Sintered Steel Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Stainless Steel, Alloy Steel, Tool Steel, Others); Application (Automotive, Machinery and Tools, Others) and Geography
Report Code: TIPRE00024582
| No. of Pages: 150
| Category: Chemicals and Materials
| Status: Upcoming
Sintered steel components are manufactured by compacting and then sintering metallic steel powder to the shape of the desired component. Sinter hardened steel has an apparent hardness of up to 45 HRC and particle hardness up to 57 HRC. The sintering process is used to manufacture complex shapes such as frontal geometries, splines, gear teeth, and other complex profiles. Sintered steel is generally used to manufacture machine components that are exposed to high temperatures and corrosive work environments.
The process involved in manufacturing sintered steel components is green as the energy expended in manufacturing is low, and the waste material generated is negligible making the use of sintered steel lucrative in the automotive and aerospace industry. Also sintered steel components are up to 25% lighter in weight as compared to wrought iron components manufactured by conventional machining processes. The light weight of sintered components can be attributed to its internal micro-porosity. The use of sintered steel to manufacture a wide variety of automotive components such as engine drive gears, belt pulleys, chain sprockets, sensor boss, bearing caps etc. is expected to drive the global sintered steel market in the forecast period. However, sintered metal components have low ductility and hence the applications of sintered steel are limited, which can be a major factor acting as an impediment to the growth of the global sintered steel market.
The "Global Sintered Steel Market Analysis to 2028" is a specialized and in-depth study of the Chemicals & Materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the sintered steel market with detailed market segmentation by type, application. The global sintered steel market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sintered steel market players and offers key trends and opportunities in the market.
The global sintered steel market is segmented into type, application. By type, the sintered steel market is classified into Stainless Steel, Alloy Steel, Tool Steel, Others. By application, the sintered steel market is classified into Automotive, Machinery & Tools, Others.
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global sintered steel market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The sintered steel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sintered steel market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the sintered steel market in these regions.
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The report covers vital developments in the sintered steel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the sintered steel market are anticipated to lucrative growth opportunities in the future with the rising demand for sintered steel in the global market. Below mentioned is the list of few companies engaged in the sintered steel market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sintered steel market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
Sumitomo Electric Industries Limited
Samvardhana Motherson Group
The Miba Group
ASCO Sintering Co.
Sintercom India Ltd.
AMES Sintering Metallic Components
Schunk Sinter Metals
SSI Sintered Specialties, LLC
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
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The List of Companies
1. Sumitomo Electric Industries Limited
2. GKN PLC
3. Samvardhana Motherson Group
4. Hitachi Chemical
5. The Miba Group
6. ASCO Sintering Co.
7. Sintercom India Ltd.
8. AMES Sintering Metallic Components
9. Schunk Sinter Metals
10. SSI Sintered Specialties, LLC