Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Product Types (Single Crystals, Copper Alloys), By Material Types (Aluminium, Steel, Gold, Tin, Others), By Applications (Petroleum, Oil & Gas, Chemical, Marine, Others) And Competitive Landscape
Product Code: ETC056739 | Publication Date: May 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific (APAC) Ingots market is expected to register significant growth over the upcoming year on account of rapid urbanization, growing penetration of electronics and surging manufacturing of motor vehicles coupled with increasing investments in the infrastructure and construction sector both in commercial and residential construction applications, increasing requirement of machinery for heavy-duty operations by the government and private companies. Increasing growth of the industry alliances coupled with leading innovations and developments are further going to foster the industrial growth of Ingot in the Asia-Pacific region during the forecast period. The availability of cheap labor in high population countries such as China and India along with the easy availability of low-cost metal ores and their compounds for the manufacture of metal foams in China would further boost the growth in the market. Nevertheless, in 2020, Ingot demand dropped in the first few months in every country owing to the coronavirus pandemic as the Ingots market would experience a shortage from the supply side and the demand side. But demand is expected to pick up the normal pace at the end of 2021 with the gradual opening of markets that were under lockdown state to reduce the proliferation of coronavirus and continuance of daily activities shifting in the direction of maximum capacity deployment.
According to 6Wresearch, Asia Pacific (APAC) Ingots Market size is expected to witness substantial growth during 2021-2027. China and India are dominating the overall APAC Ingots market and this trend is expected to continue during the forecast period as well, owing to a larger consumer base available in the countries. However, Australia and Thailand are expected to register prominent growth in the upcoming years. With the rise in the electronic industries Asia Pacific region owing to the exponential growth in which India, China, and Japan are the leading revenue-generating countries. Asia Pacific market is expected to regain momentum by the first quarter of 2021 owing to the expanding automobile industries and rising infrastructure sector with technological advancements that will drive the Ingots market.
Based on the material types, Aluminum is the most used material in the production of ingots followed by steel, copper, and cobalt. Due to the high investments in sectors including manufacturing, electronics, energy & power, and mining having the high demand for the metal ores. The commercial & industrial sectors also another factor that witnessed the maximum deployment of Ingot during 2019, followed by the residential sector. With infrastructure projects worth $1.24 trillion such as Zhengzhou urban rail transit phase all project, char Dham highway project, Queensland infrastructure project and Yangon-Mandalay expressway (YME) project to be developed over the coming years. Rising the adoption of electric vehicles to enhance vehicle efficiency would result in rising demand for Ingot in the automotive industry during the forecast period. Additionally, the rising use of Scandium in Aerospace applications is anticipated to provide opportunities in the market.
The Asia-Pacific (APAC) Ingots market report thoroughly covers the market by product types, applications, material types and countries including Japan, China, India, Indonesia, Australia, Malaysia, Thailand, and the Rest of Asia-Pacific. The Ingots market outlook report provides an unbiased and detailed analysis of the on-going Asia-Pacific Ingots market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Asia Pacific (APAC) Ingots market is expected to register significant growth over the upcoming year on account of rapid urbanization, growing penetration of electronics and surging manufacturing of motor vehicles coupled with increasing investments in the infrastructure and construction sector both in commercial and residential construction applications, increasing requirement of machinery for heavy-duty operations by the government and private companies. Increasing growth of the industry alliances coupled with leading innovations and developments are further going to foster the industrial growth of Ingot in the Asia-Pacific region during the forecast period. The availability of cheap labor in high population countries such as China and India along with the easy availability of low-cost metal ores and their compounds for the manufacture of metal foams in China would further boost the growth in the market. Nevertheless, in 2020, Ingot demand dropped in the first few months in every country owing to the coronavirus pandemic as the Ingots market would experience a shortage from the supply side and the demand side. But demand is expected to pick up the normal pace at the end of 2021 with the gradual opening of markets that were under lockdown state to reduce the proliferation of coronavirus and continuance of daily activities shifting in the direction of maximum capacity deployment.
According to 6Wresearch, Asia Pacific (APAC) Ingots Market size is expected to witness substantial growth during 2021-2027. China and India are dominating the overall APAC Ingots market and this trend is expected to continue during the forecast period as well, owing to a larger consumer base available in the countries. However, Australia and Thailand are expected to register prominent growth in the upcoming years. With the rise in the electronic industries Asia Pacific region owing to the exponential growth in which India, China, and Japan are the leading revenue-generating countries. Asia Pacific market is expected to regain momentum by the first quarter of 2021 owing to the expanding automobile industries and rising infrastructure sector with technological advancements that will drive the Ingots market.
