Industry Statistics and Trends
Precious & Non-Ferrous Metal Manufacturing in Europe key trends
Inflation and geopolitical tensions impact metal manufacturing.
Rising inflation and energy costs have disrupted the precious and non-ferrous metal manufacturing industry, hindering revenue.
The electric vehicle boom boosts metal manufacturing.
As demand for electric vehicles increases, especially in Europe, the need for aluminium and copper used in their production will swell, benefitting metal manufacturers.
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Precious & Non-Ferrous Metal Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Precious & Non-Ferrous Metal Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 6.6 % over the past five years, to reach an estimated €210.0bn in 2024.
Trends and Insights
Metal manufacturing is spread across Europe, with competition being intense
- Europe’s Precious and Non-Ferrous Metal Manufacturing industry has a significant presence in Germany, Italy, France and Eastern European countries like Poland, Hungary and the Czechia. Russia and Turkey also boast prominent positions in the industry. This creates significant competition across the continent.
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Precious & Non-Ferrous Metal Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Strong demand from carmakers and the boom in electric vehicles will provide opportunities
- Demand for non-ferrous metals from the motor vehicle industry will grow. Car manufacturers are seeking alternative materials to iron and steel to reduce the weight of vehicles.
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Revenue
€210.0bn
Employees
329k
Wages
€XX.Xbn
European Leaders & Laggards
Top 5 Countries
- Hungary +5.8%
- Poland +5.3%
- Switzerland +5.1%
- Luxembourg +5.1%
- Italy +4.6%
Bottom 5 Countries
- Serbia -23.9%
- Slovenia -7.8%
- Turkey -6.4%
- Latvia -6.0%
- Bosnia & Herzegovina -4.5%
* CAGR values are for the years 2019-2024.
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Biggest companies in the Precious & Non-Ferrous Metal Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Glencore plc | 236,429.0 | 21,421.1 | 9.1 | |
Aurubis AG | 17,149.0 | 162.1 | 0.9 | |
Norilsk Nickel | 15,997.5 | 7,227.7 | 45.2 |
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Precious & Non-Ferrous Metal Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Precious & Non-Ferrous Metal Manufacturing industry in Europe in 2024?
The market size of the Precious & Non-Ferrous Metal Manufacturing industry in Europe is €210.0bn in 2024.
How many businesses are there in the Precious & Non-Ferrous Metal Manufacturing in Europe industry in 2024?
There are 4,903 businesses in the Precious & Non-Ferrous Metal Manufacturing industry in Europe, which has declined at a CAGR of 1.1 % between 2019 and 2024.
Has the Precious & Non-Ferrous Metal Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Precious & Non-Ferrous Metal Manufacturing industry in Europe has been declining at a CAGR of 1.1 % between 2019 and 2024.
What is the forecast growth of the Precious & Non-Ferrous Metal Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Precious & Non-Ferrous Metal Manufacturing industry in Europe is expected to decline.
What are the biggest companies in the Precious & Non-Ferrous Metal Manufacturing market in Europe?
The biggest companies operating in the Precious & Non-Ferrous Metal Manufacturing market in Europe are Glencore plc, Aurubis AG and Norilsk Nickel
What does the Precious & Non-Ferrous Metal Manufacturing in Europe include?
Aluminium and Precious metals are part of the Precious & Non-Ferrous Metal Manufacturing industry.
Which companies have the highest market share in the Precious & Non-Ferrous Metal Manufacturing in Europe?
The company holding the most market share in Europe is Glencore plc.
Which countries have the most businesses in the Precious & Non-Ferrous Metal Manufacturing industry in Europe?
The European country with the most businesses in the Precious & Non-Ferrous Metal Manufacturing industry is Turkey.
How competitive is the Precious & Non-Ferrous Metal Manufacturing industry in Europe?
