Metal and Mineral Industry Overview

The high-performance alloys market consists of entities (manufacturers, sole traders, and partnerships) selling high-performance alloy products and services that are used in various industries to improve strength, corrosion resistance, ductility, wear resistance, and fatigue resistance. High-performance alloys are metal compounds that are created to provide improved properties such as stronger mechanical properties, improved resistance to oxidation and corrosion, and greater resistance to thermal creep. Wrought alloy and cast alloy are the two main types of high-performance alloys. Wrought alloys are non-ferrous metal alloys with a composition that makes them extremely ductile. The materials used are aluminum, titanium, magnesium, and other materials. The various applications involved aerospace, industrial gas turbines, industrial, automotive, oil and gas, electrical and electronics, and other applications. The high-performance alloys market research report is one of a series of new reports from The Business Research Company that provides high-performance alloys market statistics, including high-performance alloys industry global market size, regional shares, competitors with a high-performance alloys market share, detailed high-performance alloys market segments, market trends and opportunities, and any further data you may need to thrive in the high-performance alloys industry. This high-performance alloys market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global high performance alloys market size is expected to grow from $9.01 billion in 2021 to $9.51 billion in 2022 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The market is expected to grow to $12.01 billion in 2026 at a CAGR of 6.0%. Increasing demand from the end-user industry is expected to propel the growth of the high-performance alloy market going forward. High-performance alloys are used for a variety of purposes such as higher mechanical strength, better corrosion and oxidation resistance, and greater thermal creep resistance in various end-user industries such as automotives, electrical and electronics. As a result, an increase in demand for high-performance alloys from end-user industries also increases the demand for the high-performance alloys market. For instance, in 2021, the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group for the automobile industry, said that 79.1 million motor vehicles were produced around the world, an increase of 1.3% compared to 2020. Further, according to the Japan Electronics and Information Technology Industries Association, the net production of electronics in Japan increased from 103.6% in 2021 to 110.8%in 2022. Therefore, the increasing demand from the end-user industry is driving the high-performance alloy market. Technological advancements are a key trend gaining popularity in the high-performance alloy market. Major companies operating in the high-performance alloy market are focused on developing new technological solutions to strengthen their position. For instance, in January 2022, Alloy Wire International (AWI), a UK-based manufacturer of high-performance alloys, launched a high-performance alloy, INCONEL: 617, a Chromium-Cobalt-Molybdenum alloy aluminium for various applications. This new alloy has unique features such as a combination of increased strength and stability at elevated temperatures up to 1,100 while retaining the high-temperature corrosion resistance of INCONEL alloy 601. The high nickel and chromium content makes the alloy resistant to a variety of reducing and oxidising media. In December 2021, Aperam, a Luxembourg-based company and producer of stainless, electrical, and specialty steel, acquired ELG for an amount of EUR 357 million (USD 359.9 million). With this acquisition of ELG, Aperam places the circular economy at the core of its growth strategy. ELGLG is a Germany-based company operating in high-performance alloys.    Major players in the high performance alloys market are Allegheny Technologies Incorporated, Carpenter Technology Corporation, Haynes International Inc., Hitachi Metals Ltd, Outokumpu Oyj, Precision Castparts Corporation, The Timken Company, VSMPO-AVISMA Corporation, Nippon Yakin Kogyo Co Ltd, Materion Corporation, Wall Colmonoy Corporation, Stanford Advanced Materials, Arconic Corporation, Thyssenkrupp AG, RTI International Metals, and Baowu Steel Group CorporatioLtd Asia-Pacific was the largest region in the high performance alloys market in 2021. The regions covered in this high performance alloys market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the high performance alloys market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global high performance alloys market is segmented - 1) By Alloy Type: Wrought Alloy, Cast Alloy 2) By Material: Aluminum, Titanium, Magnesium, Other Materials 3) By Application: Aerospace, Industrial Gas Turbine, Industrial, Automotive, Oil and Gas, Electrical and Electronics, Other Applications

