Braze Alloys Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Base Metal Type (Copper, Gold, Silver, Aluminum, and Other Base Metal Types), by End-user Industry (Automotive, Aerospace, Electronics and Electrical, Construction, and Other End-user Industries), and Geography

Market Snapshot

CAGR
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The global braze alloys market is expected to grow at a CAGR of over 4% during the forecast period of 2019 - 2024. Increasing adoption rate of brazing process over processes like welding and soldering and increasing demand for aluminum brazing alloys from the automotive industry are expected to drive the market.

  • Fluctuating prices of the base metals is likely to hinder the growth of the market.
  • Development of vacuum brazing technology is likely to provide growth opportunity for the market to grow through the years to come.

Scope of the Report

The global braze alloys market includes:  

Base Metal Type
Copper
Gold
Silver
Aluminum
Other Base Metal Types
End-user Industry
Automotive
Aerospace
Electronics and Electrical
Construction
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa (MEA)
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Growing Usage in Aerospace & Defense Industry

  • In the aerospace industry, braze alloys are used in a variety of advanced military aircraft and commercial aerospace engine components. Brazing alloys are used in various parts of an aircraft engine, to join components exceptionally well, such that, they are able to deliver a strong bond over time in the extreme temperatures present within jet engines.
  • The use of brazing alloys can be found in fuel systems, high pressure turbines, high compressor and low turbine, power units, etc.
  • With brazing alloys improving the thermal barrier in jet engine hot section, the interest of using brazing alloys in the aerospace industry is only expected to rise.
  • In Asia-Pacific, the aerospace industry is growing at a fast rate, as many of the countries have increased their spending on defense platforms and technologies. The aerospace industry in the United States is one of the largest in the world. Europe is continuously investing in new airplanes, with business aviation estimated to increase at a rapid rate in the coming years.
  • In South America, Brazil experienced a growth in its aircraft manufacturing activities, primarily due to Embraer, which is the country’s aircraft manufacturer.
  • With increasing manufacturing activities in the aircraft industry, the demand for brazing alloys is expected to grow through the forecast period.
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United States to Dominate the North America Region

  • United Stated has the largest aerospace industry in the world, one of the largest automotive, marine and construction markets, which is continuously expanding at a steady pace.  
  • The total commercial aircraft fleet in the country is expected to reach 8,290 in 2038, from 7,141 in 2017, owing to the growth in air cargo. Additionally, the US mainliner carrier fleet is expected to grow at an average rate of 45 aircraft per year, as the existing fleet is getting older.
  • Exports of aerospace components to countries, such as France, China, and Germany, along with robust consumer expenditure in the United States, is driving the manufacturing activities in the aerospace industry.
  • The United States is the second-largest producer of automotive, after China. Various automotive manufacturing companies are continuously investing in the country, amid threats from the government to increase levies on auto imports from Mexico.
  • The gradual growth of the commercial construction sector, primarily in office space construction, is likely to have a positive impact on the market studied. Additionally, rise in home sales, coupled with the renovation of the existing houses, is boosting the demand for residential construction in the United States.
  • In terms of size, the electronics market in the United States is the largest. Owing to the usage of advanced technology, increasing number of R&D centers, and rising demand from consumers, the braze alloys market is expected to grow over the forecast period.
  • Owing to the rapid pace of innovation in the advancement of technology and R&D activities in the electronics industry, there is a high demand for newer and faster electronic products. There is a spur in the number of manufacturing plants and development centers in the United States, focusing on high-end products, which is expected to boost the demand for braze alloys over the forecast period.
regional

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Competitive Landscape

The global braze alloys market is partially concentrated in nature. Some of the major players operating in the global braze alloys market include Aimtek, Inc., The Harris Products Group, Lucas-Milhaupt, Oerlikon Metco, and Sulzer Ltd, amongst others.

Major Players

  1. The Harris Products Group
  2. Lucas-Milhaupt
  3. Oerlikon Metco
  4. Aimtek, Inc.

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Adoption Rate of Brazing Process Over Processes Like Welding and Soldering

      2. 4.1.2 Increasing Demand for Aluminum Brazing Alloys from the Automotive Industry

    2. 4.2 Restraints

      1. 4.2.1 Fluctuating Prices of the Base Metals

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters 5 Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Base Metal Type

      1. 5.1.1 Copper

      2. 5.1.2 Gold

      3. 5.1.3 Silver

      4. 5.1.4 Aluminum

      5. 5.1.5 Other Base Metal Types

    2. 5.2 End-user Industry

      1. 5.2.1 Automotive

      2. 5.2.2 Aerospace

      3. 5.2.3 Electronics and Electrical

      4. 5.2.4 Construction

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Spain

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa (MEA)

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Aimtek Inc.

      2. 6.4.2 Bellman-Melcor LLC

      3. 6.4.3 The Harris Products Group

      4. 6.4.4 Indian Solder and Brazing Alloys

      5. 6.4.5 Johnson Matthey

      6. 6.4.6 Lucas-Milhaupt Inc.

      7. 6.4.7 Morgan Advanced Materials

      8. 6.4.8 Oerlikon Metco

      9. 6.4.9 Sulzer Ltd

      10. 6.4.10 Saxonia Edelmetalle GmbH

      11. 6.4.11 VBC Group

      12. 6.4.12 Saru Silver Alloy Private Limited

      13. 6.4.13 Cupro Alloys Corporation

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of Vacuum Brazing Technology

**Subject to Availability

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