China's industrial kiln industry status quo: the market size of 18.4 billion travel market demand overall larger.
Time: 2023-08-10
Overview
Industrial kiln is the main equipment to realize the heat treatment process, and its advanced degree directly determines the level of the heat treatment process. In terms of the industrial chain, the upstream industry of industrial kilns is mainly steel products, refractory materials, mechanical and electrical accessories, control components and other raw materials and spare parts, while the downstream application industries include carp battery cathode materials, electronic ceramic materials, magnetic materials, mechanical basic parts, auto parts, aerospace parts and other industries.
2. Upstream Market Analysis
1, Steel Products
According to the "In-depth Research on the Development of China's Industrial Kiln Industry and Future Investment Forecast Report (2023-2030)" published by the Guanyan Report Network, the utilization rate of China's steel production capacity showed an overall upward trend from 2014 to 2021. According to the data, in 2021, China's steel production capacity is 1.16 billion tons, crude steel production is 1.033 billion tons, and the capacity utilization rate is 89%. In 2022, China's iron and steel industry to complete the task of production reduction, the overall annual output showed a "first Senior high school low after the rise" trend.
2, Refractory
In recent years, under the environment of increasing national environmental protection efforts, the overall output of China's refractory industry has shown a downward trend. According to the data, from 2014 to 2021, China's refractory production dropped from 27.9715 million tons to 24.027 million tons, a year-on-year decrease of about 3.04 percent.
3. Midstream Market Analysis
From 2017 to 2021, the market scale of China's industrial kiln industry grew steadily, from 10.8 billion yuan to 18.4 billion yuan, with a five-year CAGR of 14.25 percent. According to the data, the market size of China's industrial kiln industry will reach 18.4 billion billion yuan in 2021, and it is expected to reach 35 billion billion yuan in 2025, with a compound annual growth rate of 17.44 from 2021 to 2025.
4. Downstream Market Analysis
1, Battery Cathode Material
Under the background of national policy encouragement and support and the continuous maturity of related technologies, China's carp battery cathode material industry has developed rapidly and has become a major consumer and producer of battery cathode materials in the world, with increasing demand for industrial kilns. According to GGII data, the market size of China's hammer battery positive material sintering furnace and supporting equipment is about 3 billion yuan in 2021, and the market size is expected to reach 13.4 billion yuan in 2025, with a compound growth rate of 45.38 percent in 2021-2025. 16