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Global Brazing Alloys Market InsightDecember 30, 2021 Comments
The brazing alloys is forecast to continue rising over the next four years. According to the World Knowledge Information (WKI) “Global Brazing Alloys Professional Survey Report 2021, Forecast to 2026”, The demand for aluminum brazing alloy in the automotive industry is expected to increase to drive the market.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 6.09% base on WKI regression analysis model.
“From the current situation of the industry, the brazing alloy industry is partially integrated and the industry concentration is high, so it is difficult for new entrants to squeeze into the market.”said Selena, Senior analyst, Chemical & Material Market Research Center in WKI.”Small enterprises can also choose to seek mergers and acquisitions to enhance their strength.”
The increasing demand for brazing process rather than welding and welding in industrial applications will promote the demand growth of brazing alloy market. In addition, brazing alloys are used in various advanced military aircraft and commercial aeroengine components in the aerospace industry. Brazing alloys are used in various components of aircraft engines to connect components very well, so they can provide firm adhesion over time at the extreme temperatures present in jet engines. With the improvement of the thermal barrier of jet engine hot zone by brazing alloy, the demand for brazing alloy in aerospace industry increases, and the expansion of brazing alloy market scale is promoted.
However, the rise in raw material prices is considered to be one of the stumbling blocks in the global brazing alloy market.
The main market participants operating in the global brazing alloys market are UMICORE N.V.,Voestalpine Böhler Welding,Johnson Matthey,Oerlikon Metco,Morgan Advanced Materials,Indian Solder And Braze Alloys,Lucas-Milhaupt Inc.,Paras Enterprises,Bellman-Melcor LLC and others.
Segmentation of Brazing Alloys Market:
According to the classification, the brazing alloy market can be subdivided into gold, silver, copper, aluminum, nickel and others. The copper segment accounts for the main share of the global brazing alloy market. Because copper base brazing alloys are usually used for brazing alloys and carbon steel, nickel, copper nickel and stainless steel. They have excellent electrical and thermal conductivity and high corrosion resistance. According to the application, the brazing alloy market can be divided into electronics and aerospace, automobile, construction and others. Aerospace occupies a dominant position in the market. Because of the increasing demand for metal connection using brazing technology in aerospace applications (such as commercial aero-engine components), this will further promote the increase of demand in the brazing alloy Market and promote the expansion of this market segment.
Brazing Alloys Market: Regional Analysis
In terms of geography, the global brazing alloys market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The Asia Pacific region dominates the brazing alloy Market and continues to maintain its leading position during the forecast period. This is mainly due to the growth of brazing alloy industry in the region, especially in developing countries such as India and China. The Asia Pacific market is expected to expand significantly during the forecast period, followed by North America and Europe. The brazing alloy Market in North America and Europe has matured. Therefore, it is expected to expand at a slow rate during the forecast period. In the near future, the United States is likely to occupy a prominent share in the North American brazing alloy market.
Largest share area：Asia-Pacific
Largest share country：China