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Global Sintered Steel Market by Type (Stainless Steel, Carbon Steel, Alloy Steel, Tool Steel), Process (Metal Injection Moulding, Additive Manufacturing, Conventional Manufacturing), End-use, Application, & Region - Forecast 2028

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    Report

  • 259 Pages
  • July 2023
  • Region: Global
  • Markets and Markets
  • ID: 4846992
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Emerging Technological Advancements in Powder Metallurgy Industry Presents Opportunities

The global sintered steel market is estimated to be USD 24.4 billion in 2023 and is projected to reach USD 29.5 billion by 2028, at a CAGR of 3.9% between 2023 and 2028. The sintered steel market encompasses the worldwide industry involved in the manufacturing, distribution, and trade of sintered steel products. Sintering is a production process that involves compacting and shaping powdered materials at high temperatures and pressures, without completely melting them. Sintered steel, produced through this method, is characterized by its strength, wear resistance, and dimensional accuracy. It finds applications in diverse sectors such as automotive, aerospace, machinery, power generation, and consumer goods. Popular sintered steel products include gears, bearings, pistons, engine components, cutting tools, and various parts for appliances and electronics.

The growth and dynamics of the sintered steel market are influenced by factors such as industrial expansion, technological advancements, and demand from end-use industries. The market is primarily driven by the demand for lightweight and cost-effective materials, the increasing need for high-performance components, and the growing environmental concerns. It is a competitive market, with numerous global manufacturers and suppliers.

The future prospects for the sintered steel market remain positive due to its inherent advantages over traditional materials, ongoing research and development activities, and the continuous growth of end-use sectors. However, the market dynamics can be influenced by factors such as fluctuating prices of raw materials, regulatory changes, and the emergence of alternative materials.

Electrical sector to be the fastest growing end-use sector during the forecast period

Sintered steel is crucial in the electrical industry due to its unique properties and diverse applications. It provides reliable electrical connections with its excellent conductivity and endurance. Its superior magnetic qualities make it an ideal core material for transformers and inductors, ensuring efficient energy transfer. Sintered steel is used in special electric motors, electromagnetic device cores, and electronic components, offering high permeability, low magnetic coactivity, and suitable hardness and ductility for machine vibrations. It finds application in electrical motor components, electronic devices, appliances, and household equipment, providing strength and dimensional stability. Sintered steel is also utilized in electrical switches and circuit breakers, offering durability and reliability. Overall, the versatility and reliability of sintered steel make it indispensable in the electrical sector, supporting the efficient operation of various electrical devices and systems.

The engines segment is projected to be the largest growing application segment

Sintered steel is integral to engines, providing various applications and significant advantages. It is widely used in the manufacturing of engine components such as pulleys, gears, camshafts, sprockets, crankshafts, and valve train parts. By offering exceptional strength, wear resistance, and durability, sintered steel ensures optimal engine performance and efficient power transmission. Its dimensional accuracy and reliability contribute to smooth and effective engine operation. Sintered steel is a critical component in the automotive industry, enhancing engine effectiveness, reducing weight, improving fuel efficiency, and prolonging component lifespan.

APAC accounts for the largest share in the sintered steel market by region

In 2022, APAC held the largest market share in the Sintered steel Market, followed by North America and Europe. Emerging economies like India and China are projected to drive demand due to the growth of the automotive and electrical industries. The market is expected to expand further due to rapid economic growth and government initiatives promoting sustainable manufacturing solutions. APAC is the fastest-growing region economically and in terms of population. It accounted for a significant portion of global GDP and GDP growth in the past decade. The region's large population creates a substantial customer base for automotive, industrial, electrical and construction end-use sectors, driving the growth of the sintered steel market.

Breakup of Primaries

Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments and information gathered through secondary research. The break-up of primary interviews is given below:

  • By Company Type - Tier 1 - 30%, Tier 2 - 50%, and Tier 3 - 20%
  • By Designation - C level Executives - 40%, Director level - 20%, and Others* - 40%
  • By Region - North America - 20%, Asia-Pacific - 40%, Europe - 20%, South America - 15%, and Middle East & Africa - 5%

Notes: *Others include sales, marketing, and product managers.

Notes: Tier 1: >USD 5 Billion; Tier 2: USD 1 Billion- USD 5 Billion; and Tier 3: <USD 1 Billion

Companies Covered: The companies profiled in this market research report include Sumitomo Electric Industries Limited (Japan), GKN Powder Metallurgy (UK), Samvardhana Motherson Group (India), Resonac (Japan), The Miba Group (US), ASCO Sintering Co. (US), Schunk Sinter Metals (Germany), AMES Sintering Metallic Components (Spain), and Sintercom India Ltd. (India) and others.

Research Coverage

The market study covers the sintered steel market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, process, application, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the sintered steel market.

