The Sintered Steel Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Sintered Steel Market?
The global market size of sintered steel has been experiencing a consistent rise in recent years. It is projected to increase from $16.44 billion in 2024 to $17.23 billion in 2025. The compound annual growth rate (CAGR) during this period is expected to be 4.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Sintered Steel Industry?
The sintered steel market is predicted to reach a market size of $20.7 billion in 2029, growing at a compound annual growth rate (CAGR) of 4.7%.
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What are the Key Growth Drivers Fueling the Sintered Steel Market?
The key drivers in the sintered steel global market report 2024 market are:
• Expansion of the electric vehicle market
• Increased demand in the aerospace and renewable energy sectors
• Advancement in additive manufacturing and oil and gas exploration
• Progress in powder metallurgy, integration of advanced alloys, and digitalization in the industry 4.0 framework.
Global Market Segmentation: Identifying Major Sintered Steel Industry Segments
The sintered steel market covered in this report is segmented –
1) By Type: Stainless Steel, Carbon Steel, Alloy Steel, Tool Steel
2) By Process: Metal Injection Molding (MIM), Conventional Manufacturing, Powder Forging Manufacturing, Additive Manufacturing
3) By Application: Engines, Transmissions, Body, Chassis, Drivetrain, Electrical, Other Applications
4) By End-User Industry: Transportation, Industrial, Electrical, Other End-Users
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What are the Emerging Trends Shaping the Future of the Sintered Steel Market?
The key trends in the iot in aerospace & defense market are:
• Advancements in powder metallurgy technology are forming a major trend in the sintered steel market.
• The incorporation of sophisticated alloys into manufacturing processes is an emerging trend.
• Digitalization and the rise of Industry 4.0 are significantly influencing the future of the market.
• The application of sintered steel in 5G technology is a growing trend.
Who Are the Top Competitors & Leading Players in the Sintered Steel Market?
Major companies in the sintered steel global market report 2024 market are:
• CNPC Powders Inc.
• Guest Keen & Nettlefolds Ltd.
• Samvardhana Motherson International Ltd.
• Hitachi Chemical Co. Ltd.
• The Miba Group AG
• ASCO Sintering Co.
• Sintercom India Ltd.
• AMES BARCELONA SINTERING S. A.
• Schunk Sinter Metals GmbH
• Erasteel Ltd.
• Advanced Technology (Bazhou) Special Powder Ltd.
• Hoganas AB
• Polema JSC
• Sintered Metal Corporation
• Posco India Pvt. Ltd.
• Nippon Steel Corporation
• Outokumpu Oyj
• ArcelorMittal SA
• Schmolz+Bickenbach AG
• Thyssenkrupp Stainless AG
• Acerinox S. A.
• Mirach Metallurgy Co.
• SSI Sintered Specialties LLC
• Mechanical and Chemical Industry Corporation
• Atlas Pressed Metals
• Technymon Global Bearing Technologies S. r. l
• Resonac Corp.
• Stackpole International Ltd.
• Tungsten Heavy Powder Inc.
• Umicore S. A.
• VAC AERO International Inc.
• Valtimet Oy
Regional Dominance: Which Area Leads the Global Sintered Steel Market?
Asia-Pacific was the largest region in the sintered steel market in 2024 and is also expected to be the fastest-growing region in the forecast period
