In recent years, the National Bureau of Statistics has included glass fiber and glass fiber products in the "Strategic Emerging Industries Classification" catalog. With policy support, my country's glass fiber industry will develop rapidly. In the long run, the strengthening and transformation of infrastructure in the Middle East and Asia-Pacific will increase the demand for glass fiber by a large amount. With the increasing global demand for glass fiber in glass fiber modified plastics, sports equipment, aerospace, etc., The prospect of glass fiber industry is optimistic.

Prices are at the bottom, inventories are falling for the first time, and future demand is expected to pick upThe market price of glass fiber bottomed out, and the price of electronic yarn rebounded. In the alkali-free yarn market, as of November 11, 2022, the average price of 2400tex winding direct

The global fiberglass market is estimated to grow from USD 11.5 billion in 2020 to USD 14.3 billion by 2025, at a CAGR of 4.5% from 2020 to 2025.Factors such as extensive use of fiberglass in the construction & infrastructure industry and the increased use of fiberglass composites in the automotive

The glass fiber market was valued at US$ 14,193.55 Mn in 2019 and is projected to be worth US$ 19,837.62 Mn by 2027, growing at a CAGR of 4.27% from 2019 to 2027.Glass fibers possess excellent corrosion resistance, higher stiffness and strength, and high tensile strength along with high-temperature

Factors such as extensive use of fiberglass in the construction & infrastructure industry and the increased use of fiberglass composites in the automotive industry are driving the growth of fiberglass market.