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

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

Brazing alloys melt when heat is applied to provide material for joining adjacent metal parts in brazing applications. They create strong joints between parts made from similar and dissimilar metals. The base material at the joint is heated with a brazing torch. The brazing alloy is touched to the hot joint to melt and flow the alloy into the joint and join the parts.

Market Overview:

The latest research study on the global Brazing Alloys market finds that the global Brazing Alloys market reached a value of USD 1712.93 million in 2022. It’s expected that the market will achieve USD 2965.71 million by 2028, exhibiting a CAGR of 9.58% during the forecast period.

Market Drivers and Impact

Brazing alloy is especially suitable for welding precision and dissimilar structures because of its conductivity and corrosion resistance. It has a high demand for application in industry and the industry has developed rapidly. Brazing alloy has a wide range of applications, and is currently used in many fields such as automobiles, air conditioners, refrigerators, electrical equipment, aerospace, hardware and bathroom, etc.After years of rapid development of the industry, the product types and manufacturing level have been rapidly improved. As one of the materials for industrial manufacturing, the technological level of production and research and development of brazing alloy has made great progress in these decades. Combined with the development track of manufacturing industry, at the same time, due to the continuous improvement of automation level of downstream customers, the continuous emergence and use of new materials and new processes, and the rapid expansion of brazing alloy application fields. With the rapid development of the downstream market, the market demand for brazing alloy continues to rise, and the industry has a good development prospect.

Market Challenges and Impact

The cost of raw materials is relatively high. If the price of raw materials and commodities rises sharply, the production cost will obviously rise. Some industry customers have certain bargaining power, and Brazing Alloys manufacturers may not be able to completely transfer the new costs to such customers, so this may have an adverse impact on gross profit margin.With the development of the Internet and the rise of e-commerce, the price, product types and product functions of Brazing Alloys tend to be transparent. Before buying Brazing Alloys products, consumers can get a lot of information through network channels, and their autonomy is gradually enhanced. The homogenization of Brazing Alloys products is serious. When consumers choose products, price becomes an important measure. Based on the above reasons, low-price competition has gradually become an important means for Brazing Alloys product enterprises to compete for market share. The phenomenon of low-price competition forces more enterprises to be involved in price wars, and in this process, small and medium-sized enterprises with weak financial strength are more likely to be eliminated by the market. In order to stabilize the market foundation and maintain the profit level of enterprises, various Brazing Alloys product enterprises usually take the following measures: small profits but quick turnover: directly reduce the price of goods to improve the price advantage of products, and then drive the sales of products to increase, relying on product sales to ensure the profits of enterprises; Reduce labor costs: hire cheap labor and extend labor hours to reduce labor costs; Reducing production costs: including reducing raw material costs and production procedures. Reducing raw material costs can be achieved by reducing raw material quality, and reducing production procedures can be achieved by reducing product functions. All of the above methods have drawbacks, because small profits but quick turnover can easily lead to a vicious circle, which requires the financial strength and production capacity of enterprises. At present, labor costs tend to rise, and reducing labor costs in enterprises will affect the stability of employees. Reducing the cost of raw materials will directly lead to the decline of product quality, which is not conducive to the accumulation of product reputation. Therefore, low-price competition has a high degree of damage to enterprises in terms of capital, labor and word of mouth, which is not conducive to the long-term development of enterprises, and then affects the healthy and orderly development of the industry.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview

The top three companies are Hangzhou Huaguang, Harris Products, Lucas-Milhaupt with the revenue market share of 10.53%, 7.94%, 6.63% in 2022.Founded in 1995, Hua Guang Welding specialises in the R&D and manufacture of a broad range of brazing alloys as well as providing customers with brazing expertise. As a leading enterprise in the field of brazing, the company's main products include silver and copper based brazing alloys in the forms of rods, rings, wires, strips, foils, powder and paste, with over 2,800 specifications. The products are widely applied in the industries of HVAC/R, household appliance, electric motor, electrical, medical, automobile, carbide tool, new energy equipment, railroad system, etc.The Harris Products Group is a world leader in metal working products used in the brazing, soldering, welding, cutting and gas distribution industries. The company was formed in 2006 with the merger of Harris Calorific, Inc., a manufacturer of gas welding and cutting equipment and gas regulation and distribution systems, and the J.W. Harris Co., a manufacturer of brazing and soldering alloys and welding consumables.The Harris Products Group currently operates manufacturing facilities in Mason, Ohio, USA; Gainesville, Georgia, USA, Dzierzonow, Poland, and Sao Paulo, Brazil. Each is ISO 9001 certified for quality management systems.

Segmentation Overview:

As for product types, the Aluminum Brazing Alloys segment held the largest market share in 2021.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2017 to 2022.

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

Stella WeldingLucas-MilhauptUmicoreAimtekNihon SuperiorSentes-BIRHangzhou HuaguangJinhua JinzhongTokyo BrazeZhejiang SelenoZhongshan HualePrince & IzantJinhua SanhuanSaxoniaLinbrazeZhongshan HuazhongHarris ProductsSaru Silver AlloyPietro GallianiHebei YuguangWall ColmonoyMaterionMorganIndian Solder and Braze Alloys

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

Aluminum Brazing AlloysCopper Brazing AlloysSilver Brazing AlloysNickel Brazing AlloysOthers

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

AutomotiveAerospaceElectrical IndustryHousehold AppliancesOthers

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)