Sintered Steel Market – Global Industry Analysis Growth, Trends, and Forecasts (2021 – 2027)

Sintered Steel Market size was valued at US$ 23.8 Bn. in 2020 and the total revenue is expected to grow at 4.7 % through 2021 to 2027, reaching nearly US$ 31.4 Bn.

Sintered Steel Market Overview:

Sintered Steel Market size was valued at US$ 23.8 Bn. in 2020. The growing emphasis on producing low-cost metal parts with decreased waste and increased accuracy is expected to fuel market growth, particularly in the automotive industry. Steel is a popular alloy in industrial applications for making parts with properties like high strength and corrosion resistance. In comparison to other techniques like casting, stamping, and cutting, sintering has a number of advantages. Along with the freedom of sophisticated design, sintered steel part production minimises machining costs and waste, which is estimated to raise market growth. Sintered Steel Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Sintered Steel Market Dynamics:

The automotive industry is the main end user of sintered steel because people are paying more and more attention to strict regulations and concerns about high manufacturing costs, increased waste in the manufacturing process and carbon footprint. Specifications such as Bharat Stage VI (BS-VI) are expected to bring profitable opportunities for sintered components throughout the forecast period. The BS-VI specification focuses on reducing harmful emissions and requires manufacturers to add sensors before and after the catalytic converter in order to take into account productivity advantages. Sintering is an ideal process for mass production of such parts. Compared with traditional processes, the sintering process involves fewer manufacturing steps, thereby reducing energy use and a low carbon footprint. In addition, the sintered steel mesh components are light in weight and provide better yields at low costs. Such benefits, combined with the growing car component sector, are likely to drive demand for sintered steel in the future years. Sintered Steel Market Despite increasing product demand, the growth of the sintered steel market is expected to be affected by certain unfavourable factors of sintering technology, such as difficulty in producing large parts and lack of high strength of sintered parts compared with cast iron or forged parts. In addition, the machinery and equipment required for manufacturing are very expensive, limiting mass production. In addition to technical constraints, with the rapid development of technology in the future, raw material steel can also be replaced by elements such as aluminium.

Sintered Steel Market Segment Analysis:

The sintered steel market is segmented into type, process, end-user, application. On the basis of type, the sintered steel market is sub-segmented into Stainless Steel, Carbon Steel, Alloy Steel, and Tool Steel. The tool steel segment held large share of xx% in 2020. The increasing demand for sintered steel in numerous end-use industries, including as automotive, aerospace, industrial machinery, medical devices, and lawn and garden, is driving this segment's growth. Tool steel has a number of distinct advantages over other forms of steel, including high tensile strength, durability, and density. Various advantageous properties of tool steel, including as improved harden ability, increased impact strength, wear resistance, and toughness, are driving the demand for tool steel in the market. Sintered Steel MarketOn the basis of process, the sintered steel market is sub-segmented into Metal Injection Melding (MIM), Conventional Manufacturing, and Additive Manufacturing. The metal injection melding (MIM) segment held large share of xx% in 2020. Due to its advantages such as manufacturing of high-volume, complex parts at a low cost, reduced production time, a minimum of finishing operations are required, and a large selection of pre-alloys and master alloys are available. On the basis of end user, the sintered steel market is sub-segmented into Transportation, Industrial, Electrical, and Others. The electrical segment held large share of xx% in 2020. These products are rising in popularity as a cost-effective, high-strength solution that provides durability and a variety of design alternatives. Due to its low maintenance requirements and great durability, it offers cost advantages both in terms of pricing and durability when compared to other premium materials. As a result of these factors, it is becoming more widely used in automobile components, industrial equipment, hospitality, medical and other machinery parts.Sintered Steel MarketOn the basis of application, the sintered steel market is sub-segmented into Engines, Transmissions, Body, Chassis, Drivetrain, Electrical, Others. The engines segment held large share of xx% in 2020. Sintered steel products and parts are used in a variety of industries, including engine, transmission, body, and chassis manufacture in the automotive and transportation industries and Sintered components are utilised as automotive parts in the production of a variety of vehicles, including passenger vehicles, buses and coaches, HCVs, LCVs, two-wheelers, and so on. Sintered steel is also used in a variety of different industries, including industrial machinery, electronic and electrical parts, medical device manufacture, and so on. Sintered steel's main application is in the automobile industry, where fast technological advancement will raise demand for these products and propel the sintered steel industry forward.

