Driven by policy support and demand growth, the evaporation materials industry has broad development space

Evaporation refers to a technology that uses heating and evaporation to evaporate and vaporize coating materials under vacuum conditions, so that particles fly to the surface of the substrate and condense to form a film. Evaporation materials refer to materials that use evaporation methods to prepare thin films. The main categories include metal and non-metal particles, oxides, fluorides, etc. The main production steps of evaporation materials include mixing, raw material pretreatment, molding, sintering, testing, etc.

Among them, metal and non-metal particles used as evaporation materials mainly include nickel evaporation materials, copper evaporation materials, aluminum evaporation materials, silver evaporation materials, tin evaporation materials, chromium evaporation materials, etc.; oxides mainly include titanium-tantalum alloys and disilicon aluminum alloys. , zirconium oxide, quartz flakes, erbium oxide, etc.; fluorides mainly include magnesium fluoride, dysprosium fluoride, lanthanum fluoride, etc.

After development in recent years, the domestic evaporation technology market penetration rate has been continuously improved, and it has been applied in solar cells, optical components, flat panel displays, OLED panels, semiconductors, lighting components and other fields. In recent years, driven by the rapid development of its application fields, the domestic market demand for evaporation materials has continued to increase and its scale has continued to expand. In 2021, my country’s evaporation material market sales will reach 125.1 tons, a year-on-year increase of 12.7%; the market size will reach 160 million yuan, a year-on-year increase of 1.1 times.

At the same time, evaporation materials are an important component of PVD coating materials, one of the new domestic materials, and their industry development is strongly supported by national policies. For example, the “Guiding Opinions on Expanding Investment in Strategic Emerging Industries to Cultivate and Strengthen New Growth Points and Growth Pole” in September 2020 proposed to accelerate the development of photoresist, high-purity target materials, high-temperature alloys, high-performance fiber materials, high-strength and high-conductivity Breakthroughs have been achieved in the fields of heat-resistant materials and corrosion-resistant materials; the “14th Five-Year Plan and 2055 Vision Goals Outline” in March 2021 proposed to focus on strategic emerging industries such as new generation information technology, new materials, and high-end equipment. Accelerate the innovative application of key core technologies.

In the future, driven by the continued favorable domestic policies and the continued development of its application fields, the scale of my country’s evaporation materials market is expected to continue to expand. According to the “China Evaporation Materials Industry Market Monitoring and Future Development Prospects Research Report 2022-2026” released by the Industrial Research Center , it is expected that by 2025, the domestic evaporation materials market will grow to 450 million yuan, and the industry has broad development prospects.

Industrial Analyst personnel said that the current domestic companies in the evaporation material market mainly include Ashichuang, Haipu Runsi, and Zhanchi Optoelectronic Technology, Fandechen, Li Chengde Group, Yannuo Xincheng, etc. Among them, Ashichuang is currently the leading company in my country’s evaporation materials market. According to its corporate annual report data, Ashichuang’s evaporation material business revenue will reach 150 million yuan in 2021, a year-on-year increase of 104.5%, with a gross profit margin of 12.4%. In the future, against the background of the rapid development of domestic semiconductor, photovoltaic, and optical industries, the domestic market demand for evaporation materials will maintain a sustained growth trend, and the industry has broad room for development.