The precious metal catalyst market consists of sales of precious metal catalysts by entities (organizations, sole traders, and partnerships) that are used to speed up chemical reactions by lowering the energy barrier between reactants and products. Precious metal catalysts refer to noble metal catalysts with distinctive properties and a partially filled d-orbital that can either lend electrons to the reagent or pull them away, depending on the type of reaction. These catalysts consistently exhibit strong catalytic activity and selectivity. The main types of precious metal catalysts are platinum, palladium, rhodium, iridium, ruthenium, and other types. Platinum is a soft, ductile, malleable, silver-white metallic element used in catalytic converters, electrical contacts, pacemakers, drugs, and magnets. The various types of reactions include hydrogenation, asymmetric hydrogenation, reductive amination, alkylation, hydrogenation cracking reaction, carbonylation, and other reaction types. The applications include automotive, refining, petrochemicals, oil and mining, and other applications. The precious metal catalysts market research report is one of a series of new reports from The Business Research Company that provides precious metal catalysts market statistics, including precious metal catalysts industry global market size, regional shares, competitors with a precious metal catalysts market share, detailed precious metal catalysts market segments, market trends and opportunities, and any further data you may need to thrive in the precious metal catalysts industry. This precious metal catalysts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global precious metal catalyst market size is expected to grow from $13.49 billion in 2021 to $14.46 billion in 2022 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The market is expected to reach $19.13 billion in 2026 at a CAGR of 7.2%. Increasing demand for precious metal catalysts in the automotive industry propels the growth of the precious metal catalyst market going forward. Demand for precious metal catalysts in the automotive industry refers to the application of precious metal catalysts in fuel cell-driven vehicles, as a cathode material for electric vehicles, and as an automotive catalyst. Precious metals are important elements in the rapidly expanding automotive sector that enable advanced products for electric vehicles and fuel-cell vehicles. For instance, in February 2022, according to 2021 financial results published b "Nornickel"’, a Russia-base  nickel and palladium mining and smelting company, demand for palladium in the automotive industry increased by 0.6% in 2022 as compared to 2021. Therefore, increasing demand for precious metal catalysts in the automotive industry is driving the precious metal catalyst market  Technological innovation is the key trend gaining popularity in the precious metal catalyst market. Major companies operating in the precious metal catalyst market are focused on developing technologically innovative precious metal catalysts to strengthen their position. For instance, in March 2020, BASF, a Germany-based chemical company, developed and launched an innovative Tri-Metal Catalyst technology. This innovative technology enables light-duty gasoline automobiles to partially replace expensive palladium with less expensive platinum without breaching emissions regulations. Tri-Metal Catalyst technology adoption can help manufacturers decrease catalytic converter costs and partially rebalance the market demand for PGMs. In November 2020, Evonik, a Germany-based specialty chemicals company, acquired Porocel Group for a deal amount of $210 million. Through this acquisition, Evonik is expanding its catalyst portfolio to include activities in the area of desulfurization catalysts and adsorbents, which will enable the growth acceleration of Evonik’s catalyst business. Porocel Group is a US-based precious metal catalyst manufacturer. Major players in the precious metal catalyst market are BASF SE, Johnson Matthey, Heraeus Group, Clariant International, Umicore, Alfa Aesar, Shaanxi Kai Da Chemical Engineering, Xi'an Catalyst New Materials, Vineeth Precious Catalysts, Chimet, Sabin Metal Corporation, American Elements, ALS Limited, Remettal Deutschland, and JandJ Materials. Asia-Pacific was the largest region in the precious metal catalyst market in 2021 and is expected to be the fastest-growing region in the forecast period. The regions covered in this precious metal catalyst market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the precious metal catalysts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global precious metal catalysts market is segmented - 1) By Type: Platinum, Palladium, Rhodium, Iridium, Ruthenium, Other Types 2) By Reaction Type: Hydrogenation, Asymmetric Hydrogenation, Reductive Amination, Alkylation, Hydrogenation Cracking Reaction, Carbonylation, Other Reaction Types 3) By Application: Automotive, Refining, Petrochemicals, Oil and Mining, Other Applications

The special steel market consists of sales of special steel products by entities (organizations, sole traders, and partnerships) that are used for manufacturing and maintenance components in a variety of applications, from smartphones to everyday home appliances to automobiles and other transportation equipment that is crucial to modern society. Special steel refers to specialty steel as value-added steel that is transformed from normal finished steel through coating, plating, and heat treatment into highly valuable steel that can be used in a variety of strategic applications and is created by combining iron with different elements. The main types of special steel in the market are stainless steel, structural steel, and tool and die steel. Stainless steel refers to a steel alloy that contains chromium plus another element (such as nickel or molybdenum) and is virtually impervious to rusting and other forms of corrosion. The grade involves 200 series, 300 series, 400 series, duplex series, and other grades. The various applications include automotives, construction, consumer appliances, manufacturing, petrochemicals, and shipping and packaging. The special steel market research report is one of a series of new reports from The Business Research Company that provides special steel industry statistics, including global market size, regional shares, competitors with a special steel market share, detailed special steel market segments, market trends and opportunities, and any further data you may need to thrive in the special steel industry. This special steel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.    