Market Insights
Brass is widely used for its
malleability, durability, excellent thermal & electrical conductivity,
strength and strong resistance to corrosion which makes it an ideal metallic
alloy for various applications across a wide range of end-use industries. Brass
is popularly used as a foil due to its characteristics mentioned above and
their superiority over other malleable metals such as copper, nickel, and
aluminum. Primarily used in electronics, automotive and construction
industries, brass foils also find applications in defense, sports, and
industrial machinery industries. Market Research Future has recently published
a detailed report which offers unique insights on the Brass Foils Market. The
report has predicted a steady CAGR over the forecast period of 2017 to 2023.
The rapid ongoing growth of the electrical and electronics market has been
identified as a key factor promoting the considerable growth of the Brass Foils
Market.
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Key Players
·
AMCO Metall-Service GmbH
·
MP Metall Produkte
·
Arcotech Ltd.
·
G.T. Metals & Tubes
·
Global Metals
·
Olin Brass, A.J. Oster
·
Grand Metal Corporation
·
Rajshree Metals
·
Ekatron Ltd.
Latest Industry News
Anglo America is on the verge of
selling 30% of its stake in the USD 5.5 billion Quellaveco project. Situated in
southern Peru, the project is considered to be the next major copper mine in
the world. Japanese companies such as Mitsubishi, JX Nippon Mining &
Metals, and Itochu are set to present formal offers. With the demand for copper
set to increase in the next few years and it's importance in the composition of
brass, strong Japanese stakes in this mining project could further Asia
Pacifics dominance of the Brass Foils Market.
By
type, the market has been segmented into Oxygen-free High Conductivity Copper (OFHC),
Electrolytic Tough Pitch (ETP) copper, Deoxidized High Phosphorous (DHP)
copper, Deoxidized Low Phosphorous (DLP) copper.
By
end-use industry, the market has been segmented into electrical &
electronics, automotive, construction, industrial machinery, and others. In
2016, the electrical & electronics industry segment held almost half the
market share of the total market.
By
region, the market has been segmented into, North America, Latin America,
Europe, and the Middle East & Africa.
Regional Analysis
The
Asia Pacific dominated the global market with the most significant market share
and is also the fastest growing region during the forecast period. Accounting
for over half the market share of the overall Brass Foils Market, emerging
economies such as India and China are leading market growth. There is a strong
presence of key players in this region. Increasing demand for personal electric
devices and automotive in emerging economies has made this region a lucrative
market for brass foils.
Europe
holds the next largest share after the Asia Pacific, due to the prominence of
the growing automotive industry in the region. Germany, U.K., France, and Italy
are expected to drive market growth during the forecast period. Growing demand
for electric vehicles in this region due rising to environmental consciousness
in developed countries of this region and the presence of electric automobile
manufacturers will positively impact growth in the region.
North
America closely follows Europe, with U.S. driving significant demand for brass
foils. This primarily due to the growing reconstruction activities and the huge
automotive industry present in this region.
Latin
America, which has recently seen a calming of political and economic unrest is
expected to start showing growth and increased demand in the coming years.
The
Middle East & Africa is expected to grow significantly during the forecast
period due to the rapid growth of some Middle Eastern countries. Increased
construction in U.A.E and Qatar among other countries is expected to drive
growth for brass foils in this region.
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