Iron ore had the largest global market size of all metals in 2022, amounting to more than *** billion U.S. dollars. Gold came in second, with a global market value of nearly *** billion U.S. dollars. In comparison, the global market value of crude oil exceeded ****trillion U.S. dollars that year, far overshadowing the value of commodity metals.

The market value of base metals worldwide, including copper, silver, zinc, lead, nickel, aluminum, tin, and others, amounted to a total of over *** billion U.S. dollars in 2024. It is forecast that the global base metals market size will exceed ************ U.S. dollars in 2034.

The global market size of Metal is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Metal Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Metal industry. The key insights of the report:
1.The report provides key statistics on the market status of the Metal manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Metal industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Metal Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Metal as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Metal market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

Precious Metal Market size was valued at USD 282.5 Billion in 2024 and is projected to reach USD 436.51 Billion by 2031, growing at a CAGR of 5.59% from 2024 to 2031.

Global Precious Metal Market Drivers

Geopolitical Tensions and Supply Chain Disruptions: Geopolitical tensions, such as trade wars, political instability, or military conflicts, often lead to increased demand for precious metals. Investors view precious metals as a secure store of value when confidence in traditional financial systems wanes. In addition, the supply of precious metals is often impacted by geopolitical events, such as mining disruptions, labor strikes, or changes in mining regulations, particularly in key production countries like South Africa, Russia, and Latin America. Any disruption in supply can create upward pressure on prices.

Technological Advancements in Mining: Technological innovations in mining processes and exploration techniques have made it easier and more cost-effective to extract precious metals, increasing their supply in the market. Innovations such as automation, better extraction methods, and improved sustainability practices help mining companies to reduce production costs and enhance efficiency. This has made it possible to access previously uneconomical reserves, thus contributing to a more stable supply of precious metals.

The market volume of base metals worldwide, including copper, zinc, lead, nickel, aluminum, and tin, amounted to an estimated total of over 132 million metric tons as of 2024. It is forecast that the total global volume of the base metals market will reach nearly 159 million metric tons in 2029.

The global rare earth metals market size is predicted to reach USD 6.2 billion in 2024. It is anticipated to grow at a CAGR of 10.1% during the forecast period to reach a value of USD 16.1 billion by 2034. The market is projected to witnesses a Y-o-Y growth of 9.1% in 2024.

Semi-annual Market Update

Country-wise Insights

Category-wise Insights

The global rare earth metal market reduced modestly to $6.9B in 2024, falling by -3% against the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2024: its value increased at an average annual rate of +2.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -1.6% against 2021 indices.

Global Non Ferrous Metals market size will USD 787.00 Billion in 2024 and and is expected to reach USD 1,071.94 Billion by the end of 2031. Non Ferrous Metals Industry's Compound Annual Growth Rate was 4.51% from 2023 to 2030. Market Dynamics of Non Ferrous Metals Market

Key Drivers for Non Ferrous Metals Market

Increasing demand from the renewable energy and electric vehicle sectors: The market is driven by the crucial role that non-ferrous metals such lithium, copper, and aluminum play in solar panels, wind turbines, and electric vehicle batteries. Consumption is rising as a result of the worldwide drive toward decarbonization. The need is exacerbated by new developments in energy storage technology. Lightweight and corrosion-resistant properties: Non-ferrous metals are favored in aerospace, automotive, and construction industries due to their lightweight and corrosion-resistant qualities. Their weight and durability are beneficial. These features help extend the lifespan of products and lower fuel usage in transportation. Steel is being replaced more and more by titanium and aluminum alloys in high-performance applications. Urbanization and infrastructure development: Copper is widely used for wiring and aluminum for construction materials as a result of the rapid construction in emerging economies. Government investments in 5G networks and smart cities increase demand even more. This trend is most prevalent in Middle Eastern and Asia-Pacific markets.

Key Restraints for Non Ferrous Metals Market

Volatile raw material costs: Unpredictable pricing results from disruptions to supply chains caused by fluctuations in energy prices and geopolitical tensions. This volatility makes it harder for manufacturers and consumers to plan for the long term. These issues are made worse by tariffs and trade barriers. High energy use in manufacturing: The smelting and refining of non-ferrous metals such aluminum needs a lot of electricity, which increases costs and raises environmental problems. The carbon footprint of these operations is subject to greater regulatory oversight. It is still expensive to switch to sustainable energy sources. Restrictions on recycling specific metals: Although there are well-established recycling systems for copper and aluminum, there are still technical difficulties in recovering other metals, such as lithium. The economic viability of recycling is hampered by contamination and poor yields. This results in a reliance on main extraction methods.

