Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Sintered Steel Market size was over USD 25.51 billion in 2024 and is anticipated to cross USD 41.43 billion by 2037, growing at more than 3.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of sintered steel is assessed at USD 26.33 billion.
Increasing wide-scale applications of sintered steel in production of automobile products owing to its favorable mechanical properties are the significant factors boosting the market growth.
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of sintered steel is assessed at USD 26.33 billion.
Sintered Steel Market size was over USD 25.51 billion in 2024 and is anticipated to cross USD 41.43 billion by 2037, growing at more than 3.8% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is poised to hold largest revenue share by 2037, propelled by growing requirements of steel components by construction, transportation and electrical industries are met in the region.
The major players in the market are Sumitomo Electric Industries, Ltd., Hitachi Chemical Co., Ltd., POSCO Engineering & Construction, Ltd., Nippon Steel Corporation, Outokumpu, Sintercom India Ltd., ArcelorMittal, Aperam, Schunk Sintermetalltechnik GmbH, and others.
