The main companies in the gypsum industry: Beijian New Material (000786), Taishan Gypsum, Jason Gypsum Board, Saint-Gobain, Konef, Uniss-Giboro, Shandong Bayer, Wanjia Building Materials, etc
The core data of this paper: gypsum utilization, gypsum production, gypsum output value, gypsum import and export volume
Overview of industrial development
1. Definitions
Gypsum is a monoclinic crystalline mineral that is a hydrate whose main chemical component is calcium sulfate (CaSO4). Gypsum as a building material has a history of thousands of years, because of its low-carbon, environmental protection and other excellent properties and more attention, its product categories are increasingly perfect. Gypsum industry refers to the gypsum products industry that is processed and manufactured by using natural gypsum and industrial by-product gypsum.
2. Analysis of industrial chain
The upstream of the gypsum industry chain is mainly for raw materials and fuel power required in production and processing, etc., and raw materials mainly include natural gypsum and industrial by-product gypsum (phosphogypsum, desulfurization gypsum, etc.). China's natural gypsum distribution is too concentrated, the proportion of high-quality resources is relatively low, and the mining is not standardized, easy to damage the environment, safety accidents, coupled with a large number of industrial by-product gypsum storage, phosphogypsum and desulfurization gypsum gradually replaced the natural gypsum, becoming the main raw material of gypsum board.
The middle reaches of the gypsum industry chain are the production, processing and manufacturing of gypsum products, gypsum board, gypsum board are the main gypsum products, in addition, there are gypsum mortar, self-leveling gypsum and so on.
The downstream application industries of the gypsum industry chain mainly include the construction industry, the chemical industry (cement), agriculture, the pharmaceutical industry, etc., of which the construction industry and the chemical industry are the main application industries.
From the perspective of participating enterprises, the upstream participation of the gypsum industry chain mainly includes Ongfu Group, Yuntianhua, Taihe, China Electric Power, China Guodian, etc., the main participating enterprises in the midstream are Beijian New Material, Taishan Gypsum, Konefu, etc., and the main downstream participating enterprises mainly include China Railway Construction, China Railway, China National Building Materials, etc.
Industry development process
China's gypsum industry is a small and unremarkable industry in the national economy, and the overall development speed of the industry is relatively low. Taking the development process of gypsum board in the main market segments of the gypsum industry as an example, the development of China's gypsum board industry has gone through four stages, namely: the primary stage, the growth stage, the rapid development and the steady development stage.
Status of industrial development
1. The overall development of the industry: the gypsum production capacity has gradually expanded, and the characteristics of self-production and self-sales are obvious
——Gypsum production capacity: major enterprises strengthen the layout, gypsum production capacity expanded
In recent years, China's gypsum production capacity has been expanding, and by the end of 2020, China's gypsum board production capacity has reached 4.78 billion square meters. In addition, the company increased the layout of the gypsum industry, gypsum production projects continue to be put into operation, on June 29, 2021, the anhydrous gypsum project of Guizhou Phosphating Group Kaidi Green Building Materials Co., Ltd. located in Xifeng County, Guiyang City, was officially completed and put into operation. The total investment of the project is 75 million yuan, which can achieve an annual output of 300,000 tons of anhydrous gypsum production capacity and an annual consumption of 420,000 tons of phosphogypsum.
——Gypsum utilization: Infrastructure construction is driven by high demand growth, and the total utilization of gypsum in recent years has remained between 120 million and 140 million tons
The application of gypsum is mainly in three aspects: housing construction (construction gypsum, used for indoor plastering and painting or construction gypsum products, etc.), cement (gypsum acts as a retardant), and agriculture (mainly used for soil conditioning and fertilizer). Large-scale industrialization has led to rapid development of infrastructure construction, while also stimulating the growing demand for high-quality housing and better living conditions for an increasingly prosperous population. In recent years, the total utilization of gypsum in China has remained between 120 million and 140 million tons. Among them, industrial by-product gypsum accounts for about 80% of the proportion.
——Gypsum output value: Gypsum output value has steadily increased
In recent years, the output value of China's gypsum industry has continued to be about 40 billion yuan, 40 billion yuan in 2016, and about 45 billion yuan in 2018, of which gypsum building materials are about 40 billion yuan. In 2020, under the epidemic, the early construction industry and the cement industry were negatively affected, which in turn affected the overall demand of the industry, and the preliminary estimate is about 47.7 billion yuan in 2020.
——Gypsum import and export situation: The gypsum industry continues to be in a state of trade deficit
From 2016 to 2020, the total import and export volume of China's gypsum industry showed a fluctuating trend, reaching 65.2301 million US dollars in 2020, a slight decline of 1.3% year-on-year. Among them, the import value was 46.2545 million US dollars, which was down compared with 2019; Exports were $18.9756 million, up slightly compared to 2019. In addition, from 2016 to 2020, China's gypsum industry continued to be in a state of trade deficit, and the gypsum produced in China was basically used domestically.
From January to May 2021, the total import and export volume of gypsum in China was 32.8416 million US dollars, of which the import amount was 22.6605 million US dollars and the export amount was 10.1811 million US dollars.
