The market for sandwich composite materials is vast, and Evergreen Technology is a leading supplier

Sandwich composite materials use lightweight materials such as low-density and thick honeycomb materials, PET, and PVC structural foam as core materials, and use reinforcing materials such as metal plates and non-metal plates with high stiffness and thinness as surface materials. They are bonded Process composition. According to different main materials, sandwich composite materials are mainly divided into three types: stainless steel honeycomb panels, aluminum honeycomb panels, and ultra-thin stone honeycomb panels. Sandwich composite materials have the characteristics of light weight, high strength, good safety, high performance, energy saving and environmental protection, and have been widely used in aviation, shipbuilding, rail transit, building decoration and other fields.

The upstream of the sandwich composite material industry chain is mainly the supply layer of raw materials such as metal sheets and profiles, textile fiber materials, stone, and coatings. The midstream is the sandwich composite material production enterprise. The downstream is the application field of sandwich composite materials, which mainly includes transportation manufacturing and architectural decoration. production and other fields.

Affected by the needs of downstream enterprises, sandwich composite materials have a rich product segment. Customers have highly differentiated requirements for sandwich composite materials. Sandwich composite material companies have developed a variety of products targeting different surface materials, core materials, thicknesses, temperatures, humidity, pressure and other factors. Production activities include small batches, multi-batch, and customization. characteristics.

The sandwich composite material industry and its downstream industries receive strong support from the state. On January 18, 2022, the State Council issued the “14th Five-Year Plan for the Development of Modern Integrated Transportation System” to promote the high-quality development of the rail transit industry in the direction of intelligence and greenness, which will further drive the growth of market demand for sandwich composite materials. At the same time, the state has introduced policies to promote consumption upgrades in the construction and decoration industry, which will also promote the gradual increase in the market penetration rate of sandwich composite materials.

According to the “2023-2028 China Sandwich Composite Materials Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center, Changqing Technology is a domestic developer of sandwich composite material products. Its main customers include well-known enterprises such as CRRC, Alstom, Jangho Group, and China Railway Construction Engineering Group. Its main product sandwich composite materials have been used in the office building of the Ministry of Commerce, Domestic landmark buildings such as the National Convention Center, National Library, China Tower, Guangzhou Baiyun Airport, Shanghai Maritime Museum, Huawei Hangzhou R&D Center, etc. However, in 2022, Evergreen Technology’s revenue from CRRC Group accounted for nearly 30% of total revenue, reflecting that Evergreen Technology has the risk of high customer concentration.

The foreign market for sandwich composite materials is equally broad. As an supporting product for rail transit vehicles, benefiting from the implementation of the Belt and Road strategy, the overseas market space of sandwich composite materials continues to expand. Evergreen Technology, a representative company in the industry, has reached an early cooperation with Alstom, a foreign rail transit company, to transport products abroad.

Industry analysts said that sandwich composite materials have a wide range of applications and a large market demand, but currently only Changqing Technology is on the market The company is dominant and lacks market competition. There is a vast market space waiting to be developed. It is recommended that companies interested in the sandwich composite material industry and possessing relevant technologies enter as soon as possible to enjoy market dividends.