The new material industry includes new materials and related products and technical equipment. Compared to traditional materials, it features higher technology contents, more R&D investment, higher added value, more openness, wider application range and better development prospects. As one of Xi'an's eight core and hard technology industries, the new material industry has maintained high-speed growth in recent years. As of 2017, there were 152 new material enterprises above designated size in Xi'an, and the output value of these enterprises was 66.793 billion yuan, up 22.1 percent year-on-year, accounting for 11.75 percent of the total output value of industrial enterprises above designated size.
Settled in Xi'an are a number of new material research institutions and enterprises, represented by Xi'an Bright Laser Technologies Co., Ltd.(BLT), Shaanxi Non-ferrous Metals Holding Group Co., Ltd, Northwest Institute for Nonferrous Metal Research, Western Superconducting Technologies Co., Ltd., Xi'an Tianli Clad Metal Materials Co., Ltd., and Western Titanium Technologies Co., Ltd. As a national new material and industrialization base, Xi'an has 15 state-level new material enterprise technology centers, five state-level new material product quality control and technology evaluation laboratories, and two state-level new material manufacturing and innovation centers. The new material industry will maintain its high-quality development strategy. By 2021, the output value of the new material industry is expected to exceed 150 billion yuan.