Core Viewpoint - The waste lead industry is experiencing growth due to the increasing volume of waste lead from lead-acid batteries, driven by the deployment of electric vehicles and energy storage systems, with a projected recovery volume of 2.9 million tons in 2024 and a market value of 48.5 billion yuan, reflecting a year-on-year growth of 9.2% [1][10]. Overview - Waste lead primarily originates from lead-acid batteries, which are widely used in electric two-wheelers, automotive start-stop systems, and backup power sources. The increasing deployment of new energy vehicles and energy storage systems is leading to a significant amount of batteries entering the waste cycle [1][10]. - Waste lead is classified as hazardous waste under the National Hazardous Waste List (2025 Edition), requiring strict compliance with environmental regulations for its treatment and disposal [2][4]. Market Policy - The Chinese government has issued multiple policies to support the development of the waste lead recycling industry, creating a favorable policy environment for growth [5][6]. Industry Chain - The waste lead industry in China features a clear "recovery-recycling-application" closed-loop model, with upstream focusing on waste lead resource recovery, midstream on recycling lead smelting, and downstream on the application of recycled lead [7][9]. Current Development - The demand for waste lead is expected to remain strong due to the continued use of lead-acid batteries, with the recovery volume projected at 2.9 million tons in 2024, a recovery value of 48.5 billion yuan, and a recovery price of 16,725 yuan per ton, marking increases of 9.2%, 12.2%, and 7.0% respectively [1][10]. Competitive Landscape - The waste lead market in China is becoming increasingly competitive, with major companies like Henan Yuguang Gold Lead Co., Ltd., Zhejiang Fortune Holdings Co., Ltd., and others establishing a presence in the sector. Leading companies are leveraging a full industry chain approach to enhance their competitive edge [11][12]. - Henan Yuguang Gold Lead Co., Ltd. is recognized as a leader in the recycling industry, focusing on a circular economy and achieving significant revenue from lead products [13]. - Camel Group Co., Ltd. has developed a comprehensive recycling network for lead-acid batteries, ensuring stable raw material supply and contributing to its revenue growth [14]. Development Trends - The industry is expected to see continued consolidation, with smaller, less efficient players being eliminated or merged into larger firms, leading to increased market concentration [15]. - The shift towards low-carbon and intelligent technologies is anticipated, with traditional high-energy smelting processes being replaced by more environmentally friendly methods [16]. - The extension of producer responsibility will encourage lead-acid battery manufacturers to engage more deeply in the recycling process, creating a complete closed-loop industry chain [17]. - International competition and cooperation are expected to increase, with domestic companies striving to meet international standards and potentially expanding overseas [18].

