Global development trend of refractory market

Refractories are used in many fields, and the new market structure has had a huge impact on the refractory industry. Among them, ceramic fiber is in the development stage and the market prospect is broad.

Refractories are widely used in metallurgy, petroleum, chemical, machinery manufacturing, power and other industrial fields, of which more than half are used in the metallurgical industry. In recent years, changes in the economic structure have greatly affected the refractory industry.

As the demand for refractory materials in the market decreases, competition among refractory manufacturers becomes more and more intense. Those with low efficiency are gradually eliminated, and those with high efficiency are survive. The way to improve efficiency is to increase the scale of the enterprise and increase its marketization and globalization level.

Increasing the size of an enterprise can increase its ability to develop new products. After the merger of multiple enterprises, it is possible to avoid duplication of research, which is conducive to sharing knowledge, experience and technology, focusing on superior forces to overcome difficult problems, and it is conducive to building a full-fledged scientific research team. For example, after the merger of mining, raw materials, and product enterprises, the entire process control from raw material processing to final products can be achieved. This creates good conditions for improving product quality and ensuring product performance.

Both the size of the enterprise and the globalization of the market are indispensable. In order to maintain huge capacity, multinational companies need paying more attention to raw materials and markets. In order to obtain raw materials and markets, they need to reach out every valuable corner of the world. China has abundant refractory raw materials, a large market capacity, low labor costs, and a good investment environment. These are the reasons why foreign companies have settled in China one by one.

At this stage, the ceramic fiber refractory industry is in the development stage, and the market's understanding, recognition and acceptance of high-performance new products require a process. Therefore, the ceramic fiber industry is in the initial stage of development, and the market prospect is very considerable.