Key Benefits of Buying the Report

The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall sintered steel Market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Cost-effectiveness, excellent physical properties and increased product shelf life, Growing population and increasing urbanization, Increasing demand form end-use industries, and Expansion of e-commerce industry), restraints (Volatile prices of raw materials, Easy availability of substitutes) opportunities (Upcoming regulations and government support), and challenges (Recyclability of aluminum foils) influencing the growth of the sintered steel market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the sintered steel market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the sintered steel market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the sintered steel market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Sumitomo Electric Industries Limited (Japan), GKN Powder Metallurgy (UK), Samvardhana Motherson Group (India), Resonac (Japan), The Miba Group (US), ASCO Sintering Co. (US), Schunk Sinter Metals (Germany), AMES Sintering Metallic Components (Spain), and Sintercom India Ltd. (India) among others in the sintered steel market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
Figure 1 Sintered Steel Market Segmentation
1.3.1 Regional Scope
1.3.2 Years Considered
1.4 Currency Considered
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
Figure 2 Sintered Steel Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
Figure 3 Sintered Steel Market: Bottom-Up Approach
2.2.2 Top-Down Approach
Figure 4 Sintered Steel Market: Top-Down Approach
2.3 Data Triangulation
Figure 5 Sintered Steel Market: Data Triangulation
2.4 Assumptions
2.5 Limitations
2.6 Impact of Recession
2.7 Summary of Changes
3 Executive Summary
Figure 6 Carbon Steel Type Segment Projected to Dominate Sintered Steel Market During Forecast Period
Figure 7 Transportation End Use Sector Projected to Dominate Sintered Steel Market During Forecast Period
Figure 8 Engines Application Segment Projected to Lead Sintered Steel Market During Forecast Period
Figure 9 Asia-Pacific Market to Grow at Highest CAGR During Forecast Period
4 Premium Insights
4.1 Attractive Opportunities in Sintered Steel Market
Figure 10 Asia-Pacific to Lead Sintered Steel Market During Forecast Period
4.2 Asia-Pacific: Sintered Steel Market, by Steel Type and Country
Figure 11 China Was Largest Market for Sintered Steel in Asia-Pacific in 2022
4.3 Sintered Steel Market, by Steel Type
Figure 12 Carbon Steel Type Segment Projected to Lead Sintered Steel Market During Forecast Period
4.4 Sintered Steel Market, by Application
Figure 13 Engines Segment Projected to be Largest Application in Sintered Steel Market
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 14 Drivers, Restraints, Opportunities, and Challenges in Sintered Steel Market
5.2.1 Drivers
5.2.1.1 Growing Automotive Industry
5.2.1.2 Growing Manufacturing & Industrial Sector
5.2.1.3 Environmental Sustainability
5.2.2 Restraints
5.2.2.1 Volatile Raw Material (Metal Powders) Prices
5.2.2.2 Competition from Alternative Materials
5.2.3 Opportunities
5.2.3.1 Growing Electric Vehicle (EV) Market
5.2.3.2 Emerging Technological Advancements in Powder Metallurgy Industry
5.2.4 Challenges
5.2.4.1 Low Awareness About Powder Metallurgy Technology
5.2.4.2 Limitations in Achieving Specific Mechanical Properties
5.3 Porter's Five Forces Analysis
Figure 15 Porter's Five Forces Analysis
Table 1 Sintered Steel Market: Porter's Five Force Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Threat of New Entrants
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Value Chain Analysis
Figure 16 Production Process Contributes Highest Value to Overall Price of Sintered Steel
5.5 Trends/Disruptions Impacting Customers' Businesses
5.5.1 Revenue Shift & New Revenue Pockets for Sintered Steel Manufacturers
Figure 17 Revenue Shift for Sintered Steel Manufacturers
5.5.2 Revenue Shift for Sintered Steel Players
5.6 Tariff and Regulatory Landscape Analysis
5.6.1 International Organization for Standardization (ISO)
5.6.2 U.S. International Trade Commission (USITC)
5.7 Regulatory Bodies and Government Agencies
5.7.1 Regulatory Bodies, Government Agencies, and Other Organizations
5.7.1.1 The Environmental Protection Agency (EPA)
5.7.1.2 Occupational Safety and Health Administration (OSHA)
5.8 Supply Chain Analysis
Figure 18 Supply Chain of Sintered Steel Industry
5.8.1 Raw Material Suppliers
5.8.2 Sintered Steel Manufacturers
5.8.3 Distributors and Suppliers
5.8.4 End-users
5.8.5 Recycling and Scrap Management
Table 2 Sintered Steel Market: Supply Chain
5.9 Technology Analysis
5.9.1 Direct Metal Laser Sintering (DMLS)
5.9.2 Metal Injection Molding (MIM)
5.10 Ecosystem
Table 3 Ecosystem of Sintered Steel Market
5.11 Key Stakeholders & Buying Criteria
5.11.1 Key Stakeholders in Buying Process
Figure 19 Influence of Stakeholders on Buying Process for Key Applications
Table 4 Influence of Stakeholders on Buying Process for Key Applications (%)
5.11.2 Buying Criteria
Figure 20 Key Buying Criteria for Key Applications
Table 5 Key Buying Criteria for Key Applications
5.12 Key Conferences & Events, 2023-2024
Table 6 Sintered Steel Market: Detailed List of Conferences & Events
5.13 Trade Analysis
Table 7 Iron or Steel, Export Data, HS Code: 72, 2022 (USD Million)
Table 8 Iron or Steel, Import Data, HS Code: 72, 2022 (USD Million)
5.14 Patent Analysis
5.14.1 Document Analysis
Figure 21 Granted Patents 8% of Total Count Between 2013 and 2022
Figure 22 Number of Patents Between 2013 and 2022
5.14.2 Jurisdiction Analysis
