The downstream wind power industry has entered a healthy development track, driving the demand for fiberglass market?
In recent years, benefiting from the wide application of fiberglass composite materials in transportation, clean energy and other fields, the total output of fiberglass has increased year by year. Especially in the field of wind power, with the continuous advancement of the "dual carbon" goal and the advent of the era of wind power grid parity, the wind power industry has entered a benign development track, driving the increase in fiberglass market demand.
The use of fiberglass composite products has increased, and the downstream wind power industry has broad prospects. The 21st century is called the new material century. New materials have become the driving force for the rapid growth of the global economy and the strategic focus for enhancing core competitiveness. In the development and application of new materials, composite materials occupy a very important position. Among the many types of composite materials, fiberglass reinforced resin-based composite materials (also known as FRP) have the highest market share and the most mature development. They have been widely used in military and civilian fields. At present, glass fiber composite materials have obtained a large-scale application market in domestic wind power, chemical storage tanks, water pipelines, electrical insulation, boats, cooling towers, bathrooms and other fields. In recent years, the overall market size of the domestic fiberglass industry has been on an upward trend.
Compared with major developed countries, the per capita consumption of fiberglass composite materials in China is still low, with a large number of medium and low-end products and a scattered downstream market. With the development of new energy, transportation, building materials, environmental protection, aviation and national defense industries and the rapid development of the domestic economy, the domestic fiberglass composite application market is broad.
Specifically in the field of wind power, in recent years, driven by the industrial policies and technological progress of government departments, the domestic wind power industry has maintained a good development trend as a whole. Under the guidance of the new energy development strategy of "carbon peak and carbon neutrality", the country has successively issued relevant industrial policies and planning outlines to further refine and implement the development path and development goals of new energy industries such as wind power. For example, in June 2022, the National Development and Reform Commission, the National Energy Administration and other 9 departments jointly issued the "14th Five-Year Plan for Renewable Energy Development", pointing out that during the "14th Five-Year Plan" period, the increase in renewable energy power generation will account for more than 50% of the increase in electricity consumption in the whole society, and wind power and solar power generation will double. Against the background of "carbon peak" and "carbon neutrality", the wind power industry has broad prospects for the future. At the same time, with the advancement of technology, since 2022, the cost of onshore wind power per kilowatt-hour has had a relatively obvious advantage over thermal power, and has basically met the conditions for grid parity, entering a virtuous cycle of "cost reduction-increase in demand", and the further price reduction of the industrial chain is controllable.
In summary, in recent years, fiberglass products have been widely used in new energy, chemical, shipbuilding, automobile, electronic and electrical, building materials and other fields, and the overall market size of the fiberglass industry has been on an upward trend. Driven by domestic industrial policies and technological progress, the wind power industry is entering a healthy development track, with broad prospects for industry development, driving the growth of fiberglass market demand.
