The metal and mineral manufacturing industry comprise organizations engaged in refining, smelting ferrous and nonferrous metals from ore, pig or scrap, using electrometallurgical techniques. This industry also includes the production of metal alloys, super alloys and minerals.
The top five companies were ArcelorMittal, POSCO, Nippon Steel & Sumitomo Metal, LafargeHolcim and JFE. ArcelorMittal was the largest competitor in the metal and mineral manufacturing market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Metal and Mineral Manufacturing Global Market Size
The global metal and mineral manufacturing market was valued around $8811 billion in 2017. Asia Pacific was the largest region in the metal and mineral manufacturing market in 2017, accounting for around 55% market share. China was the largest country accounting for above 30% market share.
Metal and Mineral Manufacturing Global Market Trend
Additive manufacturing (AM) is being widely used for manufacturing a wide range of metal products. The transition of additive manufacturing from a product development tool to production tool has been quick. Increased investment in metal AM technology is further leading to process improvements, lower productions costs in allied manufacturing industries.
Metal and Mineral Manufacturing Global Market Segmentation
The metal and mineral manufacturing industry is segmented into Metal Manufacturing, Mineral Products and Metal Products.
Metal Manufacturing segment includes companies engaged in nonferrous metal (except aluminum) smelting and refining, copper rolling, drawing, extruding, alloying, secondary smelting, refining, and alloying of nonferrous metal.
Mineral Products segment includes establishments engaged in abrasive products, cut stone, stone products, ground, lime, gypsum, cement, concrete, glass, mineral wool, flat glass, pottery, ceramics, and plumbing fixture manufacturing.
Metal Products segment includes establishments primarily engaged in screw, nut, bolt, spring, wire, boiler, tank, shipping, architectural, structural metal, cutlery, hand tool manufacturing. This industry also includes forging, stamping, coating, engraving, heat treating and allied activities.