Sintered Steel Global Market: Exploring Growth Drivers, Key Players, Trends, and Forecast for 2024-2029

Unraveling the potential of the Sintered Steel Market in the light of burgeoning demand in lightweight automotive structures and advancements in powder metallurgy.

What Is The Projected Market Size Of The Global Sintered Steel Market And Its Growth Rate?

• 2024 Market Size: $16.44 billion
• 2025 Market Size: $17.23 billion (4.8% CAGR)
• 2029 Market Size: $20.7 billion (4.7% CAGR)

The historic growth has been driven by the demand for strong and lightweight materials, high-performance metals, and increased adoption of sintered steel in the automotive sector, to name a few. Emerging opportunities include global EV market growth, demand in the aerospace and renewable energy sectors, advancements in additive manufacturing, and oil and gas exploration.

What Is Driving The Growth In The Sintered Steel Global Market?

The expansion of the automotive sector and increasing demand for innovative designs are contributing to the growth of the sintered steel market. With the concepts of electrified, autonomous, connected, and shared mobility gaining momentum, innovation is sparking within the automotive sector at a rapid pace. With this, the speed of innovation, especially in software-based systems, underscores the need for upgradable cars. Consequently, sintered components are finding numerous applications within the automotive industry, replacing forged metal parts. For instance, in August 2023, vehicle production in the United States ramped up to 11.77 million units, indicating the fast-paced expansion of the automotive sector and, in turn, driving the growth of the sintered steel market.

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Who Are the Key Players Driving Sintered Steel Global Market Growth?

• CNPC Powders Inc.
• Guest Keen & Nettlefolds Ltd.
• Samvardhana Motherson International Ltd.
• Hitachi Chemical Co. Ltd.
• The Miba Group AG
• ASCO Sintering Co.
• Sintercom India Ltd.
• AMES BARCELONA SINTERING S. A.
• Schunk Sinter Metals GmbH
• CNPC Powders Inc.
• Erasteel Ltd.
• Advanced Technology (Bazhou) Special Powder Ltd.
• Hoganas AB
• Polema JSC
• Sintered Metal Corporation
• Posco India Pvt. Ltd.
• Nippon Steel Corporation
• Outokumpu Oyj
• ArcelorMittal SA
• Schmolz+Bickenbach AG
• Thyssenkrupp Stainless AG
• Acerinox S. A.
• Mirach Metallurgy Co.
• SSI Sintered Specialties LLC
• Mechanical and Chemical Industry Corporation
• Atlas Pressed Metals
• Technymon Global Bearing Technologies S. r. l
• Federal-Mogul Goetze Limited
• Resonac Corp.
• Stackpole International Ltd.
• Tungsten Heavy Powder Inc.
• Umicore S. A.
• VAC AERO International Inc.,
• Valtimet Oy.

What Are The Key Trends In The Sintered Steel Global Market?

• Advancements in powder metallurgy
• Integration of advanced alloys
• Digitalization and Industry 4.0
• Application in 5G technology
• Emerging technological advancements in the powder metallurgy industry

What Are The Segments Of The Global Sintered Steel Global Market?

• By Type: Stainless Steel, Carbon Steel, Alloy Steel, Tool Steel
• By Process: Metal Injection Molding (MIM), Conventional Manufacturing, Powder Forging Manufacturing, Additive Manufacturing
• By Application: Engines, Transmissions, Body, Chassis, Drivetrain, Electrical, Other Applications
• By End-User Industry: Transportation, Industrial, Electrical, Other End-Users

Which Region Leads The Sintered Steel Global Market?

Asia-Pacific held the lion's share in the sintered steel market in 2024 and is expected to be the fastest-growing region during the forecast period. The report covers major regions including Western Europe, Eastern Europe, North America, South America, Middle East, Africa, along with Asia-Pacific.

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What Is Covered In The Sintered Steel Global Market Global Market Report?

- Market Size Analysis: Analyze the Sintered Steel Global Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Sintered Steel Global Market for effective categorization.

- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall Sintered Steel Global Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Sintered Steel Global Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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