Metal & Metal Manufactured Products Market by Metal Type, By Product and By Region – Global Opportunities & Forecast, 2020-2027
Metal & Metal Manufactured Products Market by Metal Type (Aluminum, Bismuth, Gold, Cobalt, Iron, Lithium, Lead, Magnesium, and Others), By Product (Jewellery & Ornaments, Wire & Cable, Bars, Electrical & Electronics, Rolls, Sheets, Pipes, Pipe Fixture & Fittings, Rebar, Molded Components, and Others), and By Region
Metal & Metal Manufactured Products Market was valued at USD 765 billion in 2019 and projected to grow at 2.5% CAGR over the forecast period.
Metals are considered as an important and reusable resource that possess high electrical & thermal conductivity, ability to get distorted under pressure by eliminating the risk of splitting and have high density. The metal & metal manufactured products are considered as very valuable commodities that are adopted across a diversified range of industries such as electronics, electrical, and construction. The extraction of most of the metals is done through mining from their respective ores, which can be found in the earth’s crust.
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The metal & metal manufactured products market is likely to experience high growth in the upcoming years owing to the rise in the demand for the metal and its manufactured products across several application areas like power & energy, electronics, and others. In addition to this, rising population rate, rapid industrialization, along with the increase in the investments for the development of infrastructure across several countries are some other factors surging the demand for the metal & metal manufactured products across the world. Moreover, the rise in the technological advancements in the metals that are driven by the raw material supply pressures, followed by the digital processes as a result of the rising demand for lightweight metals and rapid manufacturing in the form of additive manufacturing, is further boosting the market’s growth.
An increase in the demand for the metals across the automotive industry and the growing penetration of the recycled metal and its products are the factors thriving several growth opportunities for the metal & metal manufactured products in the market. The factors that are responsible for hindering the growth of the global metal & metal manufactured products include the presence of several alternatives and the varying prices of the raw materials.
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Based on metal type, the Magnesium segment is expected to increase at a higher CAGR during the forecast period owing to the increasing use of magnesium in several products as a result of its several benefits such as enhanced stiffness, lightweight, good strength-to-weight ratio, along with high thermal & electrical conductivity and the ability to withstand high operating temperature.
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Based on the region, Asia-Pacific is anticipated to dominate the market during the forecast period owing to the rising adoption of metal and metal manufactured products as a result of growth in industrial activities. Moreover, the rising demand from the automotive & construction industry, rapid urbanization, along with the increase in the development of infrastructure across several countries such as India, China, and others are some other factors fuelling the growth of the metal & metal manufactured products market in this region.
Various notable players operating in the market include Asarco LLC, CJ Environmental, Inc., Freeport-McMoRan, Hochschild Mining plc, Rio Tinto, Anglo American plc, Minmetals Land Limited, China Molybdenum Co., Ltd., SHANDONG NANSHAN ALUMINIUM CO., LTD., and Barrick Gold Corporation, among others.
Key Developments:
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- In 2020, Hochschild Mining plc entered into a joint venture agreement with Adamera Minerals Corp. for the Cooke Mountain gold project of Adamera. The company will explore and develop many high-grade gold targets at Cooke Mountain of Adamera.
- In 2019, Freeport-McMoRan targeted for the introduction of machine learning technology into its mines to increase the annual output by 90,000 tonnes. This technology utilizes the data from the sensors across the mine and provides new ways for enhancing the performance of the crushers and processing mills.
The global metal & metal manufactured products market has been segmented on the basis of metal type, product, and region. Based on the metal type, the market is segmented into Aluminum, Bismuth, Gold, Cobalt, Iron, Lithium, Lead, Magnesium, and Others. Based on the product, the market is segmented into entry jewellery & ornaments, wire & cable, bars, electrical & electronics, rolls, sheets, pipes, pipe fixture & fittings, rebar, molded components, and others.
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Key questions answered in this research report:
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- At what pace is the global metal & metal manufactured products market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in the global metal & metal manufactured products market? What will be the impact of drivers and restraints in the future?
- What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global metal & metal manufactured products market?
- Which metal type generated maximum revenues in 2019 and identify the most promising metal type during the forecast period?
