Global Brazing Alloys Market Scope Report

Global Brazing Alloys Market Size, Forecast, and Trend Highlights Over 2023 - 2033

The global brazing alloys market is estimated to garner a revenue of ~ USD 4 billion by the end of 2033 by growing at a CAGR of ~4% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~ USD 3 billion in the year 2022. The spiking manufacturing in the power electronic sector is the primary factor driving the growth of the global brazing alloys market. For instance, it is estimated that the number of personal computers (PC)s shipped worldwide only in 2021 should amount to ~343 million units.

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Brazing is the foremost method followed to join parts in high-power electronic devices. Its application is also found in free-electron devices, including magnetrons and traveling wave tubes.

Global Brazing Alloys Market: Growth Drivers and Challenges

Growth Drivers

• Tremendous Growth of Aerospace Manufacturing – It is projected that despite the pandemic, the global aircraft fleet should have over 22,570 aircraft in service all over the world in 2022. The increasing number of aircraft being manufactured is expected to raise the demand for silver solder. Silver solder alloys are used in aircraft manufacturing, as it, in addition to molding the parts together, also strengthens them to withstand the tremendous heat and stress experienced while flying worldwide.

• Rising Significance of Brazing Alloys in the Energy Sector - Braze alloys are used in the energy sector for various purposes, including fuel cell applications, industrial gas turbine applications, and more. It is estimated that an increase of about 76% is observable in the global count of fuel cell system shipments in 2021, compared to the previous year.

• Growth in Defense Expenditure – The global military spending in 2021 was estimated to reach up to USD 3 trillion.

• Progress in Trenchless Construction Activities – It is estimated that, as of the beginning of 2022, there are over 103,320 miles of pipelines in the plan or under construction all over the world.

Challenges

• Decline in Industrial Activities During COVID-19

• Rising and Falling Costs of Brazing Metals

• Toxic Components in the Flux Materials

The global brazing alloys market is segmented and analyzed for demand and supply by the end-user industry into automotive, aerospace and defense, electrical and electronics, construction, and other end-user industries. Of these, the automotive segment is anticipated to hold the largest market size by the end of 2033. The increase in vehicle production and the wide use of the controlled atmosphere brazing (CAB) process in it for benefits, including superior joint strength and low deformation, are the major factors driving segmental growth. For instance, the number of vehicles manufactured worldwide, only in 2021, is estimated to be over 70 million units.

Global Brazing Alloys Market Regional Synopsis

Regionally, the global brazing alloys market is studied into five major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in the North American region is projected to hold the largest market share by the end of 2033. The increased use of brazing alloys in the technological developments incorporated into the electronic devices used in a variety of sectors is the primary factor driving the regional market growth. It is estimated that only in the second quarter of 2022, the number of PCs shipped in the United States (U.S.) was ~21 million units.

Market Segmentation

Our in-depth analysis of the global brazing alloys market includes the following segments:

Key Companies Dominating the Global Brazing Alloys Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global brazing alloys market that are included in our report are Aimtek, Inc., UMICORE, NV/SA, voestalpine Böhler Welding Group GmbH, Johnson Matthey Plc, OC Oerlikon Corporation AG, Morgan Advanced Materials plc, Lucas-Milhaupt, Inc., Lincoln Electric Holdings Inc., Sulzer Management Ltd., VBC Group Ltd., and others.

Global Brazing Alloys Market: Latest Developments

• February, 2021: Lincoln Electric Holdings Inc. announced having been recognized as one of the world’s most ethical businesses for the fourth time by Ethisphere.

• October, 2018: Morgan Advanced Materials plc announced improving the braze alloys services in the U.S. to help customers in need of critical components for industrial, medical, and aerospace applications.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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