Aluminum Systems Global Market Report 2023 – By Alloy Type (Wrought Aluminum Alloy, Cast Aluminum Alloy), By Alloying Element (Silicon, Magnesium, Manganese, Copper, Other Alloying Elements), By Applications (Transportation & Logistics, Packaging, Construction, Electrical & Electronics, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Processed nonferrous metals refer to types of alloys or metals without a significant proportion of iron that are primarily engaged in smelting ores into nonferrous metals and/or the primary refining of nonferrous metals (except aluminum) by electrolytic methods or other processes and used in manufacturing of light weight and malleable products. The main types of processed nonferrous metal are smelted and refined nonferrous metal (except aluminium), rolled, extruded and alloyed copper, rolled and extruded nonferrous metal (except copper and aluminium), secondary smelted, refined and alloyed nonferrous metal (except copper and aluminium). Rolled processed non-ferrous metal refers to the metal that is rolled at certain temperatures and involves metal casting. The different process types include smelting and refining, rolling, drawing, extruding, alloying, and other process types and are used in automotive, electronic power, construction, and other end users. The global processed nonferrous metal market is segmented - 1) By Type: Smelted and Refined Nonferrous Metal (except Aluminum), Rolled, Extruded and Alloyed Copper, Rolled and Extruded Nonferrous Metal (except Copper and Aluminum), Secondary Smelted, Refined and Alloyed Nonferrous Metal (except Copper and Aluminum) 2) By Process Type: Smelting and Refining, Rolling, Drawing, Extruding, Alloying, Other Process Types 3) By End User Industry: Automotive, Electronic Power, Construction, Other End User Industries The global processed nonferrous metal market size grew from $1460.83 billion in 2022 to $1542.1 billion in 2023 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global processed nonferrous metal market is expected to grow to $1861.73 billion in 2027 at a CAGR of 4.8%. Rapidly growing urban populations are expected to drive the demand for non-ferrous metal products in the forecast period. A large number of people living in rural areas are migrating to urban areas in search of a better life. This is expected to increase the need for housing and infrastructure. Infrastructure demand is expected to increase significantly in Asian countries such as China, India, Vietnam, and the Philippines. According to the World Urbanization Prospects Report by the United Nations, 55% of the world’s population lived in urban areas, and the rate is expected to rise to 68% by 2050. According to the World Bank, the urban population in South Asia is expected to grow to 250 million by 2030. Major companies in the processed nonferrous metal products market include Jiangxi Copper Company, Freeport-McMoRan Inc., JXTG Holdings Inc., Grupo Mexico S.A.B. de C.V, Toyota Tsusho, MMC Norilsk Nickel PJSCm, Mitsubishi Materials Corporation, Glencore International, Sumitomo Metal Mining Co. Ltd., and ThyssenKrupp AG. The launch of new products and market growth are expected to affect the supply chain operations of the nonferrous metal production and processing market, during the forecast period. A major limitation is uncertainty over raw material suppliers’ ability to meet market demand. Going forward, long delays and unproductive downtime in manufacturing facilities due to a lack of supply chain visibility will continue to be a key challenge for metal and mineral manufacturers. According to a KPMG survey, only 17% of companies have ‘complete visibility of their suppliers. Poor supply will result in an inability to meet market demand and will restrain the industry’s growth. 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 a production tool has been quick. Increased investment in metal AM technology is further leading to process improvements, lower productions costs in allied manufacturing industries. For instance, the global metal additive manufacturing market reached a CAGR of over 24% in 2020. The Asia-Pacific was the largest region in the processed nonferrous metal market size in 2022. Western Europe was the second-largest region in the processed nonferrous metal market. The regions covered in the global processed nonferrous metal industry report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries in the processed nonferrous 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 processed nonferrous metal market consists of sales of lithium, copper, lead, tin, titanium, and zinc. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The processed nonferrous metal market research report is one of a series of new reports from The Business Research Company that provides processed nonferrous metal market statistics, including processed nonferrous metal industry global market size, regional shares, competitors with a processed nonferrous metal market share, detailed processed nonferrous metal market segments, market trends and opportunities, and any further data you may need to thrive in the processed nonferrous metal industry. This processed nonferrous metal 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.

