After years of development in my country's glass fiber enterprises, the proportion of deep-processed products has increased year by year. The gross profit margin of leading companies in China's glass fiber industry is between 29-39%, which is significantly higher than the 13% gross profit margin of foreign giants. The world glass fiber industry has long been an oligopoly. As a new force, China is expected to account for more than 60% of the global share this year and become a new player in the international glass fiber market after an average annual growth rate of more than 25% in recent years. Oligarch.
The rapid development of China's glass fiber industry in recent years has been driven by both domestic and foreign markets. The expansion of the international market is not only due to the growth of total demand, but also from the development space left by domestic companies in the international market after international companies exit the industry due to low profit margins; while the growth of the domestic market comes from downstream consumption The rapid development of the industry. After more than 52 years of development, China's glass fiber has become quite large.
Compared with the international market, my country's glass fiber products have fewer varieties and specifications and a narrow application range. But these situations also show from another angle that there is still a large amount of market space in my country's glass fiber industry that has not been tapped, especially in some application fields, where many market segments are not even developed at all.
In the last few years of the 20th century, under the guidance of the development strategy of the National Building Materials Bureau that meets the requirements of marketization, the glass fiber industry and the mesh cloth industry have shown gratifying changes in the overall output and the output of various advanced glass fiber products. The change.