glass fibre Pricing Assessment

Markets Covered:

China

India

Brazil

United States

Korea

Japan

Glass Fibre Price Trend, Analysis and Forecast

In the first quarter of 2024, Glass Fibre prices in China saw a significant decline of 8.2% compared to the previous quarter. This drop was primarily driven by a softening demand from the textile industry, despite some improvements in the post-pandemic economic landscape. Manufacturers in China focused on managing their inventory levels, which further contributed to the downward pressure on prices. Global factors, including rising raw material Silica, Aluminium and Calcium Oxide costs and ongoing supply chain disruptions, also played a role in this price decline.

By the second quarter of 2024, Glass Fibre prices in China experienced an increase, a notable shift from the previous trend. This rise was attributed to several factors, including a slight recovery in demand as manufacturers adjusted their production strategies to align with market needs. Additionally, global inflationary pressures and rising feedstock costs for Silica influenced pricing dynamics, prompting manufacturers to cautiously ramp up production while managing inventory levels more effectively.

As of August 2024, Glass Fibre prices in China were reported at approximately USD 720/MT, reflecting an increase from Q2. This uptick can be linked to improving global supply conditions and a better alignment between production and demand. On a global scale, factors such as fluctuating energy prices and cautious inventory management practices contributed to stabilizing prices. Manufacturers appeared more optimistic about market conditions, leading to this positive shift.

Looking ahead to the fourth quarter of 2024, Glass Fibre prices in China are expected to experience fluctuations as manufacturers prepare for potential increase in demand during the festive season. Anticipated production ramp-ups could lead to price increases if demand surges. Additionally, global influences such as rising feedstock Silica costs and ongoing energy price volatility may likely continue to shape market dynamics. Manufacturers will need to remain vigilant in managing their inventory and adapting to any significant shifts in demand from key international markets, which could further impact pricing strategies in China.

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is your trusted resource for tracking global glass fibre price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the glass fibre market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

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Track 's glass fibre price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in glass fibre prices

Stabilization of Prices Due to New Energy Vehicle Subsidies (2024)

In May 2024, the stabilization of Glass Fibre prices in China followed government interventions aimed at boosting demand for new energy vehicles. The introduction of subsidies for consumers trading in older cars for more energy-efficient models led to a surge in demand for Glass Fibre, which is essential in automotive manufacturing. This policy shift helped to reverse a period of declining prices, with retail sales of new energy vehicles increasing significantly during this time.

European Commission Anti-Dumping Measures (2023)

In mid-July 2023, the European Commission imposed anti-dumping measures against Chinese Glass Fibre producers, affecting the export dynamics of Glass Fibre. These measures aimed to protect European manufacturers by making it more challenging for Chinese companies to sell at lower prices in Europe. As a result, the domestic availability of Glass Fibre in Europe increased, influencing global supply and pricing strategies.

COVID-19 Pandemic Disruptions (2020-2021)

From 2020 to 2021, the COVID-19 pandemic caused widespread disruptions across industries, leading to fluctuating demand for Glass Fibre products. Initially, there was a sharp decline in demand due to lockdowns and economic uncertainty. However, as economies began to recover, there was a surge in demand from Fibre reinforced thermoplastics, construction, and automotive sectors, resulting in significant price volatility during this recovery phase.

Methodology and Specifications

glass fibre Pricing Assessment Research Methodology

Data Collection and Sources

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Glass Fibre prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Glass Fibre production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., Fibre reinforced Thermoplastics, automotive, construction), to predict shifts in Glass Fibre demand and corresponding price movements.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Glass Fibre prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Glass Fibre production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., Fibre reinforced Thermoplastics, automotive, construction), to predict shifts in Glass Fibre demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global Glass Fibre production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming Glass Fibre production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including Fibre reinforced Thermoplastics and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Glass Fibre pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast Glass Fibre prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable Glass Fibre pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

50,000 to 100,000 g/mol

CAS No

65997-17-3

HS Code

70191100

Molecular Formula

SiO2x⋅ Al2O3)y⋅ B2O3)z⋅ CaO w

glass fibre

Glass Fibre, also known as Fiberglass, is a lightweight and durable material made from fine strands of glass woven together. It is renowned for its excellent mechanical strength, corrosion resistance, and thermal insulation properties, making it a versatile choice across various industries. Glass fibre is primarily used as a reinforcement material in composite applications, enhancing the performance of products in sectors such as aerospace, automotive, marine, and construction. Its applications include manufacturing aircraft components, boat hulls, automotive parts, and chemical storage tanks. Additionally, Glass Fibre is utilized in electrical insulation and thermal insulation products due to its non-conductive nature and ability to withstand high temperatures. Available in various forms such as woven cloth, chopped strand mat, and roving, Glass Fibre can be moulded into complex shapes, offering flexibility for diverse manufacturing needs.

Packaging Type

25 Kg Bag

Grades Covered

E-Glass Fibre Chopped Strands

Incoterms Used

FOB Shanghai, CIF Busan (China), CIF Santos (China), CIF Nhava Sheva (China), CIF Houston (China), CIF Tokyo (China), Ex-Delhi NCR

Synonym

Fibreglass

Quotation Terms:

20-25 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property	Specification
Filament diameter variation	± 10%
Moisture content	≤ 0.07%
Sizing content	0.5 ± 0.1%
Chopped length variation	± 1.00 mm
Choppability	≥ 99%

Applications

Glass Fibre are widely used across various industries due to their excellent strength, electrical insulation, and corrosion resistance. In reinforced plastics, they enhance the mechanical properties of thermoplastics and thermosets, making them suitable for automotive components, consumer goods, and injection-moulded products. In construction, they reinforce concrete, improving tensile strength and crack resistance in flooring, panels, and precast structures. They are also employed in electrical insulation, marine composites like boat hulls, and aerospace components for their lightweight, durable characteristics. Additionally, Glass Fibre are used in wind turbine blades, pipes, tanks, and sporting equipment, offering a versatile and cost-effective solution for improving material performance in demanding environments.

Disclaimer

Glass Fibre price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for glass fibre. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors affect the price of Glass Fibre in the global market? +

The price of Glass Fibre is influenced by several factors, including the cost of raw materials such as silica, alumina, and boron oxide, as well as fluctuations in energy prices since glass manufacturing is energy intensive. Additionally, transportation costs, supply chain disruptions, and demand from key industries like automotive, construction, and aerospace can impact pricing. Changes in environmental regulations, which can affect production methods, may also lead to price adjustments.

How does bulk purchasing impact the cost of Glass Fibre? +

Purchasing Glass Fibre in bulk typically leads to significant cost savings due to economies of scale. Larger orders often allow suppliers to offer discounted prices as they benefit from reduced production and logistics costs. Additionally, stable, high-volume orders can help secure priority in supply, reducing the risk of delays or shortages.

Are there regional price differences for Glass Fibre, and how should procurement teams adapt? +

Yes, regional price differences for Glass Fibre are common due to variations in production capacity, raw material availability, and local demand. For instance, regions with a well-established fiberglass manufacturing industry, such as Asia, may offer lower prices due to abundant resources and economies of scale. In contrast, prices in North America or Europe may be higher due to increased labour and energy costs.