Metal and Mineral Industry Overview

The white cement market consists of sales of white cement by entities (organizations, sole traders, and partnerships) that produce concrete that is perfectly colored and consistent throughout. White cement is a portland cement prepared from raw materials that are low in iron compounds, which give traditional portland cement its grey color. The main types of white cement are white portland cement, white masonry cement, white PLC cement, and others. White portland cement is similar to ordinary gray portland cement except with relevance to color and fineness. it is used in decorative works and for many different prestigious construction projects. The different grades include type I, type III, others and are used in various sectors such as residential, commercial, and industrial. The global white cement market size is expected to grow from $5.87 billion in 2021 to $6.43 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The growth in the white cement market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The white cement market is expected to reach $7.98 billion in 2026 at a CAGR of 5.6%. Rising residential construction projects are contributing to the growth of the white cement market. According to the Global Construction 2030 report published by Oxford Economics, the volume of construction output will be growing by nearly 85% to $15.5 trillion worldwide by 2030, three countries China, the US, and India are leading the way. White Portland cement is mixed with white aggregates to make white concrete, which is utilized for luxurious construction projects and decorative work. Thus the increasing residential construction activity is expected to increase demand for white cement. For instance, according to the National House Building Council (NHBC), roughly 1.4 million new homes are expected to be built in the UK by 2029. Therefore, the rising residential construction projects are expected to fuel the growth of the white cement market going forward. Technological advancement is a key trend gaining popularity in the white cement market. Companies in the white cement market are increasingly focusing on new technologies such as carbon capture, utilization, and storage (CCUS) for more efficient and sustainable cement forms For instance, in June 2021, Carbicrete, a Canada-based carbon removal technology company is using captured carbon dioxide for accelerating the curing process of concrete while strengthening and sequestering the gas. The technology cuts out the need for calcium-based cement, a key ingredient in traditional concrete, which is a significant contributor to global CO2 emissions. In March 2019, Cimsa a Turkey-based manufacturer of cement clinker and ready mixed concrete acquired Buñol for $180 million. Through this acquisition, Cimsa will significantly by increasing the supply to Turkey's export revenues. Buñol is a Spain-based white cement plant that manufactures cement. Major players in the white cement market are Adana Cimento Sanayi T.A.S, Cementir Holding SPA, Cementos Portland Valderrivas S.A, Cemex S.A.B De C.V, Cimsa Cement Industry and Trade Inc, Federal White Cement Ltd., JK Cement Ltd, Royal White Cement Inc, Saveh Cement Company, Société Tuniso-Andalouse de Ciment Blanc S.A., Ultratech Cement Ltd, Ras Al-Khaimah (RAK) Company, Adana Cimento Sanayii T.A.S, Sinai White Portland Cement Co, Neyriz White Cement Company, Buzzi Unicem SpA, Shargh White, and Italcementi. Asia-Pacific was the largest region in the white cement market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the white cement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the white cement market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global white cement market is segmented - 1) By Type: White Portland Cement, White Masonry Cement, White PLC Cement, Others 2) By Grade: Type I, Type III, Others 3) By End Use: Residential, Commercial, Industrial

Metal Matrix Composite Market Definition

The metal matrix composite market consists of sales metal matrix composites by entities (organizations, sole traders, and partnerships) that manufacture metal matrix composite materials. Metal matrix composites (MMCs) is a composite material made up of two constituent parts, of which at least one is metal and other material may be a different metal or another material. MMCs are a class of materials (metals, alloys, or intermetallic compounds) that have been reinforced with particles, whiskers, or continuous fibers. MMCs can be excellent substitutes to conventional materials owing to their hardness, specific strengths, and creep resistance. Metal matrix composites are composed of a metallic matrix (such as magnesium, cobalt, aluminum, or copper) with a dispersed phase distributed through. MMCs combine the properties of two different materials to produce a material with superior mechanical properties. Based on metallic matrix configurations, metal matrix composites are classified into different categories such as aluminum-based composites, magnesium-based composites, titanium-based composites, copper-based composites, and super alloy-based composites.

