Sintered Steel

Global Sintered Steel Market to Reach US$182.9 Million by 2030

The global market for Sintered Steel estimated at US$140.9 Million in the year 2024, is expected to reach US$182.9 Million by 2030, growing at a CAGR of 4.4% over the analysis period 2024-2030. Automotive, one of the segments analyzed in the report, is expected to record a 4.4% CAGR and reach US$129.7 Million by the end of the analysis period. Growth in the Machinery & Tools segment is estimated at 4.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$37.7 Million While China is Forecast to Grow at 7.4% CAGR

The Sintered Steel market in the U.S. is estimated at US$37.7 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$38.6 Million by the year 2030 trailing a CAGR of 7.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.3% and 3.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Global Sintered Steel Market - Key Trends and Drivers Summarized

How Is Sintered Steel Reshaping Modern Manufacturing?

Sintered steel is a key material in powder metallurgy, known for its high strength, wear resistance, and cost-effectiveness. Produced by compacting and heating metal powders to form a solid mass, sintered steel is widely used in industries such as automotive, aerospace, machinery, and electronics. It offers advantages like reduced waste, precise shape control, and enhanced mechanical properties, making it an ideal choice for manufacturing complex components such as gears, bearings, and engine parts. As industries seek sustainable and efficient production methods, sintered steel is gaining traction as a critical material for both mass production and specialized applications.

What Are the Key Segments in the Sintered Steel Market?

Major types include alloyed sintered steel, stainless sintered steel, and soft magnetic sintered steel, with alloyed sintered steel holding the largest market share due to its enhanced strength and versatility in automotive and machinery applications. Key applications cover gears, bearings, structural parts, and magnetic components, with gears representing a significant segment as sintered steel provides excellent wear resistance and load-bearing capacity. End-user industries include automotive, aerospace, industrial machinery, and electronics, with the automotive sector leading the market due to its extensive use of sintered components in engines, transmissions, and chassis systems.

How Is Sintered Steel Being Integrated Across Various Industries?

In the automotive industry, sintered steel is used in manufacturing gears, engine components, and exhaust systems, where its strength, wear resistance, and cost-efficiency contribute to improved performance and fuel efficiency. The aerospace sector employs sintered steel for lightweight structural components, turbine parts, and landing gear systems, benefiting from the material`s high strength-to-weight ratio and precision. In the machinery industry, sintered steel components are utilized in hydraulic systems, compressors, and power tools, providing durability and reduced maintenance needs. The electronics industry uses sintered steel in soft magnetic components, which are essential for electromagnetic applications like transformers and inductors. Additionally, advancements in powder metallurgy, such as 3D printing and additive manufacturing, have expanded the potential of sintered steel in producing complex, custom-designed parts with minimal material waste.

What Factors Are Driving the Growth in the Sintered Steel Market?

The growth in the Sintered Steel market is driven by several factors, including the increasing demand for lightweight, high-strength materials across automotive, aerospace, and machinery sectors. The rise of electric vehicles (EVs) has accelerated the adoption of sintered steel components in engines, transmissions, and braking systems, where efficiency and durability are critical. Advancements in powder metallurgy, such as improved alloy compositions and additive manufacturing, have enhanced the mechanical properties and production capabilities of sintered steel, supporting broader applications. The focus on sustainable manufacturing processes, which emphasize material efficiency and waste reduction, has further fueled demand for sintered steel. Additionally, growing investments in infrastructure and industrial automation have expanded the use of sintered steel in heavy machinery, robotics, and power tools, contributing to market growth.

SCOPE OF STUDY:

The report analyzes the Sintered Steel market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Automotive, Machinery & Tools, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• Acerinox S.A.
• AMES Sintering Metallic Components
• Aperam
• ArcelorMittal
• ASCO Sintering
• GKN PLC
• Hitachi Chemical
• JSCMS
• Mirach Metallurgy Co., Ltd.
• Nippon Steel Corporation
• Outokumpu
• POSCO
• RTI Industries
• Samvardhana Motherson
• Sandmeyer Steel Company
• Sandvik AB
• Schmolz+Bickenbach AG
• Schunk Sinter Metals
• Sintercom India
• Sumitomo Electric Industries
• Synalloy Corporation
• The Miba Group
• thyssenkrupp Stainless GmbH
• Viraj Profiles Limited

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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