Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Chinese Market for Advanced Materials Worth $60.5 Billion by 2012

Abstract:
According to a new technical market research report, THE ADVANCED MATERIALS MARKET IN CHINA (AVM061A) from BCC Research (www.bccresearch.com), the Chinese market for advanced materials was worth $30.5 billion in 2007. This is expected to increase to over $60.5 billion by 2012, a compound average annual growth rate (CAGR) of 14.7%.

Chinese Market for Advanced Materials Worth $60.5 Billion by 2012

WELLESLEY, MA | Posted on January 22nd, 2008

The market is broken down into applications of advanced nonmetal materials, advanced metals and alloys, energy materials and nano materials. Of these, advanced nonmetal materials have the largest share of the market. Valued at nearly $16.7 billion in 2007, this segment is expected to be worth about $29.2 billion by 2012, a CAGR of 11.8%. In this segment, advanced polymers and advanced composites are the largest groups. Their consumption accounted for more than 97% in 2006 in China.

The second largest segment, advanced metals and alloys, was worth $11.3 billion in 2007 and is expected to reach $26.8 billion by 2012. In terms of value, aluminum alloys and rare earth magnets (NdFeB) have been the top two segments in Chinas advanced metals and alloys industry, accounting for more than 80% of the value of Chinas advanced metals and alloys market in 2006.

Chinas 2006 energy materials consumption saw a soaring growth of 116.8% over 2005, reaching $1.1 billion. This astonishing expansion was due to the substantial leap of solar cell production and the soaring price of imported multicrystalline silicon in 2006 in China. In the next 5 years, domestic planned multicrystalline silicon projects will be put into operation, and the price of multicrystalline silicon will stabilize. The overall energy materials segment is currently worth $1.8 billion and is expected to be worth $2.9 billion in 2012, a CAGR of 10.1%.

As an important part of Chinas national sustainable development strategy, the development of advanced materials is furthering 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 should be given priority for development by the State Council. With over 1.3 billion people and steady economic growth, China has become one of the fastest growing advanced materials markets in the world.

TABLE

CHINAS ADVANCED MATERIALS MARKET, THROUGH 2012

($ BILLION)

         
  2005 2006 2007 2012 CAGR%

20072012

Advanced Nonmetal Materials (Advanced Ceramics, Advanced Polymers, Advanced Composites) 11.90 14.31 16.71 29.16

11.8

Advanced Metals and Alloys 6.70 8.65 11.25 26.80 19.0
Energy Materials 0.51 1.10 1.80 2.91 10.1
Nano Materials 0.48 0.57 0.69 1.58 18.0
Total 19.59 24.63 30.45 60.45 14.7

Source: BCC Research

Target Date: January 2008 Electronic PDF: $4850

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research (www.bccresearch.com), 40 Washington Street, Suite 110, Wellesley, MA; Telephone: 866-285-7215, editor@bccresearch.com as the source and publisher, along with report number, which can be found immediately after the report title. Thank you.

####

For more information, please click here

Contacts:
BCC Research
Dawn Peters, 781-489-7301 x603
Fax: 781-489-7308
Email:
Additional Releases: www.bccresearch.com/press.htm

Copyright © Business Wire 2008

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Get ready for NanoDays! March 5th, 2015

American Chemical Society Presidential Symposia: nanoscience, international chemistry March 5th, 2015

CiQUS researchers obtain high-quality perovskites over large areas by a chemical method March 4th, 2015

Arrowhead to Present at 2015 Barclays Global Healthcare Conference March 4th, 2015

Materials/Metamaterials

The taming of magnetic vortices: Unified theory for skyrmion-materials March 3rd, 2015

Breakthrough in OLED technology March 2nd, 2015

Moving molecule writes letters: Caging of molecules allows investigation of equilibrium thermodynamics February 27th, 2015

Graphene shows potential as novel anti-cancer therapeutic strategy: University of Manchester scientists have used graphene to target and neutralise cancer stem cells while not harming other cells February 26th, 2015

Announcements

Get ready for NanoDays! March 5th, 2015

American Chemical Society Presidential Symposia: nanoscience, international chemistry March 5th, 2015

CiQUS researchers obtain high-quality perovskites over large areas by a chemical method March 4th, 2015

Arrowhead to Present at 2015 Barclays Global Healthcare Conference March 4th, 2015

Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers

Strength in numbers: Researchers develop the first-ever quantum device that detects and corrects its own errors March 4th, 2015

Energy-generating cloth could replace batteries in wearable devices March 4th, 2015

Experiment and theory unite at last in debate over microbial nanowires: New model and experiments settle debate over metallic-like conductivity of microbial nanowires in bacterium March 4th, 2015

Magnetic vortices in nanodisks reveal information: Researchers from Dresden and Jülich use microwaves to read out information from smallest storage devices March 4th, 2015

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2015 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE