China Fiberglass Industry 2009 report

Research and Markets has released the “Analysis of China Fiberglass Industry 2009” report.
In 2008, fiberglass output in China was 2.11 million tons, 49% of global production, while, in the same peri…

Research and Markets has released the “Analysis of China Fiberglass Industry 2009” report. In 2008, fiberglass output in China was 2.11 million tons, 49% of global production, while, in the same period, production capacity of other country“s manufacturers did not see any real increase. According to the report, the global fiberglass industry has a clear trend that moves towards China. During the January-April 2009 period, the total output of fiberglass in China was 665,000 tons, a year-on-year increase of 5.7%, maintaining a low growth. In terms of the industry, concentration of the global fiberglass industry is relatively high. Chinese fibreglass is mostly controlled by China Fiberglass Co., Ltd, Chongqing Polycomp International Corp (CPIC), and Taishan Fiberglass Inc., while the global market is dominated by important players such as Owens Corning and Saint-Gobain, Vetrotex and PPG. These companies account for more than 70% of the world“s total capacity. Sales data regarding Chinese fiberglass in the January-April 2009 period demonstrated that monthly sales had increased, but improvement in sales was digested by domestic market, and international demand had not seen a comeback. In the first quarter of 2009, fiberglass exports and products came to 180,000 tons, a year-on-year decrease of 40%, leaving fibreglass exports still in an uncertain situation. Demands of fiberglass from downstream industries saw positive results only from wind energy, while traditional consumer sectors such as residential construction, transport and shipbuilding have seen declines, even if new areas such as highway roadbed and sanitaryware are growing, but demands are still small and it is difficult to change the overall trend. Although signs from international economy have bottomed out, the demand of fiberglass will be difficult to restore in 2009, and the estimate for an increase in demand is from the second half of 2010.