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Refractory industry market status and development trend

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Refractory breakdown products

In 2019, the output of compact shaped refractory products was 13.27 million tons, which was similar to the growth rate of refractory products. Among them, and the siliceous bricks and magnesia bricks grew faster, increasing by 40% and 30% respectively; and the output of thermal insulation products 10,000 tons, a year-on-year increase of 5.1%. So the output of amorphous refractory products was 9.64 million tons, a year-on-year increase of 2.1%.

China's refractory products output and growth

Refractories main business revenue and profit

Thanks to the fact that the output has stopped falling and rebounded, and the production efficiency of the refractory industry has also improved significantly. The increase in main business income is higher than the increase in output, the increase in profit is higher than the increase in main business income, and the development quality has improved. Specific data shows that and the main business income of refractory products in China in 2008 was 20 billion yuan, an increase of 12% year-on-year;

So the total profit was 14.6 billion yuan, an increase of 38.4% year-on-year.

  • refractory materials export

In 2019, the refractory raw materials and products reached a record high export value, reaching 4.17 billion US dollars。

an increase of 35.6% year-on-year. and the annual export volume was 6.355 million tons, a year-on-year decrease of 0.54%,

of which the export volume of refractory materials was 4.55 million tons, a decrease of 3.1% year-on-year.

refractory

Improve industry concentration and achieve green development

  • Continue to increase the concentration of refractory industry

At present, The refractory industry operating quality improved. it scopes large but not strong. and the Capacity surplus problem still exists. So  In the future, continuing to increase industrial concentration is one of the main development trends. So refractories are industries with severe overcapacity and have been in a state of disorderly competition since the early 1990s. There are many manufacturers in China. and they are highly dispersed.which is the main factor that causes vicious competition in the industry. At present, the market is transforming into a gradually standardized direction. materials. So which is an excellent opportunity to further integrate and standardize the market order? The “Refractories Industry Several Opinions on Promoting the Healthy. and the Sustainable Development” issued by relevant departments puts. forward that 10 enterprises will be increased to 45% by 2020 the industrial concentration

  • Refractory products upgrade and transformation

downstream industries with continuous integration. and the requirements for refractories will gradually increase. and product upgrading.

So the industry will also become the main development direction. In this regard, it is necessary to accelerate and the application of new technologies. and new product development.

So industrial automation and intelligence improve the level . promote product structure adjustment. accelerate the pace of transformation.

and the refractory industry promotes high-quality development.

  • Refractory industry environmental protection and green development

increased environmental protection efforts in the context, major refractory production areas have introduced specific measures to improve environmental protection. All production enterprises. So must fully recognize the future development trend of environmental governance. So environmental protection governance is no means short-term behavior.

it is not a phased task to respond to environmental inspections. and environmental protection standards. It has become the bottom line of corporate life.

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As professional one-stop solution provider, LIAONING MINERAL & METALLURGY GROUP CO., LTD(LMM GROUP) Established in 2007, and focus on engineering research & design, production & delivery, technology transfer, installation & commissioning, construction & building, operation & management for iron, steel & metallurgical industries globally. 

Our product  have been supplied to world’s top steel manufacturer Arcelormittal, TATA Steel, EZZ steel etc. We do OEM for Concast and Danieli for a long time.

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As professional one-stop solution provider, LIAONING MINERAL & METALLURGY GROUP CO., LTD(LMM GROUP) Established in 2007, and focus on engineering research & design, production & delivery, technology transfer, installation & commissioning, construction & building, operation & management for iron, steel & metallurgical industries globally. 

Our product  have been supplied to world’s top steel manufacturer Arcelormittal, TATA Steel, EZZ steel etc. We do OEM for Concast and Danieli for a long time.

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