Global Metal and Metal Manufactured Products Market Report and Forecast 2024-2032

Global Metal and Metal Manufactured Products Market Outlook

The global metal and metal manufactured products market attained a value of nearly USD 12.67 billion in 2023. The market is projected to grow at a CAGR of 5% between 2024 and 2032 to reach a value of around USD 19.65 billion by 2032.

Key Trends in the Market

Metal and metal manufactured products refer to metal components which are combined and shaped to create a useful final product. The manufacturing of these products involves forging, stamping, bending, forming, and machining, among others.

• Rapid expansion of end-use sectors, including construction, packaging, and automotive and transportation, among others, is generating the demand for metal and metal manufactured products to produce high-end structures, devices, and instruments.

• The increasing innovative product launches by leading market players aimed towards enabling manufacturers to improve smart manufacturing processes are the crucial metal and metal manufactured products market trends. In addition, the emergence of 3D printing technology is another key market trend as it is driving the demand for metals such as aluminium owing to its flexibility, excellent strength, and affordability.

• Companies such as 3DEO are launching innovative stainless-steel products with excellent temperature performance and non-magnetic properties. These types of products are likely to add to the market growth in the coming years.

Market Analysis

Based on product, the market is segmented into wires and cables, jewellery and ornaments, bars and rebar, sheets, rolls, pipe fixtures and fittings, pipes, moulded components, batteries, and paints and coatings, among others. On the basis of metal, the market is classified into lithium, magnesium, aluminium, chromium, manganese, iron, cobalt, copper, zinc, molybdenum, gold, bismuth, lead, and silver, among others.

By end use, the market is divided into automotive and transportation, aerospace and defence, marine, consumer goods, electrical and electronics, manufacturing, energy and power, construction, packaging, and pharmaceuticals, among others. The major regional markets for metal and metal manufactured products are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global metal and metal manufactured products market report, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• ALL METAL SALES, INC.

• Asarco (Grupo Mexico) 

• Hochschild Mining PLC

• Proterial, Ltd. 

• Rio Tinto 

• Broder Metals Group Ltd

• CMOC Group Limited

• Interstate Metal Inc.

• Newmont Corporation

• Anglo American plc

• Sierra Metals Inc.

• Talco Aluminium Company

• Others

Market Share by Metal

Iron accounts for a significant share of the metal and metal manufactured products market. This can be attributed to the fact that iron is one of the most versatile and widely used metals across the globe. Heightening applications of iron to manufacture steel, which is used to produce utensils, cookware, and hospital equipment, among others, is further fuelling the growth of the segment.

Over the forecast period, the anticipated increase in the growth of the construction sector, especially across emerging economies, is likely to propel the demand for iron to develop strong and durable structures.

Market Share by Region

The Asia Pacific holds a healthy share of the metal and metal manufactured products market. Well-established manufacturing sector across emerging and developed economies such as India, China, Japan, and South Korea, among others, is driving the demand for metal and metal manufactured products. Meanwhile, steady urbanisation and infrastructure development across under-developed economies are likely to boost the demand for iron and steel in the forecast period.

Competitive Landscape

ALL METAL SALES, INC. is a company which specialises in non-standard and custom-made items possessing diverse metal processing capabilities. The company was founded in 1999 and is headquartered in Ohio, the United States.

Asarco (Grupo Mexico) is a leading mining, smelting, and refining company, known for producing low-cost, high-quality metals, and related products. It was established in 1899 and is headquartered in Arizona, the United States.

Hochschild Mining PLC is a renowned silver and gold-mining company which engages in exploring, mining, processing, and selling precious metals. The company was founded in 1911 and is headquartered in London, United Kingdom.

Other market players include Proterial, Ltd., Rio Tinto, Broder Metals Group Ltd, CMOC Group Limited, Interstate Metal Inc., Newmont Corporation, Anglo American plc, Sierra Metals Inc., and Talco Aluminium Company, among others.

Key Highlights of the Report