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Jul 13, 2023

Braze Alloys Market Anticipates Rapid Expansion: Fueling Advancements in Joining Technologies

Braze alloys, a combination of base metals with a melting point above 450°C, are widely used in joining various materials in industries like automotive, aerospace, and electronics. Their exceptional

Braze alloys, a combination of base metals with a melting point above 450°C, are widely used in joining various materials in industries like automotive, aerospace, and electronics. Their exceptional bonding properties create strong and durable connections, enabling breakthrough innovations in complex engineering applications. With the ability to withstand high temperatures and harsh environments, braze alloys play a crucial role in enhancing structural integrity and performance across diverse sectors.

The market survey by FMI found the global sales of braze alloys, in terms of value, reached a net worth of around US$ 2,678.9 million in 2022. Furthermore, this report predicts the whole market could experience strong growth this year and reach an estimated value of about US$ 2,759.3 million.

During the projection period of FMI from 2023 to 2033, this forecast shows a promising yearly growth rate of 4.5% for this market. Additionally, the FMI research points the global market to a great worth of US$ 4,285.1 million by 2033.

This development trajectory is driven by the rising demand for braze alloys across numerous sectors, including construction, electronics, automotive, and aerospace. Such alloys are essential for attaching different materials and components for their outstanding strength, corrosion resistance, and great thermal conductivity.

Besides the expanding automotive and electronics industries, the demand for braze alloys is driven by the emerging nations’ fast industrialization and infrastructure expansion. Also, the growing emphasis on energy-efficient technologies, improvements in production techniques, and an increase in the use of lightweight materials have increased their usability.

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Key Takeaways from the Braze Alloys Market Study Report

Competitive Landscape for the Braze Alloys Market Players

Johnson Matthey, Morgan Advanced Materials, Lucas-Milhaupt, Oerlikon Metco, Umicore, Bellman-Melcor LLC, Harimatec Czech, S.R.O, and VBC Group are some top players in this market. These leading businesses are concentrating on product innovation, strategic partnerships, and mergers and acquisitions to preserve a competitive edge in this changing market environment.

The market prediction shows significant long-term development potential, pointing to profitable prospects for industry participants and stakeholders recently entering this sector. Moreover, the booming electronics and automobile industries in the Asia Pacific countries are anticipated to create better opportunities for the market players. Additionally, the start-ups merging in this region are making huge investments in research and development projects for creating improved braze alloys and compete in the global market.

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Recent Developments by the Braze Alloys Manufacturing Industries

In August 2021, a new multipurpose solder paste was introduced, by Indium Corporation, by the name of Indium12. The company claims electronics, medical equipment, and aircraft are just a few of the targeted sectors for which this paste has been developed.

In April 2022, Special Metals Co. introduced a brand-new series of brazing alloys, particularly for the aircraft sector. These alloys are intended to be highly corrosion-resistant with improved temperature resistance for aeronautical applications.

The top Key Players are

Key Segments Profiled in the Braze Alloys Market Survey

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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