Sintered Steel Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
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.
MARKET DYNAMICS
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.
MARKET SCOPE
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.
MARKET SEGMENTATION
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.
REGIONAL FRAMEWORK
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.
By Type
By Application
MARKET PLAYERS
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.
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.
MARKET DYNAMICS
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.
MARKET SCOPE
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.
MARKET SEGMENTATION
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.
REGIONAL FRAMEWORK
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.
Sintered Steel Market Report Analysis
Sintered Steel Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- Sumitomo Electric Industries Limited
- GKN PLC
- Samvardhana Motherson Group
- Hitachi Chemical
- The Miba Group
- ASCO Sintering Co.
- Sintercom India Ltd.
- AMES Sintering Metallic Components
- Schunk Sinter Metals
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Type
- Stainless Steel
- Alloy Steel
- Tool Steel
- Others
By Application
- Automotive
- Machinery and Tools
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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
- GKN PLC
- Samvardhana Motherson Group
- Hitachi Chemical
- The Miba Group
- ASCO Sintering Co.
- Sintercom India Ltd.
- AMES Sintering Metallic Components
- Schunk Sinter Metals
- SSI Sintered Specialties, LLC
Sintered Steel Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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
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
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