Product Type
Metals
The metal market research reports offer comprehensive data by analyzing the global metal industry and its recent market trends, profits, analysis, and forecast. The metal industry mainly comprises of companies that are engaged in manufacturing of all types of metals like iron, steel, aluminum, base metals, and precious metals. The Asia Pacific region is the main dominator of this industry and has captured most of the industry share. Several factors impact the dynamics of this industry, which includes the growth in the related industries, government regulations, cyclical fluctuations in metal prices, general economic conditions, and end-use markets. The metal market report evaluates some of the main challenges of this industry which include government regulations, the rising cost of raw materials, increase the operational efficacy for reducing the operational cost and improving the quality of output. The rising growth rate of constructions, automobiles, equipment, and heavy machinery are expected to drive consumption of metals which are used in these industries. The region of Asia Pacific showed the most potential growth factor with a CAGR of 13% in the past five years, which is driven by growth in the GDP and the population as well. The industry of precious metals saw the maximum increase with double-digit growth in the last five years. It mainly increased by production and price of precious metals like gold, silver, and platinum. The metal market analysis predicts that the demand for precious metals is set to grow even higher in the next five years because of its increased application in different sectors. The market report also evaluates the growth and application of non-ferrous metals like aluminum, copper, zinc, lead, nickel, and tin that is mainly used for castings, alloys, wires, cables, forgings, extrusions, and pipes. The metal and the metal manufactured products serve a very key role in any economy since it is used in wide range of industries like aviation, automobile, electronics, and electrical items, energy and power, healthcare, construction, personal care, ornaments, building materials, and other things. The increase in demand from the sectors like aviation, healthcare, electrical & electronics, energy & power, infrastructure, personal care is mainly driving the global metal market and metal manufacturing industry. The report on metal industry and analysis also deals with the growing trend of metal recycling and the metal recycling market as well. It also includes the details of the market size of other related industries like metal recycling and sheet metal industry trends. The metal industry report also focuses on manufactured products market based on metal type, product, and region. The value of the metal and metal manufactured products market was around $ 710,531 in 2016, and it is anticipated to reach $866,605 million by the year 2023, growing at a rate of 2.8% CAGR from 2017 to 2023. The market is further categorized based on the metal type like aluminum, beryllium, bismuth, cadmium, indium, iron, lead, lithium, magnesium, cerium, chromium, cobalt, gold, manganese, mercury, and molybdenum. Based on the type of metal, it is divided into wires and cable, rolls, pipe fixture and fittings, pipes, jewelry and ornaments, electrical and electronics, bars, sheets molded components and rebar.