Based on the material types, Aluminum is the most used material in the production of ingots followed by steel, copper, and cobalt. Due to the high investments in sectors including manufacturing, electronics, energy & power, and mining having the high demand for the metal ores. The commercial & industrial sectors also another factor that witnessed the maximum deployment of Ingot during 2019, followed by the residential sector. With infrastructure projects worth $1.24 trillion such as Zhengzhou urban rail transit phase all project, char Dham highway project, Queensland infrastructure project and Yangon-Mandalay expressway (YME) project to be developed over the coming years. Rising the adoption of electric vehicles to enhance vehicle efficiency would result in rising demand for Ingot in the automotive industry during the forecast period. Additionally, the rising use of Scandium in Aerospace applications is anticipated to provide opportunities in the market.
The Asia-Pacific (APAC) Ingots market report thoroughly covers the market by product types, applications, material types and countries including Japan, China, India, Indonesia, Australia, Malaysia, Thailand, and the Rest of Asia-Pacific. The Ingots market outlook report provides an unbiased and detailed analysis of the on-going Asia-Pacific Ingots market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific (APAC) ingots market is growing due to growing demand for steels and other alloy materials in various industrial sectors. The increasing production of stainless steels and other alloy materials has led to an increased need for ingots. Additionally, the development of new applications such as renewable energy and transportation is also boosting the demand for ingots. Additionally, the primary drivers behind the growth of the ingot market are increasing production of stainless steels and alloy materials, rising demand from renewable energy and transport applications, and increasing use in construction and engineering industries. However, some restraints such as high investments in new manufacturing capacities by key players could restrain the growth of this market. Moreover, the demand for these metals is expected to grow due to increasing industrialization and modernization in countries such as China and India. In addition, the growing presence of steelmakers in Emerging Markets is also fuelling the demand for ingots. Further, some of the key drivers that are influencing the market are the increasing production of ferrous and non-ferrous metals, increased use of these metals across industries, growing investments in manufacturing facilities, and rising demand from utilities and other infrastructure sectors. The growth prospects for the ingots market are also supported by increasing investment in research & development (R&D) activities.
Markets Covered
The Ingots Market in Africa includes the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Ingots Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Ingots Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Ingots Market - Industry Life Cycle |
3.4 Asia Pacific Ingots Market - Porter's Five Forces |
3.5 Asia Pacific Ingots Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Ingots Market Revenues & Volume Share, By Product Types, 2020 & 2027F |
3.7 Asia Pacific Ingots Market Revenues & Volume Share, By Material Types, 2020 & 2027F |
3.8 Asia Pacific Ingots Market Revenues & Volume Share, By Applications, 2020 & 2027F |
4 Asia Pacific Ingots Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Ingots Market Trends |
6 Asia Pacific Ingots Market, 2017 - 2027 |
6.1 Asia Pacific Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
6.2 Asia Pacific Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
6.3 Asia Pacific Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
7 China Ingots Market, 2017 - 2027 |
7.1 China Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
7.2 China Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
7.3 China Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
8 India Ingots Market, 2017 - 2027 |
8.1 India Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
8.2 India Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
8.3 India Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
9 Japan Ingots Market, 2017 - 2027 |
9.1 Japan Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
9.2 Japan Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
9.3 Japan Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
10 Australia Ingots Market, 2017 - 2027 |
10.1 Australia Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
10.2 Australia Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
10.3 Australia Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
11 Indonesia Ingots Market, 2017 - 2027 |
11.1 Indonesia Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
11.2 Indonesia Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
11.3 Indonesia Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
12 Philippines Ingots Market, 2017 - 2027 |
12.1 Philippines Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
12.2 Philippines Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
12.3 Philippines Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
13 Thailand Ingots Market, 2017 - 2027 |
13.1 Thailand Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
13.2 Thailand Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
13.3 Thailand Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
14 Malaysia Ingots Market, 2017 - 2027 |
14.1 Malaysia Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
14.2 Malaysia Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
14.3 Malaysia Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
15 Singapore Ingots Market, 2017 - 2027 |
16 Rest of Asia Ingots Market, 2017 - 2027 |
16.1 Rest of Asia Ingots Market, Revenues & Volume, By Product Types, 2017 - 2027 |
16.2 Rest of Asia Ingots Market, Revenues & Volume, By Material Types, 2017 - 2027 |
16.3 Rest of Asia Ingots Market, Revenues & Volume, By Applications, 2017 - 2027 |
17 Asia Pacific Ingots Market Key Performance Indicators |
18 Asia Pacific Ingots Market - Opportunity Assessment |
18.1 Asia Pacific Ingots Market Opportunity Assessment, By Countries, 2020 & 2027F |
18.2 Asia Pacific Ingots Market Opportunity Assessment, By Product Types, 2020 & 2027F |
18.3 Asia Pacific Ingots Market Opportunity Assessment, By Material Types, 2020 & 2027F |
18.4 Asia Pacific Ingots Market Opportunity Assessment, By Applications, 2020 & 2027F |
19 Asia Pacific Ingots Market - Competitive Landscape |
19.1 Asia Pacific Ingots Market Revenue Share, By Companies, 2020 |
19.2 Asia Pacific Ingots Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |