For the three major chemical pumps, the market demand for large fertilizer methylamine pumps, large and medium-sized high temperature and high pressure magnetic pumps, and non-metallic chemical pumps of special materials will have a certain growth.

At present, China’s petrochemical industry is developing towards large-scale, large-scale and international development. It is expected that in the next 3 to 5 years, China’s petrochemical industry will maintain a sustainable development rate, but it will not be higher than the current development rate.

It is expected that by 2022, the demand for petrochemicals will be higher than the annual demand for ethylene of 30 million tons. If the domestic self-sufficiency rate remains at 60%, then the domestic ethylene demand will increase by 6 million tons a year.

It is expected that by 2022, China’s annual demand for crude oil will reach 280 million tons, and annual import of crude oil will be 80 million to 100 million tons. On the other hand, many of the various types of pumps currently operated by various refineries are old and in urgent need of renewal and transformation. For the petroleum industry in oil production, oil transmission, refining, etc., it is expected that in the next 3 to 5 years, there will be a stable market demand for high-efficiency injection pumps, heavy oil pumps, oil pump pipelines and screw pumps.

Therefore, it is necessary to increase the annual production capacity of ethylene by 2.5 million to 3 million tons in the next three to five years. The petrochemical industry will use foreign capital or joint ventures to build large ethylene plants with an annual output of 600,000 tons in Yangtze, Fujian and Tianjin. At the same time, the expansion and transformation of large and medium-sized ethylene in Yanshan, Yangzi, Qilu and Maoming were carried out. On the other hand, the international market of ethylene has a great impact on China’s market, and the domestic ethylene industry has to take various measures to reduce production costs, including the second phase of the ethylene expansion and renovation to try to improve the localization rate of equipment, which will bring new growth points for petrochemical pumps.