Original title: Current status of the aluminum electrolytic capacitor industry in 2022, the penetration rate of continues to increase, and demand for photovoltaics and data centers continues to drive "Figure"
1. Overview of the aluminum electrolytic capacitor industry
1, industrial status
According to the former Ministry of Information Industry "Electronic Information Industry Industry Classification" of the former Ministry of Information Industry, aluminum electrolytic capacitor manufacturing belongs to the "aluminum electrolytic capacitor" sub-industry of the electronic components and component manufacturing industry in the electronic components and components.
Source: Public information sorting
2, classification status
capacitor is one of the three major passive electronic components and is an indispensable basic electronic component in electronic circuits, accounting for about 40% of all electronic components usage. According to the material, capacitor products can be divided into ceramic capacitor , aluminum electrolytic capacitor, tantalum electrolytic capacitor and film capacitor . In the global capacitor market product structure, aluminum electrolytic capacitors account for 32.4%, while in the Chinese capacitor market, tantalum capacitors account for 30.9%, which is slightly lower than the world's level.
main classification characteristics and applications of capacitors
Source: Public information sorting
Global capacitor market product structure
Source: Capacitor Branch of China Electronic Components Industry Association, compiled by Huajing Industry Research Institute
2. Analysis of the industry chain of aluminum electrolytic capacitors
1. Upstream cost side
0 Aluminum electrolytic capacitors upstream aluminum ingot mainly comes from two ways. One is the traditional electrolytic aluminum industry, and the other is the emerging recycled aluminum industry. With the continuous stricter domestic environmental protection policies and the steady expansion of downstream industries, my country's electrolytic aluminum production reached 38.503 million tons, an increase of 3.8% year-on-year in 2020.
2016-2021 China's electrolytic aluminum production and growth rate
Source: National Bureau of Statistics, compiled by Huajing Industry Research Institute
Electronic aluminum foil As an important raw material for aluminum electrolytic capacitors, with the rapid development of new energy, 5G and other industries in recent years, it has promoted the continuous growth of demand for electronic aluminum foil and promoted the development of my country's electronic aluminum foil industry. According to data, my country's electronic aluminum foil production in 2021 was 110,000 tons, and increased by 10% year-on-year.
Changes in electronic aluminum foil production from 2019 to 2021
Source: China Nonferrous Metal Processing Industry Association, compiled by Huajing Industry Research Institute
2, downstream application terminal
From the perspective of downstream applications, consumer electronics is the largest application market for aluminum electrolytic capacitors, accounting for about 45%. With the acceleration of the update speed of consumer electronic products , the demand for capacitors continues to expand. The second is used in the industrial field, including lighting, industrial control, frequency conversion , etc. At the same time, because new energy needs to convert frequency to transport power to the power grid, aluminum electrolytic capacitors are also widely used in wind power and photovoltaics. In the field of communications, under the background of rapid growth of 5G base stations, the demand for single-base station aluminum electrolytic capacitors has increased significantly.
The proportion of downstream application structure of global aluminum electrolytic capacitors
Source: Public information compilation
3. Current status of global aluminum electrolytic capacitors
1, market size
In terms of the global aluminum electrolytic capacitor market size, downstream consumer electronics and emerging electronics demand has driven the global aluminum electrolytic capacitor market size. Data shows that the global aluminum electrolytic capacitor market size in 2020 was US$6.27 billion, an increase of 0.97% year-on-year, with an average annual compound growth rate of 0.05%.It is estimated that the market size will reach US$6.33 billion in 2021
Global aluminum electrolytic capacitor market size and forecast from 2018 to 2021
Source: China Electronic Components Association, compiled by Huajing Industry Research Institute
2, demand
With the continuous development of the global overall semiconductor field, the demand for aluminum electrolytic capacitors continues to grow, reaching 132 billion in 2020, an increase of 3.1% year-on-year compared with 2019. It is estimated that the global demand for aluminum electrolytic capacitors will be approximately 151 billion in 2021, an increase of 14.7% year-on-year, and will reach 173 billion by 2025.
Global demand and forecast of aluminum electrolytic capacitors from 2018 to 2021
Source: Information Center of China Electronic Components Association, compiled by Huajing Industry Research Institute
IV. Current market status of China's aluminum electrolytic capacitors
1, market size
As for the changes in the scale of the domestic aluminum electrolytic capacitor industry, the continued growth of consumer electronics and industrial demand has driven the steady growth of the aluminum electrolytic market. The overall prosperity of consumer electronics in 2019 was relatively low, and the growth rate of the aluminum electrolytic capacitor market size decreased, and rebounded in 2020. Judging from the explosion of overall consumer electronic demand in 2021, it is expected that the domestic overall aluminum electrolytic capacitor market size is expected to exceed 35 billion yuan in 2021.