The rare earth metals market consists of sales of rare earth metals by entities (organizations, sole traders, and partnerships) that are used as components in high technology devices in wind turbines, computer hard drives, electric car motors, solar panels, and lithium-ion batteries. Rare earth metals are a group of 17 chemical elements that are all metals and play a vital role in a clean-tech-driven economy. The main types of products of rare earth metals are light rare earth metals, heavy earth metals, and others. The lanthanides with the lowest atomic numbers are known as light rare earth metals and include praseodymium, cerium, samarium, lanthanum, scandium, and neodymium. The different types of metals include neodymium, yttrium, dysprosium, terbium, europium, cerium, lanthanum, others and are used in magnets, catalysts, metallurgy, polishing, glass, phosphors, ceramics, others. The global rare earth metals market is expected to grow from $5.22 billion in 2020 to $5.72 billion in 2021 at a compound annual growth rate (CAGR) of 9.6%. The growth of the rare earth metals market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The rare earth metals market is expected to reach $8.88 billion in 2025 at a CAGR of 11.6%. An increase in the demand for electronics is expected to serve as a major driver of the rare earth metals market in the forecast period. Rare earth metals are widely used in the manufacturing of electronic products such as cellular telephones, computer hard drives, flat-screen monitors, and televisions. According to data by StockApps.com, a UK-based centric brokerage firm that allows users to trade online, global consumer spending in electronics is expected to reach $1.06 trillion in 2021. This will create a significant surge in demand for the rare earth metals market and thus will propel the growth of the rare earth elements. The development of ultrathin 2D magnets is shaping the rare earth metals market, leading to new applications in computing and electronics. This ultrathin 2D magnet can operate at room temperature and can be used in computing and electronics. For instance, in July 2021, Scientists at the Department of Energy, Lawrence Berkeley National Laboratory recently developed an ultrathin 2D magnet that is chemically stable under ambient conditions and can be used in high-density, compact spintronic memory devices. In April 2020, USA Rare Earth, LLC, a US-based company specializing in critical heavy rare earth elements and high-tech metals acquired Hitachi Metals America, Ltd for an undisclosed amount. Under the terms of the agreement, USA Rare Earth bought Hitachi Metals America's neodymium iron boron (NdFeB) permanent magnet production equipment, which was located in North Carolina. Hitachi Metals America is a US-based company and a subsidiary of Hitachi Metals that offers rare earth metals such as the family of permanent magnets, Neodymium (Nd)-Iron (Fe) Boron (B). Major players in the rare earth metals market are Lynas Rare Earths, Iluka Resources, Greenland Minerals, Northern Minerals, Arafura Resources limited, Neo Performance Materials, MP Materials Corp., Australian Strategic Materials Limited, Hitachi Metals Ltd, Energy Fuels Inc., Pensana Rare Earths PLC, Hastings Technology Metals Limited, Texas Mineral Resources, Shin-Etsu Chemical Co. Ltd, Showa Denko K. K., Rare Elements Resources limited, Ucore Rare Metals, Rainbow Rare Earths, RareX Limited, Leading Edge Materials Corp, and Ionic Rare Earths. Asia Pacific was the largest region in the rare earth metals market in 2020. The regions covered in the rare earth metals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the rare earth metals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global rare earth metals market is segmented - 1) By Product Type: Light Rare Earth Metals, Heavy Earth Metals, Others 2) By Metal Type: Neodymium, Yttrium, Dysprosium, Terbium, Europium, Cerium, Lanthanum, Others 3) By Application: Catalysts, Ceramics/Glass, Glass Polishing, Metallurgy, Others

