The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global metal and mineral market size is expected to grow from $7540.84 billion in 2022 to $8126.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The metal and mineral market is expected to grow to $10650.94 billion in 2027 at a CAGR of 7.0%.

What will drive the metal and mineral market?

Rapid advancements in wireless technology and miniaturisation (the construction of smaller components for equipment) are likely to stimulate innovation in metal and mineral manufacturing, hence propelling the market over the forecast period.

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Who are the major players in the market?

Major Market Players in the metal and mineral market include ArcelorMittal S.A, POSCO, Baoshan Iron & Steel Co. Ltd., Nippon Steel & Sumitomo Metal Corporation, China National Building Material Group Co. Ltd.

Which trend is gaining popularity in the metal and mineral market?

Robotics and automation are being used by many metal and mineral manufacturing industries to boost plant efficiency and productivity. Sensors are employed in a variety of machinery to collect vital data that can be used to improve efficiencies and reduce future malfunctions.

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How is the metal and mineral market segmented?

Global Metal And Mineral Market Segments Include:

• By Type: Mineral, Metal, Metal Products
• By Application: Chemicals Manufacturing, Metallurgy, Electrical Grid Infrastructure, Electronics, Glass Products, Vehicles, Other Applications
• By End User: Construction, Manufacturing, Other End Users
• Subsegments Covered: Cement and Concrete Products, Glass and Glass Products, Other Non-Metallic Mineral Products, Clay Products and Refractories, Lime and Gypsum Products, Iron and Steel Mills and Ferroalloy, Processed Nonferrous Metal, Processed Alumina and Aluminum, Foundries, Steel Products, 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,

• 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 is the largest region in the global metal and mineral market in 2021.

The Metal And Mineral Global Market Report 2023  provides an overview of the metal and mineral market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The metal and mineral market forecast analyzes metal and mineral market size, metal and mineral market share, leading competitor and their market positions.

Metal and mineral refer to solid, naturally occurring inorganic materials that comprise the earth’s crust and are smelted from ore, pigs, or scrap using electrometallurgical techniques, as well as inorganic, solid, naturally occurring compounds with properties such as tenacity, cleavage, fracture, specific gravity, lustre, colour, and hardness.

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