Global Metal Manufacturing Market Briefing 2017-2022 - Market is Expected to Reach Around $4000 Billion in 2020 - Research and Markets

The global metal manufacturing market is expected to reach around $4000 billion in 2020 Going forward, the market is expected to stabilize due to recovery in developed economies and accelerating growth in emerging and developing markets such as Russia, China, Brazil and India. The metals manufacturing industry comprises iron and steel foundries, alumina and aluminum production and processing establishments, iron and steel products manufacturing and iron and steel mills and ferroalloy manufacturing companies. The metals manufacturing industry can be further classified as follows: Foundries, Nonferrous Metal Production and Processing, Alumina and Aluminum Production and Processing, Steel Product Manufacturing From Purchased Steel, and Iron And Steel Mills And Ferroalloy Manufacturing. Asia Pacific was the largest region in the metal manufacturing market in 2016, accounting for around 60% of the market. This was mainly due to a large manufacturing industry in the region, especially for automobiles, telecom, machinery, and transportation. Western Europe was the second largest region accounting for around 10% of the market. North America was the third largest region accounting for around 9% of the market.