Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Backed By Government Policies, Industry Consolidation, and Technology Infrastructure Upgrades, the Metal Industry is Set to Witness a 6% y-o-y Demand growth in FY 2020
save 15 %
* Required Fields
Pay by invoice
Indian metal market growth in 2019 witnessed global, macroeconomic and industrial factors, such as trade wars, an increase in industry consolidation, plant closures, and restricted imports. The industry’s main objective remained cost optimization, raw material sustainability, and process efficiency. The Indian Government’s flagship programs—Make in India, National Capital Goods Policy, Development of 100 Smart Cities, Power For All—are all set to improve metal consumption within the next five years. To achieve targeted domestic steel capacity of 300 MTPA by 2030, India needs to invest $156.08 billion during the 2030–2031 time period. Industry consolidation is anticipated to support this objective. Strategic alliances, such as SAIL-Arcelor Mittal and RINL-PGCIL, are redefining the domestic landscape, reducing distressed assets, and improving the health of the industry. In line with the global trend, Industry 4.0 is creating a huge influence on regulating the way operations take place in the industry. In line with lightweighting, Aluminium is anticipated to play a vital role in the automotive industry from 2020 and beyond. Electric Vehicles are expected to witness growth in the coming years as government incentives increase. The current slowdown in the industry is likely to impact EV sales growth in 2020.Raw material availability and cost sustenance can be addressed through scrap usage. Global factors, such as the trade war between US and China, have resulted in increased availability in the rest of the world, especially Asia. Indian imports have witnessed increased uptake of non-ferrous scrap in 2019. The Steel Scrap Recycling Policy (SSRP), drafted and circulated in July 2019, is intended to facilitate and provide a framework for the functioning of metal scrap centers. It has been considered as a preliminary step to formalizing the largely unorganized scrap market. India is taking steps to meet the requirements of the circular economy and raw material sustenance is a vital factor to achieve this objective. This is anticipated to optimize the scrap value chain and enable organized global scrap trade flow.Capacity expansion plans were announced in 2019 and are expected to be commissioned in 2022 and 2024 time period. Market highlights of 2019, demand, growth rates and capacity expansions for steel, aluminium, and copper have been analyzed. Our perspective on the various market trends and their driving factors in 2020 has been presented. The Go-To market strategy and technology trends expected to define the Indian metal industry in 2020 are elaborated in this research service.
Atomic Layer Deposition: R&D Portfolio Assessment and Growth Opportunities
Global Next-generation Data Storage Technologies: R&D Portfolio Analysis
Frost Radar™ for Economic Development: Middle East, 2021
Global Wire Arc Additive Manufacturing (WAAM) Growth Opportunities
Transformational Macroeconomic Trends Shaping Developed Asia Until 2026
Central America and the Caribbean Shows Gradual Recovery from the Disruptive Impact of COVID-19
Autonomous Mobile Robots: R&D Portfolio Assessment
Growth Opportunities of Sensor Technologies for Automated Guided Vehicles
Neuromorphic Computing: Opportunity Analysis
Growth Opportunities of Metal Injection Molding Technology in Manufacturing
wearable technology market
medical supplies market
solar cell market
3d printer market share
augmented reality market
wireless charging market
video analytics market
biometric authentication market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.