Sintered Steel Market to surpass USD 32.1 billion by 2032, Says Global Market Insights inc. [Yahoo! Finance]
SUMITOMO ELEC INDUS ADR (SMTOY)
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Source: Yahoo! Finance
Selbyville, Delaware, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Sintered Steel Market was valued at USD 23.5 billion in 2023 and is projected to be worth USD 32.1 billion by the end of 2032, as per a recent study by Global Market Insights Inc. The market expansion is fueled by advancements across key sectors, particularly automotive and industrial. As electric vehicles (EVs) continue to gain traction, there is a growing demand for robust, high-performance materials that can withstand the requirements of electric drivetrains. Sintered steel, recognized for its durability, strength, and cost-efficiency, has become an increasingly popular choice for various components in EVs. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/11584 In the automotive sector, the shift toward lightweight materials to enhance fuel efficiency and reduce emissions has significantly boosted the demand for sintered steel. This material offers an ideal balance between
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