The uniaxial diffusion bonding furnace market is projected to grow from US$ 140.46 million in 2022 to US$ 230.74 million by 2028; it is estimated to grow at a CAGR of 8.6% from 2022 to 2028.
Diffusion bonding refers to the bonding process of dissimilar materials. It is the only technique that can join surfaces without filling material like soldering foil. A few common materials that be joined with the help of diffusion bonding process comprise titanium, titanium alloys, steel, nickel-based alloys, and copper. In uniaxial diffusion bonding process, the component is heated on a furnace under high vacuum pressure coupled with an external joining force through a press plunger. The semiconductor, aerospace, medical, power engineering, automotive & electromobility, and plastic injection modelling are among the major application industries of diffusion bonding. The medical device manufacturing industry experienced a significant growth over the years due to the rising prevalence of chronic devices. According to the data published by the International Diabetes Federation (IDF) in 2022, 2.9 million individuals in Canada were suffering from diabetes. According to the same source, the country is expected to showcase an increase in diabetes patients, reaching the number to 3.2 million and 3.4 million by 2030 and 2045, respectively. Thus, the increasing manufacturing of medical products is expected to propel the uniaxial diffusion bonding furnace market growth in the coming years.
The uniaxial diffusion bonding furnace market in North America is segmented into Canada, the US, and Mexico. The US is one of the world-leading manufacturing economies accounting for about US$2.3 trillion in GDP. In September 2021, manufacturers of various sectors in the US were increasingly engaging themselves in opening various manufacturing plants. For instance, Lam Research announced the establishment of a new 45,000 square-feet semiconductor equipment manufacturing plant in Oregon. Superior Boiler announced the establishment of their third manufacturing facility of 75,000 square-feet in Hutchinson, Kansas. Meanwhile, SAF announced the establishment of a new metal fabrication manufacturing plant of 60,000 square-feet in Temple, Texas. Furthermore, in February 2022, Nucor Corporation announced the largest investment of US$2.7 billion in a new sheet steel mill plant in West Virginia. This new plant will have the capacity to produce up to 3 million tons of sheet steel per year for heavy equipment, agriculture, automobiles, appliances, HVAC, transportation, and construction. Such huge establishment of manufacturing plants of various sectors generated demand for metals and metal processing, propelling the uniaxial diffusion bonding furnace market growth in the US.
Uniaxial Diffusion Bonding Furnace Market -
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North America and Europe Uniaxial Diffusion Bonding Furnace Market: Strategic Insights
North America and Europe Uniaxial Diffusion Bonding Furnace Market
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Market Size 2022
US$ 140.46 Million
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Market Size 2028
US$ 230.74 Million
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Regional Overview
- North America
- Europe
Market Segmentation
Ceiling Temperature
- Equal or Greater than 1800 C and Less than 1800 C
Application
- Aerospace
- Automotive
- Medical
- Energy & Power
- Tools & Dies
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North America and Europe Uniaxial Diffusion Bonding Furnace MarketReport ScopeNorth America and Europe Uniaxial Diffusion Bonding Furnace Market Report Scope
Report Attribute
Details
Market size in 2022
US$ 140.46 Million
Market Size by 2028
US$ 230.74 Million
Global CAGR (2022 - 2028)
8.6%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Ceiling Temperature - Equal or Greater than 1800 C and Less than 1800 C
By Application - Aerospace
- Automotive
- Medical
- Energy & Power
- Tools & Dies
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Market leaders and key company profiles
BIONICS SCIENTIFIC TECHNOLOGIES (P) LTD.
Carbolite Gero Ltd.
Gadda Industrie Srl
Norican Group
Wilhelm ALTE GmbH
shikovi Heat gen Technologies Pvt.Ltd.
HTS Vacuum Furnaces
Ami Industries
Plansee SE
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
North America and Europe Uniaxial Diffusion Bonding Furnace Market: Strategic Insights
-
Market Size 2022
US$ 140.46 Million -
Market Size 2028
US$ 230.74 Million
Market Dynamics
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
Regional Overview
- North America
- Europe
Market Segmentation
Ceiling Temperature - Equal or Greater than 1800 C and Less than 1800 C
Application - Aerospace
- Automotive
- Medical
- Energy & Power
- Tools & Dies
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
North America and Europe Uniaxial Diffusion Bonding Furnace Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 140.46 Million |
| Market Size by 2028 | US$ 230.74 Million |
| Global CAGR (2022 - 2028) | 8.6% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Ceiling Temperature
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Ceiling Temperature, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Canada, France, Germany, Italy, Mexico, Russian Federation, United Kingdom, United States
Frequently Asked Questions
Rising Aircraft Production driving the need for uniaxial diffusion bonding furnace market, the aircraft manufacturing industry has been witnessing constant pressure from the commercial aviation sector to deliver the required volumes of aircraft fleet of various models. The growing demand for aircraft fleets among the commercial airlines is due to the surging number of low-cost carriers (LCCs) and fleet expansion strategies adopted by the full-service carriers (FSCs). The aircraft manufacturers, such as Airbus and Boeing, are receiving increasing order volumes and adding substantial fleets due to the growing number of LCCs.
The North America and Europe uniaxial diffusion bonding furnace market was estimated to be US$ 140.46 million in 2022 and is expected to grow at a CAGR of 7.5%, during the forecast period 2022 - 2028.
Rise in rocket and missile procurement, titanium, and titanium alloys have experienced a rise in adoption for the manufacturing of rocks and missiles owing to its features such as light weight, high tensile strength, ability to withstand extreme temperatures, and extraordinary corrosion resistance. The global defense sector is experiencing a rapid rise in procurement of rockets and missiles.
The key players, holding majority shares, in uniaxial diffusion bonding furnace market includes Ipsen, TAV Vacuum Furnaces, PVA TePla AG, TWI Ltd, and AVS Inc.
North America is the fastest growing regional market, followed by Europe.
US and Germany are expected to register high growth rates during the forecast period.
The US held the largest market share in 2021, followed by Germany.
The incremental growth, expected to be US$ 45.28 million for the uniaxial diffusion bonding furnace market during the forecast period of 2022-2028.
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The List of Companies - North America and Europe Uniaxial Diffusion Bonding Furnace Market
- BIONICS SCIENTIFIC TECHNOLOGIES (P) LTD.
- Carbolite Gero Ltd.
- Gadda Industrie Srl
- Norican Group
- Wilhelm ALTE GmbH
- shikovi Heat gen Technologies Pvt.Ltd.
- HTS Vacuum Furnaces
- Ami Industries
- Plansee SE
- Jiangsu Shunfeng Metallurgical Machinery Manufacturing Co., Ltd
- Topcast
- Maestri Srl
- Vaccum process engineering
- Harper International Corp.
- Centrotherm
- BTU
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