Brass Rods Market Global Industry Trends, Share, Size And F...| MENAFN.COM

Tuesday, 06 December 2022 03:57 GMT

Brass Rods Market Global Industry Trends, Share, Size And Forecast Report 2022-2031


(MENAFN- America News Hour) Brass Rods Market: Report Analysis, Share, Market Size, Revenue, Growth Rate With Forecast Overview 2022-2031

“The report on
Brass Rods Market
was recently published by SDKI, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. Moreover, the report also contains identification and investigation of the market structure, in-depth qualitative analysis, restraints & challenges, growth drivers, emerging product trends & market opportunities and Porter's five forces.

Download Sample of This Strategic Report:

Brass Rods Market: Overview

  • Excellent material properties of brass such as corrosion resistance, high durability, and lower costs than copper are driving the demand for brass products such as brass rods. Brass rods possess high strength and low weight properties. They also have the ability to withstand high temperature conditions. Thus, brass rods can be employed in numerous end-use industries.
  • Brass rods are used in a wide range of applications in the production of various types of electrical and electronic components such as valves, fasteners, stems and seats, nuts, pipes, pressure gauges, screens, pins, rivets, washers, radiator parts, and plumbing fittings
  • Rise in demand for plumbing components due to growth in the construction industry and increase in demand for electrical and electronics components are anticipated to boost the demand for brass rods during the forecast period

Brass Rods: Market Segmentation

  • In terms of value, the global brass rods market is anticipated to expand at a CAGR of ~ 3%
    during the forecast period and reach ~ US$ 10 Bn
    by
    2031
  • Based on product type, the extruded rods segment held major share of the global brass rods market in
    2018 , due to its broad array of applications in plumbing fittings and electrical & electronics components
  • In terms of grade, the free-cutting brass rods segment accounted for key share of the global brass rods market in
    2018 , owing to its ease of production and cost effectiveness
  • In terms of end use, the plumbing fittings segment held major share of the global brass rods market in
    2018
  • Asia Pacific was the leading region of the global brass rods market in
    2018.
    The market in the region is estimated to expand at a significant pace between
    2022-2031 .
  • Volatility in prices of raw materials and presence of strong substitutes such as PVC, CPVC, and PEX-based plumbing materials are expected to hamper the global brass rods market during the forecast period

Rise in Construction Activities to Boost Demand for Brass Rods

  • Brass rods are widely employed as fitting components in commercial and residential infrastructure establishments. Brass offers excellent material properties such as high malleability and high thermal capacity.
  • Brass possesses excellent material properties of its raw materials such as copper and zinc. Furthermore, brass does not lose its chemical and thermal properties during the recycling process. Thus, brass is one of the preferred raw materials for plumbing components.
  • Expansion in the construction industry in various developing countries due to the rise in domestic and international investments has augmented the demand for construction components. This, in turn, is anticipated to fuel the demand for brass rods during the forecast period.

Asia Pacific to Maintain its Dominance in Brass Rods Market

  • In terms of value and volume, Asia Pacific constituted prominent share of the global brass rods market in
    2018 . This can be ascribed to the rise in demand for brass rods in plumbing fittings and electrical & electronics applications.
  • Increase in construction activities in Asia Pacific, due to the development of residential and industrial infrastructure, primarily in emerging economies such as China, India, and Indonesia, is estimated to boost the brass rods market in the region during the forecast period
  • Technological developments in manufacturing processes have augmented the demand for high strength materials in various industries in Asia Pacific. This is projected to fuel the demand for high-tensile brass rods during the forecast period.
  • Increase in electrification in developing countries of Asia Pacific has augmented the demand for electrical & electronics devices in the region. This, in turn, is likely to boost the demand for brass rods in the region during the forecast period.
  • North America and Europe also held considerable share of the global brass rods market in
    2018 . The market in these regions is expected to expand at a moderate pace during the forecast period.

Brass Rods Market: Competition Landscape

  • The report comprises detailed profiles of major players operating in the global brass rods market. The report also includes a comparison matrix of the top five players operating in the global market along with product type and end use mapping for
    2018 .
  • The global brass rods market is fragmented, with the presence of a large number of global as well as local players. Companies are primarily focusing on optimizing their operations and lowering prices to gain competitive advantage in the global market. Global players are adopting strategies of acquiring and merging with local players to strengthen their foothold. For instance, in
    2019 ,
    Hailiang Group
    entered into an agreement with
    KME Germany GmbH & Co KG

    to acquire the latter's brass rods and copper tubes operations in Germany and Spain.
  • Prominent players operating in the global brass rods market are
    • 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
Brass Rods Market – Scope of the Report

A new study on the brass rods market presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as structure of the brass rods market. The study offers valuable information on the brass rods market to illustrate how market growth would discern during the forecast period of 2019 to 2027.

Key indicators of market growth, which include value chain analysis as well as supply chain analysis and compounded annual growth rate (CAGR), are elucidated in the study in a comprehensive manner. This data can help readers interpret quantitative growth aspects of the brass rods market during the forecast period.

This study on the brass rods market also provides data on the developments made by major players and stakeholders in the market, along with competitive analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with the trends and restraints in the landscape.

This study also discusses the underlying trends and the impact of various factors that are driving the brass rods market, along with their influence on evolution of the market.

This study also offers Porter's Five Forces analysis, value chain analysis, pricing analysis, and regulatory scenario of the brass rods market in order to elaborate the crucial growth tactics and opportunities for market players operating in the market.

Key Questions Answered in the Study on Brass Rods Market
  • How much revenue is the brass rods market expected to generate by the end of the forecast period?
  • Which region currently accounts for the maximum share of the brass rods market?
  • Which factors are expected to drive the brass rods market during the forecast period?
  • Which region is likely to be lucrative during the forecast period?
  • What are the essential strategies incorporated by key stakeholders in the brass rods market to expand their geographical presence?
  • What are major advancements in the brass rods market?

The report answers these questions about the brass rods market, aiding major stakeholders and key players in making correct decisions and strategizing for growth of their business.

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