Precious Metals E Waste Recovery Global Market Report 2023 – By Type (Palladium, Copper, Gold, Silver, Nickel, Platinum), By Application (Trashed, Recycled), By Source (Household Appliances, IT And Telecommunication, Consumer Electronics, Small Industrial Tools, Professional Medical Tools) – Market Size, Trends, And Global Forecast 2023-2032

The metal working machinery refers to machines that work by electricity for performing different actions on metals including sanding, knurling, drilling, boring, facing, threading as well as turning. Metalwork is defined as a process of working with metals in order to create individual parts, assemblies, and large structures. The main types of metalworking machinery are special die and tool, die set, jig, and fixture, machine tool, industrial mold, rolling mill, and other metalworking machinery, and cutting tool and machine tool accessory. Industrial mold refers to the molding or shaping of a liquid or raw material. The various cAsia-Pacificity includes small, medium, and large. These are used in automotive, manufacturing, and other applications. The global metalworking machinery market is segmented - 1) By Type: Special Die And Tool, Die Set, Jig, And Fixture, Machine Tool, Industrial Mold, Rolling Mill And Other Metalworking Machinery, Cutting Tool And Machine Tool Accessory 2) By Capacity: Small, Medium, Large 3) By Application: Automotive, Manufacturing, Other Applications Subsegments Covered: Dies, Stamping and Other Tools, Jigs and fixtures, Metal Cutting Tools, Metal Forming Tools, Metal Molds, Other Material Molds, Wire Drawing and Fabricating Machinery, Coil Winding and Cutting Machinery, Rolling Mill Machines, Other Rolling Mill And Other Metalworking Machinery, Metalworking Knives And Bits, Measuring Attachments, Metalworking Drill Bits, Machine Tool Taps And Dies The global metalworking machinery market size grew from $252.93 billion in 2022 to $271.38 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, 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 metalworking machinery market is expected to grow to $346.97 billion in 2027 at a CAGR of 6.3%. The metal working machinery manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. Major companies in the metalworking machinery market include Sandvik AB, Berkshire Hathaway Inc., TRUMPF Group, Mitsubishi Heavy Industries Ltd., Amada Co. Ltd., Toyota Tsusho, Colfax Corporation, Fanuc Corp, Okuma Corporation, and Taiyo Nippon Sanso Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the metalworking machinery manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity 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, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the metalworking machinery 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. Machinery manufacturers are offering advanced 6-axis CNC milling machines to efficiently fabricate complex components. CNC milling is a specific type of computer numerical controlled (CNC) machining. This involves the use of computers to control machine tools like lathes, mills, routers, and grinders. The 6-axis CNC machine converts a raw metal bar into the final product by turning from both ends of the fixture. This offers high-quality products while minimizing errors. CNC milling helps in the short-run production of complex parts and the fabrication of unique precision components. Major companies manufacturing 6-axis CNC milling are Yamazaki Mazak, DMG MORI, ERLO, Giben International, Haas Automation, Knuth Machine Tools, and IMSA. The Asia-Pacific was the largest region in the metalworking machinery market share in 2022. Western Europe was the second largest region in the metalworking machinery market. The regions covered in the global metal working machinery industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the metalworking machinery market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, 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, USA, Venezuela, and Vietnam. The metal working machinery market consists of sales of various kinds of metal working machines available in different forms, including lathes, milling machines, and planers. 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 working machinery market research report is one of a series of new reports from The Business Research Company that provides metal working machinery market statistics, including metal working machinery industry global market size, regional shares, competitors with a metal working machinery market share, detailed metal working machinery market segments, market trends and opportunities, and any further data you may need to thrive in the metalworking machinery industry. This metal working machinery 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.