The global special steel market size is expected to grow from $165.39 billion in 2021 to $174.13 billion in 2022 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The special steel market is expected to grow to $222.42 billion in 2026 at a CAGR of 6.3%. Increasing consumption of special steel in the automotive sector is expected to propel the growth of the special steel market going forward. The automotive sector refers to businesses involved in the manufacture, distribution, retail, and upkeep of automobiles. Special steel helps the automotive sector by providing high-quality steel to build a vehicle and also maintain safety standards in the industry. For instance, according to the International Organization of Motor Vehicle Manufacturers, a France-based international trade association, there were 91.8 million cars produced by the manufacturers in 2019. Each car uses 900 kg of steel on average. Therefore, increasing consumption of special steel in the automotive sector is driving the growth of the special steel market. Increasing investments in special steel industries is a key trend gaining popularity in the special steel market. Major companies are investing in the special steel industry to strengthen their position in the special steel market. For instance, in March 2021, BMW Group, a Germany-based luxury vehicle company, is investing in an innovative method for CO2-free steel production developed by American startup Boston Metal, through its venture capital fund, BMW Ventures. The investment is part of the BMW Group’s far-reaching sustainability activities aimed at significantly reducing CO2 emissions across the supplier network.    In December 2019, ArcelorMittal, a US-based global steel-producing company, acquired Essar Steel India for an undisclosed amount. With this acquisition, ArcelorMittal has made a significant strategic move by purchasing Essar Steel and expanding its portfolio in India. Essar Steel Limited is an India-based multinational leading business in the steel manufacturing business of the Essar Group of Companies operating in the special steel market. Major players in the special steel market include Posco, JFE Holdings Inc, Gerdau, ThyssenKrupp Stainless, Aperam S.A, Outokumpu, Dongbei Special Steel Group Co. Ltd, Hyundai Steel Co. Ltd, AK Steel Holdings Corporation, Baosteel Group, Nippon Steel Corporation, ArcelorMittal S.A, Tata Steel Limited, Nanjing Iron & Steel Group Co. Ltd., and Voestalpine AG. Asia-Pacific was the largest region in the special steel market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in this special steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the special steel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global special steel market is segmented - 1) By Type: Stainless Steel, Structural Steel, Tool and Die Steel 2) By Grade: 200 Series, 300 Series, 400 Series, Duplex Series, Other Grade 3) By Application: Automotive, Construction, Consumer Appliances, Manufacturing, Petrochemicals, Shipping And Packaging

The steel wires market consists of sales of steel products by entities (organizations, sole traders and partnerships) that produce steel products such as tubes and pipes from iron and steel, shapes drawn through rolling or drawing of purchased iron or steel, and draw steel wire. Steel wire manufacturing consists of different sizes, diameters, and strengths that are used for the purpose and survival of several types of equipment. The main types of steel wires are carbon steel and alloy steel. Carbon steel is a special type of steel that has a higher concentration of carbon than other types of steel. Alloy steel is alloyed with a variety of elements in total amounts between 1.0% and 50% by weight to improve its mechanical properties. Steel wires come in various form such as none rope and rope. These steel wires come in thicknesses of 0.01 to 0.8 mm, 0.8mm to 1.6 mm, 1.6 mm to 4 mm, 4 mm and above. Steel wires are used by end user such as construction, automotive, energy, agriculture, and industrial. The steel wires market research report is one of a series of new reports from The Business Research Company that provides steel wires market statistics, including steel wires industry global market size, regional shares, competitors with a steel wires market share, detailed steel wires market segments, market trends and opportunities, and any further data you may need to thrive in the steel wires industry. This steel wires market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global steel wire market is expected to grow from $84.9 billion in 2021 to $88.67 billion in 2022 at a compound annual growth rate (CAGR) of 4.