The level of competition is high and steady in the Precious & Non-Ferrous Metal Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Precious & Non-Ferrous Metal Manufacturing in Austria
- Precious & Non-Ferrous Metal Manufacturing in France
- Precious & Non-Ferrous Metal Manufacturing in Lithuania
- Precious & Non-Ferrous Metal Manufacturing in the Netherlands
- Precious & Non-Ferrous Metal Manufacturing in Hungary
- Precious & Non-Ferrous Metal Manufacturing in Finland
- Precious & Non-Ferrous Metal Manufacturing in Croatia
- Precious & Non-Ferrous Metal Manufacturing in Slovenia
- Precious & Non-Ferrous Metal Manufacturing in Greece
- Precious & Non-Ferrous Metal Manufacturing in Romania
- Precious & Non-Ferrous Metal Manufacturing in Norway
- Precious & Non-Ferrous Metal Manufacturing in Switzerland
- Precious & Non-Ferrous Metal Manufacturing in Poland
- Precious & Non-Ferrous Metal Manufacturing in Bulgaria
- Precious & Non-Ferrous Metal Manufacturing in Iceland
- Precious & Non-Ferrous Metal Manufacturing in Luxembourg
- Precious & Non-Ferrous Metal Manufacturing in Russia
- Precious & Non-Ferrous Metal Manufacturing in Slovakia
- Precious & Non-Ferrous Metal Manufacturing in Sweden
- Precious & Non-Ferrous Metal Manufacturing in Turkey
- Precious & Non-Ferrous Metal Manufacturing in Cyprus
- Precious & Non-Ferrous Metal Manufacturing in Estonia
- Precious & Non-Ferrous Metal Manufacturing in Europe
- Precious & Non-Ferrous Metal Manufacturing in Spain
- Precious & Non-Ferrous Metal Manufacturing in Portugal
- Precious & Non-Ferrous Metal Manufacturing in Serbia
- Precious & Non-Ferrous Metal Manufacturing in Belgium
- Precious & Non-Ferrous Metal Manufacturing in Italy
- Precious & Non-Ferrous Metal Manufacturing in Czechia
- Precious & Non-Ferrous Metal Manufacturing in Denmark
- Precious & Non-Ferrous Metal Manufacturing in Latvia
- Precious & Non-Ferrous Metal Manufacturing in Bosnia & Herzegovina
Table of Contents
About this industry
Industry definition
This industry includes the production of metals like aluminium, gold, silver, platinum and copper. The manufacturing of lead, zinc and tin and other non-ferrous metals are included. Nuclear fuel processing is also part of the industry. Production can be carried out either by mining or by recycling scrap.
Related Terms
ALLOYREFININGELECTROLYSISNON-FERROUS METALSWhat's included in this industry?
AluminiumPrecious metalsCopperLead, zinc and tinProcessing of nuclear fuelOther non-ferrous metalCompanies
Glencore plcAurubis AGNorilsk NickelIndustry Code
242 - Manufacture of basic precious and other non-ferrous metals in Europe
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Performance
Key Takeaways
Metal manufacturing is spread across Europe, with competition being intense
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Precious & Non-Ferrous Metal Manufacturing in Europe industry (2011 -2029)
- Employees in the Precious & Non-Ferrous Metal Manufacturing in Europe industry (2011 -2029)
- Business in the Precious & Non-Ferrous Metal Manufacturing in Europe industry (2011 -2029)
- Profit in the Precious & Non-Ferrous Metal Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Precious & Non-Ferrous Metal Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Precious & Non-Ferrous Metal Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Precious & Non-Ferrous Metal Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Precious & Non-Ferrous Metal Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
European companies are revolutionising metal alloys using advanced tech. This innovation allows for durable, lightweight materials that fuel greener futures in industries like automotive and aerospace.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Precious & Non-Ferrous Metal Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Precious & Non-Ferrous Metal Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Precious & Non-Ferrous Metal Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Market share concentration is driven largely by operational efficiency. Successful manufacturers gain a competitive edge by optimising their refining processes, production methods and waste management, which lowers costs and enhances productivity.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Glencore plc
- Countries of operation for Aurubis AG
- Countries of operation for Norilsk Nickel
- Countries of operation for Norsk Hydro ASA
- Countries of operation for Boliden AB
- Countries of operation for Novelis AG
- Countries of operation for Constellium SE
- Countries of operation for Heraeus Holding GmbH
- Countries of operation for Umicore NV
- Countries of operation for Trimet Aluminium SE
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Manufacturers are provided with some assistance. The European government offers some subsidies and grants, including the European Raw Materials Fund, while trade associations like Eurometaux advocate for favourable regulations.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Precious & Non-Ferrous Metal Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Metal prices have been rising but so have production costs. Technological advancements boost profitability, yet high raw material prices and the energy crisis weigh on manufacturers' profit.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Precious & Non-Ferrous Metal Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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