What is Global Brass Bars Market?
The Global Brass Bars Market is a comprehensive study of the global market trends and growth prospects for brass bars. Brass bars are essentially long, solid 'rods' of brass, a type of metal alloy made primarily of copper and zinc. The market for these bars is global in nature, encompassing a wide range of industries and applications across the world. The market's value was estimated at US$ 12660 million in 2022, and it is projected to reach US$ 14070 million by 2029. This represents a compound annual growth rate (CAGR) of 1.5% during the forecast period from 2023 to 2029. The key players in this market include Ningbo Jintian, Tongling Nonferrous Metals, Wieland, KME, and ALMAG SPA. Together, these top 10 manufacturers account for approximately 50% of the market share.
Ordinary Brass Bars, Neutral Brass Bars, High Precision Brass Bars in the Global Brass Bars Market:
The Global Brass Bars Market can be segmented into three main categories: Ordinary Brass Bars, Neutral Brass Bars, and High Precision Brass Bars. Ordinary Brass Bars are the most common type, used in a variety of applications due to their general-purpose nature. Neutral Brass Bars, on the other hand, are specifically designed to have a neutral charge, making them ideal for use in electrical applications. High Precision Brass Bars are engineered to exacting standards, making them suitable for use in high-precision machinery and equipment. Each of these types has its own unique properties and uses, contributing to the overall diversity and versatility of the Global Brass Bars Market.
Machines, Automotive, Electric Appliances in the Global Brass Bars Market:
Brass bars are used in a wide range of applications, including machines, automotive, and electric appliances. In machines, they are often used as components or parts due to their durability and resistance to corrosion. In the automotive industry, brass bars are used in the manufacture of various parts, including connectors, terminals, and fasteners. They are also used in electric appliances, where their electrical conductivity and resistance to corrosion make them ideal for use in electrical contacts and connectors. The versatility and durability of brass bars make them a valuable resource in these and many other industries.
Global Brass Bars Market Outlook:
The Global Brass Bars Market is expected to grow at a steady rate over the forecast period. In 2022, the market was valued at US$ 12660 million, and it is projected to reach US$ 14070 million by 2029. This represents a compound annual growth rate (CAGR) of 1.5% from 2023 to 2029. The market is dominated by key players such as Ningbo Jintian, Tongling Nonferrous Metals, Wieland, KME, and ALMAG SPA, who collectively hold about 50% of the market share.
| Report Metric | Details |
| Report Name | Brass Bars Market |
| Accounted market size in 2023 | US$ 12660 million |
| Forecasted market size in 2030 | US$ 14070 million |
| CAGR | 1.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Ningbo Jintian, Tongling Nonferrous Metals, Wieland, KME, Hailiang Group, CHALCO, ALMAG SPA, Mueller Industries, Ningbo Jinglong, CK San-Etsu Co Ltd, Mitsubishi-shindoh, LDM, Poongsan, EGM Group, Sanchuan |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
