The Infinium Global Research analyzes the Sintering Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in the global sintering market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of sintering. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encourage the expansion of the sintering market during the period. The global sintering market is projected to grow at a CAGR of 3.9% over the forecast period of 2019-2025.
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Growing Preference for the Sintering Method Over Traditional Manufacturing Methods Drives the Growth of the Sintering Market
Sintered parts have 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-products and the 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. 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.
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Asia-Pacific Region is Anticipated to Have a Premium Share in the Global 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.
Sintering Market: Segmentation
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.
Sintering Market: Competitive Landscape
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.
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