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Non-Ferrous Metals Market Rapidly Growing in Metals, Competitor Analysis, Complete Study of Current Trends and Forecast 2017-2026

06-15-2018 03:28 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Prognosis

Industry Highlights

According to Stratistics MRC, the Global Non Ferrous Metals Market is expected to grow at a CAGR of 8.0% during the forecast period. The market is expected to grow at a significant pace owing to high demand for castings from industrial machinery, automobile, constructional and electrical segments. In addition, increasing demand for non ferrous metals from emerging reasons is one of the key factors contributing to the market growth. However, the high price volatility of non-ferrous metals could pose a challenge to the growth of this market.

Nonferrous metals are used for structural building that requires less weight, nonmagnetic properties, more strength, resistance to corrosion. They are also specified for electrical and electronic applications. Major nonferrous metals include copper, aluminum, lead, and zinc. Non-ferrous are metals other than iron and alloys that contain little to no iron. Other non-ferrous metals include brass, titanium, beryllium, nickel and zinc.

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Market Overview

Amongst product, copper segment is accounted for significant shares in the global market. The increase in building and construction expenditure will increase the demand for copper tubes, wires and other copper products for applications such as electrical, building wire, and plumbing. Copper's chemical and physical properties make it an obvious choice in high-end technological applications. The Asia-Pacific held the largest market share as there is an increase in the production at existing plants and new expanded capacities at electrolytic plants.

Market Top Player’s

Some of the key players in Non Ferrous metals market include Aluminum Corp. of China Ltd., Vale S.A., Rio Tinto plc, Anglo American plc, BHP Billiton plc, MMC Norilsk Nickel JSC, Glencore Xstrata plc, Sumitomo Metal Mining Co Ltd, United Co. RUSAL plc, Jiangaxi Jutong Co. Ltd., Alcoa Inc., Hindalco-Novelis and United Company RUSAL Plc.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Market Segments

Products covered:
• Copper
• Aluminium
• Lead
• Zinc
• Nickel
• Other products

Regions covered:
• North America
• US
• Canada
• Mexico
• Europe
• Germany

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About Us
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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