Market Size of Braze Alloys Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Braze Alloys Market Analysis
The braze alloys market is expected to register a CAGR of over 4% during the forecast period.
The COVID-19 pandemic had a negative impact on the market. However, it has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.
- The increasing adoption rate of the brazing process over processes like welding and soldering and the increasing demand for aluminum brazing alloys from the automotive industry are expected to drive the market.
- On the other hand, the changing prices of base metals are likely to slow the market's growth.
- In the years to come, the growth of vacuum brazing technology is likely to give the market a chance to grow.
- The Asia-Pacific region is expected to have the biggest share of the market and the highest CAGR over the next five years.
Braze Alloys Industry Segmentation
Braze alloys can be viewed as metallic, high-temperature adhesives. High-temperature brazing alloys, which are based on gold, nickel, and copper, are frequently used to attach ceramic matrix composites to cobalt- or nickel-based superalloys. Base metal, end-user industry, and geography are the market segments for braze alloys. By base metal, the market is segmented into copper, gold, silver, aluminum, and other base metals. By end-user industry, the market is segmented into automotive, aerospace and defense, electrical and electronics, construction, and other end-user industries. The report also covers the market size and forecasts for the braze alloys market in 16 countries across the major regions. For each segment, market sizing and forecasts have been done based on volume (kilotons) and revenue (USD million).
| Base Metal | |
| Copper | |
| Gold | |
| Silver | |
| Aluminum | |
| Other Base Metals |
| End-user Industry | |
| Automotive | |
| Aerospace and Defense | |
| Electrical and Electronics | |
| Construction | |
| Other End-user Industries |
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Braze Alloys Market Size Summary
The braze alloys market is poised for steady growth, driven by the increasing preference for brazing processes over traditional methods like welding and soldering, particularly in the automotive sector. The demand for aluminum brazing alloys is on the rise, fueled by their application in various automotive joining processes such as diode laser brazing and MIG brazing. Despite challenges posed by fluctuating base metal prices, the market is expected to benefit from advancements in vacuum brazing technology. The Asia-Pacific region is anticipated to dominate the market, both in terms of share and growth rate, due to the burgeoning automotive, electrical, and construction industries in countries like China, India, and Japan.
The automotive industry is a significant contributor to the braze alloys market, with substantial vehicle production and sales in regions such as Asia-Pacific and North America. The market is also supported by the growth of the commercial and residential construction sectors, particularly in Asia-Pacific, where increased investment in construction activities is observed. The market landscape is partially consolidated, with key players like Aimtek Inc., The Harris Products Group, and Oerlikon Metco playing pivotal roles. These companies are expected to continue influencing market dynamics through strategic developments and innovations.
Braze Alloys Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Adoption Rate of Brazing Process Over Processes like Welding and Soldering
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1.1.2 Increasing Demand for Aluminum Brazing Alloys from the Automotive Industry
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1.2 Restraints
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1.2.1 Fluctuating Prices of Base Metals
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value and Volume)
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2.1 Base Metal
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2.1.1 Copper
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2.1.2 Gold
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2.1.3 Silver
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2.1.4 Aluminum
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2.1.5 Other Base Metals
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2.2 End-user Industry
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2.2.1 Automotive
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2.2.2 Aerospace and Defense
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2.2.3 Electrical and Electronics
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2.2.4 Construction
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2.2.5 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Spain
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2.3.3.6 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Braze Alloys Market Size FAQs
What is the current Braze Alloys Market size?
The Braze Alloys Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Braze Alloys Market?
Oerlikon Metco, Aimtek, Inc., Sulzer Ltd, The Harris Products Group and Lucas-Milhaupt Inc. are the major companies operating in the Braze Alloys Market.
