Global Brazing Consumable Market soon to cross USD 4512.5 MN by 2025
Posted On April 18, 2019
In a recently released Global Brazing Consumable Market research intelligence outlook, Value Market Research forecasts high value-low growth landscape for the over the forecast timeline of 2019-2025. The Global Brazing Consumable Market is expected to reach USD 4512.5 MN by 2025 showcasing a CAGR of 1.58% between 2019 and 2025.This market was valued at USD 4043.5 MN (by revenue) in 2018. This report covers various chapters exploring the market size, market growth, drivers and restrains, market opportunities in detail. The regional market coverage of the global brazing consumable market report helps in exploring the regional profitability.
The report ascertains that the booming construction and automotive industry in emerging countries like China and India are expected to support the market growth of brazing consumables. Ongoing industrialization and rapid urbanization across developing nations are identified as other major factors leading to the rise in metal joining processes, which in turn is expected to result in high demand for brazing consumables products under the study period. The growing need for brazing automation technology for fabrication is also expected to be one of the major trends fuelling demand for brazing consumables market in the near future.
The report "Global Brazing Consumable Market Report By Product Type (Silver Brazing, Copper Brazing, Aluminum Brazing, Nickel Brazing), Application (Automotive, Aviation, Electronics & Electrical, Oil And Gas, And Others) Techniques (Torch Brazing, Furnace Brazing, Silver Brazing, Vacuum Brazing, Dip Brazing, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018-2025" offers in-depth and granular data of the market.
Brazing is a process of metal joining in which fusing of metal is done by the process of melting and pouring a filler metal into the connection point. Brazing consumables are the substances that are used during the process of brazing. Flux and filler metals are the most common type of brazing consumables used during the process, they melt and help to form a strong bond between two metals. Brazing consumables are basically used in torch brazing, furnace brazing, induction brazing, vacuum brazing, braze welding, dip brazing, and resistance brazing. Brazing technique is considered as a very important tool across manufacturing and fabrication industries.
In the study the market segmentation has been done on the basis of product type, application, techniques, and region. By product type, the market has been split into silver brazing, copper brazing, aluminum brazing, nickel brazing. Aluminum brazing is dominating the segment owing to its extensive usage in automotive, transportation and construction industries. Also, it has the best mechanical and metallurgical properties, that provides less heat input and distortion is further raising its demand across numerous industries. By application, the market has been fragmented into automotive, aviation, electronics & electrical, oil and gas, and others. The automotive application is leading the segment owing to the growing need for improving productivity, quality, and safety among automotive manufacturer is driving the demand for brazing consumable products. By technique, the market has been segregated into torch brazing, furnace brazing, silver brazing, vacuum brazing, dip brazing, and others. Torch brazing gaining hype in the market since it is a very popular technique and has been successfully adopted across the numerous industries for its versatility, consistency, and high-quality joints.
Based on geography, the market has been studied across the region of North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. At present Asia-Pacific is dominating the segment owing to the rising number of various manufacturing industries which require brazing technology for joining of metal parts. Also, growth in the automotive sector and steel industries in the region will further propel the market demand.
The Report Segments Global Brazing Consumable Market -
By Product Type
- Silver Brazing
- Copper Brazing
- Aluminum Brazing
- Nickel & Other Brazing
- Electronics & Electrical
- Oil And Gas
- Torch Brazing
- Furnace Brazing
- Silver Brazing
- Vacuum Brazing
- Dip Brazing
- North America
- Latin America
- Middle East And Africa
Players Profiled In The Report:
Aimtec, Bellman-Melcor, Harris Products, Indian Solder and Braze Alloys, Johnson Matthey Plc., Lucas-Milhaupt, Inc, Morgan Advanced Materials, Oerlikon Metco, Pietro Galliani Brazing, Saru Silver Alloy, Sentes-BIR, and VBC Group.
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