Figure 23 Number of Patents, by Jurisdiction
5.14.3 Top Companies/Applicants
Figure 24 Top Ten Companies/Applicants with Highest Number of Patents
Table 9 List of Patents by JFE Steel Corporation
Table 10 List of Patents by University of Science and Technology Beijing
Table 11 List of Patents by Central South University
Table 12 US: Patent Owners Between 2013 and 2022
5.15 Case Study
5.15.1 Powder Metallurgy Inspection
5.15.1.1 Challenge
5.15.1.2 Solution
5.15.2 Contact Fatigue and Crack Propagation Studies of Sintered Pm Steel
5.15.2.1 Challenge
5.15.2.2 Solution
5.16 Macroeconomic Overview
5.16.1 Global GDP Outlook
Table 13 World GDP Growth Projection, 2021-2028 (USD Trillion)
5.17 Pricing Analysis
Table 14 Average Selling Prices of Steel Types, by Region, 2022 (USD/Ton)
5.18 Impact of Recession: Realistic, Optimistic, and Pessimistic Scenarios
6 Sintered Steel Market, by Steel Type
6.1 Introduction
Figure 25 Carbon Steel Segment to be Fastest-Growing Steel Type Segment During Forecast Period
Table 15 Sintered Steel Market, by Steel Type, 2018-2021 (Kiloton)
Table 16 Sintered Steel Market, by Steel Type, 2022-2028 (Kiloton)
Table 17 Sintered Steel Market, by Steel Type, 2018-2021 (USD Million)
Table 18 Sintered Steel Market, by Steel Type, 2022-2028 (USD Million)
6.2 Tool Steel
6.2.1 Exceptional Strength and Ability to Maintain Sharpness
6.3 Stainless Steel
6.3.1 Designed to Manage High Pressure and Controlled Heating to Fuse Particles
6.4 Carbon Steel
6.4.1 Provides Increased Strength and Hardness to Sintered Steel Components
6.5 Alloy Steel
6.5.1 Increases Strength, Wear Resistance, and Dimensional Accuracy
7 Sintered Steel Market, by Process
7.1 Introduction
Figure 26 Metal Injection Molding (MIM) Process Segment Projected to Grow at High Rate During Forecast Period
Table 19 Sintered Steel Market, by Process, 2018-2021 (Kiloton)
Table 20 Sintered Steel Market, by Process, 2022-2028 (Kiloton)
Table 21 Sintered Steel Market, by Process, 2018-2021 (USD Million)
Table 22 Sintered Steel Market, by Process, 2022-2028 (USD Million)
7.2 Conventional Manufacturing
7.2.1 Enhances Machinability, Wear Resistance, and Lubricity of Parts
7.3 Metal Injection Molding (MIM)
7.3.1 Precise Dimensional Accuracy, Superior Surface Finish, and Fabrication of Intricate Geometries
7.4 Additive Manufacturing (AM)
7.4.1 Improved Material Utilization, Increased Productivity, and Enhanced Design and Production Flexibility
7.5 Powder Forged Manufacturing
7.5.1 Provides Increased Density and Strength to Sintered Steel Components
8 Sintered Steel Market, by End Use Sector
8.1 Introduction
Figure 27 Transportation End Use Sector to Dominate Market During Forecast Period
Table 23 Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 24 Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 25 Sintered Steel Market, by End-use Sector, 2018-2021 (USD Million)
Table 26 Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
8.2 Transportation
8.2.1 Lightweight, High-Performance, and Durable Components Ensure Production of Cost-Effective and Safe Vehicles
8.3 Industrial
8.3.1 Excellent Strength, Dimensional Stability, and Wear Resistance to Boost Market
8.4 Electrical
8.4.1 Superior Magnetic Qualities of Sintered Steel for Transformers and Inductors to Boost Market
8.5 Others
9 Sintered Steel Market, by Application
9.1 Introduction
Figure 28 Engines Segment Projected to Grow at High Rate During Forecast Period
Table 27 Sintered Steel Market, by Application, 2018-2021 (Kiloton)
Table 28 Sintered Steel Market, by Application, 2022-2028 (Kiloton)
Table 29 Sintered Steel Market, by Application, 2018-2021 (USD Million)
Table 30 Sintered Steel Market, by Application, 2022-2028 (USD Million)
9.2 Engines
9.2.1 Employed for Maximum Engine Performance and Power Transmission in Engines
9.3 Transmissions
9.3.1 Improved High-Performance Gear Applications to Drive Demand
9.4 Bodies
9.4.1 Widely Used for Weight Reduction and Dimensional Accuracy
9.5 Chassis
9.5.1 Structural Integrity and Improved Ability to Withstand Heavy Loads and Forces to Drive Demand
9.6 Drivetrains
9.6.1 Wear Resistance, Improved Durability, and Fuel Efficiency
9.7 Electrical Appliances
9.7.1 Reliable Performance and Improved Energy Efficiency to Drive Demand
9.8 Others
10 Sintered Steel Market, by Region
10.1 Introduction
Figure 29 Asia-Pacific to be Fastest-Growing Market for Sintered Steel During Forecast Period
Table 31 Sintered Steel Market, by Region, 2018-2021 (Kiloton)
Table 32 Sintered Steel Market, by Region, 2022-2028 (Kiloton)
Table 33 Sintered Steel Market, by Region, 2018-2021 (USD Million)
Table 34 Sintered Steel Market, by Region, 2022-2028 (USD Million)
10.2 Asia-Pacific
10.2.1 Impact of Recession on Asia-Pacific
Figure 30 Asia-Pacific: Sintered Steel Market Snapshot
Table 35 Asia-Pacific: Sintered Steel Market, by Country, 2018-2021 (Kiloton)
Table 36 Asia-Pacific: Sintered Steel Market, by Country, 2022-2028 (Kiloton)
Table 37 Asia-Pacific: Sintered Steel Market, by Country, 2018-2021 (USD Million)
Table 38 Asia-Pacific: Sintered Steel Market, by Country, 2022-2028 (USD Million)
Table 39 Asia-Pacific: Sintered Steel Market, by Steel Type, 2018-2021 (Kiloton)
Table 40 Asia-Pacific: Sintered Steel Market, by Steel Type, 2022-2028 (Kiloton)
Table 41 Asia-Pacific: Sintered Steel Market, by Steel Type, 2018-2021 (USD Million)
Table 42 Asia-Pacific: Sintered Steel Market, by Steel Type, 2022-2028 (USD Million)
Table 43 Asia-Pacific: Sintered Steel Market, by Process, 2018-2021 (Kiloton)
Table 44 Asia-Pacific: Sintered Steel Market, by Process, 2022-2028 (Kiloton)
Table 45 Asia-Pacific: Sintered Steel Market, by Process, 2018-2021 (USD Million)
