Huge Demand in China Refractory Market

iAbrasive recently released an article on its official website about China refractory material trend and some popular refractory material manufacturers in China.

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Abrasives and Abrasive Products Marketplace

Abrasives and Abrasive Products Marketplace

Zhengzhou, China (PRWEB) August 04, 2014

iAbrasive recently released an article on its official website about China refractory material trend and some popular refractory material manufacturers in China. (See the original article at: http://www.iabrasive.com/articles/china-refractory-market-demand-huge.)

Refractory material refers to inorganic non-metallic material with refractoriness no less than 1580 ℃. Refractory material is widely applied in steel, non-ferrous metal, glass, ceramic, electricity, and military industries. Since 2001, with the strong promotion of high temperature industries such as steel, non-ferrous metal, and building materials, the refractory material industry has maintained a favorable growing trend. Now, China accounts for a large proportion in the manufacturing and export refractory material.

From 2001 to 2010, the output of refractory raw material and products have been growing steadily. Up to 2010, the yield of refractory material amounted to more than 28080 thousand tons. In 2011, 65% of global refractory material was produced in China whose output and sales volume ranked first. Last year, China refractory material production was 292.825 million tons.

The popular refractory material industry also boosts upstream industries. Many brown fused alumina manufacturers in China such as Yichuan County ShengYu Fireproof Material Co.,ltd., Sanmenxia Mingzhu Electric Metallurgical Co.,Ltd., etc. have benefited from the favorable development trend and achieved huge success. At the same time, some international giants in refractory industry have determined to invest and establish factories in China. What they bring to abrasives manufacturers are not only opportunities, but also challenges. How to broaden foreign trade business and gain a foothold in global market are what abrasives manufacturers should attach importance to.

For more information, please visit: http://www.iabrasive.com/.


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