Global Sintered Steel Market Size, Forecasts, And Opportunities – Includes Sintered Steel Market Overview
Learn about the global sintered steel market through The Business Research Company, which provides information on sintered steel market size, sintered steel market drivers and restraints, sintered steel market players, the COVID-19 impact on the sintered steel market, and more.
The global sintered steel market size is expected to grow from $14.39 billion in 2021 to $15.14 billion in 2022 at a compound annual growth rate (CAGR) of 5.25%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global sintered steel market size is expected to reach $18.96 billion in 2026 at a CAGR of 5.78%.
Expansion of the automotive sector and increasing demand for innovative designs will drive the growth of the sintered steel market.
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The sintered steel market consists of sales of sintered stees by entities (organizations, sole traders, and partnerships) that are used in steel manufacturing to form complex shapes, to produce alloys, or to work in metals with very high melting points. Sintered steel parts are being produced by ADC/SINT technology (Automatic Die Compaction and Sintering) are becoming increasingly interesting for the automotive industry, because of low cost, low material waste, good accuracy, and little or no calibration processes.
Global Sintered Steel Market Segments Include:
By Type: Stainless Steel, Carbon Steel, Alloy Steel, Tool Steel
By Process: Metal Injection Molding (MIM), Conventional Manufacturing, Powder Forging Manufacturing, Additive Manufacturing
By End-User Industry: Transportation, Industrial, Electrical, Others
By Application: Engines, Transmissions, Body, Chassis, Drivetrain, Electrical, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the sintered steel market in 2021.
Technological advancement in the automotive sector is a key trend gaining popularity among the companies working in the sintered steel market.
Major Market Players: Sumitomo Electric Industries Limited, GKN PLC, Samvardhana Motherson Group, Hitachi Chemical, The Miba Group, ASCO Sintering Co, Sintercom India Ltd, AMES Sintering Metallic Components, Schunk Sinter Metals, CNPC Powders, Erasteel, Advanced Technology (Bazhou) Special Powder Ltd, Hoganas AB, Polema, SMC Corporation, Posco, Nippon Steel Corporation, Outokumpu, ArcelorMittal, Schmolz+Bickenbach AG, Thyssenkrupp Stainless, Acerinox S.A., Mirach Metallurgy Co, SSI Sintered Specialties, MEK Group, Atlas Pressed Metals, Technymon Global Bearing Technologies S.r.l, and Federal-Mogul Goetze Limited.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Sintered Steel Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides sintered steel market overviews, analyzes and forecasts market size, share, sintered steel market players, sintered steel market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s sintered steel market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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