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Analysis of the Development Trend of the Refractory Materials Industry in 2017
Source： Ke Chuang Xin Cai
Release time：2022-05-16 17:48
New materials are the pioneers and pillars of high-tech industries and advanced manufacturing industries, and are one of the frontier fields where technological innovation is relatively active. Currently, due to the use of non-fire-resistant materials for the outer layer of cables inside most buildings, this has fueled the occurrence of fires, causing significant property damage and casualties. Refractory materials are used in metallurgy, chemical industry, petroleum, machinery manufacturing, silicate, and power industries. The metallurgical industry uses a large amount, 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 a significant impact on the refractory materials industry. Below...
New materials are the pioneers and pillars of high-tech industries and advanced manufacturing, and are one of the frontier fields with relatively active technological innovation. Currently, because the materials used in the outer layer of most building internal cables are non-refractory materials, this has fueled the occurrence of fires, causing significant property losses and casualties.
Refractory materials are used in metallurgy, chemical industry, petroleum, machinery manufacturing, silicate, and power industries. They are used in large quantities 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 a significant impact on the refractory materials industry. Below is an introduction to the changes in the international refractory materials industry development trends in 2017.
2017 Refractory Materials Industry Development Trend Analysis
I. Enterprise Large-Scale Development
With the decrease in demand for refractory materials, fierce and cruel competition has unfolded among refractory materials companies in developed countries. Inefficient companies are gradually eliminated, while highly efficient ones survive. Among them, enterprise large-scale development is a good way to improve efficiency.
Enterprise large-scale development can enhance the ability to develop new products. After mergers, enterprises can avoid repeated research, share knowledge, experience, and technical know-how, conduct technical exchanges, concentrate superior forces to overcome difficulties, and build a research team with a full range of talents. Enterprise large-scale development can improve quality. For example, after the merger of mining, raw material, and product enterprises, it is possible to achieve full-process control from mines to final products. This creates favorable conditions for stabilizing and improving product quality.
II. Market Globalization
Enterprise large-scale development and market globalization are twin brothers. In order to maintain large production capacity, multinational corporations 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.
For many years, China's high-alumina bauxite exports have also ranked among the top in the world. Therefore, producing refractory materials in China is conducive to solving the raw material problem on the spot. China is one of the world's largest steel and building materials producers. 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 currently, the ceramic refractory materials market 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 development in China, it is still in the initial development stage, and the prospects are quite promising.
Source: Luoyang Kechuang New Materials Co., Ltd.: https://www.kcnh.com/
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