Precious metal catalysts refer to noble metal catalysts with distinctive properties and a partially filled d-orbital that can either lend electrons to the reagent or pull them away, depending on the type of reaction. These catalysts consistently exhibit strong catalytic activity and selectivity. These are used to speed up chemical reactions by lowering the energy barrier between reactants and products. The main types of precious metal catalysts are platinum, palladium, rhodium, iridium, ruthenium, and other types. Platinum is a soft, ductile, malleable, silver-white metallic element used in catalytic converters, electrical contacts, pacemakers, drugs, and magnets. The various types of reactions include hydrogenation, asymmetric hydrogenation, reductive amination, alkylation, hydrogenation cracking reaction, carbonylation, and other reaction types. The applications include automotive, refining, petrochemicals, oil and mining, and other applications. The global precious metal catalysts market is segmented - 1) By Type: Platinum, Palladium, Rhodium, Iridium, Ruthenium, Other Types 2) By Reaction Type: Hydrogenation, Asymmetric Hydrogenation, Reductive Amination, Alkylation, Hydrogenation Cracking Reaction, Carbonylation, Other Reaction Types 3) By Application: Automotive, Refining, Petrochemicals, Oil and Mining, Other Applications The global precious metal catalysts market size will grow from $14.64 billion in 2022 to $15.94 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. 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 precious metal catalysts is expected to grow to $22.04 billion in 2027 at a CAGR of 8.4%. Increasing demand for precious metal catalysts in the automotive industry propels the growth of the precious metal catalyst market going forward. Demand for precious metal catalysts in the automotive industry refers to the application of precious metal catalysts in fuel cell-driven vehicles, as a cathode material for electric vehicles, and as an automotive catalyst. Precious metals are important elements in the rapidly expanding automotive sectors that enable advanced products for electric vehicles and fuel-cell vehicles. For instance, in February 2022, according to 2021 financial results published b "Nornickel"’, a Russia-based nickel and palladium mining and smelting company, demand for palladium in the automotive industry increased by 0.6% in 2022 as compared to 2021. Therefore, increasing demand for precious metal catalysts in the automotive industry is driving the precious metal catalyst market Major players in the precious metal catalyst market are BASF SE, Johnson Matthey, Heraeus Group, Clariant International, Umicore, Alfa Aesar, Shaanxi Kai Da Chemical Engineering, Xi'an Catalyst New Materials, Vineeth Precious Catalysts, Chimet, Sabin Metal Corporation, American Elements, ALS Limited, Remettal Deutschland, and JandJ Materials. Technological innovation is the key trend gaining popularity in the precious metal catalyst market. Major companies operating in the precious metal catalyst market are focused on developing technologically innovative precious metal catalysts to strengthen their position. For instance, in March 2020, BASF, a Germany-based chemical company, developed and launched an innovative Tri-Metal Catalyst technology. This innovative technology enables light-duty gasoline automobiles to partially replace expensive palladium with less expensive platinum without breaching emissions regulations. Tri-Metal Catalyst technology adoption can help manufacturers decrease catalytic converter costs and partially rebalance the market demand for PGMs. In November 2020, Evonik, a Germany-based specialty chemicals company, acquired Porocel Group for a deal amount of $210 million. Through this acquisition, Evonik is expanding its catalyst portfolio to include activities in the area of desulfurization catalysts and adsorbents, which will enable the growth acceleration of Evonik’s catalyst business. Porocel Group is a US-based precious metal catalyst manufacturer. Asia-Pacific was the largest region in the precious metal catalyst market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in this precious metal catalyst market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the precious metal catalysts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The precious metal catalyst market consists of sales of iridium, gold, and silver. 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 precious metal catalysts market research report is one of a series of new reports from The Business Research Company that provides precious metal catalysts market statistics, including precious metal catalysts industry global market size, regional shares, competitors with a precious metal catalysts market share, detailed precious metal catalysts market segments, market trends and opportunities, and any further data you may need to thrive in the precious metal catalysts industry. This precious metal catalysts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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.

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.

