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Industrial materials market on the rise
Global SourcesUpdated on 2023/12/01
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Wide usage in building, automotive and eco-friendly supplies propels growth.
It's time to stock up on industrial materials for market segments are expected to be hotter in the next few years.
As regards the metal and mineral category, the increase in construction and automotive spending for these materials is fueling growth. The metal and mineral market is poised to hit about $10 trillion in value in three years, based on a The Business Research Co forecast. CAGR is estimated to be 7.9 percent from this year through 2022.
For the ingots segment, the demand and usage is up in end-use industries and manufacturers are motivated to create good ingots via advanced ways, per Transparency Market Research. Buyers now have a lot of high-quality options to choose from.
In terms of the resins category, Technavio reports that growth through the years 2021 and 2023 is propelled by "rising demand for advanced high-performance composites from the automobile industry and need for cost-effective alternatives". The shift from plastic to environment-friendly solutions is also a factor to the demand for resins, particularly bioresins.
For the PU foam segment, broadening applications in the chemical and production industries because of the materials' capability to improve shelf life and recyclability are raising market value. Transparency Market Research expects the industry to reach $74 billion through 2022.
Lastly, one more major industrial materials category is waxes. The industrial wax market is predicted to continue to be in-demand due to the popularity in the coating and personal care industries. A new trend that is contributing to growth as well is wax 3D printers, according to a forecast by Reportlinker.
Source industrial materials from Verified Suppliers on GlobalSources.com:
Glossy
Company: Shandong Yijiang Import And Export Co. Ltd
Shandong Yijiang's model YJCB0009-9476 carbon fiber sheet features a glossy surface. It is corrosion-resistant. For an MOQ of 50 pieces, each goes for $3.80.
Flame-retardant
Company: Di Warm Technology Co. Ltd
Di Warm's model MABS 3504-2837 ABS granules resist fire. They come in natural colors. For 5,000kg, each kilogram is listed at $1,200.
99.99, 99.995 or 99.999% pure
Company: Handan Xinpu Metal Materials Import & Export Co. Ltd
Handan Xinpu's model XPCD-001-23-4925 cadmium ingot is available in 99.99, 99.995 and 99.999% purities. It is used for making pigments, powders and compounds. A metric ton goes for $1,960 to $2,060. MOQ is 10 metric tons.
99.99% pure nickel
Company: Handan Wangxing Metal Material Import and Export Co. Ltd
Handan Wangxing's model WXJS-N01 powder is made of 99.99 percent nickel. It is used for making non-ferrous alloys. Price is $11,000 to $13,000 per metric ton. MOQ is five metric tons.
Fast melting
Company: Handan Wangxing Metal Material Import and Export Co. Ltd
Handan Wangxing also offers the Aluminum Ingots-1610 model. The ingot melts fast. The product is used in various industries, including automobile, and pinning and weaving.
Cell-grade lithium cobalt oxide
Company: Handan Jiye Metal Material Co. Ltd
Handan Jiye's JY-05-Co 99.95% Cobalt Metal Powder model is for cemented carbide binders and diamond tools.
Shock-resistant
Company: Qingdao Kingwind Industrial Co. Ltd
Qingdao Kingwind's 250-4-5293 model is a PU foam tire that rolls silently. It does not get damaged by impact. For a 100-piece MOQ, the price is $7 each.
Heat-resistant
Company: Shanghai Jiuxu Industrial Co. Ltd
Shanghai Jiuxu Industrial Co. Ltd's model TP-100 talcum powder master batch withstands high temperatures. The powder consistency is ultrafine. Price is $550 to $600 per UK ton. MOQ is 25 UK Tons.
99.995% purity
Company: Handan Daxiang Metal Material Imp & Exp Co.LtdCo. Ltd
Handan Daxiang's Daxiang-Cd:99.995%..-1776 model is a 99.995% pure cadmium ingot. Melting and boiling points are 320.9 and 765 C, respectively. The ingot is quoted $1,800 to $1,980 per metric ton. MOQ is 10 metric tons.
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