基础化工新材料周报：光刻材料龙头上市，阿克苏诺贝尔和艾仕得合并剑指全球第二-20251123

Investment Rating - The industry rating is "Outperform the Market" [4][55]. Core Insights - The semiconductor materials sector is experiencing rapid domestic production acceleration, with significant expansion in downstream wafer factories, highlighting the competitive advantages of leading companies [3][33]. - The IPO of Xiamen Hengkang New Materials Technology Co., Ltd. on November 18 has garnered attention, with a market capitalization reaching approximately 27.656 billion RMB after a significant price surge [3][32]. - The merger between AkzoNobel and Axalta Coating Systems aims to create the second-largest global coatings company, with an estimated market value of 25 billion USD (approximately 177.7 billion RMB) [3][33]. Market Overview - The Wind New Materials Index closed at 4834.46 points, down 7.34% week-on-week. The semiconductor materials index fell to 7153.92 points, a decrease of 7.08% [2][13]. - The top five gainers this week included Chenguang New Materials (16.37%), Tongcheng New Materials (14.75%), and Shanghai Xinyang (9.42%), while the top five losers included Aoke Co., Ltd. (-19.58%) and Sanxiang New Materials (-15.92%) [2][27][29]. Recent Industry Highlights - The chip market is projected to reach 145.4 billion USD by 2035, with a compound annual growth rate of 29.1% from 2026 to 2035 [3][31]. - The merger between AkzoNobel and Axalta will integrate complementary product portfolios across various coating sectors, with an expected revenue of 17 billion USD in 2024 [3][36].