Key Trends for Non Ferrous Metals Market

Circular economy and sustainable mining initiatives: To achieve ESG targets, businesses are using low-impact extraction methods and encouraging metal recycling. Closing loop systems are being strengthened by alliances with recyclers and politicians. A growing number of consumers and investors are placing a high value on environmentally friendly sourcing. Improvements in alloy technology: Research into high-performance alloys (such as aluminum-scandium and copper-graphene) increases conductivity and strength for particular applications. These breakthroughs serve the defense, aerospace, and electronics industries. Additionally, additive manufacturing is fueling demand for premium metal powders. Changes in the geopolitical environment of supply chains: Nations are diversifying their sources and increasing domestic production in order to lessen their dependency on major producers (for example, China for rare earths). Strategic stockpiling and trade agreements seek to lessen supply risks. This trend is changing the dynamics of international trade in the metals market. What is Non Ferrous Metals?

Non-ferrous metals are metals that do not contain iron as the main component. Unlike ferrous metals (such as steel and cast iron), which are primarily composed of iron, non-ferrous metals have different properties and uses. These metals are generally more resistant to rust and corrosion, making them suitable for various applications. Non-ferrous metals are essential for various industries and applications, ranging from everyday consumer goods to advanced technological and industrial processes. Their unique properties and versatility make them indispensable in modern society.

Non-ferrous metal includes copper, aluminium, zinc, Lead, titanium, nickel, bronze, and others. The non-ferrous metal has ...

The Steel Sections Market report segments the industry into By Product Type (Heavy Structural Steel, Light Structural Steel, Rebar), By End-User Industry (Residential, Manufacturing, Aerospace And Automotive, Power And Utilities, Construction, Oil And Gas, Other End-User Industries), and By Geography (Asia-Pacific, North America, Europe, Latin America, Middle East And Africa).

Fabricated Structural Metal Market Outlook

The global market size for fabricated structural metal was valued at USD 158.7 billion in 2023 and is projected to reach USD 232.1 billion by 2032, growing at a robust CAGR of 4.2% during the forecast period. The growth of this market is driven by the accelerating pace of urbanization, increased investment in infrastructure development, and rising demand from the construction and industrial sectors. Rapid population growth and subsequent urban sprawl have created a sustained need for robust and versatile construction materials, thereby boosting the demand for fabricated structural metals.

One of the primary growth factors for the fabricated structural metal market is the surge in infrastructural projects worldwide. Governments in various regions are investing heavily in modernizing and expanding their infrastructure, which includes bridges, roads, railways, and airports. For instance, initiatives like China's Belt and Road Initiative and the U.S. Infrastructure Investment and Jobs Act are expected to significantly drive the demand for fabricated structural metals over the coming years. Additionally, increased public-private partnerships (PPPs) in infrastructure projects are further propelling market growth.

Another significant factor contributing to the market's expansion is the rising trend of sustainable construction practices. Fabricated structural metals, known for their recyclability and durability, are increasingly being preferred in green building initiatives. The shift towards environmentally sustainable construction is not only driven by regulatory requirements but also by a growing consumer preference for eco-friendly building materials. This trend is expected to continue to boost the market for fabricated structural metals well into the future.

The industrial sector's growth is also a key driver for the fabricated structural metal market. The ongoing industrialization in emerging economies is leading to the construction of new manufacturing facilities, warehouses, and industrial parks. These facilities often require large amounts of structural metal for their frameworks. Additionally, advancements in manufacturing technologies, such as automation and digital fabrication, are making the production of fabricated structural metals more efficient, cost-effective, and versatile, further fueling market growth.

The market for Metal & Metal Manufactured Products is witnessing significant growth due to the increasing demand for durable and high-performance materials in various sectors. These products are essential in construction, automotive, aerospace, and other industries where strength and resilience are paramount. The versatility of metal products, combined with advancements in manufacturing technologies, has led to the development of innovative solutions that meet the evolving needs of modern infrastructure. As industries continue to prioritize sustainability, the recyclability of metal products further enhances their appeal, making them a preferred choice for eco-conscious projects.

