Broad Prospects for China's Glass Fiber Market

With the development of market economy, glass fiber is widely used in construction, transportation, electronic, chemical industry, metallurgy and national defense because it can replace metal materials. Therefore, as the increasing demand of the above industries, glass fiber is being paid attention by people day by day.

According to some data, the current global glass fiber industry develops slowly. For example, within 10 years, the production capacity of glass fiber is 4.715 million tons. It is expected that it can produce 5.3 million tons this year, which mainly is because the world's glass fiber enterprises are wary of the expansion plan.

From the consumption of global glass fiber, global consumption countries are mainly concentrated in the developed countries, and the European is the world's largest consumer market of glass fiber, whose consumption has been more than 35% of the global total amounts. The United States and Japan are also the main consumption countries, but China's been consuming less relatively.

At present, the development of glass fiber industry is rapid in China, whose annual growth rate can reach around 20% every year. What’s more, China is now the world's largest glass fiber producer whose production accounts for more than 60% of the global production, and has become a new oligopoly in the international market. And historically, the global glass fiber market has always been an oligopoly market. In the future, we can expect that it will be difficult to change China's oligopoly situation.

From the profit margin, the glass fibers gross margin of foreign giants still remains at about 10%, and some data show that China's glass fiber enterprises’ product quality has reached a hierarchical levels after years of development, and the gross margin has remained between 25% - 35%.

From the aspect of types, our glass fiber types are relatively few, and the application scope is also narrow. China's glass fiber export levels affected by the global economy level of development, tend to decline this year, but the good thing is that China increases the domestic demand with the improvement of level of economic development, which offsets for the pressure from the falling exports.

As domestic glass fiber enterprises pay more attention to market research industry, there is a large market space of glass fiber industries in China that have not been exploited. Especially in some application areas, there are many untapped market segments, which lays certain foundation for the upgrade of glass fiber enterprises in our country in the future. At iAbrasive.com, there are two great fiberglass products manufacturers: Zhengzhou Zhongyu Metallic Materials Co. Ltd. and Nantong Huixin Glass Fiber Co., Ltd., which not only can supply a large amount of fiberglass products but also offer professional and sincere services. With the rapid rise of these domestic excellent enterprises, China will become one of leaders of glass fiber market.