数据来源：中国海关，智研咨询整理 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 数据来源：中国海关，智研咨询整理 相关报告：智研咨询发布的《2025-2031年中国液晶显示模组行业市场专项调研及投资前景规划报告》 根据中国海关数据显示：2025年5月中国平板显示模组进口数量为1.32亿个，同比下降7%，进口金额为 25.84亿美元，同比下降14.1%，2025年5月中国平板显示模组出口数量为2.38亿个，同比增长22.2%，出 口金额为39.31亿美元，同比增长3.4%。 ...

Core Viewpoint - The demand for anti-wrinkle and firming skincare products in China is rapidly increasing, with the retail market expected to reach 64.027 billion yuan in 2024, reflecting a year-on-year growth of 21.50%. Consumers are shifting from a focus on single efficacy to multi-functional products that offer benefits such as anti-free radical and skin barrier repair, marking a transition from "ingredient stacking" to "mechanism-driven" innovations in the industry [1][16]. Overview - Anti-wrinkle and firming skincare products aim to improve skin wrinkles and enhance elasticity and firmness. Their mechanisms include supplementing or stimulating the synthesis of collagen and elastin, improving skin moisture content and barrier function, inhibiting the activity of enzymes that damage skin structure, and providing antioxidant and anti-inflammatory effects to mitigate skin aging [2][5]. Development History - The domestic skincare market was in its infancy before the 1990s, with limited demand for anti-wrinkle products. The introduction of these products began in the 1990s, primarily through imported brands. Post-2010, the market experienced rapid growth due to increased consumer awareness and economic development, leading to the rise of domestic brands that began to compete effectively with multinational companies [5][6]. Market Policies - The Chinese government has implemented a series of policies to enhance the development of the cosmetics industry, including regulations on production quality management, adverse reaction monitoring, and electronic registration. These policies aim to promote standardization and high-quality development in the anti-wrinkle and firming skincare sector [10][11]. Industry Chain - The upstream of the anti-wrinkle and firming skincare industry includes suppliers of active ingredients like hyaluronic acid and peptides, as well as suppliers of moisturizing agents and packaging materials. The downstream consists of various sales channels, including department stores, supermarkets, specialty stores, beauty salons, and e-commerce platforms [13][15]. Consumer Insights - The consumer base for anti-wrinkle and firming products is predominantly female, accounting for over 85%, while the male anti-aging market is growing at a rate of 30%. The core consumer group is aged 26-35, focusing on preventive anti-aging and multifunctional products. Safety is the primary concern for 94.93% of consumers, significantly impacting repurchase rates and brand trust [15][16]. Competitive Landscape - The market is becoming increasingly competitive, with international brands like Estée Lauder, L'Oréal, Procter & Gamble, and Shiseido dominating the mid-to-high-end segments. Domestic brands such as Proya, Chando, and Marubi are gaining significant market share due to their understanding of local consumer preferences and competitive pricing [19][22]. Future Trends - The future demand for anti-aging products will focus on multi-functional benefits, including anti-wrinkle, anti-free radical, and skin barrier repair. There is a growing emphasis on emotional value, with over half of female consumers willing to purchase products that offer additional emotional satisfaction, prompting brands to enhance their offerings through packaging design and brand storytelling [27][29].

