Bronze Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
Bronze is one of the oldest metals known to man. It is defined as an alloy obtained by combining copper with other metals, usually tin. Bronze can also be made by combining copper with metals such as zinc, arsenic, silicon, phosphorus, aluminum, nickel, and manganese. Bronze is obtained as a golden, hard, and brittle metal. It exhibits properties such as high ductility, and low friction against other metals, which makes it highly desirable for combination with various metals, in a number of applications. Moreover, bronze is an ideal choice to use around flammable or explosive materials, as striking it against a hard surface doesn’t generate sparks. Furthermore, it offers high resistance to corrosion, and has a richer look than brass, due to a tinge of red color in it. Bronze is employed in a number of applications such as architectural infrastructure, bearings, musical instruments, electrical contacts, machine tools, and as bronze wool in woodworking. However, bronze is an expensive metal. It develops patina, a green film, as a result of long exposure to moisture. A major drawback of bronze is that it is susceptible to ’Bronze Disease’, which leads to the formation of small, rough, green corrosion spots on bronze due to the combined attack of chlorides and oxygen, in a damp environment. This disease forces the users of bronze to substitute it with the other metals, especially in architectural design applications, as the resulting green spots hamper the overall aesthetics of the architecture.
Based on the metals with which copper is combined to form bronze alloy, the market can be segmented into tin, phosphorus, aluminum, zinc, manganese, arsenic, and silicon. Currently, the market is dominated by tin, as a majority of bronze is manufactured using tin. The typical composition in bronze employing tin is 0.5% to 1% tin, 0.01% to 0.35% phosphorous, and majorly copper. It is also called as phosphor bronze. Tin bronze possesses high strength, high durability, high fatigue resistance, and low coefficient of friction. It is utilized in several applications such as anti-corrosive and electrical components. Tin bronze is anticipated to dominate the bronze market during the forecast period.
Based on application, the bronze market can be segmented into musical instruments, architectural components, medals, and industrial. The industrial application segment dominates the bronze market, and is anticipated to continue its dominance during the forecast period. Bronze is employed to manufacture various industrial products such as bearings, bushings, bellows, washers, springs, etc. Moreover, demand for industrial products made from bronze is increasing due to the rapidly increasing industrialization and expanding manufacturing sector, especially in Asia Pacific. This, in turn, is fuelling the demand for bronze. The bronze market is anticipated to expand at a significant growth rate during the forecast period.
In terms of geography, the global bronze market can be segregated into Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. Asia Pacific dominated the global bronze market due to the presence of a large number of manufacturing industries in the region, especially in developing countries such as China, India, and the ASEAN countries. Rising population and rapid economic development in the region are fuelling the manufacturing industry in the region, which in turn is likely to boost the bronze market during the forecast period. Asia Pacific is anticipated to expand at a significant rate during the forecast period.
Major players operating in the global bronze market include Lebronze Alloys, Ningbo Xingye Shengtai Group Co., Ltd., Ningbo Boway Alloy Material Co Ltd., Diehl Metall Stiftung & Co. KG, PMX Industries Inc., Wieland Metals Inc., KME Germany GMBH & Co. KG, National Bronze & Metals, Inc., LDM B.V., and Concast Metal Products Co.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents
Chemicals and MaterialsSilanes Market - Global Industry Analysis and Opportunity Assessment, 2020-2030