Powder Metallurgy Parts Global Market Report 2023 – By Product (Ferrous Metals, Non-Ferrous Metals), By Fabrication Method (Pressure-Based, Sinter-Based, Hybrid), By Application (Industrial, Automotive, Healthcare, Electrical And Electronics, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

The forging and stamping market consist of sales by entities (organizations, sole traders and partnerships) primarily engaged in manufacturing forging and stamping. The main types of forging and stamping are iron and steel forging, nonferrous forging, custom roll forming, powder metallurgy part manufacturing, metal crown, closure, and other types. A metal crown is made of gold alloys or base metal alloys like chromium or nickel. These crowns are having excellent strength, require a minimal amount of tooth structure to be removed, and the wearing out of opposing teeth is also minimal. The various end-user industries involved are automotive, construction, food & beverage packaging, machinery, metal products, and other end-user industries. The forging and stamping market research report is one of a series of new reports from The Business Research Company that provides forging and stamping market statistics, including forging and stamping industry global market size, regional shares, competitors with a forging and stamping market share, detailed forging and stamping market segments, market trends and opportunities, and any further data you may need to thrive in the forging and stamping industry. This forging and stamping 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 forging and stamping market is expected to grow from $260.2 billion in 2021 to $286.09 billion in 2022 at a compound annual growth rate (CAGR) of 10.0%. 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 forging and stamping market is expected to grow to $400.1 billion in 2026 at a CAGR of 8.7%. Robotic automation systems are one of the major trends in the metals stamping industry. Robotic automation systems are being implemented by companies to improve safety and quality, reduce costs, and increase productivity. FANUC, Motoman, KUKA, and ABB are the major suppliers of Robotic automation systems. Major players in the forging and stamping market are Magna International, ThyssenKrupp, Martinrea International, Harvey Vogel Manufacturing, and Alcoa. The Asia Pacific was the largest region in the forging and stamping market in 2021. Western Europe was the second-largest region in the forging and stamping market. The regions covered in the forging and stamping report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the forging and stamping 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 forging and stamping market is segmented - 1) By Type: Iron and Steel Forging, Nonferrous Forging, Custom Roll Forming, Powder Metallurgy Part Manufacturing, Metal Crown, Closure, and Other Metal Stamping 2) By End User Industry: Automotive, Construction, Food and Beverage Packaging, Machinery, Metal Products, Other End User Industries

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.

Mineral refers to an organic substance that is naturally occurring and has a specific chemical composition, crystal structure, and physical qualities with properties such as tenacity, cleavage, fracture, specific gravity, lustre, color, and hardness that are found in the Earth's crust 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 minerals are cement and concrete products, glass and glass products, other non-metallic mineral products, clay products and refractories, and lime and gypsum products. Cement and concrete products refer to the products that are used in building houses. The various applications involved chemicals manufacturing, metallurgy, electrical grid infrastructure, electronics, glass products, vehicles, and other applications. These are used in construction, manufacturing, and other end-users. The global mineral market is segmented - 1) By Type: Cement and Concrete Products, Glass and Glass Products, Other Non-Metallic Mineral Products, Clay Products and Refractories, Lime and Gypsum Products 2) By Application: Chemicals Manufacturing, Metallurgy, Electrical Grid Infrastructure, Electronics, Glass Products, Vehicles, Other Applications 3) By End User: Construction, Manufacturing, Other End Users Subsegments Covered: Cement, Ready-Mix Concrete, Concrete Pipe, Brick, and Block, Other Concrete Products, Flat Glass, Container Glass, Glassware and Other Glass Products Pottery, Ceramics, and Plumbing Fixtures, Clay Building Material and Refractories, Lime Products, Gypsum Products The global mineral market size grew from $968.07 billion in 2022 to $1044.55 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. 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, 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 mineral market is expected to grow to $1378.46 billion in 2027 at a CAGR of 7.2%. The imposition of high taxes on cement and concrete products limited the growth of the mineral products market. Mineral products such as cement, made from a different combination of minerals, are generally sold in high volumes at low prices, but heavy taxes imposed on cement and concrete products restrained the market’s growth. In July 2021, according to Cleartax, Cement will attract 28% GST resulting in increased costs for the infrastructure sector, The tax of limestone is at 5%. India's cement industry is the second-largest producer of cement after China. High taxes on cement negatively affected the growth of the mineral products market. Major companies in the mineral market include China National Building Material Group Co. Ltd., Compagnie de Saint-Gobain S.A., LafargeHolcim Ltd., HeidelbergCement AG, Anhui Conch Cement Company Limited, CRH plc, Votorantim S.A, Cemex SAB de CV, Guardian Industries LLC, and Asahi Glass Co. Ltd. