Allied Market Research

2024

Brazing Consumables Market

Brazing Consumables Market Size, Share, Competitive Landscape and Trend Analysis Report by End user (Oil Gas Industry, Chemicals Petrochemicals Industry, Water Wastewater (WWW) Treatment Industry, Utilities Sector, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Sonia Mutreja
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Brazing is a process of joining two metal piece that involves heating and addition of a filler metal & alloys such as silver, copper, and zinc. Brazing helps to produce joints that meet the requirement of mechanical performance, pressure tightness, electrical conductivity, corrosion resistance, and service temperature. The market for brazing consumable is growing on the ground of owing to the rising applications across various industry such as electrical and electronics and automotive industry. With the growing demand for automobile production, the brazing market is expected to gain more attention in the near future. The process of brazing differs from welding as the process does not requires the melting of the work pieces and also differs from soldering as the process requires high temperature. The filler material used for the brazing process flow in between the gap of the close fitted parts and fuses them. The filler material is melted slightly above its melting point and is protected by a suitable atmosphere, generally a flux. The importance of brazing and its preference over other options is due to its capability of of  joining same or two different metals with excellent strength.

Brazing consumables are the materials used or consumed during the brazing process in the global market. Flux and filler metals are known as brazing consumables in the global market. When forming strong joint These brazing consumables tend to  melt.  Brazing consumables are mainly used in the Torch brazing, Induction Brazing, Furnace brazing, Braze welding, Vacuum brazing, Dip brazing and Resistance Brazing. 

Covid impact on industry -

COVID-19 pandemic has shut-down the production of various products in the brazing consumables market , mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of brazing consumables market  significantly from last few months, as is likely to continue during 2020.

COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.

The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.

Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.

Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Growth in the construction industry

Brazing technique is one of the very important tools in manufacturing and fabrication industries in the global market. Growth in the construction industry especially in emerging economies such as China and India is expected to be the key factor driving the demand for brazing consumables. Industrialization and rapid urbanization in developing countries are factors leading to the rise in metal joining processes, which in turn is expected to result in high demand for brazing consumables. Rapid growth in the automobile and construction industry is the primary factor driving growth of the global brazing consumables market. Growth of the global brazing products and consumables market is expected to be fueled by increasing number of end-use applications, in which different types of brazing techniques can be used. However, a slow adoption of advanced brazing technologies in developing countries such as China and India are the major restraints for growth of the brazing consumables market in the APAC region.

Increasing need for brazing technology with new automation tools in fabrication

Increasing need for brazing technology with new automation tools in fabrication is expected to be one of the major trends increasing the growth of the global brazing consumables market in the coming years. In developed countries, the demand for brazing automation technology for fabrication and manufacturing purposes is increasing because of a growing shortage of skilled labor. As in many developed countries there is non availability of skilled labors for this work so due to the reason they are adapting into this automation tool.   Furthermore, growth in the production and manufacturing of various end use components that is becoming the requirement of today,   that is to be joined by the brazing process will increase the growth of the global brazing consumables market during the forecast period.

 

Key benefits of the report:

  • This study presents the analytical depiction of the brazing consumables  market along with the current trends and future estimations to determine the future of the market 
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of brazing consumables market share.
  • The current market is quantitatively analyzed to highlight the brazing consumables  market growth scenario.

Brazing Consumables Market Report Highlights

Aspects Details
Brazing Consumables Market By End user
By End user
  • Oil & Gas Industry
  • Chemicals & Petrochemicals Industry
  • Water & Wastewater (W&WW) Treatment Industry
  • Utilities Sector
  • Others
Brazing Consumables Market By Region
By Region
  • North America  (US, Canada)
  • Europe  (Germany, UK, France, Italy, rest of Europe)
  • Asia Pacific  (China, Japan, India, Australia, rest of Asia Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

Harris Products Group, GEE Limited, AlcoTec Wire Company, Aufhauser Corporation, Lucas-Milhaupt, Inc., Kymera International, Wilhelmsen, Senor Metals Pvt. Ltd., FSH WELDING GROUP, Castolin Eutectic, Bellman-Melcor LLC.

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Brazing Consumables Market

Global Opportunity Analysis and Industry Forecast, 2023-2032