Metal Manufactured Products Market was valued US$ 711 Bn in 2017 and is estimated to reach US$ 901 Bn by 2026 at a CAGR of about 3 % during a forecast. Rising demand from various sectors like aviation Cheap Carlos Bacca Jersey , healthcare, electrical & electronics, energy & power, construction, personal care, automotive majorly drives the global metal manufactured products market.
Metal is 100 % recyclable hence extending the market positively. Technological development in automotive on metal manufactured products is augmenting the market expansion. Instability in raw material prices and presence of alternative are predicted to restrain the market growth. Iron holds significant share of the market. Iron is generally used in its alloy form. Iron alloys are used in countless application. Iron is followed by aluminium metal. Aluminium is produced in around forty countries and is widely used in packaging, construction Cheap Antonio Donnarumma Jersey , and transportation.
Aluminium is anticipated as a fastest growing segment in metal manufactured products due to its increased demand from automotive sector for lightweight vehicle. Stringent vehicle emission norm is increasing use of aluminium as a lightweight and cheaper substitute in power transmission and distribution. Pipe fixtures & fittings is the fastest growing segment. Electrical & electronics is second leading segment. Electrical & electronics is followed by wires & cables, jewellery & ornaments and others. Copper is popularly used in electrical and electronics sector owing to its electrical conductivity. Cast iron, chromed brass, chromed copper, galvanized iron, copper and black iron ar