HONG KONG, July 8, 2021 – (ACN Newswire) – Brand-new products, with the brand-new global scenario, has actually ended up being a crucial sector for conquering market difficulties, and is favoured by nationwide tactical advancement preparation policies. Pearlescent products and artificial mica are high value-added brand-new products. International New Product (6616 HK), which performed its IPO from June 30 to July 6 and prepares to concern 290 million shares at HKD3.52 -4.22 when it notes July 16, produces China’s market-leading shares in both.
Pearlescent products are anticipated to flourish, attaining a market size of over RMB140 billion.Pearlescent products have dominant benefits when compared to standard pigments. As a brand-new consumable product without a certain market life process, pearlescent pigments are quickly changing standard natural pigments and metal pigments, and are commonly used in finishings, inks, plastics, cosmetics, autos, aerospace and other fields. As stated in the Category of Strategic Emerging Industries (2018) provided by the main federal government, pearlescent products are consisted of in the pigment production sector of tactical emerging markets.
International New Product, which remains concentrated on innovation, plays a leading function in the field of pearlescent products. With the strong assistance of the technical group, headed by Teacher Jiansheng Fu, a world-renowned pearlescent product specialist called the leading authority on pearlescent products in China, and daddy of chameleon pearlescent products, International New Product can introduce over 100 brand-new items every year, consisting of silicon ball series, the Light of the Dawn series, and other ingenious lines of items leading the worldwide market.
Worldwide New Product has actually offered its items in China and to more than 30 nations and areas in Asia, Europe, Africa and South America. As displayed in a report released by Frost & Sullivan, in regards to business income, International New Product was the biggest maker of pearlescent products and the market leader in China in 2020 with a market share of 11.0%, the only business in China that inhabits a market share of over 10%.
In the international market, Worldwide New Product ranked as the 4th biggest maker of pearlescent products in 2020 with a market share of 3.0%which is just 0.2%lower than that of the 3rd biggest one. International New Product is presently in the explosive phase of obtaining a market share of RMB140 billion.
On the whole, the worldwide pearlescent product market is on the consistent increase with the marketplace take reaching RMB189 billion in 2020 and with a compound yearly development rate of 19.2%from 2016 to2020 Thinking about that the overall market size of the worldwide pigment market is presently RMB160 billion, pearlescent pigments are anticipated to change other pigments and acquire a larger market share.
As anticipated by Frost & Sullivan, in view of usage upgrade and of the truth that pearlescent products are slowly changing other pigments, the marketplace size of the pearlescent product market will reach RMB446 billion in 2025, and the substance yearly development rate of the worldwide pearlescent pigment market will even more reach 23.9%from 2021 to 2025, suggesting that the market remains in the explosive development phase. (Chart # 1).
In the mid-to-high-end customer sector, the marketplace share inhabited by pearlescent products is growing at an expedited rate.
According to information, the marketplace size of automotive-grade pearlescent products reached RMB950 million in 2020, accounting for 5.0%of the general market size of the pearlescent products market. In the field of cosmetics, the marketplace size of cosmetic-grade pearlescent products is likewise on the constant increase. Information reveals that from 2021 to 2025, pearlescent products to be used in the worldwide automobile market and the international cosmetics market will experience a substance development rate of 47.1%and 32.8%respectively. (Chart # 2).
In the customer sectors, particularly in the mid-to-high-end customer sector, pearlescent products that are acquiring a higher market share will continue to drive the quick advancement of Worldwide New Product.
In addition to pearlescent products, artificial mica that is a brand-new product extending to the upstream of the commercial chain and having core technical benefits is likewise offering strong assistance to the advancement of Worldwide New Product.
From pearlescent products to fuel cells, artificial mica is of excellent market capacity.
Artificial mica is commonly used in various fields, and is utilized as a base product of pearlescent products. First-generation pearlescent products are natural mica-based, and natural mica products presently utilized are imported from India as natural mica in China has actually been tired. In this context, the very best service for attaining localization and preventing dependence on imported innovations is to change natural mica with artificial mica.
Information reveals that the marketplace share of artificial mica-based pearlescent pigments has actually increased from 5.3%in 2016 to 11.7%in2020 Driven by the innovation development and efficiency enhancement of artificial mica, the marketplace share of artificial mica-based pearlescent pigments in the international market is anticipated to reach 23.6%in 2025, and the artificial mica-based pearlescent pigment market will introduce a compound yearly development rate of 47.6%from 2021 to2025
Mica items are likewise extensively utilized in producing insulating products and refractory products which are even more utilized in electrical power, high-temperature smelting, home appliances and other fields. In 2020, the marketplace size of mica used in producing pearlescent products, in producing refractory products, and in producing insulating products reached RMB1.38 billion, RMB7.66 billion, and RMB3.70 billion respectively.
