What is Brass Bars Market Scope?
Brass alloy is mainly made of copper and zinc and possesses many of the physical properties of pure copper. It is also recyclable. Typically, brass is comprised of 67 percent copper and 33 percent zinc. Other elements like lead, tin, and iron are added to manufacture the brass bar. Brass bars are the most widely used and least expensive of copper-based alloys. They have relatively good corrosion resistance, moderately high strength, and in some compositions exceptionally good ductility and excellent forming characteristics when shaped by pressing, deep drawing, rolling, and machining.
The Brass Bars market study is being classified by Type (Ordinary Brass Bars, High Precision Brass Bars and Neutral Brass Bars), by Application (Industrial Machinery, Automotive, Electrical & Electronics, Plumbing Fittings and Others (Aerospace, Marine)) and major geographies with country level break-up.
Research Analyst at AMA predicts that Players from United Kingdom will contribute to the maximum growth of Global Brass Bars market throughout the predicted period.
Metelec Ltd. (United Kingdom), Holme Dodsworth Metals Limited (United Kingdom), Metalex Limited (United Kingdom), ASC Metals Lincoln LTD (United Kingdom), West Yorkshire Steel Ltd (United Kingdom), Aalco Metals Limited (United Kingdom), ILF LTD (United Kingdom), P+P Non-Ferrous Limited (United Kingdom), Hollinbrow (United Kingdom) and S&D Non-Ferrous Stockholders Ltd. (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Ningbo Jintian Copper (Group) CO., LTD. (China), KME Brass Germany GmbH (Germany), Wieland Group (Germany), Mitsubishi Shindoh Co., Ltd. (Japan), ATHENA SPA (Italy), EGM Group (Italy), ALMAG SPA (Italy), Alro Steel (United States), Mueller Industries (United States), Numax Steels (India), Tongling Nonferrous Metals (China) and Aluminum Corporation of China Limited (China).
Analyst at AMA have segmented the market study of Global Brass Bars market by Type, Application and Region.
On the basis of geography, the market of Brass Bars has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On July 16, 2019, Wieland-Werke AG and Global Brass and Copper Holdings, Inc. have announced that they have completed their previously announced merger. The shared focus on safety and operational excellence, technology, R&D, and providing innovative products, services and solutions will enable the new Wieland Group to collaborate in unique ways with customers worldwide.
Influencing Market Trend
- The Growing Trend in Copper and Brass Fixtures in Home Interior Design
- Increasing Demand of Brass Bar Owing To Their High Ductile Strength, Precision Manufacturing, and Reliability
- Upsurge in Demand from Marine Constructions Owing To Its Corrosion Free Properties
- Upgradations of the Various Alloys Regarding Strengths and Durability
- Rise In the Development Activities in Varied Emerging Economies
- High Cost of Brass Bar owing to Fluctuating Prices of Raw Materials
- Lack of Metal Extraction
- Alternating Materials Used In Constructions and Industries
- High Cost of Inventory Management
Key Target AudienceBrass Bars Manufacturers, Raw Material Supplier, Traders/Distributors/Exporters/Importers, Industry Bodies & Associations, End-Use Industries and Others
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