点击 最 下方 "在看"和" "并分享，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 正文 引言 在人工智能、 5G 通信、高性能计算和自动驾驶技术飞速发展的今天，芯片已成为推动全球科技进步的 核心引擎。然而，在每一颗高端芯片的背后，都 离不开一项被称为 " 隐形核心 " 的关键材料 —— ABF 胶膜 （ Ajinomoto Build-up Film ） 。这种由日本味之素公司几乎垄断的环氧树脂基绝缘薄膜，虽不为 人熟知，却是实现芯片高密度互联、高速传输和高可靠性的基础。它不仅是英特尔、 AMD 、英伟达等 巨头高端处理器的 " 标配 " ，更在全球半导体产业链中扮演着不可替代的角色。 当前，中国正全力推进半导体产业自主可控战略，而 ABF 胶膜作为 " 卡脖子 " 环节之一，其国产化进 程牵动着整个高端封装领域的命脉。本文将从 技术原理、市场与格局、产业链结构、技术壁垒、未来 方向及投资逻辑 等多个维度，全面剖析 ABF 胶膜的发展现状与国产突围路径，旨在为 行业参与者、投 资者和政策制定者 提供一份深入而系统的参考。 目录 一、 ABF 胶膜基本概况： 芯片封装的关键 " 黏合剂 " 1 、 ...

Core Viewpoint - The article provides an in-depth analysis of the new materials industry, highlighting key materials, their applications, and investment opportunities, particularly in the context of China's "14th Five-Year Plan" and the global competitive landscape [5][13][47]. Summary by Sections New Materials Definition and Classification - New materials are defined as newly developed materials with superior properties or functionalities, or traditional materials that have been significantly improved [8]. - The classification of new materials includes advanced steel, advanced non-ferrous metals, advanced petrochemical materials, advanced inorganic non-metallic materials, high-performance fibers, and frontier new materials [10]. Key Materials and Applications - The article discusses critical materials such as ultra-high molecular weight polyethylene (UHMWPE), polyimide (PI), and silicon carbide (SiC) fibers, detailing their properties and applications in various industries including military, aerospace, and electronics [19][22][29]. - UHMWPE is noted for its high strength and durability, while PI materials are recognized for their thermal stability and electrical insulation properties [19][23]. Investment Landscape - The new materials industry is characterized by high investment, high difficulty, and high barriers to entry, with long research and application cycles [65]. - The article emphasizes the importance of identifying effective technologies in new materials, suggesting a three-dimensional framework for evaluation [78]. Market Trends and Growth Potential - The new materials sector is projected to grow at a compound annual growth rate (CAGR) of 18%, significantly outpacing GDP growth, with specific segments like semiconductor materials and biomedical materials showing even higher growth rates [61]. - The article highlights the increasing reliance on imported materials in critical sectors such as semiconductors and advanced composites, indicating a substantial opportunity for domestic production and innovation [16][54]. Global Competitive Landscape - The article notes that the global new materials market is dominated by developed countries such as the US, Japan, and Europe, while China is still developing its capabilities in this sector [47][51]. - It points out that many high-end materials remain under foreign monopoly, suggesting a need for increased domestic R&D and production capacity [54][56].

Core Viewpoint - The report highlights that AI applications are driving the PCB industry into a growth cycle, with expectations for both volume and price increases in the PCB market due to rising demand from end-user electronics, 5G, and AI servers [1][21]. Group 1: AI Driving PCB Growth - AI applications are expected to lead to a significant increase in demand for high-end PCBs, particularly HDI and 18+ layer boards, with global market value CAGR projected at 6.4% and 15.7% respectively from 2024 to 2029 [1][6][39]. - The PCB industry is entering a new growth phase, with AI servers requiring more layers and advanced materials, resulting in a value increase that is several times higher than traditional servers [6][52]. Group 2: Core Material - Copper Clad Laminate (CCL) - CCL accounts for approximately 27% of PCB manufacturing costs, with key raw materials being copper foil, resin, and fiberglass cloth [2][6]. - The demand for high-frequency and high-speed CCL is expected to grow rapidly, driven by applications in AI and 5G [2][6]. Group 3: Evolving Demand for Electronic Resins - Electronic resins are crucial for enhancing the properties of CCL and PCBs, with a shift towards high-performance resins such as PTFE, PPO, and hydrocarbon resins [2][7][12]. - The demand for high-performance electronic resins is increasing as traditional epoxy resins fail to meet the high-speed requirements due to signal loss issues [5][12]. Group 4: Rapid Growth of High-Performance Silica Micro Powder - The demand for silica micro powder is expected to grow rapidly, with projections indicating a 13.2% year-on-year increase, reaching 473,000 tons by 2025 [2][12]. - Silica micro powder is essential for enhancing the performance of high-frequency and high-speed CCL, particularly in AI server applications [12][94]. Group 5: Market Dynamics and Trends - The PCB market is projected to recover with a growth rate of 5.8% in 2024, driven by new AI demands creating a new growth curve rather than just a cyclical recovery [21][29]. - China is the largest PCB manufacturing base globally, accounting for 56% of the market value, which provides a significant advantage for upstream material companies [29][24]. Group 6: Investment Insights - Investors are advised to focus on material companies that are positioned in high-growth segments such as HDI, IC substrates, and high-frequency boards, rather than those targeting low-end rigid boards [30][39]. - Companies capable of producing 18-layer and above PCBs, along with those providing corresponding CCL and materials, are expected to benefit the most from the current market dynamics [39][49].

