China's petrochemical industry is currently developing in the direction of large-scale, large-scale and internationalization. It is expected that China's petrochemical industry will maintain a sustainable growth rate within the next 3 to 5 years, but it will not exceed the current speed of development. At present, China's crude oil production is 189 million tons, crude oil processing volume is 405 million tons, ethylene production is 14.19 million tons, and fertilizer production is 66.2 million tons.

It is expected that by 2012, 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 annual domestic ethylene demand will increase by 6 million tons. Therefore, in the next 3 to 5 years, it is necessary to increase the annual ethylene production capacity from 2.5 million tons to 3 million tons. The petrochemical industry will use foreign capital or joint ventures to build large ethylene plants with an annual output of 600,000 tons in Yangzi, Fujian and Tianjin. At the same time, Yanshan, Yangtze, Qilu, Maoming and other large and medium-sized ethylene expansion and reconstruction. On the other hand, the ethylene in the international market has a great impact on the Chinese market. The domestic ethylene industry has to adopt various measures to reduce production costs, including increasing the localization rate of equipment in the second phase of ethylene expansion and reconstruction, which will give petrochemical Use pumps to bring new growth points.

It is estimated that by 2012, China's annual demand for crude oil will reach 280 million tons, and annual import of crude oil will be 80 million tons to 100 million tons. In the next 3 to 5 years, new large-scale ethylene plants such as the Yangtze, Fujian, Tianjin, and Shanghai will need to be equipped with newly-built integrated oil refining equipment; at the same time, the refining equipment will also build 10 million tons of atmospheric and vacuum units and 3 million tons of oil. Pressurized cracking units; on the other hand, many of the various types of pumps currently in operation in various oil refineries are aging and are in urgent need of renewal and transformation. For the oil industry in terms of oil production, oil delivery, oil refining, etc., it is expected that in the next 3 to 5 years, highly efficient injection pumps, heavy oil pumps, oil pump pipelines, and screw pumps will have a stable market demand.

For the three major chemical pumps, the market demand for large-scale chemical fertilizers such as methylamine pumps, large and medium-sized high-temperature high-pressure magnetic pumps, and special materials for non-metallic chemical pumps will increase.