Market Overview:
Brass is a metallic alloy
synthesized by combination of copper and zinc. The varying proportion of copper
and zinc provides different types of brass alloys with different mechanical and
electrical properties. Foil is a thin sheet of metal made out by high pressure
rolling or hammering the bar of parent metal. The metal is needed to be
malleable for obtaining thinner sheet or foil. Brass foils exhibit an
important properties such as mechanical, electrical and metallurgical
properties, smooth and bright surface finish. In addition to this, brass foils
are highly durable, sustainable, 100% recyclable, which mitigate environmental
concerns and make it preferable in making durable machinery parts. The Global
Metal Foils Market is estimated grow at 6.5% during the forecast period.
Growing demand of portable electronics around the world is anticipated to fuel
the demand of brass foil.
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Competitive Analysis:
Key players in the Global Brass
Foil Market are Arcotech Ltd. (India), Rajshree Metals (India), G.T. Metals
& Tubes (India), Global Metals (U.S.), Olin Brass (U.S.), A.J. Oster (U.S.)
Grand Metal Corporation (India), Ekaton Ltd. (U.K.), AMCO Metall-Service GmbH
(Germany), and MP Metall Produkte (Germany) among others.
Market Segmentation:
The Global Brass Foil Market is
segmented on the basis type, end use industry, and region. On the basis of type
the market is divided into Oxygen-Free High Conductivity Copper (OFHC),
Electrolytic Tough Pitch (ETP) copper, Deoxidized High Phosphorous (DHP)
copper, Deoxidized Low Phosphorous (DLP) copper. Among these types, OFHC
is holding major share of overall demand in brass foils. OFHC finds major
applications electrical and electronics industry. It includes microwave tube,
vacuum capacitors, vacuum seals and wave guides. The largest application of
OFHC can be seen in the hadron collider, which is the world’s largest particle
collider built to investigate the structure of sub-atomic particles. ETP copper
is another important type of brass foils, which is extensively used in
automotive and electrical industry. Its basic properties such as greater
tensile strength and electrical conductivity makes it useful in transformer
windings, bus bars, and motor windings. DHP is major used in manufacturing the
industrial machinery distillery, heat exchanger shells, kettles, and condenser
tubes. The durability and recyclability of this product is expected to favor
its demand from industrial machinery segment, in coming year. Lastly, DLP is
another important type of brass foil. It is majorly used in automotive and
electrical industries as connectors, terminals, relays and components of
semiconductor.
Based on end use industries the
Global Brass
Foils Market is segmented into electrical &
electronics, automotive, construction, industrial machinery, and others,
wherein electrical & electronics segment is consuming maximum overall brass
foils. Global electrical & electronics market is growing at highest rate
among the other end user industries of brass foils. There is increasing
penetration of power electricity in hitherto untapped remote areas, which is
expected to fuel the demand of Brass Foils. Automotive industry is steadily
growing with an increasing demand of vehicles around the world. The embedded
electronics in automotive is constantly penetrating further due to an advent of
hybrid vehicles. In coming years the electric vehicle market is anticipated to
rise manifolds on account of environmental concerns against use of the
conventional fuel based vehicles. This, in turn is projected to propel the
growth of the Global Brass Foils Market .
Moreover, rapid industrialization in developing countries would increase the
demand of brass foil in manufacturing the industrial machinery. Construction
activities are constantly increasing to provide shelter to the growing
population, which may witness growth in demand of brass foils from construction
segment.
Regional Analysis:
The Global Brass Foil Market is
divided into five key regions including Asia Pacific, Europe, North America,
Middle East & Africa, and Latin America. Asia pacific accounts for 54%
share of the global brass foil market owing the growth of demand from growing
electrical & electronics industry in this region. India, China, and Japan
are leading the regional market due to the presence of major key players and
end use industries. Europe is the second most significant region in the Global
Brass Foil Market, wherein Germany, U.K, France, and Italy are the major
markets. This is attributed to the established automotive industry in this
region which is the major consumer of brass foils. North America is closely
following Europe in terms of the market size. U.S. is the major shareholder of
this regional Brass Foils Industrydue to
the increasing demand of brass foils by reconstruction activities and
automotive industry. The Middle East & Africa is projected to grow at
considerable CAGR owing to the increasing construction activities and rapidly
growing sports industry during the forecast period. Lastly, Latin America is
anticipated to gain momentum to join hand with leading regions in the global Brass
Foils Market .
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