What Are The 5 Takeaways From The Metal Market Overview 2023
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 Business Research Company’s Metal Global Market Report 2023 offers crucial insights into the metal market help businesses analyse and build stronger strategies.
Five Key insights from the forecast include:
- Market Size – The global metal market size is expected to grow from $3940.17 billion in 2022 to $4230.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The market size of global metal market is expected to grow to $5464.83 billion in 2027 at a CAGR of 6.6%.
Global copper demand is anticipated to rise, boosting the metal manufacturing market.
- Key Trend – Automated manufacturing systems are on the rise, boosting productivity, and lowering costs in metal manufacturing. These systems, including robotics and AI, reduce human involvement, enhance safety, improve efficiency, product quality, and process stability, provide flexibility, and eliminate manual tasks in metal manufacturing processes like processing, assembly, and material handling.
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- Largest Region – Asia-Pacific was the largest region in the metal market share in 2022.
- Major Players – Major companies in the metal market include POSCO, Baoshan Iron & Steel Co.Ltd., ArcelorMittal S.A., Nippon Steel & Sumitomo Metal Corporation, Jiangxi Copper Company.
- Top Market Segments –
- 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, Other Metal Types
- By End User: Construction, Manufacturing, Other End Users
- 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 market in 2021.
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The Metal Global Market Report 2023 provides a comprehensive outlook of the metal market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The metal market forecast offers a thorough analysis on metal market size, metal market share, prominent players and their strategies.
Metal is a material with rapid positive ion generation, forming metallic bonds with anions, known for its high melting point, density, tensile strength, light reflectivity, malleability, ductility, electrical and thermal conductivity. It’s extensively utilized in heating, electricity, transportation fuel, and plastics production.
The Table Of Content For The Metal Market Include:
1. Metal Market Executive Summary
2. Metal Market Segments
3. Metal Market Size And Metal Market Growth Rate
4. Key Metal Market Trends
5. Major Metal Market Drivers
……
25. Key Mergers And Acquisitions In The Metal Market
26. Top Metal Companies
27. Metal Market Opportunities And Strategies
28. Metal Market, Conclusions And Recommendations
29. Appendix
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