Market Overview:
The global Spark Plasma Sintering market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for advanced materials in various end-use industries such as automotive, aerospace, defense, and healthcare. In addition, the growing awareness about the benefits of using spark plasma sintering technology over traditional methods is also propelling the growth of this market. Based on type, the global Spark Plasma Sintering market has been segmented into metal, ceramic, and biomaterial segments. The metal segment is expected to account for a major share of this market during the forecast period owing to its high usage in various end-use industries such as automotive and aerospace. However, with technological advancements being made in biomaterials sector; it is anticipated that this segment will witness highest growth rate during 2018-2030 period. Based on application area, Automotive sector accounted for maximum revenue share in 2017 and it is projected that same trend would continue throughout forecast period i .e., 2018-2030 followed by Aerospace & Defense sector . Healthcare sector would exhibit highest CAGR among all other applications areas considered during entire analysis tenure due rising number of implant surgeries across globe which are conducted using SPPS technology nowadays because advantages offered by SPPS over traditional techniques like lost wax casting or investment casting processes used earlier while manufacturing medical implants.
Product Definition:
Spark Plasma Sintering (SPS) is a powder metallurgy technique that uses an electric spark to heat and fuse particles of metal or alloy. The electric spark is produced by passing a high voltage current through two electrodes which are placed in close proximity to each other. This creates a plasma which is hot enough to melt the particles of metal or alloy. These particles are then fused together to form a solid mass.
The advantage of Spark Plasma Sintering over traditional powder metallurgy techniques such as sintering, forging and casting is that it can produce parts with very complex shapes that would be difficult or impossible to produce using other techniques. It also allows for the production of parts with very small features and tolerances.
Metal:
Metal powders are used in Spark Plasma Sintering (SPS) owing to their high melting point. The metal powder is sintered under extreme heat and pressure, which helps in the production of large volume products with complex shapes. Metal powders are widely used for manufacturing automotive parts such as engine components, transmission components, brake systems and other mechanical & electrical parts.
Ceramic:
Spark plasma sintering is a new technology that uses electricity for the process of heating and sintering. The technique is used to manufacture ceramic parts and components with high precision. It offers several advantages over other techniques such as lower operating temperature, higher part complexity, ability to work with low-precision metals like aluminum & steel etc., cost-effective manufacturing process etc.
Application Insights:
The automotive application segment accounted for the largest share of over 30.0% in 2017. The growing demand for lightweight materials with high strength and excellent thermal management is expected to drive the product demand in this application segment over the forecast period.
The aerospace application segment is projected to witness significant growth owing to increasing use of composites in aircraft manufacturing, which has led to a rise in demand for spark plasma sintering processes over recent years. In addition, favorable government policies regarding bio-based polymers are expected to fuel market growth during the forecast period.
Healthcare applications include implants and surgical tools; here, ceramics are used as they have good mechanical properties and can be manufactured using low cost raw materials such as glass fiber reinforced plastics or metals.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through 2030, owing to the presence of major players and well-established automotive, aerospace and defense industries. In addition, growing R&D activities by key companies are also contributing towards regional growth.
Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to increasing demand for 3D printed components in emerging economies such as China and India. Moreover, rising investments by governments of countries including Japan and South Korea for developing their manufacturing sectors will drive Spark sintering technology across Asia Pacific region over the forecast period.
Growth Factors:
- Increasing demand for high-performance and lightweight materials in automotive and aerospace industries
- Growing popularity of 3D printing technology
- Rising demand from medical device and implant manufacturers
- Increasing use of spark plasma sintering in research and development activities
- Technological advancements in spark plasma sintering equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Spark Plasma Sintering Market Research Report
By Type
Metal, Ceramic, Biomaterial
By Application
Automotive, Aerospace, Defense, Healthcare, Others
By Companies
Fuji Electric, Dr Fritsch, Thermal Technology, FCT Systeme GmBH, MTI Corporation, Desktop Metal, Markforged, Formlabs, Taulman 3D, Henan Synthe, Shanghai Haoyue Furnace Technology, Shanghai Gehang Vacuum Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Spark Plasma Sintering Market Report Segments:
The global Spark Plasma Sintering market is segmented on the basis of:
Types
Metal, Ceramic, Biomaterial
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aerospace, Defense, Healthcare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fuji Electric
- Dr Fritsch
- Thermal Technology
- FCT Systeme GmBH
- MTI Corporation
- Desktop Metal
- Markforged
- Formlabs
- Taulman 3D
- Henan Synthe
- Shanghai Haoyue Furnace Technology
- Shanghai Gehang Vacuum Technology
Highlights of The Spark Plasma Sintering Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal
- Ceramic
- Biomaterial
- By Application:
- Automotive
- Aerospace
- Defense
- Healthcare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Spark Plasma Sintering Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Spark Plasma Sintering (SPS) is a new manufacturing process that uses an electric arc to fuse small pieces of metal together into 3D objects. The resulting object is a powder that can be easily molded into any shape or size using traditional manufacturing methods.
