Sintering Market Research Report and Forecast up to 2024 Sintering Market - Europe Industry Analysis, Size,

Sintering Market - Europe Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016
- 2024
Europe Sintering Market: Snapshot
Sintering is a manufacturing process in which metal alloys in powdered form are
molded into unique and complex shapes by subjecting them to high temperatures
just below the melting points of the metal alloys being used in the process. The
process of sintering is being preferred over the traditional methods of
manufacturing components, since sintered parts have superior qualities such as
corrosion and abrasion resistance, light weight, etc. Sintering is an important stage
in powder metallurgy and is followed by various stages in order to obtain an end
product.
The raw materials usually used for the process of sintering are metal powders of low
grade alloy steels such as pure iron, Fe – Ni alloys, Fe – Si alloys, Fe – Co Alloys,
42CrMo4 steel, and 100Cr6 steel. Sintering is used on a large scale to manufacture
complex components to be used in end use industries such as automotive, defense,
and aerospace. Among the above stated low grade alloy steels, pure iron was used
widely in sintering process in Europe in 2015 and is expected to be utilized at the
same rate in the years to come.
The Europe sintering market is projected to reach US$11.09 bn by the end of 2024,
from its valuation of US$8.35 bn in 2015. Considering this, the sintering market in
Europe will exhibit a CAGR of 3.2% between 2016 and 2024.
View Report @ http://www.transparencymarketresearch.com/europe-
sintering-market.html
Pyre Iron Sintering Material to Continue Witnessing High Demand through
Forecast Period
By material, pure iron, Fe – Ni alloys, Fe – Si alloys, Fe – Co Alloys, 42CrMo4 steel,
and 100Cr6 steel are the key market segments. Of these, pure iron material
constituted the leading market share of 35.7% in 2015. The segment is expected to
remain dominant through the course of the forecast period. Pure iron boasts wide
industrial applications, especially with various materials to form base of alloy
mixtures. Pure iron offers superior properties such as high corrosion resistance. It is
therefore increasingly used across industries as a material for sintering.