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The Future Trend Of The Refractory Industry
Sep 13, 2018

The refractory industry has problems such as high resource dependence, scattered industry competition, and low production efficiency. On the other hand, as the downstream industry continues to regulate and integrate, the requirements for refractory materials will gradually increase, and product upgrading and transformation will become the refractory industry in the future. The main development direction.

There are three possibilities for future trends:

The first type: the proportion of amorphous and high-grade refractory materials increased. With the accelerated pace of integration of steel, cement and glass downstream industries in recent years, we can expect that the quality requirements for refractory materials will gradually increase in the future. At the same time, according to the experience of developed countries in the world, the future of China's amorphous refractory materials The proportion will increase year by year.

Second: lateral expansion. The refractory industry itself has low concentration and scattered competition. As of the end of June this year, the national refractory enterprises fell to 2108, down nearly 25.0% from the end of the previous year. We expect that refractory companies will continue to expand their business through a series of mergers and acquisitions, expand their market share and seize more market share.

The third type: vertical integration. High resource dependence and rapidly rising raw materials put tremendous pressure on the profitability of the industry. We believe that the vertical integration of the industry chain will become the future development needs of the company. We expect that the potential to extend upstream in the future will determine the future long-term of refractory enterprises. A key factor in profitability.