Sintered Steel MarketSintered Steel Market Regional Insights:

The North America held large share of 27% in 2020. The growth of the automobile industry is expected to be a major element in the market's success in North America. Manufacturers are flocking to North America to take advantage of zero tariffs, a larger customer base, and advanced technology thanks to the new USMCA agreement, to be eligible for no tariffs, autos must have 75% of their components manufactured in the United States, Canada, or Mexico. Given the taxes on car imports, the company has upped its projected investment to about USD 13 billion by 2021 in order to produce more models and parts in the United States. The corporation intends to enhance engine manufacturing at its Alabama plant and create around 600 jobs in the country. Sintered Steel Market   Recent developent: • GKN Sinter Metals Engineering GmbH and WORKERBASE formed a partnership in 2020 to speed up business in the manufacturing industry and to prepare a new operating environment for post-COVID-19 conditions. • Sumitomo Electric Industries, Ltd. bought both the Sinterwerke Group's European Powder Metallurgy operations, Sinterwerke Grenchen AG in Switzerland and Sinterwerke Herne GmbH in Germany, in 2019. With this acquisition, the company hoped to broaden its sales channels to include European component manufacturers and automakers, as well as grow its powder metallurgical footprint in Europe. The objective of the report is to present a comprehensive analysis of the Sintered Steel market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Sintered Steel market dynamics, structure by analyzing the market segments and projects the Sintered Steel market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Sintered Steel market make the report investor’s guide.

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Sintered Steel Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 23.8 Bn.
Forecast Period 2021 to 2027 CAGR: 4.7 % Market Size in 2027: US $ 31.4 Bn.
Segments Covered: by  Type • Stainless Steel • Carbon Steel • Alloy Steel • Tool Steel
by Process • Metal Injection Melding (MIM) • Conventional Manufacturing • Additive Manufacturing
by End-user • Transportation • Industrial • Electrical • Others
by Application • Engines • Transmissions • Body • Chassis • Drivetrain • Electrical • Others

Sintered Steel Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Sintered Steel Market Key Players

