Urbanization Boom Fuels Demand For Processed Non-Ferrous Metal Market: Pivotal Factor Influencing Processed Nonferrous Metal Market Growth in 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Processed Nonferrous Metal Market Through 2025?
In recent years, there has been significant growth in the market size for processed nonferrous metals. The market, currently valued at $1604.74 billion in 2024, is projected to increase to $1692.01 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.4%. The substantial growth witnessed in the past is a direct result of the demand from the automotive industry, electronics and electrical appliances sector, aerospace and aviation industry, construction and infrastructure projects, and renewable energy applications.

What's the Projected Size of the Global Processed Nonferrous Metal Market by 2029?
The market size of processed nonferrous metals is anticipated to experience consistent expansion in the forthcoming years, and is predicted to reach $1961.02 billion in 2029, with a compound annual growth rate (CAGR) of 3.8%. The anticipated growth during this forecasted period can be credited to factors like energy storage solutions, the development of urban areas and smart cities, environmentally friendly manufacturing practices, the resilience of the supply chain, and progression in material science. Noteworthy trends during this period comprise the emergence of 5G technology, technological progression in metal processing, the evolution of lightweight alloys, the expanded application in electronics, and initiatives towards recycling.

View the full report here:
https://www.thebusinessresearchcompany.com/report/processed-nonferrous-metal-global-market-report

Top Growth Drivers in the Processed Nonferrous Metal Industry: What's Accelerating the Market?
The forecasted surge in demand for processed nonferrous metal market is predicated on the quick expansion of urban populations. As cities teem with more people, the ensuing requirement for new edifices, infrastructure, and conveyance systems grows. These sectors heavily rely on processed nonferrous metals for crucial roles in wiring, plumbing, roofing, and structural elements. For example, the World Economic Forum, a Switzerland-based independent international entity, reported in April 2022 that over 4.3 billion individuals, making up 55% of the global populace, resided in urban areas, a figure projected to swell to 80% by 2050. Hence, the burgeoning urban population is directly linked to the heightened demand for the processed nonferrous metal market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3532&type=smp

What Trends Will Shape the Processed Nonferrous Metal Market Through 2029 and Beyond?
The use of additive manufacturing (AM) in the production of various metal products is rapidly expanding. The evolution of additive manufacturing from a tool for product development to a tool for mass production has occurred swiftly. The boost in investment in metal additive manufacturing (AM) technologies is catalysing process enhancements and slashing production costs in associated manufacturing sectors. For instance, in a report released in March 2023 by Nanjixiong, a Chinese additive manufacturing (AM) platform, it was revealed that $930 million was invested by venture capital funds in Chinese additive manufacturing (AM) startups in 2022. Of this, $370 million, equating to 40% of the total investments, was allocated to metal additive manufacturing (AM) enterprises.

What Are the Main Segments in the Processed Nonferrous Metal Market?
The processed nonferrous metal market covered in this report is segmented -

1) By Type: 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)
2) By Process Type: Smelting and Refining, Rolling, Drawing, Extruding, Alloying, Other Process Types
3) By End User Industry: Automotive, Electronic Power, Construction, Other End User Industries

Subsegments:
1) By Smelted And Refined Nonferrous Metal (except Aluminum): Copper, Zinc, Lead, Nickel, Tin
2) By Rolled, Extruded, And Alloyed Copper: Copper Rods, Copper Sheets, Copper Foils, Copper Tubes
3) By Rolled And Extruded Nonferrous Metal (except Copper and Aluminum): Zinc Sheets, Lead Sheets, Nickel Alloys, Tin Products
4) By Secondary Smelted, Refined, And Alloyed Nonferrous Metal (except Copper and Aluminum): Recycled Lead, Recycled Zinc, Recycled Nickel

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3532&type=smp

Which Top Companies are Driving Growth in the Processed Nonferrous Metal Market?
Major companies operating in the processed nonferrous metal market include Alcoa Corporation, Rio Tinto Group, Norsk Hydro ASA, Vedanta Resources Limited, Hindalco Industries Limited, South32 Limited, China Hongqiao Group Limited, United Company RUSAL, Glencore International AG, Aluminum Corporation of China Limited, First Quantum Minerals Ltd., Freeport-McMoRan Inc., BHP Group Limited, Teck Resources Limited, Lundin Mining Corporation, Boliden AB, Sumitomo Metal Mining Co., Ltd., Vale S.A., Anglo American plc, Aurubis AG, Korea Zinc Co., Ltd., Mitsui Mining & Smelting Co., Ltd., Hindustan Zinc Limited, Southern Copper Corporation, MMG Limited, Kaz Minerals, Antofagasta plc, Imperial Metals Corporation, Trafigura Group Pte Ltd.

Which Regions Will Dominate the Processed Nonferrous Metal Market Through 2029?
Asia-Pacific was the largest region in the processed nonferrous metal market in 2024. Western Europe was the second-largest region in the processed nonferrous metal market. The regions covered in the processed nonferrous metal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3532

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email: info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.