Global Brass Rods Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Brass Rods Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Brass Rod is a solid brass machined product supplied in straight form with a uniform cross-section along its entire length and the raw materials are mainly scrap copper and electrolytic copper. Drawn rods with a diameter less than or equal to 12mm can also be supplied in rolls. Brass rods are an alloy of copper and zinc. The other elements often contained are lead, tin, and aluminum. Zinc content significantly impacts the properties of brass rods. Brass rods have good machinability and electrical conductivity and are widely used in construction, transportation, electric, and other industries.

Market Overview:

The latest research study on the global Brass Rods market finds that the global Brass Rods market reached a value of USD 19214.66 million in 2023. It’s expected that the market will achieve USD 26144.0 million by 2029, exhibiting a CAGR of 5.27% during the forecast period.

Due to the start of the war and the imposition of sanctions, the direct supply chain with Russia and Ukraine and the supply chain via Russia to Asia were disrupted. Generally speaking, the brass rod enterprises in the war zone or the industrial chain route passing through the war zone are the most affected.

Russia and Ukraine are countries with important commodity resources in the world, such as grain, crude oil, and natural gas, so the conflict between the two will have an impact on the global commodity supply. The brass rod industry mainly focuses on the supply of copper, while Russia's copper production is mainly supplied to the country, with a small proportion of exports. Therefore, the direct impact of the Russo-Ukrainian war on global copper supply is limited.

The economic impact of the Russia-Ukraine war is transmitted through three main channels: higher food prices, higher energy prices, and tighter financial conditions. This could have a negative impact on the growth of the European Brass Rod Enterprises. In addition, economic development in the least developed regions may be delayed by higher food prices, resulting in slower urbanization.

Drivers

As a non-ferrous metal processing industry, brass rod is a basic industry for industrial development.
Wide application of brass rod products.

Constraints and Challenges

Raw material prices fluctuate: Copper, as the target of commodity futures trading, is not only affected by changes in the demand of the real economy but also vulnerable to the impact of financial capital.
Lead leaching is a challenge for brass rod applications

Emerging Market Trends

The development and production of lead-free alloys with excellent performance and rich and cheap elements may be a trend in the future development of the brass rod industry.

Region Overview:

Middle East and Africa had the highest growth rate of all regions in 2023.

In 2022, the share of the Brass Rods market in Asia Pacific stood at 69.01%.

Company Overview:

Ningbo Jintian is one of the major players operating in the Brass Rods market, holding a share of 7.31% in 2023.

Ningbo Jintian, Wieland, Zhejiang Hailiang Co., Ltd., Daechang and Tongling Nonferrous Metals are the five key players in the global Brass Rods market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Brass Rod market in the past 5 years.

Segmentation Overview:

The Ordinary Brass Rod segment by type showed a value growth of 4.82% in 2022.

Among different product types, Special Brass Rods segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Construction segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Brass Rods market covered in Chapter 3:

Wieland
Ningbo Jinglong
CHALCO
Foshan Guodong Copper Manufacturing Co., Ltd.
Mueller Industries
Zhejiang Hailiang Co., Ltd.
ALMAG SPA
Tongling Nonferrous Metals
Sanchuan
Ningbo Jintian
Daechang

In Chapter 4 and Chapter 14.2, on the basis of types, the Brass Rods market from 2019 to 2030 is primarily split into:

Ordinary Brass Rods
Special Brass Rods

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Brass Rods market from 2019 to 2030 covers:

Construction
Transportation
Electronic
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)