Market Overview:
The global Babbitt metal market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for Babbitt metal in various applications, such as plain bearings and other applications. In terms of type, the Tin-based Babbitt segment is expected to lead the global market during the forecast period, owing to its properties such as high thermal conductivity and low friction coefficient. In terms of region, North America is expected to lead the global market during the forecast period due to increase in demand from end-use industries such as automotive and aerospace.
Product Definition:
Babbitt metal is a soft, lead-based alloy that is used as a bearing surface in many rotating parts. It has a low coefficient of friction and good wear resistance, making it an ideal choice for use in bearings. Babbitt metal is also corrosion-resistant, making it well suited for use in marine applications.
Tin-Based Babbitt:
Tin-based babbit is a tin alloy of high melting point with babbitt metal, which has applications in solders and alloys. It's major application is in the production of low-order joints used for piping systems. Tin based babbit (SnB) has been gaining importance as a substitute to lead-based solder due to its better mechanical properties, such as higher thermal stability and less corrosion on electronic components.
Lead-Based Babbitt:
Lead-based babbit (LBB) is a type of lead alloy containing tin, antimony, and bismuth. Lead-based babbit has been used as an additive in the production of Babbitt metal since 1857. It helps in increasing hardness and tensile strength while decreasing softness or ductility of the alloy.
Application Insights:
Plain bearing was the largest application segment in 2017 and is projected to maintain its dominance over the forecast period. It is widely used in automotive, construction and industrial applications. The product has a low friction coefficient as compared to other metals, which makes it suitable for use in plain bearings. Moreover, rising demand from various industries including automotive and construction will fuel industry expansion over the coming years.
The increasing popularity of automobiles across developing countries such as India, China and Brazil is expected to have a positive impact on industry growth over the forecast period. In addition, growing urbanization along with rising disposable income levels will drive consumer demand for vehicles resulting in higher production volumes of babbitt metal products over the coming years.
Regional Analysis:
Asia Pacific was the largest market in 2016 and accounted for a share of over 50% owing to the high demand from end-use industries such as industrial machinery, automotive, construction equipment and others. The region is expected to continue its dominance over the forecast period on account of increasing manufacturing activities in countries including China, India, Japan and South Korea.
The growing population coupled with rising living standards have resulted in increased consumer spending on household appliances including refrigerators/freezers; washing machines; dishwashers; cookers & ranges; microwave ovens among others. This trend is projected to propel product demand further driving industry growth across this region during the forecast period.
North America emerged as one of the major consumers due to presence of numerous manufacturers along with large consumer base for industrial machinery used by various industries such as food processing & services, pharmaceuticals & chemicals among others which require reliable bearing products at low cost.
Growth Factors:
- Increasing demand from the automotive and transportation industry for lightweight and durable metals to manufacture vehicles and components.
- Growing demand for Babbitt metal in the electrical equipment industry due to its excellent properties such as thermal conductivity, corrosion resistance, and wear resistance.
- Rising investments in mining and exploration activities to meet the growing demand for Babbitt metal worldwide.
- Technological advancements that have led to the development of new alloys of Babbitt metal with better properties than traditional alloys.
Scope Of The Report
Report Attributes
Report Details
Report Title
Babbitt Metal Market Research Report
By Type
Tin-Based Babbitt, Lead-Based Babbitt
By Application
Plain Bearing, Other
By Companies
AIM Metals & Alloys, Belmont Metals, NEY, Non Ferrous Metals Inc., Mars Metal, CA Group, Jia Da Specialty Metals, Shangshui Xiangyu, China Huaxi Alloy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Babbitt Metal Market Report Segments:
The global Babbitt Metal market is segmented on the basis of:
Types
Tin-Based Babbitt, Lead-Based Babbitt
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Plain Bearing, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AIM Metals & Alloys
- Belmont Metals
- NEY
- Non Ferrous Metals Inc.
- Mars Metal
- CA Group
- Jia Da Specialty Metals
- Shangshui Xiangyu
- China Huaxi Alloy
Highlights of The Babbitt Metal Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tin-Based Babbitt
- Lead-Based Babbitt
- By Application:
- Plain Bearing
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Babbitt Metal Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Babbitt metal is a type of alloy that is made up of two or more different metals. It can be a mixture of copper, nickel, and other metals.
Some of the major players in the babbitt metal market are AIM Metals & Alloys, Belmont Metals, NEY, Non Ferrous Metals Inc., Mars Metal, CA Group, Jia Da Specialty Metals, Shangshui Xiangyu, China Huaxi Alloy.
The babbitt metal market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Babbitt Metal Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Babbitt Metal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Babbitt Metal Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Babbitt Metal Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Babbitt Metal Market Size & Forecast, 2020-2028
4.5.1 Babbitt Metal Market Size and Y-o-Y Growth
4.5.2 Babbitt Metal Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Tin-Based Babbitt
5.2.2 Lead-Based Babbitt
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Plain Bearing
6.2.2 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Babbitt Metal Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Babbitt Metal Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Tin-Based Babbitt
9.6.2 Lead-Based Babbitt
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Plain Bearing
9.10.2 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Tin-Based Babbitt
10.6.2 Lead-Based Babbitt
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Plain Bearing
10.10.2 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Tin-Based Babbitt
11.6.2 Lead-Based Babbitt
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Plain Bearing
11.10.2 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Tin-Based Babbitt
12.6.2 Lead-Based Babbitt
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Plain Bearing
12.10.2 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Tin-Based Babbitt
13.6.2 Lead-Based Babbitt
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Plain Bearing
13.10.2 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Babbitt Metal Market: Competitive Dashboard
14.2 Global Babbitt Metal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AIM Metals & Alloys
14.3.2 Belmont Metals
14.3.3 NEY
14.3.4 Non Ferrous Metals Inc.
14.3.5 Mars Metal
14.3.6 CA Group
14.3.7 Jia Da Specialty Metals
14.3.8 Shangshui Xiangyu
14.3.9 China Huaxi Alloy
