On December 19, the three major A-share indexes hit new lows in the year, and the market turnover continued to be sluggish, and the money-making effect was poor. Polyetheretherketone (peek）It has become a rare market hot spot in the past two trading days, and has been sought after by funds.
Among them, on December 19**, Huami New Materials achieved a 30% daily limit, Xinhan New Materials walked out of the 20% daily limit for 2 consecutive trading days, and many shares such as Zhongyan Co., Ltd. rose or rose sharply.
On the news side, on December 13, Tesla released the ** of Optimus-Gen 2 (second-generation Optimus Prime). Among them, the highlight of the general attention of the market is that the second-generation Optimus has significantly improved a number of performances: walking speed is increased by 30%, weight is reduced by 10kg, and balance and whole body control are improved.
Not lessAnalysts believeTeslaorChanged to a large number of thempeekMaterials:In order to achieve the purpose of weight reduction, it has become an important part of the landing of humanoid robots！Humanoid robots have limited power to carry, so they need to reduce weight and increase battery life by using lightweight materials. PEEK is a high-end engineering plastic, with a specific strength of about 8 times that of aluminum alloy, which is an excellent solution for lightweighting.
In addition, automotive lightweight has always been the development trend in the field of new energy vehicles, so PEEK materials have recently received high attention from the market.
peekExcellent performance, new energy vehiclesRobotswill become a major new demand
It is reported thatPolyetheretherketone (PEEK) is oneSpecial engineering plastics have the advantages of heat resistance, flame retardant, wear resistance and corrosion resistance。Compared with engineering plastics, PEEK material has both rigidity and toughness;Compared with metal materials, PEEK materials have higher specific strength and lower weight.
In terms of demand, according to market Emergen Research, the global PEEK market capacity is expected to be 72.1 billion US dollars, of which China's PEEK market consumption is currently second only to Europe and the United States. From the perspective of downstream applications, due to the relatively high ** of PEEK resin, its application is mainly in high-end fields, such as transportation, industry, electronics and other fields.
In 2019, the global downstream sales of PEEK materials were transportation (40%), industrial (25%), electronic information (24%), medical and other (10%). Incremental demand in the futureorPrimallyfromNew energy vehicles, robotics
The analysis of the national finance ** believes thatPEEK material will be used in the automotive field with good NVH performance + corrosion resistance + high temperature resistance, 3D printing with fuel resistance + high mechanical properties, and robotics with rigidity, toughness + lightweight and other properties
AutomotiveThe growth of :p EEK in the automotive industry is mainly due to the demand for lightweight components in the automotive industry. With the increasing demand for lightweight, energy saving and emission reduction in the automotive industry, PEEK material has good friction resistance, mechanical properties and lightweight, so it can replace metal in key components, and can be mainly used to manufacture engine covers, bearings, clutch rings, seals, enameled wires, etc.
RoboticsThe main requirements for robots are lightweight and durable. PEEK material is a thermoplastic material, easy to process into various forms of parts, and the density of pure PEEK resin material is only 13g cubic centimeter, which is an excellent high-strength, lightweight material, and also has excellent characteristics such as corrosion resistance and wear resistance, so it is expected to be used in the field of robotics.
3D printing fieldAs a high-performance thermoplastic material, PEEK material and carbon fiber have excellent fuel resistance after fusion, and still have durability and mechanical reliability at 240 temperatures, so PEEK material can be applied to 3D printing by fusing with carbon fiber.
in the coming years of our countryPEEK material will be in short supply
The main barriers to PEEK materials are concentrated in the production process and verification cycle。PEEK materials have been developed for a long time, but there are few large-scale production enterprises in the world, and the main production capacity is monopolized by foreign-funded enterprises, mainly because the laboratory synthesis process is quite different from the actual industrial production process, which requires the accumulation of profound production technology and experience.
In addition, the validation period for the industrial production of PEEK materials is long. It takes about 7 years for the production capacity to ramp up, and it takes 3-5 years for the downstream customer certification development cycle.
Therefore, the current globalPEEK manufacturers present a competitive pattern of "one super and many strong".。The world's leading Victrex has an annual production capacity of 7,150 tons, accounting for 60% of the global shareSales volume in 2021 is 41325 tons, with a market share of 5355%。Solvay Belgium has an annual production capacity of 2,500 tons, with a sales volume of 1,425 tons in 2021 and a market share of 1847%。Evonik Germany has a production capacity of 1,800 tons, with a sales volume of 912 tons in 2021 and a market share of 1182%。
Since 2016, China's domestic companies have made initial breakthroughs, with a total market share of about 11% for Zhongyan and PFLUON
According to the prospectus of Zhongyan Co., Ltd., it is expected that during the period from 2022 to 2027, China's effective new production capacity will be about 3,000 tons. It is estimated that the actual domestic PEEK production capacity in 2027 will be about 5,394 tons per year, corresponding to an effective output of about 2,967 tons. According to the estimation of Guojin**, the scale of China's PEEK material market is expected to reach more than 16.7 billion yuan in 2027.
According to Sullivan Consulting**, ChinaDemand for PEEK products continued to grow at a rate of 16With a CAGR of 82%, demand is expected to be around 5,079 tonnes in 2027, with demand outstripping supply
peekDomestic manufacturers in the industrial chain have the best advantages
PEEK is a synthetic resin, and the upstream raw materials of the industry mainly include fluoroketone (the most critical, which directly affects the quality of PEEK products), hydroquinone, diphenyl sulfone and sodium carbonate, etc., the midstream includes the manufacture of PEEK products such as PEEK particles, PEE ** end, PEEK reinforced particles, and the downstream includes new energy vehicles, electronic information, energy and industry, medical health, aerospace and other fields.
Material**: Prospectus of Zhongyan shares.
For nowPEEK material is about 30-400,000 tons in China and 80-1 million tons abroad。Raw materials account for 75% of the production cost of PEEK materials, mainly including fluoroketone, hydroquinone, diphenyl sulfone, sodium carbonate, etc., of which fluorone ** is more expensive, accounting for more than 50% of the cost. It takes about 07-0.8 tons of fluoroketone monomer, fluoroketone** is about 10-150,000 tons of fluoroketone. The global fluoroketone production capacity is concentrated in China, and the domestic production capacity is sufficient.
In the process of producing PEEK, injection molding machines, polymerization kettles, reaction kettles, water washing kettles, centrifugal filters, distillation machines and hot air dryers are used. The equipment required in the overall production process can already meet the basic needs of the domestic market.
According to the information and announcements of listed companies, the author combed and foundThere are a number of companies involved in PEEK business in A-shares, and the author has sorted out the main companies for your reference。Among them,Huami New Materials, Xinhan New Materials, Fuheng New Materials3** have risen by more than 40% this week.
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