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BEIHAI YUEDA FRP PRODUCTS
Alternative materials to metal - fiberglass
Release time:
2019/09/02
With the rapid development of the market economy, fiberglass has become an ideal substitute for metal materials. Currently, fiberglass is an essential raw material in industries such as construction, transportation, electronics, electrical engineering, chemical industry, metallurgy, environmental protection, and national defense. As a result, fiberglass is receiving increasing attention. The major producers and consumers of fiberglass globally are developed countries and regions such as the United States, Europe, and Japan, which have a high per capita consumption of fiberglass. Europe remains the largest region for fiberglass consumption, accounting for 35% of the global total. The rapid development of China's fiberglass industry in recent years has been driven by both domestic and international market demand.
With the rapid development of the market economy, fiberglass has become an ideal substitute for metal materials. Fiberglass is now an essential raw material in industries such as construction, transportation, electronics, electrical engineering, chemical industry, metallurgy, environmental protection, and national defense, thus it is increasingly gaining attention. The major countries and regions producing and consuming fiberglass globally are developed countries such as the United States, Europe, and Japan, which have a high per capita consumption of fiberglass. Europe remains the largest region for fiberglass consumption, accounting for 35% of the total global usage.
The rapid development of China's fiberglass industry in recent years has been driven by both domestic and international market demand. The expansion of the international market is influenced by both the growth in total demand and the space left for domestic companies in the international market after international enterprises exited the industry due to lower profit margins. The Chinese fiberglass industry and companies have seized this historical opportunity well, achieving rapid development. After more than 50 years of development, the domestic fiberglass industry has become quite substantial, with strong and competitive companies such as Jushi Group emerging.2008In the year, Chinese companies achieved a new breakthrough, becoming the world's largest producer of fiberglass.
The fastest development phase of China's fiberglass industry was during the "11th Five-Year Plan" period,2007In the year, China's fiberglass production reached160ten thousand tons. The expansion of China's fiberglass industry's production capacity has benefited from the global market's growing demand for fiberglass, as well as strong support from significant achievements in domestic technological innovation and progress. The advanced alkali-free pool kiln drawing technology during the "11th Five-Year Plan" accelerated the scaling process of enterprises, with numerous fiberglass companies across the country.200There are several pool kiln enterprises,20and many deep processing fiberglass enterprises.100Under the backdrop of supporting the development of large enterprise groups and specialized companies, the industry's concentration has accelerated, with the production concentration of the three major companies, Jushi, Chongqing, and Taishan, reaching60%.The production capacity of the highest-capacity enterprise reached80ten thousand tons./In the year.
In the long run, the strengthening and renovation of infrastructure in the Middle East and Asia-Pacific will continuously increase the demand for fiberglass, and the future market potential is immeasurable. Moreover, as global demand for fiberglass in modified plastics, sports equipment, aerospace, and other areas continues to grow, the prospects for the fiberglass industry are very optimistic. Currently, the application fields of fiberglass are constantly expanding, and the potential wind power market is bound to become a major highlight of fiberglass's future development. The energy crisis has prompted countries around the world to seek new energy sources, and wind energy has become a focus of international attention in recent years. China has also increased its investment and research and development efforts in the wind power sector. By 2020, China's investment in wind power generation will reach3500billion yuan, of which,about 20%.of the fields will require the use of fiberglass, such as wind turbine blades. This undoubtedly presents opportunities for Chinese fiberglass companies.
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