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Global Braze Alloys Market - Segmented by Base Metal Type, End-User Industry and Geography- Growth, Trends and Forecasts (2022 - 2030)
SKU ID : INH-13102626 | Publishing Date : 20-Mar-2018 | No. of pages : 135
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The global braze alloys market is expected to grow at a steady rate during the forecast period (2018-2023), majorly driven by the increasing demand of aluminum brazing alloys from the automotive industry. The increasing adoption of brazing process over welding and soldering, due to its cost effectiveness, is also likely to support the market growth.
Rising Demand for Aluminum Brazing Alloys is Driving the Market
Aluminum Brazing has become prevalent in the automotive and HVAC industries. Most manufacturers are using aluminum components, including evaporator and condenser coils. These brazing alloys are rapidly gaining attention from the automotive industry. They are used in the brazing of automotive heat exchangers. With the increase in demand of automobiles, the brazing alloys market is expected to grow in the future.
Air Conditioning System Making Automotive the Dominating End-User Industry
The global braze alloys market, based on the end-user industry, can be broadly segmented into automotive, electrical & electronics, construction, and others. Automotive industry is expected to dominate the braze alloys market, due to the huge application of brazing in evaporator and condenser connections for air-conditioning systems, brake linings, and fuel injection pipes. This end-user industry is also expected to grow at the fastest rate, due to increasing investments for automotive manufacturing in the Asia-Pacific region.
HVAC System in Construction is driving the Asia-Pacific Market
In terms of consumption in 2017, Asia-Pacific held a dominant market share, due to accountability of more than 50% of the global HVAC market. This region is also expected to be an emerging market during the forecast period, with high demand for new construction projects, coupled with increasing investments in the residential, commercial, and industrial development zones. The wet and humid climatic conditions in the Asia-Pacific region is also likely to increase the demand of HVAC, which, in turn, will drive the braze alloys market.
Notable Developments
In Nov 2017, Umicore has announced to sell its European Technical Materials Business to SAXONIA Edelmetalle GmbH. The agreement is concerned with the technical materials activities in Germany and Italy, which manufactures contact materials and brazing alloys.
Major Players: Johnson Matthey, Lucas-Milhaupt, Inc., Indian Solder and Brazing Alloys, Morgan Advanced Materials, and Bellman-Melcor LLC Ltd, amongst others.
Reason to Purchase the Report
To understand the impact of various base metal type on the market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
To understand the dominating base metal type and end-user industry in the market.
Countries expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support, along with the Market Estimate sheet in excel.
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Rising Demand for Aluminum Brazing Alloys is Driving the Market
Aluminum Brazing has become prevalent in the automotive and HVAC industries. Most manufacturers are using aluminum components, including evaporator and condenser coils. These brazing alloys are rapidly gaining attention from the automotive industry. They are used in the brazing of automotive heat exchangers. With the increase in demand of automobiles, the brazing alloys market is expected to grow in the future.
Air Conditioning System Making Automotive the Dominating End-User Industry
The global braze alloys market, based on the end-user industry, can be broadly segmented into automotive, electrical & electronics, construction, and others. Automotive industry is expected to dominate the braze alloys market, due to the huge application of brazing in evaporator and condenser connections for air-conditioning systems, brake linings, and fuel injection pipes. This end-user industry is also expected to grow at the fastest rate, due to increasing investments for automotive manufacturing in the Asia-Pacific region.
HVAC System in Construction is driving the Asia-Pacific Market
In terms of consumption in 2017, Asia-Pacific held a dominant market share, due to accountability of more than 50% of the global HVAC market. This region is also expected to be an emerging market during the forecast period, with high demand for new construction projects, coupled with increasing investments in the residential, commercial, and industrial development zones. The wet and humid climatic conditions in the Asia-Pacific region is also likely to increase the demand of HVAC, which, in turn, will drive the braze alloys market.
Notable Developments
In Nov 2017, Umicore has announced to sell its European Technical Materials Business to SAXONIA Edelmetalle GmbH. The agreement is concerned with the technical materials activities in Germany and Italy, which manufactures contact materials and brazing alloys.
Major Players: Johnson Matthey, Lucas-Milhaupt, Inc., Indian Solder and Brazing Alloys, Morgan Advanced Materials, and Bellman-Melcor LLC Ltd, amongst others.
Reason to Purchase the Report
To understand the impact of various base metal type on the market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
To understand the dominating base metal type and end-user industry in the market.
Countries expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support, along with the Market Estimate sheet in excel.
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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- By Technology
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
