The Global Processed Nonferrous Metal Market Report by The Business Research Company covers processed nonferrous metal market drivers and restraints, processed nonferrous metal market size, major players, and the impact of COVID-19 on the processed nonferrous metal market.
The processed nonferrous metal market consists of sales of processed 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 aluminum) by electrolytic methods or other processes. The processed nonferrous metal market is segmented into smelted and refined nonferrous metal (except aluminum), rolled, extruded and alloyed copper, rolled and extruded nonferrous metal (except copper and aluminum), and secondary smelted, refined and alloyed nonferrous metal (except copper and aluminum).
Rapidly growing urban populations are expected to drive the demand for non ferrous metal products in the forecast period. A large number of people living in rural areas are migrating to urban areas in search of a better life. This is expected to increase the need for housing and infrastructure.
The global processed nonferrous metal market is expected to grow from $1216.94 billion in 2020 to $1263.62 billion in 2021 at a compound annual growth rate (CAGR) of 3.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1611.83 billion in 2025 at a CAGR of 6%.
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Some processed nonferrous metal market trends include additive manufacturing (AM) being widely used for manufacturing a wide range of metal products. The transition of additive manufacturing from a product development tool to production tool has been quick. Increased investment in metal AM technology is further leading to process improvements, lower productions costs in allied manufacturing industries.
Global processed nonferrous metal market segments include:
1) By Type: Smelted And Refined Nonferrous Metal (Except Aluminum), Rolled, Extruded And Alloyed Copper, Rolled And Extruded Nonferrous Metal (Except Copper And Aluminum), Secondary Smelted, Refined And Alloyed Nonferrous Metal (Except Copper And Aluminum).
2) By End User Industry: Automotive, Electronic Power, Construction, Others.
3) By Process Type: Smelting And Refining, Rolling, Drawing, Extruding, Alloying, Other.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Processed Nonferrous Metal Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides processed nonferrous metal market overviews, analyzes and forecasts market size, share, processed nonferrous metal market players, processed nonferrous metal market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The processed nonferrous metal market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Processed Nonferrous Metal Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Aluminum Corp. of China Ltd, Vale S.A., Rio Tinto plc, Anglo American plc, BHP Billiton plc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The processed nonferrous metal Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The processed nonferrous metal Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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