Market Overview:
Bronze Market
is an alloy primarily consisting of copper and around 12% tin. It is reddish
brown in color and its history dated back to 3500 BC. Bronze is widely
used since its discovery for making various artifacts & sculpture, armor
& weapons, tools, coins & medals, bronze mirrors, traditional building
material such as bronze tiles, musical instruments such as bells and singing
bowls, ornaments, utensils, and bronze plate among other. The global bronze
market is expected to be majorly driven by a wide range of applications in
various industry such as architecture, marine, automotive, electrical &
electronics, and other industries.
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Competitive Analysis
·
Farmers
Copper Ltd.
·
Advance
Bronze Incorporated
·
Wieland Metals Inc
· Lebronze
alloys
·
KME
Germany GmbH & Co KG
·
LDM
B.V.
·
CONCAST
METAL PRODUCTS CO.
·
Aviva
Metals
·
PMX
Industries Inc
·
Powerway
Alloy
Market Segmentation
The global bronze market is segmented by type, process,
end-use industry, and region.
On the basis of the type, the global bronze market is
segmented into standard bronze, aluminum bronze, phosphor bronze, silicon
bronze, manganese bronze, leaded bronze, and others.
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On the basis of the process, the global bronze market is
segmented into bronze castings, bronze extrusions, and bronze forgings.
On the basis of the end-user industry, the global bronze
market is segmented into architecture, marine, automotive, electrical &
electronics and others.
On the basis of the region, the global bronze is segmented
into Asia Pacific, North America, Europe, Latin America, and the Middle East
& Africa.
Regional Analysis:
The global Bronze
Market is spanned across five regions namely Asia Pacific, North
America, Europe, Latin America, and the Middle East and Africa.
Asia Pacific is expected to be the fastest growing market for
Bronze owing to its rising population and rapid economic development. Numerous
applications in end-user industries such as marine, electrical &
electronics, and automotive industry among other are driving the regional
bronze market and the market is expected to witness high growth over the
forecast period. Asia Pacific is the key region supplying ultra-large ship
vessels across the globe due to their superior fuel efficiency, thereby, it is
expected to ensure steady revenue source for the bronze market over the
forecast period. Strong electrical & electronics industry base in Japan,
South Korea, and Taiwan was driving the demand for bronze based electrical
& electronics components in 2017 and is expected to continue the same
during the forecast period. Additionally, large automobile industry in China is
expected to fuel the demand for bronze based automotive components during the
forecast period. Easy relaxed norms due to “FDI India” is expected to expand
footprints of North American and European manufacturers in the region during
the forecast period.
North America and Europe markets are expected to be the major
region after Asia Pacific, in terms of market size. Established renovation
industry is expected to show bolstering growth for the bronze market due to its
wide applications in sculptures & artifacts, shopfronts, claddings,
paneling, door fittings, window frames, hinges, tabletops, and drapes for
furniture among others. Furthermore, substantial automotive industry in Germany
is expected to drive the demand for bronze components for various applications.
From the last few years, microelectronics industry in Germany has been
witnessing a significant growth for bronze due to growing demand for automotive
components.
The Middle East & Africa is expected to witness high
demand for bronze mainly from the architecture and marine industry. Ongoing
infrastructural projects are undertaken by the government to flourish tourism
industry, which is expected to drive substantial demand for bronze in the
architecture industry owing to its authentic and rich appearance. Furthermore,
marine industry has witnessed a significant growth in the past few years due to
export business, growing demand for luxurious yachts, water sports, leisure
boats as well as personal submarines, and is expected to show an exponential
growth over the forecast period to flourish tourism industry.
Latin America is expected to witness rising demand for bronze
during the assessment period. Favorable geography, huge export business, and
large investment projects are the major contributor to the growth of the
regional marine industry, which is expected to boost the bronze market further
over the forecast period.
Intended
Audience
- Bronze manufacturers
- Traders and distributors of bronze
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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