Quzhou in Zhejiang province has marked a significant milestone with its new materials industry becoming the city's first to surpass a production value of 100 billion yuan ($14.36 billion).

According to the Quzhou municipal bureau of economy and information technology, the city's six key industrial chains reached a total output value of 229.4 billion yuan in 2025, with the new materials sector alone contributing 106.1 billion yuan.

In August 2021, the Quzhou municipal government initiated enhancement projects for six major industrial sectors: new materials, new energy, integrated circuits, high-end equipment, life sciences, and specialty paper.

By December 2022, a comprehensive strategy was launched to integrate industrial, innovation, financial, talent, and service chains, driving the city's development. Among these, the new materials industry has shown exceptional growth.

TopOlefin Technology (Quzhou). [Photo/WeChat account: quzhoufb]

Leading enterprises such as Juhua Group, Quzhou Huayou Cobalt New Material, Zhongtian East Fluorine Silicon Material, Zhejiang Jinhua New Material, and TopOlefin Technology (Quzhou) have collectively contributed to the exceptional growth of Quzhou's new materials industry.

Quzhou's achievements in the new materials sector signify greater industry appeal, stronger integration, and a more complete industrial ecosystem, aligning with modern industrial cluster development.

Quzhou's new materials industry traces its roots back to Juhua Group's chemical industry, founded in 1958. Initially focused on basic chemical products, the industry has evolved to include high-end fluorosilicon materials, electronic chemicals, next-generation battery materials, and advanced functional materials, significantly boosting its core competitiveness.