Sintered Steel Market Research Report 2024

Global Sintered Steel Market Synopsis

The Global Sintered Steel Market was worth USD 25.1 Billion in 2023. As such, the forecast is that the market is expected to reach USD 35.2 Billion by 2032 with a CAGR of 4.30% from 2024 to 2032.

Sintered steel is produced through powder metallurgy, where steel powder is compacted and heated just below its melting point. This process bonds the particles, creating a strong, durable material with enhanced wear resistance and mechanical properties. Sintered steel is widely used in automotive, aerospace, and industrial applications due to its cost-effectiveness and versatility.

Sintered steel, produced through a powder metallurgy process, is increasingly used across various industries due to its unique properties. Applications span the automotive, aerospace, and manufacturing sectors, where components such as gears, bearings, and structural parts benefit from their high strength and durability. This material’s ability to be moulded into complex shapes makes it ideal for precision parts that require high performance and reliability.
Its high density and mechanical strength make it resistant to wear and tear, extending the lifespan of components. Additionally, the sintering process allows for reduced waste of raw materials compared to traditional manufacturing methods. Sintered steel components often exhibit excellent dimensional accuracy, reducing the need for post-processing and enhancing overall production efficiency.
The demand for sintered steel is poised for significant growth. As industries increasingly focus on improving the efficiency and performance of their components, sintered steel offers a compelling solution. Technological advancements and growing applications in high-tech sectors will likely drive demand, positioning sintered steel as a crucial material in future manufacturing innovations.

Top Key Players Involved Are:

"Acerinox S.A. (Spain), AMES Sintering Metallic (Spain), Aperam (Luxembourg), ArcelorMittal (Luxembourg), ASCO Sintering (USA), GKN PLC (United Kingdom), Showa Denko Materials Co., Ltd (Japan), Mirach Metallurgy Co. (China), Nippon Steel (Japan), Outokumpu (Finland), POSCO (South Korea), Alcoa Corporation (USA), Samvardhana Motherson (India), Sandmeyer Steel (USA), Sandvik AB (Sweden), Swiss Steel Group (Switzerland), Schunk Sinter Metals (Germany), Sintercom India (India), Sumitomo Electric (Japan), Synalloy Corporation (USA), The Miba Group (Austria), Viraj Profiles Limited (India), Other Active Players."

Global Sintered Steel Market Trend Analysis:

Rising Automotive Industry

The automotive industry's rapid expansion significantly impacts the growth of the sintered steel market. As one of the primary consumers of sintered steel components, the demand for these materials has surged alongside the global increase in vehicle production. Sintered steel is widely used in critical vehicle systems, including engines, transmissions, brakes, steering, and fuel systems. Its versatility and cost-effectiveness make it a preferred material in automotive manufacturing.
Sintered steel is an efficient manufacturing process, which minimizes material waste and lowers production costs. This aligns well with the automotive industry's ongoing focus on cost reduction without sacrificing performance or quality. Additionally, sintered steel is highly suitable for producing lightweight components, which is increasingly important as automakers seek to improve fuel efficiency and reduce emissions. The material's ability to create complex shapes and its high performance in demanding applications further enhance its appeal.
As automakers continue to prioritize lightweight, cost efficient, and high-performance materials, sintered steel is expected to play an even more prominent role in vehicle production. This growing synergy between the automotive sector's evolving needs and the advantages offered by sintered steel is a driving force behind the expansion of the sintered steel market.

Growing Electric Vehicle (EV) Market

The rapid growth of the electric vehicle (EV) market presents substantial opportunities for the sintered steel industry. EVs require various specialized components such as electric motor cores, battery contacts, connectors, and power electronics, all of which can benefit from the properties of sintered steel. Its magnetic characteristics, high conductivity, and precise dimensional accuracy make it an ideal material for producing these critical parts.
As the EV market continues to expand, the demand for efficient and high-performance components will increase, driving the need for sintered steel solutions. This growing demand opens up new avenues for manufacturers to supply sintered steel components tailored specifically for electric vehicles.
With the automotive industry shifting towards electrification, sintered steel’s adaptability and performance in EV applications position it as a key material in this emerging market. This presents a significant growth opportunity for the sintered steel market, as manufacturers look to capitalize on the increasing popularity of electric vehicles worldwide.

Global Sintered Steel Market Segment Analysis:

The Global Sintered Steel Market is Segmented into Steel Type, Process, Application, End-User and Region.

By Steel Type, the Tool steel segment is expected to dominate the market during the forecast period.

