According to the research results of the European Automobile Industry Association, every 100kg reduction in vehicle weight can directly lead to a reduction in fuel consumption of about 0.4 liters per 100 kilometers. At the same time, this measure can also help reduce carbon dioxide emissions by about 1kg.

Data from the U.S. Department of Energy also confirms the importance of lightweight for energy conservation and emission reduction, pointing out that when the overall weight of a car is reduced by 10%, its fuel efficiency will be significantly improved, as shown by a 6% to 8% reduction in fuel consumption. It is particularly significant that if the traditional steel structural parts of the car are replaced by advanced lightweight materials, the weight of the car's body and chassis is expected to be reduced by up to 50%. This change will directly lead to a substantial reduction in the corresponding carbon emissions. It is of great significance to promote green travel and respond to climate change.

New automotive materials refer to the newly developed or developing structural materials with excellent properties and functional materials with special properties. These materials have a wide range of applications in automobile manufacturing. Compared with traditional materials, these new materials have significant advantages in strength, toughness, hardness, elasticity, corrosion resistance, fatigue resistance, thermal conductivity, sound insulation, etc., which can significantly improve the safety, energy saving, environmental protection and economy of automobiles.

From the perspective of structural materials, new automotive materials include, but are not limited to, new ceramic materials, amorphous alloys (such as metallic glass), high-strength plastics, carbon fiber reinforced plastics (CFRP), etc. In terms of functional materials, new automotive materials cover conductive materials, thermal conductive materials, and sound insulation materials. These materials use their electrical, optical, acoustic, magnetic, thermal and other functions and physical effects to provide more efficient energy transmission, temperature control and noise suppression solutions for key components such as automotive batteries, motors, and electronic control systems.

Analysis on the Development Status and Future Market Trend of Automotive New Material Industry in 2024

The Chinese government attaches great importance to the development of the new automotive materials industry and has introduced a series of policies and measures to support industrial innovation and technological upgrading. These policies include financial subsidies, tax incentives, research and development support, etc., which provide a broad space for the development of new automotive materials enterprises.

The latest production and sales data released by the China Association of Automobile Manufacturers show that in August, China's automobile production and sales completed 2.492 million and 2.453 million respectively, up 9 per cent and 8.5 per cent respectively from the previous month. In the first eight months of this year, China's automobile production and sales completed 18.674 million and 18.766 million vehicles respectively, an increase of 2.5 percent and 3 percent respectively over the same period last year, and the growth rate of production and sales narrowed by 0.9 percentage points and 1.3 percentage points respectively compared with the previous seven months.

In August, my country's new energy vehicle production and sales maintained rapid growth, completing 1.092 million and 1.1 million vehicles respectively, an increase of 29.6 and 30% year-on-year, and new energy vehicle sales reached 44.8 percent of total new vehicle sales. In the first eight months of this year, the production and sales of new energy vehicles in China completed 7.008 million and 7.037 million respectively, an increase of 29 per cent and 30.9 per cent respectively over the same period last year, and the sales of new energy vehicles reached 37.5 per cent of the total sales of new vehicles.

The rise of new energy vehicles and increasingly stringent environmental regulations are the main driving forces for the growth of the new automotive materials market. At the same time, the high dependence of intelligent networked vehicles on new materials such as sensors and chips has further broadened the application fields of new materials.

According to the "2023-2028 in-depth analysis of the automotive new materials industry and investment value research advisory report" released by the China Research Institute of industry research shows:

With the development of nanotechnology, precision chemistry, artificial intelligence and other science and technology, more and more new composite materials have been developed and manufactured. These new materials not only have lighter and stronger characteristics, but also have unique properties such as high-efficiency catalysis, photosensitivity, and conductivity, providing more choices for the automotive industry. At the same time, the production process of composite materials is constantly improved and optimized, making the production process of composite materials more efficient, environmentally friendly and cost-controllable.

In the context of increasing global environmental awareness, environmental protection and sustainable development have become important trends in the automotive new materials industry. The composite industry needs to actively respond to the requirements of environmental protection policies, adopt more environmentally friendly and sustainable production processes and materials, and reduce energy consumption and emissions in the production process. At the same time, composite products themselves also need to have recyclable, degradable and other environmental characteristics to meet the market demand for green products.

In the fierce market competition, whether enterprises and investors can make timely and effective market decisions is the key to success. The report accurately grasps the unmet market demand and trend of the industry, effectively avoids the investment risk of the industry, consolidates or expands the corresponding strategic target market more efficiently, and firmly grasps the initiative of industry competition.