Sintered Steel

Sintered Steel

Global Sintered Steel Market to Reach US$182.9 Million by 2030

The global market for Sintered Steel estimated at US$134.6 Million in the year 2023, is expected to reach US$182.9 Million by 2030, growing at a CAGR of 4.5% over the analysis period 2023-2030. Automotive Application, one of the segments analyzed in the report, is expected to record a 4.4% CAGR and reach US$129.7 Million by the end of the analysis period. Growth in the Machinery & Tools Application segment is estimated at 4.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$36.4 Million While China is Forecast to Grow at 7.5% CAGR

The Sintered Steel market in the U.S. is estimated at US$36.4 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$38.6 Million by the year 2030 trailing a CAGR of 7.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.3% and 3.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Global Sintered Steel Market - Key Trends and Drivers Summarized

How Is Sintered Steel Reshaping Modern Manufacturing?

Sintered steel is a key material in powder metallurgy, known for its high strength, wear resistance, and cost-effectiveness. Produced by compacting and heating metal powders to form a solid mass, sintered steel is widely used in industries such as automotive, aerospace, machinery, and electronics. It offers advantages like reduced waste, precise shape control, and enhanced mechanical properties, making it an ideal choice for manufacturing complex components such as gears, bearings, and engine parts. As industries seek sustainable and efficient production methods, sintered steel is gaining traction as a critical material for both mass production and specialized applications.

What Are the Key Segments in the Sintered Steel Market?

Major types include alloyed sintered steel, stainless sintered steel, and soft magnetic sintered steel, with alloyed sintered steel holding the largest market share due to its enhanced strength and versatility in automotive and machinery applications. Key applications cover gears, bearings, structural parts, and magnetic components, with gears representing a significant segment as sintered steel provides excellent wear resistance and load-bearing capacity. End-user industries include automotive, aerospace, industrial machinery, and electronics, with the automotive sector leading the market due to its extensive use of sintered components in engines, transmissions, and chassis systems.

How Is Sintered Steel Being Integrated Across Various Industries?

In the automotive industry, sintered steel is used in manufacturing gears, engine components, and exhaust systems, where its strength, wear resistance, and cost-efficiency contribute to improved performance and fuel efficiency. The aerospace sector employs sintered steel for lightweight structural components, turbine parts, and landing gear systems, benefiting from the material`s high strength-to-weight ratio and precision. In the machinery industry, sintered steel components are utilized in hydraulic systems, compressors, and power tools, providing durability and reduced maintenance needs. The electronics industry uses sintered steel in soft magnetic components, which are essential for electromagnetic applications like transformers and inductors. Additionally, advancements in powder metallurgy, such as 3D printing and additive manufacturing, have expanded the potential of sintered steel in producing complex, custom-designed parts with minimal material waste.

What Factors Are Driving the Growth in the Sintered Steel Market?

The growth in the Sintered Steel market is driven by several factors, including the increasing demand for lightweight, high-strength materials across automotive, aerospace, and machinery sectors. The rise of electric vehicles (EVs) has accelerated the adoption of sintered steel components in engines, transmissions, and braking systems, where efficiency and durability are critical. Advancements in powder metallurgy, such as improved alloy compositions and additive manufacturing, have enhanced the mechanical properties and production capabilities of sintered steel, supporting broader applications. The focus on sustainable manufacturing processes, which emphasize material efficiency and waste reduction, has further fueled demand for sintered steel. Additionally, growing investments in infrastructure and industrial automation have expanded the use of sintered steel in heavy machinery, robotics, and power tools, contributing to market growth.

Select Competitors (Total 42 Featured) -

• Acerinox S.A.
• AMES Sintering Metallic Components
• Aperam
• ArcelorMittal
• ASCO Sintering
• GKN PLC
• Hitachi Chemical
• JSCMS
• Mirach Metallurgy Co., Ltd.
• Nippon Steel Corporation
• Outokumpu
• POSCO
• RTI Industries
• Samvardhana Motherson
• Sandmeyer Steel Company
• Sandvik AB
• Schmolz+Bickenbach AG
• Schunk Sinter Metals
• Sintercom India
• Sumitomo Electric Industries
• Synalloy Corporation
• The Miba Group
• thyssenkrupp Stainless GmbH
• Viraj Profiles Limited

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