Brazing is defined as the process of joining two similar or dissimilar metals by melting and flowing a filler material between them. Alloys used for brazing process as a filler material. These are known as braze alloys. The braze alloy used shouldpossess a melting temperature lower than that of the metal pieces. Some of the commonly used braze alloys are copper, chromium brass, nickel, monel, medium, and high carbon steel alloyswith a melting temperaturehigher than 450-degreeCelsius. Braze alloys are used in various forms such as powder, foils, paste, wires, rods, and tapes. Selection of braze alloys depends upon the type of brazing process such as torch brazing, furnace brazing, infrared brazing, and others.
Increase in usage ofbraze alloys in the automotive and aviation segmentsare anticipated to increase their demand during the forecast period.In addition, wide application of amorphous alloys in the automotive sector asadvanced filler material due to high flexibility and ductility compared to other filler material is expected to influence the market growth. Moreover, cost efficiency of braze alloys in automotive and aviation manufacturing makes it superior to other joining processes. This further fuels the segment growth. However, fluctuating prices of base materials are anticipated to hinder the growth of the market.Nonetheless, new technology advancements such as Flexicore are expected to transform brittle alloys into flexible materials. This is expected to provide growth opportunities in the upcoming years.
The braze alloys market is segmented into process, base material, application, enduser, and region. Considering the process segment, the market is divided into torch brazing, furnace brazing, induction brazing, infrared brazing, and others.By base material segment, the market is divided into copper, gold, aluminum, and others. The applications segment is classified into turbines, heat exchangers, sub-assembly sensors,and others. Byenduser segment, the market is differentiated into aerospace &defense, electrical &electronics, construction,and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).
Some of the key players operating in the global braze alloys market are Johnson Matthey, voestalpine Böhler Welding GmbH,Oerlikon Metco, Umicore N.V., Morgan Advanced Materials, Indian Solder and Braze Alloys, Paras Enterprise, Lucas-Milhaupt Inc., Bellman-Melcor, Aimtek, Inc., Harris Products Group, and others.
Key Benefits for Stakeholders:
The global braze alloys market size has been analyzed across four major regions.
Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of global braze alloys for strategy building.
The report outlines the current market trends and future scenario of the market size to understand the prevailing opportunities and potential investment pockets.
Major countries in each region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, opportunities and trends along with their detailed impact analysis are elucidated in the study.
The global braze alloys market analysis covers in-depth information of the major industry participants.
Questions answered in the global braze alloys market research report:
What is the growth rate of the market during the forecast period?
What will be the global braze alloys market size?
Who are the leading manufacturing companies in the global braze alloys market?
How the major current trends will shape the market in the future?
What are the driving factors and opportunities in the market?
Which will be the niches at which players profiling with thorough plans, financials, and recent advancements should set a presence?
Braze Alloys Market Report Highlights
By Base Material
Key Market Players
Lucas-Milhaupt Inc., Paras Enterprise, Indian Solder and Braze Alloys, Morgan Advanced Materials, Harris Products Group, voestalpine Böhler Welding GmbH, Oerlikon Metco, Umicore N.V., Johnson Matthey, Bellman-Melcor, Aimtek, Inc.