Metal and Mineral Industry Overview

The battery recycling market consists sales of recycled batteries by entities (organizations, sole traders and partnerships) and related services. Battery recycling is the method of reusing and reprocessing batteries in order to reduce the number of batteries being disposed as waste. The main types of batteries that are recycled include lead-acid battery, nickel-based battery, lithium-based battery and other battery types. Lead acid batteries are charged continuously from the power grid and are normally designed to provide power for brief periods of time to allow the facility to properly shut down equipment. Lead-acid batteries are extremely recyclable, achieving recycling rates of more than 90% in many countries. Nickel-based batteries have a positive electrode of nickel hydroxide and a negative electrode of cadmium and offer good performance in high ambient temperatures, good resistance to electrical use as they can be left in a discharged state for long periods without causing any permanent damage. Lithium-based batteries have a lithium metal oxide cathode and a carbon anode with an organic electrolyte and has the highest energy density of all rechargeable systems. The high capacity of active materials and a single cell voltage makes the battery suitable for a number of applications, ranging from high energy to high power. The processing states involved in battery recycling include extraction of material, reuse, repackaging and second life, and disposal, and this is used to recycle batteries from automotive, consumer electronics, industrial sectors. The global battery recycling market is expected to grow from $9.97 billion in 2020 to $11.04 billion in 2021 at a compound annual growth rate (CAGR) of 10.76%. The growth is mainly due to increase in awareness about battery recycling. The battery recycling market is expected to reach $16.90 billion in 2025 at a CAGR of 11.23%. The increasing adoption of electric vehicles is expected to drive the growth of the battery recycling market in the forecast period. Electric vehicles (EV) are automobiles which are completely or partially powered by electricity. Disposing an electric vehicle battery is expensive, particularly if the waste contains valuable materials. Recycling is an opportunity to minimize life cycle costs by recovering high-value materials and avoiding the expense of hazardous waste disposal. With the growth in EV sales, the number of lithium-ion batteries in the market increases. The limited life of these batteries requires an effective recycling medium in order to stabilize domestic source of materials for battery production, reduce the demand for raw materials and minimize geopolitical disruptions of the supply chain. After a period of 5-8 years the power generated by these batteries is not enough for the EV, but it can be used in other low-grade applications such as in households, energy backups, renewable energy storage and off-peak energy storage. Recycling EV batteries also helps recover the metals - cobalt, lithium, nickel, and others, which can then be used for manufacturing new batteries, saving resources and cost of production. According to International Energy Agency, global electric vehicle sales are projected to reach 125 million by 2030. Therefore, the increasing adoption of electric vehicles propels the growth of the battery recycling market. Major companies operating in the battery recycling market are entering into strategic collaborations to improve know how and enhance battery recycling efficiency. For instance, in 2021, UK based sustainable technologies company, Johnson Matthey partnered with Sweden based leading recycler of industrial waste and end of life products, Stena Recycling Group, to develop an efficient value chain for the recycling of lithium-ion batteries and cell manufacturing materials in Europe. In another instance, in 2019, MG Motor India partnered with Belgium based Umicore for the safe and environmentally sustainable recycling of end-of-life batteries used in the electric vehicles of the company. For instance, in 2019, US based Call2Recycle, Inc. partnered with US based CellBlock Fire Containment Systems for improving its product portfolio and adding battery protection solutions along with easing battery collections for the company. In January 2020, Fortum, a Finland based electric services company acquired CrisolteQ Oy for an undisclosed amount. This acquisition strengthens the position of Fortum in recycling high value metals in lithium-ion batteries in Europe. CrisolteQ Oy is a Finland based company that is a specialist in metal recycling. The company uses a low-CO2 hydrometallurgical recycling process for achieving 80% recycling rate for lithium-ion batteries. Major players in the battery recycling market are Li-Cycle, Battery