The fiberglass market is highly concentrated, and the competitive advantages of leading companies are constantly expanding.

Glass fiber (referred to as fiberglass) refers to an inorganic non-metallic material made from pyrophyllite, kaolin, etc. as raw materials through high-temperature melting, drawing, drying, winding, and raw yarn reprocessing. Glass fiber is a new material with superior performance, and it is also a new material that my country encourages its development. In recent years, with the continued favorable national policies and the improvement of corporate research and development capabilities, the scale of the glass fiber industry has gradually expanded.

According to the “2021-2025 China fiberglass industry development status and industrial transformation strategy in-depth analysis and research report released by the Industrial Research Center It shows that in 2020, the COVID-19 epidemic had a major impact on the global economy, but despite this, the output of my country’s fiberglass industry still achieved growth. The total output in 2020 reached about 5.43 million tons, a year-on-year increase of 2.6%, and the growth rate was compared with 2019. The decline is obvious. As of the end of October 2021, my country’s fiberglass industry has an ongoing production capacity of 5.84 million tons, and the overseas production capacity of domestic enterprises has reached 400,000 tons.

The fiberglass market is highly concentrated and its global leading position is relatively stable. In the international market, leading companies have improved their competitiveness and market share by expanding production, optimizing production processes, and reducing production costs, such as OC in the United States and Japan. NEG, Taishan Fiberglass, China Jushi, Chongqing International, American JM and other companies. my country is the main driving force for the growth of the global fiberglass market, and the growth rate of the domestic fiberglass market is higher than the global average.

Glass fiber has the advantages of light weight, high strength, and high mechanical strength. It has a wide range of downstream applications, involving electronic appliances, new energy vehicles, wind power, 5G, transportation and other fields. The downstream market demand is broad. my country is a major fiberglass producer in the world. In recent years, under the guidance of national policies, the structure of the fiberglass industry has accelerated, and the industry has gradually evolved towards green, intelligent, international, high-end and differentiated industries.

From the perspective of market segments, according to different ingredients, glass fiber can be divided into alkali-free glass fiber, medium-alkali glass fiber, high-alkali glass fiber and alkali-resistant glass fiber. Among them, alkali-free glass fiber is the mainstream product in the market, with a production capacity of About 95.4%; according to the diameter of the single filament, glass fiber is divided into three types: roving, spun yarn and electronic fiberglass yarn. Among them, the roving market share is higher, reaching more than 70%. However, with the optimization of the glass fiber industry structure, the roving market share The market share of high value-added products such as electronic fiberglass yarn and spun yarn has increased.

Industry analysts said that glass fiber has excellent comprehensive properties and a wide range of downstream applications. In recent years, with the development of my country’s photovoltaic, wind power, and electronic With the development of electrical appliances and other industries, the market demand for fiberglass is gradually released, and the scale of the industry continues to expand. The fiberglass market is highly concentrated. With the upgrading of market demand and the active layout of leading companies, the structure of the fiberglass industry will continue to be optimized, and development trends such as industry greenness, intelligence, internationalization, high-end and differentiation will become more obvious. .