In the first half of 2018, the Metal Powder Division achieved rapid growth through process innovation, product innovation, and scientific management, and the development momentum was good.
While ensuring the consistency of mature product quality, the business unit has sorted out the process flow and achieved new breakthroughs in cost-effectiveness. In terms of new product development and promotion, PM stainless steel powder, flux cored nickel powder, and HWF series products are all mass-produced. Currently, they are being promoted and used. The market feedback is good, and the monthly sales volume is over 20 tons. Focusing on research and development, the project has developed a pre-alloy powder development project for the next generation of diamond tools. It has completed experiments on technical routes and process standards, and developed the SF series of new pre-alloyed powders. The marketing effect is good, and it has been highly recognized by customers. Has reached more than 8 tons.
In 2018, the market for pre-alloyed powder for diamond tools maintained steady growth. The production and sales of the Yellow River Cyclone Metal Powder Manufacturing Division continued to grow rapidly, further strengthening the position of the market leader in pre-alloyed powder for diamond tools. For a long time, the pre-alloyed powder for diamond tools faces the problems of poor formability and unsatisfactory product sharpness. The division has overcome the two key problems of the pre-alloy powder industry by developing pre-alloyed powder for the next-generation diamond tool. The manufacture and use performance of the products have been greatly improved. The new pre-alloyed powder of SF series has been promoted and used in Hebei, Shandong, Ezhou and Jiangsu, and has been highly recognized by customers.
From the perspective of industry development, the metal powder market has broad prospects. It is well known that powder metallurgy is a process technology for producing metal materials, composite materials, and various types of articles by forming metal powders or using metal powders as raw materials. The advanced manufacturing technology of energy saving, material saving, high efficiency, final forming and less pollution has an irreplaceable position and role in the material and parts manufacturing industry, and has entered the forefront of the development of contemporary materials science. Metal powders produced by powder metallurgy and products made from metal powders are the basic materials for the production of a variety of new industrial materials. It has become a key new material for solving many industrial problems, and is developing in the field of engineering systems. It plays a key role, especially in the automotive, machinery and aerospace industries.
In recent years, powder metallurgical production in Asian countries has grown steadily. According to the Japan Powder Metallurgy Association, the output of iron-based powder metallurgy products in major Asian countries and regions in 2016 was: 156,525 tons in mainland China, 88,145 tons in Japan, 640,86 tons in South Korea, 30,000 tons in Taiwan, and 30,000 tons in India. The total output of powder metallurgy products was 396,637 tons; the output of copper-based powder metallurgy products in major Asian countries and regions in 2016 was: 12,669 tons in mainland China, 3,121 tons in Japan, 633 tons in South Korea, 2,000 tons in Taiwan, 6,000 tons in India, and copper in 2016. The total output of powder metallurgy products is 25053 tons.
The relevant departments of the US market research company said that the global powder metallurgy market will reach 32.5 billion US dollars in 2019, and the annual average growth rate of the global powder metallurgy market will reach 14.8% from 2015 to 2019. The shipment of metal powder is growing rapidly, and the average annual growth rate of global metal powder shipments will reach 7.5% from 2015 to 2019. Despite this, the report released by the US market research company believes that the global market for metal powders is still small. In the near future, as new application fields are developed and put into commercial operation, the global market for metal powders will be annual. The average increase of nearly 13%.
Faced with broad market prospects, the Metal Powder Manufacturing Division will further increase R&D investment, strengthen product research and development, and expand production scale to meet strong market demand.
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