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.
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. 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.
This 75 page report gives readers a
comprehensive overview of the Sintering market. Browse Market
Research Report @
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.
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.
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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
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