The global base metals market size is expected to witness potential gains in the future, and register a significant CAGR of 5.0% over the forecast period (2019 - 2027).

Market Overview

Base metals are common metals that are inexpensive and are widely used in commercial and industrial applications such as construction and manufacturing. The most common base metals include, iron, copper, lead, nickel, zinc, tin, and aluminum. Base metals are often known as the building blocks of infrastructure. Copper is commonly used in electrical wiring because of its high ductility and conductivity. Lead is used as a dependable source for batteries, zinc is used to coat galvanized steel, and nickel is used to strengthen and harden metal alloys. Iron is the most widely used of all the metals. Aluminum majorly finds application in the food and beverages industry.

Market Dynamics

Significant demand for iron, copper, aluminum, and alloys such as steel in the end-use industries such as construction, ship building, food and beverages, glass, paints and coatings, and others is expected to contribute to the market size. Iron is used in the construction of machinery and machine tools, rails, automobiles, ship hulls, concrete reinforcing bars, and the load-carrying framework of buildings. Aluminum is used to make foils that are used in the food and beverages industry to manufacture cans. It is also used in production of automobiles, marine vessels, aircrafts, and building construction materials.

However, increasing emission of greenhouse gases during processing of base metals and manufacturing of products using base metals is expected to restrict the market growth to certain extent. This is majorly attributed to increasing regulations imposed by several governments to mitigate the impact of global warming on the environment. The emission of greenhouse gases is a result of electrical consumption of the smelters and the byproducts of processing. Release of sulfur dioxide in such process can lead to acid rain. Accumulation of lead in soils can inhibit plant growth and survival and also have adverse effects on the food chain as lead exhibits toxicity.

Increasing adopting of nanotechnology is various fields such as healthcare and robotics is expected to boost growth of the market. Key players in the market can focus on adopting strategies such as collaboration and partnerships with healthcare, robotics, and other such sectors that use the emerging nanotechnology, in order to enhance their market share. Titanium dioxide nanoparticles are widely used in electronics and the delivery of pharmaceuticals and cosmetics.

Market Outlook

Asia Pacific is expected to be the fastest growing market in the global base metals market. This is attributed to significant growth in the construction industry in economies such as India and China. China is the largest zinc producer followed by Australia, Peru, the U.S. and India. Latin America is the largest copper producing region, while Asia Pacific is the largest consumer.

Key Players

Some of the key players operating in the global base metals market include, McMoRan Copper and Gold, Rio Tinto, Teck Resources, and Nyrstar.


Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users