The ISO tank container market consists of sales of tank containers by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing intermodal ISO tank containers for transporting liquid products. The ISO tank container is designed and manufactured as per the guidelines defined by the International Organization of Standardization (ISO). The ISO tank containers are suitable for different modes of transportation and can transport both hazardous and non-hazardous products. The main types of containers in ISO tank containers are dry container, thermal and refrigerated container, tank container, open-top container, insulated container, flat rack container, and others. Thermal and refrigerated containers are temperature-controlled transportation containers that maintain a constant low temperature. They are only used to transport perishable goods such as fruits and vegetables over vast distances. The different modes of transportation include road, rail, marine and are used to transport chemicals, petrochemicals, food and beverage, pharmaceuticals, industrial gas, others. The global ISO tank container market is expected to grow from $0.91 billion in 2020 to $0.99 billion in 2021 at a compound annual growth rate (CAGR) of 8.9%. The growth of the ISO tank container market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The ISO tank container market is expected to reach $1.46 billion in 2025 at a CAGR of 10%. The growing petrochemical industry is expected to propel the growth of the ISO tank containers market in the forecast period. The ISO tank containers are used for transporting hazardous petrochemicals as they are made up of stainless steel and are surrounded by various types of protective layers that provide resistance to the corrosive effects of the petrochemicals. For instance, according to the TBRC report, the global petrochemicals market is expected to grow from $365.01 billion in 2020 to $429.11 billion in 2021 at a compound annual growth rate (CAGR) of 17.6%. Additionally, according to the International Energy Agency, petrochemicals are expected to account for about 50% of the growth in global oil demand between 2030 and 2050, contributing nearly 7 million barrels of oil. The ISO tank containers leave almost less than 50% of the carbon footprint and hence they are majorly used to ship chemicals by petrochemical industries. Therefore, the growth of the petrochemical industry drives the growth of the ISO tank containers market. Usage of the internet of things (IoT) for remote monitoring of ISO tank containers is shaping the ISO tank container market. The Internet of Things (IoT) is a system of internet-connected objects that can collect and transfer data over a wireless network without human intervention. Many companies operating in the ISO tank container sector are increasingly partnering with companies offering IoT software. For instance, in July 2021, Arkema, a France-based chemicals company collaborated with Nexxiot a Swiss company offering digital logistics solutions. This collaboration seeks to digitize Arkema's ISO tank (tank container) and rail freight wagon fleets, utilizing Nexxiot's IoT devices and intelligent cloud platform to help Arkema clients achieve end-to-end visibility, increase quality standards, and improve the overall service experience. In May 2019, COSCO Shipping Financial Holdings Co., Limited, China-based transportation, and logistics company acquired container manufacturing assets of Singamas Container Holdings Limited for a deal amount of $0.56 billion (3.8 billion RMB). The acquisition would allow COSCO to increase its container manufacturing market share and capacity scale to the second-highest in the world. COSCO will also improve the synergy effect in the shipping business by better utilizing the scale effect of the entire manufacturing sector. Singamas Container Holdings Limited is a China-based manufacturer and provider of ISO tank containers and logistics services. Major players in the ISO tank container market are China International Marine Containers Co. Ltd, Nantong Tank Container CO. Ltd., CXIC Group Containers Company Limited, Singamas Container, Welfit Oddy, Danteco Industries BV, Bewellcn Shanghai, Chart Industries Inc., Corban Energy Group, Cryeng Group, Furuise, Intermodal Tank Transport., M1 Engineering, Quantum Technologies Group Inc., and Rootselaar Group. Europe was the largest region in the ISO tank container market in 2020. North America was the second-largest region in the ISO tank container market. The regions covered in the ISO tank container market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the ISO tank container market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global ISO tank container market is segmented - 1) By Container Type: Dry Container, Thermal and Refrigerated Container, Tank Container, Open Top Container, Insulated Container, Flat Rack Container, Others 2) By Transport Mode: Road, Rail, Marine 3) By Application: Chemicals, Petrochemicals, Food And Beverage, Pharmaceuticals, Industrial Gas, Others

The food cans market consists of sales of food cans by entities (organizations, sole traders, and partnerships) that manufacture containers for the distribution or storage of food and beverage items. The food is processed and sealed in airtight containers with tops that can be lifted and replaced. These cans are used to store a variety of fruit, vegetables, dairy, fish, meat, ready meals, pet food, infant milk powder, and other food products.

The main types of materials used for food cans are aluminum and steel. Aluminum cans are made from alloys of aluminum, which are generally strong and very lightweight The food cans used usually are either 2-piece cans or 3-piece cans. The food cans are used in meat, poultry, and seafood, pet food, bakery and confectionery, sauces, jams and pickles, fruits and vegetables, tea and coffee, others.

The global food cans market is expected to grow from $24.41 billion in 2020 to $25.91 billion in 2021 at a compound annual growth rate (CAGR) of 6.1%. The growth in the food cans market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The food cans market is expected to reach $32.69 billion in 2025 at a CAGR of 6%.

The increase in the penetration of organized retail is expected to be a major driver of the food cans market over the coming years. Increased disposable incomes, shifting consumer preferences and tastes, shifting demographic profiles, and increased expenditures are all contributing to the organized retail sector's growth. Vendors rely on the organized retail sector to distribute and sell their products, and large organized retailers carry vast volumes of canned foods and beverages in their stores. For instance, according to the Retailers Association of India (RAI), the share of the organized retail market is expected to grow to 22-25% by 2021 in India, which is expected to increase the sales of food cans in the country.

Recyclable aluminum cans are shaping the food cans market. The companies operating in the food cans sector are increasingly focusing on recyclable aluminum cans to strengthen their position. For instance, in July 2019, Ardagh Group, a Luxembourg-based producer of glass and metal products launched a new slimline 187 ml, which are specifically designed to present and protect wine and wine-based drinks. The can is airtight, lightproof, and shatterproof and is composed of 100% recyclable aluminum. Both the can end and the body of this innovative design has unique requirements to preserve the wine's quality throughout filling, transit, and storage.

