Metal Products Market To Grow At A Higher Rate

The Business Research Company’s global metal products market, covers the year-on-year growth of the global metal products historic and forecast growth. It also includes chapters on the trends, geographical analysis, and competitive landscape.

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The global metal products market is forecast to grow at a CAGR (compound annual growth rate) of around 7 % to 2022.

Metal Products Market Trends:

Using robotics and automation to improve plant efficiency and productivity are the major trends witnessed in the global metal products market. With an increase in investments in infrastructure and smart city projects, recovery in developed economies and accelerating growth in emerging and developing market, the scope and potential for the global metal products market is expected to significantly rise in the forecast period.

Cement and concrete product manufacturing was the largest segment in the mineral products market accounting for 30 % of the market. This includes manufacturing natural, masonry, pozzolanic, and other hydraulic cements, ready-mix concrete, concrete blocks and bricks, concrete pipe manufacturing, and other concrete products.

The global metal products is primarily driven by increase in investments in infrastructure and smart city projects, thereby boosting the demand for limestone and cement coupled with rise in demand for refractory products used in downstream manufacturing and energy production industries.

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The global metal products market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

Due to fall in the commodity prices of metals, high operational costs and stringent regulations associated with ferroalloys manufacturing the global metal products is expected to increase in potential and scope. TBRC’s report also covers the global metal products market report drivers and restraints in the market.

The global metal products market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global metal products report are Gibraltar Industries, Mueller Industries, The Timken Company, Jiangsu Guotai International, and Toyo Seikan.

The metal products manufacturing market consists of sales of metal products by entities (organizations, sole traders and partnerships) engaged in screw, nut, bolt, spring, wire, boiler, tank, shipping, architectural, structural metal, cutlery and hand tool manufacturing. This industry also includes forging, stamping, coating, engraving, heat treating and allied activities.

The global metal products market is further segmented based on type and geography.

By Type - The metal products market is segmented into forging and stamping, cutlery and hand tool manufacturing, architectural and structural metals manufacturing, boiler, tank, and shipping container manufacturing, hardware manufacturing, spring and wire product manufacturing, machine shops, turned product, and screw, nut, and bolt manufacturing, coating, engraving, heat treating, and allied activities, metal valve manufacturing, other fabricated metal product manufacturing iron and steel forging, nonferrous forging, custom roll forming, powder metallurgy part manufacturing, metal crown, closure, and other metal stamping, metal kitchen cookware, utensil, cutlery, and flatware, saw blade and hand tool, plate work and fabricated structural products, ornamental and architectural metal products, power boiler and heat exchanger, metal tank (heavy gauge), metal can, box, and other metal container (light gauge), furniture hardware, motor vehicle hardware, builder's hardware, others, spring manufacturing, other fabricated wire product manufacturing, machine shops, turned product and screw, nut, and bolt, metal heat treating, metal coating, engraving and allied services to manufacturers, electroplating, plating, polishing, anodizing, and colouring, industrial valve manufacturing, fluid power valve and hose fitting manufacturing, plumbing fixture fitting and trim manufacturing, other metal valve and pipe fitting manufacturing, ball and roller bearing manufacturing, fabricated pipe and pipe fitting manufacturing, all other miscellaneous fabricated metal product manufacturing.

By Geography - The global metal products is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific metal products market accounts the largest share in the global Metal products market.

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