China has become the world’s largest country with glass fiber production capacityApexglt
In recent years, the scale of China’s glass fiber industry has gradually expanded, and its position in the global market has been increasing, and it has become the world’s largest country in glass fiber production capacity. At present, although my country has a large number of fiberglass companies, most of the market share is firmly controlled by leading companies. Compared with small and medium-sized enterprises, these leading companies have unmatched capacity and capital advantages. The overall market competition mainly revolves around these leading companies. The competition is relatively orderly.
- Both China and the world’s glass fiber production are increasing year by year
my country’s glass fiber industry has been in a stage of rapid development in recent years. From 2012 to 2019, the average annual compound growth rate of my country’s glass fiber production capacity reached 7%, which is higher than the global average annual compound growth rate of glass fiber production capacity. Especially in the past two years, as the supply-demand relationship of glass fiber products has improved, the downstream application fields have continued to expand, and the market boom has rebounded rapidly. In 2019, the output of glass fiber in mainland China reached 5.27 million tons, accounting for more than half of the world’s total output. China has become the world’s largest glass fiber producer.
According to data from Zhuo Chuang Information, from 2009 to 2019, the global glass fiber output showed an overall upward trend. In 2018, the global glass fiber output was 7.7 million tons, and it reached about 8 million tons in 2019, a year-on-year increase of 3.90% compared to 2018.
- The proportion of China’s glass fiber output fluctuates and rises
During the period 2012-2019, my country’s glass fiber production accounted for the global glass fiber output, showing a fluctuating and rising trend. In 2012, my country’s glass fiber production accounted for 54.34%. In 2019, my country’s glass fiber production accounted for 65.88%. In seven years, the proportion increased by nearly 12%. It can be seen that the global glass fiber supply increase mainly comes from China. China’s glass fiber industry is expanding rapidly globally, establishing my country’s leading position in the world’s glass fiber market.
- Regional distribution of global glass fiber production capacity
There are six major manufacturers in the global glass fiber industry: the domestic Jushi Group Co., Ltd., Chongqing International Composite Materials Co., Ltd., Taishan Fiberglass Co., Ltd. and Owens Corning-Vitotex (OCV) in the United States. , PPG Industries and Johns Manville (JM).
At present, these 6 companies account for about 73% of the total global glass fiber production capacity. The entire industry is characterized by oligopoly. Calculated according to the production capacity of enterprises in various countries, China accounted for about 60% of global glass fiber production capacity in 2019.
- Analysis on the competitive landscape of global glass fiber industry enterprises
The global glass fiber yarn production capacity enterprises are highly concentrated. The glass fiber yarn production and construction tank kiln has a large initial investment and a long payback period. A large number of small and medium-sized enterprises have been blocked out, and the concentration of the glass fiber yarn industry has rapidly increased. In terms of production capacity structure in 2019, China Jushi accounted for 20.43% of global glass fiber enterprises’ production capacity, Taishan Fiberglass and Chongqing International both accounted for 10.22%, OCV accounted for 13.73%, NEG accounted for 7.95%, and JM accounted for 8.74%.
- Regional distribution of China’s glass fiber industry
my country’s fiberglass production enterprises are mainly concentrated in Zhejiang, Shandong, Sichuan, Chongqing and other places, which have a strong cluster effect. However, in terms of sales, glass fiber is widely used in the economic development of various regions because of its excellent performance, and it is not regional.
- The competitive landscape of China’s glass fiber enterprises
The concentration of enterprises in my country’s glass fiber industry is relatively high. Leading companies represented by China Jushi, Taishan Fiberglass, and Chongqing International account for most of the production capacity of my country’s glass fiber industry. Among them, China Jushi has the highest proportion of glass fiber production capacity, at about 34%. Taishan Fiberglass (17%) and Chongqing International (17%) followed closely behind. These three companies account for nearly 70% of the production capacity of my country’s glass fiber industry.
- Forecast of market competition trends in China’s glass fiber industry
The front-end product production capacity of my country’s glass fiber industry is highly concentrated, and the back-end primary and deep processing concentration is low, and the market is fragmented. In the future, glass fiber enterprises will extend from the industry’s front-end product business to the back-end business, continue to expand their production capacity or companies will continue to expand from the industry The end product business is appropriately extended to the front end product business to improve its competitiveness. my country’s glass fiber industry is still in a stage of rapid development. In the future, competition in the glass fiber industry, especially in the back-end products and composite materials business, will become more intense.
For more data and analysis, please refer to Qianzhan Industry Research Institute “China Glass Fiber Industry Production and Sales Demand and Investment Forecast Research Report”. At the same time, Qianzhan Industry Research Institute provides industrial big data, industrial planning, industry declaration, industrial park planning, industrial investment promotion, etc. solution.