Solutions, LLC, Exide Technologies, Umicore, Aqua Metals, Inc, Gravita India Limited, Exide Industries Ltd, ECOBAT Logistics, East Penn Manufacturing Company, ENERSYS, Fortum Oyj, Accurec Recycling GmbH, Eco-Bat Technologies Ltd, Terrapure Environmental, Brunp Recycling, and Anhua Taisen Recycling Technology. North America was the largest region in the battery recycling market in 2020. The regions covered in the battery recycling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the battery recycling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global battery recycling market is segmented - 1) By Type: Lead-Acid Battery, Nickel-Based Battery, Lithium-Based Battery, Other Battery Types 2) By Processing State: Extraction Of Material, Reuse, Repackaging And Second Life, Disposal 3) By Application: Automotive, Consumer Electronics, Industrial, Others

The collapsible metal tubes market consists of sales of collapsible metal tubes by entities (organizations, sole traders and partnerships) that manufacture collapsible metal tubes. Collapsible tubes are composite containers used for storing and dispensing liquid formulations that have a paste like consistency like cosmetics, pharmaceutical products, paint, adhesives and ointments. Collapsible metal tubes are made of metal or thermoplastic and thus prevent toxic gases, odor and dust to enter, ensuring the natural quality of product when closed. The main types of collapsible metal tubes include twist tubes, and squeeze tube. Squeeze tubes are flexible aluminum tubes that dispense their contents when squeezed. These tubes can be used for viscous liquids such as toothpaste, artist's ink, glue, caulk, and ointments. Twist tubes are round telescopic tubes that dispense contents when twisted. These tubes are used for storing cosmetics and other pharmaceuticals. The different closure types included in the market are fez cap, nozzle cap, flip top cap, stand up cap, others and is used in major end use industries such as home care and personal care, cosmetics, industrial, pharmaceutical, others. The global collapsible metal tubes market is expected to grow from $1.02 billion in 2020 to $1.12 billion in 2021 at a compound annual growth rate (CAGR) of 9.32%. The growth is mainly due to the growing demand for metal tubes by the cosmetic and pharmaceutical industries. The market is expected to reach $1.44 billion in 2025 at a CAGR of 6.44%. The increasing concern over plastic packaging globally contributed to the growth of the collapsible metal tubes market in the historic period. The rising awareness and consumers preference towards sustainable options along with reducing plastic usage contributed to the growth of the market. For instance, according to a 2019 survey by Finland based chemicals company, Kemira, among 4,000 respondents in the United States, China, Germany and Finland, over 50% of the respondents said that they would be willing to pay more for renewable food packaging and most respondents were also hoping to reduce the use of plastic in their lives. Therefore, the concern over plastic packaging, harming the environment and consumers preference towards reducing plastic waste increased demand for the collapsible metal tubes market in the historic period The growing focus towards recycling is a key trend gaining popularity in the collapsible metal tubes market. Major companies operating in the collapsible metal tubes sector are focused on developing recyclable solutions for collapsible metal tubes in order to reduce wastage and pollution. For instance, in April 2019, Tubettificio Favia, an Italian company launched ToBeNaturAL, a collapsible aluminum tube with a biodegradable closure seal. After usage, the aluminum tube can be recycled, and the bioplastic cap can be thrown directly into household agricultural waste, where it can decompose into humus for the soil and plant food. Major players in the collapsible metal tubes market are Auber Packaging Co., Ltd, CONSTRUCT Packaging, Linhardt, Universal Metal Products, Antilla Propack, PAKET Corporation, Albéa, ALLTUB Group, Montebello Packaging, Jiujiang Deshun Adhesives, Almin Extrusion, Perfect Containers Pvt. Ltd, Hubei Xin Ji Pharmaceutical Packaging, D.N. Industries, and Pioneer Group. North America was the largest region in the collapsible metal tube 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 collapsible metal tubes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global collapsible metal tubes market is segmented - 1) By Product Type: Twist Tubes, Squeeze Tubes, Others 2) By Closure Type: Fez Cap, Nozzle Cap, Flip Top Cap, Stand Up Cap, Others 3) By End-User: Home Care And Personal Care, Cosmetics, Industrial, Pharmaceutical, Others

Cement And Concrete Products Market Definition

