Sintered Steel Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Alloy Steel, Carbon Steel, Stainless Steel, and Tool Steel), By Process (Additive Manufacturing, Conventional Manufacturing, Metal Injection Molding (MIM), and Powder Forging Manufacturing), By Application (Body, Chassis, Drivetrain, Electrical, Engines, Transmissions, and Others), By End User (Electrical, Industrial, Transportation and Others (Recreational/hobbies Equipment, sports, gun components, hardware, computers, etc.) and Region Forecast 2020-2031

Sintered Steel Market size was valued at US$ 26.1 million in 2024 and is expected to reach US$ 39.2 million by 2031, growing at a significant CAGR of 6.0% from 2025-2031. Sintering is a manufacturing method that produces a homogeneous solid material by applying heat or pressure to a compact powder. Sintering is often used to minimize porosity and increase the thermal conductivity, strength, and electrical conductivity of a base material. The global Sintering Market is predicted to benefit from powder metallurgy's competent development and applications in a variety of industries. Power metallurgy-based process technologies, such as hot isostatic pressing (HIP) with particularly good features, are largely employed in land-based and aero-engine gas turbine applications. Titanium powder metallurgy is gaining appeal in the aviation industry for weight reduction in replacement steel parts and cost reductions in sectors where wrought-route titanium is already used. Sintering is a manufacturing process that includes heating metal alloys to just below their melting temperatures and then shaping them into complex and unique shapes. It occurs naturally in mineral formations.

During the production process, sintering is typically utilised to shape materials having extremely high melting points, such as molybdenum and tungsten. Mergers and acquisitions are improving firm market shares in the market. Abrasion resistance, corrosion resistance, and lightweight are just a few of the benefits of sintered parts. Due to an increasing preference for sintering over traditional manufacturing processes, the Sintering Market is developing. Sintering is a thermal process that increases the strength and structural integrity of a material. this report studies global Market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, The global report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the global market to better equip clients with possible investment opportunities across the regions (regional Investment hot spots) and market unmet needs (Product opportunities).