Current situation of glass fiber industry

After years of development, China's glass fiber enterprises have reached the upstream level of product quality, and the proportion of deeply processed products has increased year by year. The gross profit margin of leading enterprises in China's glass fiber industry is between 25-35%, which is significantly higher than that of foreign giants by 10%. The world glass fiber industry has been an oligopoly for a long time. China, as a new force, is expected to occupy more than 60% of the world's share and become a new oligopoly in the international glass fiber market after an average annual capacity growth rate of more than 20% in recent years.
The rapid development of China's glass fiber industry in recent years is driven by the domestic and foreign markets. The expansion of the international market is due to both the growth of total demand and the development space left for domestic enterprises in the international market after international enterprises withdrew from the industry due to low profit margins in the early stage; The growth of the domestic market comes from the rapid development of downstream consumer industries. After more than 50 years of development, glass fiber in China has taken on a considerable scale.
Compared with the international market, the varieties and specifications of glass fiber products in China are few and the application scope is narrow. However, from another perspective, these situations also show that there is still a large amount of market space in China's glass fiber industry that has not been explored, especially in some application fields, many market segments have not even been developed. In the last few years of the 20th century, under the guidance of the development strategy of the National Building Materials Bureau in line with the requirements of marketization, the glass fiber industry has undergone gratifying changes in both the overall output and the output changes of various advanced glass fiber products. China's glass fiber industry started from the early days of reform and opening up. In 20 years, it has become the second largest producer of glass fiber products in the world, and its output growth rate is significantly faster than that of the world. In 1985, China's glass fiber output was only 71000 tons, barely accounting for 1/20 of the world's glass fiber output. However, after the 1990s, the glass fiber industry has progressed by leaps and bounds. When the world's glass fiber industry output stagnated and fell into a bottleneck in 2001-2003, China's glass fiber output still maintained a rapid growth momentum. In 2003, the annual output of 473000 tons had almost reached 1/5 of the world's glass fiber output, Achieve and overfulfil the goal of 380000~400000 tons of glass fiber annual output stipulated in the National Tenth Five Year Plan ahead of schedule. China's glass fiber industry belongs to an export-oriented structure, and the import and export have been growing in both directions. Especially with the vigorous development of the glass fiber industry, the import and export have maintained a rapid growth. In 2003, the export volume has reached 59.1% of the total output of glass fiber. The high proportion of imports and exports shows that China's glass fiber industry has fully integrated with the international glass fiber market, and the improvement of product output and quality has greatly enhanced the competitiveness of China's glass fiber industry in the international market. On the other hand, China's sustained and steady economic development has also increased the domestic demand for advanced glass fiber products from abroad. This healthy export-oriented structure leads to a virtuous circle. In the past, China's glass fiber industry has been in a deficit state, but the gap between exports and imports has been narrowing. In the first half of 2004, the trade surplus reached 59175500 US dollars for the first time, completely reversing the situation that imports exceeded exports in the entire industry
In 2006, the country produced 1.1607 million tons of glass fiber yarn, a year-on-year increase of 22.18%. The output of tank kiln is 891200 tons, accounting for 76.79% of the total production. The sales rate of glass fiber industrial products was 99.5%, an increase of 2.8 percentage points over the same period in 2005, and the inventory decreased. In 2006, the main business cost of the enterprise reached 23.744 billion yuan, with a year-on-year growth of 30.84%. The enterprise overcame the impact of rising raw material prices and achieved a new high profit level. In 2006, the industry achieved a total profit of 2.566 billion yuan, a year-on-year increase of 39.65%; The total profit and tax reached 3.685 billion yuan, up 43.53% year on year. In 2006, China's glass fiber industry earned foreign exchange of 1.18 billion US dollars through export, achieving a trade surplus of 451 million US dollars, and exported 7901 thousand tons of glass fiber and products, a year-on-year increase of 38.9%.
From January to November 2007, China's glass fiber and product manufacturing industry realized a total industrial output value of 37624527 thousand yuan, an increase of 38.07% over the same period of the previous year; The accumulated product sales revenue was 3656583900 yuan, an increase of 38.22% over the same period of the previous year; The total accumulated profit was 3541052000 yuan, an increase of 51.08% over the same period of the previous year.
Affected by the international financial crisis in 2008, the export situation of China's glass fiber is very serious. In the period when the international economic situation is sluggish and supply exceeds demand, it is necessary to accelerate the development and application of downstream products in the glass fiber industry to comply with the current national policy. Pay attention to the domestic demand for glass fiber yarn, expand domestic demand, and maintain the sustainable development of domestic economy.
In December 2011, China produced 310000 tons of glass fiber yarn, a year-on-year increase of 15.28%. From January to December 2011, the output of glass fiber in China reached 3.72 million tons, up 17.95% year on year.
From the output of provinces and cities, from January to December 2011, the output of glass fiber in Shandong reached 1.25 million tons, with a year-on-year growth of 18.79%, accounting for 33.67% of the total national output. Zhejiang, Chongqing and Sichuan followed closely, accounting for 19.95%, 11.49% and 9.66% of the total output respectively.
Because of this, the domestic excellent glass fiber industry manufacturers are paying more and more attention to the research of the industry market, especially the in-depth research of the enterprise development environment and customer demand trend changes. A large number of domestic excellent glass fiber enterprises are rising rapidly, and gradually become the leaders in the glass fiber industry.
In the long run, with the strengthening and transformation of infrastructure in the Middle East and the Asia Pacific region, the demand for glass fiber has increased significantly. With the continuous growth of global demand for glass fiber in glass fiber modified plastics, sports equipment, aerospace and other aspects, the prospects of the glass fiber industry are still optimistic. In addition, the application field of glass fiber has expanded to the wind power market, which may be a highlight of the future development of glass fiber. The energy crisis has prompted countries to seek new energy. Wind power has become a focus of attention today. China has also begun to increase its investment in wind power.