PUBLISHER: The Business Research Company | PRODUCT CODE: 1680428
PUBLISHER: The Business Research Company | PRODUCT CODE: 1680428
Processed nonferrous metals encompass alloys or metals with a minimal proportion of iron, primarily involved in smelting ores into nonferrous metals or the initial refining of nonferrous metals (excluding aluminum). These metals are crucial in the manufacturing of lightweight and malleable products.
The primary categories of processed nonferrous metals include smelted and refined nonferrous metals (excluding aluminum), rolled, extruded, and alloyed copper, rolled and extruded nonferrous metals (excluding copper and aluminum), and secondary smelted, refined, and alloyed nonferrous metals (excluding copper and aluminum). Rolled processed non-ferrous metals undergo rolling at specific temperatures and involve metal casting. Various process types such as smelting and refining, rolling, drawing, extruding, alloying, and others are utilized in automotive, electronic power, construction, and various other end-user applications.
The processed nonferrous metal market research report is one of a series of new reports from The Business Research Company that provides processed nonferrous metal market statistics, including processed nonferrous metal industry global market size, regional shares, competitors with a processed nonferrous metal market share, detailed processed nonferrous metal market segments, market trends and opportunities, and any further data you may need to thrive in the processed nonferrous metal industry. This processed nonferrous metal market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The processed nonferrous metal market size has grown strongly in recent years. It will grow from $1604.74 billion in 2024 to $1692.01 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to automotive industry demand, electronics and electrical appliances, aerospace and aviation sector, construction and infrastructure projects, renewable energy applications.
The processed nonferrous metal market size is expected to see steady growth in the next few years. It will grow to $1961.02 billion in 2029 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to energy storage solutions, urbanization and smart cities, sustainable manufacturing practices, supply chain resilience, advancements in material science. Major trends in the forecast period include rise of 5g technology, technological advances in metal processing, advancements in lightweight alloys, increasing use in electronics, recycling initiatives.
The projected rise in urban populations is expected to drive the demand for the processed nonferrous metal market in the forecast period. The rapid growth of urban populations necessitates the construction of new buildings, infrastructure, and transportation systems to accommodate the increasing number of residents. Processed nonferrous metals play a crucial role in construction applications such as wiring, plumbing, roofing, and structural components. As of April 2022, more than 4.3 billion people, accounting for 55% of the global population, resided in urban areas, with projections indicating a rise to 80% by 2050, according to the World Economic Forum. Hence, the growing urban populations are a key driver for the demand in the processed nonferrous metal market.
The introduction of new products and market growth is expected to impact the supply chain operations of the nonferrous metal production and processing market during the forecast period. An inherent challenge is the uncertainty surrounding the ability of raw material suppliers to meet market demand. Moving forward, prolonged delays and unproductive downtime in manufacturing facilities due to a lack of supply chain visibility will remain a significant hurdle for metal and mineral manufacturers. A KPMG survey revealed that only 17% of companies have 'complete visibility of their suppliers.' Poor supply could lead to an inability to meet market demand, thereby restricting the industry's growth.
Additive manufacturing (AM) is becoming increasingly prevalent in the production of various metal products. The shift of additive manufacturing from a tool for product development to a production tool has been swift. Greater investment in metal additive manufacturing (AM) technology is contributing to process enhancements and lower production costs in related manufacturing industries. In March 2023, according to a report by Nanjixiong, a China-based additive manufacturing (AM) portal, venture capital funds invested $930 million in additive manufacturing (AM) startups in China in 2022, with $370 million, or 40% of the total, directed towards metal additive manufacturing (AM) businesses.
Major companies in the processed nonferrous metal market are increasingly focusing on new technologies, such as X-ray transmission (XRT) technology, to enhance sorting efficiency, improve material recovery rates, and optimize resource utilization in their operations. X-ray Transmission (XRT) technology employs X-rays to analyze the density and composition of materials, enabling precise sorting of various substances. For example, in May 2022, TOMRA, a Norway-based technology company, introduced the X-TRACT(TM) system, designed to enhance aluminum recycling and processing capabilities. This next-generation sorting machine utilizes advanced technology to improve both the efficiency and purity of aluminum recovery. The X-TRACT(TM) can operate at belt speeds of 2.3 to 3.8 meters per second, significantly boosting throughput while maintaining high yield levels.
Major companies in the processed nonferrous metal market are pioneering new products such as pure copper powder to broaden their customer base, enhance sales, and drive revenue growth. Pure copper powder, a fine, dry, and finely divided form of copper primarily composed of copper atoms, was introduced by Infinite Flex, a Germany-based manufacturer of smart materials, in January 2022. Infinite Powder Cu 01, the first pure copper powder for selective laser melting (SLM) 3D printing, boasts unique properties such as a tensile strength exceeding 220MPa, an elongation of 24%, and the ability to produce high-density parts (>99.9%). Through this recent offering, Infinite Flex aims to tap into a new market for high-performance 3D printing products, including heat exchangers, induction coils, and electronic components.
Major companies operating in the processed nonferrous metal market include Alcoa Corporation, Rio Tinto Group, Norsk Hydro ASA, Vedanta Resources Limited, Hindalco Industries Limited, South32 Limited, China Hongqiao Group Limited, United Company RUSAL, Glencore International AG, Aluminum Corporation of China Limited, First Quantum Minerals Ltd., Freeport-McMoRan Inc., BHP Group Limited, Teck Resources Limited, Lundin Mining Corporation, Boliden AB, Sumitomo Metal Mining Co., Ltd., Vale S.A., Anglo American plc, Aurubis AG, Korea Zinc Co., Ltd., Mitsui Mining & Smelting Co., Ltd., Hindustan Zinc Limited, Southern Copper Corporation, MMG Limited, Kaz Minerals, Antofagasta plc, Imperial Metals Corporation, Trafigura Group Pte Ltd.
The Asia-Pacific was the largest region in the processed nonferrous metal market in 2024. Western Europe was the second-largest region in the processed nonferrous metal market. The regions covered in the processed nonferrous metal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the processed nonferrous metal market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The processed nonferrous metal market consists of sales of lithium, copper, lead, tin, titanium, and zinc. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Processed Nonferrous Metal Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on processed nonferrous metal market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for processed nonferrous metal ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The processed nonferrous metal market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.