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the mineral products market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, the Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Manufacturers depend heavily on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. The outbreak has hurt businesses throughout 2020 and into 2021. However, it is expected that the mineral products market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Advanced ceramics are cost-effective and are considered to be better alternatives to metals, plastics and glass because of their ability to offer better performance. Advanced Ceramics are identified by their high chemical purity and careful processing. It is used as thermal barrier coating in the hot part of engines, ceramic composite, thermal protection systems, engine components and even in sensors and antennas. For instance, advanced ceramics reached$10.41 Billion in 2021, at a compound annual growth rate of 6.5%, thus indicating an increase in the usage of advanced ceramics. GE Aviation’s $4.3 billion five-year investments, in US operations, were used for producing a new generation of jet engines, aircraft systems and engine components advanced ceramics. The Asia-Pacific was the largest region in the mineral market share in 2022. Western Europe was the second-largest region in the mineral market. The regions covered in the global mineral industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the mineral 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 mineral market consists of sales of metallic minerals and non-metallic minerals. 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 mineral 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 mineral market research report is one of a series of new reports from The Business Research Company that provides mineral market statistics, including mineral industry global market size, regional shares, competitors with a mineral market share, detailed mineral market segments, market trends and opportunities, and any further data you may need to thrive in the mineral industry. This mineral 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.

Forged and stamped goods refer to a product that is engaged in the production of forgings from purchased metals, metal custom roll forming products, metal stamped and spun products, and powder metallurgy products. The main types of forged and stamped goods are iron and steel forged goods, nonferrous forged goods, custom roll formed goods, powder metallurgy parts, metal crown, closure, and other metal stamped goods. Iron and steel forged goods obtain from the alloying of iron and carbon at high pressures. These are used in automotive, construction, food & beverage packaging, machinery, metal products, and other end users. The global forged and stamped goods market is segmented - 1) By Type: Iron and Steel Forged Goods, Nonferrous Forged Goods, Custom Roll Formed Goods, Powder Metallurgy Parts, Metal Crown, Closure, and Other Metal Stamped Goods 2) By End User Industry: Automotive, Construction, Food and Beverage Packaging, Machinery, Metal Products, Other End User Industries The global forged and stamped goods market size grew from $284.78 billion in 2022 to $306.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. 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 forged and stamped goods is expected to grow to $398.11 billion in 2027 at a CAGR of 6.8%. Expected growth in the demand for aircraft manufacturing supported by the growing demand for international and domestic air travel and rising government defense budgets are expected to drive the demand for forged and stamped goods. According to TBRC estimates, the sales of aerospace machinery will grow by 10.15% a year during 2018-2022 supported by the growing demand from the tourism industry. Simultaneously, many countries are increasing their defense budgets to improve their abilities to respond to international crises and are including technologically advanced equipment across categories such as ammunition, aircraft, and helicopters to be prepared for an emergency. For example, the US Senate has allocated $778.23 billion for the year 2020, as increase from $734.34 billion in 2019. An increase in defense budgets and production numbers of commercial aircraft will drive the demand for forged metal components in the forecast period, driving the overall growth of the forged and stamped goods market. Major companies in the forged and stamped market include ArcelorMittal S.A, Berkshire Hathaway Inc., Thyssenkrupp AG, American Axle & Manufacturing Inc., Kobe Steel Ltd., Bharat Forge Limited, Illinois Tool Works Inc., Fine Sinter Co. Ltd., CITIC Heavy Industries Co.Ltd., and Allegheny Technologies Incorporated. The increasing share of electric vehicles in the automobiles market due to the increasing demand for electric passenger vehicles is expected to restrain the forged and stamped goods market, particularly as the automobile manufacturing market is the largest end-use market for the forged and stamped goods manufacturers. Electric vehicles comprise simple architectural parts such as engines used in an electric vehicle that are much simpler than those used in motor vehicles. 60% of forging units are involved in the manufacturing of engine and transmission-related auto components. Internal combustion engines of automobiles contain 2000 moving parts which are reduced to 20 parts in the electrical vehicles, decreasing the demand for forged and stamped goods. So, for instance, the emergence of electrical vehicles is expected to reduce the demand for auto forged and stamped goods by 40%-50% in India by 2030. Metal forgers are increasingly incorporating additive manufacturing technologies to offer customized designs to customers. 3D technology is being used in forging for balancing customization and personalization with efficiency and waste reduction. The 3D forging technology offers advantages, such as the preparation of complicated shapes and designs and negligible material loss. Companies using additive/3D manufacturing technology include Alcoa and Bharat Forge. The Asia-Pacific was the largest region in the forged and stamped goods market share in 2022. Western Europe was the second-largest region in the forged and stamped goods market. The regions covered in the global forged and stamped market analysis report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries in the forged and stamped 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 forged and stamped market consists of sales of carbon steel forged goods, aluminium forged goods, copperforged goods, and brass forged goods. 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 forged and stamped market research report is one of a series of new reports from The Business Research Company that provides forged and stamped market statistics, including forged and stamped industry global market size, regional shares, competitors with a forged and stamped market share, detailed forged and stamped market segments, market trends and opportunities, and any further data you may need to thrive in the forged and stamped industry. This forged and stamped 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.