The cement and concrete products market consists of sales of cement and concrete products and related services by entities (organizations, sole traders and partnerships) that manufacture cement and concrete products such as concrete pipes, bricks, and paving blocks. The cement and concrete products manufacturing industry includes establishments engaged in manufacturing Portland cement, natural cement, masonry cement, pozzolanic cement, ready-mix concrete, concrete blocks, bricks, and pipes and related products. Cement is a powdery substance made by calcining lime and clay. When cement is mixed with water, it forms mortar, and when it is mixed with sand, gravel, and water, it makes concrete. Mortar is used as bonding agent for plastering, masonry work, and pointing. Concrete is a mixture of aggregates and paste. The aggregates are sand and gravel or crushed stones; and the paste is made from water and Portland cement mixture. Concrete is used for laying floors, roofs and constructing lintels, beams, stairs, pillars and other masonry structures. Concrete products such as pipes, blocks, bricks, and concrete articles are made using concrete. Cement is an essential ingredient in concrete mixture. It acts as a binding agent and holds all the materials together. Concrete mixture roughly comprises 10% cement, 20% water, 30% sand, and 40% gravel, depending on the requirements and other factors.

The nanosilica market consists of the sales of nanosilica products and related goods by entities (organizations, sole traders and partnerships) that are engaged in various fields such as medical, electrical & electronics, chemicals, construction, and others. Nanosilica is an allotrope of silicon, which is the second most abundant element in the earth’s crust. Only goods and services traded between entities or sold to end consumers are included. The nanosilica market covered in this report is segmented by type into P type, S type, type III. It is also segmented by raw material into rice husk, olivine, bagasse, others and by application into rubber, health and medicine, food, coatings, plastic, concrete, gypsum, cosmetics, electronics, others. The global nanosilica market is expected to grow from $3.18 billion in 2020 to $3.61 billion in 2021 at a compound annual growth rate (CAGR) of 13.47%. 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 market is expected to reach $4.74 billion in 2025 at a CAGR of 7.04%. Increased demand for nanoparticles in the medical industry contributed to the growth of the nano-silica market. Nanoparticles are presently being engaged as a tool to explore the rarest approaches of medical sciences in several ways like imaging, sensing, targeted drug delivery, gene delivery systems, and artificial implants. According to a replacement study done by Washington University (GW) Cancer Center, in 2018, found that nanoparticle-encapsulated doxorubicin is promising within the treatment of triple-negative carcinoma. Doxorubicin may be a well-known anthracycline drug class used primarily together with chemotherapy. Amino-functionalized silica nanoparticles (SiNPs) are being used as targeted delivery vehicles for the potential treatment of carcinoma. SiNPs can efficiently encapsulate doxorubicin and may be attached to a targeting moiety like anti-Claudin-4 (CLN4). Nanoparticles have been found to help increase the contrast of the image produced by ultrasonography particularly when imaging tumors. The nanoparticles market experiences huge demand from the medical industry, which in turn will propel the revenues generated for the nano-silica market. An increase in the government-sanctioned lockdowns and several manufacturing plants being restricted for an inconsiderable period had impeded the growth of the global nano-silica market. The government shutdown has proved extremely tough for the construction industry which uses nano-silica in its cement-based materials, especially concrete. According to the BLDUP data published in 2020, the government shutdown’s impact on the construction industry was that all the construction projects that were under federal funding ended up losing profits and employee productivity. There have been 18 government shutdowns in the USA history, with the most recent one lasting from December 22, 2018, to January 25, 2019, the longest to date. According to the Congressional Budget Office, the five-week cessation took a meaningful economic toll, costing the USA economy $11 billion, with nearly a quarter of that total invariably lost. Thus, the mass closure of construction industries has negatively affected the growth of the nano-silica market. The launch of 3D printing aerogel microstructures has created immense demand in the nano-silica market. The 3D-printed aerogel micro-structures provide thermal insulation for miniature components. For instance, in 2020, a team of EMPA in Switzerland has developed a