Core Viewpoint - The semiconductor industry is undergoing significant internal differentiation, and merely being labeled as "domestic" does not guarantee success. Companies must possess both offensive and defensive capabilities to thrive in this competitive landscape [1][6][57]. Group 1: Industry Dynamics - The semiconductor equipment and materials sector is heavily influenced by policy and technological breakthroughs, leading to varying growth potentials among companies [6]. - Companies that survive must be "dual-capable monsters," excelling in both new technology development and existing product iteration to maintain stable cash flow [6][57]. - The demand in the semiconductor market is split into two distinct tracks: advanced processes driven by a "technology arms race" and mature processes driven by massive chip demand from sectors like electric vehicles and IoT [8][9]. Group 2: Investment Opportunities - Investment in semiconductor equipment and materials is fundamentally about investing in the underlying infrastructure of the digital world, which offers strong certainty and sustainability [13]. - The investment landscape is layered, with higher technical barriers and profit margins in upstream sectors (EDA/IP, equipment) compared to downstream (design, manufacturing) [14]. - The real investment opportunities lie in the growth of domestic supply chains, particularly in critical components like RF power supplies and specialty ceramics [16][34]. Group 3: Market Trends - The global equipment market is dominated by major players like AMAT, ASML, and LAM, with a concentration ratio (CR3) exceeding 50%, indicating significant challenges for domestic players [33]. - China's semiconductor market is growing at a rate higher than the global average, driven by internal demand and policy support, making it a unique investment opportunity [36]. - The demand for advanced logic chips (≤28nm) is expected to grow rapidly, while mature logic (>28nm) represents the largest incremental opportunity, particularly in automotive and industrial control applications [40][41]. Group 4: Geopolitical Factors - Geopolitical pressures are creating a survival space for domestic manufacturers, with sanctions leading to a "stair-step" replacement rhythm, opening new opportunities for local firms [10][45]. - The timeline of sanctions indicates a systematic and long-term approach to containment, emphasizing the necessity for domestic substitution as a survival strategy [45]. Group 5: Challenges and Risks - The complexity and high costs associated with semiconductor manufacturing create significant barriers to entry, with any misstep potentially leading to substantial losses [20]. - The rapid pace of technological iteration requires high R&D investments, with projected R&D expenditures in the equipment sector exceeding 10 billion in 2024, reflecting a 42.5% increase [47]. - The materials sector faces high certification barriers and a lower domestic production rate, making it more challenging to achieve self-sufficiency compared to equipment [50][53].

Core Viewpoint - Lightweight materials can achieve product weight reduction, providing both economic and environmental benefits. Currently, mainstream lightweight materials with growth potential include aluminum alloys, magnesium alloys, glass fibers, and carbon fibers [2]. Group 1: Lightweight Materials Overview - Lightweight materials are essential for promoting sustainability across various fields, with applications expanding horizontally [8][10]. - The main categories of lightweight materials include lightweight metals, engineering plastics, and composite materials [16][18]. Group 2: Aluminum Alloys - Aluminum alloys are widely used lightweight materials, with applications in construction, automotive, machinery, and electronics. The transportation sector accounts for over half of the market share [21]. - In 2023, China's total aluminum consumption reached 47.86 million tons, a historical high, increasing by 7.6% from 2022 [28]. - The automotive industry is a key driver of aluminum alloy demand growth, with electric vehicles requiring more aluminum due to added battery weight [21][33]. Group 3: Magnesium Alloys - Magnesium prices have been declining, which may lead to broader applications in the automotive industry. Magnesium alloys are 15%-20% lighter than aluminum alloys and possess superior mechanical properties [2]. Group 4: Glass Fibers - The increasing proportion of high-value wind power and electronic fibers may boost the demand structure upgrade in the glass fiber industry. The growth rates for glass fibers in wind power and electronics are estimated at 18.2% and 7.14%, respectively, both exceeding the industry average [3]. Group 5: Carbon Fibers - Carbon fibers are expected to benefit from demand growth in emerging fields such as wind energy, photovoltaic thermal fields, and hydrogen storage. The demand for carbon fibers in wind energy is projected to grow at a compound annual growth rate of about 25% from 2021 to 2025 [3].