Table 46 Asia-Pacific: Sintered Steel Market, by Process, 2022-2028 (USD Million)
Table 47 Asia-Pacific: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 48 Asia-Pacific: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 49 Asia-Pacific: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 50 Asia-Pacific: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
Table 51 Asia-Pacific: Sintered Steel Market, by Application, 2018-2021 (Kiloton)
Table 52 Asia-Pacific: Sintered Steel Market, by Application, 2022-2028 (Kiloton)
Table 53 Asia-Pacific: Sintered Steel Market, by Application, 2018-2021 (USD Million)
Table 54 Asia-Pacific: Sintered Steel Market, by Application, 2022-2028 (USD Million)
10.2.2 China
10.2.2.1 Market Growth to be Supported by Shipbuilding, Construction, Energy, and Automotive Sectors
Table 55 China: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 56 China: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 57 China: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 58 China: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.2.3 India
10.2.3.1 Automotive Sector to be Fastest-Growing, Boosting Market
Table 59 India: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 60 India: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 61 India: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 62 India: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.2.4 Japan
10.2.4.1 Technological Advancements in Construction and Automotive Sectors to Benefit Market
Table 63 Japan: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 64 Japan: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 65 Japan: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 66 Japan: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.2.5 South Korea
10.2.5.1 Emphasis on Innovation and Strong Industrial Foundation to Drive Market
Table 67 South Korea: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 68 South Korea: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 69 South Korea: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 70 South Korea: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.2.6 Thailand
10.2.6.1 Government Support and Favorable Business Environment to Drive Market
Table 71 Thailand: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 72 Thailand: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 73 Thailand: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 74 Thailand: Sintered Steel Market, by End Use E Sector, 2022-2028 (USD Million)
10.2.7 Indonesia
10.2.7.1 Industrial Sector Experiencing Gradual Growth
Table 75 Indonesia: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 76 Indonesia: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 77 Indonesia: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 78 Indonesia: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.2.8 Rest of Asia-Pacific
Table 79 Rest of Asia-Pacific: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 80 Rest of Asia-Pacific: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 81 Rest of Asia-Pacific: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 82 Rest of Asia-Pacific: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.3 North America
10.3.1 Impact of Recession on North America
Figure 31 North America: Sintered Steel Market Snapshot
Table 83 North America: Sintered Steel Market, by Country, 2018-2021 (Kiloton)
Table 84 North America: Sintered Steel Market, by Country, 2022-2028 (Kiloton)
Table 85 North America: Sintered Steel Market, by Country, 2018-2021 (USD Million)
Table 86 North America: Sintered Steel Market, by Country, 2022-2028 (USD Million)
Table 87 North America: Sintered Steel Market, by Steel Type, 2018-2021 (Kiloton)
Table 88 North America: Sintered Steel Market, by Steel Type, 2022-2028 (Kiloton)
Table 89 North America: Sintered Steel Market, by Steel Type, 2018-2021 (USD Million)
Table 90 North America: Sintered Steel Market, by Steel Type, 2022-2028 (USD Million)
Table 91 North America: Sintered Steel Market, by Process, 2018-2021 (Kiloton)
Table 92 North America: Sintered Steel Market, by Process, 2022-2028 (Kiloton)
Table 93 North America: Sintered Steel Market, by Process, 2018-2021 (USD Million)
Table 94 North America: Sintered Steel Market, by Process, 2022-2028 (USD Million)
Table 95 North America: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 96 North America: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 97 North America: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 98 North America: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
Table 99 North America: Sintered Steel Market, by Application, 2018-2021 (Kiloton)
Table 100 North America: Sintered Steel Market, by Application, 2022-2028 (Kiloton)
Table 101 North America: Sintered Steel Market, by Application, 2018-2021 (USD Million)
Table 102 North America: Sintered Steel Market, by Application, 2022-2028 (USD Million)
10.3.2 US
10.3.2.1 Consumption of Sintered Steel to Witness Fastest Growth in Electrical Segment
Table 103 US: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 104 US: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 105 US: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 106 US: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.3.3 Canada
10.3.3.1 Market Projected to Grow due to Focus on Lightweight Materials to Enhance Fuel Efficiency
Table 107 Canada: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 108 Canada: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 109 Canada: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 110 Canada: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.3.4 Mexico
