The North America braze alloys market is experiencing substantial growth, propelled by manufacturing, automotive, and electronics applications. Renowned for superior joining capabilities, braze alloys are extensively employed in bonding dissimilar materials, particularly in components such as radiators, heat exchangers, and engine parts. Their remarkable strength, corrosion resistance, and high-temperature resilience ensure dependable performance across diverse sectors.
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Data Bridge Market Research analyses that the North America Braze Alloys Market will grow at a CAGR of 4.6% during the forecast period of 2022 to 2029. Stringent adherence to quality standards across industries promotes the utilization of braze alloys, guaranteeing the dependability and durability of joined components. This emphasis on quality enhances the alloys' market acceptance and application versatility.
Key Findings of the Study
Aerospace sector expansion is expected to drive the market's growth rate
The expanding aerospace sector is a key driver for the braze alloys market. Braze alloys play a pivotal role in this industry by providing lightweight yet robust joints, meeting the stringent requirements for aircraft components. As the demand for fuel-efficient and high-performance aerospace materials rises, the unique properties of braze alloys make them indispensable, contributing significantly to the growth and advancement of the market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Segments Covered
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Metal (Nickel, Cobalt, Silver, Gold, Aluminum, Copper, Steel, Iron, Magnesium, Titanium, and Others), Filler Material (Braze Powder, Braze Paste, Braze Tape, Braze Preform, Braze Foil and Braze Rod and Wire), Technology (Torch Brazing, Furnace Brazing, Induction Brazing, Dip Brazing, Resistance Brazing, Infrared Brazing, Exothermic Brazing, Blanket Brazing, Electron Beam/Laser Brazing, Braze Welding, Dissociated Ammonia, Vacuum Brazing, Hydrogen Brazing, Fuel Gas Brazing and Others), Form (Pipe, Tube, Sheet, Strip, Plate, Round Bar, Flat, Bar, Wire, and Others), Production Temperature (Less than 900 °C, 901 °C to 1000 °C, 1001 °C to 1200 °C and Above 1200 °C), End Use (Aerospace and Defense, Electronics and Electrical, Automotive, Marine, Chemicals, Building and Construction and Others)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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Johnson Matthey (U.K.), OC Oerlikon Management AG (Switzerland), Sulzer Ltd (Switzerland), Belmont Metals (U.S.), Harris Products Group (U.S.), Morgan Advanced Materials (U.K.), Aimtek, Inc. (U.S.), Lucas-Milhaupt, Inc. (U.S.), Esprix Technologies (U.S.), Indium Corporation (U.S.), AMETEK, Inc. (U.S.), TSI Technologies (U.S.), ESAB (Subsidiary of Colfax Corporation) (U.S.), Umicore (Belgium)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The North America braze alloys market is segmented on the basis of metal, filler material, technology, form, production temperature, and end use.
- On the basis of metals, the North America braze alloys market is segmented into silver, copper, nickel, gold, titanium, steel, aluminum, cobalt, iron, magnesium and other
- On the basis of filler material, the North America braze alloys market is segmented into the braze paste, braze rod and wire, braze powder, braze preform, braze foil and braze tape
- On the basis of technology the North America braze alloys market is segmented into torch brazing, furnace brazing, resistance brazing, induction brazing, dip brazing, infrared brazing, vacuum brazing, electron beam/laser brazing, exothermic brazing, braze welding, hydrogen brazing, blanket brazing, dissociated ammonia, fuel gas brazing, and others
- On the basis of form, the North America braze alloys market is segmented into wire, strip, bar, pipe, tube, flat, sheet, plate, round bar and others
- On the basis of production temperature, the North America braze alloys market is segmented into 1001°C to 1200°C, less than 900°C, 901°C to 1000°C and above 1200°C
- On the basis of end use, the North America braze alloys market is segmented into automotive, aerospace and defense, electronics and electrical, building and construction, chemicals, marine, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major North America braze alloys market players in North America braze alloys market are Esprix Technologies (U.S.), Indium Corporation (U.S.), AMETEK, Inc. (U.S.), TSI Technologies (U.S.), ESAB (Subsidiary of Colfax Corporation) (U.S.), Umicore (Belgium)
Market Developments
- In August 2021, Indium Corporation launched Indium12.8HF, a solder paste designed for superior jetting and micro dispensing, expanding the company's reach by meeting evolving electronics manufacturing demands, solidifying its leadership in solder materials, and fostering business growth
- In June 2021, ESAB launched a chrome-molybdenum filler metal as part of its B3 SC electrodes and fluxes range. Specifically designed for ASME "B3" pressure, power, and process piping applications, this introduction aims to enhance welding outcomes. The launch positions ESAB for rapid growth in the upcoming years, addressing critical needs in welding technology for industries involved in pressure, power, and process piping
- In June 2021, OC Oerlikon Management AG successfully concluded the acquisition of Coeurdor, a leading full-service provider renowned for crafting components in the luxury goods sector. Specializing in designing, manufacturing, and coating metallic components for prestigious luxury brands, Coeurdor offers OC Oerlikon a strategic gateway into the lucrative luxury goods market. This strategic acquisition is anticipated to play a substantial role in driving OC Oerlikon's revenue growth, leveraging Coeurdor's expertise and established presence in the luxury sector
- In March 2021, AMETEK Inc. successfully acquired EGS Automation, a move to strengthen AMETEK dunkermotoren's automation solutions portfolio. This strategic acquisition positions AMETEK to expand its offerings and elevate its competitiveness in the market. The integration of EGS Automation's capabilities is anticipated to contribute to revenue growth for AMETEK in the foreseeable future, solidifying its position in the automation industry
- In April 2020, Johnson Matthey and Stena Recycling Group formed a strategic partnership to establish an environmentally sustainable and circular approach to lithium-ion battery recycling. This partnership aims to create an effective value chain for recycling batteries, positioning Johnson Matthey for substantial growth in the coming years
Regional Analysis
Geographically, the countries covered in the North America braze alloys market report are U.S., Canada and Mexico in North America.
As per Data Bridge Market Research analysis:
U.S. is the dominant country in North America braze alloys market during the forecast period 2022-2029
The U.S. dominates the North America braze alloys market, fueled by the increasing applications of these alloys in diverse industries. With a robust industrial base and technological advancements, the U.S. leads in adopting braze alloys for manufacturing, aerospace, automotive, and electronics. This dominance reflects the country's pivotal role in driving innovation and setting trends in the broader North America market for braze alloys.
Canada is estimated to be the fastest growing country in North America braze alloys market during the forecast period 2022-2029
Canada is expected to dominate the North America braze alloys market, driven by the region's growing electronics industry. The increasing demand for braze alloys in electronic applications, which play a vital role in efficient heat dissipation and electrical connectivity, positions Canada as a key influencer in the market. This dominance underscores the country's pivotal role in shaping the growth trajectory of the North America braze alloys sector.
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