Brass Rods Market Size By Grade, By Product Type, By End Use, By Geographic Scope And Forecast


Posted October 21, 2020 by jennysmith22119

Brass Rods Market was valued at USD 7.54 Billion in 2019 and is projected to reach USD 9.51 Billion by 2027, growing at a CAGR of 2.9 % from 2020 to 2027.

 
Brass Rods Market Size And Forecast
The Global Brass Rods Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Brass Rods Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

Brass Rods Market was valued at USD 7.54 Billion in 2019 and is projected to reach USD 9.51 Billion by 2027, growing at a CAGR of 2.9 % from 2020 to 2027.

What is Brass Rods?
Brass Rod are alloys of Copper and Zinc. They may also comprise minute amounts of other alloying elements to confer advantageous characteristics. Brasses have high corrosion resistance and high lastingness. They are also suited to fabrication by hot forging. Brass Rods are used to produce the force components such as pins, rivets, washers, nuts, pipe, pressure gage, screen, radiator parts. Based on the material type, it can be divided into two kinds. One kind is standard brass rods, which is comprised of copper and zinc; the other kind is distinctive brass rods, which is comprised of copper, zinc, tin (Sn) and other metal.

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Mechanical properties and wear resistance of brass rods are good; hence it has been broadly used to produce precision instruments, ship parts, automobile parts, appliances parts, and instrument parts.Brass is alloy famous for its immense strength, shield against corrosion. It is beneficial for the marine construction industry owing to its durability, corrosive resistant, and hard material. There are various benefits of brass that make it unique.

Global Brass Rods Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

An upsurge is being experienced in the popularity of Brass Rods in marine constructions owing to its corrosion free properties. The Brass Rods market is expanding notably since the rise in the development activities in varied emerging economies. Additionally, a hike in the alloy usages as the urge for more strength in construction industries is booming, these aspects are estimated to propel the global Brass Rods market growth.

However, alternating materials used in constructions and lack of metal extraction might acts as potential restraints for the market. Upgradations of the various alloys regarding strengths and durability can be a key opportunity.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Brass Rods Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.

Global Brass Rods Market Competitive Landscape
The “Global Brass Rods Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Aluminum Corporation of China Limited, Tongling Nonferrous Metals Group Holding Co., Ltd, KME, Hailiang Group, Ningbo Jintian, Mueller Industries, Mitsubishi-shindoh, Kobelco, Wieland, Poongsan, and Others. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Brass Rods Market, By Grade
• Free-cutting Brass Rods
• Forging Brass Rods
• High-tensile Brass Rods
• Naval Brass Rods
• Others

Brass Rods Market, By Product Type
• Extruded Rods
• Hollow Rods

Brass Rods Market, By End Use
• Industrial Machinery
• Automotive
• Electrical & Electronics
• Plumbing Fittings
• Others

Brass Rods Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
o Middle East & Africa
o Latin America

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Last Updated October 21, 2020