Electronic Materials Industry

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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.

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Magnets need to meet many different inteational standards of compliance for materials. 
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