Press release
Spark Plasma Sintering Market 2021 Growth, Prominent Players: Fuji Electronic Industrial Co. Ltd., Dr Fritsch GmbH & Co KG, Thermal Technology LLC
The Spark Plasma Sintering Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The spark plasma sintering (SPS) market is expected to register a CAGR of over 6% during the forecast period (2020 - 2025).
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Top Leading Companies of Spark Plasma Sintering Market are Fuji Electronic Industrial Co. Ltd., Dr Fritsch GmbH & Co KG, Thermal Technology LLC, FCT Systeme GmbH, MTI Corporation, Shanghai HaoYue Furnace Technology Co.,Ltd., Elenix Inc., Toshniwal Instruments Madras Pvt. Ltd., SinterLand Inc. and others.
Key Market Trends:
Defense Sector is Expected to Grow Significantly
- 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 armored vehicles. However, the metal is ten times more expensive than steel and accounts for colossal 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 vast 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.
Asia-Pacific Region to Witness Significant Growth
- The Asia-Pacific region is expected to witness significant growth for the demand of spark plasma sintering materials. The economies in the region are growing rapidly with the presence of the fastest developing nations like India and China. The healthcare, energy, and electronics segments are also propelling in the region.
- The growing compliance on international quality standards, the medical tourism industry is growing in the region. The customized bio-materials like artificial replacement for bones requires high strength and durability. According to the National Centre for Health Statistics (NCHS), hip replacement surgery cost in India is lower by at least fifth the cost in western countries. Attracting foreign patients, the demand for SPS joint replacement biomaterials is growing.
Competitive Landscape:
- 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.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Spark Plasma Sintering Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Spark Plasma Sintering Market (%),2016 - 2026
- Spark Plasma Sintering Market Share, By Brand
- Spark Plasma Sintering Market Share, By Company
- Spark Plasma Sintering Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Spark Plasma Sintering Market Value Analysis & Forecast
- Promising Spark Plasma Sintering Development by Major Companies
- Detailed Spark Plasma Sintering Portfolio of the Major Companies
- Major Deals in the Spark Plasma Sintering Market
- Major Companies Analysis
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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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