Analysis on the imbalance between supply and deman

2022-08-12
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Analysis of the imbalance between supply and demand in the global glass fiber industry

the glass fiber market and the composite material market are part of the glass industry. Over the years, the industry has maintained a stable growth rate, and to a large extent, the industry has been characterized by "short supply". Recently, BASF has ensured the correct installation of a "new material" developed by the company. The increasing demand for durable, light-weight and corrosion-free products has accelerated the growth of the glass fiber industry

in recent years, basic and high-tech industries, such as construction, automotive, aerospace, electronics and other industries, have an increasing demand for glass fiber. Although the construction industry is the industry with the largest demand for glass fiber, due to the recent housing crisis in the United States, some production-oriented enterprises have shifted their focus to other industries. In addition, it is expected that the global demand for clean energy and the latest graded infrastructure will also promote the growth of the FRP market in the future

according to geographical location, the United States is the largest glass fiber market in terms of consumption and production. In Europe, Germany is the largest producer of FRP, followed by France and Italy. Among the emerging markets, China is the largest producer of glass fiber. In the next five years, China's demand for glass fiber is expected to exceed that of the United States. According to the government's investment in infrastructure, the demand for FRP products in emerging markets, including India and Brazil, is expected to increase

Owens Corning has been recognized as a global market leader from high to low, especially in glass fiber reinforced composites. After purchasing the reinforcement materials and composite fabrics of Saint Gobain, Owens Corning has re planned the FRP market. However, in recent months, China has also consolidated its position in the FRP market by purchasing and introducing new production lines. So far, China ranks second in the FRP market

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