Nonferrous Metal Refining in the US - Industry Market Research Report
Description
Nonferrous Metal Refining in the US
Nonferrous metal refining is highly globalized and closely linked to activity in the construction and manufacturing sectors, along with being heavily influenced by fluctuations in the price of copper and other nonferrous metals, which often reflect cyclical changes in both domestic and global demand. Despite fluctuating demand from downstream markets, the price of copper and nonferrous metals benefited from significant increases for the majority of the five years to 2023, which has benefited the industry as nonferrous metal refiners increased selling prices. Nonferrous metal refining revenue has been expanding at a CAGR of 2.7% over the past five years and is expected to total $16.8 billion in 2023, when revenue will fall by an estimated 4.8%. Similarly, the average industry profit margin will also rise as nonferrous metal refiners implement cost-saving strategies.
Companies in this industry smelt or refine nonferrous metals other than aluminum (IBISWorld report 33131). The smelting or refining process includes the use of both electrolytic and traditional furnace-based procedures. Some operators may provide their services on a fee-for-service basis, more commonly known as toll refining. This industry does not include secondary smelting or refining (IBISWorld reports 33142 and 33149).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Nonferrous metal refining is highly globalized and closely linked to activity in the construction and manufacturing sectors, along with being heavily influenced by fluctuations in the price of copper and other nonferrous metals, which often reflect cyclical changes in both domestic and global demand. Despite fluctuating demand from downstream markets, the price of copper and nonferrous metals benefited from significant increases for the majority of the five years to 2023, which has benefited the industry as nonferrous metal refiners increased selling prices. Nonferrous metal refining revenue has been expanding at a CAGR of 2.7% over the past five years and is expected to total $16.8 billion in 2023, when revenue will fall by an estimated 4.8%. Similarly, the average industry profit margin will also rise as nonferrous metal refiners implement cost-saving strategies.
Companies in this industry smelt or refine nonferrous metals other than aluminum (IBISWorld report 33131). The smelting or refining process includes the use of both electrolytic and traditional furnace-based procedures. Some operators may provide their services on a fee-for-service basis, more commonly known as toll refining. This industry does not include secondary smelting or refining (IBISWorld reports 33142 and 33149).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
41 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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