Posted in | Business | Fibers

Global Glass Fiber Supply to Grow by More Than 8% to 5.30 Million Tons

Research and Markets has announced the addition of the "Global and Chinese Glass Fiber Industry Report, 2012-2015" report to their offering.

In 2011, the global glass fiber supply hit 4.88 million tons, and the demand reached 4.66 million tons. Driven by the demand in emerging markets, the global supply is expected to grow by more than 8% to 5.30 million tons, and demand will amount to 4.94 million tons at a growth rate of 6% in 2012.

With the transfer of the industry, China has become the world's largest producer of glass fiber. In 2011, China produced 3.72 million tons of glass fiber, accounting for 76% of the global total. China's glass fiber output will grow to 4.30 million tons in 2012, sharing 81% of the global output. As 16 Chinese fiberglass kilns enter the cold repair period as well as the backward capacity is eliminated, China's glass fiber capacity will reduce by 250,000 tons or so in 2013. With the new realization of new capacity and the rebounding of downstream demand, the production will resume its growth during 2014-2015.

Like the global glass fiber industry, Chinese glass fiber market is also featured with high concentration, most of the capacity is concentrated in China Fiberglass Co., Ltd., Chongqing Polycomp International Corporation and Taishan Fiberglass Inc. In 2012, these three companies altogether contribute 43% to the total glass fiber capacity in China. As the new capacity puts into production, it is expected that the capacity of the three companies will account for 49% of China's glass fiber capacity in 2015.

Source: http://www.researchandmarkets.com/

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