Sintered Steel : Critical Driver Shaping the Automotive Sector Expansion Fueling Growth In The Sintered Steel Market Market in 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Sintered Steel Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for sintered steel has seen stable expansion in recent times. The market is predicted to rise from a value of $16.44 billion in 2024 to $16.92 billion in 2025, indicating a compound annual growth rate (CAGR) of 2.9%. The increase during the historical period can be credited to a surge in demand for lightweight yet high-performing materials, the widespread use of sintered steel in the automotive sector, the burgeoning manufacturing and industrial sector, the requirement for robust and long-lasting materials, and the growth of the electronics industry.

Sintered Steel Market Size Forecast: What's the Projected Valuation by 2029?
In the upcoming years, the sintered steel market is anticipated to witness consistent expansion. It is projected to reach $19.94 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 4.2%. The surge throughout the forecasted timeframe can be ascribed to the expanding electric vehicle (EV) industry, increased demand in the aerospace sector, requirements from the renewable energy sector, progression in additive manufacturing, and oil and gas exploration. The main trends to look out for during the forecast period involve advancements in powder metallurgy, the incorporation of avant-garde alloys, digitalization and industry 4.0, application in 5g technology, and up-and-coming technological progress in the powder metallurgy industry.

View the full report here:
https://www.thebusinessresearchcompany.com/report/sintered-steel-global-market-report

What Are the Drivers Transforming the Sintered Steel Market?
The automotive sector's growth and the rising need for unique designs are fueling the expansion of the sintered steel market. The elements of electrification, autonomy, connectivity, and sharing will hasten innovation in the automotive sector. The accelerated pace of innovation, especially in software-oriented systems, necessitates that cars remain updateable. Sintered components have applications in the car industry where they are replacing current forged metal parts. For instance, in August 2023, the Board of Governors of the Federal Reserve System, a US Government agency, reported that the total vehicle production in the United States climbed to 11.77 million units in July, a rise from 10.91 million units in June. The burgeoning automotive sector and the escalating demand for innovative designs will propel the sintered steel market's advancement.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5678&type=smp

What Are the Key Trends Driving Sintered Steel Market Growth?
Significant players in the sintered steel market are placing a priority on creating novel processing techniques such as metal injection moulding to cater to the necessity for large-scale production of tiny, intricate metal elements. Metal injection moulding integrates plastic injection moulding principles with powder metallurgy to produce small, complex metal pieces with utmost precision and efficacy. For instance, in June 2024, Desktop Metal, a technology firm based in the US, introduced PureSinter Furnace. This high-purity, single-run debinding and sintering system is engineered to handle metal parts produced through additive manufacturing procedures like bound metal deposition and binder jetting, as well as traditional methods like metal injection molding (MIM) and press and sinter. The exceptional design of this system addresses conventional sintering contamination problems by having hot walls to prevent accumulation and provide a sealed atmosphere for improved purity and efficiency. The system's capacity to reach 1,420°C makes it compatible with a range of gases such as argon, nitrogen, forming gas, and air. Furthermore, its sophisticated cooling system removes the necessity for water cooling.

Which Segments in the Sintered Steel Market Offer the Most Profit Potential?
The sintered steel market covered in this report is segmented -

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

Subsegments:
1) By Stainless Steel: Austenitic Stainless Steel, Ferritic Stainless Steel, Martensitic Stainless Steel
2) By Carbon Steel: Low Carbon Steel, Medium Carbon Steel, High Carbon Steel
3) By Alloy Steel: Low-Alloy Steel, High-Alloy Steel
4) By Tool Steel: High-Speed Steel (HSS), Cold Work Tool Steel, Hot Work Tool Steel

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=5678&type=smp

Which Firms Dominate the Sintered Steel Market by Market Share and Revenue in 2025?
Major companies operating in the sintered steel market include 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

Which Regions Offer the Highest Growth Potential in the Sintered Steel Market?
Asia-Pacific was the largest region in the sintered steel market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the sintered steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5678

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.