Advanced Sintering Technologies Market: Industry Analysis and Forecast (2023-2029) by Type, Application and Region

Advanced Sintering Technologies Market Overview:

Advanced Sintering Technologies Market report examines the market’s growth drivers as well as its segments (Type, Application and Region). Data has been provided by market participants, and regions (North America, APAC, Europe, MEA, and South America). This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2017-2020), statistics, and presentations are used. The report examines the Advanced Sintering Technologies Market Drivers, Restraints, Opportunities, and Challenges. This SMR report includes investor recommendations based on a detailed analysis of the current competitive landscape of the Advanced Sintering Technologies Market.

Sintering is the process of fusing particles into a single solid mass through the application of pressure and heat in a manner that the materials do not melt. Through sintering, metal powders have significant increase in their robustness. Another application of sintering is to reduce the porosity of a material’s surface thereby improving its properties.

 

As an effect of the COVID 19 lockdowns, shutdown of business operations, significantly reduced operations and therefore disruption in the supply and demand of raw materials like metal. The Advanced Sintering Market being directly affected by the same has also been extremely volatile.

 

With the lifting of the lockdowns, globally the demand for Advanced Sintering Market is expected to increase in the forecast period.

 

Advanced Sintering Technologies Market Dynamics:

The main factors that drive the growth of the Advanced Sintering Technologies are the demand in the manufacturing of automobile and aerospace industries.

 

Advanced Sintering Technologies Market and the automobile industry:

 

With significant research and development taking place in the automotive market and the recent increase in demand for automobiles globally, an increase in the Advanced Sintering Market is expected. This is because Sintering is used in the manufacturing of high-strength and lightweight components in automobiles such as transmissions, chassis components and engine parts.

 

Sintered parts are used in a wide range of automobile applications further driving the demand of the Advanced Sintering Technologies Market. The market has already shown an increase in demand after the deployment of the BS-VI emission norm in 2020.

 

Advanced Sintering Technologies Market and Ceramic Industry:

 

Sintering has always been used to improve the strength of ceramic materials. The advantages of sintering ceramics are properties such as hardness, resistance to wear and corrosion, the ability to withstand high temperatures, insulation and resistance to chemical products. These properties find application in various specialised industries such as the aerospace industry. They are used to manufacture a large number of products such as spacecraft heat-shields, gas turbine engines and nozzles, flaps and various other functional parts of aircrafts. There is therefore a significant demand of ceramic products and thereby Advanced Sintering Technologies Market. This has led to further research and development in the Advances Sintering Technologies Market, as sintering is now being advanced through the use of computer simulation and modelling to create advanced shapes that are required in advanced aeronautical applications.

 

Fluctuations in raw material prices and economic barriers the biggest speed breakers:

 

Metals such as Iron, Brass and Copper are used for the sintering process. The disruption in the supply of these materials can lead to the Advanced Sintering Technologies Market to crash.. The variations in the price of these raw materials has also caused non-linearities and problems in the Advanced Sintering Technologies Market.

Other environmental factors such as fluctuation economic growth and interest rates have also hindered the growth of the Advanced Sintering Technologies Market. The Iron Ore market being dominated by big players and the rise of substitute materials and techniques have also slowed down the Advanced Sintering Technologies Market.

 

Advanced Sintering Technologies Market Segment Analysis:

 

The segmentation of the Advanced Sintering Technologies Industry can be made considering the overall use case is done on the basis of Type and Application.

 

By Type: The market can be segmented into conventional pressure less sintering, spark plasma sintering, hot pressing and microwave sintering. Conventional pressure less sintering is the sintering of a powder compact at very high temperatures without the application of pressure. The advantages are the avoidance of density variations in the final components.

 

Spark Plasma Sintering is a pressure-assisted, pulsed-current process through which the materials are sintered. In hot pressing, the sintering is conducted at a high-pressure low-strain-rate at a high temperature which induces sintering in the material.

 

 

By Application:  The Advances Sintering Technologies Market can be segmented into automotive, aerospace and energy industries. As discussed earlier, Advanced Sintering Technologies Market finds a wide range of applications in the automotive industry. Sintering technologies are used in the manufacturing of various automotive body-parts and bearings.

In the aerospace industry, Advanced Sintering Technologies Market are used to enhance the properties of various ceramics such as high-tolerance to extreme temperatures and material properties, after which they are used in a wide variety of applications such as the manufacture of engine and body parts, heat-shields etc.

In the Energy industry, there is a widespread application of the Advanced Sintering Technologies Market as it is used to produce advanced equipment used in power plants such as turbines and Nuclear-Reactor cores. Sintered material is also used for the transmission of power across power lines and electric power grids.

 

Advanced Sintering Technologies Market Regional Outlook:

 

The North America region holds the biggest market share in the Advanced Sintering Technologies Market. This can be attributed to the region leading in technological breakthroughs and the overall high acceptance of new technologies in the region.

The region is also home to the biggest powers in the automotive and aerospace industries that provide a further boost in the demand of the Advanced Sintering Technologies Market. The further growth factors that aid the region are increased investments in the Energy and Power industries along with the manufacture of fuel-efficient vehicles and industrializations.

 

 

 

Further the report provides PESTEL Analysis which will help the company tailor the overall strategies for market activities. The analysis takes into consideration various environmental variables that are crucial for the development of the market position of the company such as government funding and other political variables. Therefore, this analysis helps the stakeholder evaluate the challenges and opportunities in a holistic way.

 

Advanced Sintering Technologies Market Scope:

Advanced Sintering Technologies Market Scope
Market Size in 2022	USD 1197.35 Mn.
Market Size in 2029	USD 1985.17 Mn.
CAGR (2023-2029)	7.49%
Historic Data	2017-2021
Base Year	2022
Forecast Period	2023-2029
Segment Scope	By Type Conventional Pressure-less sintering Spark Plasma Sintering Hot Pressing
	By Application Automotive Aerospace Energy
	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Advanced Sintering Technologies Market Key Players:

• ALD Vacuum Technologies (Germany)
• FCT Systeme (Germany)
• Linn High Therm (Germany)
• BTU International (US)
• Sumitomo Heavy Industries Ltd. (Japan)
• EOS (Germany)
• Shanghai Gehang Vacuum Technology Co., Ltd (China)
• ChinaSavvy (China)
• Alpha Advanced Materials(Singapore)
• GKN PLC(UK)
• H.C. Starck GmbH(Germany)
• Hitachi Ltd.(Japan)
• Pacific Sintered Metals(US)
• Linn High Therm (Germany)
• BTU International(US)