This report provides a quantitative analysis of the current trends and estimations from 2017 to 2023 of the global ore metals market to identify prevailing market opportunities.
Portland, OR -- (SBWIRE) -- 11/24/2017 -- Ore metals are metals derived from mineral aggregates known as metal ores. Most metal ores contain more than one metal. These metals are extracted together from ores and are separated during the production procedure.
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Ore metals are widely utilized in various industries that include mechanical engineering, transport, building & construction, consumer goods, and more. Iron metal is a key ingredient utilized for steel production that increases the demand for steel. Key players in the industry are investing in R&D activities to increase the production process efficiency.
Increasing infrastructure investments, rising power production, and the growing automotive sector are major factors that drive the market growth. Policy support such as reduced custom duty and increasing foreign direct investments in emerging economies such as India are other factors that will supplement the market growth. However, increasing prices and limited availability of ore metals can hinder the market growth. Nevertheless, untapped markets with strong growth potential in emerging economies, product line expansion by existing players, and technological advancements in production procedures will provide potential opportunities for the ore metals market expansion.
The report segments the ore metals market on the basis of type and application. Based on type, the market is bifurcated into ferrous ore metals and non-ferrous ore metals. Ferrous ore metals are further segmented into high grade iron, medium grade iron, and low grade iron. Non-ferrous ore metals comprise copper, nickel, lead, zinc, tin, aluminum, gold, and others. On the basis of application, the market is segmented into transport, building & construction, packaging, machinery & equipment, consumer good, and others. The transport segment is further divided into aerospace & aviation, automotive, and ship-building.
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Comprehensive competitive analysis and profiles of major market players provided in the report include:
Aluminium Corporation of China Limited
BC Iron Limited.
Corporacin Nacional del Cobre de Chile (Codelco)
Impala Platinum Holdings Limited
MMC Norilsk Nickel
Rio Tinto Alcan Inc.
United Company RUSAL Plc
Yunnan Tin Group
Ore Metals Market Key Segments:
Ferrous Ore Metals
- High Grade Iron
- Medium Grade Iron
- Low Grade Iron
Non-Ferrous Ore Metals
- Building & Construction
- Machinery & Equipment
- Consumer Goods
- North America