Rare earth metals refer to all the chemical elements from Group 3 that are made up of three other elements that have properties such as fluorescent, conductive, and magnetic and are either silver, silvery-white, or gray in color and play a vital role in a clean-tech-driven economy. The main types of products of rare earth metals are light rare earth metals, heavy earth metals, and others. The lanthanides with the lowest atomic numbers are known as light rare earth metals and include praseodymium, cerium, samarium, lanthanum, scandium, and neodymium. The different types of metals include neodymium, yttrium, dysprosium, terbium, europium, cerium, lanthanum, others and are used in magnets, catalysts, metallurgy, polishing, glass, phosphors, ceramics, others. The global rare earth metals market is segmented - 1) By Product Type: Light Rare Earth Metals, Heavy Earth Metals, Other Product Types 2) By Metal Type: Neodymium, Yttrium, Dysprosium, Terbium, Europium, Cerium, Lanthanum, Other Metal Types 3) By Application: Catalysts, Ceramics/Glass, Glass Polishing, Metallurgy, Other Applications The global rare earth metals market size will grow from $6.58 billion in 2022 to $7.29 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. 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 market size of the global rare earth metals is expected to grow to $9.6 billion in 2027 at a CAGR of 7.1%. An increase in the demand for electronics is expected to serve as a major driver of the rare earth metals market in the forecast period. Rare earth metals are widely used in the manufacturing of electronic products such as cellular telephones, computer hard drives, flat-screen monitors, and televisions. According to data by StockApps.com, a UK-based centric brokerage firm that allows users to trade online, global consumer spending in electronics is expected to reach $1.06 trillion in 2021. This will create a significant surge in demand for the rare earth metals market and thus will propel the growth of the rare earth elements. Major players in the rare earth metals market are Lynas Rare Earths, Iluka Resources, Greenland Minerals, Northern Minerals, Arafura Resources limited, Neo Performance Materials, MP Materials Corp., Australian Strategic Materials Limited, Hitachi Metals Ltd., Energy Fuels Inc., Pensana Rare Earths PLC, Hastings Technology Metals Limited, Texas Mineral Resources, Shin-Etsu Chemical Co. Ltd., Showa Denko K. K., Rare Elements Resources limited, Ucore Rare Metals, Rainbow Rare Earths, RareX Limited, Leading Edge Materials Corp, and Ionic Rare Earths. The development of ultrathin 2D magnets is shaping the rare earth metals market, leading to new applications in computing and electronics. This ultrathin 2D magnet can operate at room temperature and can be used in computing and electronics. For instance, in July 2021, Scientists at the Department of Energy, Lawrence Berkeley National Laboratory recently developed an ultrathin 2D magnet that is chemically stable under ambient conditions and can be used in high-density, compact spintronic memory devices. In April 2020, USA Rare Earth, LLC, a US-based company specializing in critical heavy rare earth elements and high-tech metals acquired Hitachi Metals America, Ltd for an undisclosed amount. Under the terms of the agreement, USA Rare Earth bought Hitachi Metals America's neodymium iron boron (NdFeB) permanent magnet production equipment, which was located in North Carolina. Hitachi Metals America is a US-based company and a subsidiary of Hitachi Metals that offers rare earth metals such as the family of permanent magnets, Neodymium (Nd)-Iron (Fe) Boron (B). Asia-Pacific was the largest region in the rare earth metals market in 2022. The regions covered in the rare earth metals market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the rare earth metals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The rare earth metals market consists of sales of lanthanides, scandium, yttrium, and trivalent earth 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 rare earth metals market research report is one of a series of new reports from The Business Research Company that provides rare earth metals market statistics, including rare earth metals industry global market size, regional shares, competitors with a rare earth metals market share, detailed rare earth metals market segments, market trends and opportunities, and any further data you may need to thrive in the rare earth metals industry. This rare earth metals 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 and mineral refer to solid, naturally occurring inorganic materials that make up the crust of the earth and are smelted from ore, pigs, or scrap using electrometallurgical techniques and inorganic, solid, naturally occurring compounds with properties such as tenacity, cleavage, fracture, specific gravity, lustre, colour, and hardness. The main types of metal and mining are mineral, metal, and metal products. Metal products refer to the finished products that are made out of metals. These are