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Inner Mongolia Sunruns New Material

MaterialsTongliao, Inner Mongolia, ChinaFounded 2017· One of 955 Materials companies tracked by AMPulse

China's largest aluminum powder and pigment producer (domestic #1 market share), expanding into gas-atomized alloy powders for additive manufacturing (SLM/DMLS/LPBF), including AlSi10Mg, AlMgSc, and custom alloys serving aerospace, defense, automotive, and medical 3D printing applications.

CEO / Founder
Zhu Shuangdan (朱双单)
Team Size
1001-5000
Stage
Active
Total Funding
$10.1M
Latest Round
Private Equity
Key Investors
Zhu Shuangdan; Xu Qiuhong; Shanghai Zhanyuan

Technology & Products

Key Products

gas-atomized AM alloy powders (AlSi10Mg, AlMgSc, custom alloys), aluminum pigments, micro-spherical aluminum powder, carbon black, lithium-ion battery anode materials, solid-state battery anode materials

Technological Advantage

CLAIMED: High sphericity, excellent flowability, low oxygen content, and low hollow powder rate for AM alloy powders; cost leadership from vertical integration and massive scale. VERIFIED: Domestic #1 market share in aluminum powder and pigments (multiple years); ¥1.108B revenue (2024) confirms industrial scale; 67 invention patents provide defensible IP; National standards participation validates technical credibility; NEEQ listing (874421) and BSE IPO application (sponsor: Yangtze River Securities) confirm institutional investor confidence. The AM powder line is relatively new and not yet independently validated at scale — the competitive moat is primarily in the underlying aluminum powder manufacturing infrastructure and atomization expertise, which is DEFENSIBLE given 20+ years of process optimization and patent protection.

Differentiation

Value Proposition

Leverages 20+ years of aluminum powder manufacturing dominance (domestic #1 market share, 35,000 tonnes/year micro-spherical aluminum powder capacity) to produce gas-atomized AM alloy powders with high sphericity, excellent flowability, low oxygen content, and low hollow powder rate. Vertical integration from raw aluminum to finished AM-grade powder enables 30-50% cost advantage over Western suppliers for equivalent-spec AlSi10Mg and AlMgSc powders. Over 1,100 employees and 100+ R&D staff support 24-hour delivery and custom alloy development with 67 invention patents backing process know-how.

How They Differentiate

Focuses on high-volume atomized powder production across multiple specialized regional bases in China.

Market & Competition

Target Customers

Manufacturers in coatings, inks, automotive, and aerospace sectors.

Industry Verticals

Coatings; Inks; Aerospace; Automotive; Explosives

Competitors

Falcontech; Avimetal Powder Metallurgy; Tangshan Weihao Magnesium Powder

Growth & Milestones

Growth Metrics

Fourth production phase in Inner Mongolia began operations in 2025; 5 regional manufacturing facilities established since 2002.

Major Milestones

2002: Company founded; 2013: Second phase of Tongling production base completed; 2014: Lu'an production base commenced operations; 2019: First phase of Inner Mongolia production base commenced; 2025: Fourth phase of Inner Mongolia production base began operations

Notable Customers

PPG; Axalta; BASF; AkzoNobel; Nippon Paint; Kansai Paint; Sherwin-Williams; Xiangjiang Paint; DKSH; Inner Mongolia Lingsheng Crop Technology Co., Ltd.; Shandong Luoqi Aluminum Industry Co., Ltd.; Honghu Yitai Technology Co., Ltd.; Yinjian Group

https://www.xuyangchem.com

Why this company matters

Inner Mongolia Sunrise New Materials Co., Ltd. is China's largest aluminum powder and pigment producer by domestic market share, a position built on 35,000 tonnes per year of micro-spherical aluminum powder capacity across five regional facilities. The company is extending its atomization expertise into additive manufacturing, producing gas-atomized alloy powders for LPBF and DED processes, including AlSi10Mg, AlMgSc, and custom alloys targeting aerospace, defense, automotive, and medical applications.

The core technology is gas atomization, refined over two decades of aluminum pigment manufacturing. The company claims high sphericity, excellent flowability, low oxygen content, and a low hollow powder rate for its AM-grade powders. Vertical integration from raw aluminum to finished powder enables a 30-50% cost advantage versus Western suppliers for equivalent-spec materials. With over 1,100 employees and 100-plus R&D staff, the company holds 67 invention patents covering aluminum powder production and participates in national standards development, lending technical credibility to its process know-how.

Current customers are primarily in coatings and inks — PPG, Axalta, BASF, AkzoNobel, Sherwin-Williams, and Nippon Paint among them — but the AM powder line is relatively new and not yet independently validated at scale. The company's competitive moat rests on its underlying aluminum powder infrastructure and atomization expertise, which is defensible given the years of process optimization and patent protection. Key risks include the need to build a separate customer base in AM and compete with established metal powder specialists such as Falcontech and Avimetal Powder Metallurgy.

The company is listed on the NEEQ exchange (ticker 874421) and has filed a BSE IPO application sponsored by Yangtze River Securities. It exhibited at Formnext 2025 and TCT Asia 2025/2026, signaling intent to grow international AM market presence. The fourth production phase in Inner Mongolia began operations in 2025, adding further capacity for both legacy pigment and emerging AM powder lines.