The metal industry plays a crucial role in the global economy because of its involvement in several end- user industries such as agriculture, electronics, chemical, automobiles, engineering and others. Metallic materials are broadly segmented into ferrous metals and nonferrous metals. Ferrous metals such as stainless steel, carbon steel, cast iron, mild steel and wrought iron, contain a large amount of iron as a base metal. Nonferrous metals include all other metals such as copper, lead, aluminium, nickel, zinc, brass, tin, tungsten, gold, platinum, silver and others. Metallic materials have several applications such as metallic pigments, metal packaging, metal oxide varistors, etc.
Metallic pigments are used in printing inks, paintings & coatings and plastics. They provide corrosion resistance, ductility and opacity along with shiny and glossy effects to a product. The metallic pigments market is primarily driven by increasing demand for metal paints especially from automotive industry. Aluminium holds the largest market segment, followed by copper. Zinc, chromium and stainless steel and other metals preferred for metallic paints and coatings.
Factors such as rise in packaged food intake, increasing beverage consumption, growing trend towards ‘on-the-go’ lifestyle due to time crunch and use of canned fruits and vegetables are boosting the market for metal packaging. Metal packaging offers high-speed filling & packaging, glossy aesthetics, shelf stability, nutrition preservation and excellent printability. Metal cans, aerosols, tubes, caps & closure, trays & foils, lids, drums and pails are some of the products manufactured by metal packaging industry. Steel, tin, aluminium and iron are the major metals used for metal packaging.
Metals, due to their conductive nature, are used in several electronic components. Metal oxide varistor (MOV) is an emerging alternative to laser diodes, as it provides high energy conductivity at low cost. Other factors fuelling the global MOV market are mass production of electronic devices, large scale industrialization and increased usage of electronics in defence and aerospace.
ASDReport.com has an extensive collection of reports on metallic materials market. The reports cover various topics and products related to metallic materials like alloy wheels, magnesium, titanium, zirconium, cadmium and much more.