used for chemicals manufacturing, metallurgy, electrical grid infrastructure, electronics, glass products, vehicles, and other applications that are used By End Users such as construction, manufacturing, and Other End Users. The global metal and mineral market is segmented - 1) By Type: Mineral, Metal, Metal Products 2) By Application: Chemicals Manufacturing, Metallurgy, Electrical Grid Infrastructure, Electronics, Glass Products, Vehicles, Other Applications 3) By End User: Construction, Manufacturing, Other End Users Subsegments Covered: Cement and Concrete Products, Glass and Glass Products, Other Non-Metallic Mineral Products, Clay Products and Refractories, Lime and Gypsum Products, Iron and Steel Mills and Ferroalloy, Processed Nonferrous Metal, Processed Alumina and Aluminum, Foundries, Steel Products, 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, The global metal and mineral market size grew from $7540.84 billion in 2022 to $8126.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. 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 market size of metal and mineral is expected to grow to $10650.94 billion in 2027 at a CAGR of 7.0%. Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) are expected to drive innovation in metal and mineral market 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, according to a report by Accenture, the manufacturing sector will witness the highest annual gross value added (GVA) growth rate of 4.4% due to artificial intelligence by 2035. The report also states that artificial intelligence has the potential to increase profitability by an average of 38% by 2035. Lower operating costs lead to higher margins, this allows companies to expand production and increase product portfolio, thus driving the growth of the metal and mineral manufacturing market going forward. Major companies in the metal and mineral market are ArcelorMittal S.A, POSCO, Baoshan Iron & Steel Co. Ltd., Nippon Steel & Sumitomo Metal Corporation, China National Building Material Group Co. Ltd., Compagnie de Saint-Gobain S.A, Jiangxi Copper Company, Votorantim S.A, JFE Holdings Inc., and LafargeHolcim Ltd. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the metal and mineral manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, the Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Manufacturers depend heavily on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. The outbreak has hurt businesses throughout 2020 and into 2021. However, it is expected that the metal and mineral manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Many metal and mineral market 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 The Asia-Pacific was the largest region in the metal and mineral market share in 2022. Western Europe was the second-largest region in the metal and mineral market. The regions covered in the global metal and mineral industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the metal and mineral 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 and mineral market consists of sales of metallic minerals and non-metallic minerals. 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 metal and mineral 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 and mineral market research report is one of a series of new reports from The Business Research Company that provides metal and mineral market statistics, including metal and mineral industry global market size, regional shares, competitors with a metal and mineral market share, detailed metal and mineral market segments, market trends and opportunities, and any further data you may need to thrive in the metal and mineral industry. This metal and mineral 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 cryogenic pump refers to a vacuum pump that captures gases and vapors by causing them to condensate on a cold surface. These are critical tools for powering up a variety of operations that use pure and mixed industrial gases. The cryogenic pump is used to handle, transport, and transfer cryogenic fluids. The main types of cryogenic pumps are positive displacement pumps and centrifugal pumps. The positive displacement pump refers to a mechanical device that displaces liquid by repeatedly enclosing a fixed volume and moving it mechanically through the system in a cyclic pumping action. The gas types are nitrogen, oxygen, argon, liquefied natural gas, and others gas types. The orientations are horizontal and vertical. Oil and gas end-users, metallurgy, power generation, chemicals and petrochemicals, marine, and other end-users The global cryogenic pump market is segmented - 1) By Type: Positive Displacement Pump, Centrifugal Pump 2) By Cryogen Type: Nitrogen, Oxygen, Argon, Liquefied Natural Gas, Other Cryogen Type 3) By Orientation: Horizontal, Vertical 4) By End-User: Oil And Gas, Metallurgy, Power Generation, Chemical And Petro Chemical, Marine, Other End-Users The global cryogenic pump market size grew from $2.14 billion in 2022 to $2.26 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. 