Report on the development trend of powder metallurgy industry
Although the overall growth of the world economy has been sluggish since 2008, with the rapid popularization and improvement of information technologies such as the Internet, the booming electronic product market, and the gradual maturity of MIM manufacturing technology, MIM products have been rapidly promoted and widely used in the field of electronic products. ; The development of medical equipment has also driven the promotion of MIM technology; in addition, the innovative development of components in traditional industries such as automobiles, machinery, and hardware has also effectively promoted the rapid growth of the MIM market. At present, electronics, automobiles, mechanical hardware, medical equipment and other industries are still the four fields with the largest share of global MIM applications. Driven by their demand, the global MIM market exceeded 1 billion US dollars in 2012, and subsequent promotion and application have become more rapid. By 2016, the global MIM market reached USD 2.283 billion, with an average growth rate of 18.2% over the past eight years, a cumulative increase of 127.6% from 2010. In terms of the overall development of MIM, all major economies in the world have shown a trend of rapid growth in the past 7 years, except Japan, which has experienced negative growth or a slight decline. The average growth in North America is 8.7% and the cumulative growth is 52.3%. An increase of 11.9%, a cumulative increase of 71.2%; an average increase of 19.7% in Taiwan, a cumulative increase of 118.1%; an average increase of 49.7% in mainland China, a cumulative increase of 298.5%. It shows that the growth rate of MIM in major economies in recent years has far exceeded the growth rate of traditional manufacturing or GDP.
According to data from the Powder Metallurgy Branch of the China Steel Structure Association: China’s MIM product sales in 2020 will be 7.3 billion yuan, a year-on-year increase of 9.0% from the 6.7 billion yuan in 2019. The main driving force for growth is still in consumer electronics. The high growth of Apple’s iPhone/Mac/iPad/smart wearable products has driven the application of MIM products (such as lens ring holders, hinges, etc.). Other fields such as optical communications, 5G supporting parts and medical equipment also increased significantly.
From the perspective of China’s MIM product downstream application market share in 2020, mobile phones are still the largest downstream market, accounting for 56.3%, but it is down 2.8 percentage points from 2019, and smart wearables account for 11.7%, which is an increase of 3.6 from 2019. Percentage points; the largest decline is in the automotive sector, accounting for 3.5% in 2020, a drop of 6.8 percentage points.
In 2020, MIM materials are still dominated by stainless steel, with a market share of 65%, down 5 percentage points from 2019; low-alloy steel accounted for 23%, cobalt-based alloys accounted for 5%, tungsten-based alloys accounted for 5%, and titanium Alloy accounts for 0.4%, and the others are a small amount of copper and cemented carbide.
Data from the “Analysis Report on China’s MIM Industry Competition Status and Investment Prospects for 2021-2027” released by Zhiyan Consulting shows that the total sales volume of China’s MIM powder will be 12,000 tons in 2020, an increase of 2,000 tons from 10,000 tons in 2019. A year-on-year increase of 20%.
Domestic brands continue to invest in R&D, and their product quality control level and cost-effectiveness have been steadily improved, and their market share has further increased, accounting for about 79%; the products are still dominated by raw material powder MIM enterprise self-made feed (injection material), accounting for about 91% %. At present, there are 300-500 MIM manufacturers in China, most of which are small and medium-sized manufacturers, mainly located in Dongguan, Shenzhen and Kunshan.
