Sheet Metal Market

Sheet Metal Industry Is Projected To Expand At A Healthy CAGR Of 5% Over The 2021 To 2031

Key Takeaways

– Steel based sheet metal to create absolute $ opportunity of US$ 107 Bn by 2031 – Aluminum based sheet metal to surge at a CAGR of 5% over the forecast period – Automotive industry poised to account for over 25% of the revenue share – Sheet metal for construction applications to account for 55% of the overall revenue – North America to experience a growth of nearly 5% across the forecast period

Key Companies

– Alcoa Corporation – ArcelorMittal S.A – Arconic Corporation – Hindalco Industries Limited – JFE Steel Corporation – Nippon Steel & Sumitomo Metal Corporation – Nucor Corporation – POSCO

Analyst View

“Mounting emissions concerns is prompting automotive manufacturers to incorporate lightweight construction material for various components, impelling sales of sheet metals of various grades”, says the Fact.MR analyst.

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