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, causing inflation across goods and services and affecting many markets across the globe. The market size of the cryogenic pump is expected to grow to $2.82 billion in 2027 at a CAGR of 5.7%. The rise in electricity generation from renewable resources is expected to propel the growth of the cryogenic pump market going forward. Electricity generation from renewable resources refers to clean energy that is collected from renewable resources such as biomass energy, hydropower, geothermal power, wind energy, and solar energy. Cryogenic pumps are used to generate renewable electricity by the depressurization of high-pressure gases using power production equipment, resulting in the generation of electricity. For instance, in 2020, according to the International Energy Agency, a France-based global energy system intergovernmental organisation, renewable energy use increased by 3% in the year 2020 due to a 7% growth in electricity generation from renewable sources. Therefore, the rise in electricity generation from renewable resources is driving the cryogenic pump market growth. Major players in the cryogenic pump market are Ebara Corporation, Fives Group SAS, Nikkiso Co., Ltd., PHPK Technologies, Ruhrpumpen Group, SHI Cryogenics Group, Trillium Flow Technologies, Sumitomo Heavy Industries Ltd., Barber-Nichols, CryoVation LLC., CS&P Technologies LP, KRYTEM Cryogenic Systems, SEHWA TECH INC., Vanzetti Engineering S.p.A., and Xinxiang Chengde Energy Technology Equipment Co., Ltd. Technological innovation is the key trend gaining popularity in the cryogenic pump market. Major companies operating in the cryogenic pump market are focused on developing new technological solutions to strengthen their position. For instance, in December 2021, Edwards Vacuum, a UK-based company and provider of cryogenic pumps, launched a new cryopump for semiconductor applications, the CTI-Cryogenics On-Board IS 320F XVS. This product has unique features such as intelligent self-adjusting technology, variable speed motor and control system, and cryogenic heat load compensation that are designed to provide stable, consistent vacuum performance between regenerations. It is a sophisticated system control that ensures better process quality, vacuum consistency, and uptime while also delivering real-time system information for optimal array temperature management. In March 2021, Torishima Service Solutions Europe Ltd., a wholly owned subsidiary of Torishima Pump Manufacturing Co., acquired Cryo Pump Repairs Ltd for an undisclosed amount. Through this acquisition, Torishima Service Solutions Europe Ltd aimed at entering a new market with its pump experience and optimizing synergies. Cryo Pump Repairs Ltd is a Scotland-based company that is experienced in inspecting, maintaining, installing, and commissioning submerged motors and cryogenic pumps for the liquified gas industry for the past 30 years. Asia-Pacific was the largest region in the cryogenic pump market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this cryogenic pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cryogenic pump market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The cryogenic pump market consists of sales of centrifugal cryo pump, piston or reciprocating cryogenic pumps, and submerged pumps. 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 cryogenic pumps market research report is one of a series of new reports from The Business Research Company that provides cryogenic pumps market statistics, including cryogenic pumps industry global market size, regional shares, competitors with a cryogenic pumps market share, detailed cryogenic pumps market segments, market trends and opportunities, and any further data you may need to thrive in the cryogenic pumps industry. This cryogenic pump 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 Composite Market Definition

The metal matrix composite market consists of sales metal matrix composites by entities (organizations, sole traders, and partnerships) that manufacture metal matrix composite materials. Metal matrix composites (MMCs) is a composite material made up of two constituent parts, of which at least one is metal and other material may be a different metal or another material. MMCs are a class of materials (metals, alloys, or intermetallic compounds) that have been reinforced with particles, whiskers, or continuous fibers. MMCs can be excellent substitutes to conventional materials owing to their hardness, specific strengths, and creep resistance. Metal matrix composites are composed of a metallic matrix (such as magnesium, cobalt, aluminum, or copper) with a dispersed phase distributed through. MMCs combine the properties of two different materials to produce a material with superior mechanical properties. Based on metallic matrix configurations, metal matrix composites are classified into different categories such as aluminum-based composites, magnesium-based composites, titanium-based composites, copper-based composites, and super alloy-based composites.