Group 1: Industry Overview - The automotive sector is the largest demand area for powder metallurgy products, with an estimated market space of nearly 8 billion yuan in 2024 [2] - The aerospace sector in China is experiencing explosive growth, driven by increasing commercial aircraft deliveries and steady progress in spacecraft launches, which boosts the demand for powder metallurgy products [4][6] Group 2: Market Demand in Aerospace - High-temperature alloy materials produced through powder metallurgy are essential for critical components in aerospace engines, such as turbine discs and compressor discs, due to their excellent high-temperature performance [6] - There is a growing demand for lightweight, high-strength materials in aerospace, with powder metallurgy capable of producing aluminum and titanium alloys that meet these requirements [6] - Porous and permeable powder metallurgy materials are suitable for high-temperature parts, maintaining stable performance under extreme conditions [6] - Powder metallurgy brake pads are widely used in aerospace due to their high strength, wear resistance, and reliable braking performance under high loads and temperatures [6] Group 3: Global Market Landscape - GKN Group is identified as the leading company in the global powder metallurgy market, with significant historical data and technological reserves [7] - Other notable companies include Sumitomo Electric, Bohai Metal, and Sandvik, which are positioned in the first tier of the market, while domestic firms like Dongmu Co. and Antai Technology are in the second tier [7] - The global powder metallurgy market is projected to reach approximately 25.1 billion USD in 2024, with automotive applications being a major growth driver [10][11]