Production of glass fiber roving in China:
Production process: Glass fiber roving is mainly produced through the pool kiln drawing method. This method involves melting raw materials such as chlorite, limestone, quartz sand, etc. into a glass solution in a kiln, and then drawing them at high speed to form raw glass fiber roving. Subsequent processes include drying, short cutting, and conditioning to make e glass roving. This material is widely used in various fields due to its light weight and high strength, corrosion resistance, heat insulation, flame retardant and other properties.
Production capacity: As of 2022, China’s glass fiber in-production capacity exceeds 6.1 million tons, of which electronic yarns account for approximately 15%. total production of glass fiber yarns in China will be approximately 5.4 million tons in 2020, growing to approximately 6.2 million tons in 2021, and production is expected to reach more than 7.0 million tons in 2022, showing a stable growth trend.
Market Demand:In 2022, the total output of glass fiber roving in China reached 6.87 million tons, a year-on-year growth of 10.2%. On the demand side, the apparent demand for glass fiber in China is 5.1647 million tons in 2022, an increase of 8.98% year-on-year. The downstream applications of the global glass fiber industry are mainly concentrated in the fields of construction and building materials and transportation, of which construction materials account for the highest proportion of about 35%, followed by transportation, electronic and electrical appliances, industrial equipment and energy and environmental protection.
Current situation of the industry: China’s fiberglass roving production capacity, technology and product structure are at the world’s leading level. Major enterprises in China’s glass fiber industry include China Jushi, Taishan Glass Fiber, Chongqing International, etc. These enterprises occupy more than 60% of the market share. Among them, China Jushi has the highest market share of over 30%.
Fiberglass roving produced by CQDJ
Capacity: CQDJ’s total fiberglass capacity reached 270,000 tons.2023, the company’s fiberglass sales bucked the trend, with annual roving sales reaching 240,000 tons, up 18% year-on-year. The volume of glass fiber roving sold to foreign countries was 8.36 thousand tons, up 19% year-on-year.
Investment in new production line: CQDJ plans to invest RMB 100 million to build a 150,000-ton per year production line for chopped strands at its manufacturing base in Bishan, Chongqing. This project has a construction period of 1 year and is expected to start construction in the first half of 2022. Upon completion of the project, it is expected to realize an annual sales revenue of RMB900 million and an average annual total profit of RMB380 million.
Market share: CQDJ occupies about 2% market share in the global glass fiber production capacity, and we are going to try our best to provide our customers with high-quality fiberglass roving that compound customers’ needs.
Product mix and sales volume: In the first half of 2024, CQDJ’s fiberglass roving sales volume reached 10,000 tons, a year-on-year increase of 22.57%, both of which are record highs. The company’s product mix continues to be optimized to meet the needs of the high-end market.
In summary, CQDJ occupies an important position in the glass fiber industry, its capacity and sales volume continue to grow, and it is also actively investing in the construction of new production lines to further expand its market influence.
Post time: Dec-06-2024
