Non Ferrous Metals Market Report 2025 (Global Edition)

Global Non Ferrous Metals Market Report 2025 Market Size Split by Metal Type (Aluminium, Copper, Lead, Tin, Silver, Gold, Zinc, Others), by Application (Automobile Industry, Electronic Power Industry,...

Non Ferrous Metals Market Report Description

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Non Ferrous Metals Market Insights Video

Non-Ferrous Metals Industry News:

• Derichebourg completed the takeover of Ecore after securing regulatory approval (January 2022)

A major merger has been completed in the French ferrous and non-ferrous metals recycling market. Market leader Derichebourg announced in December that it had finalized its takeover of competitor Ecore after having received clearance for the transaction from the EU.

• Acquisition of Stake in Valhalla Metals Inc. to Explore Non-ferrous Metals in Alaska, United States (September 2022)

MARUBENI METALS & MINERALS (CANADA) INC., a wholly owned subsidiary of Marubeni Corporation, and Valhalla Metals Inc., a Canadian exploration company, have agreed that MMM will acquire an approximately 19.99% stake in Valhalla by subscribing to a third-party allotment of new shares for approximately C$8.3 million.

• Sumitomo Metal Mining Co., Ltd. has Established SMM × Tohoku University GX Materials Science Co-Creation Research Center (October 2022)

Sumitomo Metal Mining Co., Ltd. and Tohoku University has established the SMM × Tohoku University GX Materials Science Co-Creation Research Center on October 1, 2022, with the aim of making proposals and plans for R&D themes concerning GX (Green Transformation) material science.

Top Companies Market Share in Non Ferrous Metals Industry: (In no particular order of Rank)

• Aditya Birla Group
• Alcoa Corporation
• Aluminum Corporation of China Limited
• Anglo American plc
• BHP
• RUSAL (En+ Group MKPAO)
• Glencore Plc
• Norilsk Nickel
• Rio Tinto Group
• Sumitomo Metal Mining Co. Ltd.
• Vale S.A.
• Others
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Asia Pacific Non-Ferrous Metals market was dominant with 47.56% of total market share in 2022!

Asia Pacific is the largest contributor in global Non-ferrous metals, accounting for 47.56% of the market share in 2022. Many Asian countries such as India, China, and Japan have experienced strong economic growth, these countries are investing in infrastructure development which leads to the growth of the non-ferrous metal market. Asia Pacific region is home to many of the world's major manufacturing hubs, which also drive demand for non-ferrous metals. Europe held the second-largest market share in 2022. As Europe is the biggest consumer of non-ferrous metals worldwide. In the manufacture of non-ferrous metals, aluminum represents the largest share. According to, European Economy, the non-ferrous market turnover was €116.09 billion (1.8%) in 2010

North America

The North America Non Ferrous Metals Market size was will be USD 226.00 Billion in 2031.

North America accounted for a significant share of 21.88% in the year 2023. This is attributed to factors such as growing end-use industries such as automobile, electronics, construction, and aerospace and defense. Non-ferrous metals refer to metallic substances that do not contain iron as their primary component. This category includes a wide range of metals such as aluminum, copper, lead, tin, nickel, titanium, zinc, and others. They possess various properties such as high corrosion resistance, low melting points, excellent thermal and electrical conductivity, ductility, and malleability. Owing to its range of properties these are widely used across several industries. As America has a vibrant automotive industry, the demand for non-ferrous metals. In the automotive industry, these metals have applications ranging from body panels and engine components to electric vehicle (EV) components like battery packs. According to OICA, North America produced 14.8 million vehicles in 2022, 17.4% of the world´s total. And by Q3 of 2023, 18.6% of the global production with the U.S. and Mexico as two of the world´s top 10 producers. With this increase in vehicle production, the utilization of non-ferrous metals is also increasing. Moreover, the growing adoption of EVs is also contributing to market growth. 

The Europe Non Ferrous Metals Market size will be USD 272.27 Billion in 2031.

Europe held the share of 25.46% in the year 2023. This is due to its substantial consumer base, presence of capital-intensive manufacturers and vendors, and strong end-user industry demand. Robust demand from end-user industries, such as automotive, construction, and electronics, plays a pivotal role in driving the market forward. According to the ACEA, EU car sales surged by almost 17% in the first three quarters of 2023 and EU car sales are expected to increase by 2.5% in 2024. Magnesium is widely utilized in the automotive industry. The benefits of using magnesium transmission parts in the manufacture of autos, trucks, and other vehicles are not surprising. Magnesium cast parts are the industry's preferred material because they are 75% lighter than steel and 33% lighter than aluminum, have a high strength-to-weight ratio, good impact resistance, excellent dimensional stability, and can be cast into almost any shape. With the growth of the automotive sector in the region, the demand for these non-ferrous metals is expected to increase. Furthermore, the presence of large players such as EN+ Group, Vale S.A., Norilsk Nickel, Rio Tinto, Glencore plc, ALBA Group, and others are contributing to the growth of the market through innovations and strategic alliances. In February 2024, Vale signed a partnership with Anglo-American in Minas-Rio. This expands its metal business in new markets. 

