Fiberglass market situation changes

Following the first half of the glass industry continues to slump, the market is now reversed fiberglass industry, glass industry recovery trend clearly presented. Driven by the overall demand for natural products to restore growth; From the industry point of view, China Fiberglass, Taishan Fiberglass and Chongqing International shipping volume steadily composite materials, glass fiber yarn prices significantly enhance the recovery trend is clearly presented.
The maximum demand, mainly from wind power appliances with glass fiber and thermoplastic automotive glass. The current domestic wind power demand recovery significantly, in 2013 newly installed capacity of wind power grew 24%, to reach 16GW, significantly boosting the demand for glass fiber materials; while glass fiber reinforced thermoplastic sheet material toughness, strength, corrosion resistance and other indicators in are very good, in Europe and is widely used in home appliances and automobile production, European appliances and cars boom improved significantly, thermoplastic glass orders growth significantly.
In addition, pipelines and industrial applications has become a mainstream domestic glass market demand. Optimistic about the future direction of environmental protection, automobile, home building materials. Fiberglass material application in specific areas has strong advantages, such as corrosive chemical product pipeline, power plant desulfurization chimney. Middle East downstream demand mainly in the field of basic facilities such as pipelines, in 2014 a high degree of prosperity, some of the leading enterprises in export growth in the region in more than 20%. Fiberglass future use of space in the energy, environmental protection, marine engineering and other areas are still relatively broad. In addition, with the increase expected long-term trends in the automotive lightweight and residents consumption level, the proportion of glass to use in the field of automobile and home building materials will be gradually improved, other areas being stable.
2014 global glass demand remained 4% to 5% growth. Demand for major overseas markets in Europe and America's goal is to consumer durables, automotive production, construction of new housing area, and other areas. From the current point of view needs to monitor leading indicators, trends fiberglass recovery in demand in Europe and America more obvious.
Downstream recovery uncertainty and improve the structure of supply and demand also brought the rise in prices. Faced with the new changes in the industry supply and demand, China Fiberglass July began a global product prices 6%, this price increase is a full range of product price increases, local and sub-structure is not before the price increases. Meanwhile China Fiberglass initiative to adjust the product structure, the company expects Chinese wind power with fiberglass fiberglass and thermoplastic glass fiber product sales were accounted for upgrading to 20% and 30% in the future.
Fiberglass industry trend of recovery was presented for major glass manufacturers is undoubtedly good news, seize the opportunity to ride the recovery faster and better development of the east of the enterprise products and expand their market share rate, improve product quality, and establish this corporate brand strategy!