(PharmaNewsWire.Com, May 06, 2017 ) Since last few years, sintering is being used for manufacturing important automotive and aerospace components such as transmission gears, axles, etc. which require complex shapes. In Europe, Sintering market is expected to grow at a steady pace in the coming years due to the wide range of applications in which sintered components are being used, finds the latest study added to the broad archive of Market Research Hub (MRH). This research publication is titled as “Europe Sintering Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2016-2024” and offers a comprehensive view of the European market. An extensive forecast between 2016 and 2024 based on revenue (US$ Bn) with 2015 as the base year, is highlighted.
In the initial sections, the report briefly describes the market overview which highlights market dynamics, key industry developments and detailed forecast to 2024. As per the research findings, the Europe sintering market is projected to reach US$11.09 billion by the end of 2024, from its valuation of US$8.35 billion in 2015. At this pace, the sintering market in Europe will unveil a CAGR of 3.2% by 2024.
Sintering is the process in powder metallurgy where the parts acquire the strength needed in their applications via appropriate heat treatment. The temperature used for sintering process is below the melting point of the major constituent of the Powder Metallurgy material. Due to the superior qualities of sintered components such as abrasion and corrosion resistance and light weight, sintering is being highly chosen over other traditional methods for manufacturing components required for mechanical purposes. Moreover, the study provides a comprehensive view of the sintering market by dividing it into materials and geography segments. The material segment includes low-grade alloy steel such as pure iron, Fe-Ni Alloys, Fe-Si Alloys, Fe-Co Alloys, 42CrMo4 Steel and 100Cr6 Steel.
On the basis of geographical outlook in Europe, the U.K., Germany, Italy, France, and Spain have emerged as the most lucrative sintering markets. The report offers market segmentation of all the countries individually that includes demand for current and forecast consumption. The study also finds that among these, Germany held a major share and is expected to witness growth at a constant pace during the forecast period as well. The report further also includes Porter’s Five Forces Model to determine the degree of competition in the sintering market. Currently, technological advancements are being made to improve the quality of sintered components, so that it can be used in defense as well.
The next section of the report covers detailed competitive view including market share and profiles of key players operating in the global market. Major companies profiled in the report include, Hitachi Ltd., Sumitomo Corporation, H.C. Starck GmbH, GKN plc, Metaldyne Performance Group, LLC. and others.
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