technique to 3D print microstructures using insulating silica aerogels. The team has clicked in generating stable, well-acclimated microstructures from silica aerogel by utilizing a 3D printer. The printed structures can be as slender as a tenth of a millimeter. The aerogel can be used to insulate small electronic components and even build small pumps and sensors. The thermal conductivity of the silica aerogel is scarcely under 16 mW/(m*K), which is half of that of polystyrene, and even extremely less than that of a non-moving layer of air at 26 mW/(m*K). At an equivalent period of your time, the printed silica aerogel has even more evolved mechanical attributes and may even be riddled and crushed. This exposes completely new feasibilities for the post-processing of 3D-printed aerogel moldings. In May 2018, U.S. Silica Holdings, Inc., a US-based producer of commercial silica, announced the acquisition of EP Minerals for $750 million. The acquisition is expected to enhance U.S. Silica Holdings, Inc.’s Oil and Gas businesses. EP Minerals is a US-based producer of Min-u-Sil Ground Silica used in architectural, industrial, traffic paints, and coatings. The major players covered in the global nanosilica market are NanoPore Incorporated, Fuso Chemical, Evonik, Cabot Corporation, DuPont, Akzonobel, Nanostructured and Amorphous Materials (NanoAmor), Wacker Chemie AG, Normet, Nanosil Sdn, US Research Nanomaterials Inc, nanoComposix, Bee Chems, Dow Corning Corporation. The countries covered in the global nanosilica market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. Asia Pacific was the largest region in the nanosilica market in 2020. The regions covered in the global nanosilica market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global nanosilica market is segmented - 1) By Type: P Type, S Type, Type III 2) By Raw Material: Rice Husk, Olivine, Bagasse, Others 3) By Application: Rubber, Health And Medicine, Food, Coatings, Plastic, Concrete, Gypsum, Cosmetics, Electronics, Others

The shipping containers market consists of the sales of shipping containers and related services by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing shipping containers with suitable strength to withstand handling, storage, and shipment. Shipping containers range from ubiquitous corrugated boxes to large steel boxes used for intermodal shipments. Only goods and services traded between entities or sold to end consumers are included. The shipping containers market covered in the report is segmented by product type into dry storage container, flat rack container, refrigerated container, special-purpose container, open top container, double door container, others; by container size into small container, large container, high cube container; by end-use into food and beverages, consumer goods, healthcare, industrial products, vehicle transport, others. The global shipping containers market is expected to decline from $8.16 billion in 2020 to $8.36 billion in 2021 at a compound annual growth rate (CAGR) of 2.48%. The change in growth trend 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 market is expected to reach $10.73 billion in 2025 at a CAGR of 6.46%. An increase in demand for cargo transportation through ships contributed to the growth of the shipping container market. The demand for the transportation of cargo through waterways is growing owing to factors such as cost-efficiency and secured way of moving goods as compared to other means of transportation. For instance, in 2018, a larger amount of goods was moved between the UK major ports and the EU (European Union) than any other region accounting for 44% (206.2 million tons) of entire critical port traffic. In 2018, the total gross weight of goods transported was estimated at almost 1.8 billion tons as part of the EU short sea shipping. However, Italy was the major short sea shipping country in the EU in 2018, surpassing the Netherlands, with a share of approximately 15% of the total tonnage of EU short sea shipping. Moreover, ships can carry more cargo from one place to another within a short period. This in turn is projected to boost the growth of the shipping containers market. The high costs associated with shipping containers is expected to restrain the growth of the shipping container market. The price of shipping containers depends on their size and condition. The bigger the container, the higher the price. And, the newer the unit, the more expensive it could be. For instance, in the USA, the average cost for a used container is around $2,000. The larger 40’ unit that could be altered for houses ranges from $3,000 to $4,000 for the used one and is approximately $6,000 for a brand-new unit. Moreover, there are other costs such as shipping container home plans, foundation costs being involved which make them less