Global Braze Alloys Market: Snapshot

Globally, the demand for braze alloys has grown significantly grown in the automotive sector. Copper and aluminum are braze alloys are widely used in the automotive system to reduce the weight. It also enhances fuel efficiency and performance and reduces emission of carbon dioxide and other harmful gasses.

Moreover, braze alloys have several advantages over conventional metal-joining procedures such as soldering and welding. Large number of manufacturers are adopting braze materials as they are safe to use and their cost is low than other alloys. They also provide low base metal dilution, minimal or no component distortion, and helps in filling wide and small gaps sizes. However, fluctuating prices of raw material might limit the growth in the global braze alloys market.
 

global braze  alloys  market


In terms of revenue, the global braze alloys market is likely to attain US$2.91 bn by the end of 2026, progressing from US$2.02 bn earned in 2017. The market is expected to exhibit a growth rate of 4.1% during the forecast period between 2018 and 2026.

Copper-Based Braze Alloys having High Demand Due to Corrosion Resistance Property

There are two major categories in which the global braze metal market is bifurcated including base metal and end-use industry. In terms of end-use industry, the market in segmented into automotive, electronics and electrical, industrial, and other (including aerospace, construction, medical, and dental). Of these end-use industries, highest demand is seen in the electrical and electronics industry. However, the demand for braze alloy is also increasing rapidly in the automotive industry. This growth is attributed to its huge application of brake linings, condenser connections and brazing in evaporator for air-conditioning systems, and fuel injection pipes.

In terms of base metal, the market is segmented into silver, gold, copper, nickel, aluminum, and others (including cobalt, cadmium, and iron). Among these, the copper segment held largest shares in the global braze alloy market both in terms of value and in terms of volume in 2017. The copper segment is expected to maintain its dominance in the market over the forecast tenure. Copper-based braze alloys are generally used for brazing alloys and carbon steels, copper-nickel, nickel, and stainless steel. Moreover, these alloys offer excellent thermal and electrical conductivity and great corrosion resistance.

High Demand For Braze Alloys in Asia Pacific Due to Rapid Growth in Construction Sector

On the regional front, Asia Pacific is likely to lead the global braze alloys market over the projected tenure. Dominance of this region is projected to grow over the time due to the growing industries that use braze alloy, mainly in countries like China and India. In addition, significant growth in the building and construction industry due to the infrastructural projects going on in this regions has augmented the demand in the global braze alloy market.  

Other regions are also covered in the report including North America, Latin America, Europe, and the Middle East and Africa. Among these, Europe and North America are expected to progress at a slower pace, as the braze alloys market in these regions in mature. Whereas, the United States is projected to be the prominent shareholder in the braze alloys market in North America.

In the competitive landscape section, the global braze alloys market is likely to witness higher degree of competition due to the presence of large number of players operating in the region. In addition, few players also holds significant amount of share thus, making the market moderately consolidated. In this report, researchers have analyzed few leading players including UMICORE N.V., Voestalpine Böhler Welding, Johnson Matthey, Oerlikon Metco, Morgan Advanced Materials, Indian Solder And Braze Alloys, Lucas-Milhaupt Inc., Paras Enterprises, and Bellman-Melcor LLC.

Braze Alloys Market – Overview

Brazing is a process that joins two or more metals by melting them and flowing another metal in the joint, known as filler metal, which has lower melting point compared to adjoining metals. The filler metal used in the brazing process is referred to as braze alloys. The melting temperature of a braze alloy should generally be higher than 450°C, but not more than the melting temperature of the base metal. At its melting point, braze alloy melts and distributes itself between the work pieces due to the capillary action. Braze alloys can be utilized in a number of forms such as paste, powder, tapes, foils and braze wires, and rods.

In terms of base metal, the braze alloys market has been segmented into gold, silver, copper, aluminum, nickel, and others (including cadmium, cobalt, and iron). Gold-based braze alloys possess exceptional wettability, corrosion resistance, and are suitable for applications with high service temperatures. Silver-based braze alloys possess good electrical conductivity, and are ductile and self-fluxing in nature.

