Electronic Materials Industry
Industrial Applications of Electronic Materials
China's electronic materials industry is advancing swiftly due to new energy, big data, and AI technologies, along with the rapid implementation of 5G-led new infrastructure projects. The industry, comprising battery, semiconductor, and display materials, has made significant strides. Magnetic filtration devices are widely utilized in battery and semiconductor manufacturing.
Battery Materials:
Overview: EV development is a priority amidst global energy and environmental challenges. China's new energy vehicle market has surged, leading the world for eight straight years.
Statistics: In 2022, China produced and sold approximately 705.80 million and 688.70 million new energy vehicles, with YoY growth rates of 96.9% and 93.4%. Cumulative power battery production reached 545.9 GWh, up 148.5% YoY.
Market Outlook: The new energy vehicle market is forecasted to grow around 35% YoY in 2023, with a 35% penetration rate. Over the next 3-5 years, sustained 30-40% annual growth is anticipated, positioning China as the first to achieve annual sales of over 10 million new energy vehicles.
Semiconductor Materials:
Market Growth: China's semiconductor market expanded from $913.75 billion in 2014 to $1,925 billion in 2021, showing an 11.23% CAGR.
IC Industry Size: In 2021, China's IC industry reached 10,458 billion RMB, encompassing IC design, manufacturing, and testing.
Industry Trends: The semiconductor industry is gravitating towards domestic substitution due to trade deficits and high chip import dependence. The market is poised to grow at approximately 15% annually from 2022 to 2027, reaching $445.3 billion by 2027.
Magnetic Filtration in Manufacturing:
Battery Materials: Magnetic filtration devices play a crucial role in battery material production, ensuring purity in processes like electrode manufacturing and cell assembly.
Semiconductor Materials: In semiconductor manufacturing, magnetic filtration is vital for removing impurities during processes such as crushing, cleaning, and filtering.
