Spark Plasma Sintering Market is segmented by Type (Vapor Chamber, Variable Conductance, Diode, Thermosyphon and Others), End User (Automotive, Aerospace & Defense, Food and beverage, Energy & power), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)
Spark Plasma Sintering Market Research Report Scope/Definition
Spark Plasma Sintering Market Growth and Trends
The global spark plasma sintering market or the SPS market is exhibiting tremendous growth with a CAGR of 6.0% from 2020 – 2025. The rising demand for electrically charged sintering techniques as a tool for the amalgamation of several metallic and/or non-metallic powders serves as a growth factor for the spark sintering market. The increasing adoption of the spark sintering technique for the development of nanomaterials drives the growth of the sintering market.
Spark Plasma Sintering Market Size shall reach a value of $xx Million in 2031, growing with a CAGR of 9.1% during the forecast period of 2022 to 2031.
The industrial sectors have demonstrated an increased interest in elaboration techniques like SPS that uses high current intensities. As a result, the SPS technique has emerged as the most sought-after method in the last two decades. The demand for the SPS technique in advancing materials processing and materials science by swiftly and efficiently versifying a great variety of materials is influencing the growth of the SPS market. The increased demand for high-strength materials has resulted in the need for a higher production rate of such materials through the SPS technique. The rising adoption of ultrafine crystallized materials and specific composite materials is propelling the demand for the SPS market. The increasing demand for advanced and high efficient technology has led to the need for materials that are highly productive and greatly efficient. Materials with differing and specialized properties are gaining much traction in the industry. The SPS technique allows the production of layered and gradient materials with widely varied properties, meeting the specific needs of the manufacturing sector. The increase in disposable incomes coupled with the rising urbanization renders the purchasing capacity of the economy higher. Thus, consumer and industrial products are attaining much need among end-users. These products have increased the demand for novel and innovative metals, composite materials, and ceramics with special mechanical or physical properties in the market. The ease of availability of raw materials and the declining manufacturing cost also achieves the growth of the requirement of material production at a very low price. The technological advantage SPS provides with the possibility to design and produce specialized materials has increased the sales of the SPS. Various industrial verticals possess the need for the use of the SPS technique. The aerospace sector raises the need for thermal protection systems and parts which are developed from SPS produced material like ceramic matrix composites. The electronics industry also increases the sales of materials with supreme hardness, thermal and electrical conductivities for sintering metal carbonitrides. With an increasing focus on developing military technology, the defense and armed forces are starting to invest in SPS technology.
Spark Plasma Sintering Industry Segmentation
Titanium, a precious metal, is the most sought-after metal for military use. It is used in modern nuclear submarines and jet fighters because it provides corrosion resistance, prolonging life, and lightning requirements such as armored vehicles. But metal is ten times more expensive than steel and takes a lot of time to produce. The advent of the SPS method has made it possible to produce titanium powder/particles practically in two steps. This method found a huge distribution of titanium parts and equipment in the military. Military segments are generating significant revenue for the market owing to the increasing focus on improving military technology and equipment. For example, Defense Science and Technology Institute and Kennametal Manufacturing UK Ltd. Collaborated to develop full-size ceramic armor parts to protect personnel and vehicles. A joint project investment of 2 million euros in Newport, South Wales to install a spark plasma sintering (SPS) furnace. Depending on the application, the ceramic sector is extremely productive with new microstructures, often said to be created at lower temperatures than imaginable using conventional versification procedures.
Spark Plasma Sintering Industry Regional Analysis
The Asia Pacific region is growing at significant CAGR owing to the increasing demand for spark plasma sintering materials. The developing nations, such as China and India, contribute significantly to growing the economy of the region. Additionally, the growing investment in the energy, medical and electronics sectors is anticipated to fuel up the market growth. Increasing compliance with international quality standards is driving the growth of the regions medical tourism industry. Custom biomaterials, such as artificial bone substitutes, require high strength and durability.
As per the records of NCHS, despite plasma sintering technology being an affordable replacement to the surgical products required for replacement surgeries. Also, the low cost associated with this technology is another factor driving the market growth. The countries in the Asia Pacific region are spending tremendously on the military and defense sector, wheres purpose was centering materials to find the most of the applications. For instance, in May 2020, China announced annual budget protection of $178.6 billion, an increase of 6.6% over the 2019 budget of $177.5 billion. In addition, spending on the development of military equipment and armor for soldiers is increasing year by year. In addition, ISRO has released a 10-year roadmap for future projects, which will drive the growth of the SPS market in the region, where applications require robust and specialized products.
Spark Plasma Sintering Market Competitive Landscape
Spark Plasma Sintering Market Share and Competition Key companies operating in this industry are: Fuji Electronic Industrial Co. Ltd; Dr FRITSH GmbH & Co KG; Thermal Technology LLC; FCT System GmbH ; MTI Corporation. Spark Plasma Sintering Market dominates the market with major players such as Thermal Technology LLC. The market players are using advanced strategies to increase high revenue and expand the market size across the world. In January 2018, AlcoCa announced its opening of $60 million in Pittsburgh, one of the main manufacturers of 3D materials. The company aims to use spark plasma sintering technology for industrial aluminum, nickel, and titanium powder production for 3D printed customers. March 202020: LLC "Thermal Technology" has extended a small laboratory SPS / DCS equipment that currently uses 5tan micro-mile SPS / DCS systems. The 5-ton press is controlled in much the same way as the larger one but differs in that the force is an electric screw drive rather than electro-hydraulic, as is the case with all the companys large press systems. The Micro SPS/DCS can handle samples up to 12 mm and reach temperatures up to 2300 °C.
Spark Plasma Sintering Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
End-User Application Analysis (Revenue, USD Million, 2022 - 2031)
• Energy & Power
• Aerospace & Defense
• Other End-user Applications
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Spark Plasma Sintering Industry Companies
• Fuji Electronic Industrial Co. Ltd
• Dr FRITSH GmbH & Co KG
• Thermal Technology LLC
• FCT System GmbH
• MTI Corporation
Available Versions of Spark Plasma Sintering Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report
Need Report on a particular Country OR need a Tailored/Customized Research? Budget Limits/Price Discounts Query...!
Email to David Correa
OR Fill the below "Sample Request FORM" with your queries in the message box.
20% Free Customization ON ALL PURCHASE
*Terms & Conditions Apply
Please fill in the form below to Request for free Sample Report
Office Hours Mon - Sat 10:00 - 16:00
Send Us Mail firstname.lastname@example.org
Market Decipher is a market research and consultancy firm involved in provision of market reports to organisations of varied sizes; small, large and medium.
© 2018 Market Decipher. All Rights Reserved