affordable for purchase. Thus, the high costs of shipping containers are projected to limit the growth of the shipping container market over the forecast period. In May 2019, COSCO SHIPPING Development Co., Ltd, a China-based containerized marine shipping company acquired five Chinese units of Singamas Container Holdings Ltd., for an undisclosed amount. The acquisition is expected to enhance COSCO SHIPPING Development Co., Ltd.’s container market. Singamas Container Holdings Ltd. is a China-based shipping container manufacturer that produces dry freight containers, foldable flat rack containers, tank containers, offshore containers, other comprehensive containers, and container parts. The major players covered in the global shipping containers market are Hoover Container Solutions, CXIC Group, Shanghai Universal Logistics Equipment, Maersk Container Industry, Charleston Marine Containers, Hoover Container Solutions, CIMC, Sea Box, TLS Offshore Containers International Pvt Ltd, China International Marine Containers Co. Ltd, W&K Containers Inc., OEG Offshore limited, COSCO SHIPPING Development Co. Ltd, THIELMANN – THE CONTAINER COMPANY, BSL Containers, SCHüTZ Container Systems Inc., American Intermodal Container Manufacturing (AICM), A.P. Moller–Maersk Group, CARU containers. The countries covered in the global shipping containers market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. Asia Pacific was the largest region in the shipping containers market in 2020. The regions covered in the global shipping containers market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global shipping containers market is segmented - 1) By Product Type: Dry Storage Container, Flat Rack Container, Refrigerated Container, Special-Purpose Container, Open Top Container, Double Door Container, Others 2) By Container Size: Small Container, Large Container, High Cube Container 3) By End Use: Food And Beverages, Consumer Goods, Healthcare, Industrial Products, Vehicle Transport, Others

The metal products market consists of sales of metal products by entities (organizations, sole traders and partnerships) that are engaged in manufacturing metal products such as screws, nuts, bolts, springs, wires, boilers, tanks, cutlery and hand tools. This industry also includes forging, stamping, coating, engraving, heat treating and allied activities. The metal products market is segmented into forged and stamped goods; cutlery and hand tools; architectural and structural metals; boiler, tank, and shipping container; hardware; spring and wire products; machine shops, turned product, and screw, nut, and bolt; coated, engraved and heat treated metal products; metal valves; and other fabricated metal products. The global metal products market is expected to grow from $2115.97 billion in 2020 to $2423.06 billion in 2021 at a compound annual growth rate (CAGR) of 14.5%. The growth 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 market is expected to reach $3139.63 billion in 2025 at a CAGR of 7%. Asia Pacific was the largest region in the global metal products market, accounting for 36% of the market in 2020. Western Europe was the second largest region accounting for 28% of the global market. Africa was the smallest region in the global metal products market. The metal products market have benefitted from the rapid growth in automotive industry during the historic period. For instance, steel, aluminium and magnesium are some of metals commonly used in the automotive industry for manufacturing body panels, engines, transmissions and numerous other parts. The global motor vehicles market grew from $1,477.2 billion in 2014 to $2,085.1 billion in 2018 at a compound annual growth rate (CAGR) of 9%. According to Deloitte, in 2016, 25% of the domestic steel demand in the US was coming from automotive industry and car sales in the US reached a record level of 17.6 million vehicles in 2016. Therefore, rise in demand for automobiles during this period, positively impacted the metal products manufacturing market. Many developed and developing economies are considering imposing restrictions on free trade. Post Brexit, trade restrictions between the UK and other European countries are likely to increase. The US government has repealed the North American Free Trade Agreement (NAFTA) that created a trilateral trade block in North America. These changes can widen the trade competition between countries and reverse the trend towards global free trade. This will affect the demand for metal products, restricting the growth of the market. Many metal products companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reduce potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG), 1.2 million industrial robots are expected to be deployed by 2025, thus indicating rise in automation and robotics technology