Base Metals Market By Metal type (Copper, Lead, Aluminum, Others), By Source (New production, Recycled), By End-user industry (Construction, Automotive and transportation, Consumer goods, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
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.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current and emerging market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
Extensive analysis of the base metals market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The base metals market forecast analysis from 2022 to 2031 is included in the report.
The key players in the base metals market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the base metals market.
Key Market Segments
By Metal type
Copper
Lead
Aluminum
Series
Series 1
Series 2
Others
Others
By Source
New production
Recycled
By End-user industry
Construction
Automotive and transportation
Consumer goods
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest Of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
CODELCO
First Quantum Minerals Ltd.
Freeport-McMoRan
Glencore
Jiangxi Copper Corporation Limited
Lundin Mining Corporation
Rio Tinto
Alcoa Corporation
Anglo American plc
Antofagasta plc
BHP
Southern Copper
Teck Resources
United States Steel Corporation
United Company Rusal Plc
VALE S.A.
Vedanta Resources Limited
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