Core Viewpoint - The dehumidifier market in China is experiencing significant growth due to increasing awareness of indoor environmental quality, technological advancements, and expanding applications in various sectors such as biomedicine, data centers, and new energy battery production [1][6]. Industry Definition and Classification - Dehumidifiers, also known as moisture removers, consist of components such as compressors, heat exchangers, air duct systems, water tanks, controllers, and casings [2][4]. - They can be categorized based on usage scenarios (household, commercial, industrial), dehumidification methods (refrigeration, wheel, solution), and functionalities (standard, cooling, temperature control, multifunctional) [3][4]. Market Demand and Supply - In 2024, China's dehumidifier production is projected to reach 12.95 million units, with a demand of 1.83 million units and a market size of 2.566 billion yuan; by 2025, production is expected to be 12.09 million units, demand 1.75 million units, and market size 2.407 billion yuan [6][8]. - The household dehumidifier segment dominates the market, accounting for approximately 63.91% in 2024, with commercial and industrial dehumidifiers making up 18.36% and 17.73%, respectively [8]. Industry Development Environment - The Chinese government has implemented various policies to encourage the development of the dehumidifier industry, including measures to promote green and intelligent home appliance consumption [4][5]. Industry Chain - The upstream of the dehumidifier industry includes key raw materials and components such as compressors, fans, heat exchangers, water tanks, and controllers, while the midstream involves manufacturing, and the downstream applications span households, commercial, and industrial sectors [10][11]. Competitive Landscape - The domestic dehumidifier market features a mix of major home appliance companies (e.g., Midea, Gree, Haier) and specialized brands (e.g., Deye, Oujing) [14][15]. - The market is characterized by a "domestic-led + imported high-end coexistence" structure, with domestic brands focusing on mid-to-high-end markets and imported brands targeting high-end segments [14][15]. Key Companies - Deye Technology Co., Ltd. is a leading player in the dehumidifier market, focusing on innovation and high-end industrial dehumidifiers, with a projected total cost of 635 million yuan for its products in 2024 [12][17]. - Oulun Electric Co., Ltd. has established a comprehensive product system covering household, commercial, and industrial dehumidifiers, with dehumidifier revenue accounting for approximately 55.15% of its total revenue in 2024 [19]. Industry Trends - The dehumidifier industry is moving towards smart, energy-efficient, and environmentally friendly solutions, with a focus on enhancing user experience and expanding market demand [20][21]. - There is a trend towards customized products for specific scenarios and the integration of multiple functions, such as dehumidification combined with air purification and temperature control [21][22]. - The industry is expected to see increased concentration, with leading companies leveraging technology and scale to maintain competitive advantages, while niche players may find opportunities in specialized markets [22][23].

Core Viewpoint - The fire emergency lighting industry in China is experiencing significant growth due to increasing urbanization, heightened fire safety awareness, and government emphasis on fire safety, with the market expected to reach 6.35 billion yuan by 2025, growing from 3.04 billion yuan in 2016 at a compound annual growth rate (CAGR) of 8.6% [1][3][4]. Industry Overview - Fire emergency lights are essential for providing illumination and evacuation guidance during emergencies, adhering to GB 17945 standards, and are characterized by features such as automatic activation during power outages, low power consumption, and long lifespan [3][4]. - The market for fire emergency lights is segmented into various types based on function, power supply, and installation methods, including wall-mounted, portable, and ceiling-mounted options [3][4]. Market Growth - The market size of China's fire emergency lighting industry has grown from 3.04 billion yuan in 2016 to 5.88 billion yuan in 2024, with a projected increase to 6.35 billion yuan by 2025 [1][3][4]. - The industry is driven by technological advancements and increasing consumer brand value perception [1][3]. Fire Incident Statistics - In the first ten months of 2025, there were 721,000 reported fire incidents in China, resulting in 1,486 fatalities and direct property losses of 6.54 billion yuan, showing a decrease in incidents and losses compared to the previous year [4][5]. - Electrical faults are the leading cause of fires, accounting for 30.5% of incidents, followed by careless use of fire and leftover ignition sources [4][5]. Industry Chain - The fire emergency lighting industry chain includes upstream raw materials and components, midstream manufacturing, and downstream applications in various sectors such as factories, hotels, and schools [4][5]. Competitive Landscape - The market consists of three main types of companies: comprehensive lighting manufacturers like Opple Lighting, fire safety equipment manufacturers like Qingniao Fire, and specialized emergency lighting firms [8][9]. Development Trends - The industry is moving towards smart and integrated systems, utilizing IoT and communication technologies to enhance emergency response capabilities [12]. - Future developments will focus on high reliability and long lifespan technologies, including innovations in power systems and LED chip advancements [13]. - Human-centered design will be emphasized, integrating features that enhance user experience during emergencies and combining emergency lighting with everyday lighting systems [14].

