According to a new market research report titled ‘Global and China Refractory Material Industry Report, 2010-2011’, the refractory materials output in China increased from 14.77 million tons in 2003 to 28.08 million tons in 2010 at a compound annual growth rate (CAGR) of 9.6%. The report was released by Research and Markets.
The quantity of refractory products exported from China climbed to 1792.8 kilotons in 2010 from 827 kilotons in 2003 at a CAGR of 11.7%. As per the report, the largest consumer segment of the refractory materials is the steel industry, which represents more than 65%.
The demand for refractory materials in the steel industry varies with steel output. In overseas nations, the consumption of refractory materials per ton of steel is below 10 kg, while that in China it varies between 20 to 25 kg.
According to the report, the cement industry is the next largest consumption field of refractory material after the steel industry. The industry uses basic refractory materials such as magnesite-alumina brick, magnesite-chrome brick and magnesite brick, heat insulation refractory materials and Al-Si refractory materials, including fireclay insulating brick and alumina brick.
Fusion-casting refractory accounts for 58% share and is generally used in the glass industry. Luoyang Dayang Refractory, Zibo Asahi Glass Alumina Materials, Beijing SEPR Refractories and Ruitai Materials Technology are some of the major companies that produce fusion-casting refractory in China.
The report discusses in detail the market sectors of ceramic fiber, unshaped refractory material, basic refractory material and fusion-casting refractory. It also includes the industrial competition pattern comprising enterprise pattern and regional pattern, and the demand and supply of refractory market in China.
Source: http://www.researchandmarkets.com