In a recent published report, Kenneth Research has updated the market report for Bronze Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Bronze Market products.
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Global Bronze Market
By End use industry (Marine, Automotive, Industrial), By Type (Aluminum Bronze, Silicon Bronze, Phosphor Bronze ), By Region (North America, South America, Europe, Asia Pacific, Middle East and Africa and Rest of World).
The Global Bronze Market was valued at USD 8.51 billion in 2016 and is projected to reach USD 10.63 billion by 2025, growing at a CAGR of 2.50% from 2017 to 2025.
Bronze is an alloy that consists of copper, with about 12%tin and other metal products. The other additions except copper have useful properties like machinability, stiffness and ductility. There are many different bronze alloys, but modern bronze is 88%copper and 12%tin. Bronze as a raw material is used in musical instruments, ship propellers, and electrical contacts. It is a very hard and wear resistant material used for bearings and machine tools.
1. Market Drivers
1.1 High demand from marine and automotive industries.
1.2 Very high corrosion properties.
2.1 Major rise in cost of raw materials.
2.2 Change of technology in the industries for faster production.
The Global Bronze Market is segmented on the basis of End use industry, Type and Region.
1. By End Use Industry.
1.3 Aerospace & Defense
1.5 Infrastructure & Construction
1.6 Electrical & Electronics
2. By Type:
2.1 Aluminum Bronze
2.2 Silicon Bronze
2.3 Phosphor Bronze
2.4 Leaded Tin Bronze
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Middle East and Africa
3.5 Latin America
3.6 Rest of World.
The major players in the market are as follows:
1. Lebronze Alloys
2. Wieland Metals Inc.
3. LDM B.V.
4. National Bronze & Metals, Inc.
5. Ningbo Boway Alloy Material Co Ltd
6. Diehl Metall Stiftung & Co. Kg
7. KME Germany GmbH & Co Kg.
8. Concast Metal Products Co
9. PMX Industries Inc
10. Ningbo Xingye Shengtai Group Co., Ltd
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Bronze Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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