Shanghai intends to lead the development of new materials in 2010 will achieve sales revenue of 100 billion yuan, the domestic market share of 20%

The reporter learned from the just-concluded 2005 Shanghai International New Material Development Trend Forum that Shanghai proposed to lead the development of new materials industry during the “Eleventh Five-Year Plan” period and build a new material science and technology talent gathering base, a new material innovation base, a new material production base and new Material export base.
Shanghai Municipal Economic Commission proposed that by 2010, Shanghai's new material industry is expected to achieve annual sales of 100 billion to 120 billion yuan, of which 45% will be new organic materials, 40% will be new metal materials, 10% will be new types of building materials, and new inorganic materials. And composite materials accounted for 3% and 2%, respectively; total profit of about 10 billion yuan, direct exports of 1 billion US dollars of foreign exchange, production and sales rate of 99%; the city's new materials in the domestic market share of 20%, key products to expand the international market; Established 16 national key laboratories and 16 state-level technology centers. The number of patent applications ranks first among domestic counterparts, and the input rate for science and technology is 3.5%; most products are at or close to the international advanced level.
It is understood that in recent years, new materials have been extensively researched, developed, produced and applied in Shanghai and are at the forefront of the country. Metals, ceramics, and polymer materials have infiltrated each other and formed a multidisciplinary new technology system. New metal materials and new organic materials based on high-performance plastics, special rubbers, and differentiated fibers have become the mainstream of the industry, and new types of building materials have also formed a certain scale. In 2005, the total output value of Shanghai's new materials industry will reach 60 billion yuan.
According to experts, during the “Eleventh Five-Year Plan” period, the domestic new materials industry will develop rapidly, and by 2010 China’s new material market will reach RMB 650 billion. Bayer, DuPont, GE and other internationally renowned companies have established large-scale material projects in China through wholly-owned or joint ventures. Shanghai has become an important target for them. The Shanghai Chemical Industry Park, Gaoqiao Petrochemical, Huayi Group and other companies will also use international power to enhance their level of competition in new material products.