Acerinox S.A. • AMES Sintering Metallic • Aperam • ArcelorMittal • ASCO Sintering • GKN PLC • Hitachi Chemical • JSCMS • Mirach Metallurgy Co • Nippon Steel • Outokumpu • POSCO • RTI Industries • Samvardhana Motherson • Sandmeyer Steel • Sandvik AB • Schmolz • Schunk Sinter Metals • Sintercom India • Sumitomo Electric • Synalloy Corporation • The Miba Group • thyssenkrupp Stainless • Viraj Profiles Limited Frequently Asked Questions: 1. Which region has the largest share in Sintered Steel Market? Ans: North America region holds the highest share in 2020. 2. What is the growth rate of Sintered Steel Market? Ans: The Sintered Steel Market is growing at a CAGR of 4.7 % during forecasting period 2021-2027. 3. What segments are covered in Sintered Steel market? Ans: Sintered Steel Market is segmented into type, process, end-user, application and Region. 4. Who are the key players in Sintered Steel market? Ans: The important key players in the Sintered Steel Market are - Acerinox S.A., AMES Sintering Metallic, Aperam, ArcelorMittal, ASCO Sintering, GKN PLC, Hitachi Chemical, JSCMS, Mirach Metallurgy Co, Nippon Steel, Outokumpu, POSCO, RTI Industries, Samvardhana Motherson, Sandmeyer Steel, Sandvik AB, Schmolz, Schunk Sinter Metals, Sintercom India, Sumitomo Electric, Synalloy Corporation, The Miba Group, thyssenkrupp Stainless, Viraj Profiles Limited. 5. What is the study period of this market? Ans: The Sintered Steel Market is studied from 2021 to 2027.
1. Global Sintered Steel Market: Research Methodology 2. Global Sintered Steel Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Sintered Steel Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Sintered Steel Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Sintered Steel Market Segmentation 4.1. Global Sintered Steel Market, by Type (2020-2027) • Stainless Steel • Carbon Steel • Alloy Steel • Tool Steel 4.2. Global Sintered Steel Market, by Process (2020-2027) • Metal Injection Melding (MIM) • Conventional Manufacturing • Additive Manufacturing 4.3. Global Sintered Steel Market, by End-user (2020-2027) • Transportation • Industrial • Electrical • Others 4.4. Global Sintered Steel Market, by Application (2020-2027) • Engines • Transmissions • Body • Chassis • Drivetrain • Electrical • Others 5. North America Sintered Steel Market(2020-2027) 5.1. North America Sintered Steel Market, by Type (2020-2027) • Stainless Steel • Carbon Steel • Alloy Steel • Tool Steel 5.2. North America Sintered Steel Market, by Process (2020-2027) • Metal Injection Melding (MIM) • Conventional Manufacturing • Additive Manufacturing 5.3. North America Sintered Steel Market, by End-user (2020-2027) • Transportation • Industrial • Electrical • Others 5.4. North America Sintered Steel Market, by Application (2020-2027) • Engines • Transmissions • Body • Chassis • Drivetrain • Electrical • Others 5.5. North America Sintered Steel Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Sintered Steel Market (2020-2027) 6.1. European Sintered Steel Market, by Type (2020-2027) 6.2. European Sintered Steel Market, by Process (2020-2027) 6.3. European Sintered Steel Market, by End-user (2020-2027) 6.4. European Sintered Steel Market, by Application(2020-2027) 6.5. European Sintered Steel Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Sintered Steel Market (2020-2027) 7.1. Asia Pacific Sintered Steel Market, by Type (2020-2027) 7.2. Asia Pacific Sintered Steel Market, by Process (2020-2027) 7.3. Asia Pacific Sintered Steel Market, by End-user (2020-2027) 7.4. Asia Pacific Sintered Steel Market, by Application(2020-2027) 7.5. Asia Pacific Sintered Steel Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Sintered Steel Market (2020-2027) 8.1. Middle East and Africa Sintered Steel Market, by Type (2020-2027) 8.2. Middle East and Africa Sintered Steel Market, by Process (2020-2027) 8.3. Middle East and Africa Sintered Steel Market, by End-user (2020-2027) 8.4. Middle East and Africa Sintered Steel Market, by Application(2020-2027) 8.5. Middle East and Africa Sintered Steel Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Sintered Steel Market (2020-2027) 9.1. Latin America Sintered Steel Market, by Type (2020-2027) 9.2. Latin America Sintered Steel Market, by Process (2020-2027) 9.3. Latin America Sintered Steel Market, by End-user (2020-2027) 9.4. Latin America Sintered Steel Market, by Application(2020-2027) 9.5. Latin America Sintered Steel Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Acerinox S.A. 10.1.1. Financial Overview 10.1.2. Global Presence 10.1.3. Capacity Portfolio 10.1.4. Business Strategy 10.1.5. Recent Developments 10.2. AMES Sintering Metallic 10.3. Aperam 10.4. ArcelorMittal 10.5. ASCO Sintering 10.6. GKN PLC 10.7. Hitachi Chemical 10.8. JSCMS 10.9. Mirach Metallurgy Co 10.10. Nippon Steel 10.11. Outokumpu 10.12. POSCO 10.13. RTI Industries 10.14. Samvardhana Motherson 10.15. Sandmeyer Steel 10.16. Sandvik AB 10.17. Schmolz 10.18. Schunk Sinter Metals 10.19. Sintercom India 10.20. Sumitomo Electric 10.21. Synalloy Corporation 10.22. The Miba Group 10.23. thyssenkrupp Stainless 10.24. Viraj Profiles Limited

About This Report

Report ID 117255
Category Mining And Metals
Published Date Aug 2021
Updated Date Nov 2021
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