The Leading Enterprises in The Fiberglass Industry Have Obvious Advantages

Fiberglass is a new material industry that China encourages to develop. In recent years, China's fiberglass output has maintained growth, and China has become a major producer of glass fiber. According to statistics from the China Fiberglass Industry Association, in 2012, the total output of fiberglass yarn was 2.88 million tons (of which the output of pool kiln yarn was 2.52 million tons); in 2021, the total output of fiberglass yarn was 6.24 million tons (of which the output of pool kiln yarn was 5.8 million tons). tons), the industry's main business income reached 124.4 billion RMB. In the past ten years, the fiberglass industry has entered a new stage of development from large to strong.

The main barriers of the fiberglass industry are reflected in policy, capital, technology and other aspects. The industry has high entry barriers and the market supply is concentrated. At present, a virtuous circle of top companies has formed: the lower the cost of the company, the higher the profit margin, and the excess returns are conducive to reducing corporate debt, refinancing, technological upgrading, and capacity expansion, thereby further reducing costs and occupying a larger market share. Therefore, the overall structure of China's fiberglass industry is relatively stable.