Metal And Mineral Manufacturing Market Global Briefing 2018

Metal And Mineral Manufacturing Market Global Briefing 2018

  • January 2018 •
  • 41 pages •
  • Report ID: 4897307 •
  • Format: PDF
The metal and mineral manufacturing industry comprise organizations engaged in refining, smelting ferrous and nonferrous metals from ore, pig or scrap, using electrometallurgical techniques. This industry also includes the production of metal alloys, super alloys and minerals.

Asia Pacific was the largest region in the metal and mineral manufacturing market in 2017, accounting for around 56% market share. North America was the second largest region accounting for around 13% market share. Eastern Europe was the smallest region accounting for around 4% market share.

Metal manufacturing companies are increasing R&D expenditure to launch new product lines. They are launching advanced products such as ultra-light alloys as opposed to commodities.

For instance, according to a report by KPMG in 2015, 32% of the metal manufacturing companies spend more than 6% of revenues on R&D and 70% of the companies are expected to invest on existing product lines. Thus, introduction of new product lines through increased R&D spend is a significant trend in the metal manufacturing industry.

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