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| Countries covered: China In 2007, China's total output of fibreglass was 1.6 million tons, an increase of 37.8 per cent year-on-year, and accounting for 37.1 per cent of the global output of fibreglass. The export volume of China’s fibreglass was 1.085 million tons, an increase of 37.3 per cent year-on-year, and accounting for 28.8 per cent of the world's total fibreglass output. Now China's fibreglass capacity has overcome the United States as the world's largest fibreglass producer. During Jan-Apr 2008, China produced 476,000 tons of fibreglass, an increase of 42 per cent year-on-year; the growth of fibreglass export volume was 61.5 per cent year-on-year, the growth of fibreglass export amount was 69.1 per cent year-on-year. Along with China's economic development and the development of energy-saving materials, particularly the rapid increasing pace on the new energy, military industry, automobile, aerospace etc, the domestic consumption of fibreglass has grown fast. During 2001 to 2007, the compound annual growth rate of domestic consumption of fibreglass reached 24 per cent, the domestic apparent consumption of fibreglass from 103,000 tons to 515,000 tons. In 2008, the profitability of China’s fibreglass industry has still maintained a rapid growth, during Jan-Feb 2008, the sales growth of large-scale enterprises was 37.8 per cent year-on-year, 41.2 per cent year-on-year increasing of total profit. The capacity of China’s Alkali-free fibreglass has been increased significant in mid and high grade products, the output of furnaces fibreglass from 56,000 tons in 2001 to 1.16 million tons in 2007, of which that the output proportion of the whole fibreglass from 24 per cent in 2001 to 73 per cent in 2007. Along with the huge investments in the furnaces fibreglass by leading enterprises, the concentration of fibreglass industry has grown quickly. At present, the top three fibreglass manufacturers Jushi Group, Chongqing Polycomp International Corp (CPIC), Taishan Fiberglass INC accounts for 53 per cent of the China's fibreglass total output and 74 per cent of China’s furnaces fibreglass total output; Jushi Group’s four production lines with 380,000 tons capacity will on stream in 2008, thus, the proportion will rise to over 80 per cent. |
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