New Sinter Plant Market Research 2021-2025 | Post-pandemic Market Planning Structure | Technavio

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The new sinter plant market research from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.

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Technavio has announced its latest market research report titled Global Sinter Plant Market 2021-2025 (Graphic: Business Wire)

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"One of the primary growth drivers for this market is the improvement in sinter technology," says a senior analyst for the industrials industry at Technavio. The market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. As the markets recover, Technavio expects the sinter plant market size to grow by USD 779.78 million during the period 2021-2025.

Sinter Plant Market Segment Highlights for 2020

  • The sinter plant market is expected to post a year-over-year growth rate of 7.30%.

  • Based on the product, the MHMG system saw maximum growth in 2020. Material handling, mixing, and granulation (MHMG) system is the fastest-growing product segment of the sinter plant market.

  • The growth of the market segment will be significant during the forecast period.

Regional Analysis

  • 55% of the growth will originate from the APAC region.

  • The rising requirement for steel is one of the prime factors that will facilitate the sinter plant market growth in APAC over the forecast period.

  • India and China are the key markets for sinter plants in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

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Notes:

  • The sinter plant market size is expected to accelerate at a CAGR of over 9% during the forecast period.

  • The sinter plant market is segmented by product (MHMG system, Sinter machine, WGR system, and SCS system) and geography (APAC, Europe, North America, MEA, and South America).

  • The market is fragmented due to the presence of many established vendors holding significant market share.

  • The research report offers information on several market vendors, including China Metallurgical Engineering & Project Corp., Gillanders Arbuthnot and Co. Ltd., IMASA INGENIERIA Y PROYECTOS SA, Kanikavan Shargh Engineering Co., Larsen and Toubro Ltd., McNally Bharat Engineering Co. Ltd., MECON Ltd., Metallurgical Corp. of China Ltd., Metso Corp., and Shandong Province Metallurgical Engineering Co. Ltd.

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