Markets and Applications of Glass Fiber Composites

According to the global composites industry organization JEC data, as shown in Figure 1, from the global production of composite materials, the global production of composite materials in 2022 is about 12.7 million tons, of which, the glass fiber composite material is about 4 million tons, the production growth rate of 2018-2022 is about 3%

According to the global composites industry organization JEC data, as shown in Figure 1, from the global production of composite materials, the global production of composite materials in 2022 is about 12.7 million tons, of which, the glass fiber composite material is about 4 million tons, the production growth rate of 2018-2022 is about 3%, Asia is the fastest growing region for the production, the Asian region accounts for the production of global composite materials is close to 50%,. Among them, the Chinese market accounted for about 28% of the global production, but the output value accounted for about 22%.

2013-2022 global demand for glass fiber continuous growth, with the rapid growth of global construction, new energy, electrical appliances and other industries scale, glass fiber demand also grows, 2022 global demand for glass fiber in 12 million tons or so, see Figure 3, the global glass fiber is basically in a state of oversupply.

China's glass fiber composites in recent years, the rapid development momentum, production growth year by year, China Jumbo and other enterprises capacity construction is also progressing gradually 2023 is expected to part of the production capacity release, glass fiber production will maintain a relatively rapid growth, as can be seen in Figure 4, by 2028, China's glass fiber, industry production may exceed 10 million tons.