In recent years, the global refractories industry is facing a serious oversupply situation, showing lower production, corporate restructuring, increased competition, innovation and research and development efforts to enhance services to enhance user awareness and capacity trends. On the one hand, the main user industries such as refractory technology and management advances in steel, cement, glass, nonferrous metals and other industrial refractories consumption leads to decrease, while the use of performance refractories proposed new stringent requirements. On the other hand, these industries in the fierce market competition to lower prices and refractory raised consumption, maintain and improve the life of the requirements, resulting in refractory enterprises not only to reduce raw material and production costs, but also to greater investment to accelerate development and application of new technologies and new products. Refractory species is closely around the requirements of the development of the user industry, long life, energy saving, environmental protection and multifunctional.
Like other industries, the refractory industry in recent years, the world has experienced significant structural changes mergers and acquisitions, and mergers and acquisitions swept the globe. Some of the weak competitiveness of small businesses on the verge of bankruptcy, the collapse of competitive enterprises are powerful combination, continue to grow, and some existing monopoly situation.
