Non-Ferrous Metal Market: By Type, By Process Type, By Application, and Geography

Non-Ferrous Metal Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Aluminium, Copper, Lead, Magnesium, Tin, Nickel, Titanium, Zinc, Precious Metals, Rare Earth Metals), By Process Type (Smelting and Refining, Rolling, Drawing, Extruding, Alloying, Others), By Application (Automobile, Electronics, Construction, Aerospace & Defence, Energy, Packaging, Consumer Goods and Home Appliances, Others), and Region

Non-ferrous metals market size was valued at US$ 1,410.3 billion in 2023 and is poised to grow at a CAGR of 7.3% from 2024-2030. Non-ferrous metals are metals that do not contain iron and are resistant to corrosion, non-magnetic, high conductivity, and low weight. Non-ferrous metals include aluminium, brass, copper, lead, nickel, zinc, etc. They are majorly used in the automotive, aerospace, and electronic industries.

Based on the type, Copper is the most commonly used non-ferrous metal which is often used in electrical wiring owing to its ductility and high conductivity. According to Copper Development Association, Inc., copper has 93% of the total building wire market in the USA and is driving the non-ferrous metal market. Moreover, the application of non-ferrous metals in roofing, siding, window frames, and gutters owing to their soundproof panels and waterproof sealant quality has created an opportunity for the expansion of the market.

Owing to the development in industries, like the telecommunication and ITU sectors, and the need for high-grade materials for the production of electronic devices and components, the electronic power industry also contributed significantly to the overall market. But the shifting consumer preferences in the wake of a predicted economic downturn changes to industrial regulations to reflect escalating environmental concerns, significant swings in raw material prices brought on by ongoing geopolitical tensions, and anticipated economic turbulences are expected to hamper the market.

However, the increasing demand from end-use industries, growing urbanization, and industrialization along with technological advancements for more efficient and less energy consumption as compared to the ferrous metal market is expected to fuel the growth of the non-ferrous metal market over the next few years.

Key Developments

  • In September 2022, Marubeni Metals and Minerals, a wholly owned subsidiary of Marubani Corporation acquired a 19.99% stake in Valhalla Metals Inc, a Canadian exploration company by subscribing to a third-party allotment of new shares.
  • In April 2022, Tata Steel Mining completely acquired a 10% equity stake in Rohit Ferro-Tech (RFT) for Rs 20 crore.

Non-Ferrous Metal Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.3%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Non-Ferrous Metal Market Dynamics

The market is expected to surge over the forecast period due to increased application of Aluminium for the Aircraft and Aerospace industry. Aluminium parts are lightweight, durable, strong, and extremely flexible-proving to be the best material used for the construction of heavier-than-aircraft. 80 percent of all airplane parts today are made of aluminium weight-wise.

Aluminium is used to construct the fuselage, wings, rudder, doors, flooring, seat frames, fuel nozzles, hydraulic systems, ball bearings, and engine turbines thus leading to surge in demand in market. For instance, in April 2023, Airbus began producing metal cuts for the A350F freighter that are extremely strengthened and made of a tough alloy of aluminium and lithium to endure the enormous weights on the cabin floor beams.

Non-Ferrous Metal Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 1,410.3 billion

Market CAGR

7.3%

By Type

  • Aluminium
  • Copper
  • Lead
  • Magnesium
  • Tin
  • Nickel
  • Titanium
  • Zinc
  • Precious Metals
  • Rare Earth Metals

By Process Type

  • Smelting and Refining
  • Rolling
  • Drawing
  • Extruding
  • Alloying
  • Others

By Application

  • Automobile
  • Electronics
  • Construction
  • Aerospace & Defence
  • Energy
  • Packaging
  • Consumer Goods and Home Appliances
  • Others

By Region

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA
  • Rest of MEA

Key Features of the Report

  • The non-ferrous metal market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

Non-Ferrous Metals Market size was valued at US$ 1,410.3 billion in 2023 and is poised to grow at a CAGR of 7.3% from 2024-2030

The development in telecommunication and ITU sectors, and the need for high-grade materials for the production of electronic devices and components, in the electronic power industry, are key opportunities for companies to enhance their revenue over the forecast years.

North America is the region that dominates the non-ferrous metal market.

Anglo American, IWG Copper, Alcoa, Glencore, BHP Billiton, RUSAL, Revere Copper, Hussey Copper, Tata Steel, Reliance Corporation, Bonnell Aluminum, Schupan, Hpplgroup, HMS Metal Corporation, Nicomet and Hindustan Copper Ltd are a few companies operating in non-ferrous metal market.

