Global Braze Alloys Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Braze Alloys Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Braze Alloys market finds that the global Braze Alloys market reached a value of USD 2460.46 million in 2022. It’s expected that the market will achieve USD 2869.0 million by 2028, exhibiting a CAGR of 2.59% during the forecast period.

Development of braze technology provides growth opportunities for the market

As an advanced material connection technology, braze has been paid more and more attention by researchers of various countries. This kind of braze technology research is more and more in-depth, braze technology is developing. Developed technology will reverse the growth of demand and market development. For example, vacuum braze. Vacuum braze is to realize the connection of materials under vacuum condition by using the melting, wetting and diffusion of solder, the interface reaction between solder and substrate material, and the cooling and solidification of solder. By not using flux, the corrosion resistance of the product is significantly improved and various contaminations are avoided. Vacuum braze reduces production costs by eliminating the need for complex flux cleaning procedures. Vacuum braze filler metal has good wettability and fluidity, and can weld more complex and narrower channel devices. Tens of millions of welds of complex parts can be welded at the same time. Vacuum braze technology has incomparable advantages and is widely used in plate-fin heat exchangers and coolers of air separation equipment, petrochemical equipment, construction machinery, vehicles, ships, household appliances and other industries.

Volatility in metal prices could hamper market growth

The raw material cost of the braze alloy accounts for a large proportion of the total cost. The company needs to combine raw materials according to the formula, develop and produce solders that meet the needs of customers in different industries, and obtain relatively stable profits. If the price of raw materials fluctuates in a non-unidirectional manner, under the pricing and settlement model of raw materials + processing fees, the company will be able to pass the changes in raw material prices to the downstream to a large extent, so that the market will work well. If the price of raw materials drops sharply or unilaterally in a short period of time, it will affect the normal operation of existing companies in the market and eventually hinder the development of the market. Among them, copper is an important raw material, and its price fluctuates greatly. Large price fluctuations will affect the operation of manufacturers and eventually affect the normal operation of the market.

Region Overview:

Geographically, North America held the largest market share – 32.15% in 2022.

Company Overview:

The Lincoln Electric Co. is one of the major players operating in the Braze Alloys market, holding a share of 11.76% in 2023.

The Lincoln Electric Co.

The Lincoln Electric Company manufactures arc-welding products. The Company offers stick, engine driven welders, welding guns, torches, robotic and automated welding systems, wire, and wire feeders. Lincoln Electric provides products for the automotive, general fabrication, offshore, pipeline, power generation, and nuclear energy sectors.

Saxonia Edelmetalle GmbH

Saxonia Edelmetalle GmbH provides precious mental mining services. The Company offers silver, gold, and platinum.

Segmentation Overview:

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

Application Overview:

In the Braze Alloys market, 41.73% of the total value was generated through the Electrical and Electronics segment by application in 2022.

Key Companies in the global Braze Alloys market covered in Chapter 3:

The Lincoln Electric Co.
Prince Izant Co.
voestalpine Böhler Welding
Hangzhou Huaguang Advanced Welding Materials Co., Ltd.
Thessco Group
Umicore
Wall Colmonoy Corporation
Johnson Matthey Plc
Cupro Alloys Corp.
Aimtek Inc.
The VBC Group Ltd.
Lucas-Milhaupt Inc.
Pietro Galliani Brazing S.p.A.
Zhejiang Seleno Science and Technology Co., Ltd.
OC Oerlikon Management AG
Morgan Advanced Materials Plc
Saxonia Edelmetalle GmbH

In Chapter 4 and Chapter 14.2, on the basis of types, the Braze Alloys market from 2018 to 2029 is primarily split into:

Copper
Nickel
Gold
Silver
Aluminium
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Braze Alloys market from 2018 to 2029 covers:

Automotive
Electrical and Electronics
Aerospace
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) 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)