China's fiberglass output in 2023 will be approximately 7.4 million tons, a year-on-year increase of 10.10%. In the past ten years, the CAGR of China's fiberglass production

 has been approximately 9.08%, which is higher than the compound growth rate of global production. Global fiberglass production capacity has gradually transferred to China.

 From 2010 to 2023, China's proportion of global fiberglass production increased from 54% to 66%. . At present, my country's fiberglass has absolute industrial advantages, 

and its technology is becoming increasingly advanced. Due to international trade and the development of new application areas, fiberglass prices are on an upward trend. The

 reason for the increase is the development of electronic yarn and the large-scale export of fiberglass. On the contrary, less fiberglass is actually used in composite materials,

 leading to an increase in prices.

In the domestic market, the combined annual production capacity of China's three largest fiberglass companies accounts for more than 70% of domestic production capacity. 

In particular, the leading fiberglass leader, represented by China Jushi, ranks first in the world in production capacity, accounting for 36% and 24% of domestic and global 

production capacity respectively. In addition to China Jushi, Taishan Fiberglass, and Chongqing International, there are also other well-known domestic fiberglass companies

 such as Shandong Fiberglass and Changhai Co., Ltd. The rapid rise of fiberglass companies represented by China is constantly changing the world's fiberglass landscape.