Brazing consumables are the materials used in the brazing process which involves heating, metal filler & alloys, including silver, copper, and zinc. It is used in the joining of two metals which provide a strong bond. Growing technological advancement in automotive and other end-use industries including building & construction, manufacturing, electronics & electrical, marine, oil & gas, and others are likely to boost the market growth during the forecast period. In addition, huge investment in infrastructure, industrialization, and rapid urbanization in developing countries are other driving factors of the market.
Furthermore, rising Research and development spending for development in new production methods are likely to fuel the market growth during the forecast period. However, volatility in prices of raw materials and slow adoption of the technology in developing countries are likely to hamper the market growth during the forecast period.
Get Sample Report : https://marketresearchstrategy.com/request-sample-report/1011
Based on Product Type, the industry is bifurcated into Silver Brazing, Aluminum Brazing, Copper Brazing, and Nickel Brazing. Among these, the aluminum brazing category held the largest share due to the rising product demand from the automotive industry as aluminum is widely used in the automotive, heating, ventilation & air conditioning (HVAC), and refrigeration industries.
Based on Technique, the market is segmented into Torch brazing, Furnace brazing, Braze welding, Resistance Brazing, Induction Brazing, and Dip brazing. The Torch brazing segment witnessed the largest market share during the forecast period as the technique has been adopted in various industries for its versatility and high-quality connections.
Based on Application, the market is bifurcated into Automotive, Aerospace & Aviation, Oil & Gas, Chemicals & Petrochemicals, Electronics & Electrical, and others. The Automotive segment is projected to hold the largest market share in the Brazing Consumables market during the forecast period owing to the increasing demand from the automotive industry. It is used for pipe fittings, tanks, radiators, electrical parts, and manufacturing appliances, among others.
Regionally, the Asia-Pacific region holds the largest revenue share in 2020 and is estimated to register significant growth during the forecast period due to the growing demand for brazing consumables in the manufacturing industry and rapid economic development in the region. On the other hand, the Latin American region is accounted for the promising growth rate during the study period owing to the rising demand for automobile production.
Some of the prominent players are Aimtec, AlcoTec Wire Company, Bellman-Melcor LLC, GEE Limited, Castolin Eutectic, Harris Products Group, Turbo Braze Corporation, Johnson Matthey Plc., Wilhelmsen, Indian Solder and Braze Alloys, Lucas-Milhaupt Inc., Morgan Advanced Materials, Oerlikon Metco, Kymera International, Senor Metals Pvt. Ltd., Pietro Galliani Brazing, Saru Silver Alloy, Sentes-BIR, VBC Group, and Ador Welding Ltd., among others.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of Brazing Consumables Market by product type, technique, application, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Get Detail Report: https://marketresearchstrategy.com/reports/construction-machinery-equipment/brazing-consumables-market