In 2021, the total output value of new materials in China is about 7 trillion yuan. It is estimated that the total output value of new material industry will reach 10 trillion yuan in 2025. The industrial structure is dominated by special functional materials, modern polymer materials and high-end metal structural materials.

With the support of national policies for new materials and their downstream products in the fields of aerospace, military, consumer electronics, automotive electronics, photovoltaic electronics, biomedicine, the market demand continues to expand, and the requirements for product continues to improve.

The demand for localization of new materials is urgent,industries including consumer electronics, new energy, semiconductors and carbon fibers have accelerated their transfer.The launch of the sci-tech innovation board is supporting a number of start-up new material enterprises, opening up financing channels and encouraging enterprises to increase R & D and innovation, so as to promote the transformation and upgrading of the whole industry.

Main development trend of new materials in the future:

1. Lightweight materials: such as carbon fiber, aluminum alloy, automobile body panels

2. Aerospace Materials: polyimide, silicon carbide fiber, quartz fiber

3. Semiconductor materials: silicon wafer, silicon carbide(SIC), high-purity metal sputtering target materials