Core Insights - The condenser industry is a key component in energy conversion and thermal management, experiencing rapid growth since the late 20th century due to China's economic expansion [1][4] - The market size for condensers in China is projected to reach 7.693 billion yuan in 2024, an increase of 663 million yuan from 2023, with an estimated size of approximately 8.98 billion yuan in 2025 [4][6] - The market share of different types of condensers in China includes approximately 33% for water-cooled condensers, 38% for air-cooled condensers, and 24% for evaporative condensers, with the latter gaining traction due to its water and energy-saving advantages [6][1] Industry Overview - The condenser industry is defined as a critical device for heat exchange in refrigeration and heat pump systems, with applications in industrial cooling, energy recovery, and more [2][4] - The industry is categorized into three main types: water-cooled, air-cooled, and evaporative condensers, each with distinct operational characteristics and efficiencies [2][3] Market Dynamics - The growth of the condenser market is driven by factors such as industrialization, demand for building air conditioning, and cold chain logistics [4][1] - The industry is currently in a phase of steady growth, supported by the recovery of industrial refrigeration demand and advancements in energy efficiency [16][4] Competitive Landscape - The Chinese condenser market is characterized by a large number of small-scale manufacturers, resulting in low industry concentration, with a few companies holding significant market share [10][12] - Key players in the industry include Bond Shares, Yinte Technology, and several others, with varying degrees of market presence and product offerings [10][12][14] Company Performance - Yinte Technology reported a revenue of 525 million yuan and a net profit of 59 million yuan for 2024 [12] - Bond Shares achieved a revenue of 327 million yuan for its condensers in 2024, reflecting a 13 million yuan increase from 2023, with a gross margin of 39.53% [14] Future Trends - The condenser industry is expected to evolve towards energy efficiency, environmental sustainability, and digitalization, driven by global economic growth and rising living standards [16][1]

Core Viewpoint - The event planning industry in China is experiencing significant growth driven by increasing demand from various sectors, including government, enterprises, and individuals, with a projected market size of CNY 346.08 billion in 2024, reflecting a year-on-year growth of 8.23% [1][11]. Industry Background - The event planning industry is closely linked to the cultural and entertainment sectors, supported by various government policies aimed at promoting cultural creativity and consumer rights [4]. - The rising economic development and consumer spending in China have led to a growing demand for event planning services, both for corporate branding and personal celebrations [4][11]. Industry Chain - The upstream of the event planning industry includes various resource providers such as venues, equipment suppliers, and technical service providers, while the downstream consists of corporate clients, government entities, and individual customers [7][8]. Current Development - The event planning industry is expanding its service scope due to increasing demand from diverse clients, with offline events accounting for approximately 60.34% and online events for about 39.66% of the market [11]. Competitive Landscape - The industry is characterized by a large number of small to medium-sized enterprises, with over 2.5 million companies operating in the sector, leading to intense competition [13]. - Major players in the industry include companies like艾德韦宣集团, 蓝色光标, and others, which leverage their resources and expertise to capture market share [14][15]. Industry Trends - Future trends indicate a growing integration of big data, VR/AR technologies, and cross-industry collaborations, enhancing the quality and diversity of event planning services [23].

Core Viewpoint - The chromatography market is experiencing significant growth driven by demand from downstream sectors such as biopharmaceuticals, food safety, environmental monitoring, and petrochemicals, with a notable increase in market size projected for the coming years [1][5][8]. Chromatography Industry Definition and Technology Classification - Chromatography, also known as layer chromatography, is a physical and chemical analysis method that separates different solutes based on their interactions with stationary and mobile phases [2]. Current Development Status of the Chromatography Industry - The global chromatography column market is expected to reach USD 3.169 billion in 2024, with North America accounting for 37.27% of the market share [5]. - In China, the chromatography industry is projected to grow to CNY 25.968 billion in 2024, with specific market sizes for chromatography columns, instruments, and media being CNY 2.053 billion, CNY 11.029 billion, and CNY 12.886 billion respectively [1][8]. Regional Demand Characteristics - In China, the demand for chromatography products is regionally concentrated, with East China accounting for 38.50% of the market in 2024, followed by Central South and Western regions [10]. Industry Chain of Chromatography - The chromatography industry operates upstream in the pharmaceutical industry chain, primarily sourcing chemical reagents and instrument components, which are widely available and competitively priced [12]. Development History of the Chromatography Industry - The development of chromatography technology in China began in the 1950s, with significant milestones including the first commercial gas chromatography instrument produced in 1963 [14]. Competitive Landscape of the Chromatography Industry - The domestic chromatography market is becoming increasingly competitive as local pharmaceutical companies seek to replace imported products with high-quality domestic alternatives due to cost control measures [17]. Development Trends in the Chromatography Industry - The demand for chromatography analysis is growing across various sectors, including biopharmaceuticals and food safety, leading to an expanding market size and a clear trend towards domestic production capabilities that can compete with international leaders [20].

