Benefiting from the continuous development of domestic demand for new energy vehicles, building energy conservation, electronic appliances and wind power, combined with the recovery of overseas demand, the glass fiber industry will continue to boom in 2021, and prices will show strong resilience.
According to the annual report released by the China Glass Fiber Industry Association, the total output of glass fiber yarn in my country in 2021 will reach 6.24 million tons, a year-on-year increase of 15.2%. Last year, the main business income of the whole industry reached 124.4 billion yuan, a year-on-year increase of 21.4%, and the total profit increased by 95.5% year-on-year to 23.14 billion yuan. The overall profit level of the industry continued to improve.
At the same time, the latest progress has been made in the research and development of new glass fiber products. China Jushi stated on the investor interaction platform on March 23 that the company's new product research and development aimed at the high-end market, and successfully developed E9 high-modulus glass fiber, the modulus of which exceeded 100GPa for the first time and has achieved mass production, which is the high-end application field of glass fiber composite materials. expansion provides greater possibilities. It has a wide range of application prospects in wind power, infrastructure, transportation, aviation, aerospace and other fields.