2, market segment one: gypsum board industry
——Gypsum board production capacity: industrial projects were put into construction, and gypsum board production capacity was expanded
The "Golden Decade" of real estate development has promoted the increase in demand for gypsum board, and the change of housing standards and the rise in social recognition have also promoted the rapid promotion of gypsum board. With the continuous construction of gypsum industry projects, China's gypsum board production capacity continues to expand, as of the end of 2020, China's gypsum board industry production capacity of about 4.78 billion square meters, an increase of 180 million square meters year-on-year.
——Gypsum board production and sales: Gypsum board production continues to expand, continue to maintain development vitality
While the industry's production capacity continues to expand, the output of gypsum board continues to increase. In 2018-2019, the development of China's gypsum board industry continued to maintain vitality. In 2020, the national gypsum board output was about 3.35 billion square meters, which was only slightly increased by 0.9% year-on-year due to the impact of the epidemic.
3, market segment two: gypsum powder industry
——The output of gypsum powder showed an increasing trend
In recent years, with the continuous growth of China's construction market demand, gypsum powder production has shown an increasing trend. Taking high-strength gypsum as an example, high-strength gypsum is a kind of gypsum with high strength, and the two-water gypsum is steamed under 1.3 atmospheres and 124 ° C saturated water vapor, and the α type of semi-water gypsum is finely ground to obtain high-strength gypsum powder. At present, China's high-strength gypsum production capacity exceeds 3Mt/year, of which the α high-strength gypsum production capacity is 600kt/year.
In recent years, domestic enterprises have actively invested in the use of industrial by-product gypsum production of high-strength gypsum research and development, especially the use of hydrothermal method to prepare high-strength gypsum research has made good progress, the use of by-product gypsum including chlor-alkali gypsum, phosphorus gypsum, desulfurization gypsum, etc., high-strength gypsum production continues to grow, about 2540kt in 2018, preliminary estimates exceed 3000kt in 2020.
Industrial competition pattern
1. Regional competition: the number of gypsum enterprises in Fujian Province is relatively large
There are many participants in China's gypsum industry, and the key "gypsum" is searched on the qicha cat platform, and the data shows that there are currently tens of thousands of gypsum-related enterprises in China. Through the summary of the location of enterprises, it can be seen that the number of gypsum enterprises in Fujian Province is relatively large, and on the whole, the number of gypsum enterprises in the southern and eastern regions of China is relatively large.
From the perspective of the regional distribution of representative enterprises, the representative enterprises of the wogou gypsum industry are mainly distributed in the eastern region, of which Beijian New Materials is located in Beijing, and has now developed into the largest green building new material group in China and the world's largest gypsum board industry group.
2, enterprise competition: Beijian New Material gypsum board production capacity in the forefront
At present, the main players in the domestic gypsum market can be divided into three echelons. The first echelon is internationally renowned enterprises such as Beijian New Material, Knauf, Saint-Gobain and Boro. The annual production capacity of Beijian New Material Gypsum Board ranks first in the world, and the annual output of a single machine representing the advanced production process can reach 50 million square meters, and the industry leading position is stable. The total production capacity of Konef, Saint-Gobain and Borough is about 400 million square meters, and the annual output of its single machine in China can reach 30 million square meters.
The production equipment, technology research and development, and product quality of the first echelon enterprises are all international standards, and they are the main participants in China's gypsum market. The second echelon is a private enterprise with an annual output of less than 10 million square meters per machine, which is mainly distributed in Linyi, Shandong, Jinzhou, Hebei and Changde, Hunan, with a total of more than 20. The third echelon is a large number of small private enterprises, whose product quality and environmental protection standards cannot meet the relevant national standards.
Industrial development prospects and trend forecasts
-- The overall development of the industry is unbalanced, and the need for structural adjustment and industrial upgrading is urgent
The most important change in China's gypsum industry in the past 10 years is the change in the supply of raw materials, from natural raw materials to industrial by-product gypsum raw materials, and the speed is very fast. According to the US mining industry, the world's demand for gypsum will increase at a rate of 2.5% in the next few years. From the perspective of the industry as a whole, the overall development of China's gypsum industry is unbalanced at present, and it is facing the urgent need for structural adjustment and industrial upgrading.
——Driven by market demand, the industry has great potential for development
At present, China is already a large gypsum consumer, in the future, with the sustained and stable improvement of China's economy, infrastructure construction and real estate industry booming, driven by market demand, gypsum industry development potential is huge. In addition, with the continuous release of the comprehensive utilization policy of industrial by-product gypsum, the structure of gypsum utilization in China will be continuously adjusted, and the raw materials will become more inclined to industrial by-product gypsum. Overall, in the future, the demand for gypsum market in China will show a steady trend of growth, and it is expected to be close to 200 million tons by 2026.
The above data refers to the Prospective Industry Research Institute's "China Gypsum Industry Market Prospective Forecast and Investment Planning Analysis Report", and the Prospective Industry Research Institute also provides industrial big data, industrial research, industrial chain consulting, industrial map, industrial planning, park planning, industrial investment attraction, IPO fundraising and investment feasibility study, prospectus writing and other solutions.
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