Global Spark Plasma Sintering Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Spark Plasma Sintering Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Spark Plasma Sintering (SPS) is a sintering technology that compresses and compresses materials to a higher density. The material powder is put into the mold, and the specific sintering power and pressing pressure are applied to the sintered powder using upper and lower die punches and energized electrodes, and highperformance materials are obtained through processes such as electric discharge activation. Spark plasma sintering is a new technology for preparing functional materials. It has distinctive features such as fast heating speed, short sintering time, controllable structure, energy-saving and environmental protection.

Market Overview:

The latest research study on the global Spark Plasma Sintering market finds that the global Spark Plasma Sintering market reached a value of USD 289.1 million in 2022. It’s expected that the market will achieve USD 746.92 million by 2028, exhibiting a CAGR of 17.14% during the forecast period.

Influence of COVID-19 Outbreak on Spark Plasma Sintering Industry Development

The COVID-19 epidemic spread to more than 210 countries and regions around the world in three months, affecting nearly 7 billion people. The coronavirus epidemic has impacted all aspects of human health, economic growth, social development, national security, and international relations. It is a comprehensive challenge. The epidemic has drastically reversed expectations of moderate growth in the world economy in early 2020. After the outbreak, the employment situation in various countries has become more severe. Global investors panic, triggering turmoil in the financial and capital markets. The epidemic has caused huge losses to related industries and international trade. From the perspective of the general background, exports, consumption, and investment are driving the economy. After the outbreak of the epidemic, consumption, exports, and investment have all been affected to some extent. Therefore, the global economic downturn is inevitable.

More than one million lives have been lost to COVID-19 since the start of 2020 and the toll continues to rise. Many more have suffered a serious illness. Close to 90 million people are expected to fall into extreme deprivation this year. Compared with the IMF report released in June, the global economic contraction in 2020 will not be as severe as previously predicted. This revision reflects a better-than-expected economic recovery in the second quarter. Global growth is projected at 5.2 percent in 2021, a little lower than in the June 2020 WEO Update, reflecting the more moderate downturn projected for 2020 and consistent with expectations of persistent social distancing. This is the worst global recession in decades, despite the huge efforts of governments with the support of fiscal and monetary policies to deal with the economic downturn. But from a long-term perspective, it is expected that the severe recession caused by the pandemic will cause a prolonged economic depression by reducing investment. Should COVID-19 outbreaks persist, should restrictions on movement be extended or reintroduced, or should disruptions to economic activity be prolonged, the recession could be deeper. Businesses might find it hard to service debt, heightened risk aversion could lead to climbing borrowing costs, and bankruptcies and defaults could result in financial crises in many countries. Under such unfavorable circumstances, there will still be a possibility of a global decline in 2021.

Region Overview:

From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Dr. Fritsch is one of the major players operating in the Spark Plasma Sintering market, holding a share of 6.94% in 2021.

Dr. Fritsch company is a technology- and market leader in FAST/SPS machines (Field Assisted Sintering Technique / Spark Plasma Sintering) for industrial applications, as well as for research and development. The company provides FAST/SPS machines and powder handling equipment, such as mixing, granulating and cold pressing. For its customers in the diamond tool industry, it additionally provides first-class brazing, welding and grinding machines, as well as raw materials, such as metal powder and diamonds.

FCT Systeme GmbH manufactures industrial machinery and equipment. Design customized high-temperature equipment for the production of innovative highperformance materials. FCT Systeme GmbH is a leader

Segmentation Overview:

Among different product types, Metal segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Defense segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Spark Plasma Sintering market covered in Chapter 3:

Shanghai Gehang Vacuum Technology
Shanghai Haoyue Technology
EasyFashion Industry
Thermal Technology
Sinter Land
FCT Systeme
Laboratory Equipment
SINTERMAT
Energyn Inc.
Elenix Inc.
Toshniwal Instruments
Fuji Electronic Industrial
Dr. Fritsch

In Chapter 4 and Chapter 14.2, on the basis of types, the Spark Plasma Sintering market from 2018 to 2029 is primarily split into:

Metal
Ceramic
Biomaterial
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Spark Plasma Sintering market from 2018 to 2029 covers:

Aerospace
Automotive
Energy
Healthcare
Mechanical/Metallurgical
Defense
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)