Global and China Refractories Industry Report, 2018–2022
In 2017, China produced 229 254 Mt of refractories, a year-on-year decrease of 4,3 % (a drop of 4,43 % on an annualized basis). The fall in output is because refractories for infrastructure construction was less needed since furnaces of some enterprises with substandard environmental work were forced to stop production whilst environmental protection campaign is being staged across China. The narrowed decline benefited from the recovery of downstream sectors like steel and building materials. It is expected that, in the next 5 years, the refractory market will witness moderate growth and the output of refractories will outnumber 24 Mt in 2022 in the wake of backward capacity being eliminated and the optimised structure of refractory industry.