材料汇·2025-11-22 15:11Core Viewpoint - The article discusses the development and market dynamics of the thermal conductive materials industry in China, highlighting the increasing demand driven by advancements in 5G technology and consumer electronics, as well as the competitive landscape and supply chain analysis of the industry [9][25]. Industry Overview - The thermal conductive materials industry in China is primarily focused on solving heat dissipation issues in various sectors, including communication, consumer electronics, and data centers [3][25]. - The industry has seen significant growth, with the market size increasing from 74.1 billion RMB in 2015 to 156.2 billion RMB in 2021, and projected to reach 186.3 billion RMB by 2024 [33][34]. Market Size - The market size of thermal conductive materials in China was 156.2 billion RMB in 2021, with a compound annual growth rate (CAGR) of 18.2% expected from 2019 to 2024 [33][34]. - The growth is attributed to the commercialization of 5G technology and the increasing application of thermal conductive materials in various fields [33]. Policy Analysis - The article emphasizes the supportive policies for the development of the thermal conductive materials industry, particularly in relation to 5G infrastructure and consumer electronics [20]. Driving Factors - The commercialization of 5G technology is expected to further popularize thermal conductive materials, as higher performance requirements for devices lead to increased heat generation [21][25]. - The development of consumer electronics is also a significant driver, with the demand for efficient heat dissipation solutions growing alongside advancements in technology [22][25]. Industry Trends - The article notes a trend towards the diversification of applications for thermal conductive materials, moving beyond traditional sectors into areas such as electric vehicles and data centers [25][33]. - The industry is evolving into a knowledge-intensive sector, with a focus on innovation and high-tech solutions to meet the demands of modern electronic devices [18][22]. Competitive Landscape - The competitive landscape is characterized by a high degree of fragmentation, with domestic companies gradually emerging to challenge established foreign players in the high-end market [9][10]. - The article highlights that while the high-end market is dominated by foreign companies, domestic firms are making strides in the mid to low-end segments [10][17]. Supply Chain Analysis - The supply chain for thermal conductive materials in China is less integrated compared to international standards, with upstream raw materials being readily available [9][10]. - The upstream materials include chemical raw materials such as graphite, PI film, and silicone rubber, which are essential for the production of thermal conductive materials [11][12]. Downstream Applications - The primary downstream applications of thermal conductive materials are in the consumer electronics and communication sectors, which together account for over 80% of the market [25][28]. - The demand for thermal conductive materials is expected to rise significantly with the ongoing construction of 5G base stations and the proliferation of 5G-enabled devices [28][32].