Sintered Steel Market size was valued at USD 3.5 Billion in 2024 and is forecasted to grow at a CAGR of 6.5% from 2026 to 2033, reaching USD 5.7 Billion by 2033.
The South Korea sintered steel market has experienced notable growth in recent years, driven by increasing demand from various industrial sectors. Sintered steel, produced through a process of heating metal powders without melting them, offers superior strength and durability, making it an essential material for applications in automotive, aerospace, and manufacturing industries.
One of the key drivers of the sintered steel market in South Korea is the automotive industry, which requires components like gears, bearings, and transmission parts. These components benefit from sintered steel’s ability to maintain high strength while being lighter than traditional steel. Additionally, the sintering process allows for cost-effective production of complex shapes, which is a significant advantage for manufacturers aiming to reduce production costs.
Another major industry pushing the demand for sintered steel is the aerospace sector, where parts such as turbine blades, engine components, and structural materials are increasingly being made from sintered steel. The high performance and heat resistance offered by sintered steel meet the stringent requirements of this sector, ensuring safety and reliability under extreme conditions.
Manufacturers in South Korea are also seeing the benefits of sintered steel in the production of various industrial tools, cutting machinery, and medical devices. This material’s ability to be tailored for specific applications, such as wear resistance or high thermal conductivity, is pushing its use across a range of manufacturing fields.
As South Korea’s industries continue to demand higher precision, reduced weight, and increased durability in their components, the sintered steel market is expected to expand further. The demand for sintered steel products is predicted to grow due to advancements in manufacturing techniques and the increasing use of automation in production processes, making sintered steel a material of choice for many industries in South Korea.
The growing trend of eco-friendly manufacturing also plays a significant role in the market's evolution. The sintering process generates less waste compared to traditional metalworking processes, making it a more sustainable option for companies aiming to reduce their environmental impact.
Overall, the sintered steel market in South Korea is thriving, driven by the diverse requirements from key industries. As demand for advanced materials continues to rise, sintered steel will remain at the forefront of material science in South Korea’s industrial sectors.
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Sumitomo Electric Industries
GKN PLC
Samvardhana Motherson
Hitachi Chemical
The Miba Group
ASCO Sintering
Sintercom India
AMES Sintering Metallic Components
Schunk Sinter Metals
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Sintered Steel Market
Iron-based alloys
Copper-based alloys
Nickel-based alloys
Stainless steel
Other specialty alloys
Parts and components
Tools and dies
Automotive components
Industrial equipment
Consumer goods
Automotive
Aerospace
Machine tools
Electronics
Construction equipment
Automotive industry
Aerospace industry
Manufacturing sector
Railway
Oil and gas industry
Standard shapes (such as discs, bars)
Custom designed parts
Complex geometries
Near-net-shape products
Preforms and blanks
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Sintered Steel Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Sintered Steel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Sintered Steel Market, By Type
6. South Korea Sintered Steel Market, By Application
7. South Korea Sintered Steel Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Sintered Steel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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