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High Growth of Refractories Market Demand

Definitions and classification of refractories

Refractory materials usually refer to inorganic nonmetallic materials with refractoriness above1580℃and capable of withstanding various physical and chemical changes and mechanical effects. Refractories are important basic materials and key consumables for high-temperature industry and all high-temperature devices. They are widely used in metallurgy, building materials, nonferrous metals, light industry and other high-temperature industries. Almost all industries requiring thermal and thermal processes require the use of refractory materials. The technological progress of refractories plays an irreplaceable key role in the development of high temperature industry.

There are many kinds of refractories, among which the classification of chemical mineral composition is the most common one. The refractory materials are of many kinds and can be classified according to the chemical composition, chemical properties, refractoriness and other standards.

 

Statistics on the classification of refractories

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Statistical Analysis on Business Income of Enterprises in Refractory Industry

 

In the first half of 2018, there were 26 Chinese refractories in the first half of 2018, according to the statistics of the Forecast and Analysis Report on Demand and Investment of Refractories Industry published by Prospect Industry Research Institute. Among them, in the first half of 2018, the first of Chinas new third-board listed companies in the refractories industry was China Magnesium Holding Company, with revenues of 334.0951 million yuan, up 43.1 percent year-on-year. The total revenue of Donghe Xincai Co., Ltd. was the second-largest, with a revenue of 312.9493 million yuan, up 111.64 percent year-on-year. The total revenue of self-supporting new materials business was the third, the total revenue was 284.0794 million yuan, up 45.86 percent year-on-year.

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High Centralization of Refractory Industry Development

Influenced by raw materials, market, technology and talents, the development of Chinas refractories industry is obviously in the state of high regional concentration, The output of refractories in Henan, Liaoning, Shandong, Shanxi, Hebei, Jiangsu, Zhejiang and Beijing accounted for more than 90 percent of the national output.

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The market competition of refractories tends to internationalize

Chinas steel output has been ranked first in the world for many years, and is the worlds largest market for steel refractories. At the same time, nonferrous metals, cement, glass, ceramics and other industries are also leading in the world for a long time, China has a large market capacity of refractory materials. The huge market development space has been paid great attention by the international refractories manufacturing enterprises. In recent years, with the increasing integration of the global economy, some international refractories manufacturers have entered China in succession to participate in the market competition of refractories in China, which makes the market competition of refractory materials in China internationalized.

On the other hand, as the worlds leading producer of refractory materials, with the development of high-temperature industries such as iron and steel in China and technological progress, In recent years, our refractory materials have been developed rapidly, and the technology has been improved constantly, the product quality has been improved continuously, the product structure has been optimized continuously, and the proportion of high quality, energy saving, long life and environmental protection products has been increased greatly. Most of the refractory materials can not only meet the needs of domestic refractory market, but also meet the requirements of international steel users. The international market competition ability of refractory products in China is increasing. International High Temperature Industrial Users Represented by Iron and Steel Are Buying from China, The international market competition of refractories has gradually changed into the competition among domestic refractories producing enterprises (including Chinese and foreign-funded refractories enterprises), which makes the international refractories market competition present the trend of domestication. With excellent quality and high performance-price ratio, Chinese refractory products gradually show an advantage in the international refractory market competition.

The internationalization of the refractory market in China coexists with the opportunity and development of the refractories industry, and also promotes the rapid and benign development of the refractories enterprises in China.

In the medium and long term, with the technical progress of refractories and the continuous renewal of products and the steady improvement of product quality, the consumption of refractories per unit product will be reduced. In the short term, the increase of coarse steel output will lead to the high increase of refractory demand, assuming the consumptive strength of refractory products in the iron and steel industry is constant.

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