Chinese glass fiber will rule the roost in the world

With the development of market economy, the glass fibers are because it can replace the use of metallic materials are widely used in construction, transportation, electronics，Chemical industry, metallurgy, national defense, etc.,fiberglass chopped strand mat so as the needs of these industries continues to increase, fiberglass increasingly people's attention.

According to statistics in recent years indicate that the current global glass fiber industry developed slowly, for 10 years example, glass fiber production capacity is 4.715 million tons, is expected to produce 5.3 million tons this year, which is mainly fiberglass global business expansion plans the reason is very cautious.

From the global glass fiber consumption, global consumption is mainly concentrated in the developed countries, Europe is the world's largest consumer market of glass fiber in an amount of more than 35% of the global total, while the glass fiber chopped strand mat and imports accounted for more than 40% . The United States, Japan is also a major consumer countries, China is still relatively small.

Currently China glass fiber industry more rapid development, the current annual growth rate of about 20 percent, and China is now the world's largest producer of glass fiber, production accounts for more than 60% of global production, it has become a new oligarchy of international markets. But also from the historical point of view, the global glass fiber market has been a oligopoly market. The next, China oligopoly would be difficult to change.

From the profit margin is concerned, glass fiber gross profit foreign giants has remained at around 10 percent, according to forward-looking industry research data show that China glass fiber enterprises after years of development, the quality has reached the upper level, the gross margin has been maintained at between 25% -35%.

From the species, our glass fiber types still relatively small, relatively narrow range of applications, but also by the impact of this year decreased the level of global economic development, China's export levels of fiber glass, but good point is that China With the level of economic development and improvement of domestic demand continues to increase, offsetting the decline in exports caused by pressure.