Pedal to the metal: Industry revenue increases despite volatile metal prices

The Other Non-Ferrous Metal Production industry is expected to grow at a compound annual rate of 1.1% over the five-year period through 2018-19, with revenue of £1.7 billion expected to be recorded at the close of 2018-19. This moderate growth masks fluctuations in nickel and titanium prices, which have driven volatility in the industry over the past five years. Production of these two metals is expected to account for more than four-fifths of the industry's revenue. Nickel prices have fluctuated over the period, but are currently significantly lower than at the beginning of the period, while titanium prices peaked in 2011 and declined over much of the period.Nickel prices have plummeted over the past five years...read more.

Industry Statistics & Market Size
Revenue
£1.7bn
Annual Growth 14-19
1.1%
Forecast Growth 19-24
Profit
Employment
2,912
Businesses
74

Industry Threats & Opportunities

  • Volatile nickel and titanium prices have caused revenue to fluctuate over the past five years
  • Weak demand from motor vehicle manufacturing in 2018-19 is expected to weigh on the industry
  • Rising nickel prices should translate into increasing industry revenue over the next five years
  • Industry Report - Industry SWOT Analysis Chapter

    The industry is in the decline phase of its economic life cycle. Industry value added, which measures contribution to the wider economy, is set to fall at a compound annual rate of 1% over the 10 years through 2023-24. Meanwhile, the economy is expected to grow at a compound annual rate of 1.7% over the same period. Sharp falls in nickel and titanium prices in recent years have caused industry revenue to fluctuate over the past five years but this is expected to recover somewhat over the coming period as a result of improving demand. However, the number of firms engaged other non-ferrous metal production has plunged asa result of industry rationalisation and employment numbers have fallen consistently over the past decade...purchase to read more.

    Additional Insights for the Other Non-Ferrous Metal Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Other Non-Ferrous Metal Production Industry are

  • Ability to accommodate environmental requirements
  • Guaranteed supply of key inputs
  • Optimum capacity utilisation
  • IBISWorld analysts also discuss how external factors such as World price of nickel and Demand from aircraft, engine and parts manufacturing in the Other Non-Ferrous Metal Production industry impact industry performance..

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    What's in this report

    What is the Other Non-Ferrous Metal Production Industry?

    Firms in this industry produce non-ferrous metals other than aluminium, copper, lead, zinc and tin (and their alloys). The industry’s major products are nickel, titanium and their alloys.

    Industry Products
  • Titanium and titanium-based alloys
  • Nickel and nickel-based alloys
  • Other nonferrous metals
  • Industry Activities
  • Nickel production
  • Titanium production
  • Manganese production
  • Chrome production
  • Nickel, chrome and manganese alloy production
  • Semi-manufacturing metals
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of nickel
  • Demand from aircraft, engine and parts manufacturing
  • Demand from motor vehicle manufacturing
  • Industrial electricity prices

  • Current Performance
  • Nickel in a twist
  • Workforce cuts
  • Downstream markets
  • Domestic shortages
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream markets
  • Demand conditions
  • Table: Other Non-Ferrous Metal Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Other Non-Ferrous Metal Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Iron & Steel Manufacturing
  • Light Metal Casting
  • Aircraft, Engine & Parts Manufacturing

  • Key Selling Industries
  • Electricity Supply
  • Waste & Scrap Wholesaling

  • Products & Services
  • Titanium and titanium-based alloys
  • Nickel and nickel-based alloys
  • Other nonferrous metals
  • Chart: Other Non-Ferrous Metal Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Speciality steel producers
  • Aerospace manufacturers
  • Motor vehicle manufacturers
  • Plating service providers
  • Other
  • Welding consumable producers
  • Chart: Major Market Segmentation for the Other Non-Ferrous Metal Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Other Non-Ferrous Metal Production

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Other Non-Ferrous Metal Production Industry

  • Industry Globalization
    Precision Castparts Corporation, Vale Europe Limited,
  • Table: Precision Castparts Corporation - financial performance
  • Table: Vale Europe Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Other Non-Ferrous Metal Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Other Non-Ferrous Metal Production Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Alloy
  • A mixture of metals that has some of the properties of each component.
  • Non-Ferrous Metal
  • Ferrous indicates the presence of iron. Non-ferrous metals are those other than iron or alloys containing an appreciable amount of iron.
  • Stainless Steel
  • Also known as inox steel or inox, stainless steel is a steel alloy with a minimum 10.5% chromium content by mass.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Other Non-Ferrous Metal Production market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Other Non-Ferrous Metal Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Other Non-Ferrous Metal Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Other Non-Ferrous Metal Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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