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Hong Kong, July 5, 2021-(ACN Newswire)-As one of China’s seven strategic emerging industries and one of the ten key development areas under the “Made in China 2025” policy, the new material industry is considered to be a high- -The technology industry with the most potential in the 21st century and a major impact on future development.
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Global New Materials International Holdings Co., Ltd. (Global New Materials) is a leader in this market segment. Its main products include natural mica, synthetic mica, silica, alumina and other substrates, all of which represent a relatively high market in this segment. The share of new consumables has high barriers, high added value and broad market prospects.
Global New Materials released its IPO prospectus on June 30, 2021. Its shares are expected to begin trading on the main board of the Hong Kong Stock Exchange (6066.HK) on July 16, 2021.
1. The rapid growth of the new materials industry empowers the huge development potential of Global New Materials
Generally speaking, growth stocks have greater market potential than value stocks, and companies that grow faster than their industry sectors usually show growth in sales and profits. Many outstanding growth stock companies are in a leading position in some emerging industries. Global New Materials has the characteristics of a growth joint-stock company.
The fast-growing “new material” industry has a bright future
The main products of Global New Materials include natural mica-based and synthetic mica-based pearlescent pigment products. It has the core technology required for the production of synthetic mica. It occupies a leading position in the high-end market and is at the forefront of advanced technology.
With the breakthrough of production technology and the rise of scientific manufacturing, the public’s awareness and recognition of synthetic mica-based pearlescent materials will increase in the future, and the consumption level will gradually increase. Synthetic mica-based, alumina-based and other pearlescent materials will become the future development. trend. Widely used in different application fields, there will be room for further market growth.
Frost & Sullivan predicts that the market size of the global new materials market will reach RMB 3.251.11 billion in 2024, with a compound annual growth rate of 10.9% from 2020 to 2024. Frost & Sullivan also predicts that from 2021 to 2025, the annual compound growth rate of the new material segment in the global market and the Chinese market will reach 23.9% and 30.8%, respectively. The application and demand of pearlescent materials will Rapid increase.
In addition, the demand for high-end and high-performance pearlescent pigment products is strong. The automotive and cosmetics fields where pearlescent pigment products are widely used have developed rapidly in recent years, with a compound annual growth rate of 47.1%. 2021-2025 will increase by 32.8% and 32.8%, respectively. The demand for performance pearlescent pigment products is strong, and global new materials are expected to further…
The full story on Benzinga.com
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