Glass fiber is a very good substitute for metal materials. With the rapid development of market economy, glass fiber has become an essential raw material for construction, transportation, electronics, electrical, chemical, metallurgy, environmental protection, and defense industries. Due to its wide application in many fields, glass fiber has attracted increasing attention. The global glass fiber production and consumption countries are mainly developed countries such as the United States, Europe, and Japan, and their per capita glass fiber consumption is relatively high. Europe continues to be the largest consumer of fiberglass, accounting for 35% of global use.
Since 2008, glass fiber companies around the world have become more cautious with plans for expansion, and the world’s glass fiber production capacity has grown slowly. In 2010, the global continuous glass fiber production capacity was 4.715 million tons, which is expected to be 5.3 million tons this year.