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The global braze alloys market size will grow by 994.49 million tons during 2019-2023. This market report provides a detailed analysis of the market by application (automotive, electrical and electronics, aerospace, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on many braze alloy manufacturers, including Aimtek Inc., Cupro Alloys Corp., Johnson Matthey Plc, Lucas-Milhaupt Inc., Morgan Advanced Materials Plc, OC Oerlikon Management AG, Prince Izant Co., The Lincoln Electric Co., The VBC Group Ltd., and Umicore.
Key Insights on Braze Alloys Market – Global Forecast 2019-2023
Browse TOC and LoE with selected illustrations and example pages of Braze Alloys Market
Braze alloys find several applications in the automobile and the aerospace industry because of their benefits such as better strength, ductility, toughness, resilience, and robustness. Automotive companies use braze alloys made of stainless steel and nickel to manufacture exhaust gas recirculation systems (EGR). Braze alloys made of copper and aluminum are used to produce various components in vehicles as they are lightweight and offer superior performance. In the aerospace industry, the use of braze alloys made of advanced metals is increasing because of the development of large and high-performance engines for supersonic and hypersonic flights. Braze alloys made of titanium, copper, nickel, and zirconium are widely used in aircraft components that are subject to high temperature and pressure conditions. The increasing applications of braze alloys in the automobile and aerospace industries is one of the key factors driving the growth of the global braze alloys market size.
Moreover, the rise in recycling activities will also influence market growth over the forecast period. Vendors in the market are focusing on achieving environmental sustainability by developing new approaches to manufacture braze alloys. Players operating in the aluminum market are adopting new methods to identify, design, and implement technologies to improve the benefits of aluminum recycling. End-users such as aerospace industry consume braze alloys made of recycled aluminum in large quantities because of its economic benefits. Vendors manufacturing braze alloys of aluminum are adopting process automation and optimization technologies through pre-sorting, shredding, and separation technologies to attain desired characteristics. Such factors will drive the growth of braze alloys market, which will register a CAGR of over 5% during 2019-2023.
The global market is fragmented. To help clients improve their market positions, this braze alloys market forecast report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. The report also includes information on the upcoming braze alloys market trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
The report offers a detailed analysis of several leading braze alloy manufacturers, including:
The automotive segment held the largest market share in 2018. The growing demand for fuel efficiency is compelling automobile manufacturers to increase the use of braze alloys in their vehicles.
Moreover, the presence of stringent regulatory norms pertaining to emissions has increased the use of aluminum braze alloys in vehicle exhaust systems. As a result, the segment will account for the highest braze alloys market share over the forecast period as well. This report provides an accurate prediction of the contribution of all the segments to the growth of the braze alloys market size.
APAC has a large base of stainless steel braze alloy manufacturers across China, Japan, South Korea, and India. Most of these brazing alloy manufacturers are increasing the use of recyclable stainless steel to achieve cost and energy savings in production. With a complete study of the growth opportunities for companies, it has been identified that APAC will account for the highest braze alloys market share throughout the forecast period.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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