Latest Report Titled On:- Global Spark Plasma Sintering Market – Segmented By Material Type (Metals, Ceramics, Biomaterials), End-user (Automotive, Aerospace & Defense, Healthcare), and Region – Growth, Trends, and Forecast (2018 – 2023)
Global “Spark Plasma Sintering Market” report provides a detailed analysis of the market from 2018 to 2023. Spark Plasma Sintering market report focuses on market capacity, share, current market trends and upcoming future predictions. Global Spark Plasma Sintering Market is expected to register a CAGR of approximately 6% during the forecast period of (2018 – 2023).
360 MARKET UPDATES Report provides a 360-degree overview of the global Spark Plasma Sintering Market with special emphasis on all aspects including CAGR Status, drivers, restraints, and opportunities, market and regional segmentation.
Spark Plasma Sintering Market Report Covers Leading Manufacturers: 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.
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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.
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 WUO2 or WUN 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.
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Reasons to Purchase Spark Plasma Sintering Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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