Policy:

The full text of the Outline of the Fourteenth Five-Year Plan for National Economic and Social Development of the People's Republic of China and the Vision for 2035 was released on March 13, 2021. The sixteenth article "Accelerating the Modernization of National Defense and the Army to Realize the Unification of a Prosperous Country and a Strong Army" proposes to accelerate the modernization of weapons and equipment, focus on independent innovation and original innovation of national defense science and technology, accelerate the development of strategic cutting-edge disruptive technologies, and accelerate the upgrading of weapons and equipment Replacement and development of intelligent weapons and equipment; promote the organic combination of military construction layout and regional economic development layout; deepen military-civilian scientific and technological collaborative innovation, and strengthen military-civilian coordinated development in the fields of ocean, aerospace, cyberspace, biology, new energy, artificial intelligence, and quantum technology. , to promote the sharing of military and local scientific research facilities resources, and to promote the two-way transformation and application of military and local scientific research achievements and the development of key industries.

Business background:

The military industry chain can be divided into four links: raw materials, components, sub-systems and final assembly plants. The upstream material links have the characteristics of strong profitability, high degree of marketization, and high technical added value. As the material basis of weapons and equipment, new military materials are an important factor in determining the performance of weapons and equipment and expanding the functions of weapons. They have become the key areas and core technologies that determine the country's competitiveness. Under the guidance of the general direction of the national strategy, there is a huge space for development.

Market background:

Because of its high high temperature strength, good oxidation resistance and corrosion resistance, good fatigue performance, fracture toughness and other comprehensive properties, aluminum matrix composites are widely used in the aerospace field, and the current global market size exceeds 10 billion US dollars. . Among them, the aerospace field is the largest application scenario, with a demand share of 55%. At the same time, because of its good high temperature resistance and corrosion resistance, it is widely used in ships, electric power, metallurgy, automobiles, energy and other industrial fields. Among them, the demand for energy reference scenarios such as gas turbines and petrochemical fields accounts for 33%. and the automotive sector accounted for 7% and 3% respectively. At the same time, with the continuous development of new superalloy materials, downstream application scenarios and market demands are also in a trend of continuous expansion.

Future development of the industry:

New materials refer to materials with excellent properties and special properties produced by the modification of traditional materials. They are the cornerstone of the upgrading of traditional industries and the development of strategic emerging industries. As a key resource input, they promote the progress of technological revolution again and again.

In recent years, my country's new material industry has developed vigorously, the scale of the industry has continued to grow, and the support capacity has been continuously improved. The output of more than 100 materials such as advanced energy storage materials, photovoltaic materials, superhard materials, superalloys, and new display materials ranks first in the world. The building of a manufacturing powerhouse has made important contributions.

In 2011, the total output value of my country's new material industry was only 0.8 trillion yuan. By 2020, the total output value of my country's new material industry has increased to 5.38 trillion yuan. It is expected to exceed 7 trillion yuan in 2022. In the next five years, the compound annual growth rate will be about 18.72%, and the market prospect of the new material industry is broad.