Tool steel, a type of high-speed steel widely used in tool production, is known for its exceptional hardness, wear resistance, and toughness. It is manufactured through a near-net-shape process, where powdered tool components are pressed into the desired shape and density, minimizing the need for extensive machining. This precision method not only reduces material waste but also allows for the accurate shaping of the tool components, hot-temperature cemented carbides are added, enhancing density and ensuring an even distribution of carbides throughout the material. This leads to high-density tool steel that offers excellent gradability and performs well in demanding applications.
As demand for high-performance materials continues to rise, the sintered steel market is poised for growth. Its applications in manufacturing tools, automotive components, and industrial machinery, combined with advancements in powder metallurgy, are driving innovation in this field. This growth trend is expected to continue as industries seek materials that offer both performance and cost efficiency.

By End-User, the Electrical segment held the largest share in 2023.

The electrical segment accounted for the largest share of the sintered steel market, driven by the increasing demand for high-performance components in electrical applications. Sintered steel's unique properties, such as excellent thermal conductivity, high strength, and durability, make it an ideal material for manufacturing electrical components like connectors, switches, and sensors. As the global demand for efficient and reliable electrical systems grew, industries turned to sintered steel for its ability to meet stringent performance standards.
The rise of renewable energy technologies and the expansion of smart grids further boosted the use of sintered steel in electrical equipment. The material's versatility and cost-effectiveness allowed manufacturers to produce components that enhance energy efficiency while reducing operational costs. These factors contributed to the segment's dominant position in the market, reflecting the crucial role sintered steel plays in the evolving electrical industry.

Global Sintered Steel Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

The Asia Pacific region is poised to lead the growth of the sintered steel market in the coming years. This surge is driven by rapid industrialization and urbanization, particularly in countries like China and India, where infrastructure development and automotive production are booming. The demand for sintered steel, known for its high strength and durability, is expected to rise significantly as these nations expand their manufacturing capabilities and infrastructure projects.
The region's increasing focus on technological advancements and innovations in the steel industry will further boost the market. Companies in Asia Pacific are investing heavily in research and development to enhance the properties and applications of sintered steel. This proactive approach is likely to solidify the region's position as the dominant force in the global sintered steel market, catering to diverse industries and driving substantial growth.

Global Sintered Steel Market Top Key Players:

Acerinox S.A Spain)
AMES Sintering Metallic (Spain)
Aperam (Luxembourg)
ArcelorMittal (Luxembourg)
ASCO Sintering (USA)
GKN PLC (United Kingdom)
Showa Denko Materials Co., Ltd (Japan)
Mirach Metallurgy Co. (China)
Nippon Steel (Japan)
Outokumpu (Finland)
POSCO (South Korea)
Alcoa Corporation (USA)
Samvardhana Motherson (India)
Sandmeyer Steel (USA)
Sandvik AB (Sweden)
Swiss Steel Group (Switzerland)
Schunk Sinter Metals (Germany)
Sintercom India (India)
Sumitomo Electric (Japan)
Synalloy Corporation (USA)
The Miba Group (Austria)
Viraj Profiles Limited (India), Other Active Players

Key Industry Development in the Sintered Steel Market

In May 2023, Sumitomo Electric Industries, Ltd. and the National Institute of Information and Communications Technology (NICT) developed a randomly coupled multi-core optical fiber with 19 cores, the world's largest number of cores for a multi-core optical fiber*1 with a standard outer diameter*2 (0.125 mm), and succeeded in transmitting 1.7 petabits per second over 63.5 km.

Chapter 1: Introduction
1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis

Chapter 4: Sintered Steel Market by Steel Type
4.1 Sintered Steel Market Snapshot and Growth Engine
4.2 Sintered Steel Market Overview
4.3 Stainless Steel
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Stainless Steel: Geographic Segmentation Analysis
4.4 Carbon Steel
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Carbon Steel: Geographic Segmentation Analysis
4.5 Alloy Steel
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Alloy Steel: Geographic Segmentation Analysis
4.6 Tool Steel
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Tool Steel: Geographic Segmentation Analysis

Chapter 5: Sintered Steel Market by Process
5.1 Sintered Steel Market Snapshot and Growth Engine
5.2 Sintered Steel Market Overview
5.3 Metal Injection Molding (Mim)
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Metal Injection Molding (Mim): Geographic Segmentation Analysis
5.4 Additive Manufacturing (Am)
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Additive Manufacturing (Am): Geographic Segmentation Analysis
5.5 Conventional Manufacturing
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Conventional Manufacturing: Geographic Segmentation Analysis
5.6 Powder Forged Manufacturing
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Powder Forged Manufacturing: Geographic Segmentation Analysis

