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Sintered Steel Market Growth Potential: How Will Market Size Shift Through 2030?
The sintered steel market size has seen steady expansion in recent years. It is anticipated to increase from $16.92 billion in 2025 to $17.68 billion in 2026, registering a compound annual growth rate (CAGR) of 4.5%. The historical period’s expansion is attributable to various factors, including growth in automotive manufacturing, the development of the industrial machinery sector, rising demand for high-strength steel components, the use of conventional sintering techniques, and an increased presence in electrical and drivetrain components.
The sintered steel market is projected to experience consistent expansion in the coming years, reaching $20.6 billion by 2030, driven by a compound annual growth rate (CAGR) of 3.9%. This expansion during the forecast period is fueled by several factors, including a heightened need for lightweight and robust sintered components, the increasing integration of additive manufacturing and powder forging processes, the rise in applications within automotive engines and transmissions, continuous innovations in sintering and metal injection molding technologies, and the broader application of sintered steel across electrical and industrial domains. Key developments anticipated in this period encompass the growing popularity of powder metallurgy methods, increased utilization of tool and alloy steel components, the expanding use in automotive and industrial engines, the widespread adoption of high-precision metal injection molding, and the creation of economical sintered steel products.
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Sintered Steel Market Industry Drivers: What’s Behind The Revenue Growth?
The swift expansion of the construction sector is anticipated to stimulate the growth of the sintered steel market moving forward. This economic domain involves the planning, design, development, building, and upkeep of residential, commercial, and infrastructure initiatives. The rise in construction industry activity is driven by continuous public and private funding aimed at fostering urbanization and modernizing infrastructure. Sintered steel supports the expansion of the construction industry by supplying high-strength and corrosion-resistant materials that enhance the durability, safety, and lifespan of building structures. As an illustration, the US Census Bureau stated in October 2023 that construction investment climbed to $1,983.5 billion in August 2023, up from $1,847.3 billion in August 2022, marking a 7.4% year-on-year increase. Therefore, the rapid growth of the construction industry is propelling the sintered steel market.
Sintered Steel Market Segmentation: How Does The Market Break Down By Category?
The sintered steel market covered in this report is segmented –
1) By Type: Stainless Steel, Carbon Steel, Alloy Steel, Tool Steel
2) By Process: Metal Injection Molding (MIM), Conventional Manufacturing, Powder Forging Manufacturing, Additive Manufacturing
3) By Application: Engines, Transmissions, Body, Chassis, Drivetrain, Electrical, Other Applications
4) By End-User Industry: Transportation, Industrial, Electrical, Other End-User Industries
Subsegments:
1) By Stainless Steel: Austenitic Stainless Steel, Ferritic Stainless Steel, Martensitic Stainless Steel
2) By Carbon Steel: Low Carbon Steel, Medium Carbon Steel, High Carbon Steel
3) By Alloy Steel: Low-Alloy Steel, High-Alloy Steel
4) By Tool Steel: High-Speed Steel (HSS), Cold Work Tool Steel, Hot Work Tool Steel
#Sintered Steel Market Growth Trends: What’s Shaping The Future Outlook?
Major companies operating in the sintered steel market are concentrating on developing advanced processing technologies, such as metal injection moulding, to address the need for producing small, complex metal parts at high volumes. Metal injection moulding is a manufacturing technique that combines plastic injection moulding with powder metallurgy to create precise and efficient small, intricate metal components. For instance, in June 2024, Desktop Metal, a US-based technology company, introduced the PureSinter Furnace, a high-purity, single-run debinding and sintering system specifically designed for processing metal parts produced via additive manufacturing methods like bound metal deposition and binder jetting, as well as traditional techniques such as metal injection molding (MIM) and press and sinter. This system effectively tackles common sintering contamination issues with a patent-pending design that integrates hot walls to prevent buildup and ensures an airtight environment for enhanced purity and efficiency. Capable of reaching 1,420°C, it supports various gases including argon, nitrogen, forming gas, and air, and features an advanced cooling system that removes the need for water cooling.
Sintered Steel Market Key Participants And Competitive Landscape
Major companies operating in the sintered steel market report are CNPC Powders Inc., Hitachi Chemical Co. Ltd., The Miba Group AG, ASCO Sintering Co., Sintercom India Ltd., AMES BARCELONA SINTERING S. A., Schunk Sinter Metals GmbH, Advanced Technology (Bazhou) Special Powder Ltd., Hoganas AB, Sintered Metal Corporation, Mirach Metallurgy Co., SSI Sintered Specialties LLC, Atlas Pressed Metals, Technymon Global Bearing Technologies S. r. l, Federal-Mogul Goetze Limited, Stackpole International Ltd., Tungsten Heavy Powder Inc., Umicore S. A., VAC AERO International Inc., Valtimet Oy
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Sintered Steel Market Geographic Analysis: Where Is Demand Accelerating Fastest?
Asia-Pacific was the largest region in the sintered steel market in 2025 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the sintered steel market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
