Global Bronze Market : Industry Analysis and Forecast (2020-2026)
Global Bronze Market was valued at US$ xx Mn in 2020 is expected to reach US$ xx Mn by the end of 2026 at a CAGR of 2.9% from 2020 to 2026.
Bronze, alloy traditionally composed of copper and tin. Bronze is harder than copper as a result of alloying metal with tin or other metals. It has properties like low friction and high ductility as compared to other metals, making it ideal for combining with other metals in a variety of applications. Furthermore, bronze is an excellent material to use around flammable or explosive materials since it does not produce sparks when struck against a hard surface. It also has a higher corrosion resistance than brass and a richer appearance due to a tinge of red pigment. Architectural infrastructure, bearings, musical instruments, electrical connections, machine tools, and bronze wool in woodworking are only a few of the uses for bronze.
Global Bronze Market Dynamics:
Bronze market is growing owing to the rise in import and export industry.
Increased use of aluminium and phosphor bronze in marine hardware, such as heat exchangers, oil and gas platforms, fastening pipe fittings, pumps and valve parts, desalination plants, bearings, and shipbuilding, where fatigue and chemical corrosion resistances needed are the major factors driving the global market's development. The growing use of bronze for electrical conduit manufacturing that is expected to accelerate the global market's growth during the assessment period. However, the oxidation of bronze, is likely to impede the global market's growth over the forecast period.
Growing R&D Investments are providing growth opportunities to the Key Players.
Corporations have already developed new R&D facilities in order to explore better solutions with higher profit margins. Despite this, increasing demand from the transportation sector is expected to drive the demand for bronze, providing lucrative opportunities to the global suppliers. Thanks to the increase in foreign trade, rising demand from the shipping industry is expected to fuel demand for bronze, creating rewarding opportunities to the global suppliers.
The report has profiled ten key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in the North America. Major country’s policies about manufacturing and their impact on Bronze demand are covered in the report.
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Themarine segment is expected grow at a CAGR of xx% during the forecast period.
Based on the end-use, in 2020, the marine segment holds the largest market share of xx% and it is estimated to reach USD$ XX Mn by 2026. The marine segment dominated the market due to the widespread use of bronze materials in variety of components such as valves, fittings, bearings, and other products. Increased investment in passenger ferries and cruise ships, as well as increased demand for motorboats, is further supporting the market growth.
Global Bronze Market Regional Insights:
Global Bronze Market1
Europe to witness high market growth rate and is expected to grow at a CAGR of xx% by 2026
Europe is expected to hold the largest share of the global Bronze market, while Asia Pacific is expected to rise at the fastest CAGR of xx%. The expansion of APAC’s aerospace and marine sector drives the market growth. Asia Pacific has dominated the global bronze market, especially in developing countries such as China, India, and ASEAN countries, due to the presence of a large number of manufacturing industries in the region. The region's manufacturing sector is being fuelled by the region's growing population and rapid economic growth, which is expected to increase bronze demand during the forecast period.
The market growth in Europe is attributed to the expansion of the electronics industry which drives Europe market growth. Europe was the second-largest regional market in 2020, as well as there is high demand and usage of bronze in the electronics industry. The major manufacturers in the United States and Europe are now concentrating their efforts in the Asia Pacific region.
The objective of the report is to present a comprehensive analysis of the global packaging testing market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global packaging testing market dynamics, structure by analyzing the market segments and project the global packaging testing market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global packaging testing market make the report investor’s guide.
Recent Development
• In December 2020, The SpaceX Falcon 9 rocket carrying the Dragon cargo spacecraft launched for Expedition 64, for its METCOMP project to study how different phases organize in a structure when metallic alloys such as bronze are solidified. This development is likely to create substantial opportunities for the key players of the global bronze market.
• In November 2020, GHS Strings released the latest in its line of acoustic guitar strings, Thin Core Phosphor Bronze, which is likely to drive the market since musical Instruments are one of the major end-use products of bronze.
Global Bronze Market, Key Highlights:
• Global Bronze Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Bronze Market
• Global Bronze Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Bronze Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Bronze Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Bronze Market are also profiled.
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Global Bronze Market Scope: Inquire before buying
Global Bronze Market3
Global Bronze Market,by Region
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• South America
Global Bronze Market Key Players
• Farmers Copper Ltd
• Advance Bronze Incorporated
• Wieland Metals, Inc.
• Materion Corporation
• KME Germany GmbH & Co KG
• National Bronze Michigan
• CONCAST METAL PRODUCTS CO
• Aviva Metals
• PMX Industries, Inc.
• Aurubis UK
• Other Key Players
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