The Asia Pacific Non Ferrous Metals Market will be USD 441.32 Billion in 2031
Asia Pacific held the share of 39.48% in the year 2023. The growth of the non-ferrous metal market in Asia Pacific is driven by factors such as rapid industrialization, infrastructure development activities, technological advancements, and the presence of a large number of players. The Asia Pacific region is witnessing rapid industrialization, leading to increased demand for non-ferrous metals. As industries expand and infrastructure projects increase, the need for materials such as copper, aluminum, and zinc rises. According to the Bureau of Recycling, China's production of ten commonly used nonferrous metals climbed 7.1% to 74.698 million tons, marking the first time the annual amount topped 70 million tons. The overall production for 2023 included 12.99 million tons of refined copper (+13.5% year on year) and 41.59 million tons of electrolytic aluminum (+3.7%). Furthermore, increasing government support is contributing to the growth of the non-ferrous metal market. according to the Ministry of Industry and Information Technology, China strives to increase the added value of the non-ferrous metal industry by about 5.5 percent year on year in 2023 and over 5.5 percent in 2024.
Additionally, according to Icra 2023, in the domestic demand growth rate for non-ferrous metals is expected to remain healthy at 9% in the next two financial years. 

The South America Non Ferrous Metals Market size will be USD 58.00 Billion in 2031
South America held the share of 5.71% in the year 2023. The growth of non-ferrous metals in Latin America is driven by a confluence of factors, ranging from economic trends to technological advancements and environmental considerations. South America has abundant mineral resources, including copper, aluminum, nickel, and precious metals like gold and silver, which serve as a solid foundation for the growth of the non-ferrous metals industry. According to the International Energy Agency, Latin America accounts for 40% of the global production of copper, led by Chile (27%), Peru (10%), and Mexico (3%). The region supplies 35% of the world’s lithium, led by Chile (26%) and Argentina (6%), the second and fourth largest global producers, respectively. Beyond copper and lithium, Latin America has significant potential in graphite, nickel, manganese, and rare earth elements production. Brazil alone holds around one-fifth of global reserves in each of these resources. Latin America boasts some of the largest reserves of these metals globally, attracting both domestic and foreign investment. Additionally, the increasing demand for non-ferrous metals from various sectors fuels growth. 

Middle East & Africa

The Middle East & Africa Non Ferrous Metals Market size will be USD 74.34 Billion in 2031.
Middle East & Africa held the share of 7.47% in the year 2023. The growth of the non-ferrous metals industry in the Middle East and Africa (MEA) region is propelled by several key factors such as the rich abundance of mineral resources in the MEA, increase in demand for aluminum in the construction sector and for copper in the electrical and electronics industry. Countries such as South Africa, Zambia, and the Democratic Republic of Congo possess substantial reserves of minerals like copper, aluminum, and gold, providing a solid foundation for the industry's growth. The presence of these resources not only attracts investment but also fosters the development of mining infrastructure and related industries, contributing to the overall expansion of the non-ferrous metals sector.
Additionally, the increasing demand for non-ferrous metals, both domestically and globally, fuels growth in the MEA region. Rapid urbanization, industrialization, and infrastructure development across emerging economies drive the need for metals like aluminum, copper, and nickel in the construction, transportation, and manufacturing sectors. As a result, MEA countries with significant non-ferrous metal reserves capitalize on these opportunities by ramping up production to meet rising demand, thus stimulating industry growth.
 

The current report Scope analyzes Non Ferrous Metals Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Non Ferrous Metals Market Analysis

By Metal Type, Aluminum Metals was the Leading segment with 35.65% share of total Non-Ferrous Metals market in 2022.!

Based On The Type Of Non-Ferrous Metal, the market is segmented into aluminum, copper, lead, tin, and others. Aluminium held the largest market share in 2022, owing to its versatility, lightweight, recycling properties, and increasing demand automotive and construction industries. Aluminium has a wide range of applications, such as transportation, construction, packaging, and consumer goods. Further, copper held the second-largest market share in 2022. The cooper has excellent electrical conductivity, so it has applications in electrical and electronic applications, such as wiring, motors, and generators.

• Aluminum
• Copper
• Lead
• Tin
• Nickel
• Titanium
• Zinc

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Non Ferrous Metals Industry. Request a Free Sample PDF!

Application Segment Analysis of Non Ferrous Metals Market

Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the Non Ferrous Metals Market.

Some of the key Application of Non Ferrous Metals are:

• Automobile Industry
• Electronic Power Industry
• Construction Industry
• Manufacturing
• Consumer Goods
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Non Ferrous Metals Process Type Segment Analysis

• Smelting and Refining
• Rolling
• Drawing
• Extruding
• Alloying
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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