Processed alumina and aluminum refer to a process that involves alumina extraction primarily from bauxite ore, producing aluminum from alumina, recovering aluminum from scrap or dross, refining aluminum by any process, alloying purchased aluminum, and rolling, drawing, casting, extruding, and alloying aluminum and aluminum-based alloys into primary forms such as bar, foil, pipe, plate, rod, sheet, tube, and wire. The main types of processed alumina and aluminium are aluminium products from purchased aluminium, secondary smelted and alloyed aluminium, refined alumina, and primary aluminium production. Secondary smelted and alloyed aluminium refers to the process that involves recycled aluminium scrap that is converted back to molten metal by heating it in electric arc furnaces. These are used in automotive, manufacturing, and other applications. The global processed alumina and aluminum market is segmented - 1) By Type: Aluminum Products From Purchased Aluminum, Secondary Smelted and Alloyed Aluminum, Refined Alumina and Primary Aluminum Production 2) By Application: Automotive, Manufacturing, Other Applications Subsegments Covered: Sheet, Plate, Foil, Welded Tube, Smelted Aluminum, Alloyed Aluminum, Refined Alumina, Aluminum Production The global processed alumina and aluminum market size grew from $865.31 billion in 2022 to $950.34 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The processed market size of alumina and aluminum is expected to grow to $1341.47 billion in 2027 at a CAGR of 9.0%. The alumina and aluminium market growth in the historic period was mainly driven by the increase in construction activity in emerging markets. Emerging markets that registered robust construction activity included China, Brazil, India, Saudi Arabia, and Indonesia. For instance, China’s construction market grew to $2,279 billion in 2019. This rapid growth in construction activity contributed to the growth of the alumina and aluminium production and processing market. Major companies in the processed alumina and aluminium market include Hindalco Industries Ltd., China Hongqiao Group Limited, Novelis Inc., Rio Tinto, Alcoa Corporation, United Co RUSAL PLC, Aluminum Corporation of China Limited (CHALCO), Glencore International, Emirates Global Aluminium, and Norsk Hydro ASA. Geopolitical tensions are expected to hurt the alumina and aluminium production and processing market during the forecast period. Repercussions of geopolitical tensions include sanctions on Russia, trade protectionism, and heightened military tensions in the Middle East. Sanction on Russia was related to the violation of the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991. 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. The US is also implementing several trade restrictions, especially with China, to boost its local production. For instance, the US imposed tariffs on $550 billion worth of Chinese goods including metals and metal products as of January 2020. Continued violence and terrorism in the Middle East and other parts globally are also expected to hurt the market. Aluminium manufacturers are using furnace insulators to minimize energy loss during the melting process. Furnace insulators are temperature resistant materials used for thermal insulation of furnaces. Advanced furnace insulators have temperature resistance of up to 1200oC with low shrinkage of less than 1% at 700oC. They also provide high resistance to thermal shock, abrasives, and chemicals. Recent tests have indicated that in terms of thermal conductivity, the advanced low bio-persistent fibre-based board furnace insulator performs better than calcium silicate by about 20% at 600oC and 15% at 800oC. Major companies offering furnace insulators include Morgan, Thermal Products Company, Nichias. The Asia-Pacific was the largest region in the processed alumina and aluminium market share in 2022. Western Europe was the second-largest region in the processed alumina and aluminium market. The regions covered in the global processed alumina and aluminium industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the processed alumina and aluminium 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 processed alumina and aluminum market consists of sales of bauxites, aluminum hydroxide, cryolite, and corundum. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The processed alumina and aluminium market research report is one of a series of new reports from The Business Research Company that provides processed alumina and aluminium market statistics, including processed alumina and aluminium industry global market size, regional shares, competitors with a processed alumina and aluminium market share, detailed processed alumina and aluminium market segments, market trends and opportunities, and any further data you may need to thrive in the processed alumina and aluminium industry. This processed alumina and aluminium 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.

