China to Be World´s Fastest Growing Market of Glass Fiber (08/19/2011)

Updated: 2011/8/19 10:08:00

China will be the world´s fastest growing market of glass fiber in the future; China´s domestic demand is expected to reach 2.52 million tons in 2015, accounting for 43% of global share. Growth rate of China´s apparent consumption of glass fiber reached 25% from 2004 to 2010, much higher than global level. China´s import growth of glass fiber yarn was 75% after the financial crisis, while export growth was 22%; in the meantime, one after another domestic product began to replace export market. China´s demand of glass fiber is expected to reach 2.52 million tons in 2012, China´s proportion of global demand will increase from current 36% to 43%, and China will become the world´s largest producer and consumer of glass fiber. But from the supply point of view, domestic production will only increase over 100,000 tons this year, the "12th Five-Year Plan" marks out that China´s production will increase to 2.8 million tons, therefore the growth rate is well below demand growth.

Source: China Textile Leader

Authority in Charge: China National Textile and Apparel Council (CNTAC)

Sponsor :China Textile Information Center (CTIC)

ISSN 1003-3025 CN11-1714/TS