10.3.4.1 Transportation and Electrical Sectors to Witness Fastest Growth in Terms of Value and Volume
Table 111 Mexico: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 112 Mexico: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 113 Mexico: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 114 Mexico: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.4 Europe
10.4.1 Impact of Recession on Europe
Table 115 Europe: Sintered Steel Market, by Country, 2018-2021 (Kiloton)
Table 116 Europe: Sintered Steel Market, by Country, 2022-2028 (Kiloton)
Table 117 Europe: Sintered Steel Market, by Country, 2018-2021 (USD Million)
Table 118 Europe: Sintered Steel Market, by Country, 2022-2028 (USD Million)
Table 119 Europe: Sintered Steel Market, by Steel Type, 2018-2021 (Kiloton)
Table 120 Europe: Sintered Steel Market, by Steel Type, 2022-2028 (Kiloton)
Table 121 Europe: Sintered Steel Market, by Steel Type, 2018-2021 (USD Million)
Table 122 Europe: Sintered Steel Market, by Steel Type, 2022-2028 (USD Million)
Table 123 Europe: Sintered Steel Market, by Process, 2018-2021 (Kiloton)
Table 124 Europe: Sintered Steel Market, by Process, 2022-2028 (Kiloton)
Table 125 Europe: Sintered Steel Market, by Process, 2018-2021 (USD Million)
Table 126 Europe: Sintered Steel Market, by Process, 2022-2028 (USD Million)
Table 127 Europe: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 128 Europe: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 129 Europe: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 130 Europe: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
Table 131 Europe: Sintered Steel Market, by Application, 2018-2021 (Kiloton)
Table 132 Europe: Sintered Steel Market, by Application, 2022-2028 (Kiloton)
Table 133 Europe: Sintered Steel Market, by Application, 2018-2021 (USD Million)
Table 134 Europe: Sintered Steel Market, by Application, 2022-2028 (USD Million)
10.4.2 Germany
10.4.2.1 Growing Manufacturing Activities to Boost Market
Table 135 Germany: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 136 Germany: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 137 Germany: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 138 Germany: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.4.3 UK
10.4.3.1 Increasing Focus on Renewable Energy to Offer Lucrative Opportunities
Table 139 UK: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 140 UK: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 141 UK: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 142 UK: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.4.4 France
10.4.4.1 Machinery and Equipment Manufacturing to Drive Market
Table 143 France: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 144 France: Sintered Steel Market, by End-use Sector, 2022-2028 (Kiloton)
Table 145 France: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 146 France: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.4.5 Italy
10.4.5.1 Government Incentives and Energy Efficiency Initiatives to Drive Market
Table 147 Italy: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 148 Italy: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 149 Italy: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 150 Italy: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.4.6 Russia
10.4.6.1 Energy Sector to Offer Attractive Opportunities for Market Growth
Table 151 Russia: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 152 Russia: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 153 Russia: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 154 Russia: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.4.7 Spain
10.4.7.1 Increasing Demand from Automotive and Machinery and Equipment Manufacturing Industries to Drive Market
Table 155 Spain: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 156 Spain: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 157 Spain: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 158 Spain: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.4.8 Rest of Europe
Table 159 Rest of Europe: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 160 Rest of Europe: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 161 Rest of Europe: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 162 Rest of Europe: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.5 South America
10.5.1 Impact of Recession on South America
Table 163 South America: Sintered Steel Market, by Country, 2018-2021 (Kiloton)
Table 164 South America: Sintered Steel Market, by Country, 2022-2028 (Kiloton)
Table 165 South America: Sintered Steel Market, by Country, 2018-2021 (USD Million)
Table 166 South America: Sintered Steel Market, by Country, 2022-2028 (USD Million)
Table 167 South America: Sintered Steel Market, by Steel Type, 2018-2021 (Kiloton)
Table 168 South America: Sintered Steel Market, by Steel Type, 2022-2028 (Kiloton)
Table 169 South America: Sintered Steel Market by Steel Type, 2018-2021 (USD Million)
Table 170 South America: Sintered Steel Market, by Steel Type, 2022-2028 (USD Million)
Table 171 South America: Sintered Steel Market, by Process, 2018-2021 (Kiloton)
Table 172 South America: Sintered Steel Market, by Process, 2022-2028 (Kiloton)
Table 173 South America: Sintered Steel Market Size, by Process, 2018-2021 (USD Million)
Table 174 South America: Sintered Steel Market, by Process, 2022-2028 (USD Million)
Table 175 South America: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 176 South America: Sintered Steel Market Size, by End Use Sector, 2022-2028 (Kiloton)
Table 177 South America: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 178 South America: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
