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Type: PDF
Status: Syndicate
Categories: Chemical
Report Code : CH23
No. of Pages : 150
Brazing is the process of combining two metals by employing a filler metal. In the brazing process, the filler metal is slightly heated above its melting point and enabled to flow through capillary action in between the two base metals which require joining such as silver and gold. This process is generally undertaken by using a controlled atmosphere known as the flux.
The global silver-and gold-based brazing market 2023 was approximately USD 1.1 billion. The market is expected to grow at a CAGR of 1.8 % in the next five years i.e., 2023-2030. The rising demand from developing economies for silver- and gold-based brazing materials is projected to bolster the growth of this market. Rapid economic growth in countries such as India has majorly contributed to the growth of various macroeconomics factors, thereby escalating the demand for brazing applications.
Therefore, the fast growth in the HVAC&R, manufacturing, and aerospace sectors will positively impact the market for silver- and gold-based brazing materials over the forecast period. On the other hand, the fluctuating prices of the raw materials are anticipated to hamper the market growth.
The market for global silver- and gold-based brazing market is intensely competitive and is highly fragmented. The vendors in the biodegradable mulch film market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.
Key companies analysed in the market are Johnson Matthey, Lucas-Milhaupt, Morgan Advanced Materials, Aimtek, Bellman-Melcor, Harris Products, Indian Solder and Braze Alloys, Linbraze, Materion, Pietro Galliani Brazing, Prince and Izant, Saru Silver Alloy, Sentes-BIR, Umicore, Voestalpine Bohler Welding, Wieland-Edelmetalle, Others.
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