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The development of China's valve industry has been for several decades. During this period, domestic policies and economic conditions have improved, providing the valve industry with favorable conditions for development. The room for its rise is also very large. It is expected that there will be a major increase in the valve industry in the coming years.
At present, China's petrochemical industry is moving in the direction of large-scale, large-scale and internationalization, and it will maintain sustainable development in the next five years. Tens of thousands of tons of oil refinery equipment and one million tons of ethylene equipment will be built and rebuilt in the country, opening up a vast market for petrochemical valves. In addition, various types of pumps currently in operation at various refineries in the country have become obsolete and are in urgent need of renewal and transformation.
In the next five years, the development direction of China Petrochemical's valves will be large-scale, mechanical and electrical integration, as well as complete product set-up and standardization. In particular, the production technology of high-temperature and high-pressure valves, cryogenic and ultra-low temperature valves, corrosion-resistant stainless steel valves, and delivery of viscous medium and stainless steel ball valves with solid particles will rapidly develop and the demand will increase significantly.
China's apparent consumption has reached a quarter of the world's highest level and close to the global total consumption. The per capita consumption of stainless steel has reached 3.4KG, ranking the forefront of developing countries. Stainless steel valves have excellent characteristics such as corrosion resistance, high strength, light weight and long service life. In recent years, stainless steel valves have been widely used in shipbuilding, rail vehicles and other transportation industries. With the development of machinery manufacturing, stainless steel valves will have a broader application prospects. However, the growth rate of consumption has gradually slowed down, and the ultra-high-speed development stage with an average annual growth rate of over 30% has changed into a steady development stage with a current growth rate of 6.43%.
The price of the valve market is relatively stable. Although there are slight increases and decreases every year, the range is very small and the market prospect is still promising. According to statistical data provided by the National Bureau of Statistics in 2009, there are more than 1,700 enterprises above designated size in China's valve manufacturing industry, with production valves close to 4 million tons, industrial output value of 114.7 billion yuan, and total profit of 6.39 billion yuan. In the future, the valve industry will develop in two major directions. First, it will develop from a single species to more varieties and more specifications, and second, it will develop in the direction of energy conservation. In order to meet the needs of a complete set of manufacturing projects, an enterprise needs to manufacture the valves required for the project, which determines that all the valve manufacturers will provide more and more trends.