Metals and Minerals
Overview of the global aluminum conductors market
Technavio’s market research analyst predicts the global aluminum conductors market to surpass 4,700 thousand metric tons by 2021. The global aluminum conductors market is expected to grow primarily due to an increase in investments in infrastructure across the globe. Aluminum conductors are extensively used in the T&D sector for various applications such as overhead line applications. These conductors possess tensile strength, corrosion resistance, and shock proof properties. They are widely used in urban areas for various short space applications. Aluminum conductors are a feasible substitute to copper conductors because they three times less expensive and initial investment costs are incurred while producing aluminum conductors. By using aluminum in conductors instead of copper, the conductivity can be doubled, and more than 30% of the costs can be saved.
At present, the aluminum conductor and cable manufacturers are operating at around 60% capacity utilization levels owing to the fluctuating demand. The main reason for such an unstable demand is the long execution phase of T&D lines that use these aluminum conductors and the procurement of aluminum wire rods for use in conductors, which is dependent on government investments. The demand is expected to be stable during the forecast period with an uninterrupted government spending. Also, the stable demand will lead to improvements in the average capacity utilization levels of conductor manufacturers.
Competitive landscape and key vendors
General Cable, Nexans, Prysmian, Southwire, and Sterlite Technologies are the leading vendors in the global aluminum conductors market. Competition in the market varies as per the geographical
Overview of the copper busbar and profiles market in Europe and Middle East
Technavio’s market research analyst predicts that the copper busbars and profiles market in Europe and Middle East will grow at a CAGR of around 5% between 2017 and 2021. The demand for copper busbars and profiles comes primarily from transformers and switchgear equipment that are used in the infrastructure industry. The electrical and power equipment sector requires copper busbars and profiles in power generation stations to connect the generator to step-up transformers and the transformers to switchgear. These busbars are predominantly consumed in transmission, power generation, and distribution equipment. The surge in power generation and distribution infrastructure will increase the number of substations, which in turn, will increase the demand for transformers and switchgear. This rise in demand for transformers and switchgear will fuel the demand for copper busbars and profiles during the forecast period. The growing focus on the modernization of national power grids and strong growth in the building construction investment will enhance the consumption of copper busbars and profiles in the EMEA region during the forecast period.
A growing market for solar energy will expand the market demand for copper busbars and profiles in the coming years. Copper busbars and profiles play a crucial role in conducting electricity between the cells of a solar panel. It separates the solar cells and conducts the current collected by cells to solar inverters that convert direct current power to alternate current power. The size of the busbar determines the maximum current that can be safely conducted.
Overview of the global refractory materials market
Technavio’s market research analyst predicts the global refractory materials market to grow at a CAGR of almost 4% between 2016 and 2020. At present, the global market for refractory materials is witnessing an impressive growth due to the rapid surge in demand from the power generation sector. Refractories are used to control heat output during power generation. Boilers used to extract energy from coal are coated with high strength refractories to provide protection against thermal shock. With the growing inclination towards natural gas-fired power plants, the demand for heat-resistant refractory materials will increase considerably in the coming years. Also, several manufacturers are spending on the research activities to produce innovative refractory materials like chrome-free refractory materials for their effective usage in the manufacturing industries. They have come up with advanced and environment-friendly refractories, which have extensive applications in the furnaces of alternative renewable energy production from sources like solar, tidal, wind, geothermal, hydrogen, biomass, and nuclear.
