The development trend of refractory material market is towards globalization

Refractory materials are widely used in industries such as metallurgy, chemical engineering, petroleum, machinery manufacturing, silicates, and power. They are used in large quantities in the metallurgical industry, accounting for 50% to 60% of the total output. 2017 is destined to be an extraordinary year for refractory material companies, as changes in the economic landscape have had a significant impact on the refractory material industry. With the decrease in demand for refractory materials, there has been fierce and brutal competition among refractory companies in developed countries. Inefficient individuals are gradually eliminated, while high-efficiency individuals can survive. Among them, large-scale enterprises are a good way to improve efficiency. Large scale enterprises can enhance their ability to develop new products. After the merger of enterprises, it is beneficial to avoid duplicate research, share knowledge, experience, and technical know-how, conduct technical exchanges, concentrate advantageous forces for research and development, and build a fully talented scientific research team. The large-scale of enterprises can improve quality, such as the merger of mining, raw material, and product enterprises, which can achieve full process control from mining to final products. This creates favorable conditions for stabilizing and improving product quality. Large scale enterprises and global markets are twin brothers. In order to maintain huge production capacity, multinational corporations need to obtain raw materials and markets. In order to obtain raw materials and markets, it is necessary to extend our tentacles to every valuable corner of the world. China is rich in refractory raw materials, has a large market capacity, low labor costs, and a good investment environment. These are the reasons why foreign companies have entered China one after another. China is the world's largest producer of refractory raw materials, with the world's largest reserves of magnesite and crystalline graphite. For many years, China's export volume of bauxite has also ranked among the top in the world. Producing refractory materials in China is conducive to solving the problem of raw materials on site; China is the world's largest producer of steel and building materials, and producing refractory materials in China is beneficial for solving the sales problem of products on site; The labor cost in our country is low, and refractory materials are labor-intensive products. Producing refractory materials in our country is also beneficial for reducing production costs and improving product competitiveness. In summary, the ceramic refractory material industry is currently in a development stage, and the market's understanding and acceptance of high-performance new products require a process. Therefore, from the current development in China, the ceramic refractory industry is still in its early stages of development and has a very promising future.