In August 2019, Envases del Plata S.A., an Argentina-based aluminum packaging solutions company acquired Ball Corporation’s tinplate steel aerosol packaging facilities in Garin and San Luis, Argentina for an undisclosed amount. The acquisition strengthened the product portfolio of Envases del Plata S.A. and would aid in further growth in the region. Ball Corporation is a US-based company that provides innovative, sustainable aluminum packaging for beverage, personal care, and household products.

Major players in the food cans market are Crown Holding Inc., Ardagh Group, Kian Joo Group, Silgan Holdings Inc., Can-Pack S.A., Envases del Plata, CPMC Holding Limited, Wells Can Company, Toyo Seikan Group Holdings Ltd, Aaron Packaging Inc., Jamestrong Packaging, Kingcan Holdings Limited, HUBER Packaging Group GmbH, Tetra Laval International S.A., and Independent Can Company.

North America was the largest region in the food cans market in 2020. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food cans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the food cans market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The global food cans market is segmented -

1) By Material: Aluminum Cans, Steel/Tin Cans

2) By Product: 2-Piece Cans, 3-Piece Cans

3) By End Use: Meat, Poultry And Seafood, Pet Food, Bakery And Confectionery, Sauces, Jams And Pickles, Fruits And Vegetables, Tea And Coffee, Others

The welding products market consists of sales of welding products by entities (organizations, sole traders, and partnerships) that manufacture welding products that use a filler material in the welding process for joining metals such as stainless steel, aluminum, nickel, and copper alloys, cobalt, and titanium. Welding products are the materials or consumables that are used to carry out the welding process to create parts and finished products for a wide range of industries.

The main product types in welding products are stick electrodes, solid wires, flux-cored wires, saw wires and fluxes, and others. Stick electrodes are consumable used for repairing work and they are self-shielded and cut down on the amount of equipment needed. The different types of technologies include arc welding, resistance welding, oxy-fuel welding, laser beam welding, others and is implemented in various verticals such as the automobile and transportation sector, building and construction, marine, and others.

The global welding products market is expected to grow from $12.10 billion in 2020 to $13.31 billion in 2021 at a compound annual growth rate (CAGR) of 10%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The welding products market is expected to reach $18.08 billion in 2025 at a CAGR of 8%.

The rapid expansion of the construction sector is expected to propel the growth of the welding products market in the forecast period. The construction sector is a very diverse industry that includes various activities such as infrastructure, buildings, and maintenance. Welding is mostly used in the production of structural frameworks from metal components. Welding is used for joining trusses, footers, steel I-beams and columns that maintain a building's walls, roof, and floors. For instance, according to the Intercontinental Exchange (ICE), a US-based technology company the global construction sector is expected to grow to $8 trillion by 2030. Therefore, the rapid expansion in the construction sector drives the growth of the welding products market.

Technological advancement in welding products is a key trend gaining popularity in the welding products market. The key players in the welding products market are developing technologically advanced products with improved impact, wear resistance, and combined abrasion to meet industrial requirements. For instance, in May 2019, Castolin Eutectic, a Switzerland-based manufacturer of welding brazing and coating solutions launched new formulations for welding wire EnDOtec DO*327 and new electrode 6327 XHD using XHD technology. The welding wire EnDOtec DO*327 and new electrode 6327 XHD has high impact wear resistance and advanced combined abrasion properties that provide improved weldability, performance, and deposition rate.

In May 2019, Lincoln Electric Holdings, Inc., a US-based manufacturer of welding products and equipment acquired 49.6% interest in Kaynak Teknigi Sanayi ve Ticaret A.S. (Askaynak) for an undisclosed amount. Through this acquisition Lincoln Electric Holdings, Inc advances its regional growth strategy. Kaynak Teknigi Sanayi ve Ticaret A.S. (Askaynak) is a Turkey-based manufacturer of welding consumables, arc welding equipment.

Major players in the welding products market are The Lincoln Electric Company, Colfax Corporation, Illinois Tool Works Inc, Kemppi Oy, Kiswel Inc., Obara Corporation, Senor Metals Pvt. Ltd., Tianjin Bridge Welding Materials Co. Ltd., ESAB, and Ador Welding Ltd.