Artificial mica items with much better general efficiency than natural mica items are still extending to higher-end markets, consisting of the field of fuel cells that is the focus of the most attention in the market. In addition, these products can be additional used to semiconductors and other advanced fields.
Considered that artificial mica-based items reveal much better insulation, high-temperature resistance and rust resistance than natural mica-based items, artificial mica-based items are most likely to be utilized in higher-end fields and wider applications. Artificial mica-based items are extensively utilized in producing cosmetic-grade and automotive-grade pearlescent pigment items, and in the thermal insulation product market and even the fuel cell field of brand-new energy cars.
Mica can be utilized as a high-temperature proton exchange membrane for fuel cells. Research studies discovered that compared to graphene, which is establishing as a proton-conducting product, mica carries out much better in regards to proton conductivity and thermal stability. At 150 degrees Celsius, mica membrane reveals proton conductivity more than 2 times greater than that needed for commercialization, which suggests that cars developed with fuel cells utilizing mica membranes will have a significantly enhanced mileage.
At present, mica membrane as a brand-new kind of proton-conducting membrane product with high proton conductivity has actually taken shape in the research study and advancement procedure. Research studies discovered that the dealt with mica movies reveal significantly enhanced proton conductivity and have their service temperature level having actually been increased from 100 degrees Celsius to 500 degrees Celsius, which the application of such movies with high proton conductivity and exceptional heat resistance in enhancing existing fuel cells will improve the advancement of the field of fuel cell cars.
Worldwide New Product, which ranks initially in the artificial mica market, is anticipated to be able to totally make use of the capacity of this field. In 2015, the Ministry of Market and Infotech of individuals’s Republic of China noted artificial mica as one of the 18 crucial fundamental brand-new products for the nationwide commercial updating task, and just CHESIR (now Worldwide New Product) was licensed to handle this job.
As the only business in the market that has all the core innovations of artificial mica, International New Product has actually efficiently fixed the essential technical troubles such as control instability, bad insulation efficiency, and firmness and brittleness brought on by high fluorine material, and has actually understood the localization of the production of premium artificial mica with the world-leading quality level of artificial mica items. Global New Product is likewise broadening applications of artificial mica.
International New Product’s organization scale is presently ranking initially in the worldwide market.
In the international artificial mica-based pearlescent products market, leading 5 market gamers ranked by business profits in 2020 inhabited an overall market share of 28.1%, and Global New Product ranked initially with a market share of 8.9%which is 3.4%greater than that of the 2nd one. In the domestic market, Worldwide New Product ranked initially with a market share of 25.4%which is more than two times the marketplace share of 12.5%of the 2nd gamer. (Chart # 3).
With considerable benefits in regards to innovation and company scale, International New Product will have countless advancement potential customers so long as it can advertise artificial mica in the field of fuel cells. As a leader in the international brand-new product market which is getting market share and has area for future advancement, Worldwide New Product will appear in the secondary market at an appealing business evaluation.
International New Product still has a benefit in business evaluation under the drive of 2 kinds of brand-new consumable products.
Worldwide New Product presently has a share capital of 1.163 billion shares at a concern rate of HKD3.52- HKD4.22, with an overall market price of HKD4.094 billion to HKD4.909 billion.
International New Product had its net earnings attributable to investors reaching RMB77402 million, RMB103 million and RMB148 million respectively from 2018 to 2020, and had the net earnings attributable to investors in 2019 and 2020 revealing a year-on-year boost of 33.07%and 43.69%respectively. It is approximated based upon those information that Global New Product’s price-to-earnings ratio will reach 15 x-18 x in2021
Ganfeng Lithium, a noted business on HKEx that is participated in the upstream fields of the brand-new energy battery, is anticipated to attain a price-to-earnings ratio of about 64 x in 2021, and Flat Glass Group, took part in the market of brand-new energy photovoltaic glass products, is anticipated to attain a price-to-earnings ratio of 23 x in2021 This implies that as an industry-leader having core innovations needed for making 2 kinds of brand-new consumable products, International New Product is of fantastic prospective to increase its business appraisal.
When its second-phase plant, with a yearly output of 30,000- load artificial mica, is finished and put into operation, Worldwide New Product will be able to take control of the upstream fields in the international supply chain of artificial mica items, to take a leading position in the pearlescent product market and the artificial mica market, and as an outcome, to even more boost its net success in the future.
A wave of financial investment is anticipated to be activated as soon as International New Product is formally noted on July16
Haolu Wang, Peanutmedia.
Subject: News release summary.
Sectors: Daily Financing.
From the Asia Corporate News Network.
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