Sintered Steel Market Size, Share, Trends, Growth Outlook

Global Sintered Steel Market Size is valued at $25.8 Billion in 2024 and is forecast to register a growth rate (CAGR) of 4.3% to reach $36.1 Billion by 2032.

The global Sintered Steel Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Steel (Stainless Steel, Carbon Steel, Alloy Steel, Tool Steel), By Process (Metal Injection Molding, Additive Manufacturing, Conventional Manufacturing, Powder Forged Manufacturing), By Application (Engines, Transmissions, Bodies, Chassis, Drivetrains, Electrical Appliances, Others), By End-User (Transportation, Electrical, Industrial, Others).

An Introduction to Sintered Steel Market in 2024

Sintered steel, a porous metal material produced through a sintering process, maintains its significance in various industries in 2024. This engineered material offers a unique combination of strength, porosity, and dimensional accuracy, making it suitable for a wide range of applications. In sectors such as automotive, aerospace, and manufacturing, sintered steel components are utilized in filtration systems, bearings, gears, and structural parts where high strength-to-weight ratio and precise tolerances are crucial. Additionally, the ability to tailor the porosity of sintered steel enables enhanced fluid flow control, sound damping, and heat transfer, expanding its utility in specialized applications such as pneumatic systems, acoustic panels, and thermal management solutions.

Sintered Steel Market Competitive Landscape

The market report analyses the leading companies in the industry including AMES Sintering Metallic Components, ASCO Sintering Co., GKN Powder Metallurgy, Resonac, Samvardhana Motherson Group, Schunk Sinter Metals, Sintercom India Ltd, Sumitomo Electric Industries Ltd, The Miba Group, and others.

Sintered Steel Market Dynamics

Market Trend: Growing Demand for Lightweight and High-Strength Components in Automotive and Aerospace Industries

One prominent market trend in sintered steel is the growing demand for lightweight and high-strength components in automotive and aerospace industries. Sintered steel, produced through the process of sintering powdered metal particles, offers excellent mechanical properties, including high strength-to-weight ratio, wear resistance, and dimensional accuracy. As automotive and aerospace manufacturers seek to reduce vehicle weight, improve fuel efficiency, and enhance performance, there is a rising trend towards incorporating sintered steel components in engine parts, transmission systems, chassis components, and structural assemblies. This trend is driven by the need for materials that can withstand demanding operating conditions, provide structural integrity, and contribute to overall vehicle performance and safety.

Market Driver: Advancements in Powder Metallurgy and Sintering Technologies

A key market driver for sintered steel is advancements in powder metallurgy and sintering technologies. With continuous innovations in materials science, manufacturing processes, and sintering equipment, there has been significant progress in enhancing the properties and performance of sintered steel components. Advanced powder metallurgy techniques such as alloying, particle size control, and powder blending enable the production of sintered steel with tailored microstructures and improved mechanical properties. Additionally, advancements in sintering technologies, including vacuum sintering, hot isostatic pressing (HIP), and additive manufacturing, offer opportunities to further optimize the density, porosity, and dimensional accuracy of sintered steel parts. These advancements drive the development of sintered steel components with enhanced properties, enabling them to meet stringent performance requirements and expand their applications across diverse industries.

Market Opportunity: Expansion into Medical and Healthcare Devices

An emerging opportunity in the sintered steel market lies in the expansion into medical and healthcare devices. Sintered steel offers several advantages such as biocompatibility, sterilizability, and corrosion resistance, making it suitable for use in medical implants, surgical instruments, and diagnostic equipment. With the increasing demand for minimally invasive surgical procedures, implantable medical devices, and personalized healthcare solutions, there is a growing need for materials that can provide precise, reliable, and long-lasting performance in medical applications. Sintered steel presents opportunities for innovation in areas such as orthopedic implants, dental prosthetics, spinal fixation devices, and surgical instruments, where it can offer superior strength, dimensional stability, and biocompatibility compared to traditional materials. By expanding into the medical and healthcare sector, sintered steel manufacturers can diversify their product portfolios, tap into new market segments, and contribute to advancements in medical technology and patient care.

Sintered Steel Market Share Analysis: Stainless Steel segment generated the highest revenue in 2024

Stainless steel is the largest segment in the sintered steel market due to its versatile properties and extensive applications across various industries. Stainless steel is prized for its exceptional corrosion resistance, durability, strength, and aesthetic appeal, making it a preferred material for a wide range of applications. In sectors such as automotive, aerospace, construction, food processing, and healthcare, stainless steel sintered components are utilized for their ability to withstand harsh environments, maintain hygiene standards, and deliver reliable performance. Additionally, the growing demand for lightweight and durable materials in emerging technologies such as electric vehicles, renewable energy, and medical devices further drives the adoption of stainless steel sintered parts. Moreover, advancements in sintering technology and material science continue to expand the capabilities and applications of stainless steel in the sintered steel market. Therefore, the unmatched combination of corrosion resistance, strength, and versatility positions stainless steel as the largest segment in the sintered steel market.

