The output of refractory materials in my country is gradually declining and its market concentration will continue to increase in the future.

Refractory materials mainly refer to materials whose physical and chemical properties allow them to be used in high-temperature environments. There are many types of refractory materials with many classification methods. According to different chemical properties, refractory materials can be roughly divided into neutral refractory materials, acidic refractory materials, alkaline refractory materials, etc.; according to different supply forms, refractory materials can be roughly divided into shaped refractory materials and non-shaped refractory materials; according to the production method Different, refractory materials can be roughly divided into pouring molding, hand molding, machine pressing molding, melting casting molding, etc.; according to different volume density, refractory materials can be roughly divided into light refractory materials, heavy refractory materials, etc.

As an indispensable basic material in high-temperature industry, refractory materials are widely used in steel, cement, chemical industry, flat glass, metallurgy, non-ferrous metals, building materials and other fields. Among them, steel has become the largest application field of refractory materials. At present, the steel industry has become one of the pillar industries in the development of my country’s national economy. With the rapid development of my country’s industry and manufacturing industry, the demand for steel has gradually increased, and steel production has gradually increased. According to data released by the National Bureau of Statistics, in 2022, my country’s steel output will be 1.340335 million tons, a year-on-year increase of 0.3%. As the basic material for steel production, the market for refractory materials is gradually growing.

According to the “Refractory Materials Industry In-depth Market Research and Investment Strategy Suggestions Report 2023-2027” released by the Industrial Research Center, with the With the gradual improvement of my country’s industrialization level, the application scenarios of refractory materials have gradually broadened, and the market penetration rate has gradually increased. At present, our country has become one of the largest consumers and producers of refractory materials. However, with the continuous advancement of refractory material production technology, product quality has steadily improved, and durability has continued to grow, resulting in a reduction in its market demand. Against this background, my country’s refractory material output has gradually declined. According to data released by the my country Refractory Industry Association, my country’s total refractory output in 2022 will be 23.032 million tons, a year-on-year decrease of 4.3%. From the perspective of product segmentation, shaped refractory materials have become the main product in my country’s refractory materials, accounting for a relatively high proportion of the overall market, accounting for 56.3%; non-shaped refractory materials account for a smaller market share, accounting for 43.7%.

Industry analysts said that my country’s refractory material market concentration is low and the number of companies is large. The major large-scale enterprises in my country are Lier, Pu Nai, Houying Economic and Trade, China Magnesium Holdings, Jinlong Refractory Materials, Qinghua Group, Ruitai Technology, Sinosteel Luonai, Jianai, Hongying Group, and Sujia Group. wait. In addition, there are still many small and medium-sized enterprises in my country’s refractory materials market. Such enterprises have small industrial scale and weak market competitiveness. As my country’s large-scale refractory companies gradually expand, the living space of small and medium-sized enterprises is gradually squeezed. They may be gradually eliminated from the market in the future, and their market concentration is expected to increase.