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Braze Alloys Market to 2018 - 2026: Johnson Matthey, Voestalpine Böhler Welding, Oerlikon Metco, UMICORE N.V., Morgan Advanced Materials, Indian Solder
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Braze Alloys Market – Overview
Brazing is a process that joins two or more metals by melting them and flowing another metal in the joint, known as filler metal, which has lower melting point compared to adjoining metals. The filler metal used in the brazing process is referred to as braze alloys. The melting temperature of a braze alloy should generally be higher than 450°C, but not more than the melting temperature of the base metal. At its melting point, braze alloy melts and distributes itself between the work pieces due to the capillary action. Braze alloys can be utilized in a number of forms such as paste, powder, tapes, foils and braze wires, and rods.
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In terms of base metal, the braze alloys market has been segmented into gold, silver, copper, aluminum, nickel, and others (including cadmium, cobalt, and iron). Gold-based braze alloys possess exceptional wettability, corrosion resistance, and are suitable for applications with high service temperatures. Silver-based braze alloys possess good electrical conductivity, and are ductile and self-fluxing in nature.
Copper-based braze alloys are commonly used for brazing alloys and carbon steels, nickel, copper-nickel, and stainless-steel. They offer excellent electrical and thermal conductivity and high corrosion resistance. In terms of value and volume, the copper segment held major share of the global braze alloys market in 2017. The segment is expected to continue its dominance during the forecast period. Aluminum-based braze metals are generally utilized for brazing aluminum pieces. The others segment includes braze alloys based on other metals such as nickel and palladium.
Based on end-use industry, the braze alloys market has been classified into electronics and electrical, automotive, industrial, and others (including construction, aerospace, medical, and dental). Brazed components are employed extensively in the electrical & electronics industry. They are also used in the automobile industry for various purposes. Rise in manufacture of automobiles and automobile parts has boosted the demand for braze alloys in the automotive sector. This, in turn, is driving the attractiveness of the automotive segment.
Based on region, the global braze alloys market has been segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to lead the market during the forecast period, primarily due to the growth in industries that employ braze alloys in the region, especially in developing countries such as India and China. The market in Asia Pacific is anticipated to expand at a substantial pace during the forecast period, followed by that in North America and Europe. The braze alloys market in North America and Europe is mature. Hence, it is projected to expand at a sluggish pace during the forecast period. The U.S. is likely to constitute prominent share of the braze alloys market in North America in the near future.
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The report analyzes and forecasts the braze alloys market at the global and regional levels. The market has been forecast in terms of volume (tons) and revenue (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global braze alloys market. It also covers the expected impact of these drivers and restraints on the demand for braze alloys during the forecast period. The report also highlights growth opportunities for the braze alloys market at the global and regional levels.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global braze alloys market. The Porter’s Five Forces model for the braze alloys market has also been included to help understand the competition landscape. The study encompasses market attractiveness analysis, wherein segments have been benchmarked by base metal and end-use industry based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global braze alloys market by segmenting it in terms of base metal, end-use industry, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes current and future demand for braze alloys in North America,
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