The metal and fabricated metal products market is expected to gross $18.5 trillion globally by 2030 at a CAGR of 5.2%, according to Allied Market Research

Growth in the building and construction industry and the advantages of metal and metal fabrications in the construction industry are driving the growth of the global metal and metal fabrications market.

PORTLAND, Oregon., April 20, 2022 /PRNewswire/ — Allied Market Research recently released a report titled, “Metal and Metal Manufactured Goods Market by Metal Type (Lithium, Magnesium, Aluminum, Chromium, Manganese, Iron, Cobalt, Copper, Zinc, Molybdenum, Silver, and Others), Product Type (Wire and Cable, Jewelry and ornaments, bars and rebars, sheets, rolls, pipe fittings and fittings, pipes, molded components, batteries, paints and coatings, and others) and end-use industry (automotive and transportation, aerospace and defense, marine, consumer goods, electrical and electronics, manufacturing, energy and electricity, construction, packaging, pharmaceuticals and others): analysis of global opportunities and industry forecast, 2021-2030 ». According to the report, the world metal industry and manufactured metal products was attached to $11.2 trillion in 2020, and should reach $18.5 trillion by 2030, growing at a CAGR of 5.2% from 2021 to 2030.

Drivers, constraints and opportunities

Growth in the building and construction industry and the advantages of metal and metal fabrications in the construction industry are driving the growth of the global metal and metal fabrications market. However, disadvantages of aluminum in the construction industry are hampering the growth of the market. On the contrary, the use of aluminum promoted by governments in Asia Pacific and the emergence of effective solutions for waste management open up new opportunities for the future.

Request a PDF brochure: https://www.alliedmarketresearch.com/request-sample/4504

Covid-19 scenario:

  • The Covid-19 pandemic has led to a sharp decline in metal prices due to reduced demand for metals.
  • The prolonged lockdown has disrupted the supply chain, widened the gap between supply and demand and increased price volatility.
  • However, as businesses have reorganized their operations and recovered from the impact of Covid-19, the market is expected to recover soon.

The iron segment dominated the market

By type of metal, the iron segment held the largest share in 2020, accounting for more than a quarter of the global metal and fabricated metal products market, owing to rapid industrialization and urbanization in emerging countries . However, the lithium segment is expected to register the highest CAGR of 16.4% during the forecast period, owing to the electrification of vehicles attracting a large volume of lithium-ion batteries.

Get Detailed Analysis of Impact of COVID-19 on Fabricated Metal & Metal Goods Market @ https://www.alliedmarketresearch.com/request-for-customization/4504?reqfor=covid

Battery Segment to Show Highest CAGR through 2030

By product type, the battery segment would exhibit the highest CAGR of 12.0% from 2021 to 2030, driven by increasing continuous power supply needs of critical infrastructure and increasing demand for vehicles rechargeable. The bar and rebar segment held the largest share in 2020, contributing almost one-fifth of the global fabricated metal and metal products market.

Asia Pacific held the largest share; North America grow considerably

By region, the global metal and metal fabricated products market across Asia Pacific held the lion’s share in 2020, accounting for almost half of the market. Moreover, the region would show the highest CAGR of 5.3% from 2021 to 2030, due to the increase in the manufacturing of metals and metal products in the region. The market through North America should register a CAGR 4.8% over the forecast period.

Main market players

  • All Metal Sales, Inc.
  • China Minmetals Corporation
  • Broder Metals Group, Ltd.
  • Hitachi Metals Ltd.
  • China Molybdenum Co. Ltd
  • Newmont Company
  • Karay Metals Inc.
  • Steward Advanced Materials LLC
  • Sierra Metals Inc.
  • Talco Aluminum Company

Interested in obtaining this report? Visit here:

https://www.alliedmarketresearch.com/metal-and-metal-manufactured-products-market/purchase-options

Avenue Basic Plan | Access to the library | 1 year subscription |

Sign up for the Avenue subscription to access over 12,000 company profiles and over 2,000 niche market research reports on $699 per month, per seat. For one year, the customer must purchase a minimum 2-seat plan.

Avenue Library Subscription | Request a 14-day free trial before purchasing: https://www.alliedmarketresearch.com/avenueTrial

Get more information: https://www.alliedmarketresearch.com/library-access

Similar reports:

Metal Roofing Market: Global Opportunities Analysis and Industry Forecast 2020-2030

Silicon Metal Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

Metal Fiber Market: Global Opportunity Analysis and Industry Forecast 2020-2027

Metals and Metal Ores Market: Global Opportunity Analysis and Industry Forecast, 2017-2023

Metal Replacement Market: Global Opportunities Analysis and Industry Forecast, 2014-2022

Metal Deactivators Market: Global Opportunity Analysis and Industry Forecast, 2022-2029

About Us:

Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP based in Portland, OR. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan KumarCEO of Allied Market Research, directs the organization towards the provision of high quality data and information. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
hong kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
The Web: https://www.alliedmarketresearch.com
Follow us on: LinkedIn Twitter

SOURCE Allied Market Research

Comments are closed.