Recovery of glass fiber industry

In the spot market, the quotation of the mainstream varieties of glass fiber has entered the upward channel since September, and increased by about 7% at the beginning of December. The industry inventory has rapidly dropped to a historical low, and the glass fiber has ushered in a new round of recovery cycle.

Glass fiber is a kind of inorganic non-metallic material, which has the properties of light weight, high strength, high temperature resistance, corrosion resistance, heat insulation, sound absorption, electrical insulation and so on. It is usually used in the form of composite materials in the construction, electronic and electrical, automotive industry, aerospace, wind power generation and other industries. Among them, the demand for building materials, electronics and transportation is the strongest, accounting for 35%, 12% and 15% respectively.

Real estate, automobile, wind power, 5g applications and other fields will continue to rise, which will guarantee the demand of the industry

Automobile lightweight promotes the application of composite materials in automobile.

With the stricter carbon emission standards of various countries, automobile weight reduction has become an important means for automobile enterprises to meet the carbon emission standards. The new composite materials including glass fiber have high strength and light weight, and have wide application space in the automotive field.

The wind power installation in 2020 exceeds the expectation, and the rush to install in 2021 will continue to drive the demand for glass fiber.

As of December 2020, the cumulative value of wind power installed in China has reached 71.67 million kilowatts, up 178.44% year on year. Due to its light weight and high strength, glass fiber is widely used in the manufacture of wind turbine blades and engine hood.

5g application will drive the growth of PCB demand and benefit electronic yarn.

In the 5g era, the construction of related base stations, the demand for downstream Internet of things and the demand for replacement of consumer electronics will drive the growth of PCB demand. In addition, the intelligent driving of cars, especially the intelligent electric vehicles, will also promote the growth of PCB demand in the automotive field. The demand of PCB board will drive the demand growth of a kind of high-end glass fiber electronic yarn.