China's chemical machinery and equipment have entered a new track of benign development

According to the prediction of the China Chemical Equipment Association, with the continuous rapid growth of the petroleum and chemical industry during the 11th Five Year Plan period, the Chinese chemical machinery industry will usher in a new period of development in the coming years.

At present, under the favorable situation of increasing investment in the petroleum and chemical industries, China's chemical machinery industry is quietly undergoing a new round of strategic transformation from quantity expansion to quality improvement in order to adapt to the new changes in demand in the petroleum and chemical industries. Experts from the China Petroleum and Petrochemical Equipment Industry Association recently pointed out that the Chinese chemical machinery industry has long been on the brink of losses, and the large-scale import of modern petrochemical equipment is one of the main reasons for the low economic benefits of the industry. However, in 2004, the Chinese chemical machinery industry experienced a booming market with both production and sales, reversing the industry's loss making situation in one fell swoop. The main reason is that there is a strong demand for petroleum and chemical equipment in both domestic and international markets; Secondly, technological progress has improved the economic benefits of the entire industry; Thirdly, there has been progress in industry restructuring and enterprise restructuring.

According to the annual report on the research of China's chemical machinery market from 2004 to 2005, from the perspective of demand structure, there is still great potential for demand in petrochemical machinery, plastic machinery, and other industries. It can be said that after experiencing difficulties, the chemical machinery industry will maintain stable economic growth, and is expected to end the long-term loss situation and begin to shift towards healthy development.

Industry experts have analyzed that since last year, with the high international crude oil prices, refining companies have launched a wave of construction or renovation of petroleum hydrogenation units to improve the yield of light oil products in the refining process. It is reported that currently, China has more than 100 sets of hydrogenation units, and from the second half of 2004 to the first half of 2005, there were 45 sets of hydrogenation units under construction or newly built. The sudden increase in demand for domestic hydrogenation units has led to a situation where equipment manufacturing companies are experiencing a shortage of products. In 2004, many chemical machinery manufacturing enterprises received a large number of orders that they had not seen in many years, resulting in a significant increase in product sales. In the first half of this year, the sales increased by another 30%. Obviously, the petrochemical industry has provided strong support for the development of the chemical machinery industry.

Along with strong demand growth and improved economic benefits, China's petroleum and chemical machinery and equipment industry has also achieved significant results in independent research and development in recent years, cultivating a certain level of market competitiveness. The successful commissioning of a 3.5 million ton/year heavy oil catalytic cracking unit designed and manufactured by China in Dalian Petrochemical marks China's acquisition of a complete set of catalytic cracking technologies with independent intellectual property rights, and the engineering design, production, and construction capabilities of world-class large-scale catalytic cracking units; The ethylene cold box designed and manufactured by Hangzhou Oxygen Plant has been successfully put into operation in Yanhua's 710000 ton/year ethylene plant, achieving the localization of large-scale ethylene cold boxes and reaching the international advanced level; The successful development of the 10000 cubic meter natural gas spherical tank, a national major technological equipment localization innovation project undertaken by Hefei General Machinery Research Institute, has filled the domestic gap. Not long ago, Sui Yongbin, Director of the National Major Equipment Office, and other leaders and experts in the domestic equipment manufacturing industry visited Yongjia County in Zhejiang Province, known as the hometown of pumps and valves in China. They highly praised its positioning in the development of pump and valve equipment manufacturing in the petroleum and chemical industries, and its commitment to the research and production of high-temperature, high-pressure, and high parameter large pump and valve equipment with high market demand. A person in charge of Sinopec Ningbo Engineering Company hopes that domestic chemical machinery manufacturing enterprises will adjust their product structure as soon as possible according to demand, improve their technological content, and meet the needs of advanced, large-scale, and complex projects.

In the long run, the domestic chemical machinery market will maintain a relatively optimistic development trend in the coming years. According to expert analysis, in the next five years, refining and ethylene will become the leaders and core of the petrochemical industry, and China's chemical machinery industry will present seven major development trends: traditional brand advantage products will still gain a high market share, such as major equipment such as high-pressure vessels in large-scale synthetic ammonia and urea plants; The equipment required for energy-saving technology transformation and product structure adjustment in petrochemical enterprises will have great development space; Energy saving and efficient unit equipment will have a large market; Innovation in the development of environmental protection equipment will become a new growth point for chemical equipment; The scaling up of petrochemical plants will bring about the enlargement of equipment; There is great potential for exporting products and replacing imported products, such as tire shaping and vulcanization machines in rubber equipment, which have good prospects for export. The main equipment for radial tires has a significant price advantage in replacing imports; Petroleum and chemical product storage and transportation equipment will gain a specific market share.