Sintered Steel Market Share Analysis: Additive Manufacturing is poised to register the fastest CAGR over the forecast period

Additive Manufacturing is the fastest-growing segment in the sintered steel market due to its revolutionary approach to production and numerous advantages over traditional manufacturing methods. Additive manufacturing, commonly known as 3D printing, allows for the creation of complex geometries and customized components with minimal material waste. This process offers unparalleled design freedom, enabling engineers to optimize part performance and functionality. In the sintered steel market, additive manufacturing opens up new possibilities for lightweight, high-strength, and intricately designed steel components across industries such as aerospace, automotive, healthcare, and consumer goods. Moreover, additive manufacturing facilitates rapid prototyping and on-demand production, reducing lead times and costs associated with tooling and setup. As the technology continues to evolve and become more accessible, the demand for additive manufacturing in the sintered steel market is expected to soar, driven by its ability to unlock innovative solutions and address the evolving needs of modern manufacturing. Therefore, the unique capabilities and transformative potential of additive manufacturing position it as the fastest-growing segment in the sintered steel market.

Sintered Steel Market Share Analysis: Chassis segment generated the highest revenue in 2024

Chassis is the largest segment in the sintered steel market due to its integral role in vehicle construction and the widespread adoption of sintered steel components for chassis applications. Chassis components such as brackets, bushings, brackets, and structural reinforcements require materials with high strength, durability, and dimensional accuracy to withstand the rigors of vehicle operation and ensure safety and stability. Sintered steel offers these essential characteristics, making it a preferred material for chassis applications in automotive manufacturing. Additionally, advancements in sintering technology have enabled the production of complex and lightweight chassis components with superior mechanical properties, further driving the adoption of sintered steel in this segment. Moreover, the growing demand for lightweighting in vehicles to improve fuel efficiency and reduce emissions has spurred the use of sintered steel components in chassis construction, as they offer a cost-effective solution without compromising on performance or safety. Therefore, the critical role of chassis components in vehicle design and the unmatched properties of sintered steel establish the chassis segment as the largest in the sintered steel market.

Sintered Steel Market Share Analysis: Transportation is poised to register the fastest CAGR over the forecast period

The Transportation sector is the fastest-growing segment in the sintered steel market due to the increasing demand for lightweight, durable, and high-performance components in various modes of transportation. Sintered steel offers potential advantages that meet the evolving needs of the transportation industry, including automotive, aerospace, railway, and marine sectors. In automotive manufacturing, sintered steel components are utilized for engine parts, transmission gears, chassis components, and structural reinforcements, enabling vehicle manufacturers to achieve weight reduction targets while maintaining or improving performance and safety standards. Similarly, in aerospace applications, sintered steel parts are valued for their high strength-to-weight ratio and resistance to corrosion and fatigue, contributing to fuel efficiency and aircraft reliability. Moreover, the expanding global demand for electric vehicles (EVs) and the increasing adoption of additive manufacturing technologies in transportation further drive the growth of sintered steel components. Therefore, the critical role of sintered steel in enhancing transportation efficiency, performance, and sustainability positions the Transportation sector as the fastest-growing segment in the sintered steel market.

Sintered Steel Market

By Steel
Stainless Steel
Carbon Steel
Alloy Steel
Tool Steel
By Process
Metal Injection Molding
Additive Manufacturing
Conventional Manufacturing
Powder Forged Manufacturing
By Application
Engines
Transmissions
Bodies
Chassis
Drivetrains
Electrical Appliances
Others
By End-User
Transportation
Electrical
Industrial
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Sintered Steel Companies Profiled in the Study

AMES Sintering Metallic Components
ASCO Sintering Co.
GKN Powder Metallurgy
Resonac
Samvardhana Motherson Group
Schunk Sinter Metals
Sintercom India Ltd
Sumitomo Electric Industries Ltd
The Miba Group
*- List Not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Sintered Steel Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Sintered Steel Market Size Outlook, $ Million, 2021 to 2032
3.2 Sintered Steel Market Outlook by Type, $ Million, 2021 to 2032
3.3 Sintered Steel Market Outlook by Product, $ Million, 2021 to 2032
3.4 Sintered Steel Market Outlook by Application, $ Million, 2021 to 2032
3.5 Sintered Steel Market Outlook by Key Countries, $ Million, 2021 to 2032

