Metal Market Growth Trends, Statistics, Opportunities To 2033

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.

The Metal Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Metal Global Market Report 2024, The metal market size has grown strongly in recent years. It will grow from $4146.16 billion in 2023 to $4380.4 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The  growth in the historic period can be attributed to construction and infrastructure development, manufacturing and industrialization, automotive industry, war and defense needs, mining and exploration activities. The metal market size is expected to see steady growth in the next few years. It will grow to $5267.42 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%.

The expanding construction industry is expected to drive the growth of the metal market in the future. The construction industry encompasses various activities involved in planning, designing, constructing, renovating, and maintaining physical structures and infrastructure. Metals like steel, aluminum, and copper play pivotal roles in construction projects, providing strength, durability, and structural integrity to buildings, bridges, and other infrastructure. For example, data from the Office for National Statistics in February 2022 showed a 12.7% increase in the annual construction sector in 2021 compared to the previous year. Monthly construction output also saw a 2.0% rise in December 2021, primarily fueled by an increase in new construction work (3.5%). Furthermore, the quarterly production in Q4 2021 rose by 1.0% compared to Q3, driven by growth in both new construction (1.1%) and repair and maintenance (0.8%). These trends underscore the significant impact of the growing construction industry on driving demand for metals in various construction projects.

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The metal market covered in this report is segmented –
1) By Type: Iron and Steel Mills and Ferroalloy, Processed Nonferrous Metal, Processed Alumina and Aluminum, Foundries, Steel Products
2) By Metal Type: Aluminum, Beryllium, Bismuth, Cadmium, Cerium, Chromium, Cobalt, Other Metal Types
3) By End User: Construction, Manufacturing, Other End Users

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

Top Major Players

Glencore International PLC,

ArcelorMittal S.A.,

Jiangxi Copper Company Limited,

POSCO,

BHP Group

The metal market report table of contents includes:
              1. Executive Summary

2. Metal Market Characteristics
3. Metal Product/Service Analysis -Product/Service Examples
4. Metal Market Trends And Strategies
5. Metal Market – Macro Economic Scenario
6. Global Metal Market Size and Growth
7. Metal Market Segmentation

…………….

70. Key Mergers And Acquisitions In The Metal Market
71. Metal Market Future Outlook and Potential Analysis
72. Appendix

    List Of Tables :

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Metal Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Metal Market, Segmentation By Metal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Metal Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

……………..

Table 144: Glencore International plc Financial Performance

Table 145: ArcelorMittal S.A. Financial Performance

Table 146: Jiangxi Copper Company Limited Financial Performance

Table 147: POSCO Financial Performance

Table 148: BHP Group Financial Performance

 

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