Forecast And Analysis Of Market Size And Development Trend Of China's Refractory Industry in 2022

The technological progress of refractory materials plays an irreplaceable key role in the development of high temperature industry, and all countries in the world attach great importance to the development of their own refractory materials industry. In the 21st century, with the deepening of reform and opening up, my country has ushered in the great development of the metallurgical industry, especially after 2003, driven by the rapid development of steel, building materials, petrochemical and other industries, a batch of private and joint venture refractory enterprises On the stage, the refractory industry has developed rapidly.

market size

Since 2013, with my country's economic transformation and development and the advancement of industrial policies such as energy conservation and emission reduction, and compression of backward production capacity, the growth rate of high-temperature industries such as steel, nonferrous metals, and building materials has slowed down, which has also indirectly guided the development direction of refractory materials. The iron and steel industry is the most important user of refractory materials, and the demand for refractory materials in the iron and steel industry can roughly reflect the overall market size of refractory materials. The data shows that the market size of China's steel refractory products has increased from 48.457 billion yuan in 2016 to 62.912 billion yuan in 2020, with an average annual compound growth rate of 6.9%. The China Business Industry Research Institute predicts that the market size of China's steel refractory products will reach 70.406 billion yuan in 2022.

Future trends

1. The development of raw materials towards full recycling

With the development of my country's industrialization, the consumption of mineral resources is increasing. At present, the over-exploitation of refractory mineral resources in my country is serious, and high-quality refractory mineral resources are facing serious challenges. To this end, the refractory industry must reuse waste minerals and refractory materials through the improvement of equipment technology to improve the comprehensive utilization efficiency of resources and achieve sustainable development.

2. Products are developing towards refinement and complex functions

Traditionally, refractory materials are multi-phase high-temperature structural composite materials. Now, in order to meet the development of pure steel smelting and high-end metal material manufacturing technology, refractory materials require not only long life and low consumption, but also smelting functions, such as controlling and regulating molten metal. The functions of flow rate and purification of molten metal are gradually developing towards refined structure and complex use and function.

3. Manufacturing develops towards intelligence and green

According to the overall requirements of Made in China 2025, the refractory industry is accelerating the integration of the two industries, developing from 2.0 factories to 4.0, in order to improve the intelligence level of the whole process. Under the guidance of General Secretary Xi's "green waters and lush mountains are invaluable assets", the state has stepped up efforts to rectify environmental protection, and the refractory industry is developing in a green and ecological direction.

4. Strategic restructuring to provide industry concentration

The refractory industry is deeply implementing the general secretary's "integration" awareness and "one game of chess" idea, accelerating the pace of strategic restructuring, making it bigger and stronger, to improve the concentration of the industry and promote the healthy development of the refractory industry.