4 Market Dynamics
4.1 Key Driving Forces of Sintered Steel Industry
4.2 Key Market Trends in Sintered Steel Industry
4.3 Potential Opportunities in Sintered Steel Industry
4.4 Key Challenges in Sintered Steel Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Sintered Steel Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Sintered Steel Market Outlook by Segments
7.1 Sintered Steel Market Outlook by Segments, $ Million, 2021- 2032
By Steel
Stainless Steel
Carbon Steel
Alloy Steel
Tool Steel
By Process
Metal Injection Molding
Additive Manufacturing
Conventional Manufacturing
Powder Forged Manufacturing
By Application
Engines
Transmissions
Bodies
Chassis
Drivetrains
Electrical Appliances
Others
By End-User
Transportation
Electrical
Industrial
Others

8 North America Sintered Steel Market Analysis and Outlook To 2032
8.1 Introduction to North America Sintered Steel Markets in 2024
8.2 North America Sintered Steel Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Sintered Steel Market size Outlook by Segments, 2021-2032
By Steel
Stainless Steel
Carbon Steel
Alloy Steel
Tool Steel
By Process
Metal Injection Molding
Additive Manufacturing
Conventional Manufacturing
Powder Forged Manufacturing
By Application
Engines
Transmissions
Bodies
Chassis
Drivetrains
Electrical Appliances
Others
By End-User
Transportation
Electrical
Industrial
Others

9 Europe Sintered Steel Market Analysis and Outlook To 2032
9.1 Introduction to Europe Sintered Steel Markets in 2024
9.2 Europe Sintered Steel Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Sintered Steel Market Size Outlook by Segments, 2021-2032
By Steel
Stainless Steel
Carbon Steel
Alloy Steel
Tool Steel
By Process
Metal Injection Molding
Additive Manufacturing
Conventional Manufacturing
Powder Forged Manufacturing
By Application
Engines
Transmissions
Bodies
Chassis
Drivetrains
Electrical Appliances
Others
By End-User
Transportation
Electrical
Industrial
Others

10 Asia Pacific Sintered Steel Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Sintered Steel Markets in 2024
10.2 Asia Pacific Sintered Steel Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Sintered Steel Market size Outlook by Segments, 2021-2032
By Steel
Stainless Steel
Carbon Steel
Alloy Steel
Tool Steel
By Process
Metal Injection Molding
Additive Manufacturing
Conventional Manufacturing
Powder Forged Manufacturing
By Application
Engines
Transmissions
Bodies
Chassis
Drivetrains
Electrical Appliances
Others
By End-User
Transportation
Electrical
Industrial
Others

11 South America Sintered Steel Market Analysis and Outlook To 2032
11.1 Introduction to South America Sintered Steel Markets in 2024
11.2 South America Sintered Steel Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Sintered Steel Market size Outlook by Segments, 2021-2032
By Steel
Stainless Steel
Carbon Steel
Alloy Steel
Tool Steel
By Process
Metal Injection Molding
Additive Manufacturing
Conventional Manufacturing
Powder Forged Manufacturing
By Application
Engines
Transmissions
Bodies
Chassis
Drivetrains
Electrical Appliances
Others
By End-User
Transportation
Electrical
Industrial
Others

12 Middle East and Africa Sintered Steel Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Sintered Steel Markets in 2024
12.2 Middle East and Africa Sintered Steel Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Sintered Steel Market size Outlook by Segments, 2021-2032
By Steel
Stainless Steel
Carbon Steel
Alloy Steel
Tool Steel
By Process
Metal Injection Molding
Additive Manufacturing
Conventional Manufacturing
Powder Forged Manufacturing
By Application
Engines
Transmissions
Bodies
Chassis
Drivetrains
Electrical Appliances
Others
By End-User
Transportation
Electrical
Industrial
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
AMES Sintering Metallic Components
ASCO Sintering Co.
GKN Powder Metallurgy
Resonac
Samvardhana Motherson Group
Schunk Sinter Metals
Sintercom India Ltd
Sumitomo Electric Industries Ltd
The Miba Group

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Steel
Stainless Steel
Carbon Steel
Alloy Steel
Tool Steel
By Process
Metal Injection Molding
Additive Manufacturing
Conventional Manufacturing
Powder Forged Manufacturing
By Application
Engines
Transmissions
Bodies
Chassis
Drivetrains
Electrical Appliances
Others
By End-User
Transportation
Electrical
Industrial
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)