Bronze Market Size, Overview, Business Strategies Main Key Players, Forecast till 2028

Bronze Market is poise to mature at a CAGR of 2.46% to reach around USD 15.05 Billion by the end of 2028

The primary factors propelling the growth of the global market are the rising use of aluminium and phosphor bronze in the production of marine hardware, including fasteners, oil and gas platforms, pumps and valve parts, pipe fittings, desalination plants, heat exchangers, bearings, and shipbuilding, where resistance to wear, fatigue, and chemical corrosion is required. The increasing production of electrical conduit using bronze is anticipated to drive the global market’s expansion during the assessment period. During the projection period, it is anticipated that the growing demand for electrical conduit made of bronze will fuel global demand growth.

Corporations have already established new R&D centres to find better solutions that might offer larger profit margins. However, because of international trade, there will likely be an increase in demand for bronze as well as lucrative opportunities for suppliers who operate on the worldwide market. Due to global trade, it is anticipated that increasing demand from the shipping sector would increase demand for bronze and open up profitable potential for providers operating internationally. To address the changing demands of numerous end-use sectors across various geographies, some of these firms are consistently investing in expanding their distribution networks.

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Regional Analysis

APAC is anticipated to experience a CAGR of more than 2.5 percent during the projection period. Asia Pacific has dominated the world’s bronze sector due to the abundance of industrial businesses in the region, particularly in growing nations like China, India, and ASEAN nations. The region’s manufacturing industry is being fueled by the region’s rising population and brisk economic expansion, which is likely to increase demand for bronze during the projection period. Asia Pacific is likely to grow significantly during the projected timeframe. This enormous need for bronze has led to a growth in the market for aluminum-bronze alloys as well as a rise in demand for the aerospace and marine industries. The largest market in the Asia Pacific for infrastructure products is Japan.

Europe was the second-largest regional market in 2018 due to the growth of the automotive and transportation sectors in the area and the rising use of bronze in the electronics sector. The major manufacturers in the US and Europe are increasingly concentrating on growing their market share in the Asia Pacific area.

Market Segmentation

Based on type, the worldwide bronze market has been divided into lead bronze, silicon bronze, manganese bronze, aluminium bronze, and phosphor bronze. Around the course of the projected period, the aluminium bronze segment is anticipated to grow at a CAGR of over 2.5%. Bearings, hardware, pumps, and valves for marine sleeves that handle corrosive and acidic fluids are made of aluminium bronze.

Casting, extrusion, forging, and other operations are all part of the multi-step process that goes into producing bronze. The worldwide bronze market was driven by the bronze casting category in 2018 with a market share of over 40% by volume because to the growing demand from bronze makers, which enabled manufacturers to produce huge sizes and forms for their end-use industries.

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Based on end use, the global market has been segmented into architectural, marine, automotive & transport, electrical & electronics, and others. The marine industry dominated the market in 2018 with the greatest share of more than 35% due to the widespread use of bronze materials in different components like valves, fittings, bearings, and others. The market is anticipated to grow at a CAGR of over 1.5% by the end of 2028 and surpass USD 3.3 billion.

Key Players

• Farmers Copper Ltd (US)
• Advance Bronze Incorporated (US)
• Wieland Metals
• Inc (US)
• Materion Corporation (US)
• KME Germany GmbH & Co KG (South Africa)
• National Bronze Michigan (US)
• CONCAST METAL PRODUCTS CO (US)
• Aviva Metals (US)
• PMX Industries
• Inc (Japan)
• Aurubis UK (UK

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