North America and Europe Uniaxial Diffusion Bonding Furnace Market Size and Analysis by 2028

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

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Impact of COVID-19 Pandemic on Uniaxial Diffusion Bonding Furnace Market

The US and other North American countries were severely impacted due to the COVID-19 pandemic. The manufacturing sectors across the region were operating at a low capacity to combat the virus's infection spread, resulting in low production volume in the first two quarters of 2020. The decrease in production volume across aerospace, automotive, and tools & die industries owing to the lack of labour shortage and supply chain disruption negatively impacted dropped the demand for uniaxial diffusion bonding furnaces. The region is a home to several uniaxial diffusion bonding furnace market players. These companies witnessed a decrease in production volume in 2020 owing to supply chain disruptions, which lead to a delayed the supply of raw materials and other components. However, the normalization of the economy and reopening of trade borders aided the market in reviving since Q3 of 2020.

Lucrative Regions for Uniaxial Diffusion Bonding Furnace Market

Uniaxial Diffusion Bonding Furnace Market – by Region, 2021 and 2028

Source: The Insight Partners Analysis

Market Insights – Uniaxial Diffusion Bonding Furnace Market

Rising Rocket and Missile Procurement to Drive Growth of Uniaxial Diffusion Bonding Furnace Market in Future

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 the procurement of rockets and missiles. A few of them include:

• In December 2022, Japan’s Ministry of Defense (MoD) announced its intentions to procure Tomahawk cruise missiles under its initiative to boost the country’s Self-Defense Forces (JSDF) counterstrike capabilities. The MOD is expected to acquire around 500 Tomahawk missiles from the US from 2023 to 2027.
• In November 2022, the US army awarded a contract worth US$ 14.357 million to Lockheed Martin to increase their supply of High Mobility Artillery Rocket System.
• In October 2022, the Dutch government announced its investment of US$ 3.44 billion in military procurements. This fund will also be utilized to acquire rocket artillery system and 10 howitzer cannons.

Thus, the rising procurement of rockets and missiles is increasing the production of the same. This is expected to propel the demand for diffusion bonding furnace, which would bolster the growth of the uniaxial diffusion bonding furnace market during the forecast period.

Application-Based uniaxial diffusion bonding furnace Market Insights

Based on application, the uniaxial diffusion bonding furnace market is bifurcated into aerospace, automotive, medical, energy & power, tools and dies, and others. The aerospace segment accounted for the largest market share in 2021. Uniaxial diffusion bonding process is extensively used in aerospace industry to integrate composites to advanced alloys for functional, structural, and thermal management applications such as fuel cells, heat exchangers, gas turbines, fuel injectors, and other systems.

Players operating in the uniaxial diffusion bonding furnace market mainly adopt inorganic growth strategies to stay competitive in the market ecosystem.

• In September 2022, Centorr Vacuum Industries announced that it is building six (6) furnaces in its Workhorse product line for various applications in the precision processing of metals in heat treating, brazing, and annealing applications.
• In February 2022, Ipsen expanded its field service capabilities to include ultrasonic wall thickness testing for vacuum furnaces. The test helps customers verify the integrity of their chamber and determine its remaining lifespan. Vacuum chamber wall thickness testing is a service provided by Ipsen's Field Service Engineers using ultrasonic inspection instrument. This method requires only the removal of a small amount of paint at each desired test point.

North America and Europe Uniaxial Diffusion Bonding Furnace Market Regional Insights

The regional trends and factors influencing the North America and Europe Uniaxial Diffusion Bonding Furnace Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses North America and Europe Uniaxial Diffusion Bonding Furnace Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

North America and Europe Uniaxial Diffusion Bonding Furnace Market Report Scope

North America and Europe Uniaxial Diffusion Bonding Furnace Market Players Density: Understanding Its Impact on Business Dynamics

The North America and Europe Uniaxial Diffusion Bonding Furnace Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.