Rising Demand for Aluminum Brazing Alloys is Driving the Market
Aluminum Brazing has become prevalent in the automotive and HVAC industries. Most manufacturers are using aluminum components, including evaporator and condenser coils. These brazing alloys are rapidly gaining attention from the automotive industry. They are used in the brazing of automotive heat exchangers. With the increase in demand of automobiles, the brazing alloys market is expected to grow in the future.
Air Conditioning System Making Automotive the Dominating End-User Industry
The global braze alloys market, based on the end-user industry, can be broadly segmented into automotive, electrical & electronics, construction, and others. Automotive industry is expected to dominate the braze alloys market, due to the huge application of brazing in evaporator and condenser connections for air-conditioning systems, brake linings, and fuel injection pipes. This end-user industry is also expected to grow at the fastest rate, due to increasing investments for automotive manufacturing in the Asia-Pacific region.
HVAC System in Construction is driving the Asia-Pacific Market
In terms of consumption in 2017, Asia-Pacific held a dominant market share, due to accountability of more than 50% of the global HVAC market. This region is also expected to be an emerging market during the forecast period, with high demand for new construction projects, coupled with increasing investments in the residential, commercial, and industrial development zones. The wet and humid climatic conditions in the Asia-Pacific region is also likely to increase the demand of HVAC, which, in turn, will drive the braze alloys market.
In Nov 2017, Umicore has announced to sell its European Technical Materials Business to SAXONIA Edelmetalle GmbH. The agreement is concerned with the technical materials activities in Germany and Italy, which manufactures contact materials and brazing alloys.
Major Players: Johnson Matthey, Lucas-Milhaupt, Inc., Indian Solder and Brazing Alloys, Morgan Advanced Materials, and Bellman-Melcor LLC Ltd, amongst others.
Reason to Purchase the Report
- To understand the impact of various base metal type on the market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- To understand the dominating base metal type and end-user industry in the market.
- Countries expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3 months analyst support, along with the Market Estimate sheet in excel.
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition within the Industry
4. Market Dynamics
4.1.1 Increasing Adoption Rate of Brazing Process over Processes like Welding and Soldering
4.1.2 Increasing Demand for Aluminum Brazing Alloys from the Automotive Industry
4.2.1 Fluctuating Prices of the Base Metals
4.2.2 Other Restraints
4.3.1 Development of Vacuum Brazing Technology
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Base Metal Type
5.2 By End-user Industry
5.2.2 Electronics & Electrical
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 North America
6.1.1 United States
6.1.4 Rest of North America
6.2.2 United Kingdom
6.2.7 Rest of Europe
6.3.4 South Korea
6.3.5 ASEAN Countries
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa (MEA)
6.5.1 Saudi Arabia
6.5.2 United Arab Emirates
6.5.3 South Africa
6.5.4 Rest of MEA
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
9.2 Bellman-Melcor LLC
9.3 Harris Products Group
9.4 Indian Solder and Brazing Alloys
9.5 Johnson Matthey
9.6 Lucas-Milhaupt, Inc.
9.7 Morgan Advanced Materials
9.8 Oerlikon Metco
9.9 Sulzer Ltd
9.10 SAXONIA Edelmetalle GmbH
9.11 VBC Group
9.12 Saru Silver Alloy Private Limited
9.13 Paras Enterprises
9.14 Cupro Alloys Corporation
*List not exhaustive
**Subject to availability of public domain
- Johnson Matthey
- Lucas-Milhaupt Inc.
- Indian Solder And Brazing Alloys
- Morgan Advanced Materials,Bellman-Melcor LLC Ltd.
- Harris Products Group
- Oerlikon Metco
- Sulzer Ltd SAxonia Edelmetalle Gmbh
- VBC Group SAru Silver Alloy Private Limited
- Paras Enterprises
- Cupro Alloys Corporation.