Metal refers to any of a group of materials that generate positive ions quickly and form metallic bonds with other anions, distinguished by a high melting point, high density and tensile strength, high light reflectivity, malleability, and ductility, as well as strong electrical and thermal conductivity and widely used in various areas such as heating for homes and offices, electricity, transportation fuel, and the production of plastics. The main types of metal are iron and steel mills and ferroalloy, processed nonferrous metal, processed alumina and aluminium, foundries, and steel products. The processed alumina and aluminium refer to the aluminium that is processed through metal casting. 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 global metal market is segmented - 1) By Type: Iron and Steel Mills and Ferroalloy, Processed Nonferrous Metal, Processed Alumina and Aluminum, Foundries, Steel 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: Crude Steel, Pig Iron, Ferroalloys, Smelted and Refined Nonferrous Metal (except Aluminum), Rolled, Extruded and Alloyed Copper, Rolled and Extruded Nonferrous Metal (except Copper and Aluminum), Secondary Smelted, Refined and Alloyed Nonferrous Metal (except Copper and Aluminum), Aluminum Products From Purchased Aluminum, Secondary Smelted and Alloyed Aluminum, Refined Alumina and Primary Aluminum Production, Ferrous Metal Foundries, Nonferrous Metal Foundries, Iron and Steel Pipe and Tube, Rolled and Drawn Steel The global metal market size grew from $3940.17 billion in 2022 to $4230.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global metal market is expected to grow to $5464.83 billion in 2027 at a CAGR of 6.6%. The global demand for copper is expected to increase during the forecast period, driving the metal manufacturing market. According to a report by Fitch Solutions, global copper demand is expected to increase to 29 .8 million tons by 2027, with an annual growth rate of 2.6%. Significant growth in demand for copper is expected to come from electric vehicles, appliances, air conditioners, refrigerators and other electrical and electronics products. For instance, electric vehicles require approximately 130 lb. of additional copper, compared to vehicles with an internal combustion engine. Additional demand for 600,000 tons of copper by 2027 is expected to come from electric vehicles, thereby driving the market going forward. Major companies in the metal market include POSCO, Baoshan Iron & Steel Co.Ltd., ArcelorMittal S.A., Nippon Steel & Sumitomo Metal Corporation, Jiangxi Copper Company, JFE Holdings Inc., Glencore International, Hyundai Steel Company, Nucor Corp, and TATA Steel Group. Geopolitical tensions are expected to hurt the metal manufacturing market during the forecast period. Repercussions of geopolitical tensions include sanctions on Russia, trade protectionism and heightened military tensions in the Middle East. Sanction on Russia was related to the violation of the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991. For instance, Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe. The US is also implementing several trade restrictions, especially with China, to boost its local production. For instance, the US imposed tariffs on $550 billion worth of Chinese goods including metals and metal products as of January 2020. Continued violence and terrorism in the Middle East and other parts globally are also expected to hurt the 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 robotics and AI that helps to reduce human intervention and improve safety in metal manufacturing processes such as processing, assembling, and 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. For instance, in November 2021, ABB Limited, a Switzerland-based manufacturing technology company, launched a smart factory solution. The new system is exceptional because it provides powerful real-time ladle tracking in addition to automated crane scheduling, a predictive thermal modeling engine, and other features. The tracking engine continuously monitors the movement of ladles using cranes and transfer carriages. In comparison to radio-frequency identification (RFID) solutions, radar and laser positioning technologies offer precise vision while requiring less hardware and maintenance. Job forecasting, route planning, and automatic job acknowledgment are all part of the automated crane scheduling process. The Asia-Pacific was the largest region in the metal market share in 2022. Western Europe was the second-largest region in the metal market. The regions covered in the global metal market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the metal 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 metal market consists of sales of ferrous, non-ferrous, and alloys of metals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The metal market research report is one of a series of new reports from The Business Research Company that provides metal market statistics, including metal industry global market size, regional shares, competitors with a metal market share, detailed metal market segments, market trends and opportunities, and any further data you may need to thrive in the metal industry. This metal 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.

