Metal And Mineral Market Value is Expected to Reach $7736.7 Billion by 2023 : Covid 19 Impact And Recovery

The Business Research Company offers "Metal And Mineral Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global metal and mineral market is expected to decline from $7058 billion in 2019 to $6171.9 billion in 2020 at a compound annual growth rate (CAGR) of -12.6%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $7736.7 billion in 2023.

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The metal and mineral market consists of sales of metals and minerals by entities (organizations, sole traders and partnerships) that refine and/or smelt ferrous and nonferrous metals from ore, pig or scrap, using electrometallurgical techniques.

Metal manufacturing companies are increasing R&D expenditure to launch new product lines. They are launching advanced products such as ultra-light alloys as opposed to commodities. For instance, according to a report by KPMG in 2015, 32% of the metal manufacturing companies spend more than 6% of revenues on R&D and 70% of the companies are expected to invest on existing product lines. Thus, introduction of new product lines through increased R&D spend is a significant trend in the metal manufacturing industry.

Metal And Mineral Market Segmentation: -
By Type
Mineral Products
Metal Manufacturing
Metal Products

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Metal And Mineral Market Characteristics
4. Metal And Mineral Market Product Analysis
5. Metal And Mineral Market Supply Chain
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20. Metal And Mineral Market Competitive Landscape
21. Key Mergers And Acquisitions In The Metal And Mineral Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the Metal And Mineral Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Metal And Mineral Market are Arcelor Mittal, POSCO, Nippon Steel & Sumitomo Metal, LafargeHolcim, JFE

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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