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Rising Popularity of Electric Vehicles Would Drive Global Nickel Market

Date: 24, November 2020 | Category: Metal & Mining

The global nickel production volume is estimated to reach 2.76 million tons in 2024, growing at a CAGR of 2.92% for the period spanning from 2020 to 2024. The factors such as increasing per capita disposable income, rising demand for stainless steel, increasing demand for nickel in batteries and high demand in transportation sector are expected to drive the market. However, growth of the indust ..

Expansion of Primary Aluminum Smelter Capacity to Drive Global Aluminum Market

Date: 30, October 2020 | Category: Metal & Mining

The global aluminum market is forecasted to reach US$176.96 billion in 2024, growing at a CAGR of 4.82% for the period spanning 2020-2024. The factors such as accelerating industrialization, rapid urbanization, increased flat-rolled aluminum products demand, high focus on recycled aluminum and expansion of primary aluminum smelter capacity are expected to drive the market. However, growth ..

Rising Demand for Plastic Products to Drive Growth of Global PIMM Market

Date: 19, October 2020 | Category: Metal & Mining

The global PIMM market is expected to reach US$10.87 billion in 2024, at a CAGR of 2.60%, for the duration spanning 2020-2024. The factor such as growing production of motor vehicles, rising demand for plastic packaging, increase in polyethylene (PE) production capacity, rapid urbanization, accelerating manufacturing of electrical and electronic products and growing uses of plastic in medical i ..

Growing Infrastructural Development to Drive the Global Steel Industry

Date: 30, September 2020 | Category: Metal & Mining

The global steel production volume is estimated to reach 2175 million tonnes in 2024, growing at a CAGR of 4.50% for the period spanning from 2020 to 2024. The factors such as rising population growth, growing urban population, growing automobile sector, growing spending on construction and infrastructure projects and growing demand for long steel are expected to drive the market. However, grow ..

Emergence of Hybrid Technology to Drive Global Machine Tools Market

Date: 30, June 2020 | Category: Metal & Mining

The global machine tool market is forecasted to reach US$67.9 billion in 2024, growing at a CAGR of 6.06% for the period spanning 2020-2024. The factors such as accelerating industrialization, increasing shipments of 5G smartphones, rapid urbanization, increasing electric vehicle deployment and improving consumer confidence are expected to drive the market. However, growth of the industry would ..

Growing Popularity of DIY Trend Driving Global Power Tools Market

Date: 24, June 2020 | Category: Metal & Mining

The global power tools market is estimated to reach US$57.4 billion in 2024, growing at a CAGR of 5.18% for the period spanning from 2020 to 2024. The factors such as increasing per capita disposable income, growing urban population, growing spending on construction and infrastructure projects, growing adoption of cordless power tools, growing automotive industry and rising remodeling and renov ..

Growing Adoption of Electric Vehicles Support the Global Copper Foil Market

Date: 16, June 2020 | Category: Metal & Mining

The global copper foil market is estimated to reach US$15.24 billion in 2024, growing at a CAGR of 10.78% for the period spanning 2020-2024. The growth of the market has been driven by a rising demand for consumer electronics, rising urbanization, surge in automotive production, growing adoption of electric vehicles and accelerating economic growth. Some of the noteworthy trends of the market i ..