Sintered Steel Market by Steel Type (Alloy Steel, Carbon Steel, Stainless Steel), Process (Additive Manufacturing, Conventional Manufacturing, Metal Injection Molding), End-User, Application - Global Forecast 2024-2030

Sintered Steel Market by Steel Type (Alloy Steel, Carbon Steel, Stainless Steel), Process (Additive Manufacturing, Conventional Manufacturing, Metal Injection Molding), End-User, Application - Global Forecast 2024-2030

The Sintered Steel Market size was estimated at USD 28.13 billion in 2023 and expected to reach USD 29.44 billion in 2024, at a CAGR 4.76% to reach USD 38.97 billion by 2030.

The sintered steel encompasses powdered metal components made through a sintering process that heats metal powders below their melting point to create solid objects with unique properties such as enhanced strength, wear resistance, and thermal conductivity. The increasing demand for high-performance materials in the automotive and aerospace sectors, advancements in powder metallurgy technology, and rising environmental concerns pushing industries toward sustainable manufacturing processes have improved the demand for sintered steel products in recent years. However, challenges such as the higher cost of metal powders compared to conventional materials and reluctance among some industries to adopt new technologies may impede market expansion. Despite these limitations, continuous research and development efforts are expected to create new opportunities for sintered steel applications by integrating additive manufacturing technologies including 3D printing with powder metallurgy or exploring novel applications in emerging sectors such as renewable energy infrastructure or advanced robotics.

Regional Insights

In the Americas region, the thriving automotive industry contributes to significant demand for sintered steel in applications, including transmission systems and engine components. Continuous research and development efforts, coupled with investments in advanced manufacturing processes and sustainable materials, support the market demand in the region. In the EMEA region, EU countries also exhibit a strong industrial base that relies on high-quality materials, including sintered steel, for various applications in applicable sectors. Further, strict environmental regulations encourage companies to invest in sustainable manufacturing processes, spurring innovation in sintered steel production. The Asia-Pacific region depicts an opportunistic growth prospect for the market owing to impressive manufacturing capabilities from major economies catering to domestic and international demands. Government emphasis on technological innovation results in increased patent filings and cutting-edge production techniques for sintered steel. Japan's highly developing automotive and electronics industries create significant demand for advanced materials such as sintered steel.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Sintered Steel Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Growing need to manufacture metal parts with reduced wastage and high accuracy
• Increasing demand for innovative designs and fuel efficient vehicles in automotive sector
• Rising construction activities and need for environmental friendly product

Market Restraints

• Volatile raw material prices

Market Opportunities

• Ongoing technological innovations and advancements in powder metallurgy sector
• Increasing demand for electric vehicles

Market Challenges

• Dearth of awareness across few sectors

Market Segmentation Analysis

• Steel Type: Alloy steel suitability for automotive components & construction materials
• Process: Convenient conventional manufacturing for large-scale production & lower per-unit costs
• End-User: Proliferation of sintered steel in automotive manufacturing and aerospace industries due to lightweight properties
• Application: Adoption of sintered steel in chassis manufacturing for excellent rigidity and stability

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Sintered Steel Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Sintered Steel Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Nexa3D Adds Metal 3D Printing Capabilities with ColdMetalFusion, Partners with Headmade Materials

Nexa3D, a provider of ultrafast polymer 3D printing technology, has expanded its offerings into the sintering-based metal additive manufacturing realm with the introduction of ColdMetalFusion. This breakthrough technology enables customers to manufacture metal components using Nexa3D's high-throughput SLS printers. To further support the metal manufacturing needs of customers, Nexa3D has established a strategic collaboration with Headmade Materials, providing access to services, equipment, materials, software, and expertise.

Primetals Technologies And Posco To Develop New Green Steel Demonstration Plant

Primetals Technologies and POSCO, a South Korean steel producer, have signed a agreement to collaborate on the development of a demonstration plant for the production of hydrogen-based hot metal using Sintered Steel technology. Both companies are committed to creating a new success story through the development and construction of the HyREX demonstration plant.

Keystone Powdered Metal to Merge with Engineered Sintered Components Co.

Keytone Powdered Metal Co. and Engineered Sintered Components Co., affiliates of Sumitomo Electric Industries, have announced a planned merger to capitalize on synergies that strengthen the product/process portfolio and technical expertise in powder metal components for the North American automotive, outdoor power equipment, and industrial equipment markets. After the merger, the combined entity retained the name Keystone Powdered Metal Company.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Sintered Steel Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Sintered Steel Market, highlighting leading vendors and their innovative profiles. These include AMES Sintered Metallic Components, ArcelorMittal S.A., ASCO Sintering Co., Capstan Inc., CNPC Powder North America Inc., Erasteel India Private Limited, Federal-Mogul Goetze Limited, Fine Sinter Co. Ltd., GKN PLC by Melrose Industries PLC, Höganäs AB, Miba AG, NIPPON STEEL Chemical & Material Co., Ltd., Outokumpu Oyj, Pacific Sintered Metals by PSM Industries, Inc., Pometon S.p.A., POSCO Co., Ltd., Resonac Holdings Corporation, Sandvik AB, Schunk GmbH, Showa Denko Materials Co., Ltd., Sintercom India Limited, Sintex A/S, SMC Corporation, Sumitomo Electric Industries, Ltd., and thyssenkrupp Materials Trading GmbH.

Market Segmentation & Coverage

This research report categorizes the Sintered Steel Market to forecast the revenues and analyze trends in each of the following sub-markets:

Steel Type

• Alloy Steel
• Carbon Steel
• Stainless Steel
• Tool Steel
• Process
• Additive Manufacturing
• Conventional Manufacturing
• Metal Injection Molding
• Powder Forged Manufacturing
• End-User
• Electrical
• Industrial
• Transportation

Application

• Bodies
• Chassis
• Drivetrains
• Electrical Appliances
• Engines
• Transmissions

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

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