The development of the global refractory industry has the following characteristics:
Through mergers and acquisitions, reorganization, and elimination of backwardness, the concentration of refractory industrial production has been increased. Merges, mergers, reorganizations, and natural elimination in the operation of the market economy since the 1990s in developed countries have increased the concentration of production,
such as Japan in the 1950s There are more than 100 refractories manufacturers. Over the past decades, through mergers and acquisitions, restructuring,closure in the tide of the market economy, and cancellation of trademarks,
so far, there have been only more than 60 refractories companies. Another example is the seven independent refractory manufacturers in the United States in 1970. After multiple mergers and acquisitions, they merged into one company in 2001, that is, “RHI refractories.”
Proportion of global refractory production
The global total growth of refractory materials has gradually weakened, and the added value of products has steadily increased
Under the premise of relatively stable demand for refractory materials,
due to the continuous adjustment of the structure of refractory materials and the continuous improvement of product quality, the demand for refractory materials will decrease, but the added value of products is still steadily increasing，
The United States, Japan and Europe and other countries have shown a benign development trend in which the growth rate of sales of refractory materials is higher than the growth rate of refractory output.
In particular, the production of refractory materials in some countries is decreasing year by year, and sales revenue is increasing year by year.
The global refractory industry is developing towards the establishment of large enterprise groups
At present, through the merger and reorganization of hundreds of enterprises and the company’s own development.
the refractory industry has formed a number of large enterprise groups. Large-scale enterprise groups have continuously increased the intensity.
the production intensification, gradually extended the industrial chain, and used their strong economic and technological strength and brand advantages to seek greater profit margins.
