China's Powder Metallurgy Manufacturing Industry Status:Size to Reach 18.28 Billion by 2023 - Automotive Sector Driving Demand Recovery

I. Overview

Powder metallurgy process is a near-net molding process, can meet the requirements of different levels of mechanical properties. Powder metallurgy is the production of metal powder, and the use of molding and sintering process will be metal powder or metal powder and non-metallic powder mixture made of materials and products technology. Existing powder manufacturing processes include water atomization, gas atomization, carbonyl method, mechanical crushing method, vacuum sputtering method and electrolysis method and other methods. Among them, electrolysis, reduction method, carbonyl method is mostly used in the production of dry monomaterial metal powder. In the production of alloy powder, the alloy powder produced by atomization method is most widely used for its high corrosion resistance and high stability.

Source: China MIM Manufacturing Industry Development Status Analysis and Investment Forecast Report (2023-2030)

In terms of industrial chain, the raw materials of powder metallurgy manufacturing industry mainly include carbonyl iron powder, atomized alloy powder and other metal powders, which are then used as raw materials for the production of electronic components, 3C precision parts and other devices, and finally applied to new energy vehicles, electronics, medicine and food and other downstream areas.

Source:China Powder Metallurgy Manufacturing Industry Development Status Analysis and Investment Forecast Report (2023-2030)

Second, the upstream market analysis

1、iron Base powder

According to the "China Powder Metallurgy Manufacturing Industry Development Status Analysis and Investment Prospect Forecast Report (2023-2030)" released by GuanReport.com, in recent years, the supply of China's carbonyl iron powder industry has seen a structural expansion, and the sales volume has risen steadily. According to the data, in 2020, China's carbonyl iron powder industry production reached 11,850 tons, an increase of 15.6% year-on-year, sales totaled 11,002 tons, an increase of 8.3% year-on-year; at the same time, with the strong recovery of the automotive market after the outbreak, the carbonyl iron powder industry production and sales in 2021 are expected to exceed 12,000 tons.

Source:China Powder Metallurgy Manufacturing Industry Development Status Analysis and Investment Prospect Forecast Report(2023-2030)

2, atomized alloy powder

Atomized alloy powder is the most widely used metal powder, mainly gas atomization, water atomization, etc. With the recovery of the automotive market, iron powder sales growth, atomized alloy powder production and sales continue to rise. According to the data, in 2020, China's atomized alloy powder industry sales of 280,000 tons, an increase of 8.3% year-on-year, it is expected that in 2021 will be expected to approach 300,000 tons.

Data source:China Powder Metallurgy Manufacturing Industry Development Status Analysis and Investment Prospect Forecast Report (2023-2030)

Third, midstream market analysis

With the use of powder metallurgy in 5G communications, new energy and other emerging fields, China's powder metallurgy industry market size is expected to maintain a 5.0% CAGR. CAGR, and will reach 18.28 billion yuan in 2023.

Source:China Powder Metallurgy Manufacturing Industry Development Status Analysis and Investment Forecast Report (2023-2030)

Fourth, downstream market analysis

Powder metallurgy is the key to solving the new material, which is applied in the fields of automobile, home appliances, consumer electronics, home appliances, medical devices and so on. Use, especially in the automotive field, there are nearly 90% of precision parts are produced by powder metallurgy process.

1、Automotive field

In the epidemic affected supply chain full recovery, purchase tax incentives and other policies to promote consumption under the continued strength of China's auto consumption is still tough, the market performance is good. Tough, market performance is good. According to the data, from January to August 2022, China's automobile production and sales were completed 16.967 million and

16.967 million and 16.860 million respectively in January-August 2022, representing year-on-year growth of 4.8% and 1.7%, the first time since the second quarter to realize double growth in production and sales.

Source:China Powder Metallurgy Manufacturing Industry Development Status Analysis and Investment Prospect Forecast Report (2023-2030)

2、Home appliance field

In recent years, China's home appliance industry has accelerated with the steady progress of domestic economic development, the continuous release of residents' consumption capacity and potential, and the integration of digitalization and other emerging technologies. According to data from the Ministry of Industry and Information Technology, in 2021, the operating income of enterprises above the scale of China's home appliance industry was 1.7 trillion yuan and the total profit was 121.9 billion yuan, representing a year-on-year growth of 15.5% and 4.5%, respectively, with the output of refrigerators, air conditioners, washing machines and other major products accounting for more than 50% of the global share. Into 2022, as of the first half of the year, China's home appliances (categories involving color TV, white goods, kitchen and bathroom, small home appliances products) domestic market size of 360.9 billion yuan, down 11.2% year-on-year; exports, according to data from the General Administration of Customs, China's home appliance exports in the first half of the year totaled 283.3 billion yuan, a year-on-year decline of 8.2%.

However, in July 2022, the Ministry of Commerce and other 13 departments issued the Notice on Several Measures to Promote the Consumption of Green and Intelligent Home Appliances, which

It put forward 9 policy measures to promote the consumption of green and smart home appliances, mainly covering the development of national home appliance trade-in activities, promoting green and smart home appliances to the countryside, strengthening the whole chain of service guarantee, and consolidating infrastructure support. Therefore, with the second half of the country on the replacement of old and new appliances and home appliances to the countryside of the fine introduced one after another, China's home appliance industry consumption will be expected to heat up.