A brief overview of Metal & Metal Ores Market is provided in the report based on product scope and market status & outlook. The market is segmented on the basis of type, end-users/application, and geography
Metal is usually hard, opaque, shiny, and has good electrical and thermal conductivity. They are generally malleable, and hence can be hammered or pressed permanently in a shape without breaking or cracking.
Metal ores are combination of minerals containing metals. Mostly metal ores are polymetallic.
Further, they are bifurcated into ferrous and non-ferrous ores.
Ferrous includes iron, hematite, pyrite, and others. Non-ferrous includes copper, nickel, lead, and zinc.
Moreover, increase in consumption of metal and metal ores in industries such as automotive, aerospace, electricity, & energy, construction, and packaging fuels the market growth.
The global metal and metal ores market is expected to experience a steady growth rate during the forecast period. The increase in growth rate of construction, heavy machinery & equipment and automobiles is expected to drive the metal and metal ores market toward growth.
Further, rapid increase in urbanization and industrialization in emerging countries of Asia, Latin America, and Africa fuels the market growth. The growth in urbanization leads to rise in government and consumer expenditure in residential and infrastructure construction, which increases the consumption of metal and metal ores.
However, rise in cost of input materials, increase in operational efficiency to reduce operating costs, and strong government regulations are expected to restrain the growth of the market. Moreover, rise in development in green building owing to increase in concern toward sustainability of the environment stimulate opportunity for the market growth.
Metals such as, aluminum, copper, and others are suitable materials for green building as they help improve the environmental performance of products in building construction industry.
Key Market Segments
By Metal Type
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