Fiberglass is a very good substitute for metal materials. With the rapid development of the market economy, fiberglass has become an indispensable raw material for construction, transportation, electronics, electrical, chemical, metallurgy, environmental protection, national defense, and other industries. Because it is widely used in many fields, glass fiber has been paid more and more attention by people.

The world's major fiberglass 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.

In 2021, the main business income of the glass fiber and products industry (excluding glass fiber reinforced composite products) has reached 124.4 billion yuan, a year-on-year increase of 21.4%; the total profit increased by 95.5% year-on-year, reaching a record 23.14 billion yuan.

In 2021, the total domestic (mainland area only) fiberglass yarn output reached 6.24 million tons, a year-on-year increase of 15.2%. Considering that the industry's output growth rate will only be 2.6% due to the impact of the epidemic in 2020, the two-year average growth rate will be 8.8% after conversion. , basically maintained within a reasonable growth rate range.

In terms of import and export, from January to October 2022, my country's cumulative export volume of glass fiber and products was 1.6209 million tons, and the cumulative export value was 3.017 billion US dollars. From January to October, the cumulative import volume of glass fiber and products in my country was 101,900 tons; the total import value was 752 million US dollars.