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Refractories Market Development Trends to Globalization
Refractories are widely used in metallurgy, chemical industry, petroleum, machinery manufacturing, silicate, power and other industrial fields. The largest amount of refractories is used in metallurgical industry, accounting for 50%-60% of the total output. 2017 is bound to be an extraordinary year for refractory companies, and the change of economic pattern has a significant impact on the refractory industry. With the decrease of refractory demand, there is fierce and cruel competition among refractory enterprises in developed countries. The inefficient are gradually eliminated, and the efficient can survive. Among them, large-scale enterprise is a good way to improve efficiency. Large-scale enterprises can improve the ability to develop new products. The merger of enterprises is conducive to avoiding duplicate 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. Large-scale enterprises can improve the quality, such as mining, raw materials and products, after merger, the whole process control from mines to final products can be realized. This creates good conditions for stabilizing and improving product quality. Large-scale enterprises and market globalization are twin brothers. To maintain huge capacity, multinational companies need access to raw materials and markets. In order to obtain raw materials and markets, it is necessary to extend antennae to every valuable corner of the world. Our country has rich refractory materials, large market capacity, low labor cost and good investment environment. These are the reasons why foreign companies enter our country one after another. China is the largest producer of refractory raw materials in the world, with magnesite and crystalline graphite as the first reserves in the world, and its bauxite export has been ranked in the forefront of the world for many years. The production of refractories in China is conducive to solving the problem of raw materials locally; China is the largest producer of steel and building materials in the world, and the production of refractories in China is conducive to solving the problem of product sales locally; Refractories are labor-intensive products with low power costs. The production of refractories in China is also conducive to reducing production costs and improving the competitiveness of products. To sum up, the ceramic refractory industry is in the developing stage, and the market needs a process to recognize and accept new high-performance products. Therefore, from the current domestic development, the ceramic refractory industry is still in the primary stage of development, and the prospect is very promising.
Zhejiang Hongda Crystal Fiber Co., Ltd.
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