Do you know the prospect of fiberglass reinforced polyurethane composite frame?

Composite frames have a large space for replacing aluminum frames, driving the demand for fiberglass and polyurethane. Assuming that the global module demand in 2023-2025 is about 419/548/684GW, of which the centralized project module demand is 197/252/308GW and the distributed project module demand is 222/296/376GW. Under conservative circumstances, the demand for composite frames can reach 132GW in 2025, with a penetration rate of 19%, and the market size can reach 7.2 billion yuan, corresponding to the demand for fiberglass/polyurethane of about 45/120,000 tons; Under positive circumstances, the demand for composite frames can reach 264GW in 2025, with a penetration rate of 39%, and the market size can reach 14.5 billion yuan, corresponding to the demand for fiberglass/polyurethane of about 90/230,000 tons.
Industry chain progress: insulating composite materials and building materials manufacturers are the first to enter the market. At present, the domestic production of composite frame enterprises mainly use fiberglass, polyurethane as raw materials, manufacturers mainly include Deyilong, Wolai New Material, Bofei Electric and other insulation composite material manufacturers, and Sinoma Technology and other building materials manufacturers, the products are in the third-party certification and customer introduction stage. In the future, high-quality enterprises with deep technology accumulation, low raw material supply prices and deep binding with downstream customers are expected to achieve leapfrog development and establish a leading edge in the composite frame track.