Sintered Steel Market Overview
The global sintered steel market growth is driven by the rising need from automotive companies. Sintered steel is a metal that has undergone a sintering process, in which powdered metal is heated under its melting point until the particles form a molecular bond. Metals such as copper, iron and aluminum are commonly turned into sintered steel. Sintered steels normally possess resistance to high temperatures and a slow deformation rate. Powder metallurgy was valued for its ability to produce parts to near-net shape.
Sintered Steel Market Dynamics and Trends
Sintered steel is a widely used material in the automotive industry for manufacturing structural parts such as synchronizer gears, transmission clutch plates, timing sprockets and rollers, and power steering pressure plates. Most of the sintered steel applications in today's automobiles have resulted from substituting it for other fabrication methods. The possibilities for expanding its use are vast, as sintered steel can be compacted and sintered into high-precision shapes. This makes it possible to design and produce new types of engines and other components that were previously impossible.
Automotive manufacturers are investing heavily in research and development to develop new sintered steel materials and applications. For example, a novel high-density sintered steel for automotive powertrain gears has been developed by mixing Cr–Mo completely pre-alloyed powder. This material has been shown to achieve bending and surface fatigue strengths of 1.0 GPa and 2.0 GPa, respectively, in surface-rolled case-carburized gears with a density of more than 7.5 Mg/m3.
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The rising price of steel is a challenge for the sintered steel market, as it impacts the final cost of sintered steel products. Since March 2020, steel prices have increased by 215%. The benchmark price for hot-rolled steel has reached an all-time high of US$ 1,825. U.S. steel prices have increased by 200% and are expected to remain high into 2022. Chinese steelmakers are considering adjusting their sinter feed blending ratios as the price of medium grades has reached multi-year highs, increasing the value-in-use advantage of high-grade ores.
Sintered Steel Market Segmentation Analysis
By Type
- Stainless Steel
- Carbon Steel
- Alloy Steel
- Tool Steel
By Application
- Drivetrain
- Exhaust System
- Metal Filters and Porous Components
- Rotors and Impellers
- Surgical instruments
- Compressors
- Tools
- Others
By End-User
- Automotive
- Industrial
- Aerospace
- Medical
- Marine
- Electrical Electronics
- Others
By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
Major Companies Covered
MEK Group, Atlas Pressed Metals, GKN Sinter Metals Engineering GmbH, SSI Sintered Specialties, Nippon Steel Corporation, ASCO Sintering Co., Sumitomo Electric Industries Limited.
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