Chapter 6: Sintered Steel Market by Application
6.1 Sintered Steel Market Snapshot and Growth Engine
6.2 Sintered Steel Market Overview
6.3 Engines
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Engines: Geographic Segmentation Analysis
6.4 Transmissions
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Transmissions: Geographic Segmentation Analysis
6.5 Bodies
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Bodies: Geographic Segmentation Analysis
6.6 Chassis
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Chassis: Geographic Segmentation Analysis
6.7 Drivetrains
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Drivetrains: Geographic Segmentation Analysis
6.8 Electrical Appliances
6.8.1 Introduction and Market Overview
6.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.8.3 Key Market Trends, Growth Factors and Opportunities
6.8.4 Electrical Appliances: Geographic Segmentation Analysis

Chapter 7: Sintered Steel Market by End-User
7.1 Sintered Steel Market Snapshot and Growth Engine
7.2 Sintered Steel Market Overview
7.3 Transportation
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Transportation: Geographic Segmentation Analysis
7.4 Electrical
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Electrical: Geographic Segmentation Analysis
7.5 Industrial
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Industrial: Geographic Segmentation Analysis

Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Benchmarking
8.1.2 Sintered Steel Market Share by Manufacturer (2023)
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Mergers and Acquisitions

8.2 ACERINOX S A (SPAIN)
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Role of the Company in the Market
8.2.5 Sustainability and Social Responsibility
8.2.6 Operating Business Segments
8.2.7 Product Portfolio
8.2.8 Business Performance
8.2.9 Key Strategic Moves and Recent Developments
8.2.10 SWOT Analysis
8.3 AMES SINTERING METALLIC (SPAIN)
8.4 APERAM (LUXEMBOURG)
8.5 ARCELORMITTAL (LUXEMBOURG)
8.6 ASCO SINTERING (USA)
8.7 GKN PLC (UNITED KINGDOM)
8.8 SHOWA DENKO MATERIALS CO LTD (JAPAN)
8.9 MIRACH METALLURGY CO (CHINA)
8.10 NIPPON STEEL (JAPAN)
8.11 OUTOKUMPU (FINLAND)
8.12 POSCO (SOUTH KOREA)
8.13 ALCOA CORPORATION (USA)
8.14 SAMVARDHANA MOTHERSON (INDIA)
8.15 SANDMEYER STEEL (USA)
8.16 SANDVIK AB (SWEDEN)
8.17 SWISS STEEL GROUP (SWITZERLAND)
8.18 SCHUNK SINTER METALS (GERMANY)
8.19 SINTERCOM INDIA (INDIA)
8.20 SUMITOMO ELECTRIC (JAPAN)
8.21 SYNALLOY CORPORATION (USA)
8.22 THE MIBA GROUP (AUSTRIA)
8.23 VIRAJ PROFILES LIMITED (INDIA)
8.24 OTHER ACTIVE PLAYERS