Core Insights - The aging population in China is increasingly concerned about health issues, particularly cardiovascular diseases, which affect 330 million people, or 1 in 4 individuals, with lipid abnormalities being a significant concern among the elderly [1][9] - Plant sterols, known for their cholesterol-lowering properties, are gaining traction as a dietary intervention to support cardiovascular health, leading to a growing demand in the market [1][9] - The market size for the plant sterol industry in China is projected to reach 7.8 billion yuan in 2024, reflecting a year-on-year increase of 6.8% [1][9] Plant Sterol Industry Overview - Plant sterols are functional components found in the cell membranes of various plants, categorized into three types: 4-desmethyl sterols, 4-methyl sterols, and 4,4'-dimethyl sterols [3] - They play a crucial role in maintaining cardiovascular health by blocking cholesterol absorption in the digestive system and aiding in the excretion of excess cholesterol [4] Industry Chain - The plant sterol industry consists of an upstream segment involving raw materials like soybeans and corn, a midstream segment for production, and a downstream segment for applications in food, pharmaceuticals, and cosmetics [5] - The transition from animal-derived to plant-derived raw materials for steroid hormone production has been ongoing since the mid-20th century, with significant advancements in microbial transformation technologies [6] Market Dynamics - The plant sterol market is characterized by a fragmented competitive landscape, with participation from multinational corporations, domestic leaders, and small enterprises [9] - Major players like BASF and Cargill dominate the high-end market, while domestic companies leverage technological advancements and comprehensive supply chains to capture market share [9] Growth Trends - Regulatory compliance and green development are becoming mainstream, leading to increased industry concentration as smaller firms exit the market due to stricter quality standards and environmental requirements [12] - The demand for plant sterols is expanding beyond traditional sectors into new applications in cosmetics and animal feed, driven by their health benefits [13] - Companies are optimizing supply chains through vertical integration and digital transformation to mitigate risks and enhance operational efficiency [14]

Core Viewpoint - The display PMIC market is expected to reach 9.6 billion yuan in 2024, with a year-on-year growth of 9%, driven by the recovery of terminal market demand and inventory replenishment by panel manufacturers [1][5][6]. Group 1: Industry Overview - The display PMIC is a core component of display panels, managing power supply for various components such as source drivers, gate drivers, timing controllers, and backlight modules [1][2]. - The global display panel market is projected to grow to approximately 2.63 million square meters in 2024, with a year-on-year increase of over 6%, resulting in a market size of about 133.8 billion USD, a 13% increase [5]. - The LCD panel market continues to dominate, accounting for a significant portion of the PMIC market, with an estimated size of 6.1 billion yuan in 2024, representing 63.5% of the total PMIC market [6]. Group 2: Market Demand and Supply - The demand for large-size display PMICs in mainland China is expected to reach approximately 1.08 billion units in 2024, reflecting a year-on-year growth of 8.7% [8]. - The market size for large-size display PMICs in mainland China is projected to be around 2.49 billion yuan in 2024, with a year-on-year increase of 7.8% [8]. - The price of large-size display PMICs is expected to decline from 2.44 yuan per unit in 2022 to 2.31 yuan per unit in 2024, with a potential rebound in 2025 [8]. Group 3: Competitive Landscape - The top five companies in the global display PMIC market by 2025 are expected to be Novatek, Richtek, ITE Tech, Chipone, and ChipMakers, collectively holding about 49% of the market share [9]. - In mainland China's large-size display PMIC sector, the top five companies are projected to have a combined market share of 71.2% in 2024, with the leading three being Chipone (25.2%), Novatek (16.0%), and Richtek (11.3%) [9]. - The competitive landscape is increasingly concentrated, with major manufacturers dominating the high-end display panel market, necessitating technological breakthroughs for other suppliers to enter the supply chain [9]. Group 4: Industry Trends - The trend towards high integration in PMIC solutions, such as two-in-one and three-in-one configurations, is expected to become mainstream by 2025, simplifying circuit design and reducing costs [10][11]. - Domestic PMIC manufacturers are anticipated to continue expanding their market share, driven by local service advantages and rapid response capabilities [12]. - Continuous advancements in display technology will drive PMIC innovation and product diversification, with new requirements for control precision and power management [13].

