Market Overview:
The global sintered steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for sintered steel from various end-use industries, such as automotive, aerospace, construction and industrial, and other applications. Sintered steel is a type of metal that is manufactured by pressing powder metallurgy (PM) parts together under high pressure and then heating them until they fuse together. The use of sintered steel helps in reducing weight and improving performance characteristics of components or products. Some key benefits offered by sintered steels include high strength-to-weight ratio, good wear resistance, dimensional stability, corrosion resistance, and low thermal expansion coefficient.
Product Definition:
The term "sintered steel" usually refers to a type of steel that has been processed by sintering. Sintering is a heat treatment process that involves the compaction of powdered material into a solid mass. The powdered material is then heated until it liquefies and forms a solid mass. Sintered steels are often used in applications where high strength and toughness are required.
Stainless Steel:
Stainless steel is a ferritic alloy of nickel, iron, carbon & chromium. It has excellent corrosion resistance & high strength and is used in applications where aesthetic appearance is important factor. Stainless steel sintered parts are used in various industries such as automotive, aerospace & defense and medical among others.
Carbon Steel:
Carbon steel is a type of steel that contains carbon in the alloy. The carbon content in the steel can be varied from low (under 0.2%) to high (over 2%). The most common form of this metal is Low-alloy Steel (LAS), which has less than 10% carbon content by weight and High-alloy Steel (HAS) with more than 10% carbon content by weight.
Application Insights:
The global sintered steel market has been segmented on the basis of application into automobiles, construction and industrial, aerospace, and other applications. Automobiles were the largest application segment in 2017. The product is widely used in automotive components owing to properties such as high strength and resistance to wear & tear. In addition, it also has excellent corrosion resistance which helps maintain the aesthetic appearance of automobile parts over a longer period of time.
Aerospace was another significant segment that accounted for a considerable amount of share in 2017 due to increasing demand from end-users for aircraft components made using this material including landing gear doors, engine mounts & covers among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. Rapid industrialization coupled with increasing foreign investments in these countries has positively impacted the demand for steel sintered pellets. In addition, growing automotive production mainly in China and Japan owing to favorable government policies such as “Make in India†initiative by Indian Government are expected to have a positive impact on industry growth over the next eight years.
Europe accounted for a significant share of global revenue due to high product demand from aerospace & defense sector of Germany coupled with Italy and UK which forms majority of Europe's defense equipment along with other application areas such as construction industry where steel sintered pellet finds applications across various grades (low-carbon steel).
Growth Factors:
- Increasing demand from automotive and construction industries
- Growing urbanization and industrialization in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in manufacturing processes of sintered steel products
- Stringent environmental regulations for metal production
Scope Of The Report
Report Attributes
Report Details
Report Title
Sintered Steel Market Research Report
By Type
Stainless Steel, Carbon Steel, Alloy Steel, Tool Steel
By Application
Car, Aerospace, Construction and Industrial, Other
By Companies
Sumitomo Electric Industries, GKN PLC, Samvardhana Motherson, Hitachi Chemical, The Miba Group, ASCO Sintering, Sintercom India, AMES Sintering Metallic Components, Schunk Sinter Metals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Sintered Steel Market Report Segments:
The global Sintered Steel market is segmented on the basis of:
Types
Stainless Steel, Carbon Steel, Alloy Steel, Tool Steel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Car, Aerospace, Construction and Industrial, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sumitomo Electric Industries
- GKN PLC
- Samvardhana Motherson
- Hitachi Chemical
- The Miba Group
- ASCO Sintering
- Sintercom India
- AMES Sintering Metallic Components
- Schunk Sinter Metals
Highlights of The Sintered Steel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stainless Steel
- Carbon Steel
- Alloy Steel
- Tool Steel
- By Application:
- Car
- Aerospace
- Construction and Industrial
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sintered Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sintered steel is a type of steel that is made by heating and then cooling the metal to its desired temperature. The metal is then shaped into a desired shape and cooled again. This process creates a hard, durable material that can be used in many different ways.
Some of the key players operating in the sintered steel market are Sumitomo Electric Industries, GKN PLC, Samvardhana Motherson, Hitachi Chemical, The Miba Group, ASCO Sintering, Sintercom India, AMES Sintering Metallic Components, Schunk Sinter Metals.
The sintered steel market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sintered Steel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sintered Steel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sintered Steel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sintered Steel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sintered Steel Market Size & Forecast, 2020-2028
4.5.1 Sintered Steel Market Size and Y-o-Y Growth
4.5.2 Sintered Steel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Stainless Steel
5.2.2 Carbon Steel
5.2.3 Alloy Steel
5.2.4 Tool Steel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Car
6.2.2 Aerospace
6.2.3 Construction and Industrial
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sintered Steel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sintered Steel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Stainless Steel
9.6.2 Carbon Steel
9.6.3 Alloy Steel
9.6.4 Tool Steel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Car
9.10.2 Aerospace
9.10.3 Construction and Industrial
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Stainless Steel
10.6.2 Carbon Steel
10.6.3 Alloy Steel
10.6.4 Tool Steel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Car
10.10.2 Aerospace
10.10.3 Construction and Industrial
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Stainless Steel
11.6.2 Carbon Steel
11.6.3 Alloy Steel
11.6.4 Tool Steel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Car
11.10.2 Aerospace
11.10.3 Construction and Industrial
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Stainless Steel
12.6.2 Carbon Steel
12.6.3 Alloy Steel
12.6.4 Tool Steel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Car
12.10.2 Aerospace
12.10.3 Construction and Industrial
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Stainless Steel
13.6.2 Carbon Steel
13.6.3 Alloy Steel
13.6.4 Tool Steel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Car
13.10.2 Aerospace
13.10.3 Construction and Industrial
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sintered Steel Market: Competitive Dashboard
14.2 Global Sintered Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sumitomo Electric Industries
14.3.2 GKN PLC
14.3.3 Samvardhana Motherson
14.3.4 Hitachi Chemical
14.3.5 The Miba Group
14.3.6 ASCO Sintering
14.3.7 Sintercom India
14.3.8 AMES Sintering Metallic Components
14.3.9 Schunk Sinter Metals