adoption to improve productivity and reduce production costs. According to KPMG report, 16% executives of global metals companies have already invested in robotics for metal manufacturing, 31% executives have set plans to possibly invest in robotics for new technology and opportunities, and 42% are willing to invest on robotics in the near future. Additionally, the report states, 63% of the executives of metal manufacturing companies are considering investing in automation. Examples of companies offering industrial robots to metals companies include FANUC, KUKA, ABB, and Motoman. Major companies in the market include Gibraltar Industries; Mueller Industries; The Timken Company; Jiangsu Guotai International; Toyo Seikan. The countries covered in the global metal products market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global metal products market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global metal products market is segmented - 1) By Type: Forged And Stamped Goods, Cutlery And Hand Tools, Architectural And Structural Metals, Boiler, Tank, And Shipping Container, Hardware, Spring And Wire Products, Machine Shops, Turned Product, And Screw, Nut, And Bolt, Coated, Engraved, And Heat Treated Metal Products, Metal Valves, Other Fabricated Metal Products 2) By End Use: Construction, Manufacturing, Others Subsegments Covered: Iron And Steel Forged Goods, Nonferrous Forged Goods, Custom Roll Formed Goods, Powder Metallurgy Parts, Metal Crown, Closure, And Other Metal Stamped Goods, Metal Kitchen Cookware, Utensil, Cutlery, And Flatware, Saw Blade And Hand tool, Plate Work And Fabricated Structural Products, Ornamental And Architectural Metal Products, Power Boiler And Heat Exchanger, Metal Tank (Heavy Gauge), Metal Can, Box, And Other Metal Container (Light Gauge), Furniture Hardware, Motor Vehicle Hardware, Builder's Hardware, Other Hardware, Springs, Other Fabricated Wire Products, Machine Shops, Turned Product And Screw, Nut, And Bolt, Heat Treated Metal Products, Coated, Engraved Metal Products And Allied Services to Manufacturers, Electroplated, Plated, Polished, Anodized, And Colored Metal Products, Industrial Valves, Fluid Power Valve And Hose Fitting, Plumbing Fixture Fitting And Trim, Other Metal Valve And Pipe Fitting, Ball And Roller Bearing, Fabricated Pipe And Pipe Fitting, All Other Miscellaneous Fabricated Metal Products

The foundries market consists of sales of molded castings by entities (organizations, sole traders and partnerships) that produce castings by pouring molten metal into molds. Foundries include iron foundries, steel investment foundries, steel foundries, non-ferrous metal die casting foundries, aluminum foundries and other non-ferrous metal foundries. The foundries market is segmented into ferrous metal foundries and nonferrous metal foundries. The global foundries market is expected to grow from $178.64 billion in 2020 to $198.35 billion in 2021 at a compound annual growth rate (CAGR) of 11%. The growth 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 market is expected to reach $242.9 billion in 2025 at a CAGR of 5%. Asia Pacific was the largest region in the global foundries market, accounting for 54% of the market in 2020. Western Europe was the second largest region accounting for 18% of the global market. Africa was the smallest region in the global foundries market. The foundries market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end user markets, thereby driving the foundries market during forecast period. The global prices of steel, nonferrous metals and other metals were volatile during the historic period and restrained the growth of the foundries market. During 2014-2018, steel prices showed an overall growing trend with tendencies to drop in the first half of each year, while world prices of copper showed a significant drop in 2016, after which they almost doubled in 2017 and 2018. The volatility of metal prices created difficulties for companies in securing stable purchasing contracts for raw materials, restraining the growth of the foundries market. Automated manufacturing systems are gaining popularity as they enhance manufacturing productivity and reduce operating costs. Automation systems refers to a machine, tool or technology such as robotic and AI technology that helps to reduce human intervention and improve safety in the metal manufacturing processes such as processing, assembling, material handling. This allows metal manufacturing companies to increase efficiency and production, improve safety on the manufacturing floor, enhance product quality, perform complex and varied tasks, enhance process stability, provide flexibility to produce products and eliminate routine manual tasks. According to a KPMG report, 63% of the executives say they are considering investing in automation. In 