Global Brass Rods Market was valued US$ XX Mn in 2019 and is expected to grow US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.
The report study has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Brass rod is a composite of Copper and Zinc which is famous for its immense strength and shield against corrosion. Brass rods are hollow pieces of leaded brass mostly manufactured in the shape of a rod used for machining applications. These rods show superior mechanical properties and are resistant to corrosion with high electrical conductivity. These rods come in a varied range of sizes and find their use in the manufacture of precision tools used in electronics, sanitary ware, automotive, industrial equipment, plumbing, and architecture. It is useful for the marine construction industry because of its durability, corrosive resistance, and hard material.
The increased rate of plumbing and architectural activities carried out in the ever-expanding construction sector is the driving factor for the brass rod market growth. Also, an increase is being experienced in the popularity of brass rods in marine constructions on account of their corrosion-free properties. A hike in the alloy usages as the need for more strength in construction industries is flourishing, these facets are expected to push the global brass rods market growth. The augmented demand for high-end electrical and electronic devices will further force the growth of the brass rod market as these rods form a worthwhile option in the manufacturing sector because of their lightweight and high strength. Rapid industrialization will help in the exponential growth of the market due to the increased adoption of these rods in industrial machinery. Additionally, the brass rods market is increasing especially since the rise in the development activities in varied developing economies like India, China, and Indonesia.
On the other hand, alternative materials used in constructions and the absence of metal extraction might act as possible restraint for the brass rod market. Also, the corrosive nature of the rods under stress and weakening due to dezincification could be restraining factors.
Asia Pacific held the largest market share of the global brass rods market in 2018, in terms of value and volume. This is mainly due to the upsurge in demand for brass rods in plumbing fittings, industrial machinery, and electrical & electronics applications. Also, an increase in construction activities in the Asia Pacific, due to the development of residential and industrial infrastructure, mainly in developing countries such as China, India, and Indonesia, is expected to boost the brass rods market in the region during the forecast period. Technological advances in manufacturing processes have increased the demand for high strength materials in several industrial sectors in the Asia Pacific region. This is likely to increase the demand for high-tensile brass rods in the future. North America and Europe have held a significant share of the global brass rods market in 2018 followed by the Asia Pacific.
The objective of the report is to present a comprehensive analysis of the Global Brass Rods Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Brass Rods Market dynamics, structure by analyzing the market segments and project the Global Brass Rods Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Brass Rods Market make the report investor’s guide.
Scope of the Global Brass Rods Market
Global Brass Rods Market, By Grade
• Free-cutting Brass Rods
• Forging Brass Rods
• High-tensile Brass Rods
• Naval Brass Rods
• Others
Global Brass Rods Market, By Product Type
• Extruded Rods
• Hollow Rods
Global Brass Rods Market, By End-use Industry
• Industrial Machinery
• Automotive
• Electrical & Electronics
• Plumbing Fittings
• Others
Global Brass Rods Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Brass Rods Market
• Mueller Industries, Inc.
• Hailiang Group
• Wieland Group
• Mitsubishi Shindoh Co. Ltd.
• Kobe Steel, Ltd.
• KME Germany GmbH & Co. KG
• Tongling Nonferrous Metals Group Holding Co., Ltd
• Poongsan America Corporation
• Variety Metals Pvt Ltd
• Hi-Tech Extrusion LLP
• Gold Metal Extrusion
• Others
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