Industrial, Manufacturing & Heavy Industry Market News

Learn details of Europe's sintering market: spur in demand on cards as diverse industries realize benefits of sinter-based components

Prominent enterprises with global presence such as Sumitomo Corporation, GKN plc., Hoganas A.B., and AMES are domiciled in Europe. This has rendered the Europe sintering market highly competitive. These players together held 20% of the market in 2015, which is indicative of its fragmented vendor landscape. A majority of the leading players in the Europe sintering market have established brand identities. This is a key factor determining their success amidst end users, finds Transparency Market Research (TMR) in a new study.

- Advertising -

As competition is forecast to get fiercer with time, leading players are focusing on consolidation through strategies collaborations. Besides this, several companies are boosting their plant capacities as they strive for increased profitability.

A majority of the key players are supported by a network of well-established suppliers and distribution network. This has an inevitable positive impact on their sales outlook.

- Advertising -

Despite such strong presence of established players, the market exhibits lucrative prospects for the entry of new players. Factors such as easy access to raw materials and rising applications of sintering have eased entry of new players.

In the near future, the competition prevailing in the sintering market in thus expected to get fiercer.

Browse Market Research Report @: www.transparencymarketresearch.com/europe-sintering-market.html

TMR has projected the Europe sintering market to reach US$11.09 bn by the end of 2024. At the start of 2015, the market was valued at US$8.35 bn.

If these figures hold true, the Europe sintering market will exhibit a CAGR of 3.2% between 2016 and 2024. By material, the pure iron segment has reported dominance in the market.

In 2015, the segment held over 35.7% in the Europe sintering market. Through the course of the forecast period, the segment is expected to retain its dominance.

Among countries, Germany held the leading market share of 24.4% in 2015.

Application across Diverse Industries to Aid Growth

The sintering market in Europe is primarily gaining from the increasing demand for sinter-based structural auto parts. These auto parts are more durable, light-weight, and affordable compared to their conventional counterparts.

Besides this, the usage of sinter-based components has significantly increased in engines, shafts, chassis, bearings, and different types of valves. Considering the increasing applications, the demand for sinter-based products is steadily spurring in Europe.

Moreover, sintering helps in the manufacturing of superior quality components with peculiar shapes. While at initial phase, the automotive industry accounted for the most demand witnessed in the market, of late industries such as aerospace, construction, and mechanical engineering have realized their use.

In the next few years, the market players can therefore expect moderately rising opportunities especially on account of the rising application of sinter-based components across diverse industries.

Exclusive sample of this report @: www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=22526

Time Consuming Manufacturing Process Could Hamper Growth

Sintering is a time-consuming process, which is a key restraint to its increased uptake. In addition, inadequate availability of systemic techniques to validate the inner-strength of sintered components, make optimizing manufacturing process highly tedious.

This could have a negative impact on the overall market. Enactment of stringent regulations to curb harmful emissions has created bottlenecks, thus leading the market towards unwieldy growth trajectory.

Nevertheless, with industrial and technological developments in sintering process, industry experts have positive outlook for the Europe sintering market.

This review is based on a TMR study, titled “Sintering Market (Material - Low Grade Alloy Steel (Pure Iron, Fe - Ni Alloys, Fe - Si Alloys, Fe - Co Alloys, 42CrMo4 Steel, and 100Cr6 Steel)) - Europe Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

The report segments the Europe sintering market as:

Sintering Market – Material Analysis

  • Low Grade Alloy Steel
  • Pure Iron
  • Fe – Ni Alloys
  • Fe – Si Alloys
  • Fe – Co Alloys
  • 42CrMo4 Steel
  • 100Cr6 Steel

Sintering Market – Country Analysis

  • U.K.
  • Germany
  • Italy
  • France
  • Spain
  • Rest of Europe

News From

Transparency Market Research - In-depth AnalysisTransparency Market Research
Category: Market Research Publishers and RetailersCompany profile: TMR provides a range of marketing and business research solutions designed for your specific needs. From off-the-shelf syndicated business And market research to made-to-order custom research, we serve our clients to fulfill their immediate as well as ongoing research requirements.      We specialize in the following areas:   Syndicated Research Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemical, energy, food & beverage ...