For a long time, the original innovation of China's chemical machinery is insufficient, and the whole industry is on the edge of loss. A large number of imports of modern large-scale petrochemical equipment are one of the main reasons for the low economic efficiency of the industry. In 2004, the chemical machinery industry ushered in a booming market of both production and marketing, reversing the loss situation of the whole industry at one stroke. The main reasons are: firstly, the demand for petroleum and chemical equipment in domestic and foreign markets is strong; secondly, technological progress has improved the economic benefits of the whole industry; thirdly, the industrial restructuring and enterprise restructuring have made progress.
According to the annual report of China's Chemical Machinery Market Research from 2004 to 2005, from the perspective of demand structure, the demand potential of petrochemical machinery, plastic machinery and so on is still great. It can be said that after the chemical machinery industry has gone through difficulties, the economic benefits will maintain stable growth, hopefully ending the situation of long-term losses and starting to change to a benign development.
Expert analysis shows that since last year, with the rise of international crude oil prices, refining enterprises have set off a climax of building or reforming petroleum hydrogenation units in order to improve the yield of light oil products in the refining process. At present, China has more than 100 sets of hydrogenation units, while 45 sets of hydrogenation units were under construction and newly built from the second half of 2004 to the first half of 2005. The demand of domestic hydrogenation unit suddenly enlarged, which caused equipment manufacturers to meet the demand of supply shortage. In 2004, many chemical machinery manufacturing enterprises received a large number of orders which had not been seen for many years. Sales of products increased significantly, and increased by 30% in the first half of this year. Obviously, the petrochemical industry has provided strong support for the development of chemical machinery industry.
In recent years, China's petroleum and chemical machinery and equipment industry has also made considerable achievements in independent research and development. The 3.5 million tons/year heavy oil catalytic cracking unit designed and manufactured by China has been successfully commissioned in Dalian Petrochemical Company for one feeding test run, which marks that China has since owned a complete set of catalytic cracking technologies with independent intellectual property rights and has a world-class capacity. The engineering design, production and construction strength of Catalytic Cracking Unit Type I; The ethylene cold box designed and manufactured by Hangzhou Oxygen Making Machine Factory was successfully put into operation in Yanhua 710,000 tons/year ethylene plant, realizing the localization of large-scale ethylene cold box and reaching the international advanced level; The national major technological equipment localization innovation undertaken by Hefei General Machinery Research Institute The successful development of the project, the 10 thousand cubic meter natural gas spherical tank, has filled the gap in China.
In the long run, the domestic market for chemical machinery will remain relatively optimistic in the next few years. Experts believe that in the next five years, refining and ethylene will become the leading and core industries in petrochemical industry. China's chemical machinery industry will show seven major trends: traditional brand-name products will still gain a higher market share, such as high-pressure vessels in large-scale ammonia and urea plants; energy-saving in petrochemical enterprises The equipment needed for technological transformation and product restructuring will have a larger development space; the energy-saving and efficient unit equipment will have a large market; the development and innovation of environmental protection equipment will become a new growth point of chemical equipment; the large-scale petrochemical equipment will bring about the large-scale equipment; the export products and the substitution of imported products have great potential, for example. The export of tire vulcanizer in rubber equipment has good prospects. The main equipment of radial tire has obvious price advantage in replacing import. The storage and transportation equipment of petroleum and chemical products will gain specific market share.