Core Viewpoint - The formaldehyde sodium bisulfite industry in China is experiencing steady growth, with production and consumption increasing, driven by stable demand from downstream applications and expanding usage areas [1][5][8]. Industry Overview - Formaldehyde sodium bisulfite, also known as bleaching powder, is produced by combining formalin with sodium bisulfite and has various applications in industries such as dyeing, rubber, photography, and pharmaceuticals [1][4]. - The product is prohibited for use as a food additive in China [1]. Production and Capacity - The production of formaldehyde sodium bisulfite in China increased from 46,000 tons in 2019 to 55,000 tons in 2024, achieving a compound annual growth rate (CAGR) of 3.6% [5][6]. - The industry capacity has remained stable at around 67,000 tons, with a capacity utilization rate reaching 82.1% in 2024, an increase of 13.4 percentage points since 2019 [7][8]. Consumption Trends - The apparent consumption of formaldehyde sodium bisulfite is projected to reach 54,000 tons in 2024, reflecting a year-on-year growth of 1.9%, supported by stable demand from the dyeing industry and new applications [8][9]. Import and Export Dynamics - The import and export volumes of formaldehyde sodium bisulfite have shown fluctuations, with exports increasing from 10,000 tons in 2020-2022 to 20,000 tons in 2023, and expected to be 18,000 tons in 2024. Imports are projected to be around 12,000 tons in 2024 [10][11]. Competitive Landscape - The formaldehyde sodium bisulfite industry in China is characterized by a large number of small to medium-sized enterprises, with no dominant players currently established in the market [12][13]. Future Development Trends - The demand for formaldehyde sodium bisulfite is expected to continue growing, potentially exceeding 60,000 tons by 2030, driven by developments in downstream industries such as dyeing and emulsion polymerization. The industry is also moving towards greener production methods in line with carbon reduction strategies [14][15].

Core Insights - The carbon bearing steel industry is experiencing growth in production despite a decline in crude steel output, driven by technological upgrades and high-value-added capacity releases [1][4] - The market is characterized by a "pyramid" competition structure, with leading companies like CITIC Special Steel and Baowu Steel dominating the high-end market, while smaller firms focus on mid-to-low-end segments [1][8] - Future development will focus on technological upgrades, structural optimization, and demand upgrades, shifting competition towards a combination of products and services [1][10][12] Group 1: Industry Overview - Carbon bearing steel is essential for manufacturing rolling bearing rings and rolling elements, characterized by controlled carbon content (0.95%-1.10%) and low impurity levels [2][3] - The industry is influenced by raw material costs, production capacity adjustments, and environmental policies, leading to fluctuations in crude steel output [4][5] Group 2: Production Trends - From January to October 2025, the crude steel output of major special steel enterprises in China was 4.05 million tons, a decrease of 0.36% year-on-year [4] - In contrast, the bearing steel output during the same period was 3.72 million tons, an increase of 3.43% year-on-year, attributed to refined processes and high-value product releases [4][6] Group 3: Industry Chain - The upstream of the carbon bearing steel industry relies on iron ore and alloy elements, with a high dependency on imported iron ore affecting cost control [5][6] - The downstream applications span various sectors, including automotive, wind power, and high-end equipment manufacturing, with increasing demands for high-performance materials [5][6] Group 4: Competitive Landscape - The market concentration is increasing, with leading companies like CITIC Special Steel and Jiyuan Steel accounting for 68.21% of total output as of January to October 2025 [8][9] - The first tier of companies focuses on high-end markets, while the second tier leverages cost advantages in general machinery, and smaller firms are transitioning to specialized steel [8][9] Group 5: Future Development Trends - Technological upgrades will focus on high-purity refining and customized product development, with advanced processes reducing impurity levels and enhancing material performance [10][11] - Structural optimization will align with green low-carbon production goals, promoting industry cluster characteristics and increasing market concentration [12] - Demand from high-end manufacturing sectors like new energy vehicles and wind power will drive growth, with a shift towards comprehensive competition involving both products and services [13]

