According to the prediction of China Chemical Equipment Association, with the continuous and rapid growth of petroleum and chemical industry during the 11th Five Year Plan period, China chemical machinery industry will usher in a new development period in the next few years.
 
At present, in the good situation of increasing investment in petroleum and chemical industry, China's chemical machinery industry is quietly carrying out a new round of strategic transformation from quantity expansion to quality improvement in order to adapt to the new changes in demand of petroleum and chemical industry. Experts from China Petroleum and Petrochemical Equipment Industry Association recently pointed out that China's chemical machinery industry has been on the brink of loss for a long time, and the large-scale import of modern petrochemical equipment is one of the main reasons for the low economic efficiency of the industry. However, China's chemical machinery industry in 2004 ushered in a booming market of production and sales, which reversed the industry's loss situation. The main reasons are as follows: first, the domestic and foreign markets have a strong demand for petroleum and chemical equipment; second, technological progress has improved the economic benefits of the whole industry; third, industrial restructuring and enterprise restructuring have made progress.
 
According to the 2004-2005 annual report on China's chemical machinery market, from the perspective of demand structure, the demand potential of petrochemical machinery and plastic machinery is still great. It can be said that after experiencing difficulties, the economic benefits of the chemical machinery industry will maintain stable growth, which is expected to end the long-term loss situation and start to change to a healthy development.
 
According to the analysis of experts in the industry, since last year, with the rising international crude oil price, refineries have set off a climax of building or reforming oil hydrogenation units in order to improve the yield of light oil in the refining process. It is reported that at present, there are more than 100 sets of hydrogenation units in China, while 45 sets of hydrogenation units are under construction and newly built from the second half of 2004 to the first half of 2005. The sudden increase of domestic demand for hydrogenation units makes the equipment manufacturers in short supply. In 2004, many chemical machinery manufacturing enterprises received a large number of orders that had not been seen for many years. The sales volume of products increased significantly, and in the first half of this year, it increased by 30%. Obviously, the petrochemical industry provides strong support for the development of chemical machinery industry.
 
At the same time of strong growth of demand and improvement of economic benefits, China's petroleum and chemical machinery and equipment industry has made great achievements in independent research and development in recent years, cultivating a certain market competitiveness. For example, the 3.5 million T / a heavy oil FCCU designed and manufactured by China has been successfully put into a trial run in Dalian Petrochemical Company, which indicates that China has the complete set of catalytic cracking technology with independent intellectual property rights since then, and has the engineering design, production and construction strength of large-scale FCCU; the ethylene cold box designed and manufactured by Hangzhou oxygen plant is completed in the 710000 T / a ethylene plant of Yanhua It has been put into operation successfully, realizing the localization of large-scale ethylene cold box and reaching the international advanced level; the successful development of 10000 cubic meters natural gas spherical tank, the national major technological equipment localization innovation project undertaken by Hefei General Machinery Research Institute, has filled in the domestic blank. Not long ago, Sui Yongbin, director of national major equipment office and other leaders and experts of domestic equipment manufacturing industry visited Yongjia County, Zhejiang Province, the hometown of China's pumps and valves. They appreciated that they positioned the manufacturing and development of pump and valve equipment in the petroleum and chemical industries and committed to the development and production of high temperature, high pressure and high parameter large pump and valve equipment with large market demand. To this end, a person in charge of Sinopec Ningbo Engineering Company hopes that domestic chemical machinery manufacturing enterprises should adjust the product structure as soon as possible according to the needs, improve the technical content, and meet the needs of advanced, large and complex projects.

In the long run, the domestic chemical machinery market will maintain a more optimistic development trend in the next few years. Some experts believe that in the next five years, oil refining and ethylene will become the leading and core of petrochemical industry, and China's chemical machinery industry will present seven development trends: traditional brand advantage products will still gain a higher market share, such as large-scale synthetic ammonia and urea plants in the high-pressure vessels and other major equipment; petrochemical enterprises energy-saving technology transformation and product structure adjustment The equipment needed will have a large 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 large-scale equipment; the export products and alternative imported products have great potential, for example, the rubber equipment such as tire setting vulcanizer has a good prospect for export, radial tire owner Equipment has obvious price advantage in replacing import; petroleum and chemical products storage and transportation equipment will gain specific market share.