China's new material industry innovation needs to solve three major problems

Abstract Science and Technology Daily News (Reporter Fu Lili) "China's new materials industry must be strengthened in three aspects: original innovation, integrated innovation, digestion and absorption and innovation, in order to solve the industrial development problems brought about by innovation deficiency, and to be a strategic emerging industry. Development provides support and...
Science and Technology Daily News (Reporter Fu Lili) "China's new materials industry must be strengthened in three aspects: original innovation, integrated innovation, digestion and absorption and innovation, in order to solve the industrial development problems brought about by the lack of innovation, for strategic emerging industries. Development provides support and protection,” said Qi Zhihong, an analyst at CCID Consulting's Raw Materials Industry Research Center.

Qi Zhihong said that the original innovation of new material products has the characteristics of large investment and long cycle. Without long-term continuous investment, it is difficult to develop stable products. The research institutes and related production enterprises in the field of new materials in the country are all eager for quick success, and it is difficult to tolerate the long-term "only input, no output" situation. Therefore, the original innovation of new materials is difficult and prohibitive.

Qi Zhihong pointed out that although many domestic rare earth permanent magnet materials companies have sufficient competitive advantages in terms of technical level and production cost, there is evidence that they have not infringed the patent rights of Hitachi Metals in terms of time, but because there is no patent application, many customers do not Dare to buy their products.

In addition, many key materials in China need to rely on imports, but relying on digestion and absorption to innovate, the performance of domestic materials is also constantly improving, and some products are enough to replace imported materials.

“However, in the absence of successful cases, even if the performance of domestically produced materials has fully met the standards of imported products, there are several downstream users who are willing to take risks, from small tests, pilot tests to batch application of domestically produced new materials. New materials, not promoted and applied on the final product, how do you know if the performance is fully met? This is in a dilemma." Qi Zhihong said.

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