Great Market Potential of China automotive PIM products

In recent years,china automotive industry has been keeping enhancing, in the mean time,there is lack of

huge demand of quantity and good added value.

China automotive PIM market potential is going to be the growth of a blowout type.

According to statistics, consumption of automotive PIM products is in the majority of total

consumption of PIM products.it is 90% in America,it is 80% in Europe,while it doesn’t reach 40% in

China,application amount of PIM product is 14kg for each car in the Europe,16kg in Japan,,more than

19.5kg in America,while it is 5kg in China.If china produce 5 million of cars annually,we would consume

25 thousand of tons of iron powders. And if our application amount could reach European standard,plus

the amount of renewing old cars,we will consume 100 thousand of tons of iron powders.