Market Insights
Brass is widely
used for its malleability, durability, excellent thermal & electrical
conductivity, strength and strong resistance to corrosion which makes it an
ideal metallic alloy for various applications across a wide range of end-use
industries. Brass is popularly used as a foil due to its characteristics
mentioned above and their superiority over other malleable metals such as
copper, nickel, and aluminum. Primarily used in electronics, automotive and
construction industries, brass foils also find applications in defense, sports,
and industrial machinery industries. Market Research Future has recently
published a detailed report which offers unique insights on the Brass Foils
Market. The report has predicted a steady CAGR over the forecast period of 2017
to 2023. The rapid ongoing growth of the electrical and electronics market has
been identified as a key factor promoting the considerable growth of the Brass
Foils Market.
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Key Players
·
AMCO Metall-Service GmbH
·
MP Metall Produkte
·
Arcotech Ltd.
·
G.T. Metals & Tubes
·
Global Metals
·
Olin Brass, A.J. Oster
·
Grand Metal Corporation
·
Rajshree Metals
·
Ekatron Ltd.
Latest Industry News
Anglo America is
on the verge of selling 30% of its stake in the USD 5.5 billion Quellaveco
project. Situated in southern Peru, the project is considered to be the next
major copper mine in the world. Japanese companies such as Mitsubishi, JX
Nippon Mining & Metals, and Itochu are set to present formal offers. With
the demand for copper set to increase in the next few years and it's importance
in the composition of brass, strong Japanese stakes in this mining project
could further Asia Pacifics dominance of the Brass Foils Market.
Market Segmentation
The Global Brass
Foils Market has been segmented by type, end-use industry, and region.
By type, the
market has been segmented into Oxygen-free High Conductivity Copper (OFHC),
Electrolytic Tough Pitch (ETP) copper, Deoxidized High Phosphorous (DHP)
copper, Deoxidized Low Phosphorous (DLP) copper.
By end-use
industry, the market has been segmented into electrical & electronics,
automotive, construction, industrial machinery, and others. In 2016, the
electrical & electronics industry segment held almost half the market share
of the total market.
By region, the
market has been segmented into, North America, Latin America, Europe, and the
Middle East & Africa.
Regional Analysis
The Asia Pacific
dominated the global market with the most significant market share and is also
the fastest growing region during the forecast period. Accounting for over half
the market share of the overall Brass Foils Market, emerging economies such as
India and China are leading market growth. There is a strong presence of key
players in this region. Increasing demand for personal electric devices and
automotive in emerging economies has made this region a lucrative market for
brass foils.
Europe holds the
next largest share after the Asia Pacific, due to the prominence of the growing
automotive industry in the region. Germany, U.K., France, and Italy are
expected to drive market growth during the forecast period. Growing demand for
electric vehicles in this region due rising to environmental consciousness in
developed countries of this region and the presence of electric automobile
manufacturers will positively impact growth in the region.
North America
closely follows Europe, with U.S. driving significant demand for brass foils.
This primarily due to the growing reconstruction activities and the huge
automotive industry present in this region.
Latin America,
which has recently seen a calming of political and economic unrest is expected
to start showing growth and increased demand in the coming years.
The Middle East
& Africa is expected to grow significantly during the forecast period due
to the rapid growth of some Middle Eastern countries. Increased construction in
U.A.E and Qatar among other countries is expected to drive growth for brass
foils in this region.
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Research Report@ https://www.marketresearchfuture.com/reports/brass-foils-market-4221
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