With the irreversible development of automotive lightweighting, the automotive industry's demand for LFT materials is being liberalized.
According to the statistics of the China Automobile Association, in 2016, China's automobile production was 28.119 million, and it is expected to reach 30 million by 2020.
If the average vehicle weight is 1100kg and the proportion of reinforced plastics is 20%, the potential market demand for glass fiber reinforced plastics by 2020 will reach 6.6 million tons. At a price of 35,000 yuan/ton, the potential market space will reach 231 billion
