Learn about the global metal market through The Business Research Company, which provides information on metal market size, metal market drivers and restraints, metal market players, the COVID-19 impact on the metal market, and more.

The global metal market size is expected to grow from $3,638.17 billion in 2021 to $3,949.41 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The global metal market size is expected to grow to $5,306.13 billion in 2026 at a CAGR of 7.7%.

The global demand for copper is expected to increase during the forecast period, driving the metal manufacturing market.

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The metal 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.

Global Metal Market Segments Include:
By Type: Iron and Steel Mills and Ferroalloy, Processed Nonferrous Metal, Processed Alumina and Aluminum, Foundries, Steel Products

By Metal Type: Aluminum, Beryllium, Bismuth, Cadmium, Cerium, Chromium, Cobalt, Others

By End-User: Construction, Manufacturing, Others

Subsegments Covered: Crude Steel, Pig Iron, Ferroalloys, 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), Aluminum Products from Purchased Aluminum, Secondary Smelted and Alloyed Aluminum, Refined Alumina and Primary Aluminum Production, Ferrous Metal Foundries, Nonferrous Metal Foundries, Iron and Steel Pipe and Tube, Rolled and Drawn Steel

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the metal market in 2021.

Automated manufacturing systems are gaining popularity as they enhance manufacturing productivity and reduce operating costs in the metals industry. Automation systems refer to a machine, tool or technology such as robotic and AI technology that helps to reduce human intervention and improve safety in the metal manufacturing processes such as processing, assembling, material handling. This allows metal manufacturing companies to increase efficiency and production, improve safety on the manufacturing floor, enhance product quality, perform complex and varied tasks, enhance process stability, provide flexibility to produce products and eliminate routine manual tasks.

TBRC’s metal market report covers:

Major Market Players: POSCO, Baoshan Iron & Steel Co.Ltd, ArcelorMittal S.A., Nippon Steel & Sumitomo Metal Corporation, Jiangxi Copper Company, JFE Holdings Inc., Glencore International, Hyundai Steel Company, Nucor Corp, and TATA Steel Group.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Metal Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides metal market overviews, analyzes and forecasts market size, share, metal market players, metal market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s metal market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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