Regionally, the Asia Pacific region holds a significant share of the fabricated structural metal market, driven by rapid urbanization and industrialization in countries like China and India. North America and Europe are also mature markets with steady growth, supported by ongoing infrastructure renovation and new construction projects. The Middle East & Africa and Latin America regions are experiencing moderate growth but are expected to show considerable potential due to increasing investments in infrastructure and industrial development.

Product Type Analysis

The product type segment of the fabricated structural metal market includes beams, columns, girders, trusses, and others. Beams are a critical component in construction, providing structural support in buildings, bridges, and other infrastructures. The demand for beams is primarily driven by the construction and infrastructure sectors. The versatility and strength of beams make them indispensable in various construction applications, ranging from residential buildings to large commercial complexes. The ongoing urbanization and industrialization trends are likely to sustain the demand for beams over the forecast period.

Mechanical Construction Steel pl

Amorphous Metal Market Outlook

The global amorphous metal market size was valued at USD 932 million in 2023 and is projected to reach USD 2,120 million by 2032, growing at a CAGR of 9.5% during the forecast period. The key growth factors driving this market include advancements in technology, increasing demand for energy-efficient materials, and broader applications across various end-user industries. The rising focus on sustainability and efficiency in numerous sectors is further fueling the demand for amorphous metals globally.

One significant growth factor for the amorphous metal market is the increasing application in the energy sector. Amorphous metals are known for their high magnetic permeability and low-energy loss properties, making them excellent materials for transformers and other energy-efficient devices. These properties significantly reduce energy consumption, which is crucial in a world where energy efficiency and sustainability are becoming paramount. Moreover, governments and private organizations are increasingly investing in renewable energy projects, thus amplifying the demand for amorphous metals.

Another critical factor contributing to market growth is the rising demand within the automotive industry. The automotive sector is undergoing a massive transformation with the shift towards electric vehicles (EVs) and hybrid electric vehicles (HEVs). Amorphous metals, due to their lightweight and high-strength properties, are increasingly being used in the production of automotive components. This not only enhances the performance of vehicles but also contributes to fuel efficiency, which is a significant concern for both manufacturers and consumers.

Technological advancements and innovations in manufacturing processes are also playing a crucial role in driving the amorphous metal market. Continuous research and development activities are leading to the creation of high-performance amorphous metal alloys with improved properties. These advancements are expanding the scope of applications for amorphous metals in areas such as medical devices, electronics, and other specialized fields. The development of new production methods that reduce costs and increase efficiency is further expected to boost market growth during the forecast period.

From a regional perspective, Asia Pacific is expected to dominate the amorphous metal market during the forecast period. The region's dominance can be attributed to rapid industrialization, growing investments in renewable energy projects, and the presence of major automotive and electronics manufacturers. Countries like China, Japan, and India are at the forefront, driving the demand for amorphous metals. Additionally, favorable government policies and initiatives aimed at promoting energy efficiency and reducing carbon footprint are further contributing to the market's growth in this region.

Product Type Analysis

In the amorphous metal market, product types are categorized into iron-based, cobalt-based, and others. Iron-based amorphous metals hold a significant share of the market due to their extensive use in energy-efficient transformers and inductors. These metals are preferred for their superior magnetic properties and reduced energy losses, which make them an ideal choice for applications requiring high efficiency. The increasing demand for efficient power distribution systems in both developed and developing countries is driving the growth of iron-based amorphous metals.

Cobalt-based amorphous metals, although less prevalent than their iron-based counterparts, are gaining traction in specialized applications. These metals offer excellent corrosion resistance and high-temperature stability, making them suitable for use in extreme environments. Industries such as aerospace, defense, and high-performance electronics are increasingly adopting cobalt-based amorphous metals for their unique properties. The ongoing research and development activities aimed at enhancing the performance characteristics of cobalt-based amorphous metals are expected to further drive their demand in the coming years.

Other types of amorphous metals, including nickel-based and copper-based alloys, also contribute to the market, albeit to a lesser extent. These metals are used in niche applications where specific material properties are required. For instance, nickel-based amorphous metals are utilized in medical devices and specialized industrial components due to their biocompatibility and excellent mechanical properties. The growing demand for advanced materials in various high-tech ap

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Precious Metals Market Size 2025-2029

The precious metals market size is forecast to increase by US $105.3 billion, at a CAGR of 6.4% between 2024 and 2029.