The metal magnesium refers to a light structural metal that is used to produce lightweight products including car covers, car seats, cameras, laptops, fuel tank covers, steering wheels, and others. Magnesium is also used to melt iron and steel to remove the sulfur particles and is also used in fireworks, sparklers, flares, and others. The main product type of metal magnesium is pure magnesium, a magnesium compound and magnesium alloys. Magnesium alloys are alloys made up of magnesium (the lightest structural metal) with other metals, such as aluminum, zInc., manganese, silicon, copper, rare earth and zirconium. The manufacturing process for metal magnesium include the thermal reduction process, electrolyte process and recycling and are used for applications such as die casting, aluminum alloys, titanium reduction, iron and steel making and other applications. The end users of metal magnesium are automotive, aerospace, electronics, sports, medical and other end-user. The global metal magnesium market is segmented - 1) By Product: Pure Magnesium, Magnesium Compounds, Magnesium Alloys 2) By Manufacturing Process: Thermal Reduction Process, Electrolyte Process, Recycling 3) By Application: Die Casting, Aluminum Alloys, Titanium Reduction, Iron And Steel Making, Other Applications 4) By End-User Industry: Automotive, Aerospace, Electronics, Sports, Medical, Other End User The global metal magnesium market size will grow from $4.12 billion in 2022 to $4.41 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. 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 the global metal magnesium is expected to grow to $5.79 billion in 2027 at a CAGR of 7.1%. The increased focus on automotive light-weighting is driving the growth of the metal magnesium market. The focus on lightweight automotive vehicles is increasing due to various reasons such as enhancing significant fuel efficiency, offering a smart look and appearance, and emission standards. The increased focus on automotive light-weighting will create a significant demand for metal magnesium due to its lightweight property. Magnesium helps to produce lightweight products and is increasingly used in automotive applications. Magnesium is employed in door frames, steering wheel armatures, panel cross-car beams, seat frames, fuel tank covers, and other components making them lighter to include in automotive vehicles. For instance, according to the Department of Energy of the USA, a 10% reduction in vehicle weight can result in a 6% to 8% improvement in fuel economy. Replacing cast iron and traditional steel components in vehicles with lightweight materials such as magnesium (Mg) alloys, high-strength steel, aluminum (Al) alloys, carbon fiber, and polymer composites can reduce the weight of a vehicle's body and chassis by up to 50%, lowering fuel consumption. By 2030, the use of lightweight components and high-efficiency engines enabled by advanced materials in 25% of the US fleet could save over 5 billion gallons of fuel. Therefore, the increasing automotive light-weighting will drive the growth of the market for metal magnesium. Major players in the metal magnesium market are Alliance Magnesium, Wenxi YinGuang Magnesium Industry (Group) Co Ltd., Nippon Kinzoku Co Ltd., POSCO, Taiyuan Tongxiang Magnesium Co Ltd., RIMA Group, Magontec Ltd., Shanxi Wenxi Hongfu Magnesium Co Ltd., US Magnesium LLC, Latrobe Magnesium, Sunglow Magnesium Group, Western Magnesium Corp, Nevada Clean Magnesium Inc., Dead Sea Magnesium Ltd and Esan Eczacibasi. The strategic partnership is a key trend gaining popularity in the metal magnesium market. Many companies operating in the metal magnesium market and researchers/academies are undergoing partnerships for the research and development of metal magnesium. These partnerships bring synergies between the partners and result in new metal magnesium with multiple benefits. These partnerships enable metal magnesium players to innovate, and strengthen their market position. For instance, in January 2020, a US-based manufacturer of magnesium products ALLITE Inc., and a Chinese public research university Xi'an Jiaotong University formed a partnership to research the magnesium alloy. The collaboration focuses on the advancement of ALLITE’s proprietary Super Magnesium alloys by combining the company’s expertise and incredible facilities and team expertise of the university. It aims to unveil new light and numerous benefits to the work being carried out at the company. In April 2020, Refratechnik Group, a Germany-based manufacturer and developer of high-grade refractories, acquired QMAG Limited, an Australian magnesia operations, from Sibelco for an undisclosed amount. This acquisition would strengthen Refratechnik’s position as a major producer of industrial minerals for the ceramics, iron and steel, lime, cement, and lime sectors. Along with complementing Refratechnik's current world-class magnesia operations in Canada (via Baymag) and its most recent start-up in China, QMAG would provide vertical supply chain integration to its current alliances (Haichen Guozheng Mining). Asia-Pacific was the largest region in the metal magnesium market in 2022. The regions covered in the metal magnesium market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the metal magnesium market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The metal magnesium market consists of sales of magnesium carbonate, magnesium chloride, and magnesium citrate. 