Metal matrix composites (MMCs) are a class of materials (metals, alloys, or intermetallic compounds) that have been reinforced with particles, whiskers, or continuous fibers. MMCs are excellent substitutes for conventional materials owing to their hardness, specific strength, and creep resistance. The main types of metal matrix composites are aluminium MMC, magnesium MMC, copper MMC, superalloys MMC, and others. Aluminum is a chemical compound that is a light, silver-colored metal that is mostly utilized in the manufacture of cooking equipment and aircraft components. Aluminum metal matrix composites (AlMMCs) are a type of material that has been shown to fulfil the majority of the stringent requirements in applications requiring lightweight, high stiffness, and moderate strength. Magnesium-matrix composites have been developed for the space industry thanks to the low density of magnesium and its alloys. Copper-matrix composites are superior compared to other MMCs. Some equipment in particle accelerators, such as Radio Frequency Quadrupoles (RFQs) or electron targets, uses copper MMC compounds such as Glidcop to retain the material properties of copper at high temperatures and radiation levels. Super alloys are commonly used as candidate materials for manufacturing gas turbine blades, where they operate at higher temperatures and speeds. The various production technologies include liquid metal infiltration, powder metallurgy, casting, and deposition techniques. Metal matrix composites are used in various sectors, such as automotive and transportation, aerospace and defense, electrical and electronics, and industrial, among others. The global metal matrix composite market is segmented - 1) By Matrix Type: Aluminum MMC, Magnesium MMC, Copper MMC, Super Alloys MMC, Other Matrix Types 2) By Production Technology: Liquid Metal Infiltration, Powder Metallurgy, Casting, Deposition Techniques 3) By End-Use Industry: Automotive and Transportation, Aerospace and Defense, Electrical and Electronics, Industrial, and Other End-User Industries The global metal matrix composite market size grew from $0.53 billion in 2022 to $0.58 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global metal matrix composite is expected to grow to $0.81 billion in 2027 at a CAGR of 8.6%. The growth of the automotive industry is expected to fuel the growth of the metal matrix composite market in the coming years. The automotive industry is made up of a diverse group of businesses and organizations that are involved in the design development, production, marketing, and sale of automobiles. Metal matrix composites are used to lower vehicle weight and enhance the efficiency of automobiles. For instance, according to the Statista, the global automotive industry is expected to grow to 9 trillion U.S. dollars by 2030, with new vehicle sales accounting for about 38% of this value. Electric vehicle sales are expected to increase from 2.5 million in 2020 to 3.4 million in 2021 and 31.1 million in 2030. Therefore, the expansion of the automotive industry propels the growth of the metal matrix composite market. Major players in the metal matrix composite market are 3M, CPS Technologies, GKN Sinter Metals, CeramTec, Ferrotec Corporation, Sandvik, Plansee, ADMA Products, Metal Matrix Cast Composites LLC, TISICS, DWA Aluminum Composites, Mi-Tech Tungsten Metals, AMETEK Specialty Metals Products, Santier, and Denka Company. The growth in technological advancements is shaping the metal matrix composite market. Major institutes and companies are focusing on projects involving advanced composite materials for the automotive and aerospace industries. According to a study published in 2021, Al-based metal matrix composites (AMMCs) have enormous applications in aerospace, automobiles, and other structural applications. Compared with conventional processes such as casting and powder metallurgy, AMMCs processed by additive manufacturing show a significant difference in microstructure and properties. Further, in 2019, the CSIR-National Institute for Interdisciplinary Science and Technology launched an Indo-German project on innovative composite materials involving near-net shape (NIIST) technology. The objective of the new CSIR-NIIST project is to produce lightweight, near-net-form carbon fiber-reinforced aluminium composites and parts for the automotive and aerospace sectors. In January 2022, Plansee SE, an Austria-based manufacturer of refractory metal-based products, signed a definitive agreement to acquire Mi-Tech Tungsten Metals. With the acquisition, Plansee is expected to strengthen its tungsten product market position in North America, and its customers will benefit in the future from a broader range of products and services. Mi-Tech Tungsten Metals is a US-based supplier of tungsten-based products. North America was the largest region in the metal matrix composite market in 2022. Asia-Pacific was expected to be the fastest region in the forecast period. The regions covered in the metal matrix composite market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the metal matrix composite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The metal matrix composite market consists of sales of titanium MMC and cobalt MMC. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The metal matrix composite market research report is one of a series of new reports from The Business Research Company that provides metal matrix composite market statistics, including metal matrix composite industry global market size, regional shares, competitors with a metal matrix composite market share, detailed metal matrix composite market segments, market trends and opportunities, and any further data you may need to thrive in the metal matrix composite industry. This metal matrix composite 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.

