Bronze Market Overview:
Bronze Market has a high value of 9.01 billion and a low growth of 2.83% CAGR. The decline in demand for the bronze medal in different end-use sectors is the major reason for its slow growth. However, it is highly unlikely for the bronze market as there is a constant yet small demand from industries where bronze is absolutely essential.
Brexit’s Marine and Environmental Services has ordered a new line handling vessel from a Turkish shipyard for the UK port, two months ahead of Britain’s withdrawal from the European Union. The vessel is equipped with two four-bladed aluminium-bronze propellers for high performance.
Bronze Market Value and Growth:
The Global Bronze market size was around USD 9.01 billion by revenue, at the end of 2018. It is anticipated to grow at CAGR of 2.83 % to reach USD 10.36 billion by 2023.
Bronze Market Drivers and Restraints:
The stable demand from the industrial, automotive and growing demand from aerospace & defines end users for durable, high-pressure resistant and low corrosive metal acts as a major driver to the global bronze market in the forecast period. The increasing use of bronze in the manufacturing of ships and submarines makes the marine industry a major driver to the bronze market majorly in the Asia Pacific region.
However, since the market is close to its saturation the scope of major increment in the growth rate of the market is unlikely. Also, the concentration of the global market in the Asia Pacific region is another restraint to the expansion of the bronze market considering the low future opportunities.
Bronze Market Segmentation Analysis:
Based on the type of rubber the global Bronze market is categorized into Aluminium, Phosphor, Silicon, Leaded Tin, and Others.
Aluminium bronze is projected to be the fastest growing sector among other types of bronze. Aluminium bronze can function in high pressure and extremely corrosive conditions. This property of aluminium bronze makes it fit for industrial and marine end users.
By End Use
Based on the end user of bronze the global bronze market is divided into Industrial, Marine, Infrastructure & Construction, Automotive, Electrical & Electronics, Aerospace & Defence and Others.
Among the above-mentioned end users, the industrial sector is expected to lead the bronze market in the forecast period. High corrosion- resistance is the most important reason for its use in critical industrial applications. However, the market will witness the highest growth in the marine sector of end users followed by industrial use.
Bronze Market Geographical Analysis:
Bronze Market Key Market Players:
By the end of 2018, Ningbo Xingye Shengtai (China), Wieland Metals(US), National Bronze & Metals(US), PMX Industries (US), Ningbo Boway Alloy (China), Lebronze Alloys (France), Diehl Metall , Comcast Metals(US), LDM B.V. (Netherlands), and KME GMBH & Co. KG (Germany) are the leading shareholders of the Global Bronze market.
Some of these companies are currently focused on expansion strategies and are increasingly investing to improve their sales networks across the globe. They are equipped with the latest technology which allows them to expand their range of products based on the rising need from the end-user industry.
Bronze Market Research Report Key Highlights:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.5 Leaded Tin
5.1.7 Y-o-Y Growth Analysis, By Type
5.1.8 Market Attractiveness Analysis, By Type
5.1.9 Market Share Analysis, By Type
5.2 End Use
5.2.4 Infrastructure & Construction
5.2.6 Electrical & Electronics
5.2.7 Aerospace & Defense
5.2.9 Y-o-Y Growth Analysis, By End Use
5.2.10 Market Attractiveness Analysis, By End Use
5.2.11 Market Share Analysis, By End Use
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By End Use
6.1.4 Market Attractiveness Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Type
184.108.40.206 By End Use
6.1.5 Market Share Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By End Use
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Ningbo Xingye Shengtai Group Co., Ltd
8.3 Lebronze Alloys
8.4 Diehl Metall Stiftung & Co. KG
8.5 Wieland Metals Inc.
8.6 LDM B.V.
8.7 Concast Metal Products Co.
8.8 National Bronze & Metals, Inc.
8.9 KME Germany GMBH & Co. KG
8.10 PMX Industries Inc.
8.11 Ningbo Boway Alloy Material Co Ltd
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures