The global demand for Brass Rods Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Brass Rods are hollow pieces of leaded brass generally manufactured in the shape of a rod used for machining applications. These rods exhibit superior mechanical properties and are resistant to corrosion with high electrical conductivity. Since these rods are manufactured hollow, they reduce the need for drilling and boring. Hence, they are considered an economically viable option. These rods come in a wide range of sizes and find their use in the manufacture of precision tools used in electronics, sanitary ware, automotive, industrial equipment, plumbing and architecture. These rods are considered environmentally friendly.
The major driving force behind the growth of the brass rods market is the increased rate of plumbing and architectural activities carried out in the ever-expanding construction sector. The increased demand for high end electrical and electronic gadgets will further propel the growth of this market since these rods form a viable option in the manufacturing sector due to their lightweight and high strength. Rapid urbanisation and industrialization will help in the exponential growth of the market because of the increased adoption of these rods in industrial machinery. COVID-19 pandemic will have minimal impact on the market growth except for reduced production. The constraints for market growth are the corrosive nature of the rods under stress and weakening due to dezincification.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of brass rods.
The entire brass rods market has been sub-categorized into grade, product type and end use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- Free-Cutting Brass Rods
- Forging Brass Rods
- High-Tensile Brass Rods
- Naval Brass Rods
By End Use
- Extruded Rods
- Hollow Rods
- Industrial Machinery
- Electrical & Electronics
- Plumbing Fittings
This section covers regional segmentation which accentuates on current and future demand for brass rods market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Brass Rods Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the brass rods market include Hailiang Group, Mueller Industries, Inc., Wieland Group, Mitsubishi Shindoh Co. Ltd., Kobe Steel, Ltd., KME Germany GmbH & Co. KG, Tongling Nonferrous Metals Group Holding Co., Ltd., Poongsan America Corporation, Variety Metals Pvt. Ltd., Hi-Tech Extrusion LLP, Gold Metal Extrusion. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.