How is the downstream demand for fiberglass?

The demand for fiberglass in the fields of construction, transportation, electronics, etc. is rising like a rocket, and the prospects are bright.
In the field of construction, with the process of urbanization, infrastructure projects have sprung up like mushrooms after rain, and coupled with the continuous improvement of building energy-saving requirements, fiberglass polyurethane composite materials have become the "secret weapon" for building energy conservation. After being used for energy-saving doors and windows, the market penetration rate has been rising steadily. Speaking of data, the total output value of China's construction industry soared from 21.39 trillion yuan to 31.59 trillion yuan from 2017 to 2023. With such a huge "body" of the construction industry, the demand for fiberglass as a basic building material will definitely rise with the tide. For example, in the construction of a large residential community, the use of energy-saving doors and windows made of fiberglass reinforced materials not only greatly improved the thermal insulation performance of the house, but also saved a lot of energy consumption costs for the developers in the later stage. After moving in, the residents also praised the warm winter and cool summer, and the high comfort level.
In the field of transportation, fiberglass products are light, strong, corrosion-resistant, wear-resistant and temperature-resistant, which is simply a "super equipment" tailored for transportation. In the automotive industry, it is used to manufacture body structural parts and interior parts, which can effectively reduce the weight of the vehicle, "reduce the burden" on the car, and greatly improve fuel efficiency. Under my country's strategy of building a strong transportation country, the scale of the rail transit equipment market has continued to grow since 2017, and it has reached 992.8 billion yuan in 2023. With such a big "cake", fiberglass will definitely get a large piece of it, and the prospects are promising.
In the field of electronics, fiberglass is electrically insulated, anti-corrosive, heat-insulating, and light, and is the "favorite" of the electronics and electrical industry, and is widely used in the production of printed circuit boards (PCBs). With the development of cutting-edge technologies such as 5G, the Internet of Things, and artificial intelligence, the demand for high-performance fiberglass is also like the rising tide of the sea, growing larger and larger.
In short, as a magical material, fiberglass has been deeply integrated into all aspects of our lives. From high-rise buildings to smart phones, from cars and high-speed railways to wind turbine blades, it is everywhere, silently contributing to our beautiful life. I believe that with the continuous advancement of science and technology, fiberglass will create more miracles. Let us wait and see!