Brazing is a process of joining two metal piece that involves heating and addition of a filler metal & alloys such as silver, copper, and zinc. Brazing helps to produce joints that meet the requirement of mechanical performance, pressure tightness, electrical conductivity, corrosion resistance, and service temperature. The market for brazing consumable is growing on the ground of owing to the rising applications across various industry such as electrical and electronics and automotive industry. With the growing demand for automobile production, the brazing market is expected to gain more attention in the near future.
As per the new report added by Value Market Research, the Global Brazing Consumable Market was valued USD 3,980.6 MN (by revenue) in 2017 and is anticipated to reach USD 4,438.6 MN by 2024 with a CAGR of 1.58%.
ALUMINUM BRAZING IS HIGHLY USED TECHNIQUE
Aluminum brazing has dominated the segment in 2017 and is expected to touch USD XX.X MN by 2024. Aluminum brazing techniques are used to produce the bond and the process can be carried out with or without flux. Basically, the silicon and copper are added to pure aluminum to lower melting range and provide a suitable joining material parts. In this brazing process filler metals which contain aluminum are widely used in the automotive, HVAC, and refrigeration industries. Therefore, rising demand from the automotive industry is the prime reason for the growth of this segment.
AUTOMOTIVE HAS EMERGED AS THE LARGEST CONSUMPTION AREA OF BRAZING
The growing sales of automotive is likely to augment the demand for brazing consumable product. The Brazing technique which uses copper-, nickel- or iron-based brazing filler metals is commonly used in automotive. Brazing technique has dominated the segment in 2017 and is anticipated to surpass USD XX.X MN by 2024. In automotive it is used for fastening of pipe fittings, tanks, carbide tips on tools, radiators, heat exchangers, electrical parts, manufacturing appliances etc. Hence, this will create the need to enhancing productivity, quality, and safety among automotive manufacturer which, in turn, will raise the demand of the product.
TORCH BRAZING METHOD IS GAINING MOMENTUM IN THE MARKET
Torch brazing is the most common method of brazing. This process is majority employed in developing countries for specialized operations or small production volumes and hard-to-reach applications that require a manual touch are required. Torch Brazing is popular and has been successfully adopted across the various industry for its versatility, ability to produce consistent, and high-quality connections. In terms of revenue, the torch brazing segment is expected to touch USD XX.X MN by 2024.
ASIA-PACIFIC HAS PLANTED ITS DOMINANCE IN THE GLOBAL BRAZING MARKET
Asia Pacific is leading the market with accounts of 36.8% market share in 2017, owing to growth in manufacturing industries using braze alloys in the region, especially in the emerging countries such as India and China. Moreover, rapid economic development has also contributed to the growth of several macroeconomic factors, thus increasing the demand for brazing applications. Furthermore, the rising demand for silver and gold-based brazing material from the heating, ventilation, air-conditioning, and refrigeration (HVAC&R) sectors is also driving the market growth.
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.
As per this study the Global Brazing Consumable Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Brazing is a process of joining two metal piece that involves heating and addition of a filler metal & alloys such as silver, copper, and zinc. This process can be employed by various heat sources such as torch, flame, acetylene, gas/air, induction, resistance, infrared, oven, and furnace. Brazing process helps to produce strong, sealed, leak-proof machinery joints. In the process of brazing flux is a necessary element to remove and prevent reformulation of surface oxides on the base metals. Basically, flux is often used to protect atmosphere around the work area.
The market for brazing consumable is growing on the ground of owing to the rising applications across various industry such as electrical and electronics and automotive industry. With the growing demand for automobile production, the brazing market is expected to gain more attention in the near future. However, the volatile price of base metal is likely to act as a restraint for the market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of brazing consumable.
The broad brazing consumable market has been sub-grouped into product type, application and techniques. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
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
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for brazing consumable in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Brazing Consumable Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the brazing consumable market includes 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. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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