Brass Bars Market Scope
Brass alloy is mainly made of copper and zinc and possesses many of the physical properties of pure copper. It is also recyclable. Typically, brass is comprised of 67 percent copper and 33 percent zinc. Other elements like lead, tin, and iron are added to manufacture the brass bar. Brass bars are the most widely used and least expensive of copper-based alloys. They have relatively good corrosion resistance, moderately high strength, and in some compositions exceptionally good ductility and excellent forming characteristics when shaped by pressing, deep drawing, rolling, and machining.
The Brass Bars market study is segmented by Type (Ordinary Brass Bars, High Precision Brass Bars and Neutral Brass Bars), by Application (Industrial Machinery, Automotive, Electrical & Electronics, Plumbing Fittings and Others (Aerospace, Marine)) and major geographies with country level break-up.
Research Analyst at AMA estimates that United Kingdom Players will contribute to the maximum growth of Global Brass Bars market throughout the predicted period.
Metelec Ltd. (United Kingdom), Holme Dodsworth Metals Limited (United Kingdom), Metalex Limited (United Kingdom), ASC Metals Lincoln LTD (United Kingdom), West Yorkshire Steel Ltd (United Kingdom), Aalco Metals Limited (United Kingdom), ILF LTD (United Kingdom), P+P Non-Ferrous Limited (United Kingdom), Hollinbrow (United Kingdom) and S&D Non-Ferrous Stockholders Ltd. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Ningbo Jintian Copper (Group) CO., LTD. (China), KME Brass Germany GmbH (Germany), Wieland Group (Germany), Mitsubishi Shindoh Co., Ltd. (Japan), ATHENA SPA (Italy), EGM Group (Italy), ALMAG SPA (Italy), Alro Steel (United States), Mueller Industries (United States), Numax Steels (India), Tongling Nonferrous Metals (China) and Aluminum Corporation of China Limited (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Brass Bars market by Type, Application and Region.
On the basis of geography, the market of Brass Bars has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On July 16, 2019, Wieland-Werke AG and Global Brass and Copper Holdings, Inc. have announced that they have completed their previously announced merger. The shared focus on safety and operational excellence, technology, R&D, and providing innovative products, services and solutions will enable the new Wieland Group to collaborate in unique ways with customers worldwide.
Market Trend
- The Growing Trend in Copper and Brass Fixtures in Home Interior Design
Market Drivers
- Increasing Demand of Brass Bar Owing To Their High Ductile Strength, Precision Manufacturing, and Reliability
- Upsurge in Demand from Marine Constructions Owing To Its Corrosion Free Properties
Opportunities
- Upgradations of the Various Alloys Regarding Strengths and Durability
- Rise In the Development Activities in Varied Emerging Economies
Restraints
- High Cost of Brass Bar owing to Fluctuating Prices of Raw Materials
- Lack of Metal Extraction
Challenges
- Alternating Materials Used In Constructions and Industries
- High Cost of Inventory Management
Key Target Audience
Brass Bars Manufacturers, Raw Material Supplier, Traders/Distributors/Exporters/Importers, Industry Bodies & Associations, End-Use Industries and Others
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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