Non-Ferrous Metal Market: By Type (Aluminium, Copper, Lead, Magnesium, Tin, Nickel, Titanium, Zinc, Precious Metals, Rare Earth Metals), By Process Type (Smelting and Refining, Rolling, Drawing, Extruding, Alloying, Others), By Application (Automobile, Electronics, Construction, Aerospace & Defence, Energy, Packaging, Consumer Goods and Home Appliances, Others), and Geography

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Non-Ferrous Metals Market size was valued at USD 1,410.3 Billion in 2022 and is poised to grow at a CAGR of 7.3% from 2023-2029. Non-ferrous metals are metals that do not contain iron and are resistant to corrosion, non-magnetic, high conductivity, and low weight. Non-ferrous metals include aluminium, brass, copper, lead, nickel, zinc, etc. They are majorly used in the automotive, aerospace, and electronic industries. Based on the type, Copper is the most commonly used non-ferrous metal which is often used in electrical wiring owing to its ductility and high conductivity. According to Copper Development Association, Inc., copper has 93% of the total building wire market in the USA and is driving the non-ferrous metal market. Moreover, the application of non-ferrous metals in roofing, siding, window frames, and gutters owing to their soundproof panels and waterproof sealant quality has created an opportunity for the expansion of the market. Owing to the development in industries, like the telecommunication and ITU sectors, and the need for high-grade materials for the production of electronic devices and components, the electronic power industry also contributed significantly to the overall market. But the shifting consumer preferences in the wake of a predicted economic downturn changes to industrial regulations to reflect escalating environmental concerns, significant swings in raw material prices brought on by ongoing geopolitical tensions, and anticipated economic turbulences are expected to hamper the market. However, the increasing demand from end-use industries, growing urbanization, and industrialization along with technological advancements for more efficient and less energy consumption as compared to the ferrous metal market is expected to fuel the growth of the non-ferrous metal market over the next few years.

Non-Ferrous Metal Market Key Developments:

  • In September 2022, Marubeni Metals and Minerals, a wholly owned subsidiary of Marubani Corporation acquired a 19.99% stake in Valhalla Metals Inc, a Canadian exploration company by subscribing to a third-party allotment of new shares.
  • In April 2022, Tata Steel Mining completely acquired a 10% equity stake in Rohit Ferro-Tech (RFT) for Rs 20 crore.

Non-Ferrous Metal Market Summary

Study Period


Base Year




Largest Market

North America

Fastest Growing Market

Asia Pacific
Non-Ferrous Metal Market Dynamics

The market is expected to surge over the forecast period due to increased application of Aluminium for the Aircraft and Aerospace industry. Aluminium parts are lightweight, durable, strong, and extremely flexible-proving to be the best material used for the construction of heavier-than-aircraft. 80 percent of all airplane parts today are made of aluminium weight-wise. Aluminium is used to construct the fuselage, wings, rudder, doors, flooring, seat frames, fuel nozzles, hydraulic systems, ball bearings, and engine turbines thus leading to surge in demand in market. For instance, in April 2023, Airbus began producing metal cuts for the A350F freighter that are extremely strengthened and made of a tough alloy of aluminium and lithium to endure the enormous weights on the cabin floor beams.

Key Features of the Reports

  • The non-ferrous metal market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Non-Ferrous Metal Market Segmentation

By Type
  • Aluminium
  • Copper
  • Lead
  • Magnesium
  • Tin
  • Nickel
  • Titanium
  • Zinc
  • Precious Metals
  • Rare Earth Metals
By Process Type
  • Smelting and Refining
  • Rolling
  • Drawing
  • Extruding
  • Alloying
  • Others
By Application
  • Automobile
  • Electronics
  • Construction
  • Aerospace & Defence
  • Energy
  • Packaging
  • Consumer Goods and Home Appliances
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA
  • Rest of MEA

Frequently Asked Questions

The non-ferrous metal market was valued at USD 1,410.3 Billion in 2022 and is expected to grow at 7.3 % CAGR over the forecast period 2023 – 2029.

The development in telecommunication and ITU sectors, and the need for high-grade materials for the production of electronic devices and components, in the electronic power industry, are key opportunities for companies to enhance their revenue over the forecast years.

North America is the region that dominates the non-ferrous metal market.

Anglo American, IWG Copper, Alcoa, Glencore, BHP Billiton, RUSAL, Revere Copper, Hussey Copper, Tata Steel, Reliance Corporation, Bonnell Aluminum, Schupan, Hpplgroup, HMS Metal Corporation, Nicomet and Hindustan Copper Ltd are a few companies operating in non-ferrous metal market.

  • Anglo American
  • IWG Copper
  • Alcoa
  • Glencore
  • BHP Billiton
  • Revere Copper
  • Hussey Copper
  • Tata Steel
  • Reliance Corporation
  • Bonnell Aluminum
  • Schupan
  • Hpplgroup
  • HMS Metal Corporation
  • Nicomet
  • Hindustan Copper Ltd