PUBLISHER: Allied Market Research | PRODUCT CODE: 1179612
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179612
The global base metals market size was valued at $722.4 billion in 2021, and is projected to reach $1,028.75 billion by 2031, registering a CAGR of 3.5% from 2022 to 2031.
Base metals are those metals that are inexpensive and are common as compared to precious metals. These metals usually have higher strength, require comparatively less maintenance, and are corrosion resistant. The base metals are common metals such as lead, copper, zinc, and lead. It finds its application in consumer goods, automotive &transportation, and construction industry.
Metals are used in various industry verticals such as construction, automotive and transportation, consumer goods, and shipbuilding industry. Rise in construction activities across various regions such as Europe and Asia-Pacific is expected to fuel the global base metals market growth. Increase in urbanization and rise in industrialization result in faster economic development, which boosts the demand for global base metals market. Thus, fast-paced urbanization results in increased government and consumer spending on residential and infrastructure construction, which significantly boosts the growth of the base metals market.
The market is segmented on the basis of metal type, source, end-user industry, and region. On the basis of metal type, the market is classified into copper, lead, aluminum and others. On the basis of source, the market is divided into new production and recycled. By end-user industry, the market is segmented into construction, automotive and transportation, consumer goods, and others. Region-wise, the global market analysis is conducted across North America, Europe, Asia-Pacific and LAMEA.
COMPETITION ANALYSIS
The key players that operate in the base metals market are Alcoa Corporation , Anglo American plc, Antofagasta Plc, BHP, CODELCO, First Quantum Mineral Freeport-McMoRan, Glencore, Jiangxi Copper Corporation Limited, Lundin Mining Corporation, Rio Tinto, Southern Copper, Teck Resources, United States Steel Corporation, United Company Rusal Plc, Vale, Vedanta Resources Limited.
By Metal type
By Source
By End-user industry
By Region