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May 19, 2017 (M2 PRESSWIRE via COMTEX) --

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. The metal and mineral manufacturing industry can be further classified as follows -

The metal product manufacturing industry comprise establishments primarily engaged in screw, nut, bolt, spring, wire, boiler, tank, shipping, architectural, structural metal, cutlery, hand tool manufacturing. This industry also includes forging, stamping, coating, and engraving, heat treating and allied activities.

Metal manufacturing includes iron, steel and aluminum foundries. This industry also include companies engaged in nonferrous metal (except aluminum) smelting and refining, copper rolling, drawing, extruding, alloying, secondary smelting, refining, and alloying of nonferrous metal. Iron and steel pipe and tube manufacturing are also part of this industry

The mineral manufacturing industry comprise establishments engaged in abrasive products, cut stone, stone products, ground, lime, gypsum, cement, concrete, glass, mineral wool, flat glass, pottery, ceramics, and plumbing fixture manufacturing.

The market grew from $3.1 trillion in 2012 to $4.3 trillion in 2016 at a compound annual growth rate (CAGR) of 7.9%. The global market is expected to grow at a CAGR of 6.8% between 2016 and 2020 to reach $5.6 trillion in 2019.

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The key drivers of the forecast growth:

* Expanding Aerospace Market in the USA

* High Demand for Copper in China

* Introduction of New Products

Geographies covered in a descending order:

1. Asia

2. Europe

3. Americas

4. Middle East and Africa

5. Oceania

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Asia is the largest geographic market in the metal and mineral manufacturing market accounting for $2.4 trillion. In Asia, China is one of the major markets for metal companies. The demand from China for some metals including steel declined sharply in 2014 due to weakening of its real estate sector and a decrease in newly started construction.

Major competitors in the market:

1. Arcelor Mittal

2. Compagnie de Saint-Gobain

3. ThyssenKrupp

4. Nippon Steel & Sumitomo Metal

5. Rio Tinto

The major deal in the metal and mineral manufacturing market was executed by Lafarge which in July 2015 merged with Holcim to form LafargeHolcim with a market value exceeding $50 billion. LafargeHolcim is set to become the largest multinational cement manufacturing company operating in more than 60 countries worldwide.

The key strategy for the players in the metal and mineral manufacturing industry in the forecast period is to invest in advanced metal products as they are expected to be more profitable than commodity metals.

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