Table 179 South America: Sintered Steel Market, by Application, 2018-2021 (Kiloton)
Table 180 South America: Sintered Steel Market, by Application, 2022-2028 (Kiloton)
Table 181 South America: Sintered Steel Market, by Application, 2018-2021 (USD Million)
Table 182 South America: Sintered Steel Market, by Application, 2022-2028 (USD Million)
10.5.2 Brazil
10.5.2.1 Well-Established Automotive Sector and Substantial Consumer Base to Drive Market
Table 183 Brazil: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 184 Brazil: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 185 Brazil: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 186 Brazil: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.5.3 Colombia
10.5.3.1 Increase in Investments in Transportation to Drive Market
Table 187 Colombia: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 188 Colombia: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 189 Colombia: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 190 Colombia: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.5.4 Rest of South America
Table 191 Rest of South America: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 192 Rest of South America: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 193 Rest of South America: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 194 Rest of South America: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.6 Middle East & Africa
10.6.1 Impact of Recession on Middle East & Africa
Table 195 Middle East & Africa: Sintered Steel Market, by Country, 2018-2021 (Kiloton)
Table 196 Middle East & Africa: Sintered Steel Market, by Country, 2022-2028 (Kiloton)
Table 197 Middle East & Africa: Sintered Steel Market, by Country, 2018-2021 (USD Million)
Table 198 Middle East & Africa: Sintered Steel Market, by Country, 2022-2028 (USD Million)
Table 199 Middle East & Africa: Sintered Steel Market, by Steel Type, 2018-2021 (Kiloton)
Table 200 Middle East & Africa: Sintered Steel Market, by Steel Type, 2022-2028 (Kiloton)
Table 201 Middle East & Africa: Sintered Steel Market, by Steel Type, 2018-2021 (USD Million)
Table 202 Middle East & Africa: Sintered Steel Market, by Steel Type, 2022-2028 (USD Million)
Table 203 Middle East & Africa: Sintered Steel Market, by Process, 2018-2021 (Kiloton)
Table 204 Middle East & Africa: Sintered Steel Market, by Process, 2022-2028 (Kiloton)
Table 205 Middle East & Africa: Sintered Steel Market, by Process, 2018-2021 (USD Million)
Table 206 Middle East & Africa: Sintered Steel Market, by Process, 2022-2028 (USD Million)
Table 207 Middle East & Africa: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 208 Middle East & Africa: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 209 Middle East & Africa: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 210 Middle East & Africa: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
Table 211 Middle East & Africa: Sintered Steel Market, by Application, 2018-2021 (Kiloton)
Table 212 Middle East & Africa: Sintered Steel Market, by Application, 2022-2028 (Kiloton)
Table 213 Middle East & Africa: Sintered Steel Market, by Application, 2018-2021 (USD Million)
Table 214 Middle East & Africa: Sintered Steel Market, by Application, 2022-2028 (USD Million)
10.6.2 Iran
10.6.2.1 Market to be Driven by Expanding Industrial Sector
Table 215 Iran: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 216 Iran: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 217 Iran: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 218 Iran: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.6.3 Turkey
10.6.3.1 Electrical Sector to be Fastest-Growing Market
Table 219 Turkey: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 220 Turkey: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 221 Turkey: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 222 Turkey: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.6.4 South Africa
10.6.4.1 Growing Industrialization and Urbanization to Boost Market
Table 223 South Africa: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 224 South Africa: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 225 South Africa: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 226 South Africa: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
10.6.5 Rest of Middle East & Africa
Table 227 Rest of Middle East & Africa: Sintered Steel Market, by End Use Sector, 2018-2021 (Kiloton)
Table 228 Rest of Middle East & Africa: Sintered Steel Market, by End Use Sector, 2022-2028 (Kiloton)
Table 229 Rest of Middle East & Africa: Sintered Steel Market, by End Use Sector, 2018-2021 (USD Million)
Table 230 Rest of Middle East & Africa: Sintered Steel Market, by End Use Sector, 2022-2028 (USD Million)
11 Competitive Landscape
11.1 Overview
Table 231 Companies Adopted Mergers & Acquisitions as Key Growth Strategy Between 2020 and 2022
11.2 Market Share Analysis
Figure 32 Market Share, by Key Player (2022)
Table 232 Sintered Steel Market: Degree of Competition
11.3 Key Companies’ Revenue Analysis
Table 233 Revenue of Top Players, 2022
11.4 Company Evaluation Matrix (Overall Market)
11.4.1 Stars
11.4.2 Pervasive Players
11.4.3 Participants
11.4.4 Emerging Leaders
Figure 33 Sintered Steel Market: Company Evaluation Matrix, 2022
11.5 Competitive Benchmarking of Overall Market
Table 234 Sintered Steel Market: Detailed List of Key Players
11.6 Strength of Product Portfolio
11.6.1 Business Strategy Excellence
11.7 Company Evaluation Matrix (Startups/SMEs)
11.7.1 Progressive Companies
11.7.2 Responsive Companies
11.7.3 Dynamic Companies
11.7.4 Starting Blocks
Figure 34 Startups and Small and Medium-Sized Enterprises (SMEs) Evaluation Matrix, 2022
