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Trends in demand for metallurgical powder in the automotive industry
Oct 17, 2018

In recent years, the powder metallurgy industry has been developing rapidly, especially the automobile industry, machinery manufacturing, metal industry, aerospace industry, instrument and meter, hardware tools, engineering machinery, electronic appliances and high-tech industry, which has brought great development opportunities to the powder metallurgy industry.At present, powder metallurgy products are mainly used in automobile, household appliances, electric tools, motorcycle, agricultural machinery and engineering machinery industries, etc. The development of downstream industry will drive the development of upstream industry, and the capacity of the whole industry is constantly expanding.The capacity of car powder metallurgy in China is low and the room for improvement is huge.Domestic powder metallurgy industry scale has risen steadily, according to foresight industry institute released "2018-2023 China powder metallurgy manufacturing industry transformation and upgrading of production and marketing demand forecasting and analysis report, according to data of powder metallurgy industry in China from 2012 to 2016 the size of the market continue to rise, from 5.42 billion yuan in 2012, growth in 2016 to 6.46 billion yuan, the compound growth rate of 6.03%.The forward-looking industrial research institute expects to reach 9.276 billion yuan, 11.328 billion yuan and 13.729 billion yuan in 2018-2020, with an average annual compound growth rate of 20.78%.The automobile market is the main driving force, and the market space between 2018 and 2020 is expected to be 66.59, 86.09 and 10.899 billion yuan, with an average annual compound growth rate of 28.41%.Industry research institute pointed out that China's powder metallurgy market space is vast.On the one hand, the automobile industry is the largest market of China's powder metallurgical parts industry. Although its share of the powder metallurgical parts market has increased from 32.0% in 2005 to 60.0% in 2017, it is still far lower than the proportion of 90% in developed countries, with great room for improvement.On the other hand, with the promulgation of "made in China 2025", China's existing powder metallurgy production technology, scale and foreign developed countries are still quite far from each other. However, China's regional advantages of raw material supply serve as the foundation for the improvement of industrial competitiveness, benefiting a series of domestic powder metallurgy manufacturers

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