Global Non-Ferrous Metals Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Aluminum , Copper , Lead , Tin , Nickel and Titanium.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn735418376 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Non-Ferrous Metals Market (USD Million), 2021 - 2031

In the year 2024, the Global Non-Ferrous Metals Market was valued at USD 1155094.34 million. The size of this market is expected to increase to USD 1625333.74 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The global non-ferrous metals market serves as a vital component of various industries, including automotive, aerospace, construction, electronics, and renewable energy. Non-ferrous metals, characterized by their lack of iron content and resistance to corrosion, encompass a wide range of metals such as aluminum, copper, zinc, nickel, lead, and tin. These metals are essential for manufacturing a plethora of products, from lightweight automotive components and electrical wiring to corrosion-resistant infrastructure and high-performance electronics.

In recent years, the global non-ferrous metals market has experienced steady growth, propelled by factors such as urbanization, industrialization, technological advancements, and the transition to cleaner energy sources. Rapid urbanization and infrastructure development projects worldwide have spurred demand for non-ferrous metals, particularly aluminum and copper, which are extensively used in construction, transportation, and electrical systems. Additionally, the proliferation of electronic devices, electric vehicles, and renewable energy infrastructure has driven demand for metals like lithium, cobalt, and rare earth elements, which play crucial roles in battery technologies and renewable energy systems.

The competitive landscape of the global non-ferrous metals market is characterized by a diverse array of producers, including mining companies, smelters, recyclers, and manufacturers, operating across various regions and segments of the industry. Major producers of non-ferrous metals are located in countries known for their abundant mineral resources and advanced metallurgical technologies, such as China, Australia, Russia, Canada, and Chile. These countries dominate the global market, supplying a significant portion of the world's non-ferrous metals to meet the demands of various industries. Moreover, ongoing research and development efforts aimed at improving extraction, processing, and recycling technologies are driving innovation and shaping the future of the global non-ferrous metals market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Region
  4. Global Non-Ferrous Metals Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Urbanization and Infrastructure Development
        2. Technological Advancements
        3. Transition to Cleaner Energy Sources
      2. Restraints
        1. Fluctuating Raw Material Prices
        2. Environmental Regulations
        3. Supply Chain Disruptions
      3. Opportunities
        1. Recycling and Circular Economy Initiatives
        2. Emerging Market Expansion
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Non-Ferrous Metals Market, By Product, 2021 - 2031 (USD Million)
      1. Aluminum
      2. Copper
      3. Lead
      4. Tin
      5. Nickel
      6. Titanium
    2. Global Non-Ferrous Metals Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Rio Tinto Group
      2. BHP Group
      3. Glencore plc
      4. China Minmetals Corporation
      5. Norsk Hydro ASA
      6. Freeport-McMoRan Inc.
      7. Vale S.A.
      8. Hindalco Industries Limited
      9. Alcoa Corporation
      10. Anglo American plc
  7. Analyst Views
  8. Future Outlook of the Market