Metal Industry

The global metal market experienced a robust growth during the last five years. The metal market consists of establishments primarily engaged in manufacturing all types of metals such as iron and steel, aluminum, base metals, and precious metals. The industry is highly fragmented. A combination of factors such as growth in related industries and governmental regulations, cyclical fluctuations in metal prices, general economic conditions, and end-use markets are witnessed to impact the industry dynamics significantly.

Government regulations, rising cost of input materials, increasing operational efficiency in order to reduce operating costs, and improving the quality of output are some of the challenges being faced by the industry. The increasing growth rate of construction, automobiles, heavy machinery, and equipment is expected to drive consumption of metals used in these industries.
Precious metal witnessed the largest increase with double-digit growth during the last five years, driven by increases in production and price of precious metal such as gold, silver, and platinum. Research indicates that demand for precious metal is forecast to witness highest growth during the next five years because of its increased application in a number of sectors.