11.8 Detailed List of Key Startups/SMEs
11.8.1 Competitive Benchmarking of Key Startups/SMEs
11.9 Competitive Scenario
11.9.1 Recent Developments
Table 235 Deals, 2019 to 2023
11.9.2 Other Developments
Table 236 Other Developments, 2019 to 2023 206
12 Company Profiles
12.1 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View)*
12.1.1 Sumitomo Electric Industries Limited
Table 237 Sumitomo Electric Industries Limited: Company Overview
Figure 35 Sumitomo Electric Industries Limited: Company Snapshot
12.1.2 GKN Powder Metallurgy
Table 238 GKN Powder Metallurgy: Company Overview
Figure 36 GKN Powder Metallurgy: Company Snapshot
12.1.3 Samvardhana Motherson Group
Table 239 Samvardhana Motherson Group: Company Overview
Figure 37 Samvardhana Motherson Group: Company Snapshot
12.1.4 Resonac
Table 240 Resonac: Company Overview
Figure 38 Resonac: Company Snapshot
12.1.5 The Miba Group
Table 241 The Miba Group: Company Overview
Figure 39 The Miba Group: Company Snapshot
Table 242 Products/Solutions/Services Offered
12.1.6 Asco Sintering Co.
Table 243 Asco Sintering Co.: Company Overview
12.1.7 Schunk Sinter Metals
Table 244 Schunk Sinter Metals: Company Overview
12.1.8 Ames Sintered Metallic Components
Table 245 Ames Sintered Metallic Components: Company Overview
12.1.9 Sintercom India Ltd.
Table 246 Sintercom India Ltd.: Company Overview
Figure 40 Sintercom India Ltd.: Company Snapshot
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies
12.2 Additional Players
12.2.1 SMC Corporation
Table 247 SMC Corporation: Company Overview
12.2.2 Capstan Inc.
Table 248 Capstan Inc.: Company Overview
12.2.3 Federal-Mogul Goetze (India) Limited
Table 249 Federal-Mogul Goetze (India) Limited: Company Overview
12.2.4 SSI Sintered Specialties
Table 250 SSI Sintered Specialties: Company Overview
12.2.5 Fine Sinter Co. Ltd.
Table 251 Fine Sinter Co. Ltd.: Company Overview
12.2.6 Technymon Global Bearing Technologies
Table 252 Technymon Global Bearing Technologies: Company Overview
12.2.7 Sintex Rethinking Components
Table 253 Sintex Rethinking Components: Company Overview
12.2.8 Pacific Sintered Metals
Table 254 Pacific Sintered Metals: Company Overview
12.2.9 MFS-Sintering
Table 255 MFS-Sintering: Company Overview
12.2.10 Atlas Pressed Metals
Table 256 Atlas Pressed Metals: Company Overview
12.2.11 Allied Sinterings, Inc.
Table 257 Allied Sinterings, Inc.: Company Overview
12.2.12 Alpha Precision Group
Table 258 Alpha Precision Group: Company Overview
12.2.13 Coldwater Sintered Metal Products
Table 259 Coldwater Sintered Metal Products: Company Overview
12.2.14 Phoenix Sintered Metals
Table 260 Phoenix Sintered Metals: Company Overview
12.2.15 Callo Sintermetall AB
Table 261 Callo Sintermetall AB: Company Overview
12.2.16 Precision Sintered Metals
13 Adjacent and Related Markets
13.1 Introduction
13.2 Limitations
13.3 Iron & Steel Market
13.3.1 Market Definition
13.3.2 Iron & Steel Market, by Type
Table 262 Iron & Steel Market, by Type, 2020-2027 (USD Billion)
Table 263 Iron & Steel Market Size, by Type, 2020-2027 (Million Ton)
13.3.3 Steel Market, by Production Technology
Table 264 Steel Market, by Production Technology, 2020-2027 (Million Ton)
13.3.4 Iron & Steel Market, by End-use Industry
Table 265 Iron & Steel Market, by End-use Industry, 2020-2027 (USD Billion)
Table 266 Iron & Steel Market, by End-use Industry, 2020-2027 (Million Ton)
13.3.5 Iron & Steel Market, by Region
Table 267 Iron & Steel Market, by Region, 2020-2027 (USD Billion)
Table 268 Iron & Steel Market, by Region, 2020-2027 (Million Ton)
13.4 Steel Rebar Market
13.4.1 Market Definition
13.4.2 Steel Rebar Market, by Type
Table 269 Steel Rebar Market, by Type, 2018-2020 (Million Ton)
Table 270 Steel Rebar Market, by Type, 2021-2030 (Million Ton)
Table 271 Steel Rebar Market, by Type, 2018-2020 (USD Billion)
Table 272 Steel Rebar Market, by Type, 2021-2030 (USD Billion)
13.4.3 Steel Rebar Market, by Process
Table 273 Analysis (Wt%) of BOS and EAF Steel Rebar
Table 274 Steel Rebar Market, by Process, 2018-2020 (Million Ton)
Table 275 Steel Rebar Market, by Process, 2021-2030 (Million Ton)
Table 276 Steel Rebar Market, by Process, 2018-2020 (USD Billion)
Table 277 Steel Rebar Market, by Process, 2021-2030 (USD Billion)
13.4.4 Steel Rebar Market, by Coating Type
Table 278 Steel Rebar Market, by Coating Type, 2018-2020 (Million Ton)
Table 279 Steel Rebar Market, by Coating Type, 2021-2030 (Million Ton)
Table 280 Steel Rebar Market, by Coating Type, 2018-2020 (USD Billion)
Table 281 Steel Rebar Market, by Coating Type, 2021-2030 (USD Billion)
13.4.5 Steel Rebar Market, by Bar Size
Table 282 US Rebar Size Chart
Table 283 Steel Rebar Market, by Bar Size, 2018-2020 (Million Ton)
Table 284 Steel Rebar Market, by Bar Size, 2021-2030 (Million Ton)
Table 285 Steel Rebar Market, by Bar Size, 2018-2020 (USD Billion)
Table 286 Steel Rebar Market, by Bar Size, 2021-2030 (USD Billion)
13.4.6 Steel Rebar Market, by End-use Sector
Table 287 Steel Rebar Market, by End-use Sector, 2018-2020 (Million Ton)
Table 288 Steel Rebar Market, by End-use Sector, 2021-2030 (Million Ton)
Table 289 Steel Rebar Market, by End-use Sector, 2018-2020 (USD Billion)
Table 290 Steel Rebar Market, by End-use Sector, 2021-2030 (USD Billion)
13.4.7 Steel Rebar Market, by Region
Table 291 Steel Rebar Market, by Region, 2018-2020 (Million Ton)
Table 292 Steel Rebar Market, by Region, 2021-2030 (Million Ton)
Table 293 Steel Rebar Market, by Region, 2018-2020 (USD Billion)
Table 294 Steel Rebar Market, by Region, 2021-2030 (USD Billion)
14 Appendix
14.1 Discussion Guide
14.2 KnowledgeStore: The Subscription Portal
14.3 Customization Options

