Sintering Market
REPORT DESCRIPTION
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
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.
Browse Latest Research Report with ToC:
http://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.
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