Chapter 9: Global Sintered Steel Market By Region
9.1 Overview
9.2. North America Sintered Steel Market
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Top Key Companies
9.2.3 Historic and Forecasted Market Size by Segments
9.2.4 Historic and Forecasted Market Size By Steel Type
9.2.4.1 Stainless Steel
9.2.4.2 Carbon Steel
9.2.4.3 Alloy Steel
9.2.4.4 Tool Steel
9.2.5 Historic and Forecasted Market Size By Process
9.2.5.1 Metal Injection Molding (Mim)
9.2.5.2 Additive Manufacturing (Am)
9.2.5.3 Conventional Manufacturing
9.2.5.4 Powder Forged Manufacturing
9.2.6 Historic and Forecasted Market Size By Application
9.2.6.1 Engines
9.2.6.2 Transmissions
9.2.6.3 Bodies
9.2.6.4 Chassis
9.2.6.5 Drivetrains
9.2.6.6 Electrical Appliances
9.2.7 Historic and Forecasted Market Size By End-User
9.2.7.1 Transportation
9.2.7.2 Electrical
9.2.7.3 Industrial
9.2.8 Historic and Forecast Market Size by Country
9.2.8.1 US
9.2.8.2 Canada
9.2.8.3 Mexico
9.3. Eastern Europe Sintered Steel Market
9.3.1 Key Market Trends, Growth Factors and Opportunities
9.3.2 Top Key Companies
9.3.3 Historic and Forecasted Market Size by Segments
9.3.4 Historic and Forecasted Market Size By Steel Type
9.3.4.1 Stainless Steel
9.3.4.2 Carbon Steel
9.3.4.3 Alloy Steel
9.3.4.4 Tool Steel
9.3.5 Historic and Forecasted Market Size By Process
9.3.5.1 Metal Injection Molding (Mim)
9.3.5.2 Additive Manufacturing (Am)
9.3.5.3 Conventional Manufacturing
9.3.5.4 Powder Forged Manufacturing
9.3.6 Historic and Forecasted Market Size By Application
9.3.6.1 Engines
9.3.6.2 Transmissions
9.3.6.3 Bodies
9.3.6.4 Chassis
9.3.6.5 Drivetrains
9.3.6.6 Electrical Appliances
9.3.7 Historic and Forecasted Market Size By End-User
9.3.7.1 Transportation
9.3.7.2 Electrical
9.3.7.3 Industrial
9.3.8 Historic and Forecast Market Size by Country
9.3.8.1 Bulgaria
9.3.8.2 The Czech Republic
9.3.8.3 Hungary
9.3.8.4 Poland
9.3.8.5 Romania
9.3.8.6 Rest of Eastern Europe
9.4. Western Europe Sintered Steel Market
9.4.1 Key Market Trends, Growth Factors and Opportunities
9.4.2 Top Key Companies
9.4.3 Historic and Forecasted Market Size by Segments
9.4.4 Historic and Forecasted Market Size By Steel Type
9.4.4.1 Stainless Steel
9.4.4.2 Carbon Steel
9.4.4.3 Alloy Steel
9.4.4.4 Tool Steel
9.4.5 Historic and Forecasted Market Size By Process
9.4.5.1 Metal Injection Molding (Mim)
9.4.5.2 Additive Manufacturing (Am)
9.4.5.3 Conventional Manufacturing
9.4.5.4 Powder Forged Manufacturing
9.4.6 Historic and Forecasted Market Size By Application
9.4.6.1 Engines
9.4.6.2 Transmissions
9.4.6.3 Bodies
9.4.6.4 Chassis
9.4.6.5 Drivetrains
9.4.6.6 Electrical Appliances
9.4.7 Historic and Forecasted Market Size By End-User
9.4.7.1 Transportation
9.4.7.2 Electrical
9.4.7.3 Industrial
9.4.8 Historic and Forecast Market Size by Country
9.4.8.1 Germany
9.4.8.2 UK
9.4.8.3 France
9.4.8.4 Netherlands
9.4.8.5 Italy
9.4.8.6 Russia
9.4.8.7 Spain
9.4.8.8 Rest of Western Europe
9.5. Asia Pacific Sintered Steel Market
9.5.1 Key Market Trends, Growth Factors and Opportunities
9.5.2 Top Key Companies
9.5.3 Historic and Forecasted Market Size by Segments
9.5.4 Historic and Forecasted Market Size By Steel Type
9.5.4.1 Stainless Steel
9.5.4.2 Carbon Steel
9.5.4.3 Alloy Steel
9.5.4.4 Tool Steel
9.5.5 Historic and Forecasted Market Size By Process
9.5.5.1 Metal Injection Molding (Mim)
9.5.5.2 Additive Manufacturing (Am)
9.5.5.3 Conventional Manufacturing
9.5.5.4 Powder Forged Manufacturing
9.5.6 Historic and Forecasted Market Size By Application
9.5.6.1 Engines
9.5.6.2 Transmissions
9.5.6.3 Bodies
9.5.6.4 Chassis
9.5.6.5 Drivetrains
9.5.6.6 Electrical Appliances
9.5.7 Historic and Forecasted Market Size By End-User
9.5.7.1 Transportation
9.5.7.2 Electrical
9.5.7.3 Industrial
9.5.8 Historic and Forecast Market Size by Country
9.5.8.1 China
9.5.8.2 India
9.5.8.3 Japan
9.5.8.4 South Korea
9.5.8.5 Malaysia
9.5.8.6 Thailand
9.5.8.7 Vietnam
9.5.8.8 The Philippines
9.5.8.9 Australia
9.5.8.10 New Zealand
9.5.8.11 Rest of APAC
9.6. Middle East & Africa Sintered Steel Market
9.6.1 Key Market Trends, Growth Factors and Opportunities
9.6.2 Top Key Companies
9.6.3 Historic and Forecasted Market Size by Segments
9.6.4 Historic and Forecasted Market Size By Steel Type
9.6.4.1 Stainless Steel
9.6.4.2 Carbon Steel
9.6.4.3 Alloy Steel
9.6.4.4 Tool Steel
9.6.5 Historic and Forecasted Market Size By Process
9.6.5.1 Metal Injection Molding (Mim)
9.6.5.2 Additive Manufacturing (Am)
9.6.5.3 Conventional Manufacturing
9.6.5.4 Powder Forged Manufacturing
9.6.6 Historic and Forecasted Market Size By Application
9.6.6.1 Engines
9.6.6.2 Transmissions
9.6.6.3 Bodies
9.6.6.4 Chassis
9.6.6.5 Drivetrains
9.6.6.6 Electrical Appliances
9.6.7 Historic and Forecasted Market Size By End-User
9.6.7.1 Transportation
9.6.7.2 Electrical
9.6.7.3 Industrial
9.6.8 Historic and Forecast Market Size by Country
9.6.8.1 Turkey
9.6.8.2 Bahrain
9.6.8.3 Kuwait
9.6.8.4 Saudi Arabia
9.6.8.5 Qatar
9.6.8.6 UAE
9.6.8.7 Israel
9.6.8.8 South Africa
9.7. South America Sintered Steel Market
9.7.1 Key Market Trends, Growth Factors and Opportunities
9.7.2 Top Key Companies
9.7.3 Historic and Forecasted Market Size by Segments
9.7.4 Historic and Forecasted Market Size By Steel Type
9.7.4.1 Stainless Steel
9.7.4.2 Carbon Steel
9.7.4.3 Alloy Steel
9.7.4.4 Tool Steel
9.7.5 Historic and Forecasted Market Size By Process
9.7.5.1 Metal Injection Molding (Mim)
9.7.5.2 Additive Manufacturing (Am)
9.7.5.3 Conventional Manufacturing
9.7.5.4 Powder Forged Manufacturing
9.7.6 Historic and Forecasted Market Size By Application
9.7.6.1 Engines
9.7.6.2 Transmissions
9.7.6.3 Bodies
9.7.6.4 Chassis
9.7.6.5 Drivetrains
9.7.6.6 Electrical Appliances
9.7.7 Historic and Forecasted Market Size By End-User
9.7.7.1 Transportation
9.7.7.2 Electrical
9.7.7.3 Industrial
9.7.8 Historic and Forecast Market Size by Country
9.7.8.1 Brazil
9.7.8.2 Argentina
9.7.8.3 Rest of SA

Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies

Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research

Global Sintered Steel Market
Base Year:	2023	Forecast Period:	2024-2032
Historical Data:	2017 to 2023	Market Size in 2023:	USD 25.1 Bn.
Forecast Period 2024-32 CAGR:	4.30%	Market Size in 2032:	USD 35.2 Bn.
Segments Covered:	By Stainless Steel	Carbon Steel Alloy Steel Tool Steel
	By Process	Metal Injection Molding (Mim) Additive Manufacturing (Am) Conventional Manufacturing Powder Forged Manufacturing
	By Application	Engines Transmissions Bodies Chassis Drivetrains Electrical Appliances
	By End-User	Transportation Electrical Industrial
	By Region	North America (U.S., Canada, Mexico) Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe) Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe) Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC) Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa) South America (Brazil, Argentina, Rest of SA)
Key Market Drivers:	Rising Automotive Industry
Key Market Restraints:	Volatile Raw Material (Metal Powders) Prices
Key Opportunities:	Growing Electric Vehicle (EV) Market
Companies Covered in the report:	Acerinox S.A. (Spain), AMES Sintering Metallic (Spain), Aperam (Luxembourg), ArcelorMittal (Luxembourg), ASCO Sintering (USA), and Other Active Players.

Research Methodology

Sintered Steel Market Research Report 2024

Global Sintered Steel Market Synopsis

The Global Sintered Steel Market was worth USD 25.1 Billion in 2023. As such, the forecast is that the market is expected to reach USD 35.2 Billion by 2032 with a CAGR of 4.30% from 2024 to 2032.

Global Sintered Steel Market Trend Analysis:

Rising Automotive Industry

Growing Electric Vehicle (EV) Market

Global Sintered Steel Market Segment Analysis:

By Steel Type, the Tool steel segment is expected to dominate the market during the forecast period.

By End-User, the Electrical segment held the largest share in 2023.

Global Sintered Steel Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

Global Sintered Steel Market Top Key Players:

Key Industry Development in the Sintered Steel Market

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