Emerging Trends in Metal & Metal Manufactured Products Market
Metal and Metal Manufactured Products Market was valued at $710,531 million in 2016, and is projected to reach at $866,605 million by 2023, growing at a CAGR of 2.8% from 2017 to 2023.
Metal and Metal Manufactured Products Market was valued at $710,531 million in 2016, and is projected to reach at $866,605 million by 2023, growing at a CAGR of 2.8% from 2017 to 2023.
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Opportunity Analysis and Industry Forecast, 2016-2023
Introductionof<br />
<strong>Metal</strong> & <strong>Metal</strong> <strong>Manufactured</strong> <strong>Products</strong> <strong>Market</strong><br />
The global metal & metal manufactured products market was valued at $710,531<br />
million <strong>in</strong> 2016, and is projected to reach $866,605 million by 2023, grow<strong>in</strong>g at a CAGR<br />
of 2.8% from 2017 to 2023. The iron metal segment occupied a significant share of the<br />
global market <strong>in</strong> 2016.<br />
Increase <strong>in</strong> demand from various end-use sectors, such as & aviation, healthcare,<br />
electrical & electronics, energy & power, <strong>in</strong>frastructure, personal care, and others<br />
drives the growth of the market. Apart from that, technological advancement and rise<br />
<strong>in</strong> demand for metals <strong>in</strong> automotive <strong>in</strong>dustry are some other factors that support the<br />
expansion of the market. However, fluctuation <strong>in</strong> raw material prices and replacement<br />
by substitutes are expected to limit the market growth. Flourish<strong>in</strong>g metal market <strong>in</strong><br />
develop<strong>in</strong>g economies and surge <strong>in</strong> usage of recycled metal & products is anticipated<br />
to provide numerous opportunities to the market.
Introductionof<br />
<strong>Metal</strong> & <strong>Metal</strong> <strong>Manufactured</strong> <strong>Products</strong> <strong>Market</strong><br />
Scope of the Report<br />
Key Benefits<br />
Key Audiences
Key Benefits<br />
• Asia-Pacific was the dom<strong>in</strong>ant region occupy<strong>in</strong>g nearly 50% share of the market <strong>in</strong><br />
2016 <strong>in</strong> terms of value.<br />
• Pipe fixtures & fitt<strong>in</strong>gs is the fastest grow<strong>in</strong>g product segment with 3.3% CAGR <strong>in</strong><br />
value terms dur<strong>in</strong>g analysis period.<br />
• LAMEA is one of the fastest grow<strong>in</strong>g region of the global market with CAGR of 2.9%<br />
<strong>in</strong> value terms <strong>in</strong> the forecast period.<br />
• Alum<strong>in</strong>um metal was one of the major segment of the market <strong>in</strong> 2016 and is<br />
anticipated to grow at the significant CAGR of 4.5% <strong>in</strong> value terms dur<strong>in</strong>g the<br />
analysis period.<br />
• Jewelry & ornament is second fastest grow<strong>in</strong>g segment with a significant CAGR of<br />
3.1% dur<strong>in</strong>g the analysis period.
Table of Content (TOC)<br />
Chapter: 1 Introduction<br />
Chapter: 2 Executive Summary<br />
Chapter: 3 <strong>Market</strong> Overview<br />
Chapter: 4 <strong>Metal</strong> & <strong>Metal</strong> <strong>Manufactured</strong> Product <strong>Market</strong>, By <strong>Metal</strong> Type<br />
Chapter: 5 <strong>Metal</strong> & <strong>Metal</strong> <strong>Manufactured</strong> <strong>Products</strong> <strong>Market</strong>, By Product<br />
Chapter: 6 <strong>Metal</strong> & <strong>Metal</strong> <strong>Manufactured</strong> <strong>Products</strong> <strong>Market</strong>, By Geography
Segments<br />
<strong>Metal</strong> & <strong>Metal</strong> <strong>Manufactured</strong> <strong>Products</strong> <strong>Market</strong>
Segments<br />
<strong>Metal</strong> & <strong>Metal</strong> <strong>Manufactured</strong> <strong>Products</strong> <strong>Market</strong>
Segments<br />
<strong>Metal</strong> & <strong>Metal</strong> <strong>Manufactured</strong> <strong>Products</strong> <strong>Market</strong><br />
“<strong>Metal</strong> & related products are be<strong>in</strong>g largely employed <strong>in</strong><br />
various sectors such as agriculture, electrical & electronics,<br />
<strong>in</strong>frastructure, automobile, chemical & power plants,<br />
packag<strong>in</strong>g, and others. Moreover, metals & m<strong>in</strong><strong>in</strong>g<br />
organizations are more concentrated on expand<strong>in</strong>g their<br />
already exist<strong>in</strong>g markets as well as product l<strong>in</strong>es and<br />
enter<strong>in</strong>g untapped regions. ”<br />
Yashwant Sahu<br />
Team Lead, Chemicals &<br />
Materials at AMR
Segments<br />
<strong>Metal</strong> & <strong>Metal</strong> <strong>Manufactured</strong> <strong>Products</strong> <strong>Market</strong><br />
<strong>Metal</strong> & related products applications are <strong>in</strong>creas<strong>in</strong>g cont<strong>in</strong>uously across various<br />
end-user <strong>in</strong>dustries due to their superior weight to strength ratio, rigidity, rise <strong>in</strong><br />
price competence, high conductivity, formability, heat resistance, and corrosion<br />
resistance. At present, these are employed <strong>in</strong> various sectors such as electrical &<br />
electronics, eng<strong>in</strong>eer<strong>in</strong>g, <strong>in</strong>frastructure, automobile & automobile components,<br />
build<strong>in</strong>g & construction, chemical & power plants, packag<strong>in</strong>g, and others. This is<br />
attributed to high growth rates associated with the abovementioned <strong>in</strong>dustries;<br />
ongo<strong>in</strong>g R&D on m<strong>in</strong><strong>in</strong>g & process<strong>in</strong>g methods of metal or related products; and<br />
rise <strong>in</strong> the new applications majorly <strong>in</strong> medical, energy & power, automotive, and<br />
aerospace arenas.<br />
Upsurge <strong>in</strong> disposable <strong>in</strong>come of the middle class population and rapid<br />
urbanization are anticipated to require substantial <strong>in</strong>vestments <strong>in</strong> transport and<br />
<strong>in</strong>frastructure development, which will <strong>in</strong> return will boost the demand for metal &<br />
metal manufactured products <strong>in</strong> different develop<strong>in</strong>g countries. In addition,<br />
str<strong>in</strong>gent vehicle emission norms and <strong>in</strong>crease <strong>in</strong> use of alum<strong>in</strong>um as a lightweight<br />
& cheaper substitute <strong>in</strong> power transmission & distribution supplement the market<br />
growth.
Thank You<br />
<strong>Metal</strong> & <strong>Metal</strong> <strong>Manufactured</strong> <strong>Products</strong> <strong>Market</strong><br />
ThankYou!<br />
For More Details<br />
Do Enquiry<br />
https://www.alliedmarketresearch.com/metal-and-metal-manufactured-products-market<br />
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