Asia Pacific was the largest region in the welding products market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the welding products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The global welding products market is segmented -

1) By Product: Stick Electrodes, Solid Wires, Flux Cored Wires, Saw Wires And Fluxes, Others

2) By Technology: Arc Welding, Resistance Welding, Oxy Fuel Welding, Laser Beam Welding, Others

3) By Application: Automotive And Transportation, Building And Construction, Marine, Others

The metal-organic framework (MOFs) market consists of sales of metal-organic frameworks by entities (organizations, sole traders, and partnerships) that have physical and chemical properties and also have features such as high surface area, easily adjustable structure, and flexibility. Metal-organic frameworks are a class of nanoporous crystalline materials that consist of a regular array of positively charged metal ions surrounded by organic linker molecules.

The main types of metal-organic frameworks are zinc-based, copper-based, iron-based, aluminum-based, and magnesium-based. A zinc-based organic framework is a framework in which zinc is present as the metal ion which is synthesized via the hydrothermal method and used as a selective nano adsorbent for the extraction and preconcentration of trace amounts of cadmium. The metal-organic framework is mainly used in gas storage, gas and liquid adsorption, catalysis, and drug delivery.

The global metal-organic framework (MOF) market is expected to grow from $152.63 million in 2020 to $191.76 million in 2021 at a compound annual growth rate (CAGR) of 25.6%. The change in growth trend of the metal-organic framework market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The MOFs market is expected to reach $485.06 million in 2025 at a CAGR of 26.1%.

The growing production of industrial gases for different applications is expected to propel the growth of the metal-organic framework market. Industrial gases are those that are gases at room temperature and pressure such as oxygen, hydrogen, and nitrogen, and they are used in various industrial applications such as in the production of chemicals, power, medicine, electronics, aerospace, and food. MOFs are used for industrial gas storage and separation along with catalysis. According to Entrepreneur India, the Indian industrial gases market is expected to surpass $3.9 billion in the year 2023 because of the growing demand for the metal industry. Therefore, the increasing production of industrial gasses for different applications drives the growth of the metal-organic framework market.

Technological advancement in material science is an emerging trend in the metal-organic framework market. Metal-organic frameworks are a new class of crystalline materials that are porous and can capture compounds in their molecular cavities. Some MOFs can be transformed into glass by cooling their liquid state. For example, some liquid and glass MOFs can exhibit properties of luminescence that demonstrate porosity, ion conductivity, and optical properties. They can also store heat in energy devices for gas permeation. For instance, in August 2020, EnergyX and ProfMOF had entered a partnership to promote the use of metal-organic frameworks (MOFs). Both the companies are looking for ways to implement nanotechnology materials that are suitable in the development of projects involving renewable energy and large-scale lithium-ion production and battery storage.

In April 2021, Ascensus Specialties LLC, a US-based chemical company acquired Strem Chemicals, Inc. for an undisclosed amount. Strem Chemicals Inc. is a company that specializes in MOFs and Ligands for MOF Synthesis. Through this acquisition, Ascensus Specialties LLC further amplifies its new product and application development efforts. Strem Chemicals, Inc. is a US-based chemicals company that manufactures offers metal-organic frameworks (MOF) products.

Major players in the metal-organic framework market are BASF SE, GS Alliance Co. Ltd., MOF Technologies Ltd, MOFWORX, Mosaic materials LLC, Nanoshel LLC, novoMOF AG, Numat Technologies Inc., ProfMOF, Promethean Particles Ltd, Strem Chemicals Inc., MOFgen Ltd., ACSYNAM, Atomis Inc., Energy Exploration Technologies, Framergy Inc., and Immaterial Labs Ltd.

North America was the largest region in the metal-organic framework (MOF) market in 2020 The regions covered in the metal-organic framework market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the metal-organic framework market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The global metal-organic framework market is segmented -

1) By Product Type: Zinc-Based, Copper-Based, Iron-Based, Aluminium-Based, Magnesium-Based

2) By Application: Gas Storage, Gas And Liquid Adsorption, Catalysis, Drug Delivery

Metal Products Market Definition

The metal products market consists of sales of metal products by entities (organizations, sole traders and partnerships) engaged in the manufacturing of screws, nuts, bolts, springs, wire, boilers, tanks, shipping containers, architectural and structural metal, cutlery, and hand tools. Metal is a solid material with high electrical and thermal conductivity that is usually rigid, glossy, malleable, fusible, and ductile. Some generic metals include aluminum, cobalt, cast iron, cast steel, ferrous alloy, gold, nickel, niobium, stainless steel, steel, titanium, tungsten, and zinc.