China's new material output to exceed 10 trillion yuan! nantong wanhua mingyu supports half the industry with these good materials

With the in-depth advancement of new industrialization and the accelerated implementation of the "dual carbon" goals, there is an explosive growth in global demand for new materials that are "high-performing, environmentally friendly, and functionally innovative." The industry is ushering in a historic development opportunity.

Data shows that the global new materials market is expected to be valued at 5 trillion USD in 2024, with China contributing approximately one-third of the global share with a production value of 8.48 trillion RMB, maintaining double-digit rapid growth for 14 consecutive years. It is projected that by 2025, China's production value will exceed 10 trillion RMB, increasing its global market share to 35%.

Green, eco-friendly, and high-performance new materials have become key forces in driving industrial structure upgrades and assisting in the achievement of the "dual carbon" goals. As an important strategic outpost of Wanhua Chemical in the East China region, Nantong Wanhua Mingyu New Material Technology Co., Ltd. (hereinafter referred to as "Wanhua Mingyu") is leveraging its profound technical prowess and forward-looking layout to become a pillar of high-quality development in the industry.

Rooted in the fertile land of East China, relying on Wanhua to serve the world.

Nantong Wanhua Mingyu New Material Technology Co., Ltd. is headquartered in Yantai, Shandong, with its office located at Ganbang Building, No. 300 Beida Street, Chongchuan District, Nantong City, Jiangsu Province. It is a core unit within the Wanhua Chemical system, focusing on the business of various plastic particles.

Relying on Wanhua Chemical's decades of industrial foundation, technological advantages, and brand influence in the chemical field, the company primarily focuses on the operation and services of various high-quality chemical materials such as PC (polycarbonate resin), TPU (thermoplastic polyurethane elastomer), PMMA (polymethyl methacrylate), PA12 (polyamide 12, also known as nylon 12), and POE (polyolefin elastomer). It is committed to providing customized, high-value-added material solutions for clients in different industries, becoming an important bridge connecting Wanhua Chemical's core technologies with market demands.

Multi-category new materials drive development, empowering comprehensive industry upgrades.

As an important part of Wanhua Chemical's strategic layout, Wanhua Mingyu has always been market demand-oriented and technology-driven at its core, creating a diversified product matrix that includes engineering plastics, elastomers, optical materials, and specialty polymers, providing key material support for industrial upgrades in multiple fields such as automotive, construction, electronics, and energy.

1. TPU Elastomers: From Seven Major Application Scenarios to Breakthroughs in Green Bio-based Solutions

TPU thermoplastic polyurethane elastomer, as the company's star product, is widely used in home living, sports and leisure, automotive transportation, construction industry, electronics, personal care, and green energy sectors, thanks to its exceptional mechanical properties, high elasticity, and strong wear resistance. Whether it's the elastic components of sports equipment, eco-friendly materials for automotive interiors, or seals in green energy fields such as photovoltaics and wind power, its performance is highly recognized by the market.

What is more noteworthy is that the company's TPU bio-based product, which combines high bio-based content with excellent mechanical properties. Using recyclable green resources as raw materials, it achieves high bio-based content while maintaining excellent mechanical properties, perfectly aligning with the green environmental protection demands under the "Dual Carbon" strategy, and providing an innovative path for the sustainable development of new materials.

2. PMMA Material: High Transparency Characteristics Illuminate Multiple Application Scenarios

PMMA (polymethyl methacrylate), commonly known as "acrylic glass," has become the preferred material in many fields due to its excellent optical properties, good weather resistance, high scratch resistance, and attractive appearance.

The company's PMMA series products are suitable for processing techniques such as injection molding and extrusion, and are applicable in multiple scenarios. In the automotive industry, they can be used for car light covers and dashboard panels, enhancing both the aesthetic appeal and durability of the products. In the construction field, they can replace traditional glass in applications such as skylights, partitions, and curtain walls, reducing the overall weight of buildings while contributing to energy-saving and consumption reduction in green buildings. Furthermore, in the fields of lighting fixtures, household appliance casings, daily household items, and medical equipment, PMMA materials also meet diverse needs with their versatile properties.

3. POE, XLPE, PC: Sub-sectors Establishing Solid Industry Support

In addition to its core products, Wanhua Mingyu's segmented materials also demonstrate strong competitiveness.

POE (Polyolefin Elastomer): Plays a key role in the fields of polymer modification, shoe materials, films, cables, compatibilizers, etc., effectively enhancing the flexibility and compatibility of materials, aiding downstream products in achieving lightweight and high-performance quality upgrades.

XLPE (cross-linked polyethylene): produced using a fully automated closed extrusion pelletizing system combined with a mature post-absorption process. As insulation material for cross-linked polyethylene power cables, it features high voltage resistance, aging resistance, and strong insulation properties, ensuring safe and stable operation in the power transmission field.

PC (polycarbonate), as a thermoplastic engineering plastic with excellent comprehensive performance, is widely used in automotive parts, electronic and electrical housings, medical devices, optical lenses, high-end consumer products, and other fields due to its outstanding impact resistance, heat resistance, flame retardancy, and dimensional stability. It has become an indispensable key material in high-end manufacturing industries.

Multi-dimensional efforts to seize market opportunities

Relying on the strong R&D platform and technical accumulation of Wanhua Chemical, Nantong Wanhua Mingyu has adhered to technology-driven principles for many years, continuously advancing material modification, process optimization, and application innovation. It actively responds to the national "dual carbon" goals, promotes the development of green material applications, and assists downstream industries in achieving environmental transformation.

With solid product quality, continuous technological innovation, and excellent service, Nantong Wanhua Mingyu's market performance has become increasingly impressive. Today, the company's products not only enjoy a good reputation in the domestic market but are also exported to overseas markets. It has now established a stable supply chain system in industries such as home living, sports and leisure, and automotive transportation.

Join Hands and Advance Together Toward World-Class Excellence

Standing at the forefront of the new materials industry development, Nantong Wanhua Mingyu will continue to uphold the philosophy of achieving excellence through innovation, adhering to the principles of innovation, efficiency, and environmental protection. The company will strengthen its investment in the management of green materials, further deepen its collaborative partnership with Wanhua Chemical, expand its global market presence, and work hand in hand with upstream and downstream partners. Together, they aim to drive technological progress and green development in the chemical new materials industry, contributing "China's New Material Power" to global sustainable development.

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