Future Market of Glass Fiber Industry to Greet New Opportunities

Glass fiber is widely used in building material, petrochemical, automobile, printed circuit boards, wind-power blades, electrical and electronic, new energy and other fields, whose demand growth has the synchronicity with macro economy.

Since 2014, as the economy of United States and European Union improve further, the growth trend of overseas glass fiber market has been more obvious. It is estimated that  the global demand compound growth rate for glass fiber will be around 6% from 2015 to 2019; But under the demand of wind power and transportation, the domestic demand growth for glass fiber is higher and in the next five year, its compound growth rate can reach 8-10%. Zhengzhou Zhongyu Metallic Materials Co. Ltd. and Nantong Huixin Glass Fiber Co., Ltd. as professional manufacturers of glass fiber products will surely enjoy brighter prospects.

At present, the market condition has improved. On the one hand, the demand of the downstream wind power, thermoplastic and other applications have rapidly increased, and on the other hand, it also benefits from effective control for early production and optimization and adjustment of product structure, which avoid the homogeneous competition. But the application market of current downstream industry does not greet full recovery. Although the market of wind power and thermoplastic have recovered quickly, the transformation and adjustment of automobile, shipbuilding, petrochemical, construction, electronic communications and other industries are still in progress.

Therefore, the industry needs to continue to control the rapid growth of production capacity on the one hand, to fight another round of relative excess capacity, and on the other hand, we should also follow up the transformation and adjustment of the downstream industry in time to make great market research and product upgrading.

In the first half of this year, the main business income of glass fiber industry is 71.5 billion RMB, up 8.65% from a year earlier. The main business cost is 50.7 billion RMB, with year-on-year growth of 7.41%; The total profit is 4.76 billion RMB, and has 26.39% year-on-year growth. There are s steady rise in demand, moderately tight supply and demand, and rising steadily prices, which drive the profits of the whole industry soaring.