The Indian metal products industry sees a 10% contraction in 2020, dragged down by setbacks in the construction and automotive sectors amidst the COVID-19 recession. Booming infrastructure investment will accelerate the recovery and drive further growth in demand for structural metals and steel products. Automotive industry output is projected to recover swiftly to its pre-crisis level in 2021, supporting demand for steel, while expanding electric vehicle (EV) production is set to foster consumption of non-ferrous metals. The industry is predicted to see an 11% CAGR over 2020-2025, driven by booming infrastructure spending, rebounding residential and non-residential construction and solid recovery in the automotive sector.
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This Euromonitor industrial report provides unique information on Metal Products in India. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Metal Products in India report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.See All of Our Definitions
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