CLEVELAND, March 28, 2017 /PRNewswire/ -- US demand for fabricated metal products is forecast to reach $439 billion in 2021, according to Fabricated Metal Products: United States, a report recently released by Freedonia Focus Reports. Structural metals, the largest demand segment, are expected to outpace most major segments amid increases in nonresidential and nonbuilding construction.
Competition from metal castings and alternative materials will restrain growth in demand for fabricated metal products. Plastics and composite materials offer superior corrosion resistance, especially compared to ferrous metals. Reinforced plastics offer greater strength and stiffness than conventional plastics, and consequently they have taken some market share away from steel and other metals in applications such as motor vehicle parts.
These and other key insights are featured in Fabricated Metal Products: United States. This report forecasts US fabricated metal product demand and shipments in US dollars at the manufacturers' level to 2021. Total demand and shipments are segmented by product in terms of:
- structural metals
- forging and stamping
- machine shops
- metal containers
- coating and treating
- fasteners and hardware
- cutlery and handtools
- springs and wires
- other products such as ammunition, bearings, and industrial valves.
To illustrate historical trends, total demand, total shipments, the various demand segments, and trade are provided in annual series from 2006 to 2016.
More information about the report is available at https://www.freedoniafocusreports.com/Fabricated-Metal-Products-United-States-10693835/
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Industrial reports can be purchased at www.freedoniafocusreports.com or marketresearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-demand-for-fabricated-metal-products-to-reach-439-billion-in-2021-300429977.html
SOURCE The Freedonia Group