Solid performance: Healthy global demand should stimulate moderate revenue growth

Over the five-year period through 2018-19, the Other Non-Ferrous Metal Production industry is expected to grow at a compound annual rate of 0.6%, with revenue estimated to reach £1.67 billion in the current year. This moderate growth conceals the fluctuations in nickel and titanium prices, which have driven revenue volatility in the industry over the past five years. Production of these two metals is expected to account for more than three-quarters 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.IBISWorld estimates that the global price of nickel has fallen at a compound annual rate of 4.1%...read more.

Industry Statistics & Market Size
Revenue
£1.7bn
Annual Growth 14-19
0.6%
Forecast Growth 19-24
Profit
Employment
2,935
Businesses
73

Industry Threats & Opportunities

  • Greater stability in global markets is expected to support revenue growth in the current year
  • Companies have reorganised their operations, shedding staff and reducing wages in the process
  • Demand for titanium used in wind turbines is expected to increase
  • Industry Report - Industry Investment Chapter

    The Other Non-Ferrous Metal Production industry has a moderate level of capital intensity. Applying wages as a proxy for labour and depreciation for capital investment, the industry has a capital-to-labour ratio of 1:4.50 in 2018-19. This indicates that for every £1.00 spent on capital, industry operators will spend £4.50 on wages. Conversely, for every £1.00 spent on wages or labour, firms would spend 22p on capital. At the foundation of these estimations, include IBISWorld's projections that wages will represent 7.2% of industry revenue, while depreciation will account for 1.6% of revenue in 2018-19. Total wages in the industry have fallen over the past five years, underpinned by abrupt revenue contractions. Spe...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 alloy products
  • Nickel and nickel-based alloy products
  • Other nonferrous metal products
  • 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
  • Changing exchange
  • Chart: Revenue Growth

  • Industry Outlook
  • Nickel and stainless steel
  • Demand conditions
  • EU implications
  • 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 alloy products
  • Nickel and nickel-based alloy products
  • Other nonferrous metal products
  • 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
    ProfitWagesPurchasesOther 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)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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
    • Quickly build competitive intelligence
    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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