Global Sheet Metal supply-demand continues to be impacted by broader developments in the chemicals sector. The new Sheet Metal market research report outlines the key factors that will impact production, supply, and demand during the assessment period (Insert forecast period).
The study tracks Sheet Metal demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and Sheet Metal in particular.
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How will Sheet Metal Sales Grow in 2024 and Beyond
The Sheet Metal industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.
Overall, demand for Sheet Metal will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2024 with sales expected to be in the range of 15.5 million to 16 million.
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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.
The European chemical sector is also set to recover in 2024, after contracting by 2% in 2024. Recovery is likely to be sustained with a growth of 2% also expected in 2024.
Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2024, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
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Key Sheet Metal Market Segments
By materials, the key segments include,
- Steel
- Aluminum
- Titanium
By application, the key segments include
- Vehicle Bodies
- Construction
- Electrical Appliances
- Fuselage
- Storage and Packaging
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Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading Sheet Metal companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use. Some of the leading companies in the Sheet Metal Market include ArcelorMittal S.A., Arconic, Hindalco, JFE Steel Corporation
Key Regions Analyzed
- North America
- Latin America
- Europe
- Asia-Pacific
- Middle East & Africa
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Key Country-wise Inclusions
- US Sheet Metal Market
- Canada Sheet Metal Sales
- Germany Sheet Metal Production
- UK Sheet Metal Industry
- France Sheet Metal Market
- Spain Sheet Metal Supply-Demand
- Italy Sheet Metal Outlook
- Russia & CIS Market Analysis
- China Sheet Metal Market Intelligence
- India Sheet Metal Demand Assessment
- Japan Sheet Metal Supply Assessment
- ASEAN Sheet Metal Market Scenario
- Brazil Sheet Metal Sales Analysis
- Mexico Sheet Metal Sales Intelligence
- GCC Sheet Metal Market Assessment
- South Africa Sheet Metal Market Outlook
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