点击 最 下方 关注《材料汇》 ， 点击"在看"和" "并分享 添加 小编微信 ，遇见 志同道合 的你 一、显示技术双主流：LCD与OLED共舞 文章导读： 中国显示材料产业全景与突围路径 二、未来技术：量子点/Micro-LED/电致变色崛起 三、残酷现实：高端材料90%"卡脖子" 结语 ：显示技术百花齐放，但材料是产业命脉。打破海外垄断需举国之力，让"屏"背后的中国材料真正硬起 来！ 1. 国家级平台攻坚 ： 整合企业/高校/院所资源，共建显示材料共享数据库（靶材配方、PI合成工艺等）。 2. 龙头企业主导技术突围 ： 重点攻关：高纯OLED发光材料、50μm超薄柔性玻璃、稀土掺杂靶材。 3. 校企融合育人才 ： TFT-LCD ：占全球40%市场，优势为低成本、长寿命、高分辨率，关键材料包括玻璃基板/偏光片/靶材 （70%依赖进口）。 OLED ：中小尺寸高端屏首选， 柔性显示驱动材料创新 ： 核心材料 ：发光材料（90%被日韩德垄断）、PI膜（柔性基板，全部进口）、COP膜（替代TAC的潜 力材料）。 技术突破 ：透明CPI盖板（可弯折5万次）、二维材料（石墨烯电极/MoS₂晶体管）。 量子点（QLE ...

地点：深圳国际会展中心（宝安馆） 展会： 第二十六届中国国际光电博览会（CIOE中国光博会） 点击 最 下方 "在看"和" "并分享，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 正文 时间：2025年9月10-12日 2025年9月10-12日 双展联动,汽车行业人士来看什么? 深圳国际会展中心（宝安新馆） *ClOE中国光博会与SEMl-e深圳国际半导体展暨2025集成电路产业创新展将同期举办 芯片及功率半导体 智能感如系统 汽车制造 车载摄像头 | 1 0 2012 车规芯片 功率半导体 激光设备、激光器 车载摄像头 .. SEMI-6 . SEMI-e 光学材料及元件 图像传感器 车载摄像头检测测试 全固态高功率飞秒激光器 数光切割设备 车载镜头及模组 激光锡球喷射焊锡机 半导体激光器 图像传感器芯片 MOSFET 计算及控制芯片 摄像头图像质量测试图卡 光学健片 球面玻璃镜片 车载光学解决方案 存储芯片 传感芯片 IGRT 多光谱图像传感器 双工位激光铝ළ机 红外皮秒固定潜光器 高低温摄像头综合测试仪 玻璃非球面光学镜片 光学滤光片 车载镜头 貿化销 汽车工业检测线性激光器 智能激光焊接系 ...

Core Insights - The global electric vehicle (EV) industry has undergone significant transformations over the past decade, with a compound annual growth rate (CAGR) of over 60% in global new energy passenger vehicle sales in the last four years, particularly evident in China, which accounted for 58% of global sales in 2023 [3][4][10]. Group 1: Global Market Development - The global new energy passenger vehicle sales exceeded 13 million units in 2023, representing a year-on-year growth of approximately 30%, with a penetration rate nearing 20% [10]. - The sales concentration is primarily in China, Europe, and the United States, with China alone accounting for about 60% of global sales [10][12]. - The market is characterized by regional disparities, with North European countries leading in penetration rates, while Japan and South Korea lag behind [11][12]. Group 2: Technological Advancements - Significant advancements in battery technology, including increased energy density and the maturation of solid-state and sodium-ion batteries, have enhanced the practicality of EVs [4][6]. - The cost of lithium batteries is expected to decrease by approximately 25% by 2030, making EVs more competitive with traditional vehicles [6][7]. Group 3: Infrastructure Development - There has been a rapid increase in charging infrastructure, with a total of 8.6 million charging points in China by the end of 2023, reflecting a 65% year-on-year increase [39][40]. - The charging infrastructure is being optimized to support faster charging capabilities, significantly improving the convenience of using EVs [4][39]. Group 4: Competitive Landscape - The market is becoming increasingly diversified, with traditional automakers ramping up R&D investments and new tech companies entering the automotive space, leading to a more competitive environment [4][8]. - By 2030, it is anticipated that several Chinese automakers will rank among the top ten global car manufacturers, driven by rapid innovation and product iterations [7][8]. Group 5: Consumer Insights - Approximately half of overseas consumers are willing to accept EVs, with range being the primary concern when purchasing [79][84]. - The acceptance of EVs among consumers has increased from 33% in 2021 to 54% in 2022, indicating a growing market potential [80][84]. Group 6: Regional Insights - In the U.S., EV sales reached 1.43 million units in 2023, with a penetration rate of about 10%, showing significant growth potential [41][44]. - European countries are experiencing rapid growth in EV sales, with the five major markets accounting for over 70% of the region's total sales [62][63]. Group 7: Industry Challenges - The global supply chain for automotive components is shifting towards regional differentiation, with no country achieving complete self-sufficiency in vehicle-related supply chains [7][8]. - The industry faces challenges such as the transition of fuel vehicle assets and geopolitical influences on competition [8].

