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Comparison of glassfiber market development in 2022
 June 26, 2022
The production capacity growth of glass fiber enterprises in Europe and the United States has slowed down, and the domestic glass fiber industry is booming
 
Overseas glass fiber enterprises have been developing for decades. By virtue of continuous enhancement of independent innovation capabilities and increased investment in technology research and development, Chinese glass fiber enterprises have significantly surpassed foreign enterprises in terms of production technology and technical level. Chinese enterprises represented by China Jushi are even more It is in a leading position in the core technical fields of large-scale kiln construction, large leakage plate processing, pure oxygen combustion, infiltrating agent and glass formulation.
 
 
The global fiberglass composite market is expected to reach $108 billion in 2022, with an annual growth rate of 8.5%, and the industry is in an overall upward period. The domestic glass fiber market exceeds 100 billion yuan. In 2021, the main business income of China's glass fiber industry will reach 124.4 billion yuan.

The current market pattern is that the production capacity growth of glass fiber enterprises in Europe and the United States has slowed down, and the domestic glass fiber industry is booming. In 2021, my country's total domestic glass fiber production capacity will be 6.24 million tons, accounting for more than 60% of the global total. China has become the world's largest fiber glass manufacturer.