With the advancement of the social industry, the demand for valves and other products in the petrochemical industry has also shown a trend of professionalization, standardization, large-scale, and complete sets, and the requirements for energy conservation are also increasing. It is expected that there will still be a major improvement in the valve industry in the next few years.
Valve market demand is expanding
At present, China's petrochemical industry is developing towards large-scale, large-scale and internationalization, and will continue to maintain sustainable development in the next five years. Dozens of domestic 10 million-ton refinery units and millions of tons of ethylene units will be built, rebuilt and expanded, opening up a broad market for the demand for petrochemical valves. In addition, various types of pumps currently operating in various refineries in China are old and aging, and are in urgent need of renewal and modification.
In the next 5 years, Sinopec valves will be the main demand, especially high temperature and high pressure valves, low temperature valves and ultra-low temperature valves, corrosion-resistant stainless steel valves, conveying viscous media and production technology of stainless steel ball valves with solid particle media will develop rapidly, the demand will be large The increase is in scope.
In terms of price, the price of the valve market has been relatively stable in recent years. Although it is slightly up and down every year, the range is very small, and the market prospect is still worthy of optimism. In terms of scale, according to the statistics of the National Bureau of Statistics in 2009, there are more than 1,700 enterprises above designated size in China's valve manufacturing industry, and the production valves are close to 4 million tons.
Complete sets and standardization are the development trend
With the advancement of the social industry, the demand for valves and other products in the petrochemical industry has also shown a trend of professionalization, standardization, large-scale, and complete sets, and the requirements for energy conservation are also increasing. Valves will also usher in new opportunities and turning points due to the integration of electromechanical valves. The market demand for electromechanical valves has begun to increase, and the market still has potential development space, but at the same time, the quality and requirements of products are higher. . Valve industry products have entered an era of innovation, not only the product category needs to be updated, but also the internal management of the enterprise needs to be deepened according to industry standards. Although the development of the valve industry has been stable for a long time, there are still non-standard competitions in the industry. For example, some operators have carried out the second sale after renovating and repainting the used valves, which brings serious safety hazards to the project quality and seriously disturbs. Valve market order.
However, it is believed that as the market matures and the law develops soundly, the competitive environment facing the valve industry will become more benign in the future. As the industry demands more specialized products and the awareness of energy conservation in the whole society, the valve industry will develop in two directions. One is to develop from a single variety to multiple varieties and multiple specifications, and the other is to develop towards energy conservation. Therefore, in the future, the valve industry will move toward the two main players, which will determine the trend of a valve manufacturer to provide more and more.
Contact Person: Mr. Brandon Bao