Sheet Metal Market Size Worth $371.8 Billion by 2025 | CAGR

5.0%: Grand View Research, Inc. - Seite 2

Sheet metal is one of the most versatile and eco-friendly materials. In the recent years, sheet metal manufacturing has witnessed technological advancements, thereby leading to less consumption of energy. The products manufactured using sheet metal require less maintenance, which is another factor contributing to the sheet metal market growth. Roofs and sidings in construction sector made from sheet metal require less maintenance and can last for 40 to 60 years without any need for replacement.

Aluminum is likely to remain a key material in sheet metal industry. Aluminum is lighter in weight as compared to steel and helps improve the fuel efficiency of vehicles. Various governments around the world have established stringent regulations for automakers to reduce the impact on the environment owing to greenhouse gas emissions. Regulations regarding emission reduction and improvement in fuel efficiency are likely to contribute to the rising demand for aluminum sheets over the forecast period.

Volatility in primary raw material prices, especially in the case of aluminum and steel, is expected to continue over the forecast period. In addition, protectionist trade policy adopted by the U.S. is likely to further affect the price dynamics over the predicted timeline.

Variation in prices of primary steel and aluminum is largely owing to changes in China's environmental policy. Since China is the largest producer and consumer of steel and aluminum products, any deviation in the consumption trends of China affects the global industry. The Chinese Ministry of Ecology and Environment, in June 2018, launched a three year action plan (2020 action plan) to curb pollution in the country.

Other materials, such as tin, copper, and titanium, are also projected to remain key materials in sheet metal industry. Tin sheets, which are manufactured using tin and other alloying materials such as copper, nickel, lead, and zinc, are also projected to witness a rise in demand. Expansion of construction, aerospace, electronics, telecommunications, and manufacturing industries is projected to favorably impact the demand for tin sheets.

Grand View Research has segmented the global sheet metal market based on material, end use, and region:

• Sheet Metal Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Steel
• Aluminum
• Others
• Sheet Metal End-Use Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Automotive & Transportation
• Building & Construction
• Industrial Machinery
• Others
• Sheet Metal Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• Japan
• China
• India
• Central and South America
• Brazil
• Middle East & Africa

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