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 magnesium market research report is one of a series of new reports from The Business Research Company that provides metal magnesium market statistics, including metal magnesium industry global market size, regional shares, competitors with a metal magnesium market share, detailed metal magnesium market segments, market trends and opportunities, and any further data you may need to thrive in the metal magnesium industry. This metal magnesium 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 metal finishing chemicals are used for electroplating or treating metal parts. Metal finishing chemicals are used to form a thin coating on metals for enhancing their appearance, increasing marketability, enhancing corrosion and wear resistance, adding value, and improving the function or performance of the product. The common chemicals used as metal finishing chemicals are chromic acid, ammonia, hydrochloric acid, nitric acid, hydrofluoric acid, sulfuric acid, phosphoric acid, and sodium hydroxide. The main types of metal finishing chemicals are plating chemicals, cleaning chemicals, conversion coating, proprietary chemicals, and other types. Plating chemicals refer to metal coatings on diverse materials that are created by autocatalytic chemical reduction of metal cations in a liquid bath in industrial chemical processes. Plating chemicals include formula additives, metal salts, and other consumables electroless plating, electrodeposition, anodized layer formation, or electroplating. The various materials used in metal finishing chemicals are zInc., nickel, chrome, copper, gold, silver, platinum, and other materials using electroplating, chemical and electro-chemical conversion, electroless plating, and other processes. They are used by several end-use industries such as automotive, electrical and electronics, industrial machinery, construction, aerospace and defense, and other end-users. The global metal finishing chemicals market is segmented – 1) By Type: Plating Chemicals, Cleaning Chemicals, Conversion Coating, Proprietary Chemicals, Other Types 2) By Material: Zinc, Nickel, Chrome, Copper, Gold, Silver, Platinum, Other Materials 3) By Process: Electroplating, Chemical and Electro-chemical Conversion, Electroless Plating, Other Process 4) By End-Use Industry: Automotive, Electrical and Electronics, Industrial Machinery, Construction, Aerospace and Defense, Other End Users The global metal finishing chemicals market size grew from $11.48 billion in 2022 to $12.2 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. 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 metal finishing chemicals market size is expected to grow to $15.63 billion in 2027 at a CAGR of 6.4%. The increasing sales of automobiles worldwide are expected to drive the growth of the metal finishing chemicals market. The growth in automobile sales is driven by rapid urbanization and the expansion of global auto manufacturers in developing nations. Automobile parts are finished using various coatings of metals such as zInc., and nickel that keep the automotive parts corrosion-free and resistant to rubbing against each other. According to U.S. News & World Report, an American media company, in 2021, the number of new automobiles sold in the USA was slightly more than 15 million, a 3.4% increase over the year 2020. Thus, the increased sales of automobiles is anticipated to positively impact the growth of the metal finishing chemicals market. Major players in the metal finishing chemicals market are McGean-Rocho Inc., Atotech Deutschland GmbH, Advanced Chemical Company, Asterion LLC, Quaker Houghton Corporation, A Brite Company, DOW Chemicals, Coral Chemical Company, Raschig GmbH, Chemetall, Coventya, Platform Specialty Products Corporation, BASF SE, Element Solutions Inc., and Henkel AG & Co. KGaA. Product innovations are a key trend gaining popularity in metal finishing chemicals. Companies in the metal finishing chemicals are launching the improved version of a previous good to enhance its capabilities and provide the best product in the market. For instance, in December 2021, SIFCO ASC, a US-based provider of selective electroplating and anodizing services, launched Encapsulated Plating, a new-to-market electroplating technique. The new method combines the best of both previous processes to provide a long-term solution for plating complex, circular, or axis-symmetric elements such as deep bores or recessed sections. The procedure has the same benefits as selective plating in that it minimizes masking, decreases the reliance on submerging an entire item, generates minimum waste, and maintains a fast-plating rate. In September 2021, Element Solutions Inc., a US-based diversified specialty chemicals company, acquired Coventya Holding SAS for an undisclosed amount. The acquisition aligned with Element’s strategy of continuous investment in technology, innovation, and talent, and further focused on developing and providing the highest performing sustainable solutions for surface finishing applications in markets such as construction, automotive, industrial, consumer goods, and electronics. Coventya Holding SAS is a France-based manufacturer and distributor of specialty chemicals for the surface finishing industry. North America was the largest region in the metal finishing chemicals market in 2022. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the metal finishing chemicals market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the metal finishing chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The metal finishing chemicals market consists of sales of metal finishing chemical products such as nitric acid and hydrochloric acid. 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 finishing chemicals market research report is one of a series of new reports from The Business Research Company that provides metal finishing chemicals market statistics, including metal finishing chemicals industry global market size, regional shares, competitors with a metal finishing chemicals market share, detailed metal finishing chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the metal finishing chemicals industry. This metal finishing chemicals 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 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