Non-Ferrous Metals Market - By Type (Copper, Aluminium, Lead, Zinc, Nickel and other products), By Applications (Automobile Industry, Electronic Power Industry, Construction Industry) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Non-Ferrous Metals Market was valued at USD XXX in 2020 and is anticipated to foresee a growth of XXX from 2020-2030. Non-ferrous metals have several applications. Copper and aluminum are used for their conduction properties in heat and electricity. The key components of smart phones are also non-ferrous metals. Copper, aluminum, zinc and arsenic, are some non-ferrous metals. Non-ferrous metals other than iron and alloys contains little or no iron. The copper, titanium, beryllium, nickel and zinc are other non-ferrous metals. Many metals such as gold and silver were used for thousands of years for decorative purposes. Non-ferrous metals are inherently resistant to corrosion and magnetism, making them ideal choices for a wide range of industries and being used in different applications. Nonferrous metals are also used to construct the structure which requires less weight, less strength, magnetic properties and resistance to corrosion. In electrical and computer devices, they are often used. The main nonferrous metals are nickel, copper, arsenic, and zinc. Besides iron and alloys, the metals which contain little to no iron are non-ferrous. Certain nonferrous metals include titanium, copper, beryllium, nickel, and zinc.

Market Dynamics and Factors:

Due to the high demand for castings from automobiles, industrial machinery, electronic and building segments, the non-ferrous metal  market is expected to grow at a significant rate. Increase in demand for non-ferrous metals from up-and-coming sources is additionally one of the key factors contributing to market growth. Due to high price volatility of non-ferrous metals, it may pose a challenge for growth of this market. Copper segment holds an important global market share as compared to other metals in the group. Increase in construction and maintenance costs would generate high demand for copper tubes, wires, and other items for applications, such as electrical, building cable, and plumbing applications. The chemical and physical properties of copper make this metal a better alternative for high-end technical applications.

Market Segmentation:

Based on the type of Non- ferrous metals, the market is segmented copper, aluminium, lead, zinc, nickel and other products. By applications, non- ferrous metals markets can be classified as automobile industry, electronic power industry, construction industry. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

The APAC region is elevating the non-ferrous metals market globally, in terms of geography, and is forecast to hit 107 million tons by 2020. Growth in this area is due to increasing non-ferrous metal consumption in India, Japan and China. Increasing demand from the automotive and construction sectors and rapid technological developments will drive the growth prospects of this market segment in the coming years.

Competitive Scenario:

The non-ferrous metals market consists of a few major players. The key players of Non-Ferrous Metals Market are Alcoa Inc., Hindalco-Novelis, Rio Tinto plc, Vale S.A., Aluminum Corp. of China Ltd.,  BHP Billiton plc, Anglo American plc, , Glencore Xstrata plc, MMC Norilsk Nickel JSC, United Co. RUSAL plc, Sumitomo Metal Mining Co Ltd, Jiangaxi Jutong Co. Ltd. and United Company RUSAL Plc.

Non-Ferrous Metals Market Report Scope