Sintered Steel Market Size Study, By Type, Application and Regional Forecasts 2029

31.8.2023: Sintered Steel Market Witnesses Remarkable Growth and Technological Advancements

Report Scope and Methodology:

The comprehensive market report meticulously delves into the Sintered Steel Market's various facets, encompassing Types, Processes, End-users, and Applications. It includes thorough analysis of market dynamics across key regions, ensuring holistic insights. Data from 2018 to 2022 is synthesized using facts, figures, illustrations, and presentations, elucidating trends and projections. The report underscores market drivers, constraints, opportunities, and challenges, and offers strategic recommendations based on competitive analyses.

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What are Sintered Steel Market Dynamics?

The automotive industry is a primary consumer of sintered steel, driven by stringent regulations, manufacturing cost concerns, and environmental considerations. Regulations like Bharat Stage VI (BS-VI) are expected to drive opportunities for sintered components by focusing on emissions reduction. The process aligns with the manufacturing of sensor-equipped parts required by BS-VI, offering advantages in mass production. Despite its benefits, challenges like producing large parts and certain technical limitations could hinder market growth. Additionally, evolving technology might introduce alternative materials.

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Sintered Steel Market Segmentation?

Type: Stainless Steel, Carbon Steel, Alloy Steel, Tool Steel.
Process: Metal Injection Melding (MIM), Conventional Manufacturing, Additive Manufacturing.
End-user: Transportation, Industrial, Electrical, Others.
Application: Engines, Transmissions, Body, Chassis, Drivetrain, Electrical, Others.

Who are Sintered Steel Market Key Players?
1. Acerinox S.A.
2. AMES Sintering Metallic
3. Aperam
4. ArcelorMittal
5. ASCO Sintering
6. GKN PLC
7. Hitachi Chemical
8. JSCMS
9. Mirach Metallurgy Co
10. Nippon Steel
11. Outokumpu
12. POSCO
13. RTI Industries
14. Samvardhana Motherson
15. Sandmeyer Steel
16. Sandvik AB
17. Schmolz
18. Schunk Sinter Metals
19. Sintercom India
20. Sumitomo Electric
21. Synalloy Corporation
22. The Miba Group
23. thyssenkrupp Stainless
24. Viraj Profiles Limited

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Regional Insights:

The report's regional analysis reveals North America leading with a share of 27% in 2022. The automobile industry's growth is a major factor, driven by the USMCA agreement and the quest for innovation. North America remains a favorable investment destination due to zero tariffs and advanced technology. Recent developments by key players, like GKN Sinter Metals Engineering GmbH and Sumitomo Electric Industries, Ltd., underscore the market's dynamic nature and potential.

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