What impact will the rise in fiberglass raw material prices have on the fiberglass industry?

The rise in glass fiber raw materials will inevitably lead to an increase in the cost of glass products. Under the pressure of domestic inflation, the RMB continues to appreciate, causing a relative shrinkage of corporate funds, which may lead to a reduction in the production scale of fiberglass industry companies. Small, so there are relatively fewer glass products on the market, and the price of glass products has risen. Due to the decline in productivity, it is difficult for companies to increase revenue and expand production through exports. A group of small and medium-sized enterprises will face great pressure, especially focusing on reducing costs and expanding production, often neglecting product quality and marketing strategies, and falling into a disadvantageous position in market competition.