Brass Market Size, Share, & Industry Analysis, By Type (Wires and Rods), By Application (Machinery, Electrical Component, Plumbing, and Others), and Regional Forecast, 2024-2032

The electrical component segment primarily drives the brass market. Brass is extensively used in electrical applications, such as connecting electrical paths, distributing electricity, and maintaining overpower due to its resistance to corrosion and versatility. Brass is a good conductor of electricity, due to which it is used in low, medium, or high-voltage electrical applications. It is also used in a variety of electrical components, including switchboards, earthing accessories, lighting fittings and control panel accessories.

The plumbing sector also drives the brass market. Brass is extensively used in pipe fittings to connect two pieces of plumbing. This copper alloy is available in various types, such as brass coupling, elbows, tees, and caps. Elbows are used to change the direction of the pipe while tees are used to create a junction between three pipes. Due to its durability and tough strength, it is widely used in pipe fittings. In addition, brass fittings have several different uses, including water supply lines, drain pipes, water pump connections, on/off valves, and relief valves for pressure reduction. Brass water fittings are widely used in water systems as they do not corrode or rust for a long time.

• The Commerce and Industry Ministry of India planned to "give away" 7,000 brass paperweight lions during the 'Make in India Week' in Mumbai, starting from February 13, 2016.

Brass is utilized in the construction of lighting fixtures, lamp holders, sockets, and switches due to its electrical conductivity and aesthetic appeal. Brass components add durability, conductivity, and an attractive finish to lighting products used in residential, commercial, and decorative applications.

By region, the major brass market consumers are China, Japan, and India in Asia Pacific; the U.S. and Canada in North America; Germany and France in Europe; and Saudi Arabia and UAE in the Middle East & Africa.

Segmentation

• In 2022, the Asia Pacific region dominated the brass market with approximately 42% of the market share.
• In 2022, China manufactured around USD 510 billion of electronics components.

• South Korea manufactured approximately USD 340 billion worth of electronic equipment in the year 2022.

Key Insights

The report covers the following key insights:

• Key Market Trends

• Regulatory Scenario of the Brass Market
• Key Developments in the Brass Market
• Latest Technological Advancements
• Impact of COVID-19 on the Brass Market

Analysis by Type

By type, the wire segment holds a significant share of the global brass market.

• The brass wire offers improved corrosion resistance and lower electrical conductivity. Brass wire is also known as high-purity cold-forming brass and is widely used in the production of springs once work hardened. Typical applications for brass wire include electrical connectors, springs, jewellery, mechanical fasteners, scientific components and rivets. It is also widely used in the industrial sectors, including automotive, aerospace, shipbuilding, and electrical engineering.In addition, brass wire is ideal for use in brushes to clean extruded parts. As a non-magnetic material and non-sparking, brass is safe to use in hazardous working environments and is also suitable for use in elevated operating temperatures.

Analysis by Application

By application, the machinery segment holds a considerable share of the global brass market.

• The machinery segment plays a crucial role in the brass market. It is extensively used in the production of machinery such as CNC machines, lathes, milling machines, and presses.
• In addition, CNC machines enable precise cutting and shaping of brass parts, ensuring high quality and accuracy in the final products. Brass extrusion is a process used to produce brass rods, tubes, and profiles of various shapes and sizes, propelling the demand for brass in these components.

Regional Analysis

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Asia Pacific region holds a considerable share of the Brass market. Rapid industrialization and urbanization in countries such as China and India drive the demand for brass products. In addition, infrastructure development projects, including the construction of buildings, roads, bridges, and utilities, require brass components for plumbing, electrical fittings, and architectural hardware, boosting the demand for brass in the Asia Pacific region.

Globally Leading Manufacturers of Electronics, 2022

• China - 35%
• Taiwan - 18%
• South Korea - 12%
• Vietnam - 7%
• Malaysia - 5%
• Rest of the World - 23%

Key Players Covered

The report includes the profiles of key players such as Wieland, Aviva Metals, Daechang, Ningbo Jintian, Tongling Nonferrous Metals, KME, Hailiang Group, CHALCO, ALMAG SPA, Mueller Industries, Ningbo Jinlong, and Sanchuan.

Key Industry Developments

• In January 2022, Germany-based Wieland Group announced plans for a USD 500 million capital investment plan to expand and modernize its facility in East Alton.