IMARC Group, a leading market research company, has recently released a report titled “Non-Ferrous Metals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”. offers a comprehensive analysis of the industry, which comprises insights on the global non-ferrous metals market trends. The global market size reached US$ 1,079 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,459 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
Non-ferrous metals are metallic substances that do not contain iron (Fe) as their principal component. They encompass a wide range of elements, including copper, zinc, lead, aluminum, tin, nickel, titanium, chromium, magnesium, silver, platinum, and gold. These metals find extensive applications in various industries, such as electronics, automotive, aerospace, jewelry, home appliances, defense, medical instruments, batteries, packaging, and industrial machinery. Non-ferrous metals offer several advantageous properties, including high corrosion resistance, lower melting point, excellent thermal and electrical conductivities, ductility, and malleability. They are also non-magnetic, cost-effective, lightweight, readily available, and easy to recycle, contributing to reduced energy consumption and minimized environmental impact.
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The automotive industry plays a significant role in driving the market growth for non-ferrous metals. These metals are utilized in a wide range of automotive parts, such as body panels, engine components, wheels, wiring, and exhaust systems. Additionally, their application extends to electric vehicles (EVs) for battery packs, charging components, and electric motors. The construction sector also contributes to market growth through the use of non-ferrous metals in windows, doors, roofing, and structural materials. Advanced surface coatings and treatments enhance the appeal and performance of non-ferrous metal products. Sustainable production and recycling techniques further support market growth. In the electrical and electronics industry, these metals are used to manufacture various components, including wires, connectors, transformers, and printed circuit boards (PCBs). The combination of rapid industrialization, advancements in extraction techniques, and infrastructural development activities adds to the positive outlook for the market.
Report Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Aluminum
- Copper
- Lead
- Tin
- Nickel
- Titanium
- Zinc
- Others
Application Insights:
- Automobile Industry
- Electronic Power Industry
- Construction Industry
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Aditya Birla Group,
- Alcoa Corporation,
- Aluminum Corporation of China Limited,
- Anglo American plc,
- BHP,
- RUSAL (En+ Group MKPAO),
- Glencore Plc,
- Norilsk Nickel,
- Rio Tinto Group,
- Sumitomo Metal Mining Co. Ltd.,
- Vale S.A
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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