The Global Sintered Steel Market was worth USD 25.1 Billion in 2023. As such, the forecast is that the market is expected to reach USD 35.2 Billion by 2032 with a CAGR of 4.30% from 2024 to 2032.
Sintered steel is produced through powder metallurgy, where steel powder is compacted and heated just below its melting point. This process bonds the particles, creating a strong, durable material with enhanced wear resistance and mechanical properties. Sintered steel is widely used in automotive, aerospace, and industrial applications due to its cost-effectiveness and versatility.