What are the fiberglass industry chains?
The fiberglass industry is like a magical "dragon". Its source is deeply rooted in ore and chemical raw materials, which is the source of its power. The midstream thrives under the tempering of major manufacturers, and the downstream soars with a wide range of applications. It can be said that it originates from stone, works in industry, and is used for people.
The upstream of the industrial chain involves mining, chemical industry, and energy. These fields are like the "food supply station" of the dragon, continuously providing ore raw materials such as white foam stone, limestone, dolomite, and chemical raw materials such as sizing agents, soda ash, and boric acid, ensuring the basic "food and clothing" of the fiberglass industry, and it can basically be self-sufficient without having to look at the "face" of others.
The midstream of the industrial chain is full of giants, and the concentration is quite high. Looking around the world, the six major manufacturers of China Jushi, the United States OC, Japan NEG, Taishan Fiberglass, CPIC, and the United States JM occupy nearly 75% of the global production capacity. Looking at the domestic market, by 2023, China Jushi will take the lead, accounting for the largest proportion of 32%, followed closely by Taishan Fiberglass and CPIC, accounting for 16% and 15% respectively. Shandong Fiberglass, Xingtai Jinniu and Jiangsu Changhai, although accounting for a relatively small proportion, have their own advantages and are working hard in the market. These manufacturers are like the hard "scales" on the dragon, supporting the backbone of the fiberglass industry.
The downstream applications of the industrial chain are more extensive than you can imagine. Construction and building materials are well-deserved "big households", followed by electronics and electrical appliances. Transportation, pipelines, industry, new energy and environmental protection are also "taking a share". The growth rate of downstream demand is also hand in hand with the growth rate of GDP, maintaining between 5-10%, and moving forward steadily.
