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Analysis of the development of China's glass fiber industry in 2018

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The data show that in 2016, the total output of glass fiber was 3.62 million tons, of which the output of pool kilns was 3.4 million tons, accounting for 93.92% of the total output of glass fiber. Judging from the current technological development trend of China's glass fiber industry, it is expected that in 2017, the proportion of production of pool kiln yarn will be further increased to 94.5% and the output will reach 3.78 million tons.

Glass Fiber Industry Market Scale: Steadily Increasing Year by Year

In recent years, with the continuous increase in the demand for glass fiber, and the continuous expansion of the three leading companies such as Jushi, Taishan, and Chongqing, China’s glass fiber production has been rising steadily, and the market scale has also achieved steady growth year by year. The data show that 2012 In 2005, the sales revenue of China's glass fiber industry was 106 billion yuan, rising to 172.5 billion yuan in 2016, and the compound growth rate for 2012-2016 was 12.95%. Forward-looking According to the development trend of the glass fiber industry, and 2017, the industrial market scale will reach 190.6 billion yuan, a year-on-year increase of 10.50%.

Glass fiber industry applications: construction, electrical and electronic, traffic accounts for more than 70

In recent years, the development of glass fiber reinforced thermoplastic materials has been rapid, and new types of products such as glass fiber reinforced building materials, short fibers and long-fiber direct reinforcing materials have become a new bright spot in the development of the glass fiber industry. Glass fiber applications have grown from building materials, electronic appliances, and rail transit. Traditional industries such as petrochemicals and automobile manufacturing have expanded into emerging fields such as aerospace, wind power generation, filter dust removal, environmental engineering, and ocean engineering. At present, in the glass fiber consumer market in China, the main applications of glass fiber are concentrated in the fields of construction, electronics, transportation, pipelines, industrial applications, and new energy and environmental protection, accounting for 34%, 21%, and 16% respectively. 12%, 10% and 7%. Among them, the three major areas of construction, electronics, and transportation accounted for more than 70%.

In 2017, the production of glass fiber was limited to environmental protection, and the price of major chemical raw materials and energy has continued to rise since the second half of the year. Domestic glass fiber companies have focused on raising prices at the end of 2017, among which the price adjustment statement issued by China’s Boulders stated that the company’s decision to increase the sales price of all fiberglass products by more than 6% since January 1, 2018, is valid until March 31, 2018. Chongqing International decided to increase the price of all fiberglass roving products by 5% from January 1, 2018. In addition, Weiyuan Neihua, Shandong Fiberglass, Sichuan Weibo, etc. have also carried out price increases.

At the same time, price increases, giant companies have also announced the expansion of production news: December 24, China's Jushi new material intelligent manufacturing base started, the base a total investment of over 10 billion yuan, is expected to be completed and put into operation in 2022. The new base will build 450,000 tons of roving production lines and 180,000 tons of spun yarn production lines.

On December 29, Sinoma Technology, which controls Taishan Fiberglass, also announced that it plans to invest more than RMB 1.2 billion in Sunshan Fiberglass Foundation's investment in the construction of three projects to promote product structure adjustment, extend the industrial chain, and achieve transformation and upgrading.

It is worth noting that on December 19th, China’s Boulders announced that due to the existence of a certain overlap in the sales of glass fiber and its products between China’s Jushi and Sinoma Technology, its actual controller, CNBM, has launched a controlling shareholder in China Building Materials. The integration plan with Sinoma shares. The merger of the two will not only greatly increase the concentration of the domestic fiberglass industry, but will also increase the global voice of the Chinese fiberglass industry.

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