The global metal and mineral market is expected to reach over $10650.94 billion in 2027 at a CAGR of 7.0%!
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 reducing 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 a rise in automation and robotics technology adoption to improve productivity and reduce production costs. According to the KPMG report, 16% of executives of global metals companies have already invested in robotics for metal manufacturing, 31% of executives have set plans to possibly invest in robotics for new technology and opportunities, and 42% are willing to invest in robotics shortly.
Metal And Mineral Market Coverage
The metal and mineral market consists of sales of metals and minerals by entities (organizations, sole traders and partnerships) that refine and/or smelt ferrous and nonferrous metals from ore, pig or scrap, using electrometallurgical techniques. The metal and mineral market is segmented into mineral; metal and metal products. Only goods and services traded between entities or sold to end consumers are included.
The Business Research Company covers 336 markets overall in the metal and mineral market providing global market numbers, market growth, market-specific drivers and restraints, trends, and other market specific information. The metal and mineral market is segmented in the following manner:
- 1. Mineral
The mineral market consists of sales of mineral products by entities (organizations, sole traders and partnerships) that offer products such as bricks, refractories, ceramic products, and glass and glass products. This market also includes cement and concrete products, lime, gypsum and other nonmetallic mineral products including abrasive products, ceramic plumbing fixtures, statuary, cut stone products, and mineral wool. The mineral market is segmented into cement and concrete products; glass and glass products; other non-metallic mineral products; clay products and refractories; and lime and gypsum products. Only goods and services traded between entities or sold to end consumers are included.
The Mineral market is sub-segmented into –
- 1.1 Cement And Concrete Products
- 1.2 Glass And Glass Products
- 1.3 Other Non-Metallic Mineral Products
- 1.4 Clay Products And Refractories
- 1.5 Lime And Gypsum Products
- 2. Metal
The metal market consists of sales of metals by entities (organizations, sole traders and partnerships) that operate iron and steel foundries, iron and steel mills, and/or ferroalloy manufacturing businesses; and/or entities that undertake alumina and aluminum production and processing. The metal market is segmented into iron and steel mills and ferroalloy; processed nonferrous metal; processed alumina and aluminum; foundries; and steel products. Only goods and services traded between entities or sold to end consumers are included.
The Metal market is sub-segmented into –
- 2.1 Iron And Steel Mills And Ferroalloy
- 2.2 Processed Nonferrous Metal
- 2.3 Processed Alumina And Aluminum
- 2.4 Foundries
- 2.5 Steel Products
- 3. Metal Products
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. Only goods and services traded between entities or sold to end consumers are included.
The Metal Products market is sub-segmented into –
- 3.1 Forged And Stamped Goods
- 3.2 Cutlery And Hand Tools
- 3.3 Architectural And Structural Metals
- 3.4 Boiler, Tank, And Shipping Container
- 3.5 Hardware
- 3.6 Spring And Wire Products
- 3.7 Machine Shops, Turned Product, And Screw, Nut, And Bolt
- 3.8 Coated, Engraved, And Heat Treated Metal Products
- 3.9 Metal Valves
- 3.10 Other Fabricated Metal Products
- 3.11 Metal Matrix Composite
- 4. Antimony
The antimony market consists of sales of antimony by entities (organizations, sole traders, and partnerships), that produce antimony through mining or smelting process and supplies it to various industries. Antimony is a semi-metallic chemical element that is available in two forms: metallic and non-metallic. Metallic antimony is bright, silvery, hard, and brittle; non-metallic antimony is a grey powder. Antimony is a poor heat and electrical conductor. Antimony is a naturally occurring element in the environment. However, it also enters the environment through a variety of human applications. Antimony is a vital metal for the global economy.
- 5. Concrete Materials
The concrete materials market consists of sales of autoclaved aerated concrete, precast concrete, insulated concrete form, and other concrete materials.
The Concrete Materials market is sub-segmented into –
- 5.1 Autoclaved Aerated Concrete
- 5.2 Precast Concrete
- 5.3 Insulated Concrete Form
- 6. Specialty Products
The specialty products market consists of sales of fire protection materials for construction such as coatings, mortar, sealants & fillers, sheets or boards, spray, preformed devices, putty, cast-in devices, and other specialty products.
The Specialty Products market is sub-segmented into –
- 6.1 Fire Protection Materials For Construction
- 7. Welding Products
The welding products market consists of sales of filler metals, TIG torches, ground clamps, and welding cables.
The Welding Products market is sub-segmented into –
- 7.1 Welding Equipment, Accessories, and Consumables
How Can We Help?
The Business Research Company`s Metal and Mineral Manufacturing Market Research Practice provides marketing, planning and strategy departments with a wider range of market, business, customer and competitor intelligence services across different segments of the metal and mineral manufacturing industry. The metal and mineral manufacturing market research services and solutions The Business Research Company provides are as follows —
- Metal and Mineral Manufacturing Market Sizing, Forecast and Trend Analysis
- Metal and Mineral Manufacturing Market Competitor Analysis
- Metal and Mineral Manufacturing Market Supply Chain Analysis
- Metal and Mineral Manufacturing Market Customer Research
- Metal and Mineral Manufacturing Market Partner or Distribution Research
- Metal and Mineral Manufacturing Market Entry Strategy Research Study
- Metal and Mineral Manufacturing Industry Analysis and Profiling
- Metal and Mineral Manufacturing Market Regulations