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

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

Copper alloys are metal alloys that have copper as their principal component. They have high resistance against corrosion. The best known traditional types are bronze, where tin is a significant addition, and brass, using zinc instead.

Market Overview:

The latest research study on the global Copper Alloy market finds that the global Copper Alloy market reached a value of USD 55594.9 million in 2022. It’s expected that the market will achieve USD 69617.93 million by 2028, exhibiting a CAGR of 3.82% during the forecast period.

Market Drivers Analysis

Building wiring is the largest market. Copper alloy is the material of choice, Copper alloy's dominance in this market is a testimony to its many strengths. Copper alloy, by virtue of its inherent high conductivity, ductility and strength, has always been the ideal material for conducting electricity. Copper alloy building wire has benefited from the increase in residential energy consumption. This presents an opportunity for the copper alloy industry. Another opportunity for copper alloy usage in this market is an area referred to as power quality in commercial and industrial buildings. This refers to the proper wiring and grounding of buildings and structures to solve power quality problems, such as harmonics and transients. Many of these problems, caused in large part by the proliferation of computers and other electronic equipment, can be solved by the use of heavier gage wire in power legs and neutrals, proper grounding procedures, both inside and outside the building, including adequate lightning protection, use of fewer outlets per circuit, and proper equipment. A Copper Development Association market study determined that there is an opportunity to use as much as 20 - 40 percent more copper alloy wiring simply because of power quality considerations. Therefore, this Will increase the market demand for copper alloys.

Region Overview:

From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Wieland Metals Inc. is one of the major players operating in the Copper Alloy market, holding a share of 9.48% in 2020.

The Wieland Group is a manufacturer of semi-finished products in copper and copper alloys. The group of companies with Wieland-Werke AG as the ultimate parent company is organized into four business units. Since its foundation, the company’s headquarters has been located in Ulm. The Wieland Group has production sites in Asia, Europe and the USA.

Lebronze Alloys is a manufacturer of industrial cooper and aluminium alloys. The company specializes in copper alloys, aluminium alloys and specialty steels.

Segmentation Overview:

Among different product types, Silicon Bronze segment is anticipated to contribute the largest market share in 2027.

Application Overview:

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

Key Companies in the global Copper Alloy market covered in Chapter 3:

Poongsan Corporation
Lebronze Alloys
National Bronze Mfg
Aurubis
Ningbo Boway Alloy Material Co Ltd
Diehl Metall Stiftung & Co. KG
PMX Industries Inc.
Ningbo Xingye Shengtai Group Co., Ltd
Concast Metal Products Co.
Wieland Metals Inc.
National Bronze & Metals, Inc
KME Group
WISCO ESPAÑOLA

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

Red Brass
Semi-red Brass
Manganese Bronze
Tin Bronze
Leaded Tin Bronze
High-leaded Tin Bronze
Aluminium Bronze
Silicon Bronze
Others

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

Construction
Automotive
Electrical Product
Electronics
Industrial
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)