Core Viewpoint - China is the dominant country in global antimony resources and production, but the depletion of high-quality resources and increasing mining difficulties are significant challenges. The National Development and Reform Commission has included antimony in the "National Security Reserve List," aiming to increase the reserve target to 25,000 tons [1][6]. Industry Overview - Antimony oxide, primarily in the forms of antimony trioxide (Sb₂O₃) and antimony pentoxide (Sb₂O₅), is a common antimony oxide. Antimony is a chemical element with the symbol Sb and atomic number 51. Antimony trioxide is a white cubic crystal, soluble in hydrochloric acid and tartaric acid, but insoluble in water and acetic acid. Antimony pentoxide is a pale yellow powder, difficult to dissolve in water, and slightly soluble in alkali, forming antimonates [2][4]. Industry Chain - The upstream of the antimony oxide industry chain includes antimony ore resources, coal, soda ash, and various production equipment. The midstream involves the production and manufacturing of antimony oxide. The downstream applications include flame retardants, bearings, glass clarifiers, lead-acid batteries, electronic materials, and pharmaceuticals [4]. Industry Status - In 2024, China's antimony oxide production is projected to be 105,100 tons, a year-on-year decrease of 6.76%, while consumption is expected to be 74,900 tons, down 2.87% [6]. The average grade of domestic antimony ore has declined from 0.8% in 2010 to 0.6% in 2024, increasing mining costs by 30% [8]. The operating rate of antimony mines in China is expected to remain below 50% due to strict environmental inspections and safety issues [10]. Key Enterprises - The antimony industry in China is highly concentrated, with Hunan Gold Group and Flash Star Antimony Co., Ltd. forming a duopoly. Hunan Gold holds the largest market share, followed by Flash Star Antimony, Huaxi Nonferrous Metals, and Hunan Yutong Mining [14][16]. Hunan Gold has a comprehensive antimony industry chain and produced 29,200 tons of antimony products in 2024, a decrease of 6.15% year-on-year [16]. Development Trends 1. **Policy-Driven Resource Integration and Strategic Reserve Enhancement** - China is constructing a national security system for antimony resources through export controls, environmental inspections, and strategic reserve policies. The export control policy implemented in September 2024 aims to prioritize domestic demand, leading to a surge in antimony prices globally [20]. 2. **Technological Innovation Leading Industry Upgrade and High-End Transformation** - The antimony industry is advancing through technological innovations that enhance resource utilization and extend into high-value-added fields. New smelting processes and product developments are addressing environmental concerns and improving recovery rates [21][22]. 3. **Breaking Resource Constraints and Deepening Global Layout** - Companies are accelerating global expansion to address resource constraints. Hunan Gold plans to increase high-end antimony production capacity and pursue overseas resource acquisitions [23].