Precious metals, including gold, silver, platinum, and palladium, have long been recognized as valuable assets in times of economic instability. Their inherent scarcity and durability make them an attractive investment for businesses and individuals seeking to hedge against inflation and market volatility. The market is a dynamic and evolving entity, influenced by various factors. One significant trend is the growing focus on environmental, social, and governance (ESG) issues. This concern extends to the mining and extraction processes of these metals, leading to increased scrutiny and regulatory oversight. Gold, the most commonly held precious metal, experienced a 23.3% increase in demand from institutional investors in 2020.
This surge can be attributed to a multitude of factors, including geopolitical tensions, currency devaluation, and the ongoing COVID-19 pandemic. Silver, another popular precious metal, is used extensively in industrial applications, particularly in electronics and solar panels. Its demand is influenced by technological advancements and economic conditions. Platinum and palladium, primarily used in the automotive industry for catalytic converters, face demand fluctuations based on the health of the global automotive sector. The market is subject to continuous unfolding activities, with trends and patterns evolving in response to economic, technological, and regulatory developments. As a professional, it is crucial to stay informed and adapt to these changes to make informed decisions.

Major Market Trends & Insights

APAC dominated the market and accounted for a 44% growth during the forecast period.
The market is expected to grow significantly in the US as well over the forecast period.
By the Type, the Gold sub-segment was valued at US $94.40 billion in 2023
By the Application, the Industrial sub-segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Future Opportunities: US $105.3 billion 
CAGR : 6.4%
APAC: Largest market in 2023

What will be the Size of the Precious Metals Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

Precious metals, including platinum and gold, continue to hold significant value in various industries due to their unique properties. Current market performance is marked by a steady increase in demand, with approximately 25% of global production being utilized for industrial applications. Looking ahead, future growth expectations indicate a potential 18% expansion in the market's size. A comparison of key numerical data highlights the significance of these metals. For instance, platinum's high melting point and excellent electrical conductivity make it an essential component in catalytic converters, accounting for around 40% of its total demand. In contrast, gold, with its malleability and resistance to corrosion, is widely used in jewelry and electronics, contributing to a global market value of around 1.7 trillion USD.
These metals' diverse applications and inherent value make them a vital component of numerous industries, with ongoing research and development efforts focusing on refining techniques, metallurgical engineering, and recycling processes to optimize their use and maximize their value.
The Precious Metals Market is driven by advancements in metal refining techniques and sustainable practices like precious metal recycling and precious metal waste management. Innovations such as metallographic analysis enhance quality control in producing high-purity metals, while industries leverage precious metal composites and precious metal coatings for durability and performance. Applications range from precious metal catalysts in chemical processes to gold nanoparticle synthesis in biomedical research. Manufacturing relies on precious metal forming techniques, including precious metal electroforming, alongside advanced metal finishing processes and metal surface treatments. Demand for precious metal concentrates, precious metal compounds, and precious metal salts continues to grow, while precious metal scrap recovery supports sustainability. Specialized uses such as platinum electrode fabrication and silver halide photography highlight the expanding role of precious metals across industries.

How is this Precious Metals Industry segmented?

The precious metals industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Gold
  Silver
  Platinum


Application

  Industrial
  Jewelry
  Investment


End-use Industry

  Jewelry Manufacturing
  Automotive (Catal

Learn about the expected growth in the rare earth metals market over the next decade driven by increasing global demand. Market performance is forecasted to rise steadily, with market volume estimated to reach 343K tons and market value projected to hit $11.4B by 2035.

The Global Base Metal Mining market size was USD 555.2 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 4.30% from 2023 to 2030.

North America held the major market of more than 40% of the global revenue with market size of USD 222.08 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2023 to 2030
Europe accounted for a share of over 30% of the global market size of USD 166.56 billion
Asia Pacific held a market more than 23% of the global revenue with a market size of USD 127.70 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030
Latin America market of more than 5% of the global revenue with market size of USD 27.76 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2023 to 2030
The construction category held the highest base metal mining market revenue share in 2023.

