Mining ventilator is indispensable in various mining activities. It has a long service life owing to low failure rate, so its replacement period is relatively long. Therefore, the demand of new mining ventilator has direct relationship with the newly increased projects of mining industry. At present, on the one hand, though China's demand of mineral resources in a short term has been relieved, the long-term demand is far from fulfilled, and the price still fluctuates at a high level, and the mineral exploration is getting arduous, and the investment into mining activities slows down. In China, some bulk mineral products also need importing from other countries, and the trade of mineral products has kept robust development.
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According to statistics, now the mining ventilators that in service in China are about 16,000 sets, and more than 50 main ventilator manufacturing enterprises have acquired the Safety Certificate of Approval for Coal Mining Products (MA) and Safety Certificate of Approval for Mining Products (KA), and they are mainly distributed in Hunan, Shanxi, Shandong and Jiangxi, etc. The market scale of main ventilator in 2013 reached CNY 2.094 billion, up 9.2% over last year.
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At present, there are about 250,000 sets local ventilators for coal mining that are in service in China. And about 110 local ventilator manufacturing enterprises have acquired MA and KA marks (including about 10 non-coal mine production enterprises), and they are mainly distributed in Hunan, Shanxi, Chongqing, Shandong and Jiangxi, etc, total 19 provinces, cities and autonomous regions. In 2013, China's local ventilator market scale reached CNY 3.576 billion, in which the coal mining was CNY 3.219 billion and nonferrous metal was CNY 336 million.
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As automobile tire industry and the downstream synthetic rubber market develop constantly, the demand of rubber will remain a stable increase trend. It is estimated that the consumption of natural rubber in China will reach 3.51 million tons in the end of 2014, and 4.52 million tons in 2018 with a growth rate of 6.5% per year. From the perspective of the demand in long and middle term, the factors that influence China's demand of mineral resources basically do not change, and the contradiction between supply and demand of mineral resources is sure to exist for a long time. Radiant Insights estimated that the market scale of China's mining ventilator will reach CNY 7.631 billion in 2014, and CNY 12.15 billion in 2018, with an annual growth rate of 12.3%.
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