Core Viewpoint - China is the largest producer and exporter of zirconium oxychloride, with rapid industry development, expanding capacity, and increasing market applications, despite a decline in consumption in traditional sectors due to economic fluctuations [1][5]. Industry Overview - Zirconium oxychloride, also known as zirconium oxychloride hydrate, is a key raw material for various zirconium products, widely used in electronics, ceramics, glass, construction materials, pharmaceuticals, aerospace, nuclear energy, petrochemicals, textiles, machinery, and daily necessities [1][5]. - The consumption of zirconium oxychloride in China reached 84,600 tons in the first half of 2025, a year-on-year decrease of 23.99% [1][5]. Industry Chain - The upstream of the zirconium oxychloride industry includes raw materials like zircon sand, caustic soda, and hydrochloric acid, as well as production equipment such as melting furnaces and crystallizers [2]. - The midstream involves the production and manufacturing of zirconium oxychloride, while the downstream applications include high-end ceramics, nuclear power materials, and chemical equipment [2]. Current Industry Status - The industry has seen rapid development, with increasing production capacity and technological advancements, although traditional sectors like ceramics and refractory materials are experiencing reduced demand due to economic cycles [5][7]. - The average market price of zirconium oxychloride was 14,800 yuan per ton by the end of June 2025, reflecting a year-on-year decrease of 7.81% due to both cost and demand factors [7]. Key Enterprises - Longyu Group, through its subsidiary Guangtong New Materials, has become the largest zirconium oxychloride producer globally, with an annual capacity of 75,000 tons [13]. - Dongfang Zircon Industry is the only listed company with significant zircon ore resources, focusing on solid-state battery electrolyte technology [13][16]. Industry Development Trends - The industry is expected to accelerate technological upgrades, pushing products towards higher added value, particularly in high-purity zirconium oxychloride for advanced applications [18]. - The concentration of production capacity is anticipated to increase, leading to accelerated industry consolidation and improved competitive dynamics [19][20]. - Emerging markets, particularly in renewable energy and 5G communications, are expected to drive demand for zirconium oxychloride, expanding its application scope [21].

Industry Overview - The demand for smartphone thermal management devices is increasing due to enhanced smartphone performance, faster processors, and higher screen resolutions, leading to increased heat generation [1][13] - The rapid adoption of 5G technology is driving the need for higher performance and efficiency in thermal management devices to meet the growing thermal demands in 5G scenarios [1][13] - The market size of China's smartphone thermal management device industry is projected to reach approximately 3.267 billion yuan in 2024, representing a year-on-year growth of 6.52% [1][13] Industry Chain - The upstream of the smartphone thermal management device industry chain includes raw materials such as metals, ceramics, plastics, composite materials, PI films, natural graphite, CVD equipment, and cooling liquids [7] - The midstream involves the production and manufacturing of thermal management devices, while the downstream consists of various types of smartphones [7] Material and Technology Trends - Natural graphite is a key raw material for manufacturing high thermal conductivity graphite sheets and thermal films, essential for ensuring stability and battery life during high-load operations [9] - The production of natural graphite in China is expected to grow from 708,000 tons in 2015 to 1,291,600 tons in 2024, with a compound annual growth rate of 6.91% [9] - Future innovations in materials will focus on higher thermal conductivity and lighter weight, with potential applications of new materials like graphene and carbon nanotubes [23] Market Dynamics - The smartphone market in China saw a decline in shipments from 461 million units in 2017 to 296 million units in 2020, primarily due to market saturation and extended replacement cycles [11] - The smartphone shipment volume is expected to reach 294 million units in 2024, reflecting a year-on-year growth of 6.52% [11][13] - The competitive landscape of the smartphone thermal management device market is diverse, with significant contributions from both domestic and international players [16] Key Companies - Major companies in the smartphone thermal management device industry include Carbon Source Technology Co., Ltd., Shenzhen Feirongda Technology Co., Ltd., and Beijing Zhongshi Weiye Technology Co., Ltd., among others [16][19][21] - Shenzhen Feirongda Technology Co., Ltd. is focused on electromagnetic shielding materials and thermal management materials, with projected revenue of 1.864 billion yuan in 2024, up 7.56% [19] - Beijing Zhongshi Weiye Technology Co., Ltd. specializes in advanced thermal management solutions, with expected revenue of 1.539 billion yuan in 2024, reflecting a growth of 23.81% [21]

