Market Overview:
The global brazing wires market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for brazing wires in various applications, such as automotive, electrical appliances, consumer goods, steel pipe, and others. In terms of type, the aluminum brazing wire segment is projected to lead the global market during the forecast period. This can be attributed to its properties such as light weight and corrosion resistance that make it suitable for use in various applications.
Product Definition:
Brazing wires are used to join two pieces of metal together by melting a filler metal (brazing rod) between them. The filler metal is drawn into the joint by capillary action and forms a bond that is stronger than the metals themselves. Brazing wires are important because they allow for strong, reliable joints to be made without welding.
Aluminum Brazing Wire:
Aluminum brazing wire is a special type of metal alloy, which consists of aluminum and other metals such as magnesium and copper. The product has high corrosion resistance property due to the presence of aluminum. It also helps in providing flexibility to the alloy, thereby increasing ductility. These properties make it suitable for use in joining two or more metals together during welding operations.
Copper Brazing Wire:
Copper brazing wire is a special type of electrical copper wire which is used in brazing operations. It has high thermal conductivity and low electrical resistance, making it an ideal material for use in heat transfer applications. The copper braze wires are available with different core sizes and different lengths to suit the requirements of customers depending on their application areas.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Brazing wires are used for joining of automotive components owing to their low thermal conductivity, high melting point, corrosion resistance and electrical properties. These wires are extensively used in engine parts as they provide a solution for joining dissimilar metals without soldering.
The growing demand for electric vehicles is projected to drive brazing wire consumption in automotive industry over the coming years. The rising popularity of ¢â‚¬Ëœconnected cars¢â‚¬â„¢ trend across various regions including North America and Europe is also anticipated to boost market growth over the forecast period.
Regional Analysis:
North America dominated the brazing wires market in 2016 and accounted for over 30% of the global revenue share. The growth is attributed to increasing demand from various end-use industries, such as automotive, consumer goods, electrical appliances and steel pipes. Increasing production of electric vehicles along with growing emphasis on energy conservation by manufacturers is expected to drive product demand in North America.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rapid industrialization coupled with increasing foreign investments in manufacturing facilities of electronic products and automobiles. In addition, rising population coupled with rapid urbanization has resulted in increased construction activities which will fuel industry expansion over the next eight years. Growing infrastructure development activities across emerging economies including India are likely to propel copper wire consumption for soldering applications thereby driving regional market growth during the forecast period from 2017 To 2030 (estimated).
Growth Factors:
- Increasing demand for Brazing Wires from the automotive and transportation sector due to the increasing production of vehicles.
- Growing demand for Brazing Wires in the construction and infrastructure sector due to the increasing spending on construction activities.
- Rising demand for Brazing Wires in the electrical and electronics sector due to the growing adoption of advanced technologies.
- Increasing use of Brazing Wires in medical devices and appliances owing to their properties such as corrosion resistance, high strength, etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
Brazing Wires Market Research Report
By Type
Aluminum Brazing Wire, Copper Brazing Wire, Nickel Base Brazing Wire, Silver Base Brazing Wire, Others
By Application
Automotive, Electrical Appliances, Consumer Goods, Steel Pipe, Others
By Companies
Prince & Izant Co., Zhejiang Xinrui Brazing Technology, Shenzhen Aoreis Technology Co.，Ltd, Prince & Izant Co.
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
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Brazing Wires Market Report Segments:
The global Brazing Wires market is segmented on the basis of:
Types
Aluminum Brazing Wire, Copper Brazing Wire, Nickel Base Brazing Wire, Silver Base Brazing Wire, Others
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
Automotive, Electrical Appliances, Consumer Goods, Steel Pipe, Others
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:
- Prince & Izant Co.
- Zhejiang Xinrui Brazing Technology
- Shenzhen Aoreis Technology Co.，Ltd
- Prince & Izant Co.
Highlights of The Brazing Wires 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:
- Aluminum Brazing Wire
- Copper Brazing Wire
- Nickel Base Brazing Wire
- Silver Base Brazing Wire
- Others
- By Application:
- Automotive
- Electrical Appliances
- Consumer Goods
- Steel Pipe
- Others
- 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 Brazing Wires 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?
Brazing wires are a type of welding wire that is used to join metal pieces together. They are made from a variety of metals, including aluminum, copper, and stainless steel. Brazing wires have small holes in them that allow the molten metal to flow through them easily. This makes it easy to join the two pieces of metal together without having to use a lot of heat or pressure.
Some of the major companies in the brazing wires market are Prince & Izant Co., Zhejiang Xinrui Brazing Technology, Shenzhen Aoreis Technology Co.，Ltd, Prince & Izant Co..
The brazing wires 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 Brazing Wires 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 Brazing Wires Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Brazing Wires 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 Brazing Wires 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 Brazing Wires Market Size & Forecast, 2020-2028
4.5.1 Brazing Wires Market Size and Y-o-Y Growth
4.5.2 Brazing Wires 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 Aluminum Brazing Wire
5.2.2 Copper Brazing Wire
5.2.3 Nickel Base Brazing Wire
5.2.4 Silver Base Brazing Wire
5.2.5 Others
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 Automotive
6.2.2 Electrical Appliances
6.2.3 Consumer Goods
6.2.4 Steel Pipe
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Brazing Wires 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 Brazing Wires 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 Aluminum Brazing Wire
9.6.2 Copper Brazing Wire
9.6.3 Nickel Base Brazing Wire
9.6.4 Silver Base Brazing Wire
9.6.5 Others
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 Automotive
9.10.2 Electrical Appliances
9.10.3 Consumer Goods
9.10.4 Steel Pipe
9.10.5 Others
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 Aluminum Brazing Wire
10.6.2 Copper Brazing Wire
10.6.3 Nickel Base Brazing Wire
10.6.4 Silver Base Brazing Wire
10.6.5 Others
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 Automotive
10.10.2 Electrical Appliances
10.10.3 Consumer Goods
10.10.4 Steel Pipe
10.10.5 Others
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 Aluminum Brazing Wire
11.6.2 Copper Brazing Wire
11.6.3 Nickel Base Brazing Wire
11.6.4 Silver Base Brazing Wire
11.6.5 Others
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 Automotive
11.10.2 Electrical Appliances
11.10.3 Consumer Goods
11.10.4 Steel Pipe
11.10.5 Others
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 Aluminum Brazing Wire
12.6.2 Copper Brazing Wire
12.6.3 Nickel Base Brazing Wire
12.6.4 Silver Base Brazing Wire
12.6.5 Others
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 Automotive
12.10.2 Electrical Appliances
12.10.3 Consumer Goods
12.10.4 Steel Pipe
12.10.5 Others
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 Aluminum Brazing Wire
13.6.2 Copper Brazing Wire
13.6.3 Nickel Base Brazing Wire
13.6.4 Silver Base Brazing Wire
13.6.5 Others
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 Automotive
13.10.2 Electrical Appliances
13.10.3 Consumer Goods
13.10.4 Steel Pipe
13.10.5 Others
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 Brazing Wires Market: Competitive Dashboard
14.2 Global Brazing Wires Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Prince & Izant Co.
14.3.2 Zhejiang Xinrui Brazing Technology
14.3.3 Shenzhen Aoreis Technology Co.，Ltd
14.3.4 Prince & Izant Co.