Some of the major companies in the spark plasma sintering market are Fuji Electric, Dr Fritsch, Thermal Technology, FCT Systeme GmBH, MTI Corporation, Desktop Metal, Markforged, Formlabs, Taulman 3D, Henan Synthe, Shanghai Haoyue Furnace Technology, Shanghai Gehang Vacuum Technology.
The spark plasma sintering market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spark Plasma Sintering Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Spark Plasma Sintering Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spark Plasma Sintering Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Spark Plasma Sintering Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Spark Plasma Sintering Market Size & Forecast, 2018-2028
4.5.1 Spark Plasma Sintering Market Size and Y-o-Y Growth
4.5.2 Spark Plasma Sintering Market Absolute $ Opportunity
Chapter 5 Global Spark Plasma Sintering Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Spark Plasma Sintering Market Size Forecast by Type
5.2.1 Metal
5.2.2 Ceramic
5.2.3 Biomaterial
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Spark Plasma Sintering Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Spark Plasma Sintering Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Aerospace
6.2.3 Defense
6.2.4 Healthcare
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spark Plasma Sintering Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Spark Plasma Sintering Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Spark Plasma Sintering Analysis and Forecast
9.1 Introduction
9.2 North America Spark Plasma Sintering Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Spark Plasma Sintering Market Size Forecast by Type
9.6.1 Metal
9.6.2 Ceramic
9.6.3 Biomaterial
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Spark Plasma Sintering Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Aerospace
9.10.3 Defense
9.10.4 Healthcare
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Spark Plasma Sintering Analysis and Forecast
10.1 Introduction
10.2 Europe Spark Plasma Sintering Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Spark Plasma Sintering Market Size Forecast by Type
10.6.1 Metal
10.6.2 Ceramic
10.6.3 Biomaterial
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Spark Plasma Sintering Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Aerospace
10.10.3 Defense
10.10.4 Healthcare
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Spark Plasma Sintering Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Spark Plasma Sintering Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Spark Plasma Sintering Market Size Forecast by Type
11.6.1 Metal
11.6.2 Ceramic
11.6.3 Biomaterial
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Spark Plasma Sintering Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Aerospace
11.10.3 Defense
11.10.4 Healthcare
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Spark Plasma Sintering Analysis and Forecast
12.1 Introduction
12.2 Latin America Spark Plasma Sintering Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Spark Plasma Sintering Market Size Forecast by Type
12.6.1 Metal
12.6.2 Ceramic
12.6.3 Biomaterial
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Spark Plasma Sintering Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Aerospace
12.10.3 Defense
12.10.4 Healthcare
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Spark Plasma Sintering Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Spark Plasma Sintering Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Spark Plasma Sintering Market Size Forecast by Type
13.6.1 Metal
13.6.2 Ceramic
13.6.3 Biomaterial
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Spark Plasma Sintering Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Aerospace
13.10.3 Defense
13.10.4 Healthcare
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Spark Plasma Sintering Market: Competitive Dashboard
14.2 Global Spark Plasma Sintering Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fuji Electric
14.3.2 Dr Fritsch
14.3.3 Thermal Technology
14.3.4 FCT Systeme GmBH
14.3.5 MTI Corporation
14.3.6 Desktop Metal
14.3.7 Markforged
14.3.8 Formlabs
14.3.9 Taulman 3D
14.3.10 Henan Synthe
14.3.11 Shanghai Haoyue Furnace Technology
14.3.12 Shanghai Gehang Vacuum Technology
