Brazing is a metal-joining process which involves joining of two or more metals through melting before using another metal in melted form in the joint as filler. The filler metal also termed as braze alloy which lowers the melting point of main metals that involved in the brazing process. Its melting temperature is usually above 450°C. It provides low base metal attenuation, minimal or no component distortion, and helps in filling wide & small gaps sizes. It is used for producing high power electronic & electric appliances. The key benefits are included cost-effectiveness, ability to join metals with varied components, ductile, self-fluxing and good electrical conductivity.
According to study, “World Braze Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world braze market are The Harris Products Group, Morgan Advanced Materials, Lucas-Milhaupt Inc., Oerlikon Metco, Fusion, Johnson Matthey, Bellman-Melcor LLC, Indium Corporation, Aimtek Inc., Tokyo Braze, Wall Colmonoy, Umicore, Hangzhou Huaguang, VBC Group, Sulzer Ltd., Cupro Alloys Corporation, Shanghai CIMIC, Saxonia Edelmetalle GmbH, Zhejiang Seleno, Saru Silver Alloy Private Limited, Hebei Yuguang, ZRIME, Zhongshan Huazhong, Indian Solder and Brazing Alloys, Jinhua Jinzhong, Tongling Xinxin, Changshu Huayin, SAWC. The key players offer advanced materials for customers’ own brazing requirements, and pre-sintered preforms for reliable repair of critical parts in applications for instance aero-engines, high-pressure systems and gas turbines.
Based on base metal type, braze market is segmented into copper base, silver base, gold base, aluminum base and others (palladium base and nickel base). Copper-based braze holds major share in market owing to their excellent thermal & electrical conductivity and extreme resistance to corrosion. Based on technique, market is segmented into torch brazing, induction brazing, infrared brazing, furnace brazing, and dip brazing, infrared brazing. Based on form, market is segmented into powder, tapes, foils, paste, and braze rods & wires. Based on application, market is segmented into fuel systems, high compressor & low turbine, high pressure turbines, and power units, etc. In addition based on end-use industry, market is segmented into automotive, electronics & electrical, aerospace, construction and other end-user industries. The automotive segment is expected to dominate the market on account of large-scale brazing applications in condenser & evaporator connections for fuel injection pipes, brake linings, and air-conditioning (ACs).
The braze market is driven by rise in demand for aluminum brazing alloys from the automotive industry, followed by increase in adoption rate of brazing process over processes such as welding and soldering, growth in manufacturing activities in aircraft industry, increase in usage of advanced technology, rise in demand from consumers and increase in number of research & development (R&D) centers. However, fluctuating prices of the base metals may impact the market. Moreover, development of vacuum brazing technology is a key opportunity for market.
Based on geography, India and China countries hold major share in braze market owing to significant growth in the building & construction industry because of the infrastructural projects. USA and Europe are expected to witness higher growth rate due to presence of large number of players over the forecast period. In upcoming years, it is expected that the market will be reached at fast pace caused by high demand for new construction projects, and increase in investments in the commercial, residential, and industrial development zones.
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World Braze Market Research Report 2024
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