Advanced Materials Market in China
- The Chinese market for advanced materials increased from $24.6 billion in 2006 to $30.5 billion by the end of 2007. It should reach $60.5 billion by 2012, a compound annual growth rate (CAGR) of 14.7%.
- Advanced metals and alloys, and nano materials are expected to grow at the fastest rates among major industry segments, reaching CAGRs of 19.0% and 18.0% respectively from 2007 to 2012.
- In the segment of advanced nonmetal materials, advanced polymers and advanced composites are the largest groups.
As an important part of the national sustainable development strategy, the development of advanced materials is advancing the competitive nature and state of the art for Chinese industry. The State has put advanced materials high on its development agenda for the next decade and listed it among the key high-tech industry sectors that would be given priority for development by the State Council. At present, the pace of building China's advanced materials industry is accelerating. Advanced materials have been key fields in China's national R&D system (National High Technology Research and Development Program (863 Program) and National Basic Research Program (973 Program)).
With over 1.3 billion people and steady economic growth, China has become one of the fastest growing advanced materials markets in the world. BCC's goal in conducting this study was to determine the current status of China's advanced materials industry and to assess its growth potential over a 5-year period from 2007 to 2012. A primary objective was to present a comprehensive analysis of China's current advanced materials market and project its future direction.
SCOPE OF STUDY
This report contains:
- Descriptions of various types of advanced materials including advanced ceramics, advanced polymers, advanced metals and alloys, advanced composites, energy materials, and nano materials
- The current market status of China's advanced materials industry, with trends and forecasts for growth over the next 5 years
- Analysis of advanced materials-related patents
- Discussion of important regulations for China's advanced materials industry
- Profiles of major companies working in advanced materials in China.
METHODOLOGY AND INFORMATION SOURCES
The material presented is based on an extensive review of secondary sources such as technical papers, industry conferences, trade publications, industry associations, company literature, and government data. Final analyses and projections are based the consensus of secondary sources combined with BCC Research's understanding of the impact of trends from a historical perspective. All dollar data presented in this report are based on the exchange rate of US $1 = RMB 7.45 (Yuan).
ABOUT THE AUTHOR
Baijun Li is a research analyst covering advanced materials, environmental protection and auto components. Mr. Li is an independent consultant in China, and has worked with BCC for 6 years. He has authored marketing/technical reports on magnetic materials, engineering plastics, environmental protection, industrial machinery and auto components. With over 13 years of research and business experience in China, he has assisted in numerous business consulting studies---market opportunity analysis; market profiles and assessment; competitive intelligence; market feasibility and market entry. He has a B.S., Materials Science from Shanghai Jiaotong University; and is a certified securities investment consultant.