Insulation material industry has great potential, Tungsu Technology may benefit from it

In recent years, China's GDP has maintained an annual growth rate of more than 9%. With the rapid development of China's economy, electric power, electronics, electric power, transmission and transformation, locomotives, and aerospace industries will continue to maintain a good sustained growth for a long period of time. The growth of the national economy will continue to be a continuous and rapid progress in insulating materials. Development provides opportunities to effectively stimulate the growth of demand for insulating materials.

At present, China's per capita electricity consumption level is about 3,000 kWh/year, which is still far behind the developed countries (US 14,000 kWh/year; Japan 8,000 kWh/year). With the rapid growth of the national economy, the country’s electricity demand has grown rapidly, and the tension between electricity supply has become increasingly prominent. In recent years, China’s power generation, power transmission and transformation and other industries have developed rapidly. At the same time, in recent years, the State has adopted a series of incentive measures in the areas of new energy development, smart grid construction, high-speed railways, energy-saving motors and household appliances, which have enabled the industries of power, electronics, electrical machinery, power transmission and transformation, and household appliances to grow and develop rapidly. For insulation materials in the traditional market and emerging markets has brought a huge market demand.

Market participants generally believe that as the largest manufacturer of insulation materials industry, TSMC will surely benefit from the development of this industry.