Spark Plasma Sintering Market - Segmented By Material Type (Metals, Ceramics, Biomaterials), End-user (Automotive, Aerospace & Defense, Healthcare), and Region - Growth, Trends, and Forecast (2019 - 2024)

Spark Plasma Sintering Market - Segmented By Material Type (Metals, Ceramics, Biomaterials), End-user (Automotive, Aerospace & Defense, Healthcare), and Region - Growth, Trends, and Forecast (2019 - 2024)

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The SPS market is expected to register a CAGR of over 6%, during the forecast period 2018 - 2023. The scope of the market covers the systems by various vendors of the market.

              

Materials for Nuclear Applications Have Found an Increased Adoption of SPS

                           

There has been a robust growth in the number of nuclear projects across the world, with each country focused on developing their nuclear strength. However, the sector faces a struggle in the production of nuclear energy through materials with consistent mechanical and physical properties. The encapsulation of radioisotope materials, such as Plutonium (IV) oxide and Americium dioxide within tungsten cermets is of particular interest as sources for thermal management and radioisotope power systems. The production of nuclear fuels for fission reactor systems based upon W–UO2 or W–UN cermets, which is also required for increased operational safety and security. The conventional sintering techniques lead to the formation of complete or partial non-cermet regions in the fuel element development However, SPS has been able to increase the density materials at lower temperatures and shorter times than those required in conventional processes. Also, the presence of large grains observed in sintering processes, such as hot iso-static pressing lead to a loss of mechanical properties that are avoided during the SPS process as it minimizes grain growth and it is therefore ideal to be used in materials requiring a top mechanical performance.

Defense Sector to Witness the Fastest Growth Over the Forecast Period

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 armoured vehicles. However, the metal is ten times more expensive than steel and accounts for a huge 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 huge 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. With a greater focus on improving military technology and equipment, the armed forces across the world are looking into investing into this technology. For instance, The Defence Science and Technology Laboratory (Dstl) and Kennametal Manufacturing UK Ltd. have partnered to develop full size ceramic armour components for personnel and vehicle protection. The EUR 2 million joint project investment in the Newport, South Wales facility, to establish Spark Plasma Sintering (SPS) Furnace.

Key Developments in the Market

  • March 2018 - The 13th conference of the FAST / SPS experts for Powder Metallurgy Committee of VDI, DGM, DKG, FPM and Stahlinstitut VDEh took place at the FCT Systeme GmBH. The conference aims to address industrial and scientific issues in the field of SPS. Another significant aim of the meeting was to initiate R&D projects and other joint projects of universities, research institutes, and industry players
  • 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

Major Players: Fuji Electronic Co. Ltd., Dr. Fritsch, Thermal Technology LLC, FCT Systeme GmBH, MTI Corporation, SIMUWU Vacuum Furnace, Col-Int Tech (Colombia International Tech), and Shanghai Haoyue Electric Furnace Technology Co., Ltd., among others. 

Reasons to Purchase this Report

  • Current and future SPS outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segments that are expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)

Customization of the Report

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1. Introduction

                1.1 Key Deliverables of the Study

                1.2 Study Assumptions

                1.3 Market Definition

                1.4 Key Findings of the Study

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

                4.1 Market Overview

                4.2 Factors Driving the Market

                                4.2.1 Growing developments in the sintering and microstructural evolution processes for the fabrication of powder-based materials

                                4.2.2 Need for enhancing grain sliding, deformation and grain size control 

                4.3 Factors Challenging the Market

                                4.3.1 Complexities associated with the narrow temperature range during the reactions

                4.4 Industry Value Chain Analysis

                4.5 Industry Attractiveness – Porter’s Five Forces

                                4.5.1 Bargaining Power of Suppliers

                                4.5.2 Bargaining Power of Consumers

                                4.5.3 Threat of New Entrants

                                4.5.4 Threat of Substitute products or services

                                4.5.5 Competitive Rivalry Among Existing Competitors

                4.6 Industry Requirements

5. Technology Snapshot

6. Global Spark Plasma Sintering Market- Segmented by Material Type

                6.1 Metals

                6.2 Ceramics

                6.3 Biomaterials

                6.4 Composites

                6.5 Others (Nuclear Materials, Carbon Nitrides)

7. Global Spark Plasma Sintering Market - Segmented by End-User Vertical

                7.1 Automotive

                7.2 Manufacturing

                7.3 Healthcare

                7.4 Energy and Power

                7.5 Aerospace and Defense

                7.6 R&D Institutes

                7.7 Others ( Building and Construction, Space Applications)

8. Global Spark Plasma Sintering Market - Segmented by Geography

                8.1 North America

                8.2 Europe

                8.3 Asia-Pacific

                8.4 Latin America

                8.5 Middle East & Africa

9. Competitive Landscape - Key Vendor Profiles

                9.1 Fuji Electronic Co. Ltd.

                9.2 Dr. Fritsch

                9.3 Thermal Technology LLC

                9.4 FCT Systeme GmBH

                9.5 MTI Corporation

                9.6 SIMUWU Vacuum Furnace

                9.7 Col-Int Tech ( Colombia International Tech)

                9.8 Shanghai Haoyue Electric Furnace Technology Co., Ltd

                9.9 Elenix

                9.10 Toshniwal

                9.11 Labec (Laboratory Equipment)

                9.12 EasyFashion Industry

                9.13 Sinter Land Inc.

                9.14 Henan Synthe Corporation

                9.15 Energyn

10. Future Outlook

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