Metal Industry - Market Watch 2018
According to an estimated report, the industry for metal and metal made products were valued to be around $48.8 billion by the end of 2016 and is forecasted to expand at a significant CAGR of 2.4 percent during the period. This increased flow of the canned food items is expected to increase the need for the product during the predicted period.
The metal industry is gaining significant importance due to its incredible features like resistance to the transportation; irregular handling hermetically covers sealed and irregular handling. Steel sheets and aluminum are the most important raw materials used for the manufacturing of the product. The most significant suppliers of these products are ArcelorMittal, UC Rusal, Chalco, Hydro, Alcoa, etc.
Most of the manufacturers are acquiring raw materials from these international organizations on contracts are to gain an essential advantage on the scale of economies. Ball Corp acquire steel on a yearly contract with fixed pricing or the changing pricing period along with aluminum on multiple contracts with pricing levels fixed with no changes.
The different kinds of technologies used in the coating during the manufacturing process of the product have different kinds of waterborne coatings; ultraviolet radiation cured the coating, high-solid coating, powder coatings and the traditional solvent-borne coating.
The most important reason for the exterior and interior coating of the metal products is mainly to preserve the products and metal from rust and abrasion and to lessen down the friction and assist in improving the handling. However, the operation for coating ensues in the emission of the organic compounds which are volatile. The Environmental Protection Agency of the United States has set some limitations and guidelines to restrict VOCs and other different emission pollutants by embracing different kinds of technologies used for coatings. This industry has a large growth expected in the coming years.