Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Non-Ferrous Metal Market: By Type, By Process Type, By Application, and Geography
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.
Study Period
2024-2030Base Year
2023CAGR
7.3%Largest Market
North AmericaFastest Growing Market
Asia Pacific
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.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 1,410.3 billion |
Market CAGR |
7.3% |
By Type |
|
By Process Type |
|
By Application |
|
By Region |
|
Download Free Sample Report
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.
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