- What are the various products of the metal & metal manufactured products, and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
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Report Coverage |
Details |
| Market Base Year |
2019 |
| Market Forecast Period |
2020-2027 |
| Market Revenues (2019) |
USD 765 billion |
| Base Year & Forecast Units |
Revenues (USD Million) |
| Market Segment | By Metal Type, By Product, By Region |
| Regional Coverage | Asia Pacific, Europe, North America, and RoW |
| Companies Profiled | Asarco LLC, CJ Environmental, Inc., Freeport-McMoRan, Hochschild Mining plc, Rio Tinto, Anglo American plc, Minmetals Land Limited, China Molybdenum Co., Ltd., SHANDONG NANSHAN ALUMINIUM CO., LTD., and Barrick Gold Corporation, among others; a total of 10 companies covered. |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Metal & Metal Manufactured Products Market by Metal Type
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- Aluminum
- Bismuth
- Gold
- Cobalt
- Iron
- Lithium
- Lead
- Magnesium
- Others
Global Metal & Metal Manufactured Products Market by Product
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- Jewellery & Ornaments
- Wire & Cable
- Bars
- Electrical & Electronics
- Rolls
- Sheets
- Pipes
- Pipe Fixture & Fittings
- Rebar
- Molded Components
- Others
Global Metal & Metal Manufactured Products Market by Region
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- North America Metal & Metal Manufactured Products Market (Option 1: As a part of the free 25% customization)
- North America Metal & Metal Manufactured Products Market by Metal Type
- North America Metal & Metal Manufactured Products Market by Product
- US Metal & Metal Manufactured Products Market All-Up
- Canada Metal & Metal Manufactured Products Market All-Up
- Europe Metal & Metal Manufactured Products Market (Option 2: As a part of the free 25% Customization)
- Europe Metal & Metal Manufactured Products Market by Metal Type
- Europe Metal & Metal Manufactured Products Market by Product
- UK Metal & Metal Manufactured Products Market All-Up
- Germany Metal & Metal Manufactured Products Market All-Up
- France Metal & Metal Manufactured Products Market All-Up
- Spain Metal & Metal Manufactured Products Market All-Up
- Rest of Europe Metal & Metal Manufactured Products Market All-Up
- Asia-Pacific Metal & Metal Manufactured Products Market (Option 3: As a part of the free 25% Customization)
- Asia-Pacific Metal & Metal Manufactured Products Market by Metal Type
- Asia-Pacific Metal & Metal Manufactured Products Market by Product
- China Metal & Metal Manufactured Products Market All-Up
- India Metal & Metal Manufactured Products Market All-Up
- Japan Metal & Metal Manufactured Products Market All-Up
- Rest of APAC Metal & Metal Manufactured Products Market All-Up
- RoW Metal & Metal Manufactured Products Market (Option 4: As a part of the free 25% Customization)
- RoW Metal & Metal Manufactured Products Market by Metal Type
- RoW Metal & Metal Manufactured Products Market by Product
- Brazil Metal & Metal Manufactured Products Market All-Up
- South Africa Metal & Metal Manufactured Products Market All-Up
- Saudi Arabia Metal & Metal Manufactured Products Market All-Up
- UAE Metal & Metal Manufactured Products Market All-Up
- Rest of world (remaining countries of the LAMEA region) Metal & Metal Manufactured Products Market All-Up
- North America Metal & Metal Manufactured Products Market (Option 1: As a part of the free 25% customization)
Global Metal & Metal Manufactured Products Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- Asarco LLC
- CJ Environmental, Inc.
- Freeport-McMoRan
- Hochschild Mining plc
- Rio Tinto
- Anglo American plc
- Minmetals Land Limited
- China Molybdenum Co., Ltd.
- SHANDONG NANSHAN ALUMINIUM CO., LTD.
- Barrick Gold Corporation
Frequently Asked Question About This Report
Metal & Metal Manufactured Products Market [UP1017A-00-0620]
Metal & Metal Manufactured Products Market is projected to grow at 2.5% CAGR over the forecast period.
The Magnesium segment is expected to increase at a higher CAGR during the forecast period owing to the increasing use of magnesium in several products as a result of its several benefits such as enhanced stiffness, lightweight, good strength-to-weight ratio, along with high thermal & electrical conductivity and the ability to withstand high operating temperature.
Asia-Pacific is anticipated to dominate the market during the forecast period owing to the rising adoption of metal and metal manufactured products as a result of growth in industrial activities.
Various notable players operating in the market include Asarco LLC, CJ Environmental, Inc., Freeport-McMoRan, Hochschild Mining plc, Rio Tinto, Anglo American plc, Minmetals Land Limited, China Molybdenum Co., Ltd., SHANDONG NANSHAN ALUMINIUM CO., LTD., and Barrick Gold Corporation, among others.
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