Global Sintered Steel Market Synopsis

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.