Global Bronze Market - Latest Market Trends and Industry Insights
According to a new report published by Reports Monitor titled, “ Global Bronze Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the Bronze market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Bronze element has been beneficial in the manufacturing of musical instruments, sculpture making and many others including anti-corrosive applications. It has versatile features such as ductility, stiffness, fusibility and high resistance to corrosion.
Its unique set of features is making it highly useful in a wide various application fields such as aerospace and defense, marine, automotive, construction and more. Moreover, its utilization in the industrial and manufacturing sectors is increasing its demand, fuelling market growth. On the contrary, bronze is expensive and possesses certain drawbacks such as the bronze disease, which is nearly an unstoppable corrosion process, avoiding its usage in certain applications, slowing down growth of the market.
The Global Bronze market research report provides key insights on the growth opportunities of this market based on regions, applications and upcoming technologies. It includes detailed analysis of the current market situations such as market size, upcoming developments and investments. Major advancements and key strategies of major companies such as mergers and acquisitions, value chain analysis and swot analysis have also been included in this report. The report has been composed by carrying out in-depth analysis of both primary and secondary data sources.
The global bronze market is divided into segments such as the type of metal used to make the bronze alloy and by end-user. On the basis of the type of metal used to form bronze alloy, the market is segmented into aluminum bronze, phosphor bronze, silicon bronze, leaded tin bronze and others. On the basis of end-user, the market is divided into aerospace and defense, marine, automotive, industrial, construction, electrical and electronics and others. For instance, the Energy Industries of Ohio, Oak Ridge National Laboratory, Republic Engineered Products, and Amerifab, Inc., developed and installed several components of a Basic Oxygen Furnaces (BOF) with aluminum bronze alloy material. They replaced carbon steel components with aluminum bronze alloy which reduced metal failure, increased productivity, improved operating safety, and reduced energy consumption in the steel making process.
The market in Asia Pacific is rising owing to an increasing demand of bronze in the industrial and manufacturing sectors. The market has been analyzed across regions North America, Europe, Asia Pacific (APAC) and Latin America, Middle East and Africa (LAMEA).
The key players in this market are: Lebronze Alloys, Diehl Metall Stiftung & Co. KG, Wieland Metals Inc., KME Germany GMBH & Co. KG, LDM B.V., Concast Metal Products Co., National Bronze & Metals, Inc., PMX Industries Inc., Ningbo Boway Alloy Material Co Ltd. and Ningbo Xingye Shengtai Group Co. Ltd.
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