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The steel wire market is expected to grow to $105.82 billion in 2026 at a CAGR of 4.5%. Growing demand for high-rise buildings is expected to drive the growth of the steel wires market. The materials used for the structural system of high-rise buildings are reinforced concrete and steel. Skyscrapers have a steel frame, while residential blocks are usually constructed of concrete. For instance, in 2021, world’s 7.8 billion population live in cities and urban areas, and 2.5 billion more are expected to join them within the next 20-25 years. High-rise buildings, particularly residential ones, have proved to be beneficial in densely-populated cities where vacant plots in cities with over 3 million people. Therefore, growing demand for high-rise buildings leads to the growth of the market. Product innovations and new product launch are a key trend gaining popularity in the steel wire market. Companies in the market are focusing on introducing new, advanced and efficient steel wires. For instance, in 2020, India based steel product company, Steel Authority of India's Iisco Steel Plant Burnpur (SAIL- ISP) introduced a premium segment of wire rod products, as part of its effort to expand market share across various industries and cater to growing needs of its customers. The company developed Cable Armour Quality Wire Rod which provides mechanical protection, allowing the cable can withstand higher stress. In January 2022, Nippon Steel Corporation, a steel-producing corporations acquired G Steel and G J Steel company for an undisclosed amount. This acquisition is expected for Nippon steel company to expand its business in locally integrated Thailand and capture demand for hot-rolled steel sheets. G Steel and GJ Steel is a Thailand based steel manufacturer. Major players in the steel wire market are ArcelorMittal, Nippon Steel, JFE Steel Corporation, Bekaert SA, Tata Steel Limited, Kobe Steel Limited, The Heico Companies, Ferrier Nord, Chung Woo Rope Co. Ltd, Fasten Group, Gustav Wolf GmbH, Bharat Wire Ropes Limited., Certex Svenska AB, DaeChang Steel, Kiswire Inc., Mahadev Industries, Mazzella Companies, Shinko Wire Company Ltd., SWR Ltd., Metallia U.S.A. LLC, Republic Steel, King Steel, Cascade Steel Rolling Mills Inc., North American Stainless, Global Steel Wire, Keystone Consolidated Industries Inc., Greenmount Corporation., BRUGG Lifting AG, Tokyo Rope Mfg. Co, and Cortland Limited. Asia Pacific was the largest region in the steel wire market in 2021. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the steel wire market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the steel wire market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA The global steel wire market is segmented - 1) By Type: Carbon Steel, Alloy Steel 2) By Thickness: 0.01 mm to 0.8 mm, 0.8 mm to 1.6 mm, 1.6 mm to 4 mm, 4 mm and above 3) By Form: Non Rope, Rope 4) By End-use: Construction, Automotive, Energy, Agriculture, Industrial

The metal products market consists of sales of metal products by entities (organizations, sole traders and partnerships) that are engaged in manufacturing metal products. The main types of metal products are 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 spring and wire refer to the metal products that are used in home bedding and seating. The metal types are aluminium, beryllium, bismuth, cadmium, cerium, chromium, cobalt, and other metal types. These are used in construction, manufacturing, and other end users. The metal products market research report is one of a series of new reports from The Business Research Company that provides metal products market statistics, including metal products industry global market size, regional shares, competitors with a metal products market share, detailed metal products market segments, market trends and opportunities, and any further data you may need to thrive in the metal products industry. This metal products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global metal products market is expected to grow from $2,365.87 billion in 2021 to $2,599.09 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The metal products market is expected to grow to $3,628.26 billion in 2026 at a CAGR of 8.7%. The metal products market has benefitted from the rapid growth in the automotive industry during the historic period. For instance, steel, aluminium and magnesium are some of the metals commonly used in the automotive industry for manufacturing body panels, engines, transmissions and numerous other parts. For instance, according to the India brand equity foundation, automobiles production increased at 2.36% CAGR between FY20 with 26.36 million vehicles being manufactured in the country. The net domestic automobiles sales increased at 1.29% CAGR in FY20 with 21.55 million vehicles that have been sold. Therefore, the 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 bloc 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 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. 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 metal products market include Stanley Black & Decker Inc, Ball Corporation, Berkshire Hathaway Inc, Techtronic Industries Co. Ltd, Parker-Hannifin Corporation, ArcelorMittal S.A, Assa Abloy AB, China International Marine Containers Group) Ltd, General Electric Company, and Procter & Gamble. The Asia Pacific was the largest region in the metal products market in 2021. Western Europe was the second-largest region in the metal products market. The regions covered in the metal products report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the metal products market include Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, 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, Ukraine, USA, Vietnam. 