Brass Foils Market - Segmentation, Top Key Player and Analysis
Posted by Market Research Future on September 7th, 2021
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.
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.
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.
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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