Spark Plasma Sintering Market to Hit 6% CAGR to 2023 – Players Like (FUJI ELECTRONIC, DR. FRITSCH, THERMAL TECHNOLOGY, FCT SYSTEME GMBH, MTI CORPORATION, SIMUWU VACUUM FURNACE, COL-INT TECH (COLOMBIA INTERNATIONAL TECH))

The SPS market is expected to register a CAGR of over 6%, during the forecast period 2018 - 2023. The scope of the market covers the systems by various vendors of the market.

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Key Developments in the Market
• March 2018 - The 13th conference of the FAST / SPS experts for Powder Metallurgy Committee of VDI, DGM, DKG, FPM and Stahlinstitut VDEh took place at the FCT Systeme GmBH. The conference aims to address industrial and scientific issues in the field of SPS. Another significant aim of the meeting was to initiate R&D projects and other joint projects of universities, research institutes, and industry players
• January 2018 - One of the leading producers of 3D materials, Alcoca Corporation has announced the opening of a USD 60 million metal powder production facility in Pittsburgh. The company aims to use the spark plasma sintering technology to produce industrial volumes of aluminum, nickel and titanium powders for 3D printing customers

Major Players:
FUJI ELECTRONIC CO. LTD., DR. FRITSCH, THERMAL TECHNOLOGY LLC, FCT SYSTEME GMBH, MTI CORPORATION, SIMUWU VACUUM FURNACE, COL-INT TECH (COLOMBIA INTERNATIONAL TECH), and SHANGHAI HAOYUE ELECTRIC FURNACE TECHNOLOGY CO., LTD., among others.

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There has been a robust growth in the number of nuclear projects across the world, with each country focused on developing their nuclear strength. However, the sector faces a struggle in the production of nuclear energy through materials with consistent mechanical and physical properties. The encapsulation of radioisotope materials, such as Plutonium (IV) oxide and Americium dioxide within tungsten cermets is of particular interest as sources for thermal management and radioisotope power systems. The production of nuclear fuels for fission reactor systems based upon Wu2013UO2 or Wu2013UN cermets, which is also required for increased operational safety and security. The conventional sintering techniques lead to the formation of complete or partial non-cermet regions in the fuel element development However, SPS has been able to increase the density materials at lower temperatures and shorter times than those required in conventional processes. Also, the presence of large grains observed in sintering processes, such as hot iso-static pressing lead to a loss of mechanical properties that are avoided during the SPS process as it minimizes grain growth and it is therefore ideal to be used in materials requiring a top mechanical performance.

Defense Sector to Witness the Fastest Growth Over the Forecast Period
Titanium is the most sort after metal for military applications, used in cutting-edge nuclear submarines, fighter jets, as it offers corrosion resistance that extend the life, as well as for light-weight requirements, like armoured vehicles. However, the metal is ten times more expensive than steel and accounts for a huge production time as well. The emergence of the SPS methods enables the production of titanium powder/particulate in hardly two steps. This method has found a huge expansion of titanium parts and equipment throughout the military. Further, it also enables the creation of custom body armors for soldiers that just involve digitally scanning the soldier, creating a graphite mold via CNC machining, and sintering boron carbide powder into customized plates. With a greater focus on improving military technology and equipment, the armed forces across the world are looking into investing into this technology. For instance, The Defence Science and Technology Laboratory (Dstl) and Kennametal Manufacturing UK Ltd. have partnered to develop full size ceramic armour components for personnel and vehicle protection. The EUR 2 million joint project investment in the Newport, South Wales facility, to establish Spark Plasma Sintering (SPS) Furnace.

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