Copper-based braze alloys are commonly used for brazing alloys and carbon steels, nickel, copper-nickel, and stainless-steel. They offer excellent electrical and thermal conductivity and high corrosion resistance. In terms of value and volume, the copper segment held major share of the global braze alloys market in 2017. The segment is expected to continue its dominance during the forecast period. Aluminum-based braze metals are generally utilized for brazing aluminum pieces. The others segment includes braze alloys based on other metals such as nickel and palladium.

Based on end-use industry, the braze alloys market has been classified into electronics and electrical, automotive, industrial, and others (including construction, aerospace, medical, and dental). Brazed components are employed extensively in the electrical & electronics industry. They are also used in the automobile industry for various purposes. Rise in manufacture of automobiles and automobile parts has boosted the demand for braze alloys in the automotive sector. This, in turn, is driving the attractiveness of the automotive segment.

Based on region, the global braze alloys market has been segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to lead the market during the forecast period, primarily due to the growth in industries that employ braze alloys in the region, especially in developing countries such as India and China. The market in Asia Pacific is anticipated to expand at a substantial pace during the forecast period, followed by that in North America and Europe. The braze alloys market in North America and Europe is mature. Hence, it is projected to expand at a sluggish pace during the forecast period. The U.S. is likely to constitute prominent share of the braze alloys market in North America in the near future.

The report analyzes and forecasts the braze alloys market at the global and regional levels. The market has been forecast in terms of volume (tons) and revenue (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global braze alloys market. It also covers the expected impact of these drivers and restraints on the demand for braze alloys during the forecast period. The report also highlights growth opportunities for the braze alloys market at the global and regional levels.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global braze alloys market. The Porter’s Five Forces model for the braze alloys market has also been included to help understand the competition landscape. The study encompasses market attractiveness analysis, wherein segments have been benchmarked by base metal and end-use industry based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global braze alloys market by segmenting it in terms of base metal, end-use industry, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes current and future demand for braze alloys in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers segmentation based on individual base metal and end-use industry of the market in all the regions.

The study includes profiles of major companies operating in the global braze alloys market. Key companies functioning in the braze alloys market include Johnson Matthey, Voestalpine Böhler Welding, Oerlikon Metco, UMICORE N.V., Morgan Advanced Materials, Indian Solder And Braze Alloys, Paras Enterprises, Lucas-Milhaupt Inc., Bellman-Melcor LLC, Aimtek, Inc., Harris Products Group, and VBC Group.

The report provides size (in terms of volume and value) of the braze alloys market for the base year 2017 and the forecast for the period between 2018 and 2026. The size of the global braze alloys market has been provided in terms of volume and revenue. Market numbers have been estimated based on base metal, end-use industry, and region. The market size and forecast for each base metal and end-user industry segment have been provided for the global and regional markets.

Key Takeaways

  • Extensive analysis of market trends from 2017 to 2026 in order to identify opportunities and market developments
  • Analysis of various base metals and end-use industries wherein braze alloys are used
  • Key factors responsible to build a roadmap for upcoming opportunities for the braze alloys market at the global, regional, and country levels
  • Comprehensive analysis with respect to investments and regulatory scenario that would subsequently impact the outlook and forecast for the global braze alloys market between 2018 and 2026
  • Detailed competition landscape of key players operating in the market to understand competition level
  • Porter’s Five Forces analysis to highlight the power of buyers and suppliers in the market

The Braze Alloys Market has been segmented as follows: 

Base Metal

  • Copper
  • Gold
  • Aluminum
  • Silver
  • Nickel
  • Others (including Cobalt, Bronze, Iron, and Cadmium)

End-use

  • Automotive
  • Electronics and Electrical
  • Industrial
  • Others (including Medical, Dental, and Aerospace)

Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Braze Alloys Market

Buy Now