2018, according to an article in Production Machining, an online magazine, 56% of global companies consider automation in manufacturing processes and observed 30% of increase in their production. According to global robotics report 2016 by International Federation of Robotics (IFR), a robotic company, global industrial robots deployed in manufacturing processes are expected to increase to 2.6 million units by 2019. The countries covered in the global foundries market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The regions covered in the global foundries market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The major players covered in the global foundries market are Alcoa, Bharat Forge, Hitachi Metals, Precision Castparts, AMCOL Metalcasting. The global foundries market is segmented - 1) By Type: Ferrous Metal Foundries, Nonferrous Metal Foundries 2) By Application: Automobile, Pipes & Fittings, Agricultural Machinery, Electrical Equipment, Machine Tools, Others Subsegments Covered: Iron Foundries, Steel Foundries, Nonferrous Metal Die-Casting Foundries, Aluminum Foundries (except Die-Casting), Other Nonferrous Metal Foundries (except Die-Casting)

The boiler, tank, and shipping container market consists of sales of boiler, tank, and shipping containers by entities (organizations, sole traders or partnerships) that produce power boilers and heat exchangers, cut, form, and join heavy gauge metal to produce tanks, vessels, and other containers or form light gauge metal containers. The boiler, tank, and shipping container market is segmented into power boiler and heat exchanger; metal tank (heavy gauge); and metal can, box, and other metal container (light gauge). The global boiler, tank, and shipping container market is expected to grow from $182.47 billion in 2020 to $207.77 billion in 2021 at a compound annual growth rate (CAGR) of 13.9%. The growth 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 market is expected to reach $267.47 billion in 2025 at a CAGR of 7%. Western Europe was the largest region in the global boiler, tank, and shipping container market, accounting for 31% of the market in 2020. Asia Pacific was the second largest region accounting for 30% of the global market. Africa was the smallest region in the global boiler, tank, and shipping container market. Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) is expected to drive innovation in boiler, tank, and shipping container manufacturing thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs and higher margins. For instance, according to a global survey by the Economist Intelligence Unit in 2018, about 90% of corporate executives felt that artificial intelligence (AI) will have a positive impact on company’s growth and 86% of respondents considered that AI will help improve productivity. Lower operating costs lead to higher margins, this allows companies to expand production and increase product portfolio, thus driving the boiler, tank, and shipping container manufacturing market in the forecast period. Many metal and mineral manufacturing companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reduce potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG), 1.2 million industrial robots are expected to be deployed by 2025, thus indicating rise in automation and robotics technology adoption to improve productivity and reduce production costs. According to KPMG report, 16% executives of global metals companies have already invested in robotics for metal manufacturing, 31% executives have set plans to possibly invest in robotics for new technology and opportunities, and 42% are willing to invest on robotics in the near future. Additionally, the report states, 63% of the executives of metal manufacturing companies are considering investing in automation. Examples of companies offering industrial robots to metals companies include FANUC, KUKA, ABB, and Motoman. The countries covered in the global boiler, tank, and shipping container market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The regions covered in the global boiler, tank, and shipping container market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The major players covered in the global boiler, tank, and shipping container market are Cesaroni Technology Inc, Ordan Thermal Products Ltd, Allied Can Manufacturing Inc, Nu-Tech Precision Metals Inc, Steam Sauna. The global boiler, tank, and shipping container market is segmented - 1) By Type: Power Boiler And Heat Exchanger, Metal Tank (Heavy Gauge), Metal Can, Box, And Other Metal Container (Light Gauge) 2) By Application: Residential, Commercial, Others 3) By Product Type: Refrigirated Container, Dry Storage Container, Special Purpose Container, Flat Rack Container, Others 4) By Container Size: Small Containers, Large Containers, High Cube Container