India Non-Ferrous Metals Market to Grow at a CAGR of 5.50% during 2024-2032

India Non-Ferrous Metals Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 5.50% (2024-2032)

The increasing employment of non-ferrous metals, particularly aluminum and copper, in the automotive sector owing to their lightweight and high-strength properties is strengthening the market growth in the country. According to the latest report by IMARC Group, The India non-ferrous metals market size is projected to exhibit a growth rate (CAGR) of 5.50% during 2024-2032.

India Non-Ferrous Metals Industry Trends and Drivers:

The rising development of industrial corridors and massive investments in railways and highways are driving the demand for non-ferrous metals, particularly aluminum and copper, in India. These metals are crucial for constructing modern infrastructure due to their properties, such as corrosion resistance and excellent conductivity. The rising investments in planned infrastructural projects are increasing the usage of non-ferrous metals. Moreover, the growing adoption of advanced mining and smelting technologies is improving the efficiency and output of non-ferrous metal production. Innovations in recycling technologies are enabling the industry to meet environmental standards and reduce raw material dependence. Enhanced production capabilities, coupled with technological innovations, ensure a steady supply of high-quality non-ferrous metals.

Apart from this, The rising production of electric vehicles (EVs) is further catalyzing the demand for these metals, as they are integral to battery manufacturing and electrical components. Government policies encouraging EV adoption and the shift of the automotive industry towards more fuel-efficient and eco-friendly vehicles are leading to the usage of non-ferrous metals. In addition, investments in research and development (R&D) are resulting in the advancement of the non-ferrous metals market in India. Focused R&D efforts are leading to the development of new alloys and metal composites with enhanced properties, catering to diverse industrial applications. Moreover, advancements in metallurgical processes improve production efficiency and cost-effectiveness.  Besides this, the growing reliance on non-ferrous metals, particularly aluminum, in the packaging industry is offering a favorable market outlook. The properties of aluminum, such as its lightweight, recyclability, and corrosion resistance, make it an ideal material for packaging applications, including food and beverages, pharmaceuticals, and personal care products. The shift towards sustainable and environment-friendly packaging solutions is catalyzing the demand for non-ferrous metals.

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India Non-Ferrous Metals Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

• Aluminum

• Copper

• Lead

• Tin

• Nickel

• Titanium

• Zinc

• Others

Application Insights:

• Automobile Industry

• Electronic Power Industry

• Construction Industry

• Others 

Regional Insights:

• North India 

• West and Central India 

• South India 

• East and Northeast India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• COVID-19 Impact on the Market

• Porter’s Five Forces Analysis

• Strategic Recommendations

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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