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Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1.Executive Summary
2.Global Non-Ferrous Metal Market Introduction 
2.1.Global Non-Ferrous Metal Market  - Taxonomy
2.2.Global Non-Ferrous Metal Market  - Definitions
2.2.1.Type 
2.2.2.Process Type
2.2.3.Application
2.2.4.Region
3.Global Non-Ferrous Metal Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Non-Ferrous Metal Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Non-Ferrous Metal Market  By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Aluminium
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Copper
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Lead
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Magnesium
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Tin
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Nickel
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
5.7. Titanium
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market Opportunity Analysis 
5.8. Zinc
5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.8.3. Market Opportunity Analysis 
5.9. Precious Metals
5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.9.3. Market Opportunity Analysis 
5.10. Rare Earth Metals
5.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.10.3. Market Opportunity Analysis 
6.Global Non-Ferrous Metal Market  By Process Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Smelting and Refining
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Rolling
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Drawing
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Extruding
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Alloying
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Others
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7.Global Non-Ferrous Metal Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Automobile
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Electronics
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Construction
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Aerospace & Defence
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Energy
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Packaging
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
7.7. Consumer Goods and Home Appliances
7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.7.3. Market Opportunity Analysis 
7.8. Others
7.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.8.3. Market Opportunity Analysis 
8.Global Non-Ferrous Metal Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Non-Ferrous Metal Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Type  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Aluminium
9.1.2.Copper
9.1.3.Lead
9.1.4.Magnesium
9.1.5.Tin
9.1.6.Nickel
9.1.7.Titanium
9.1.8.Zinc
9.1.9.Precious Metals
9.1.10.Rare Earth Metals
9.2.  Process Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Smelting and Refining
9.2.2.Rolling
9.2.3.Drawing
9.2.4.Extruding
9.2.5.Alloying
9.2.6.Others
9.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Automobile
9.3.2.Electronics
9.3.3.Construction
9.3.4.Aerospace & Defence
9.3.5.Energy
9.3.6.Packaging
9.3.7.Consumer Goods and Home Appliances
9.3.8.Others
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Non-Ferrous Metal Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Aluminium
10.1.2.Copper
10.1.3.Lead
10.1.4.Magnesium
10.1.5.Tin
10.1.6.Nickel
10.1.7.Titanium
10.1.8.Zinc
10.1.9.Precious Metals
10.1.10.Rare Earth Metals
10.2.  Process Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Smelting and Refining
10.2.2.Rolling
10.2.3.Drawing
10.2.4.Extruding
10.2.5.Alloying
10.2.6.Others
10.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Automobile
10.3.2.Electronics
10.3.3.Construction
10.3.4.Aerospace & Defence
10.3.5.Energy
10.3.6.Packaging
10.3.7.Consumer Goods and Home Appliances
10.3.8.Others
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Non-Ferrous Metal Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Aluminium
11.1.2.Copper
11.1.3.Lead
11.1.4.Magnesium
11.1.5.Tin
11.1.6.Nickel
11.1.7.Titanium
11.1.8.Zinc
11.1.9.Precious Metals
11.1.10.Rare Earth Metals
11.2.  Process Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Smelting and Refining
11.2.2.Rolling
11.2.3.Drawing
11.2.4.Extruding
11.2.5.Alloying
11.2.6.Others
11.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Automobile
11.3.2.Electronics
11.3.3.Construction
11.3.4.Aerospace & Defence
11.3.5.Energy
11.3.6.Packaging
11.3.7.Consumer Goods and Home Appliances
11.3.8.Others
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Non-Ferrous Metal Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Aluminium
12.1.2.Copper
12.1.3.Lead
12.1.4.Magnesium
12.1.5.Tin
12.1.6.Nickel
12.1.7.Titanium
12.1.8.Zinc
12.1.9.Precious Metals
12.1.10.Rare Earth Metals
12.2.  Process Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Smelting and Refining
12.2.2.Rolling
12.2.3.Drawing
12.2.4.Extruding
12.2.5.Alloying
12.2.6.Others
12.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Automobile
12.3.2.Electronics
12.3.3.Construction
12.3.4.Aerospace & Defence
12.3.5.Energy
12.3.6.Packaging
12.3.7.Consumer Goods and Home Appliances
12.3.8.Others
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Non-Ferrous Metal Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Aluminium
13.1.2.Copper
13.1.3.Lead
13.1.4.Magnesium
13.1.5.Tin
13.1.6.Nickel
13.1.7.Titanium
13.1.8.Zinc
13.1.9.Precious Metals
13.1.10.Rare Earth Metals
13.2.  Process Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Smelting and Refining
13.2.2.Rolling
13.2.3.Drawing
13.2.4.Extruding
13.2.5.Alloying
13.2.6.Others
13.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Automobile
13.3.2.Electronics
13.3.3.Construction
13.3.4.Aerospace & Defence
13.3.5.Energy
13.3.6.Packaging
13.3.7.Consumer Goods and Home Appliances
13.3.8.Others
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Anglo American
14.2.2.IWG Copper
14.2.3.Alcoa
14.2.4.Glencore
14.2.5.BHP Billiton
14.2.6.RUSAL
14.2.7.Revere Copper
14.2.8.Hussey Copper
14.2.9.Tata Steel
14.2.10.Reliance Corporation
14.2.11.Bonnell Aluminum
14.2.12.Schupan
14.2.13.Hpplgroup
14.2.14.HMS Metal Corporation
14.2.15.Nicomet
14.2.16.Hindustan Copper Ltd
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • Anglo American
  • IWG Copper
  • Alcoa
  • Glencore
  • BHP Billiton
  • RUSAL
  • Revere Copper
  • Hussey Copper
  • Tata Steel
  • Reliance Corporation
  • Bonnell Aluminum
  • Schupan
  • Hpplgroup
  • HMS Metal Corporation
  • Nicomet
  • Hindustan Copper Ltd

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