A recent report published by
Infinium Global Research on sintering market provides an in-depth analysis of
segments and sub-segments in the global as well as regional sintering market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional sintering market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global sintering market. According to the
report, the global sintering market is projected to grow at a CAGR of 3.9% over
the forecast period of 2019-2025.
Sintering is a manufacturing
process where metal alloys are molded into complex and unique shapes by
subjecting them to high temperatures just below their melting points. It
happens naturally in mineral deposits. Sintering is used majorly in shaping the
process of materials with extremely high melting points such as molybdenum and
tungsten. Mergers and acquisitions in the sintering market are stimulating the
market share of the companies. In 2017, Miba AG has acquired Brazilian sinter
component manufacturer Mahle Metal Group. The strategic advantage of this
acquisition is to operate production sites around the world and expand in the
automotive market with the production of sinter components.
Sintered parts are having
different qualities such as abrasion resistance and corrosion, lightweight,
etc. The growing preference for the sintering method over traditional
manufacturing methods drives the growth of the sintering market. Sintering is a
heat treatment that increases the strength and structural integrity of the
given material. It is used for bonding particles into a coherent and
predominantly solid structure. The rising importance of sintering in powder
metallurgy and its use in various stages to obtain end-product and increasing
need for improving the capabilities of the gamut of metals contribute to the
growth of the market. In addition, applications of sintering such as ceramic
fabrication for strengthening compacted material promote the market’s growth.
New product launches in the sintering market are majorly contributing to the
demand for sintering technology. Prodways launched a new industrial laser
sintering 3D printer. The technology has used high power laser to merge
successive layers of plastics and metals. On the other side, replaceable
technologies such as pelletizing hinder the growth of the sintering market.
Moreover, technological developments promote end-use applications of sintering
in a wide range of industries creating several opportunities for the growth of
the sintering market.
The Asia-Pacific region is
anticipated to have a premium share in the global sintering market. The rising
industrial and technological development in Asia-Pacific stimulates the growth
of the sintering market in Asia-Pacific. North America and Europe account for a
downward growth trend due to strict government regulations for the application
of the sintering process in that region. This is because of the harmful
emissions during the sintering process.
The report on the global
sintering market covers segments such as material analysis and application. On
the basis of material analysis, the sub-markets include low-grade alloy steel,
pure iron, and other materials. On the basis of application, the sub-markets
include construction, manufacturing, automotive, and other applications.
The report provides profiles of
the companies in the market such as Hitachi Ltd., GKN plc, Sumitomo
Corporation, H.C. Starck GmbH, Pacific Sintered Metals, Metaldyne Performance
Group Inc., ASCO Sintering Co., AMES Companies, Inc., Miba Sinter Group,
High-Tech Sintered Products Pvt. Ltd., and other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the sintering market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future trends
in the market that will affect the demand during the forecast period. Moreover,
the competitive analysis given in each regional market brings an insight into
the market share of the leading players.