国产替代浪潮中的隐形冠军：族兴新材破解高端铝颜料“进口依赖”密码

Core Viewpoint - The high-end aluminum pigment market, traditionally dominated by foreign companies, is being transformed by a Chinese technology enterprise, Changsha Zuxing New Materials Co., Ltd., which has mastered the entire chain of core technologies from raw materials to high-end products, achieving import substitution and gaining global influence [1] Group 1: Breakthrough and Technology Foundation - Zuxing New Materials successfully developed high-performance aluminum pigments in 1999, breaking the long-standing foreign monopoly in the Chinese market [2] - The company has established a complete system of seven core technologies, covering the preparation of fine spherical aluminum powder, fine classification, sheet processing, and surface coating [2] - The company uses high-purity aluminum water (not less than 99.85%) and proprietary high-precision supersonic atomization technology to ensure a key fine powder rate (D50<7.5 microns) of over 65% [2] Group 2: Product Innovation - In 2020, Zuxing New Materials developed aluminum pigments for water-based inks, solving industry challenges and achieving international advanced levels, thus breaking foreign monopolies in high-end markets [3] - The performance of Zuxing's main products has reached parity with international top brands, with product ZA9910 comparable to Japan's Toyo Aluminum and ZW1755 outperforming Germany's ECKA in key indicators [3] Group 3: Industry Standards and Market Access - The company's product quality and technical strength have enabled it to enter the qualified supplier systems of international paint giants such as Nippon, PPG, AkzoNobel, BASF, and Kansai Paint [4] - Zuxing New Materials has not only led or participated in the formulation of all five domestic aluminum pigment industry standards but has also contributed to three international standards, marking a significant leap from "executing standards" to "defining standards" [4] Group 4: Innovation and R&D - Continuous R&D investment is the source of innovation for Zuxing New Materials, with R&D expenses of 15.82 million, 17.04 million, and 16.28 million yuan from 2022 to 2024, and R&D personnel accounting for 14.68% [5] - The company holds 86 authorized patents, including 46 invention patents, establishing a solid intellectual property barrier [5] - Zuxing's growth reflects the journey of Chinese manufacturing towards high-end markets through independent innovation, showcasing its robust technological strength in the aluminum pigment sector [5]