18 Jul, 2022 By Johny 2 Comments
Global and Chinese Glass Fiber industry market data forecast analysis in 2022
China Business Intelligence Network News: China is the world’s largest producer of Glass Fiber. Glass Fiber has many advantages, such as high strength and light weight, corrosion resistance, high temperature resistance, and good electrical insulation performance. It is one of the commonly used composite materials. Glass Fiber yarn is made of glass balls or waste glass through high temperature melting, wire drawing, winding, weaving and other processes.
Global Glass Fiber downstream demand
Because Glass Fiber composite materials have the characteristics of stable structure, light weight and high strength, good insulation performance, energy saving and heat preservation, shock absorption, fatigue resistance, corrosion resistance, convenient molding and processing, etc., Glass Fiber is widely used in wind power blades, automobile manufacturing, rail transit , electronic communications, household appliances, building materials, industrial tanks, aerospace and other fields have a wide range of applications. In 2020, the global downstream demand for Glass Fiber raw yarns will account for 35%, 29%, 15%, 12%, and 9% of building materials, transportation, electronic appliances, industrial equipment, and energy and environmental protection, respectively.
China’s glass fiber yarn production
At present, China has become the largest country in the world in terms of production capacity of Glass Fiber raw yarn, and its production capacity, technology and product structure are all at the world’s leading level. According to the data of China Glass Fiber Industry Association, thanks to the continuous development and growth of the domestic demand market, the production capacity and output of Glass Fiber yarn have maintained steady growth. The total output of Glass Fiber yarn in 2021 is 6.24 million tons, a year-on-year increase of 15.3%, and the compound annual growth rate from 2016 to 2021 is 10.57%. With the continuous advancement of new digital infrastructure such as 5G networks and data centers, new technologies such as the Internet of Things, cloud computing, and artificial intelligence continue to penetrate into traditional industries. The demand for printed circuit boards and upstream electronic-grade Fiberglass cloth continues to increase. It is estimated that the output of Glass Fiber yarn in my country will reach about 7.07 million tons in 2022.