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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Ankur Gupta, Head Marketing &
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