2017-2020 China's aluminum electrolytic capacitor market size and growth rate
Source: Public information sorting
2, sales volume
In terms of aluminum electrolytic sales, my country is one of the largest producers of aluminum electrolytic capacitors in the world, with about 30% of sales used for exports. Data shows that downstream demand has driven the rapid expansion of my country's aluminum electrolytic capacitor sales, increasing by 8.5% year-on-year in 2020 to 96 billion.
2019-2020 China's aluminum electrolytic capacitor sales changes
Source: Public information sorting
3, import and export
Changes in import and export of aluminum electrolytic capacitors in my country Dynamically, as the domestic overall aluminum electrolytic capacitor process level continues to improve, the overall aluminum electrolytic capacitor import volume is showing a downward trend, and export demand is greatly affected by overall global demand, basically stable between 30-45 billion. Data shows that my country's import and export volume of aluminum electrolytic capacitors in 2021 was 24.38 billion and 40.057 billion, respectively, and from January to August 2022, the import and export volume of aluminum electrolytic capacitors was 10.369 billion and 32.176 billion, respectively.
2017-August 2022 Changes in the import and export quantity of aluminum electrolytic capacitors in China
Source: General Administration of Customs, compiled by Huajing Industry Research Institute
5. Competitive pattern of aluminum electrolytic capacitors
1, competitive pattern
In terms of the competitive landscape, Japan, China, Malaysia , Indonesia , and South Korea are the main producers of aluminum electrolytic capacitors in the world. In 2020, four of the world's five largest aluminum electrolytic capacitor manufacturers are Japanese manufacturers, namely: Chemi-con, Nichicon, Rubycon and Panasonic. The major domestic manufacturers include Aihua Group, Jianghai Co., Ltd. , Emerald, Fengbin Electronics, Dongyangguang , etc.
2 global aluminum electrolytic capacitor market structure in 2020
Source: Public information compilation
2, Aihua Group
Aihua Group is the largest enterprise in China's aluminum electrolytic capacitors, and the leading consumer aluminum electrolytic capacitors, and its products include aluminum electrolytic capacitors, upstream corrosion foil, and chemical foil. According to the data from the communiqué, Aihua Group's aluminum electrolytic capacitor production and sales have increased simultaneously since 2017. As of 2021, it has increased to 12.475 billion and 12.089 billion. In 2021, the production capacity of aluminum electrolytic capacitors exceeded 15 billion, and production orders showed a strong growth trend compared with 2020. In 2022H1, Aihua Group achieved revenue of 1.78 billion yuan, a year-on-year increase of 17.55%; net profit attributable to shareholders was 238 million yuan, a year-on-year increase of 2.50%.Jianghai Co., Ltd. has started producing aluminum electrolytic capacitors since 1970. The operating income of the aluminum electrolytic capacitor business in 2021 was 2.847 billion yuan, accounting for about 80.2% of the total revenue.
2017-2021 Aihua Group's aluminum electrolytic capacitor production and sales changes
Source: Enterprise Bulletin, compiled by Huajing Industry Research Institute
6. Development trend of aluminum electrolytic capacitors
1. The penetration rate continues to increase
After decades of continuous improvement and hard work, the domestic capacitor manufacturing industry has made breakthrough development in these years. The continued localization of major core raw materials and production equipment has further highlighted the advantages of domestic enterprises, and the penetration rate of domestic aluminum electrolytic capacitors has seen a rapid growth.
2, downstream demand continues to promote
With the layout of the national new infrastructure and new energy development strategy, downstream industries have ushered in the rapid development of photovoltaic inverter , 5G base station equipment, data center construction and other markets. The aluminum electrolytic capacitor industry will benefit from the development opportunities of emerging markets, attracting continued growth in demand in the fields of vehicle-mounted, industrial control, lighting, charging, etc., and the industry will develop and expand.
Original title: The current status of China's aluminum electrolytic capacitor industry in 2022, the penetration rate continues to increase, and the demand for photovoltaics and data centers continues to drive "Figure"
Huajing Industry Research Institute conducted an in-depth analysis of the development status of China's aluminum electrolytic capacitor industry, the upstream and downstream industrial chains, competitive landscape and key enterprises, to minimize corporate investment risks and operating costs and improve corporate competitiveness; and use a variety of data analysis technologies to predict the industry's development trends so that enterprises can seize the market initiative in a timely manner; for more detailed content, please pay attention to the "2023-2028 China Aluminum Electrolytic Capacitor Industry Market In-depth Research and Investment Prospects Outlook Report" published by Huajing Industry Research Institute.