Increasing Demand Coming from the Automobile Sector to Provide Viable Market Output

The increase in demand from the automotive industry for copper wires, copper metals, and copper cathodes is driving the base metal mining market. The increasing rise of the automotive sector is affecting the consumption of metals such as copper, aluminum, and others for diverse purposes in the automobile industry, which is raising demand for the base metal mining market. The need for copper cathodes and copper wires, which are extensively used in the manufacturing of electric vehicles, is rising in tandem with the growth and advancements in the electric car industry.

For instance, the International Energy Agency reports that sales of electric vehicles exceeded 2.1 million units. As a result, there are already 7.2 million electric cars in the market. The number of electric vehicles sold reached 2.94 million in 2022, up 40% from the previous year. The demand for base metals is rising due to the increased production and sales of electric vehicles, which is fuelling demand for the base metal mining sector.

Source-www.iea.org/news/global-electric-car-sales-have-continued-their-strong-growth-in-2022-after-breaking-records-last-year

Increasing Demand in the Construction Industry to Propel Market Growth

Base metals are utilized in the building sector for various purposes because they are durable and strong. The most prevalent ones are aluminum and copper. Aluminum is widely utilized in the construction industry due to its resistance to corrosion, high conductivity, and flexibility. Because of its resilience to extreme weather, the metal is utilized in windows, doors, and wire, as well as outdoor signage and street lighting. The metal is formed into sheets, tubes, and castings. HVAC ducts, roofs, walling, and handles are all aluminum. Furthermore, they are commonly encountered in the building sector.

For instance, The US Census Bureau estimates that construction spending in November 2023 will be $2,050.1 billion, up 0.4 percent (±1.0 percent)* from the revised October estimate of $2,042.5 billion. The November amount is 11.3% (±1.5%) higher than the November 2022 projection of $1,842.2 billion. In the first 11 months of this year, building spending reached $1,817.1 billion, a 6.2 percent (±1.0 percent) increase from $1,711.1 billion in 2022.

Source-www.census.gov/construction/c30/current/index.html

MARKET DYNAMICS: KEY RESTRAINTS

Market Restraints of the Base Metal Mining Market

Tight Mining Regulations to Restrict Market Growth

There are diverse laws governing mining activities worldwide, a huge hurdle to the base metal mining business. For example, the National Environmental Policy Act (NEPA) requires federal agencies to compile an environmental impact statement (EIS) for actions that significantly influence the quality of the human environment. Mining operations will have an environmental impact statement (EIS) test to assess the environmental implications. Any inconsistency or inability to obey the rules will result in legal action.

Impact of COVID-19 on the Base Metal Mining Market

In 2020, the new coronavirus known as COVID-19 spread quickly throughout several nations and areas, profoundly affecting people's lives and the community at large. From its origins as a human health issue, it has developed into a danger to international trade, the economy, and finance. Because of lockdowns, the COVID-19 epidemic stopped manufacturing numerou...

The sheet metal market is valued at USD 341.8 billion in 2025 and is slated to reach USD 496.3 billion by 2035, growing at a CAGR of 3.8%.

Graph and download economic data for Global price of Metal index (PMETAINDEXM) from Jan 1992 to Jun 2025 about metals, World, indexes, and price.

The global metal 3d printing market size is projected to grow from USD 7.5 billion in 2025 to USD 38.81 billion by 2033, exhibiting a CAGR of 22.8%.
Report Scope:

The Metal Magnesium Market Report is Segmented by Production Process (Thermal Pidgeon, Electrolytic, Secondary/Recycled, and Seawater Electro-Extraction), End-User Industry (Aluminum Alloys, Die-Casting, Iron and Steel, Metal Reduction, and Other End User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons).

Learn about the projected growth of the metal link chain market, with an expected increase in volume and value over the next decade.

The global steel market size attained a volume of around 1738.39 MMT in 2024. The market is projected to grow at a CAGR of 2.24% between 2025 and 2034 to reach a volume of nearly 2169.48 MMT by 2034.

The growing demand in the steel market is due to the increasing infrastructure investments and expanding sectors including automotive and construction. Rising urbanization needs and an increasing need for durable materials in urban development projects have motivated the growth to a great extent. Since the automotive industry requires high-quality steel products to manufacture vehicles, it plays a significant role in steady growth. Steel usage for the production of components that are quantitatively effective is expected to be driven by the renewable energy sectors, particularly the wind and solar energy industries.

The steel sector is set to grow as global infrastructure investment rises, with a particular emphasis on developing high-performance materials in line with environmental pledges.