IMARC Group, a leading market research company, has recently releases report titled, “Metal & Metal Manufactured Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global metal & metal manufactured products market growth, share, trends and size forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the metal & metal manufactured products market?

What is metal & metal manufactured products?

Metal is a naturally occurring inorganic substance that is commonly found either in its elemental form or as ores within the Earth's crust. It encompasses a wide range of elements such as silver, copper, platinum, iron, gold, cobalt, zinc, sodium, potassium, and calcium. On the other hand, metal-manufactured products are created through various processes including forging, stamping, welding, bending, machining, notching, and shearing, which involve cutting and shaping metals. These products have diverse applications and are utilized in various industries such as cutlery, windows, doors, pipes, structural materials, tools, bolts, cans, electronic appliances, vehicle parts, and surgical equipment. Metals offer ecological advantages, possess exceptional strength and durability, exhibit lustrous and opaque properties, are cost-effective, and demonstrate excellent electrical and thermal conductivity. Moreover, they are easy to reuse, recycle, and process. Consequently, metal and metal-manufactured products are widely employed across multiple sectors including manufacturing, healthcare, electronics, automotive, power generation, aerospace, and defense.

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What are the growth prospects and trends in the metal & metal manufactured products industry?

The metal and metal-manufactured products market is primarily propelled by their increasing utilization in the automotive industry. These products offer rigidity, strength, and the ability to be molded into complex designs, thus improving vehicle safety, reducing maintenance costs, and enhancing performance. They are extensively employed in engine parts, transmission components, frames, reflectors, axles, suspension systems, body panels, wheels, and doors. Furthermore, the growing adoption of lightweight metals in vehicle production to enhance structural efficiency, reduce emissions, and improve overall economies is contributing to market expansion. Additionally, the emergence of three-dimensional (3D) printing technology allows for design freedom, cost-effective production, improved efficiency, and enhanced performance and strength, thereby driving market growth. Moreover, there is a rising demand for metal products in the aerospace and defense sector for the manufacturing of satellites, helicopters, tanks, space shuttles, rockets, drones, and aircraft, further bolstering market growth. The construction and healthcare industries are also experiencing significant expansion, leading to increased demand for metal products, while substantial investments in infrastructure development activities further propel market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Product Type Insights:

• Wires and Cables
• Jewelry and Ornaments
• Bars and Rebars
• Sheets
• Rolls
• Pipe Fixtures and Fittings
• Pipes
• Molded Components
• Batteries
• Paints and Coatings
• Others

Metal Type Insights:

• Lithium
• Magnesium
• Aluminum
• Chromium
• Manganese
• Iron
• Cobalt
• Copper
• Zinc
• Molybdenum
• Silver
• Others

End Use Industry Insights:

• Automotive and Transportation
• Aerospace and Defense
• Marine
• Consumer Goods
• Electrical and Electronics
• Manufacturing
• Energy and Power
• Construction
• Packaging
• Pharmaceuticals
• Others

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• All Metal Sales Inc.
• Anglo American plc
• Asarco LLC (Americas Mining Corporation)
• Broder Metals Group Ltd.
• CMOC Group Limited
• Hochschild Mining plc
• Indium Corporation
• Interstate Metal Inc.
• Newmont Corporation
• Proterial Ltd.
• Rio Tinto Group (Rio Tinto International Holdings Limited)
• Sierra Metals Inc.
• Talco Aluminium Company, etc.

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