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Market Overview of Global Braze Alloys market:
According to our latest research, the global Braze Alloys market looks promising in the next 5 years. As of 2022, the global Braze Alloys market was estimated at USD 2460.46 million, and it's anticipated to reach USD 2869.0 million in 2028, with a CAGR of 2.59% during the forecast years.
Development of braze technology provides growth opportunities for the market
As an advanced material connection technology, braze has been paid more and more attention by researchers of various countries. This kind of braze technology research is more and more in-depth, braze technology is developing. Developed technology will reverse the growth of demand and market development. For example, vacuum braze. Vacuum braze is to realize the connection of materials under vacuum condition by using the melting, wetting and diffusion of solder, the interface reaction between solder and substrate material, and the cooling and solidification of solder. By not using flux, the corrosion resistance of the product is significantly improved and various contaminations are avoided. Vacuum braze reduces production costs by eliminating the need for complex flux cleaning procedures. Vacuum braze filler metal has good wettability and fluidity, and can weld more complex and narrower channel devices. Tens of millions of welds of complex parts can be welded at the same time. Vacuum braze technology has incomparable advantages and is widely used in plate-fin heat exchangers and coolers of air separation equipment, petrochemical equipment, construction machinery, vehicles, ships, household appliances and other industries.
Volatility in metal prices could hamper market growth
The raw material cost of the braze alloy accounts for a large proportion of the total cost. The company needs to combine raw materials according to the formula, develop and produce solders that meet the needs of customers in different industries, and obtain relatively stable profits. If the price of raw materials fluctuates in a non-unidirectional manner, under the pricing and settlement model of "raw materials + processing fees", the company will be able to pass the changes in raw material prices to the downstream to a large extent, so that the market will work well. If the price of raw materials drops sharply or unilaterally in a short period of time, it will affect the normal operation of existing companies in the market and eventually hinder the development of the market. Among them, copper is an important raw material, and its price fluctuates greatly. Large price fluctuations will affect the operation of manufacturers and eventually affect the normal operation of the market.
Region Overview:
Geographically, North America held the largest market share - 32.15% in 2022.
Company Overview:
The Lincoln Electric Co. is one of the major players operating in the Braze Alloys market, holding a share of 11.76% in 2023.
The Lincoln Electric Co.
The Lincoln Electric Company manufactures arc-welding products. The Company offers stick, engine driven welders, welding guns, torches, robotic and automated welding systems, wire, and wire feeders. Lincoln Electric provides products for the automotive, general fabrication, offshore, pipeline, power generation, and nuclear energy sectors.
Saxonia Edelmetalle GmbH
Saxonia Edelmetalle GmbH provides precious mental mining services. The Company offers silver, gold, and platinum.
Segmentation Overview:
Among different product types, Copper segment is anticipated to contribute the largest market share in 2028.
Application Overview:
In the Braze Alloys market, 41.73% of the total value was generated through the Electrical and Electronics segment by application in 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Braze Alloys market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Braze Alloys Market Report:
Market Size Estimates: Braze Alloys market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Braze Alloys market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Braze Alloys market
Segment Market Analysis: Braze Alloys market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Braze Alloys market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Braze Alloys Market: Revenue and sales volume of major countries in each region
Braze Alloys Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Braze Alloys market in major regions.
Braze Alloys Industry Value Chain: Braze Alloys market raw materials & suppliers, manufacturing process, distributors, downstream customers
Braze Alloys Industry News, Policies & Regulations
Key players in the global Braze Alloys market are covered in Chapter 12:
Hangzhou Huaguang Advanced Welding Materials Co., Ltd.
Umicore
voestalpine Böhler Welding
Pietro Galliani Brazing S.p.A.
The VBC Group Ltd.
Wall Colmonoy Corporation
Prince Izant Co.
Thessco Group
Johnson Matthey Plc
Aimtek Inc.
The Lincoln Electric Co.
Zhejiang Seleno Science and Technology Co., Ltd.
OC Oerlikon Management AG
Saxonia Edelmetalle GmbH
Morgan Advanced Materials Plc
Lucas-Milhaupt Inc.
Cupro Alloys Corp.
In Chapter 2 and Chapter 15.1, based on types, the Braze Alloys market from 2018 to 2028 is primarily split into:
Copper
Nickel
Gold
Silver
Aluminium
Others
In Chapter 3 and Chapter 15.2, based on applications, the Braze Alloys market from 2018 to 2028 covers:
Automotive
Electrical and Electronics
Aerospace
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Braze Alloys market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028