A recent report released by the powder metallurgy consultancy MATE has revealed that the Chinese powder metal industry is looking set to continue growing as demand for products increases.

The report claims that the automotive industry, both national and domestic, saw the Chinese industry rack up a total of 18 million sales during the course of 2011, with estimates placing the projected figures for 2012 at 20 million. This would make the Chinese powder metal industry the largest in the field.

MATE also claims that the city of Zhuzhou in the Hunan Province will build China’s largest domestic carbide precision tools industrial park, with the project set to be completed in 2016.