In 2008, the powder metallurgy industry began its work with full hope, but it weakened in the second half of the year, especially in the last quarter, mainly due to the sharp decline in automobile production in November and December. In 2008, iron powder output reached 327,272 short tons, down 19% from the previous year. Copper and copper-based powder shipments reached 17,400 short tons, down 13%. The freight volume of stainless steel powder reached 7750 short tons, down about 20%.
Due to the continuous decline in automobile production, the production of metal powder in the first half of 2009 has further declined.
According to the estimated global market of 77 million vehicles, the global powder metallurgy parts for light vehicles will increase from 590,000 tons to 90,000 tons by 2015. Possible new applications include diesel engine linkages, electric traction devices for hybrid vehicles and electric motor gears.
Renewable “green†energy, especially wind turbines and solar panels, offers opportunities for traditional powder metallurgy, metal injection molding and nanotechnology. Powder metallurgy is a sustainable final manufacturing process that has long been seen as a green technology that reduces energy consumption and recyclability.
Rapid prototyping and rapid manufacturing also provide opportunities for powder metallurgy. Although the powder metallurgy industry faces many challenges, it is still an important material technology and manufacturing process.
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