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Analysis of the Development Trend of Refractory Materials Industry in 2017
Source： Ke Chuang Xin Cai
Release time：2017-10-10 10:47
New materials are the pioneers and pillars of high-tech industries and advanced manufacturing industries, and have always been one of the most active frontiers of technological innovation. Currently, due to the fact that most buildings use non-fire-resistant materials for the outer layer of internal cables, this has fueled the occurrence of fires, resulting in huge property losses and casualties. Fire-resistant materials are widely used in metallurgy, chemical industry, petroleum, machinery manufacturing, silicate, and power industries, with the largest amount used in the metallurgical industry, accounting for 50% to 60% of the total output. 2017 was destined to be an extraordinary year for refractory materials companies. Changes in the economic landscape have had an impact on the refractory materials industry.
New materials are the forerunner and pillar of high-tech industries and advanced manufacturing, and have always been one of the most active frontiers of technological innovation. Currently, because the materials used for the outer layer of most building internal cables are non-fire-resistant materials, it has fueled the occurrence of fires, causing huge property losses and casualties.
Refractory materials are widely used in metallurgy, chemical industry, petroleum, machinery manufacturing, silicate, and power industries. The metallurgical industry consumes the largest amount, accounting for 50% to 60% of the total output.
2017 was destined to be an extraordinary year for refractory material companies. Changes in the economic landscape have had a significant impact on the refractory materials industry. Below is an introduction to the changes in the development trends of the international refractory materials industry in 2017.
2017 Refractory Materials Industry Development Trend Analysis
I. Enterprise Large-Scale
With the decrease in demand for refractory materials, fierce and cruel competition has unfolded among refractory material companies in developed countries. Inefficient companies are gradually eliminated, and only highly efficient ones can survive. Among them, enterprise large-scale is a good way to improve efficiency.
Enterprise large-scale can improve the ability to develop new products. After the merger of enterprises, it is conducive to avoiding repeated research, sharing knowledge, experience, and technical know-how, conducting technical exchanges, concentrating superior forces to tackle key problems, and building a scientific research team with complete talents. Enterprise large-scale can improve quality. For example, after the merger of mining, raw materials, and product enterprises, it is possible to achieve full-process control from mines to final products. This creates good conditions for stabilizing and improving product quality.
II. Market Globalization
Enterprise large-scale and market globalization are twins. In order to maintain huge production capacity, multinational companies need to obtain raw materials and markets. In order to obtain raw materials and markets, they need to extend their tentacles to every valuable corner of the world. China is rich in refractory raw materials, has a large market capacity, low labor costs, and a good investment environment. These are the reasons why foreign companies are entering China one after another.
China is the world's largest producer of refractory raw materials, with the world's largest reserves of magnesite and crystalline graphite. For many years, China's high-alumina bauxite exports have also ranked among the world's top. Therefore, producing refractory materials in China is conducive to solving the raw material problem on the spot. China is the world's largest producer of steel and building materials. Therefore, producing refractory materials in China is conducive to solving the product sales problem on the spot. China's labor costs are low, and refractory materials are labor-intensive products. Therefore, producing refractory materials in China is also conducive to reducing production costs and improving product competitiveness.
The "Annual China Refractory Ceramic Products and Refractory Materials Industry Special Survey and Investment Value Prediction Report" analysis believes that at present, the ceramic refractory materials market industry is in its development stage, and the market's understanding, cognition, and acceptance of high-performance new products require a process. Therefore, from the current domestic development, it is still in the initial stage of development, and the prospects are very promising.
Source: Luoyang Kechuang New Materials Co., Ltd.: https://www.kcnh.com/
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