As per a report by 360 Market Updates, Non-Ferrous Metals Market is expected to Grow at a CAGR of 4.91% by the period 2016-2020.
The Non-Ferrous Metals Market research report covers the present scenario and the growth prospects of the global Non-Ferrous Metals industry for 2016-2020. Non-Ferrous Metals Market report focuses on the major drivers and restraints for the key players. Non-Ferrous Metals Industry research report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The Non-Ferrous Metals market research report is a professional and in-depth study on the current state of Non-Ferrous Metals Industry.
The commonly used non-ferrous metals are aluminum, copper, lead, tin, nickel, titanium, and zinc. Non-ferrous metals are used because they are non-magnetic and have properties such as light weight, high conductivity, malleability, and resistance to corrosion. Such metals are produced by primary as well as secondary production methods. Primary production refers to the extraction of the metal from its ores, while secondary production refers to the recycling of the metal from scraps.
Market Trend of Non-Ferrous Metals:
Demand for lightweight products
Increase in recycling rate of non-ferrous metals
Stringent government regulations
Use of zinc products for cathodic protection
Emerging applications of titanium