The Business Research Company’s Metal Alloys Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Metal Alloys Global Market Report 2023 evaluates metal alloys market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global metal alloys market size is expected to grow from $282.15 billion in 2022 to $300.03 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global metal alloys is expected to grow to $375.83 billion in 2027 at a CAGR of 5.8%.
Growth in the automotive industry is expected to propel the growth of the metal alloys market going forward. The automotive industry refers to industries associated with the production, retailing, wholesaling, and maintenance of motor vehicles. Metal alloys, such as aluminum alloys, are extensively used in the automotive industry for their favorable properties such as good durability, superior corrosion resistance, and improved maintenance. For instance, in April 2022, according to a report published by the European Automobile Manufacturers Association, 79.1 million motor vehicles were produced worldwide, a 1.3% increase over 2020. Additionally, according to the Global EV Outlook 2021, consumers spent USD 120 billion on electric vehicle purchases in 2020, a 50% increase over 2019. As a result, the market for metal alloys is driven by the expansion of the automotive sector.
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The metal alloys market segments in the report are:
1) By Material: Stainless Steel Alloys, Aluminum Alloys, Bronze Alloys, Nickel Alloys, Other Materials
2) By Process: Casting, Hot and Cold Rolling
3) By Application: Transportation, Construction, Packaging, Machinery, Electrical, and Other Applications
The table of contents in TBRC’s metal alloys market report includes:
- Executive Summary
- Metal Alloys Market Characteristics
- Metal Alloys Market Trends And Strategies
- Metal Alloys Market – Macro Economic Scenario
- Metal Alloys Market Size And Growth
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- Africa Metal Alloys Market
- Metal Alloys Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Metal Alloys Market
- Metal Alloys Market Future Outlook and Potential Analysis
- Appendix
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