Metal products refer to a type of product that has properties including a high melting point, high density and tensile strength, high light reflectivity, malleability, and ductility, as well as strong electrical and thermal conductivity, and is generally formed by processes including turning, drilling, milling, shaping, planing, broaching, and sawing. 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 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 global metal products market size grew from $2632.6 billion in 2022 to $2851.45 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global metal products market is expected to grow to $3807.64 billion in 2027 at a CAGR of 7.5%. 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 growth of the metal products manufacturing market. 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. 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. The Asia-Pacific was the largest region in the metal products market share in 2022. Western Europe was the second-largest region in the metal products market. The regions covered in the global metal products industry 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 metal products market consists of sales of bars, rods, bolts, pipe fittings, and automotive parts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. 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 nonferrous metal production and processing market consist of sales of nonferrous metals by entities (organizations, sole traders and partnerships) primarily engaged in smelting ores into nonferrous metals and/or the primary refining of nonferrous metals (except aluminium) by electrolytic methods or other processes. The main types of nonferrous metal production and processing are nonferrous metal (except aluminium) smelting and refining, copper rolling, drawing, extruding, and alloying, nonferrous metal (except copper and aluminium) rolling, drawing, and extruding, secondary smelting, refining, and alloying of nonferrous metal (except copper and aluminium). Secondary smelting will utilize secondary resources to convert or recover lead metal. The process types are smelting and refining, rolling, drawing, extruding, alloying, and other process types. The various end-user industries are automotive, electronic power, construction, and other end-user industries. The global nonferrous metal production and processing market is expected to grow from $1,062.28 billion in 2021 to $1,187.55 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The nonferrous metal production and processing market is expected to grow to $1,494.97 billion in 2026 at a CAGR of 5.9%. Global metals companies are adopting and implementing IoT technology to improve their efficiencies and drive productivity. IoT connects people, machines, and services enabling the flow of information and real-time decisions. IoT technology offers benefits such as increased asset uptime, efficient predictive maintenance and faster processing and delivery time. According to KPMG, 72% of executives of global metals companies are willing to invest in IoT technologies. The growing adoption of IoT technology by global metals companies is expected to drive the productivity and growth of the nonferrous metal production and processing market. Major players in the nonferrous metal production and processing market are Aluminum Corp. of China Ltd, Vale S.A, Rio Tinto plc, Anglo American plc, and BHP Billiton plc. Asia Pacific was the largest region in the nonferrous metal production and processing market in 2021. Western Europe was the second-largest region in the nonferrous metal production and processing market. The regions covered in the nonferrous metal production and processing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the nonferrous metal production and processing market are 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 nonferrous metal production and processing market is segmented - 1) By Type: Nonferrous Metal (except Aluminum) Smelting and Refining, Copper Rolling, Drawing, Extruding, and Alloying, Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Extruding, Secondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum) 2) By Process Type: Smelting and Refining, Rolling, Drawing, Extruding, Alloying, Others 3) By End-User Industry: Automotive, Electronic Power, Construction, Others

The alumina and aluminum production and processing market consist of sales of alumina and aluminium by entities (organizations, sole traders and partnerships) primarily engaged in alumina extraction primarily from bauxite ore, producing aluminium from alumina, recovering aluminium from scrap or dross, refining aluminium by any process, alloying purchased aluminium and rolling, drawing, casting, extruding and alloying aluminium and aluminium-based alloy into primary forms such as bar, foil, pipe, plate, rod, sheet, tube, wire. The main types of alumina and aluminium production and processing are aluminium product manufacturing from purchased aluminium, secondary smelting and alloying of aluminium, and alumina refining and primary aluminium production. Secondary smelting will utilize secondary resources to convert or recover lead metal. An aluminium alloy is a composition containing mainly aluminium to which other elements have been added. The alloy is made by combining the elements when aluminium is molten (liquid), which cools to form a homogeneous solid solution. The