The Transition Metals Market Size was valued at USD 915.2 billion in 2022, and is expected to reach USD 1262.6 billion by 2030, and grow at a CAGR of 4.1% over the forecast period 2023-2030.
Any element in the d-block of the periodic table, which encompasses groups 3 through 12, is referred to as a "transition metal." An element that can form cations with an incomplete d-subshell on its atom is a transition metal, which has a partially filled d-subshell on its atom. Some of the transitional metals with widespread applications are iron, titanium, copper, nickel, manganese, cobalt, silver, mercury, and gold. These industries include the automotive, electronic, building & construction, paints & coatings, and others. The Earth's solid crust has the most iron, which ranks second among all metals and fourth among all elements in terms of the abundance of crystals (after aluminum). In comparison to alkali metals, transition metals are typically harder, less reactive, and denser.
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Drivers:
The steel business is expanding.
The market for hybrid vehicles is seeing increased demand.
A rise in infrastructure-related activity.
Restraints:
Domestic iron ore shortage and ineffective pricing.
Opportunity:
The steel business is expanding.
The COVID 19 has had a variety of effects on the metal industry globally. Numerous businesses have had operational problems as a result of isolated outbreaks and lockdowns. The demand for several commodities has decreased, and it is expected to get considerably worse in the near future.
Additionally, it is anticipated that the disruption to China's economy brought on by COVID-19 alone will have a considerable effect on the economies of many other nations across the world. Gold has been a notable exception to this pattern because it normally benefits from greater levels of uncertainty. As the nation recovers from the COVID 19 catastrophe, China's industrial, metal, and mining sectors are set to start up again.
By Type Metal:
Iron is the most prevalent transition metal in the solid crust of the Earth, hence the iron market is predicted to grow significantly over the coming years.
Electric cables frequently contain copper because it is an excellent conductor of electricity. Because it is flexible and does not react with water, it is often used to make water pipes.
Titanium: Titanium is anticipated to expand at a consistent rate during the assessment period and is anticipated to increase demand for transitional metals in the years to come.
Nickel: The transition metals market is anticipated to grow due to rising demand for nickel in the automotive industry. Due to its use in hybrid car batteries such nickel-metal hydride batteries and rechargeable nickel-cadmium, the demand for nickel is rising.
Others: The others category covers a variety of elements from the d- and f-blocks of the periodic table, such as cobalt, zinc, manganese, chromium, and palladium.
By End Use:
Building & Building: The expansion of the construction industry is the main factor driving the market for transitional metals. Rising infrastructure projects and more housing are the results of rapid urbanisation and population growth. Automotive: In the automotive industry, transition metals are essential components of cars and other metal parts. A major driver of the transition metal market in the automotive sector is the rising need for these materials in batteries, body constructions, panels, etc.
Electronics: During the assessment period, it is anticipated that the electronics industry would expand by about 6%. Because of its great tensile strength, malleability, ductility, and electrical conductivity, copper is a common material for electrical wire in the electronics industry.
Paints and Coatings: The transition metal ion catalyses the cross-linking of the polymer chains to create a tough surface film to the paint.
By Type:
Iron
Copper
Cobalt
Nickel
Titanium
Others
By End User:
Construction & Building
Marine
Automotive
Electronics
Paints and Coatings
Consumer Products
Others
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North America: North America is anticipated to dominate the transition metals market as a result of the region's rapid expansion in the manufacturing, mining, and construction industries. The major businesses operating in the US and Canada are anticipated to boost their mining and R&D spending, which will fuel demand for transition metals in this area.
Europe: In the future years, the rise of the automotive and electronics sectors in Europe is anticipated to drive the market for transition metals. Europe is one of the world's top makers of automobiles, and this industry represents the greatest private investor in R&D.