Geographically, APAC will maintain the lead in the refractory materials market and will witness an increase in its market share over the forecast period. Much of the region’s growth is attributable to the rapid expansion of the construction, mining, and manufacturing industries across several APAC countries. China, Japan, India, and South Korea are the major revenue contributors to the fastest growing APAC market. Being the largest manufacturer and supplier of magnesia, bauxite, brown fused alumina, graphite, and silicon carbide, China dominates the APAC refractory market. Moreover, with the strong presence of well-established end-use industries like iron, steel, glass, aluminum, and cement in China, the
Overview of the global aluminum plates and sheet coils market
Technavio’s market research analyst predicts the global aluminum plates and sheet coils market to grow at a CAGR of more than 3% by 2020. Favorable properties like light weight, resistance to corrosion, and high conductivity have led several automotive companies to replace the use of iron and steel with non-ferrous materials such as aluminum in their auto components. The noticeable shift towards lighter vehicles is a major factor prompting such replacement, specifically the growing use of flat aluminum products in vehicles. The construction industry is another major consumer of aluminum plates and sheet coils as they provide maximum energy-efficiency in constructing sustainable buildings, and are easily recyclable. Moreover, the use of recycled aluminum composite panels in buildings is expected to rise during the forecast period, which, in turn, will be a major factor contributing to the overall market’s growth.
One of the latest trends being observed in this market are the rapid innovations in aluminum composite panel applications. Nano aluminum composite panels are the recent development in the market. These panels are coated with nanomaterial films, which are not only resistant to adverse weather conditions but also repel airborne pollutants. Also, they panels do not retain dust and do not require specific cleaning. The demand for nano aluminum composite panels will increase considerably during the forecast period as they reduce the overall maintenance expenses and have a longer lifespan. Nanocoatings also help aid in retaining gloss and color for extended periods as these are resilient to harmful effects of
Global market overview for automotive lightweight materials
In terms of revenue, the global automotive lightweight materials market is envisaged to grow at a CAGR of almost 9% by 2020. The growth prospects for this market are affected by the recent increase in automotive regulatory requirements. It has been noted by Technavio’s market research analyst that the number of laws and regulation pertaining to the reduction of emission of carbon dioxide from automobiles is on the rise. The Kyoto protocol restricts the emission of carbon dioxide and other greenhouse gasses into the atmosphere. With emission norms becoming stricter every passing day, there is a rise in the demand for lightweight materials as it helps to boost efficiency. The application of lightweight materials in automobile components can help to achieve the necessary emission requirements and increase vehicular efficiency.
In terms of geography, it has been noted that APAC dominates this market and is estimated to further enhance its hold over the market by the end of 2020. The automotive lightweight materials market in APAC is forecasted to increase due to an increase in the production of automobiles and a subsequent rise in the demand for fuel efficient vehicles from APAC. It is the only geography to witness an increase in its market share. Furthermore, with the presence of key global automakers, such as Toyota, Suzuki, Honda, Nissan, Suzuki, Mazda, Mitsubishi (Japan), Dongfeng, Changan, Geely (China), Tata, Mahindra and Mahindra (India), and Hyundai (South Korea), this region is envisaged to witness strong growth over the next few years.
Competitive landscape and key vendors
This market fragmented in nature as it is characterized by the presence of
Overview of the global stainless steel market
Technavio’s market research analyst predicts the global stainless steel market to grow at a CAGR of more than 5% by 2020. Stainless steel is used across many industries including metal products, mechanical engineering, construction, motor vehicles and parts, electrical machinery, and transport. It is rust-resistant, can be easily sterilized, and is considered ideal for daily use products. Countries like India and China are increasing the use of scrap steel to reduce their carbon footprint. Scrap recycling improves the industry's economic viability and reduces environmental impact by eliminating the need for iron ore extraction for steel production. Owing to the several advantages the steel scrap offers such as carbon dioxide emissions reduction, energy and water conservation, and also decrease in air pollution, it has become a preferred raw material for steel manufacturers. The growing concern for global warming by the steel industry will drive the growth of the global stainless steel market during the coming years.
APAC will continue to dominate the stainless steel market and is anticipated to occupy more than 70% of the overall market revenue by 2020. Much of the region’s growth comes from China, which is the largest producer and consumer of stainless steel worldwide. The demand for stainless steel in APAC is driven by metal goods, especially kitchen utensils and growing application in pre-engineering buildings. Factors such as the rapid
The metals, minerals, and materials industry consists of enterprises engaged in producing all types of metals, like precious metals, base metals, minor metals, and rare earth metals; minerals, like metallic minerals, fuel minerals, and industrial minerals; and materials, like automotive materials, construction materials, specialty materials, and industrial materials.