China Aged Care Industry & Rare Earth Industry 2012-2015 New Market Research Report Available At Researchmoz

Researchmoz.us include new market research report "China Aged Care Industry Report, 2012 - 2015 & China Rare Earth Industry Report, 2012 - 2015 " to its huge collection of research reports.

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China Aged Care Industry & Rare Earth Industry 2012-2015 New Market Research Report Available At Researchmoz

Albany, NY (PRWEB) April 22, 2013

Researchmoz.us include new market research report "China Aged Care Industry Report, 2012 - 2015 & China Rare Earth Industry Report, 2012 - 2015 " to its huge collection of research reports.

At present, China’s population aging has entered the accelerated phase. In 2012, 194 million people were at or above 60 years old, accounting for 14.3% of the total population. In 2013, the aged population amounts to 202 million, accounting for 14.8%. At the same time, the increasing population of the oldest, childless and disabled elderly as well as those with chronic diseases exacerbates the aging problem.

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In response to the aging problem, China has issued a series of policies to support the aging industry and build the social aged care service system based on homes, communities and institutions. Now, the majority of the regions in China have proposed the “9073” plan (90% of the old people accept home-based care, 7% community-based care and 3% institution-based care). During the “Twelfth Five-Year”, China will erect the aged care service system consisting of centralized services and community- & home-based care.

As of the end of 2011, China had a total of 39,145 aged care institutions with 3.132 million beds, which was far from meeting the domestic demand. Measured by the “9073” aged care system, China faced a shortage of 2.418 million aged care beds in 2011. Meanwhile, the limited number of paramedics can not meet the demand; according to the ratio 3:1, China needs 10 million paramedics at least, but now only less than 1 million paramedics are available.

In recent years, China has allowed social capital to enter the aged care field; meanwhile, the intensified aging embodies huge potentials of the aged care market. Social capital has flown into the aged care real estate industry. For instance, the projects developed by private enterprises such as Shanghai Qinheyuan and Sunset Glow have been put into operation.

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As the world’s major rare earth country, China occupies 50% of the total global rare earth reserves, but also provides about 90% of the global rare earth products every year. In order to protect rare earth resources, it has promulgated a number of policies over the years to limit over-exploitation and export of rare earth, including mining license control, total quantity control, export quotas, special invoice system, etc., whose implementation has caused supply decrease and price increase as far as Chinese rare earth products are concerned.

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In China, rare earth consumption can be divided into traditional field and new material field, of which, the former covers metallurgy / machinery, petroleum / chemicals, glass / ceramics, agriculture / light industry / textile, etc., and the latter mainly refers to permanent magnet materials, luminescent materials, polishing materials and hydrogen storage materials.

In recent years, driven by downstream demand, the new material field has witnessed rising consumption of rare earth. It is expected that in 2015, the demand for rare earth from new materials will account for 79.8% of the total, of which, magnetic materials will show the largest of 61.3%.

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As China’s largest manufacturer of magnetic materials especially NdFeB, Beijing Zhong Ke San Huan Hi-Tech Co., Ltd. has an annual capacity of about 14,000 tons of sintered NdFeB (ranking first domestically) and 1,500 tons of bonded NdFeB.

Its NdFeB products are primarily applied in automotive, VCM, energy-saving motors, wind power and other industries, of which, demand from the automotive industry occupies approximately 40% of the total revenue. In 2012 thanks to the substantial growth in automotive EPS demand, the company’s performance experienced growth against the overall industry malaise.

Jiangmen KanHoo Industry Co., Ltd is China’s largest rare earth luminescent materials producer, with an annual capacity of about 1,500 tons of rare earth phosphor powder, 97% of which for energy-saving lamp use. In 2012 due to the price fluctuations in raw materials, the company’s product prices were reduced, sales volume fell, and performance showed a substantial decline, of which, revenue and operating income dropped by 51.56% and 79.87% YoY, respectively.

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