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Welding Materials Industry
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| Specifications |
160 |
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1. Demand scale of welding materials from 2004 to 2008
China is the biggest consumer of steel and welding materials in the world. In 2007, the Chinese steel output was 489 million tons and the apparent consumption reached 51,800 tons. The sustainable growth of Chinese steel consumption will stimulate the consumption of the welding materials. In 2007, the output of Chinese welding materials reached 3.75 million tons, which was about 50% of the worldĄŻs output. From the following chart, we can see that the saleroom of Chinese welding materials increased from 10.105 billion Yuan in 2004 to 21.111 billion Yuan in 2007 and the compound annual growth rate was 27.84%.
In 2008, the severer financial crisis is sweeping the world. With the reduction of domestic demand and decline of the export of the real estate, automobile, shipbuilding and steel industry, the China welding materials industry will tend to decline quickly. BBIC considers the saleroom of the Chinese welding materials is expected to be 24.768 billion Yuan, up 17.32% year-on-year. And the growth rate will fall by 21.64 percentage points co***red with 2007. |
| Company: |
Beijing Business & Intelligence Consulting Co., Ltd
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| Contact: |
Mr. zhao Sidney |
| Address: |
Zhichun Road, Haidian District, Beijing, China International Building No. 6 Jinqiu A-1304 |
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| Tel: |
86 10 82961271 |
| Fax: |
86 10 82961279 |
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