Industry new

Magnetic material market prospects bright

The “12th Five-Year Development Plan for New Materials Industry” issued by the Ministry of Industry and Information Technology this year (herein referred to as the “Planning”) shows that China will vigorously develop the new material industry during the 12th Five-Year Plan period, and the total output value of new materials industry will reach 20,000 by 2015. 100 million yuan. "Planning" proposes a series of high-value-added products for the downstream rare earth industry, including the new permanent magnet material production capacity of 20,000 tons/year. Rare-earth permanent magnet materials are called new-generation permanent magnetic materials and are widely used in motors, sensors, and magnetic bearings. The permanent magnet is one of the four high value-added application fields of rare earth functional materials, and the permanent magnet application has the largest scale and potential.
China's magnetic materials industry has become a major magnetic material producing country and manufacturing center in the world by virtue of its abundant resources and labor advantages as well as huge domestic and foreign market support. According to the reporter of the Refrigeration Express, China's low-end magnetic products account for more than 60% of the international market, and high-end products have also begun to become competitive. Looking at the needs of the development of international and domestic markets, driven by the communications market, the computer market, the automotive and electric bicycle market, and the consumer electronics market, the magnetic material market has a bright future. With the promulgation and implementation of industrial support policies, a large number of enterprises are still adhering to the policy of the east wind to seize the commanding heights of the market, the unprecedented competitive situation, the development of magnetic materials industry will usher in a golden opportunity period.
According to statistics of air-conditioner and refrigeration market, micro-motors and magnetic materials are close to 100 billion yuan in both markets. China is its major production and consumption base. Micro motors and magnetic materials are closely related to electronics. The two major themes are displayed together, which will more effectively share audience resources and create a one-stop shopping platform for buyers and professional visitors to purchase centrally. With the Guangzhou-centered Pearl River Delta region as the world's largest electronics industry manufacturing base, the industry scale ranks first in the country for 18 years in a row. The total output value accounts for about one-third of the country's total, and there are more than 100,000 electronics and related industry manufacturers. A well-deserved electronics industry manufacturing and procurement center. Fifty-two percent of the domestic and foreign trade in the Chinese electronics industry is completed in the region through exhibitions.

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