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China’s precision forging industry continues to grow (marketing department of Shanghai HY Industry Co., Ltd)
precision forging scale continues to grow in china, domestic production to replace imported high-end products has a broad space
As the foundation and pillar of the equipment manufacturing industry, the scale of China’s forging industry has steadily ranked first in the world, driven by national policy support and market development. At the same time, with the continuous breakthrough and innovation of outstanding enterprises in the industry, China’s forging technology, especially high-end forging technology, has also performed well in recent years.
In recent years, under the guidance of a series of national encouragement policies, the forging industry has insisted on the combination of foreign introduction and independent innovation in research and development, forming a number of high-end forging products with independent intellectual property rights. The steady improvement of the overall technical level of the forging industry has strongly promoted the development of China’s forging industry in the direction of high-end. According to the China Forging and Press Association, the total output of China’s forging industry will be 13.492 million tons in 2020, up 12.58% year-on-year from 11.984 million tons in 2019, with a CAGR of 5.08% from 2012 to 2020.
China’s forging output has been on an overall upward trend since 2012
According to the National Bureau of Statistics of China, the output value of China’s forging industry will be 133.545 billion yuan in 2021, an increase of 4.205 billion yuan from 129.34 billion yuan in 2020. since 2016, the output value of the forging industry has increased by a total of 29.008 billion yuan, with a CAGR of 5.02% from 2016 to 2021.
The overall output value of China’s forging industry has been on an upward trend in recent years
Chinese forging enterprises are gradually making breakthroughs in precision and integral machining processes, and material applications are becoming more and more widespread for titanium alloys and high-temperature alloys in aviation forgings. China’s precision forging technology is still relatively low in the overall proportion of forming production, the accuracy of formed parts on average 1 to 2 levels lower than developed countries, Chinese enterprises initially mastered the ability of precision forming, while numerical simulation technology is expected to ring forgings from the traditional forming accuracy to further enhance the penetration rate of precision forgings is expected to gradually increase.
In addition, the weight of forgings produced by the Chinese process is on average 10%-20% heavier than abroad, and the material utilization rate of large forgings is generally only 10%-15%, and the stability of isothermal forging process can significantly improve the material utilization rate. In terms of large-scale, with the introduction of large forging equipment, the overall near-net forming technology of some large complex shaped ring parts has reached the international advanced level of the same kind, large forgings can reduce the weight of the forging structure, reduce manufacturing costs and shorten the manufacturing process.
Shanghai HY Industry Co., Ltdhas international first-class material production equipment such as high temperature alloy isothermal forging production line, CONSARC vacuum melting furnace, VAR vacuum arc remelting furnace etc., with strong professional ability and highly responsible management team. If you have superalloy material inquiry, please contact us without hesitation. Shanghai HY Industry Co., Ltd will provide you with sincere and thoughtful service.
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