Global Metal Products Market Opportunities And Strategies For Major Players In The Metal Products Market 2021-2030
5 Aug, 2021
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.
Global Metal Products Market Size And Drivers:
The global metal products market reached a value of nearly $2,116.0 billion in 2020, having increased at a compound annual growth rate (CAGR) of 16.0% since 2015. The market is expected to grow from $2,116.0 billion in 2020 to $3,149.3 billion in 2025 at a rate of 8.3%. The global metal products market is then expected to grow at a CAGR of 5.7% from 2025 and reach $4,147.0 billion in 2030. Rising demand is the main driver of the market.
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Trends In The Global Metal Products Market
Metal products manufacturing companies are using recyclable and recycled materials for manufacturing new metal products. The production of new products using the scrap metals help the manufacturers to recover some costs and avoid waste; controls the energy and associated emissions required to produce new metal.
Global Metal Products Market Segments:
The global metal products market is further segmented based on type, end use and geography.
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
By 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
By Geography: The global metal products market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the metal products market, accounting for 36.1% of the total in 2020.
Read More On The Report For The Global Metal Products Market At:https://www.thebusinessresearchcompany.com/report/metal-products-global-market
Metal Products Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides metal products market overviews, analyzes and forecasts market size and growth for the global metal products market, metal products market share, metal products market players, metal products market segments and geographies, metal products market’s leading competitors’ revenues, profiles and market shares. The metal products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.