Why is the high-silica fiberglass industry developing rapidly with the support of national policies?
In recent years, China has attached great importance to the development of the high-silica fiberglass industry and has introduced numerous policies to support it. In October 2022, the National Development and Reform Commission and the Ministry of Commerce jointly issued the "Catalogue of Industries Encouraged for Foreign Investment (2022 Edition)", which explicitly included high-silica fiberglass in the catalogue of non-metallic mineral products. In November 2023, the Raw Materials Industry Department of the Ministry of Industry and Information Technology issued the "Guidance Catalogue for the First Batch Application Demonstration of Key New Materials (2024 Edition) (Draft for Comment)", which included high-silica fiberglass products in the catalogue of key strategic materials.
According to the "China High-Silica Fiberglass Industry In-depth Market Research and Investment Strategy Recommendation Report" released by the Heshi Consulting Research Center, the global high-silica fiberglass market size was approximately 638 million yuan in 2023 and is expected to reach 943 million yuan by 2030. China's global market share in 2023 was 29.78%, and the market size is expected to reach 450 million yuan by 2030. High-silica fiberglass has broad application prospects in construction, aerospace, automotive, and military industries. In construction, high-silica fiberglass can be used as thermal insulation for building exterior walls; in aerospace, it can be used as structural, thermal, and heat-insulating materials for aircraft; and in automotive manufacturing, it can be used to manufacture engine insulation and exhaust pipe insulation sleeves. With growing downstream demand, the high-silica fiberglass industry is expected to grow rapidly.
Currently, several companies in my country have the capacity to mass-produce high-silica fiberglass. Major Chinese high-silica fiberglass manufacturers include Jiangsu Hengzhou Special Glass Fiber Materials Co., Ltd., Sinoma Science & Technology Co., Ltd., Jiangsu Zhengwei New Materials Co., Ltd., and Shaanxi Huate New Materials Co., Ltd.
Industry analysts at Heshi Consulting indicate that the high-silica fiberglass market is experiencing rapid growth. Its excellent performance and wide range of applications have attracted widespread attention across various industries. With continued technological innovation and increasing demand, the high-silica fiberglass market holds broad prospects and is expected to see further growth.