Core Viewpoint - 3D printing is set to coexist with traditional subtractive manufacturing, offering unique advantages such as the ability to create complex structures and improved material efficiency, while also facing challenges in precision and material limitations [2][9]. Market Space and Application Areas - The global 3D printing market is projected to reach $21.9 billion in 2024, with a year-on-year growth of 9.31%. From 2012 to 2024, the market is expected to grow at a compound annual growth rate (CAGR) of 20.71%. By 2030, the market could expand to between $84 billion and $145 billion [3][24]. - Key application areas in 2021 included aerospace (16.8%), medical (15.6%), automotive (14.6%), and consumer electronics (11.8%) [3][24]. Industry Chain: Equipment as Core, Domestic Substitution Potential - In 2024, revenues from global 3D printing services, printer sales, materials, and software are expected to be $10.3 billion, $5.9 billion, $4.4 billion, and $1.3 billion, respectively [4][51]. - The metal 3D printing market is dominated by EOS, Platinum, and Nikon SLM, holding 41.1%, 19.6%, and 11.4% market shares, respectively [4][59]. - The majority of entry-level 3D printers (96%) are sourced from Chinese suppliers, indicating a strong domestic manufacturing capability [4]. Advantages and Disadvantages of 3D Printing - Advantages include rapid prototyping of complex parts, reduced product development cycles, high material utilization rates, and optimized manufacturing processes [10][11]. - Disadvantages, particularly in metal 3D printing, include limitations in material types, precision, surface finish, and processing speed compared to traditional methods [10][11]. Industrial and Consumer Applications - Industrial-grade 3D printing is primarily used in manufacturing, aerospace, and medical devices, while consumer-grade applications focus on personal and educational uses [13][46]. - The consumer-grade 3D printing market is expected to reach approximately $4.2 billion in 2024, with a year-on-year growth of 31.25% [3][46]. Regional Market Dynamics - The U.S. currently leads the global 3D printing market, accounting for 34.4% of the industry, while the Asia-Pacific region is experiencing rapid growth, driven by increased adoption of entry-level printers and industrial applications [28][30]. Key Players and Technological Trends - Major players in the metal 3D printing market include EOS, Platinum, and Nikon SLM, while 3D Systems, Stratasys, and EOS lead in polymer 3D printing [59][60]. - The main technology in use is laser powder bed fusion, which accounts for 89.4% of metal 3D printing applications [19][20]. Future Outlook - The 3D printing industry is expected to continue evolving, with significant growth anticipated in both industrial and consumer applications, driven by technological advancements and increasing market penetration [3][24][39].

Core Viewpoint - New quality productivity is an inevitable path for switching economic growth momentum, characterized by high technology, high efficiency, and high quality, driven by technological breakthroughs and innovative allocation of production factors [4][10]. Group 1: Overview of New Quality Productivity - New quality productivity is defined as advanced productivity that achieves significant leaps in labor, materials, and objects through technological revolutions and deep industrial transformations [4]. - The development of new quality productivity is supported by various government policies aimed at enhancing emerging industries and future industries [5][24]. Group 2: Key Industry Core Sorting - The overall development of new quality productivity in Chinese provinces shows a trend of improvement and uneven development, with 20 provinces reaching a medium to high level since 2021 [9][10]. - High-level provinces such as Beijing, Shanghai, Zhejiang, Guangdong, and Jiangsu are expected to benefit first due to their advantages in higher education resources, innovation talent distribution, and infrastructure [9][10]. Group 3: Development Potential in Related Fields - The new quality productivity industry chain can be broken down into six core segments: digital economy, high-end equipment, biotechnology, smart electric vehicles, energy transition, and future industries [11][25]. - Each segment is expected to experience long-term favorable conditions driven by policies, with high-end equipment and energy transition showing significant growth potential [12][11]. Group 4: Investment Outlook - The focus on optimizing supply chains and actively cultivating emerging and future industries is crucial for enhancing new quality productivity [11][25]. - The government is expected to implement policies to address overcapacity in certain industries, promoting industrial restructuring and enhancing domestic demand [24][25].