Executive Summary

Companies Mentioned

  • Allied Sinterings, Inc.
  • Alpha Precision Group
  • Ames Sintered Metallic Components
  • Asco Sintering Co.
  • Atlas Pressed Metals
  • Callo Sintermetall AB
  • Capstan Inc.
  • Central South University
  • Coldwater Sintered Metal Products
  • Federal-Mogul Goetze (India) Limited
  • Fine Sinter Co. Ltd.
  • GKN Powder Metallurgy
  • JFE Steel Corporation
  • MFS-Sintering
  • Pacific Sintered Metals
  • Phoenix Sintered Metals
  • Precision Sintered Metals
  • Resonac
  • Samvardhana Motherson Group
  • Schunk Sinter Metals
  • Sintercom India Ltd.
  • Sintex Rethinking Components
  • SMC Corporation
  • SSI Sintered Specialties
  • Sumitomo Electric Industries Limited
  • Technymon Global Bearing Technologies
  • The Miba Group
  • University of Science and Technology Beijing

Methodology

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Table Information

Report AttributeDetails
No. of Pages259
PublishedJuly 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 24.4 Billion
Forecasted Market Value ( USD ) by 2028 $ 29.5 Billion
Compound Annual Growth Rate3.9%
Regions CoveredGlobal
No. of Companies Mentioned28

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About the Market

Sintered Steel is a type of Iron and Steel that is produced by a process of compressing and heating powdered metal. This process creates a strong, durable material that is used in a variety of applications, such as automotive components, industrial machinery, and medical implants. The sintering process also allows for the production of complex shapes and intricate designs. Sintered Steel is a cost-effective alternative to traditional Iron and Steel, as it requires less energy and fewer resources to produce. It is also highly resistant to corrosion and wear, making it an ideal choice for many applications. The Sintered Steel market is growing rapidly, driven by the increasing demand for high-performance materials in a variety of industries. Companies in the market include ArcelorMittal, Nippon Steel Corporation, ThyssenKrupp AG, and Voestalpine AG. Show Less Read more

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