DUBLIN, Aug. 18, 2022 /PRNewswire/ -- The "Metal And Mineral Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global metal and mineral market is expected to grow from $6,877.41 billion in 2021 to $7,507.82 billion in 2022 at a compound annual growth rate (CAGR) of 9.2%. The market is expected to grow to $10,274.68 billion in 2026 at a CAGR of 8.2%.
The metal and mineral market consists of sales of metals and minerals by entities (organizations, sole traders and partnerships) that refine and/or smelt ferrous and nonferrous metals from ore, pig or scrap, using electrometallurgical techniques.
The main types of metal and mining are mineral, metal, and metal products. Metal products refer to the finished products that are made out of metals. These are used for chemicals manufacturing, metallurgy, electrical grid infrastructure, electronics, glass products, vehicles, and other applications that are used By End Users such as construction, manufacturing, and Other End Users.
The Asia Pacific was the largest region in the metal and mineral market in 2021. Western Europe was the second-largest region in the metal and mineral market. The regions covered in the metal and mineral report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) are expected to drive innovation in metal and mineral manufacturing, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs and higher margins.
For instance, according to a report by Accenture, the manufacturing sector will witness the highest annual gross value added (GVA) growth rate of 4.4% due to artificial intelligence by 2035. The report also states that artificial intelligence has the potential to increase profitability by an average of 38% by 2035. Lower operating costs lead to higher margins, this allows companies to expand production and increase product portfolio, thus driving the metal and mineral manufacturing market going forward.
Many metal and mineral manufacturing companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reducing potential breakdowns.
For instance, according to a report by Boston Consulting Group (BCG), 1.2 million industrial robots are expected to be deployed by 2025, thus indicating a rise in automation and robotics technology adoption to improve productivity and reduce production costs. According to the KPMG report, 16% of executives of global metals companies have already invested in robotics for metal manufacturing, 31% of executives have set plans to possibly invest in robotics for new technology and opportunities, and 42% are willing to invest in robotics shortly.
Additionally, the report states, 63% of the executives of metal manufacturing companies are considering investing in automation. Examples of companies offering industrial robots to metals companies include FANUC, KUKA, ABB, and Motoman
Major companies in the metal and mineral market are
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Metal And Mineral Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Metal And Mineral Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Metal And Mineral Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Metal And Mineral Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Metal And Mineral Market Trends And Strategies
8. Impact Of COVID-19 On Metal And Mineral
9. Metal And Mineral Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth; Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth; Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Metal And Mineral Market Regional Analysis
10.1. Global Metal And Mineral Market; 2020; By Region; Value ($ Billion)
10.2. Global Metal And Mineral Market; 2016-2021; 2021-2026F; 2031F; Historic And Forecast; By Region
10.3. Global Metal And Mineral Market; Growth And Market Share Comparison; By Region
11. Metal And Mineral Market Segmentation
11.1. Global Metal And Mineral Market; Segmentation By Type; Historic and Forecast; 2016-2021; 2021-2026F; 2031F; $ Billion
11.2. Global Metal And Mineral Market; Segmentation By Application; Historic and Forecast; 2016-2021; 2021-2026F; 2031F; $ Billion
11.3. Global Metal And Mineral Market; Segmentation By End User; Historic and Forecast; 2016-2021; 2021-2026F; 2031F; $ Billion
12. Metal And Mineral Market Segments
12.1. Global Mineral Market; Segmentation By Type; 2016-2021; 2021-2026F; 2031F; Value ($ Billion) - Cement And Concrete Products; Glass And Glass Products; Other Non-Metallic Mineral Products; Clay Products And Refractories; Lime And Gypsum Products
12.2. Global Metal Market; Segmentation By Type; 2016-2021; 2021-2026F; 2031F; Value ($ Billion) - Iron And Steel Mills And Ferroalloy; Processed Nonferrous Metal; Processed Alumina And Aluminum; Foundries; Steel Products
12.3. Global Metal Products Market; Segmentation By Type; 2016-2021; 2021-2026F; 2031F; Value ($ Billion) - Forged And Stamped Goods; Cutlery And Hand Tools; Architectural And Structural Metals; Boiler; Tank; And Shipping Container; Hardware; Spring And Wire Products; Machine Shops; Turned Product And Screw; Nut; And Bolt; Coated; Engraved; And Heat Treated Metal Products; Metal Valves; Other Fabricated Metal Products ;
13. Metal And Mineral Market Metrics
13.1. Metal And Mineral Market Size; Percentage Of GDP; 2016-2025; Global
13.2. Per Capita Average Metal And Mineral Market Expenditure; 2016-2025; Global
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