Sintered Steel Global Market Report 2025

This Sintered Steel report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The sintered steel market size has grown steadily in recent years. It will grow from $16.44 billion in 2024 to $17.23 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to demand for lightweight and high-performance materials, increased adoption of sintered steel inThe automotive industry, growing manufacturing and industrial sector, need for durable and strong materials, expansion ofThe electronics industry.

The sintered steel market size is expected to see steady growth in the next few years. It will grow to $20.7 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to growing electric vehicle (EV) market, rising demand in aerospace, renewable energy sector demand, advancements in additive manufacturing, oil and gas exploration. Major trends in the forecast period include powder metallurgy advancements, integration of advanced alloys, digitalization and industry 4.0, application in 5g technology, emerging technological advancements in the powder metallurgy industry.

The growth of the sintered steel market is being fueled by the expanding automotive sector and a rising demand for innovative designs. The automotive industry is witnessing a surge in innovation, particularly in software-based systems, driven by the concepts of electrified, autonomous, connected, and shared (EACS) vehicles. The need for upgradable cars, coupled with the innovative application of sintered components replacing traditional forged metal parts, is evident in the sector. Notably, in August 2023, the Board of Governors of the Federal Reserve System reported an increase in total vehicle production in the United States to 11. 77 million units, up from 10. 91 million units in June. The sintered steel market is poised to benefit from the expansion of the automotive sector and the growing demand for inventive designs.

The sintered steel market is anticipated to experience substantial growth due to the rapid expansion of the construction industry. With its exceptional durability and resistance to corrosion, sintered steel is becoming a preferred material in various construction applications. This adoption enhances the safety, lifespan, and overall robustness of buildings and infrastructure. A significant uptick in construction investment, as indicated by the US Census Bureau's prediction of a rise to $1,983. 5 billion in August 2023, up 7. 4 percent from $1,847. 3 billion in August 2022, underscores the driving force of the sintered steel market's growth.

Leading companies in the sintered steel market are increasingly focusing on innovative processing technologies like metal injection molding (MIM) to meet the rising demand for producing small, intricate metal parts in large quantities. Metal injection molding combines plastic injection molding with powder metallurgy, allowing for the efficient and precise creation of small, complex metal components. For example, in June 2024, US-based technology firm Desktop Metal introduced the PureSinter Furnace, a high-purity, single-run debinding and sintering system. This system is designed for processing metal parts produced via additive manufacturing techniques like bound metal deposition and binder jetting, as well as traditional methods such as MIM and press and sinter. The PureSinter Furnace addresses common sintering contamination issues with a patent-pending design that includes hot walls to prevent buildup, ensuring an airtight environment for enhanced purity and efficiency. Capable of reaching temperatures up to 1,420°C, it supports various gases such as argon, nitrogen, forming gas, and air, and includes an advanced cooling system that eliminates the need for water cooling.

Major companies in the sintered steel market are focusing on investment strategies like developing sintering plants to boost operational efficiency. Sintering plants are industrial facilities where fine materials, such as metal ores or powders, are agglomerated into larger, porous masses through a heating process that stops short of melting. This process improves the properties of these materials for use in steelmaking and other metallurgical applications. For example, in March 2024, Malaysia-based Ferroalloy manufacturing company Sakura Ferroalloys Sdn Bhd invested RM1.41 billion to construct a sinter plant in Bintulu. The company also plans further investments to produce refined ferromanganese products at its smelting facility in Samalaju Industrial Park. The new plant will upgrade alloy ore fines through the sintering process, reducing production costs, increasing furnace productivity, and ultimately lowering Sakura Ferroalloys' overall cost base.

In June 2024, US-based private equity firm Continuim Equity Partners acquired Innovative Sintered Metals, Inc. for an undisclosed sum. The goal of the acquisition is to combine the expertise and resources of both companies to enhance product offerings and create new opportunities for customers in the powder metallurgy industry. Innovative Sintered Metals, Inc. is a US-based manufacturing company that specializes in powder metallurgy, focusing on the production of sintered metal components.

Major companies operating in the sintered steel market include CNPC Powders Inc., Guest Keen & Nettlefolds Ltd., Samvardhana Motherson International Ltd., Hitachi Chemical Co. Ltd., The Miba Group AG, ASCO Sintering Co., Sintercom India Ltd., AMES BARCELONA SINTERING S. A., Schunk Sinter Metals GmbH, CNPC Powders Inc., Erasteel Ltd., Advanced Technology (Bazhou) Special Powder Ltd., Hoganas AB, Polema JSC, Sintered Metal Corporation, Posco India Pvt. Ltd., Nippon Steel Corporation, Outokumpu Oyj, ArcelorMittal SA, Schmolz+Bickenbach AG, Thyssenkrupp Stainless AG, Acerinox S. A., Mirach Metallurgy Co., SSI Sintered Specialties LLC, Mechanical and Chemical Industry Corporation, Atlas Pressed Metals, Technymon Global Bearing Technologies S. r. l, Federal-Mogul Goetze Limited, Resonac Corp., Stackpole International Ltd., Tungsten Heavy Powder Inc., Umicore S. A., VAC AERO International Inc., Valtimet Oy.

Asia-Pacific was the largest region in the sintered steel market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the sintered steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sintered steel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

Sintered steel is a form of steel that employs heat to bond powdered material into a tougher, stronger component, allowing for the creation of complex shapes, the production of alloys, or the manipulation of metals with very high melting points. It is cost-effective, generates minimal material waste, offers precision, and typically requires little to no calibration processes.

Sintered steels find applications across different industries, including transportation, industrial, electrical, and others such as recreational/hobbies equipment, sports, gun components, hardware, and computers. They are used in critical components such as engines, transmissions, bodies, chassis, drivetrain, electrical systems, and more, with applications extending to the aerospace sector. The growth of sintered steel in the historic period is a result of its versatility and effectiveness in meeting specific industrial requirements.

The sintered steel market research report is one of a series of new reports that provides sintered steel statistics, including sintered steel industry global market size, regional shares, competitors with sintered steel market shares, detailed sintered steel market segments, sintered steel market trends and opportunities, and any further data you may need to thrive in the sintered steel industry. This sintered steel research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The sintered steel market consists of sales of copper steel, diffusion alloyed steel, and copper-infiltrated alloys. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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