Relying on the advantages of raw materials such as bauxite and magnesite, China has been the largest producer of refractory materials in the world for many years. According to statistics, from 2014 to 2017, in the context of supply-side reform, downstream steel and other industries continued to reduce overcapacity and superimposed refractory materials. The extended life of materials has led to a decrease in unit consumption, and the demand for refractory materials has continued to adjust. The output has dropped from 29.2825 million tons to 22.9254 million tons. From 2018 to 2020, benefiting from the development of the downstream industry, output stabilized and rebounded slightly. As of 2021, the output of refractory materials has reached 24.0267 million tons, a year-on-year decrease of 3.04%; as of 2022, my country's refractory material output has reached 23.0099 million tons, a year-on-year decrease of 4.23%.

After entering the 21st century, with the deepening of reform and opening up, our country has ushered in a great development of the metallurgical industry. Especially after 2003, driven by the rapid development of steel, building materials, petrochemical and other industries, batches of private and joint venture refractory materials Enterprises stepped onto the stage, and the refractory materials industry developed rapidly. Since 2013, with the advancement of my country's economic transformation and development and industrial policies such as energy conservation, emission reduction, and compression of backward production capacity, the growth rate of high-temperature industries such as steel, nonferrous metals, and building materials has slowed down, which has also indirectly guided the development direction of refractory materials. In recent years, In the coming years, the overall market size of my country's refractory materials industry will grow. As of 2022, the market size will be approximately 171.798 billion yuan.

The influence of my country's refractory industry in the world's refractory industry continues to increase. At present, our country has become the manufacturing center, consumption center and trade center of refractory materials in the world. The competitiveness of my country's refractory products in the international market is gradually increasing, with markets covering about 150 countries and regions including Southeast Asia, North America, South America, the European Union, and Russia. Judging from the export quantity of my country's refractory products from 2014 to 2022, although the export quantity of my country's refractory products has not changed much, the export price has increased rapidly, indicating that the export product structure is optimizing. In the past few years, the main downstream industries of refractory materials have continued to develop at a rapid pace, which will promote the gradual increase in demand for refractory materials. So far, China's steel, cement, non-ferrous metal smelting, glass and ceramics production ranks first in the world. In the next few years, domestic steel companies' demand for refractory materials will continue to increase.