Get In Touch

Rising Demand for Vehicles to Strengthen Braze Alloys Market

The global braze alloys market is prognosticated to expand at a moderate pace at CAGR 4.1% from 2018 to 2026, states an upcoming report by Transparency Market Research (TMR).

The report also points out that the global braze alloys market was estimated at US$2.02bn in 2017 and expected to reach an valuation of US$2.91 by the end of 2026. The growing demand for vehicles is projected to drive braze alloy market to expand in the upcoming years.This is mainly because the braze helps in improving vehicle performance, promotes fuel efficiency, and minimizes carbon efficiency.

On the basis of segmentation, the global braze alloys market is divided into gold, silver, copper, nickel, and aluminum, in terms of metal base. Among these, copper base is expected to register a higher growth during the forecast period. The growth can be due to its quality conductivity, corrosion resistance, and thermal properties.

global braze  alloys  market

Request A Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=33614

Consumer Electronic Goods to Provide Impetus to Growth in Braze Alloy Market 

Brazing alloy is used for producing high power electronic and electric appliances. This might help in pushing the global braze alloys to grow in the following years.

The brazing techniques are employed in producing single devices is higher than any other device that is used during brazing engineering. These are used in production of marine radars, television transmitters, industrial cookers, and cancer treatment equipment. These factors may result in expansion of the global braze alloys market.

For large volume production, a braze alloy consisting a mesh belt furnace which contains nitrogen and hydrogen is a good technique. This technique could aid in the growth opportunities of the global braze alloys market.

Brazing techniques results in high quality and products with high precision might act as a factor contributing towards the growth of the global braze alloys over the forecast period.

To ensure the product quality until the last stage of production it is important to keep a check on meeting industry standards and specification while using brazing techniques. As a result, this may boost the growth of the global braze alloys market.

Further, the electrical and electronic devices often use copper based braze alloys, owing to the expansion of the braze alloys market.

Braze alloys are cost efficient than the convention processes like soldering and welding. This may help in the surge of the braze alloy market.

Fluctuating cost of the raw materials may obstruct the growth over the forecast period. Nevertheless, the aviation sector is likely to widen the global alloys market due to its applications in manufacturing and repairing of turbine blades.

Asia Pacific to Hold Larger Market Share

In terms of region, Asia Pacific is expected to have a strong hold over the global braze alloys market during the forecast period. The growth here can be attributed to rising demand from automotive sector and electrical appliances due to growing population.

North America and Europe is also expected to grow along the way, this is because these two regions are hub for automotive manufacturing. Ford sold total 590, 249 vehicles in the U.S alone during the first quarter of 2019. Although, the overall sales slightly declined, but Lincoln brand market saw a surge by 11.2%.

Some of the noteworthy players in the global braze alloys market include  Johnson Matthey, Morgan Advanced Materials, Oerlikon Metco, Voestalpine Böhler Welding, Bellman-Melcor LLC.  Paras Enterprises and UMICORE N.V.

This review is based on the findings of a TMR report titled, “Braze Alloys Market (Base Metal - Copper, Gold, Aluminum, Silver, Nickel, and Others; End use Industry - Automotive, Electronics and Electrical, Industrial)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026.”

The global braze alloys market is segmented into:

Base

  • Copper
  • Gold
  • Aluminum
  • Silver
  • Nickel

End use Industry

  • Automotive
  • Electronics and Electrical
  • Industrial

Application

  • Residential
  • Non-residential

Geography

  • North America
    • U.S.
    • Canada 
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of the Europe 
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific 
  • Latin America (LATAM)
    • Brazil
    • Mexico
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Rest of MEA
    • GCC Countries

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to industry leaders, consultants, and strategy professionals.

Our reports are single-point solutions for industries to grow, evolve, and mature. Our significant-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive data we offer customized solutions through adhoc reports. These demands are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for client-specific problems with right methodology of research is the key to help enterprises reach right decision.

U.S. Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

7 of 10 large enterprizes view our ToC to take the right decision.

View Report ToC