Fiberglass Products: Overall Market Demand Growth Is Less Than Expected
Fiberglass felt products for electronics: China's total output of fiberglass electronic yarn in 2023 will be 788,000 tons, a year-on-year decrease of approximately 2.2%. The market demand for fiberglass felt cloth products for electronics has not rebounded quickly due to the end of the epidemic. The overall performance has slightly increased, but it is difficult to digest the rapid expansion of production capacity supply in the early stage. As a result, the prices of electronic yarn and electronic cloth have remained at a low level for a long time throughout the year. The overall market demand is flat. On the one hand, affected by the chip and technology war between China and the United States, the pace of global consumer electronics upgrading has slowed down. In addition, after the epidemic, people's desire to consume electronic and electrical products such as microcomputers, mobile phones, and home appliance retail has decreased. On the other hand, This is due to the upgrading of downstream products and the gradual miniaturization of electronic products, which has led to the continuous development of fiberglass felt cloth products for electronics in the direction of thinner and lighter products. The market pays more attention to product quality improvement rather than production capacity expansion.
Industrial fiberglass felt products: China's total output of fiberglass industrial yarn in 2023 will be 744,000 tons, a year-on-year increase of 7.9%. In addition to the significant decline in the market demand for medium-alkali mesh cloth for construction, various industrial fiberglass felt cloth products are used in building energy conservation, road geotechnical engineering, electrical insulation, safety protection, environmental protection filtration, chemical anti-corrosion, decoration, agriculture, animal husbandry, and breeding. Market demand in many fields such as outdoor sunshades has remained stable and increased. Among them, new energy and energy storage construction, new energy automobile production, and various industrial fabric products for thermal insulation and safety protection are growing rapidly. By compounding with new materials such as aerogel and graphene, fiberglass industrial fabric products continue to create new functions and advantages, and expand new applications and new markets.
Fiberglass reinforced composite products: China's total output of fiberglass reinforced yarn will be 5.7 million tons in 2023, a year-on-year increase of 6.0%, of which the output of ordinary thermoset yarn, wind power high modulus yarn, and thermoplastic yarn will reach 2.92 million tons and 1.14 million tons respectively. and 1.64 million tons.
