"Eleventh Five-Year" Development Trend of Chemical Machinery Industry

According to estimates, during the "Eleventh Five-Year Plan" period and before 2020, the average annual growth rate of China's machinery industry will still reach 12% to 15%, but the development of various sub-sectors of the machinery industry will show a trend of differentiation. Major technical equipment, mainly petrochemical general equipment, and high-tech equipment manufacturing industry represented by CNC machine tools, will continue to maintain rapid growth.

Zhang Jiaming, director of the information department of the China Petroleum and Petrochemical Equipment Industry Association, recently wrote that the chemical machinery industry has been on the verge of loss for a long time, and the large import of modern large-scale petrochemical equipment is one of the main reasons for the low economic efficiency of the industry. However, in 2004, the production and sales of chemical machinery broke out, which reversed the loss of the entire industry in one fell swoop. The main reasons are as follows:
First of all, there is a strong demand for petroleum and chemical equipment in domestic and foreign markets. In 2004, the market's demand for chemical equipment suddenly increased, which brought a turning point for the petrochemical equipment industry. For example, due to the shortage of crude oil and the price increase, in order to obtain more light oils (liquefied petroleum gas, gasoline, kerosene, diesel, lubricating oil, etc.) in the refining process, refineries set off a climax of construction or transformation of petroleum hydrogenation equipment.