Glass fiber has excellent properties such as light weight, high strength, high temperature resistance, corrosion resistance, heat insulation, sound absorption and electrical insulation. It is usually used in various industries as reinforcement after secondary processing. Glass fiber industry is a high-tech industry encouraged by the state and still a sunrise industry worldwide.
In recent years, the competition of Chinese enterprises in the field of glass fiber yarn has increased. By 2019, the proportion of China’s glass fiber output has increased to 65.88%. The growth rate of China’s glass fiber output is higher than that of the world. China has become the largest country in glass fiber production in the world.
As a commodity with global pricing, glass fiber has typical procyclical properties. If there is no great change in the relationship between glass fiber supply and demand, the glass fiber boom will continue for a considerable time under the condition that the world’s major economies continue their loose monetary policy. Looking to the demand side, the U.S. real estate market is picking up. Under the circumstances of strong sales and low inventory level, real estate development is expected to continue to be popular, which will drive the demand for glass fiber in buildings. In addition, the application of automotive lightweight composites in automobiles. Meanwhile, the installed capacity of wind power in 2020 exceeded expectations, and the rush to install in 2021 continued to drive the demand for glass fiber. Finally, 5g application will drive the growth of PCB demand and benefit electronic yarn.
In 2020, the growth rate of total output of glass fiber yarn will drop significantly compared with last year. Despite the novel coronavirus pneumonia epidemic has a major impact on the global economy, but thanks to the continuous improvement of the whole industry capacity regulation since 2019, and the timely recovery of the domestic demand market, there has not been a large scale of serious inventory backlog.
In the third quarter, with the rapid growth of wind power market demand and the gradual recovery of demand in infrastructure, household appliances, electronics and other fields, the supply and demand situation of glass fiber yarn market has fundamentally changed, and the prices of various varieties of glass fiber yarn have gradually entered a rapid upward channel
Post time: Jul-29-2021