Bronze Market, By Type ( silicon bronze, aluminium bronze, phosphor bronze, lead bronze, manganese bronze and others), By Process (casting, forging, extrusion and other processes), By End User (marine, architecture, Automotive and transport, electrical and electronics and others), By Region (North America, Europe, Asia Pacific, Middle East and Africa, South America) – Market Size and Forecast to 2032

The Global Bronze Market is projected to reach USD  11.78 Billion by 2022 at a CAGR o f2.9%. Bronze is one of the oldest metals known to humans. Bronze can also be made by combining copper with metals like arsenic, zinc, silicon, aluminum, phosphorus, manganese, and nickel.

Bronze is obtained as a hard, golden, and brittle metal. It contains certain properties like high ductility as well as low friction against other metals that make it the most desirable for the combination with different metals in several applications.

Apart from this, bronze is a perfect choice to use around explosive or flammable materials as striking it against a hard surface doesn’t generate sparks. Moreover, it also provides high corrosion resistance and has a richer look than brass due to a tinge of red color. Bronze is employed in various types of applications like bearings, architectural infrastructural, electrical contacts, musical instruments, machine tools, and bronze wool in woodworking.

Covid-19 Impact

Globally, the coronavirus pandemic is causing widespread disruption. Various companies are not adequately prepared for recognizing the possible impact on their business of this and are not fully capable of implementing plans for minimizing the upheaval caused that included organizations having high levels of organizational resilience.

On the other hand, while this crisis unfolds, the producers of metals and metal alloys will have to boost forecasts related to the potential for lowering the demand among downstream steel customers especially those that can be classified as non-essential. In recent times, commodity prices have witnessed unprecedented pressures along with the mining industry trying to find clues to the level of near-term demand.

Bronze Market

Bronze Market Fig 1

Driving Factors

Rising use of aluminum and phosphor bronze in the manufacture of marine hardware like oil and gas platforms, fasteners, pumps, and valve parts, heat exchangers, shipbuilding, bearings, desalination plants, and pipe fittings where resistance to wear, chemical corrosion, and fatigue are the key factors that are increasing the bronze market growth.

Over the forecast period, the rising use of bronze for electrical conduit manufacturing is anticipated to fuel the overall market growth across the world. On the other hand, the increasing use of bronze for electrical conduit output is going to fill the development of global bronze market demand across the world during the forecast period.

Restraining Factors

The degradation of drones due to oxidation is going to hamper the development of the market over the forecasted time frame. This and the increasing questions over the use of the lead in bronze items and a lack of professional workers in bronze foundry activities are likely to affect the bronze market demand over the forecast period.

Segmentation

By Type Analysis

Based on type, the global bronze market is segmented into silicone bronze, aluminum bronze, phosphor bronze, lead bronze, manganese bronze, and others. Among these, the aluminum bronze segment is anticipated to record the highest CAGR during the forecast period. Aluminum bronze is mainly used for making hardware, bearings, and valve pumps for marine sleeves which treat corrosive as well as acidic fluids.

By Process Analysis

Based on the production process, the bronze market is segmented into casting, forging, extrusion, and other processes. Owing to the increasing use by bronze makers the bronze casting segment is holding the highest market share that allows the manufacturers for creating large sizes and shapes for the end-use industry.

By End-Use Analysis

Based on the end user, the global bronze market is segmented into marine, architecture, Automotive and transport, electrical and electronics, and others. Due to the increasing consumption of bronze material in various components like fittings, valves, bearings, and others the marine segment is dominating the market with the largest share and it is going to continue its dominance over the forecast period.

By Region Analysis

Based on the region, the bronze market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Asia-pacific is predicted to record the highest market share due to the presence of a large number of manufacturing units in the region.

Developing countries like India, China, and South Korea are dominating the global bronze sector in the Asia Pacific region due to the increasing population and rapid economic growth which in turn is expected to increase the bronze demand during the project time frame.

Not only but also the increasing market for aluminum bronze alloys as well as the increased demand for aerospace and marine industry has resulted in a tremendous demand for bronze. In addition, Japan provides the most considerable demand for infrastructural products in the Asia Pacific.

Bronze Market

Fig 2:  Bronze Market

Key Industry Players

The strong rivalry among the market players has motivated the market players for creating bronze mixers that could be special and have various applications in the industry. Thus industry’s mergers, acquisitions, collaborations, and product launches help in creating modern and creative strategies for higher performance and greater productivity.

List of Key Companies Profiled

  • Advance Bronze Incorporated
  • Farners Copper Ltd
  • Materion Corporation
  • Wieland Matetal, Inc.
  • KME Germany GmbH & Co KG
  • CONCAST METAL PRODUCTS CO
  • National Bronze Michigan
  • PMX Industries, Inc
  • Aviva Metals
  • Aurubis UK

Key Industry Developments

  • GHS Strings launched the latest in its line of acoustic guitar strings, thin core phosphor bronze, which is going to drive the market as musical instruments are the major end-use products when it comes to bronze.

By Type

  • Phosphor Bronze
  • Aluminium Bronze
  • Silicon Bronze
  • Manganese Bronze
  • Leaded Bronze
  • Others

By Process

  • Bronze Forging
  • Bronze Casting
  • Bronze Extrusion
  • Others

By End-Use

  • Marine
  • Architecture
  • Automotive and Transportation
  • Electrical and Electronics
  • Others

Regional Coverage:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Russia
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe 
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia Pacific 
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America

FAQs Answered in the Report

  • In the bronze industry, what are the most important regional markets?
  • What is the market segmentation based on the type?
  • What is the market segmentation based on end-user?
  • What are the different phases of the market’s value chain?
  • What are the major drivers and threats in the market?
  • Who are the main players in the market and what is their structure?
  • What level of rivalry does the bronze market have?
  • What are the profit margins in the market?

Objectives of this report:

  • To estimate the market size for the bronze market on a regional and global basis.
  • To identify major segments in the bronze market and evaluate their market shares and demand.
  • To provide a competitive scenario for the bronze market with major developments observed by key companies in the historic years.
  • To evaluate key factors governing the dynamics of the bronze market with their potential gravity during the forecast period.

Reasons to Buy This Report:

  • It provides niche insights for a decision about every possible segment helping in the strategic decision-making process.
  • Market size estimation of the bronze market on a regional and global basis.
  • A unique research design for market size estimation and forecast.
  • Identification of major companies operating in the market with related developments
  • Exhaustive scope to cover all the possible segments helping every stakeholder in the bronze market.

Customization:

This study is customized to meet your specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country
  • Product Specific Competitive Analysis

For more information, contact: sales@quincemarketinsights.com