Market Prospect Analysis of the Refractory Industry

How is the refractory industry market? Relying on the advantages of upstream raw materials, my country has occupied first place in refractory production for many years, accounting for about 65% of the world’s total, and its production trend is also closely related to the steel industry. From 2013 to 2017, reforms on the supply side continued Under the background of in-depth promotion, the demand for refractory materials has been declining all the way, even falling below the 20 million tons mark. In the past five years, the output has been relatively stable and rising steadily.

Any material whose physical and chemical properties allow it to be used in a high-temperature environment is called a refractory material. Refractory materials are widely used in metallurgy, the chemical industry, petroleum, machinery manufacturing, silicate, power, and other industrial fields, and are used in the largest amount in the metallurgical industry, accounting for 50% to 60% of the total output. The technological development of major users of refractory materials such as steel, cement, glass, nonferrous metals, and other industries has put forward higher quality and variety requirements for refractory materials, especially the variety structure adjustment and technological progress of the steel industry, and the output of high-quality steel products will increase, and the demand for high-quality refractory materials will show an increasing trend.

China has become the country with the largest production, consumption, and export of refractory materials and refractory raw materials in the world, and occupies an important position in the international refractory field. At present, the management quality of the refractory industry has improved, but the contradictions such as large but not strong, backward, and overcapacity still exist, and the next step is to accelerate the application of new technology and new product development of refractory materials, improve the level of automation and intelligence in the industry, and promote the industrial structure Adjust, accelerate the pace of transformation and upgrading, and promote the high-quality development of the refractory industry.

Looking forward to this year’s steel industry, it is expected that the dual control of production capacity and output in the steel industry will continue, which is of great significance to the industry’s “carbon peak”. The three arrows have been launched together, and the turning point of the improvement of the financing environment of real estate players has been confirmed. Real estate demand is expected to recover this year.

The improvement of demand is on the one hand, and on the other hand, carbon reduction in the steel industry, such as ultra-low emission transformation, green technology transformation, etc., going upstream will inevitably push refractory players to transform to green production.