Sintered Steel Market

Sintered steel is a type of solid product that is made through the processing of powder metallurgy by the use of several types of alloys & metals including copper, bronze, nickel, aluminum, steel, brass, stainless steel, and titanium, among others, which are converted into a powder form for using in sintering.

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The growth of the construction & transportation industry and the increasing usage of electronics and electrical products around the world are the two major factors that are driving the growth of the global sintered steel market. Moreover, increasing technological advancements in several industrial sectors and rising population rate has resulted in the expansion of construction activities, which is further propelling the growth of the market during the forecast period. In addition to this, the growing need for environment-friendly products among the end-users and various advantages offered by sintered steel such as high strength, high dimensional precision, weight reduction, and excellent surface finish are attracting a large number of end-users towards the market. Sintered steel offers cost advantages as compared to other materials due to its minimum maintenance requirement and high durability. The factors that are responsible for hampering the growth of the global sintered steel market include the high cost of metal, tooling, and equipment, along with difficulty in developing large or complex-shaped products.

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Based on the steel type, the tool steel segment is expected to grow at a higher CAGR during the forecast period owing to the rising adoption of this type of steel across various sectors, which includes machinery, automotive, and metal forging industry, among others. Various beneficial characteristics of tool steel, such as enhanced hardenability, better impact strength, wear resistance, and toughness, are further surging the demand for tool steel in the market worldwide.

Based on the end-use sector, the electrical segment is projected to increase at a higher CAGR over the forecast period due to the increasing demand for sintered steel, especially for the manufacturing of automotive parts such as engines, transmissions, and chassis. Moreover, expansion in the electrical industry is also driving the growth of the market in this segment.

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Based on the region, Asia-Pacific is expected to grow at a higher compound annual growth rate owing to the rising investment in infrastructure projects in countries like Japan, India, and China, which have resulted in an increase in the demand for sintered steel across this region. Moreover, rapid industrialization and the increasing electrical utility sector are some other factors contributing to the growth of the sintered steel market in this region.

Various notable players operating in the market include GKN Sinter Metals Engineering GmbH, Sintercom, Showa Denko Materials Co., Ltd., Sumitomo Electric Industries, Ltd., Motherson, Miba AG, Schunk Sintermetalltechnik GmbH, ASCO Sintering Co., AMES, and SMC Corporation, among others. 

Key Developments: 

• • In 2020, GKN Sinter Metals Engineering GmbH entered into a partnership with WORKERBASE to speed up business in the manufacturing industry and to prepare a new environment for business for the post-COVID-19 operation conditions.
  • In 2019, Sumitomo Electric Industries, Ltd. acquired both the European Powder Metallurgy businesses of the Sinterwerke Group named Sinterwerke Grenchen AG, Switzerland, and Sinterwerke Herne GmbH, Germany. Through this acquisition, the company planned to increase its sales channels to include the European component manufacturers and automakers and expand its presence in Europe in the powder metallurgy business.

The global Sintered Steel market has been segmented on the basis of steel type, process, end-use sector, application, and regions. Based on steel type, the market is segmented into carbon steel, tool steel, stainless steel, and alloy steel. Based on the process, the market is segmented into additive manufacturing, conventional manufacturing, metal injection molding, and powder forged manufacturing. Based on the end-use sector, the market is segmented into industrial, transportation, electrical, and others. Based on the application, the market is segmented into chassis, engines, electrical appliances, drivetrains, transmissions, bodies, and others.

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Key questions answered in this research report:

• • At what pace is the global Sintered Steel market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Sintered Steel market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Sintered Steel market?
  • Which steel type generated maximum revenues in 2019 and identify the most promising steel type during the forecast period?
  • What are the various application areas of the global Sintered Steel market, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Sintered Steel Market by Steel Type

• • Carbon Steel
  • Tool Steel
  • Stainless Steel
  • Alloy Steel

Global Sintered Steel Market by Process

• • Additive Manufacturing
  • Conventional Manufacturing
  • Metal Injection Molding
  • Powder Forged Manufacturing

Global Sintered Steel Market by End-Use Sector

• • Industrial
  • Transportation
  • Electrical
  • Others

Global Sintered Steel Market by Application

• • Chassis
  • Engines
  • Electrical Appliances
  • Drivetrains
  • Transmissions
  • Bodies
  • Others

Global Sintered Steel Market by Region

• • North America Sintered Steel Market (Option 1: As a part of the free 25% customization)
    • North America Sintered Steel Market by Steel Type
    • North America Sintered Steel Market by Process
    • North America Sintered Steel Market by End-Use Sector
    • North America Sintered Steel Market by Application
    • US Sintered Steel Market All-Up
    • Canada Sintered Steel Market All-Up
  • Europe Sintered Steel Market (Option 2: As a part of the free 25% customization)
    • Europe Sintered Steel Market by Steel Type
    • Europe Sintered Steel Market by Process
    • Europe Sintered Steel Market by End-Use Sector
    • Europe Sintered Steel Market by Application
    • UK Sintered Steel Market All-Up
    • Germany Sintered Steel Market All-Up
    • France Sintered Steel Market All-Up
    • Spain Sintered Steel Market All-Up
    • Rest of Europe Sintered Steel Market All-Up
  • Asia-Pacific Sintered Steel Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Sintered Steel Market by Steel Type
    • Asia-Pacific Sintered Steel Market by Process
    • Asia-Pacific Sintered Steel Market by End-Use Sector
    • Asia-Pacific Sintered Steel Market by Application
    • China Sintered Steel Market All-Up
    • India Sintered Steel Market All-Up
    • Japan Sintered Steel Market All-Up
    • Rest of APAC Sintered Steel Market All-Up
  • RoW Sintered Steel Market (Option 4: As a part of the free 25% customization)
    • RoW Sintered Steel Market by Steel Type
    • RoW Sintered Steel Market by Process
    • RoW Sintered Steel Market by End-Use Sector
    • RoW Sintered Steel Market by Application
    • Brazil Sintered Steel Market All-Up
    • South Africa Sintered Steel Market All-Up
    • Saudi Arabia Sintered Steel Market All-Up
    • UAE Sintered Steel Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Sintered Steel Market All-Up

Major Players Operating in the Sintered Steel Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • GKN Sinter Metals Engineering GmbH
  • Sintercom
  • Showa Denko Materials Co., Ltd.
  • Sumitomo Electric Industries, Ltd.
  • Motherson
  • Miba AG
  • Schunk Sintermetalltechnik GmbH
  • ASCO Sintering Co.
  • AMES
  • SMC Corporation