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 Metal Type: Aluminum, Beryllium, Bismuth, Cadmium, Cerium, Chromium, Cobalt, Other Metal Types 3) By End User: Construction, Manufacturing, Other End Users 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 moulded castings by entities (organizations, sole traders and partnerships) that produce castings by pouring molten metal into moulds. The main types of foundries are ferrous metal foundries and nonferrous metal foundries. Ferrous metal foundries process a variety of alloys for various applications. The foundry types are pure-play foundry and integrated device manufacturers. These are used in automobiles, pipes & fittings, agricultural machinery, electrical equipment, machine tools, and other applications. The foundries market research report is one of a series of new reports from The Business Research Company that provides foundries market statistics, including foundries industry global market size, regional shares, competitors with a foundries market share, detailed foundries market segments, market trends, and opportunities, and any further data you may need to thrive in the foundries industry. This foundries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global foundries market grew from $156.72 billion in 2021 to $169.82 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The foundries market is expected to grow to $205.22 billion in 2026 at a CAGR of 4.8%. 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 is3.3% 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 the forecast period. The global prices of steel, nonferrous metals, and other metals were volatile during the forecast period and restrained the growth of the foundries market. In 2020, according to the World steel association, the global crude steel output had decreased by 0.9%. when compared to 2019. steel prices showed an overall growing trend with tendencies to drop in the first half of each year, 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 refer 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. According to a global robotics report by the International Federation of Robotics (IFR), a robotic company, global industrial robots deployed in manufacturing processes increased to 2.6 million units in 2019. Major companies in the foundries market include Ryobi Limited, Aludyne Inc, Kobe Steel Ltd, Georg Fischer AG, Grupo Industrial Saltillo S.A.B. de C.V, Neenah Enterprises Inc, Vesuvius plc, Anhui Yingliu Electromechanical Co. Ltd., Allegheny Technologies Incorporated, and Doosan Heavy Industries & Construction Co. Ltd. The Asia Pacific was the largest region in the foundries market in 2021. Western Europe was the second-largest region in the foundries market. The regions covered in the foundries report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the foundries market include Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, 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, Ukraine, USA, Vietnam. The global foundries market is segmented - 1) By Type: Ferrous Metal Foundries, Nonferrous Metal Foundries 3) By Foundry Type: Pure Play Foundry, Integrated Device Manufacturers 2) By Application: Automobile, Pipes and Fittings, Agricultural Machinery, Electrical Equipment, Machine Tools, Other Applications 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 the boiler, tank, and shipping containers by entities (organizations, sole traders, or partnerships) that produce boiler, tank, and shipping container. The main types of boilers, tanks and shipping containers are power boiler and heat exchanger, metal tank (heavy gauge), metal can, box, and other metal container (light gauge). The power boiler and heat exchanger are used by the powerplants to boil the water into steam. The different product types include refrigerated containers, dry storage containers, special-purpose containers, flat rack containers, and other product types. They are available in different sizes such as small containers, large containers, and high cube containers and are used in residential, commercial, and other applications. The boiler, tank, and shipping container market research report is one of a series of new reports from The Business Research Company that provides boiler, tank, and shipping container market statistics, including boiler, tank, and shipping container industry global market size, regional shares, competitors with a boiler, tank, and shipping container market share, detailed boiler, tank, and shipping container market segments, market trends and opportunities, and any further data you may need to thrive in the boiler, tank, and shipping container industry. This boiler, tank, and shipping container market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global boiler, tank, and shipping container market grew from $197.91 billion in 2021 to $217.1 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The boiler, tank, and shipping container market is expected to grow to $271.48 billion in 2026 at a CAGR of 5.7%. 