Innovations in Powder Metallurgy: Emerging Opportunities in the Sintered Steel Market


Posted July 3, 2023 by aishwaryammr

Sintered Steel Market size was valued at US$ 24.91 Bn. in 2021 and the total revenue is expected to grow at 4.7 % through 2022 to 2029, reaching nearly US$ 35.98 Bn.
 
Sintered Steel Market Overview:

The competitive landscape of the Sintered Steel Market includes information about competitors. The contents include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, and application dominance. The preceding data points are solely relevant to the businesses' focus on the Sintered Steel market.

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Sintered Steel Market Scope:

This Sintered Steel market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, segmented market growth, application niches, and dominance, product approvals, product launches, geographic expansion For more information on the Sintered Steel market, please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.

Sintered Steel Market Segmentation:

by Type

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

The sintered steel market is divided into four types based on type: stainless steel, carbon steel, alloy steel, and tool steel.In 2021, the tool steel market had a sizeable share of. The expansion of this market is being driven by the rising demand for sintered steel across a wide range of end-use sectors, such as automotive, aerospace, industrial machinery, medical devices, and lawn and garden. High tensile strength, durability, and density are a few of tool steel's key advantages over other types of steel. The market demand for tool steel is being driven by a number of beneficial qualities of the material, such as better hardenability, greater impact strength, wear resistance, and toughness.

by Process

• Metal Injection Melding (MIM)
• Conventional Manufacturing
• Additive Manufacturing

The sintered steel market is further divided into Metal Injection Melding (MIM), Conventional Manufacturing, and Additive Manufacturing based on the manufacturing method.In 2021, the metal injection moulding (MIM) industry represented a sizable proportion of%. Due to its benefits, which include the ability to produce complicated parts in large quantities at a low cost, a shorter production cycle, the need for few finishing procedures, and the availability of a wide range of pre-alloys and master alloys.

by End-user

• Transportation
• Industrial
• Electrical
• Others

The sintered steel market is divided into four subsectors: transportation, industrial, electrical, and others.In 2021, the electrical segment had a sizable proportion of. As a low-cost, high-strength option that offers longevity and a range of design options, these items are growing in popularity. When compared to other premium materials, it offers economic advantages both in terms of pricing and durability due to its low maintenance needs and outstanding endurance. These reasons have led to an increase in its application in machinery parts, industrial machinery, hospitality equipment, and medical equipment.

by Application

• Engines
• Transmissions
• Body
• Chassis
• Drivetrain
• Electrical
• Others

The sintered steel market is divided into applications for engines, transmissions, bodies, chassis, drivetrains, electrical, and others.In 2021, the engines segment had a sizable proportion of. Sintered components are used 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 products and parts are used in a variety of industries, including engine, gearbox, body and chassis manufacture in the automotive and transportation industries.Sintered steel is also utilised in numerous other industries, such as the production of industrial machinery, electronic and electrical components, and medical devices. The automotive sector is the primary industry where sintered steel is used.



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Sintered Steel Market Key Players: The following are the key players of the Sintered Steel market-

• 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

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Sintered Steel Market Regional Analysis:

The geographical section of the research also includes individual market influencing variables and changes in market regulations that effect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.

COVID-19 Impact Analysis on Sintered Steel Market: The research also addresses the impact of COVID-19 on the Sintered Steel market. The basic purpose of this study is to help the user understand the market in terms of definition, segmentation, market potential, noteworthy trends, and the issues that the industry is facing across key regions. The study provides micro and macroeconomic analysis of the total impact of COVID-19 on the Sintered Steel Market. The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the worldwide Sintered Steel Market in the next years.

Key Questions Answered in the Sintered Steel Market Report are:

What will be the CAGR of the Sintered Steel market during the forecast period (2021-2027)?
Which segment emerged as the leading segment in the Sintered Steel market?
Which are the prominent players in the Sintered Steel market?
What key trends are likely to emerge in the Sintered Steel market in the forecast period?
What will be the Sintered Steel market size by 2027?
Which company held the largest share in the Sintered Steel market in 2020?
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Issued By Aishwarya
Phone  +91 9607365656
Business Address MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT Park Phase 2,
Pune Bangalore Highway, Narhe, Pune, Maharashtra 411041, India.
Country India
Categories Technology
Tags sintered steel market , sintered steel market share , sintered steel market business
Last Updated July 3, 2023