Glass fiber industry boom good orientation in future market opportunities
Glass is widely used in building materials, petrochemicals, automobiles, printed circuit boards, wind turbine blades, electrical and electronics, new energy and other fields, demand growth and macroeconomic synchronization. Since 2014, along with the United States and the European Union economies have improved further, clear fiberglass market growth trends overseas, 2015-2019 expected growth in global demand for glass fiber composite at around 6% and driven by wind power, transportation and other needs, growth in domestic demand for glass fiber high is forecast for the future five-year compound growth rates of 8~10%. At present, the market situation improves, thanks to the wind and raw materials on the one hand, thermoplastics for applications such as needs rapid promotion, on the other hand thanks to early capacity to effectively control and optimization of products structure adjustment to avoid the homogenization of competition. However, composite materials and raw materials industry application market is not fully recovered, in the wind, rapid warming of thermoplastic products market at the same time, automobile, shipbuilding, petrochemical, construction, telecommunications and other industries in transition adjustment is still underway. Therefore, the industry will continue to control capacity growth to prevent a new round of relative surplus production capacity, will also have to follow up and downstream industries in transition adjustment, do market research and product upgrades.
Steady growth in prices, growth of industry. First half of the year, glass fiber industry sales of 71.5 billion yuan, an increase of 8.65%; cost of 50.7 billion yuan, an increase of 7.41%; total profit of 4.76 billion yuan, rose as high as 26.39%. Steady growth in market demand, a moderately tight supply and demand, price has increased, driven industry profits soared. Composites industry as one of the most important international event, sponsored by the China jushi international annual meeting has grown into a global composite glass fiber industry enterprise's high-level exchange platform, set the latest market research, industry leading edge dynamic exchanges at home and abroad, the Hi-Tech Forum and the construction of new product announcements, industry self-regulatory environment industry event, to some extent became a bellwether of global glass fiber industry development. Cold repair effects of new capacity is limited, slowdown of global glass fiber supply Pattern of global glass fiber industry oligopoly, the six largest manufacturers 70% per cent of the global production capacity, domestic glass production accounting for about 60%. 2-3 years in the future, global new capacity is limited, mostly based in China; Domestic glass production line into the cold peaks, less supply shocks. Industry boom of the uncertainty from domestic enterprises put off good cold programme, resulting in relative concentration of 15-16 year of release, but considering the cooling effect, little new supply shocks.
Source:http://www.zesfoamglass.com/