Core Viewpoint - The demand for waste paper pulp is surging due to the rapid growth of e-commerce and logistics in China, driven by a stable domestic economy and supportive government policies promoting recycling and circular economy initiatives [1][12][21]. Industry Overview - Waste paper pulp, also known as recycled pulp, is produced from waste paper and cardboard through various processing techniques. The production methods include dry and wet processes, with dry methods being more cost-effective [3][7]. - The production of waste paper pulp in China is projected to increase from 54.44 million tons in 2018 to 63.18 million tons by 2024, reflecting a compound annual growth rate (CAGR) of 2.5% [1][12]. Market Dynamics - The "ban on waste" policy has led to a complete halt in imported waste paper, exacerbating the shortage of virgin pulp and prompting companies to ramp up waste paper pulp production to meet market demands [1][12]. - The waste paper recovery volume in China is expected to reach 69.71 million tons by 2024, with a recovery rate of 51.1% and a utilization rate of 51.6% [10]. Government Policies - The Chinese government has implemented various policies to support the recycling industry, including the "14th Five-Year Plan" which emphasizes the establishment of a comprehensive recycling system for waste materials [5][6]. - Recent policies encourage the deep processing of recycled resources, including waste paper, to enhance the recycling industry's efficiency and output [5][6]. Competitive Landscape - The waste paper pulp industry features a diverse competitive landscape, with both large enterprises and small to medium-sized companies. Major players include Shanying International, Sun Paper, and Chenming Paper [16][17]. - The industry is expected to undergo consolidation, driven by policy and capital influences, leading to increased market concentration [16]. Future Trends - The waste paper pulp industry is anticipated to maintain steady growth, supported by increasing consumer demand for eco-friendly products and ongoing government initiatives [21]. - Future production will focus on green and intelligent manufacturing, with investments in environmental technologies and automation to enhance efficiency and reduce emissions [22][23]. - The collaboration across the waste paper recycling supply chain is expected to strengthen, improving the overall recovery and utilization rates of waste paper [24].

Core Viewpoint - The virtual power plant (VPP) is emerging as a new operational model in the energy sector, significantly enhancing power supply security and promoting renewable energy consumption. The industry is transitioning from an invitation-based model to a market-oriented approach, with government targets set for 2027 and 2030 to increase regulation capacity to 20 million kilowatts and over 50 million kilowatts, respectively [1][11][25]. Industry Overview - Virtual power plants aggregate distributed energy resources, adjustable loads, and storage systems, acting as new operational entities that participate in power system optimization and market transactions [2]. - The development of virtual power plants is supported by a comprehensive policy framework established by the government, which includes various action plans and guidelines aimed at fostering innovation and market mechanisms [8][11]. Development Background - The rapid growth of renewable energy in China, particularly in solar and wind power, has created a pressing need for flexible power management solutions. Virtual power plants can significantly reduce the need for redundant capacity by providing flexible load adjustments [13][15]. - The construction cost of virtual power plants is only one-eighth that of traditional coal-fired power plants, making them a cost-effective solution for peak load management [15]. Current Status - The virtual power plant industry in China has established a complete industrial chain, encompassing resource aggregation, platform operation, and market trading. Key regions include Shandong, Guangdong, Zhejiang, and Shanghai, where pilot projects are actively being developed [17][19]. - The commercial model is evolving from a single demand response approach to a diversified model that includes power trading and carbon services [19]. Competitive Landscape - The industry features a diverse competitive landscape with participation from state-owned enterprises, private companies, and technology firms. Major players include State Grid, Huaneng Group, and Guodian NARI, which leverage their resources and infrastructure to dominate the market [23]. - Private companies like Guoneng Rixin and Teruid focus on technological innovation and niche markets, while tech giants such as Huawei and Tencent are entering the sector with advanced digital technologies [23]. Future Trends - The virtual power plant industry is expected to experience accelerated growth driven by policy support and market mechanisms, with projections indicating a market size exceeding 10.2 billion yuan by 2025 and surpassing 100 billion yuan by 2030 [25][26]. - Technological advancements in AI, 5G, and blockchain will enhance operational efficiency and real-time responsiveness, transforming virtual power plants into intelligent energy management systems [27]. - The integration of virtual power plants with other sectors, such as transportation and building management, will create new business models and expand the ecosystem [28].