various applications involved automotive, manufacturing, and other applications. The global alumina and aluminum production and processing market size is expected to grow from $688.45 billion in 2021 to $788.58 billion in 2022 at a compound annual growth rate (CAGR) of 14.5%. The alumina and aluminum production and processing market is expected to grow to $1,107.63 billion in 2026 at a CAGR of 8.9%. Aluminium manufacturers are producing customized aluminium alloys for automobile manufacturers to produce lightweight vehicles. The use of aluminium alloys in vehicles reduces carbon emissions Increases fuel economy and improves overall stability as aluminium alloys considerably reduce vehicle body weight. This is primarily driven by stringent emission regulations and growing pressure to improve the economy by many national and state governments. For instance, the US government’s federal emission standards make it mandatory for automobile manufacturers to increase corporate average fuel economy (CAFE) to 54.5 mpg by 2025. This increase in CAFE is being achieved by increasing the aluminium content in the vehicle’s body to reduce its weight by around 30%. In line with this trend, global automobile manufacturers are increasing the aluminium content in their vehicles. Major players in the alumina and aluminum production and processing market are Rio Tinto, Weiqiao/ Hongqiao Group, United Co RUSAL PLC, Alcoa, and Norsk Hydro. Asia Pacific was the largest region in the alumina and aluminum production and processing market in 2021. Western Europe was the second-largest region in the alumina and aluminum production and processing market. The regions covered in the alumina and aluminum production and processing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the alumina and aluminum production and processing market are 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 alumina and aluminum production and processing market is segmented - 1) By Type: Aluminum Product Manufacturing from Purchased Aluminum, Secondary Smelting and Alloying of Aluminum, Alumina Refining and Primary Aluminum Production 2) By Application: Automotive, Manufacturing, Others Subsegments Covered: Sheet, Plate, Foil, Welded Tube, Aluminum Smelting, Aluminum Alloying, Alumina Refining, Aluminum Production

The metals manufacturing 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 aluminium production and processing. The main types of metal manufacturing are iron and steel mills and ferroalloy manufacturing, nonferrous metal production and processing, alumina and aluminium production and processing, foundries, and steel product manufacturing. Steel product manufacturing refers to the products rolled, formed, shaped, drawn, extruded, forged, cast, fabricated or processed, or processed by a combination of two or more or such operations, from steel made by the open heath, basic oxygen, electric furnace, Bessemer or other steel making process. The metal types are aluminium, beryllium, bismuth, cadmium, cerium, chromium, cobalt, and other metal types. The various end-users involved are construction, manufacturing, and others. The global metal manufacturing market size is expected to grow from $3,023.2 billion in 2021 to $3,425 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The global metal manufacturing market size is expected to grow to $4,542.55 billion in 2026 at a CAGR of 7.3%. Industrial robotics is gaining traction among companies in the metals industry. This is mainly because industrial robotics aids companies in reducing labour costs, improving workplace safety, and driving productivity and efficiency. Industrial robots have widespread applications in the metals industry performing tasks such as material handling, arc welding, spot welding, cutting, and press tending. According to a KPMG report, 42% of executives of global metals companies are willing to invest significantly in robotics. Examples of companies offering industrial robots to metals companies include FANUC, KUKA, ABB, and Motoman. Major players in the metals manufacturing market are Arcelor Mittal, POSCO, Nippon Steel & Sumitomo Metal, JFE, and TATA Steel Group. Asia Pacific was the largest region in the metal manufacturing market in 2021. Western Europe was the second-largest region in the global metal manufacturing market. The regions covered in the global metal manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the metal manufacturing market are 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 manufacturing market is segmented - 1) By Type: Iron and Steel Mills and Ferroalloy Manufacturing, Nonferrous Metal Production and Processing, Alumina and Aluminum Production and Processing, Foundries, Steel Product Manufacturing 2) By Metal Type: Aluminum, Beryllium, Bismuth, Cadmium, Cerium, Chromium, Cobalt, Others 3) By End-User: Construction, Manufacturing, Others Subsegments Covered: Crude Steel, Pig Iron, Ferroalloys, Nonferrous Metal (except Aluminum) Smelting and Refining, Copper Rolling, Drawing, Extruding, and Alloying, Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Extruding, Secondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum), Aluminum Product Manufacturing from Purchased Aluminum, Secondary Smelting and Alloying of Aluminum, Alumina Refining and Primary Aluminum Production, Ferrous Metal Foundries, Nonferrous Metal Foundries, Iron and Steel Pipe and Tube Manufacturing, Rolling and Drawing