Top Seven Petroleum and Petrochemical Equipment Development Trends in China’s Eleventh Five-Year Plan Period

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Researched by Industrial Info Resources (Sugar Land, Texas). According to information from China Petroleum and Petrochemical Equipment Industry Association (CPEIA) (Beijing, China), the eleventh five-year plan period marks sustainable and rapid growth in China's petroleum and chemical industry. This provides an opportunity for the continued expansion of China's petroleum and petrochemical equipment industry. It's predicted that the development of China's petroleum and petrochemical equipment industry will follow the seven trends below.

1. With traditional Chinese premium brands like Daqing Equipment Manufacturing Group (Daqing city, Heilongjiang province, Northeast China) and RG Petro-Machinery Group (Nanyang city, Henan province, Central China) dominating the overall market, the demand for large and heavy equipment like large-scale synthetic ammonia equipment and high-pressure containers used in urea equipment will continue to enjoy momentum.

2. The market for equipment used in energy conservation technology reform and product mix adjustment, like coal-water gasifiers used in chemical fertilizer manufacturing equipment and radial tire equipment used in rubber machineries, has a great potential to grow.

3. Highly efficient and energy conservation equipment will enjoy a large market.

4. Development and innovation of environmental protection equipment will become a new growth point as companies make efforts to develop equipment used in treatment and comprehensive utilization of “three wastes” (waste gas, waste water and industrial residue).

5. Large-scale petroleum and petrochemical equipment catches on. For example, enameling reaction tanks and preservation tanks used in paints, medicine and pesticide production tend to become larger.

6. Products to export and to replace imports have a great potential. For example, tire shaping sulfuration machine has a good prospect to export.

7. Petroleum and petrochemical products preservation and transportation equipment will become popular to facilitate export. For example, railway tank and truck tank will be diversified.

*** Founded in 1985, CPEIA is a nationwide guild made up by companies, research institutes, designing firms as well as university and colleges related to the industrial equipment used in petroleum industry, including geological prospecting, oilfield exploration, preservation and transportation as well as petrochemical industry including oil refining, irrespective of locations and ownerships. All members join CPEIA voluntarily.

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