Powder metallurgy industry status and development trend
Release time:
2022-11-02
Source:
In recent years, through the continuous introduction of foreign advanced technology and the combination of independent development and innovation, China's powder metallurgy industry and technology have shown a rapid development trend, is one of the fastest growing segments of China's general machinery parts industry.
In recent years, through the continuous introduction of foreign advanced technology and the combination of independent development and innovation, China's powder metallurgy industry and technology have shown a rapid development trend, is one of the fastest growing segments of China's general machinery parts industry.
Powder metallurgy will greatly enrich the application range of powder metallurgy parts, can provide traditional parts manufacturing, including powder metallurgy products, including more abundant process route choices, will greatly promote the development of powder metallurgy parts market.
With the continuous improvement of domestic powder metallurgy technology, under the cost advantage of material saving and low consumption of powder metallurgy products, automobile oems will choose lower cost and lighter weight powder metallurgy products to replace forgings, castings and machined parts. Therefore, in the future, the amount of powder metallurgy products for automobile bicycles in China will be significantly increased, and gradually develop to the level of powder metallurgy consumption for bicycles in developed countries such as Europe and the United States.
From the perspective of the powder metallurgy industry chain, the upstream participants are iron powder and copper powder raw material suppliers, the middle reaches of the industry chain are powder metallurgy parts manufacturers, and the downstream application fields of the industry chain are transportation machinery (automobiles, motorcycles), electrical machinery (home appliances, power tools), industrial machinery (agricultural machinery) and other (construction machinery, other) industries.
Powder metallurgy is known as the key to solving new materials, currently in the automotive, home appliances, digital electronics, home appliances, hardware tools, medical equipment, communication fields have a large number of applications, especially in the automotive field, has been close to 90% of the precision parts are produced by powder metallurgy process.
According to the statistics of 34 member units of the Powder Metallurgy Branch of the China Machinery General Parts Industry Association, the output of iron based machinery parts in China in 2020 is 164,600 tons, and the output of copper based machinery parts is 11,300 tons, and the total output of the two is 175,900 tons.
Statistics from the Powder Metallurgy Association of China Machinery Association show that according to sales revenue, the market size of China's powder metallurgy industry increased from 12.05 billion yuan in 2014 to 14.32 billion yuan in 2018, with a compound annual growth rate of 3.5%, showing a stable growth trend.
In the next five years, with the use of powder metallurgy parts in emerging areas, such as 5G communications, new energy, etc., the market size of China's powder metallurgy industry is expected to maintain a compound annual growth rate of 5.0% and continue to grow steadily, and powder metallurgy will reach 18.28 billion yuan in 2023.
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