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, in July 2019, according to the Compass, the internet traffic is projected to three times from earlier in 2022 and the share of IoT devices is expected to rise 28% by 2025., 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 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. Additionally, the report states, 63% of the executives of metal manufacturing companies are considering investing in automation. Major companies in the boiler, tank and shipping container market include Ball Corporation, China International Marine Containers (Group) Ltd, General Electric Company, Alfa Laval AB, Ardagh Group S.A, Doosan Heavy Industries & Construction Co. Ltd, Pacific International Lines (Private) Limited, BWX Technologies Inc, CIMC Enric Holdings Limited, and A.P. Møller-Mærsk A/S. Asia Pacific was the largest region in the boiler, tank, and shipping container market in 2021. Western Europe was the second largest region in the boiler, tank, and shipping container market. The regions covered in the boiler, tank, and shipping container report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the boiler, tank, and shipping container market include Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, 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, Ukraine, USA, Vietnam. 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 Product Type: Refrigirated Container, Dry Storage Container, Special Purpose Container, Flat Rack Container, Other Product Types 3) By Container Size: Small Containers, Large Containers, High Cube Container 4) By Application: Residential, Commercial, Other Applications

The hardware market consists of the sales of metal hardware by entities (organizations, sole traders or partnerships) that produce metal hardware, such as metal hinges, metal handles, keys, and locks (except coin-operated, time locks). The main types of hardware are furniture hardware, motor vehicle hardware, builder's hardware, and other types. Furniture hardware refers to the hardware that includes furniture fittings, fixings, pieces that are used to make furniture. The sales channels are OEM, and aftermarket These are used in B2B and B2C. The hardware market research report is one of a series of new reports from The Business Research Company that provides hardware market statistics, including hardware industry global market size, regional shares, competitors with a hardware market share, detailed hardware market segments, market trends and opportunities, and any further data you may need to thrive in the hardware industry. This hardware market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global hardware market grew from $100.21 billion in 2021 to $109.05 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The hardware market is expected to grow to $136.34 billion in 2026 at a CAGR of 5.7%. Metal consumption by the aerospace sector is expected to increase during the forecast period, thus driving the hardware manufacturing market. This is mainly due to the rise in air travel is leading to increased demand for commercial aeroplanes. According to the International Air Transport Association (IATA), there were around 3.8 billion air travellers and this number is expected to rise to 7.2 billion by 2035. Similarly, according to Boeing, approximately 42,730 new jets, valued at $6.3 trillion, will be required over the next 20 years, to meet rising passenger traffic and upcoming aeroplane retirements. This will require significant metal consumption, especially aluminium, which will drive the hardware manufacturing market in the forecast period. Geopolitical tensions are expected to hurt the hardware manufacturing market during the forecast period. Repercussions of geopolitical tensions include sanctions on Russia, trade protectionism, and heightened military tensions in the Middle East. For instance, in March 2022, the U.S. Department of State and The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) intensified pressure on Russia by sanctioning a huge number of Russian elites and their family members such that identifying certain properties of those persons as blocked and sanctioning Russian intelligence-directed disinformation outlets. This action follows OFAC’s imposition of sanctions on January 20, 2022, that identified Russian agents that took part in activities that attempt to destabilize the Ukrainian government, and builds on sanctions imposed on April 2021, for Russian-backed efforts to attempt to influence U.S. elections. Many hardware 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. 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 hardware market include Assa Abloy AB, Dormakaba Holding AG, Allegion PLC, Hafele GmbH & Co KG, Blum Inc, Tyman PLC, Hettich Holding GmbH & Co. oHG, Spectrum Brands Holdings Inc, Guangdong KinLong Hardware Products Co. Ltd, and MISUMI Group Inc. The Asia Pacific was the largest region in the hardware market in 2021. Western Europe was the second-largest region in the hardware market. The regions covered in the hardware report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the hardware market include Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, 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, Ukraine, USA, Vietnam. The global hardware market is segmented - 1) By Type: Furniture Hardware, Motor Vehicle Hardware, Builder's Hardware, Other Hardware 2) By End User: B2B, B2C 3) By Sales Channel: OEM, Aftermarket