Development Status And Future Prospect Of Fiberglass Board
Fiberglass board is a very good substitute for metal materials. With the rapid development of market economy, fiberglass has become an indispensable raw material for construction, transportation, electronics, electrical, chemical, metallurgy, environmental protection, national defense and other industries. Because of its wide application in many fields, glass fiber has been paid more and more attention. The world's largest glass fiber producers and consumers are mainly the United States, Europe, Japan and other developed countries, with a high per capita glass fiber consumption. Europe is still the largest region of glass fiber consumption, accounting for 35% of the total global consumption.
The rapid development of China's glass fiber industry in recent years is driven by the domestic and foreign markets. The expansion of the international market is due not only to the growth of total demand, but also to the development space left for domestic enterprises in the international market after international enterprises quit the industry due to low profit margin in the early stage; The growth of the domestic market comes from the rapid development of downstream consumer industries. After more than 50 years of development, China's glass fiber has reached a considerable scale.
In 2006, China produced 1.1607 million tons of glass fiber yarn, a year-on-year increase of 22.18%. Among them, the output of tank kiln is 891200 tons, accounting for 76.79% of the total production. The sales rate of glass fiber industrial products was 99.5%, an increase of 2.8 percentage points over the same period in 2005, and the inventory decreased. In 2006, the cost of the enterprise's main business reached 23.744 billion yuan, a year-on-year increase of 30.84%. Enterprises overcome the impact of rising raw material prices and achieve a new high profit level. In 2006, the industry realized a total profit of 2.566 billion yuan, a year-on-year increase of 39.65%; The total profits and taxes reached 3.685 billion yuan, a year-on-year increase of 43.53%. In 2006, China's glass fiber industry earned US $1.18 billion in foreign exchange through export, realized a trade surplus of US $451million, and exported 790100 tons of glass fiber and products, a year-on-year increase of 38.9%.
From January to November 2007, China's glass fiber and products manufacturing industry achieved a total industrial output value of 37624527 thousand yuan, an increase of 38.07% over the same period of the previous year; The accumulated product sales revenue reached 36565839 thousand yuan, an increase of 38.22% over the same period of the previous year; The total accumulated profits reached 3541052000 yuan, an increase of 51.08% over the same period of last year
Affected by the international financial crisis in 2008, China's glass fiber export situation was very severe. In the period of the international economic downturn and the current oversupply, it is necessary to accelerate the development and application of downstream products of the glass fiber industry to comply with the current national policy. Pay attention to the domestic demand for glass fiber yarn, expand domestic demand and maintain the sustainable development of the domestic economy.
China Fiberglass announced that Jushi group, the holding subsidiary of the company, has increased the ex factory price of fiberglass products by 7%-12% since 2011. Affected by this, China's glass fiber stock closed up 6.69% on December 7.
In the long run, the strengthening and transformation of infrastructure in the Middle East and the Asia Pacific region has increased the demand for glass fiber. With the continuous growth of global demand for glass fiber in glass fiber modified plastics, sports equipment, aerospace and other aspects, the prospect of the glass fiber industry is still optimistic. In addition, the application field of glass fiber has expanded to the wind power market, which may be a bright spot for the future development of glass fiber. The energy crisis has prompted countries to seek new energy. Wind energy has become a focus of attention in recent years. China has also begun to increase investment in the field of wind power. By 2020, China will invest 350billion yuan in the field of wind power generation, of which about 20% (70billion yuan) need to use glass fiber (such as fan blades). This is a big market for Chinese glass fiber enterprises.