Core Insights - The metallurgical refractory materials industry, crucial for high-temperature production in metallurgy, is facing challenges due to a downturn in the steel market, with a projected production decline of 3.73% in 2024, resulting in a total output of 22.07 million tons [1][6] - The industry is expected to shift from total growth to structural upgrades, focusing on green low-carbon transformation, technological advancements, and market optimization [1][10] Industry Overview - Metallurgical refractory materials are inorganic non-metallic materials with a refractoriness of at least 1580°C, essential for stable operation in high-temperature metallurgical processes [2][5] - The industry is characterized by a "large industry, small enterprises" structure, with the top five companies accounting for only 11.90% of total production [1][10] Market Performance - The overall market size for refractory materials in China is projected to reach 90.3 billion yuan in 2024, with a compound annual growth rate of -2.3% from 2020 to 2024 [1][7] - Metallurgical refractory materials account for approximately 70% of the total market size, with a projected scale of 63.21 billion yuan in 2024, reflecting a year-on-year decline of 1.74% [1][7] Product Segmentation - The market shows a clear differentiation in product performance: dense shaped refractory products are expected to decline by 6.07%, while thermal insulation products are projected to grow by 11.17% due to their low-carbon advantages [6][7] - The production of unshaped refractory materials is expected to see a slight decrease of 2.07%, indicating relative demand resilience [6] Industry Chain - The industry chain is tightly linked, with upstream raw materials like bauxite and magnesite affecting overall costs, while the midstream focuses on product development and manufacturing [8][9] - The downstream application is primarily in the steel industry, which accounts for over 65% of refractory material consumption [9] Competitive Landscape - The industry is fragmented with over 2,000 companies, where leading firms are focusing on high-end, green, and differentiated product development [10] - Major companies like Beijing Lier and Puyang Refractories are expanding their international presence and enhancing product offerings to adapt to market demands [10] Future Trends - The industry is expected to prioritize green low-carbon transformation, with a shift towards low-energy production processes and environmentally friendly products [11][12] - Technological advancements will focus on high-performance composite materials and smart manufacturing techniques to meet the evolving needs of the metallurgy sector [12][13] - Market consolidation is anticipated, with leading firms increasing their market share through mergers and acquisitions, while smaller companies will focus on niche markets [13]

上市公司：钱江摩托（000913），信隆健康（002105），征和工业（003033），久祺股份（300994）， 林海股份（600099），上海凤凰（600679），中路股份（600818），力帆科技（601777），春风动力 （603129），爱玛科技（603529），隆鑫通用（603766），永安行（603776），新日股份（603787）， 绿通科技（301322），涛涛车业（301345），华洋赛车（834058） 相关报告：智研咨询发布的《2026-2032年中国摩托车行业市场全景评估及发展策略分析报告》 根据中国汽车工业(摩托车)产销快讯数据显示：2025年10月山东马拉贝斯车业有限公司摩托车产量为 392辆，同比增长120.22%，销量为392辆，产销率为100%，无积压库存。 近一年山东马拉贝斯车业有限公司摩托车产销情况统计图 数据来源：中国汽车工业(摩托车)产销快讯，智研咨询整理 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 务、敏锐的市场洞察力，专注于提 ...

根据中国汽车工业(摩托车)产销快讯数据显示：2025年10月台州市王野机车有限责任公司摩托车产量为 14286辆，同比下降6.69%，销量为14286辆，同比下降6.69%，产销率为100%，无积压库存。 近一年台州市王野机车有限责任公司摩托车产销情况统计图 数据来源：中国汽车工业(摩托车)产销快讯，智研咨询整理 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 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。 上市公司：钱江摩托（000913），信隆健康（002105），征和工业（003033），久祺股份（300994）， 林海股份（600099），上海凤凰（600679），中路股份（600818），力帆科技（601777），春风动力 （603129），爱玛科技（603529），隆鑫通用（603766），永安行（603776），新日股份（603787）， 绿通科技（301322），涛涛车业（301345），华洋赛车（834058） 相关报告：智研咨询发布 ...