The Development Trend of Steel Industry in China 

Posted by annesheldon on March 31st, 2016

ChangXing Refractory is a Chinese leading refractory and oil fracturing proppant manufacturer & supplier with a wide range industries in high temperature field . From a refractory bricks manufacturing factory, Changxing has become a professional manufacture with various refractory materials and oil fracturing proppant both in domestic and international market during 30+ years, whose customers covering North America, Middle East, South Asia, Africa, etc.Would u like to know more refractory material information ?come on. adds 134 pages refractory material industry research report on global and Chinese markets, published in September 2014, to its online business intelligence library. Refractory material is one of the indispensible materials in such high-temperature industries as iron and steel, building materials, chemicals, nonferrous metals, etc. Over 70% of refractory materials worldwide are applied in iron and steel smelting, 17% in building material industry and 4% in chemical industry.

Global refractories market is currently valued at USD 40,9 billion in 2014 and is expected to reach USD 54,8 billion by 2020, showing a Compound Annual Growth Rate (CAGR) of 5 %.

In terms of tonnage, the global market was at 39,8 Mt/a in 2014 and is expected to reach 48,6 Mt by 2020. China will maintain its top position among countries, with a market share of more than 50 % in the refractories market. The gains registered in recent years because of a moderation in raw material costs and refractories prices were not as strong. The iron and steel market will reportedly continue to dominate global refractories sales, accounting for more than three-fifths of all 2020 product-demand in volume terms. 

The report elucidates the situation of refractories around the world and studies its markets by end-user industry, which include iron and steel, energy and chemicals, nonferrous metals, cement, ceramics, glass and others; and by product type: magnesite and chrome, zircon and zirconia, silicon carbide, graphite and carbon, high-alumina and fireclay among others. Chinafirebrick provides refractory products, calcium silicate products, refractory castable & mortar, fire brick, ladle & tundish nozzle, ceramic fiber with high quality for you.

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Joined: March 8th, 2016
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