Asia-Pacific: China's expanding automobile and electronics industries are the region's biggest source of metal production internationally. increasing demand for iron, titanium, silver, and gold on a worldwide scale
Latin America: Due to the region's abundance of metal ores, such as iron ore, copper, nickel, titanium, and cobalt, Latin America is predicted to have consistent expansion during the assessment period and will increase demand for transition metals in the near future.
Middle East & Africa: During the projected period, it is anticipated that expanding infrastructure projects and construction activities in the Middle East & Africa would present a lucrative opportunity for the growth of the transition metals market.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Fortescue Metals Group Limited(Australia)
Transition Metals Corp (Canada)
Norilsk Nickel (Russia)
Vedanta Resources plc (Canada)
KGHM Polska Miedź S.A.(Poland)
Vale S.A. (Brazil)
Tshingshan Group (China)
Rio Tinto Group (UK)
Teck Resources Limited (Canada)
Metallurgical Products India Ltd (India)
Rhenium Alloys (US)
Samancor Chrome (South Africa).
| Report Attributes | Details |
|---|---|
| Market Size in 2021 | US$ 915.2 Billion |
| Market Size by 2028 | US$ 1262.6 Billion |
| CAGR | CAGR of 4.1% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Iron, Copper, Cobalt, Nickel, Titanium, Others) • By End User (Construction & Building, Marine, Automotive, Electronics, Paints and Coatings, Consumer Products, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Reliance Steel & Aluminum Co (US), Fortescue Metals Group Limited(Australia), Transition Metals Corp (Canada), Norilsk Nickel (Russia), Vedanta Resources plc (Canada), KGHM Polska Miedź S.A.(Poland), Vale S.A. (Brazil), Tshingshan Group (China), Rio Tinto Group (UK) , Teck Resources Limited (Canada), Metallurgical Products India Ltd (India), Rhenium Alloys (US), Samancor Chrome (South Africa) |
| Key Drivers | • The steel business is expanding. • The market for hybrid vehicles is seeing increased demand. |
| RESTRAINTS | • Domestic iron ore shortage and ineffective pricing. |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Reliance Steel & Aluminum Co (US), Fortescue Metals Group Limited(Australia),Transition Metals Corp (Canada), Norilsk Nickel (Russia), Vedanta Resources plc (Canada), KGHM Polska Mied? S.A.(Poland), Vale S.A. (Brazil), Tshingshan Group (China), Rio Tinto Group (UK), Teck Resources Limited (Canada) are the major key players of Transition Metals Market
Ans: Domestic iron ore shortage and ineffective pricing are the restraints for Transition Metals Market.
Ans: The steel business is expanding, The market for hybrid vehicles is seeing increased demand and A rise in infrastructure-related activity are the drivers for Transition Metals Market.
Ans: Transition Metals Market Size was valued at USD 915.2 billion in 2022, and is expected to reach USD 1262.6 billion by 2030, and grow at a CAGR of 4.1% over the forecast period 2023-2030.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Transition Metals Market Segment, By Type
8.1 Iron
8.2 Copper
8.3 Cobalt
8.4 Nickel
8.5Titanium
8.6 Others
9.Transition Metals Market Segment, By End Use
9.1 Construction & Building
9.2 Marine
9.3 Automotive
9.4 Electronics
9.5 Paints and Coatings
9.6 Consumer Products
9.7 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profile
11.1 Reliance Steel & Aluminum Co (US)
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Fortescue Metals Group Limited(Australia)
11.3 Transition Metals Corp (Canada)
11.4 Norilsk Nickel (Russia)
11.5 Vedanta Resources plc (Canada)
11.6 KGHM Polska Miedź S.A.(Poland)
11.7 Vale S.A. (Brazil)
11.8 Tshingshan Group (China)
11.9 Rio Tinto Group (UK)
11.10 Teck Resources Limited (Canada)
11.11 Metallurgical Products India Ltd (India)
11.12 Rhenium Alloys (US)
11.13 Samancor Chrome (South Africa)
12.Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
13. Conclusion
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