GLOBAL BRONZE MARKET REPORT RESEARCH

Market Overview and Latest Updates:

Global Bronze Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2028, at a CAGR of XX % during the forecast period. Bronze is one of the oldest metals known to man. It is defined as an alloy obtained by combining copper with other metals, usually tin. Bronze can also be made by combining copper with metals such as zinc, arsenic, silicon, phosphorus, aluminum, nickel, and manganese. Bronze is obtained as a golden, hard, and brittle metal.

It exhibits properties such as high ductility, and low friction against other metals, which makes it highly desirable for combination with various metals, in a number of applications. Moreover, bronze is an ideal choice to use around flammable or explosive materials, as striking it against a hard surface doesn’t generate sparks. Furthermore, it offers high resistance to corrosion, and has a richer look than brass, due to a tinge of red color in it. Bronze is employed in a number of applications such as architectural infrastructure, bearings, musical instruments, electrical contacts, machine tools, and as bronze wool in woodworking.

However, bronze is an expensive metal. It develops patina, a green film, as a result of long exposure to moisture. A major drawback of bronze is that it is susceptible to ‘Bronze Disease’, which leads to the formation of small, rough, green corrosion spots on bronze due to the combined attack of chlorides and oxygen, in a damp environment. This disease forces the users of bronze to substitute it with the other metals, especially in architectural design applications, as the resulting green spots hamper the overall aesthetics of the architecture. Presently, the global bronze market is led by tin, as most of the bronze is manufactured with the use of tin. The typical composition in bronze is 0.5% to 1% tin, 0.01% to 0.35% phosphorous, and mainly copper. Tin bronze possesses high strength, high durability, high fatigue resistance, and low coefficient of friction.

Recent Development:

• Wieland Metal Services is proud to declare the introduction of its latest website developed to reflect the rebranding of A.J. Oster and Alumet Supply owing to the recent merger of Wieland Group with Global Brass and Copper(GBC). By this, Wieland Metal Services projects to improve the accommodation of the rising metallurgical needs of consumers. The site has been updated to share the brand and capabilities of the merged businesses, Global Brass and Copper (aka A.J. Oster) and Wieland.
• Concast Metal Products Co. is happy to have entered into a collaboration with Lebronze Alloys to become the exclusive distributor of their Hardiall® C72900 alloy in the North American countries. The composite will be provided in standards like AMS 4596, 4597, and 4598. Based in France, Lebronze specializes in the production of copper alloys, nickel alloys, aluminum, titanium, special steel, stainless steel, and superalloys.
• The Miller Company is a separate entity related to Diehl Metall Stiftung & Co. KG since 2000. The company distributes strip made of innovative copper alloys for Diehl Metall Stiftung & Co. KG on the US market. The copper alloys are made at SundwigerMessingwerk in Germany and are further processed by The Miller Company for the US market. Therefore, the Miller Company.
• In July 2019, KME has acquired Tréfimétaux SAS, a French company that carries out it’s copper tubes and copper rods businesses at Givet and Niederbrück plants, respectively, for USD 2.2 million. Besides, Tréfimétaux SAS controls Serravalle Copper Tubes S.r.l., an Italian company engaged in the manufacturing of copper tubes at the plant located in Serravalle Scrivia. The annual turnover of Tréfimétaux SAS is over USD 240 million. This acquisition will help KME to establish its presence in Europe.
• In April 2019, Wieland merged with Global Brass and Copper Holdings, Inc, while acquiring all the shares of GBC. This merger will help the company to diversify the product offerings throughout copper and copper alloy strips and sheets, foils, rods, wires, tubes, and fabricated components, serving a wide variety of industries.
• In February 2019, KME acquired MKM Mansfelder Kupfer und Messing GmbH for USD 88 million and provides MKM 1% shareholding in KME SE. MKM is a major European player in the copper and copper alloys market. This would help KME to increase the production of copper alloys with expertise from the latter.

Objectives:

• To offer comprehensive analysis of the global market structure in terms of value (USD billion) and volume (billion units) along with forecast for the next 08 years of various segments and sub-segments of the Global Bronze Market.
• To offer revelations about factors affecting the market growth.
• To investigate market dynamics of Global Bronze Market.
• To offer historical and forecast revenue of the market segments and sub-segments with respect to six main geographies (North America, South America, Europe, APAC, Africa, and Middle-East) and their countries.
• To offer regional and country level analysis of the market for current and future growth trends, prospects, and their contribution toward the overall market.
• To offer strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments viz. joint ventures, strategic alliances, mergers and acquisitions, new product developments, and R&Ds in the Global Bronze Market.

Market Dynamics:

TRENDS

• Musical Instruments to be the largest Segment

Bronze is well-known to be strong and durable, and it doesn’t get dented easily. This makes bronze a perfect material for cymbals, which are percussion instruments. Mostly, all the professional cymbals are produced from bronze, which provides the desired balance of durability and timbre. Several types of bronzes are preferred for application in cymbals. Some of the most preferred ones for musical instruments include B20 bronze (i.e. 80% copper and 20% tin), which is also known as bell bronze and B8 bronze (i.e. 92% copper and 8% tin). However, companies, such as Meinl, Zildjian, and Paiste has also been experimenting with different tin-to-copper ratios.

• Bronze windings around nylon or steel cores offer a much warmer sound than any other metals, especially for lower notes. Due to this, nowadays bronze is widely used in various stringed instruments such as the double bass, acoustic guitars, piano, harpsichord, and sitar. Bronze strings are generally reserved on pianoforte for the lower pitch tones, as they possess a superior sustain quality to that of high-tensile steel. The other instruments in which bronze finds application includes bells, singing bowls, gongs, and other idiophones. For instance, bronze is used in Tibetan singing bowls, gongs, temple bells of various shapes and sizes, and Javanese gamelan.
• Population of different age groups serve as a customer base for the music instrument industry. The customer base for this industry includes educational institutions, learning children, religious singers, and professional singers. The increasing interest towards music, television shows broadcasting singing competitions, and stardom of profession singers have been some of the factors motivating people to learn about music, which have been driving the demand and growth of musical instrument industry as well. With the increasing demand from various end-user industries, the consumption of aluminum bronze alloys is projected to surge through the forecast period.

DRIVERS

• The prominent factors driving the growth of the global market are increasing application of aluminum and phosphor bronze in the manufacturing of marine hardware such as fasteners, pumps, and valve components, pipe fittings, heat exchanger, bearing, oil & gas platforms, desalination plants, and shipbuilding, where resistance to fatigue, wear, and chemical corrosion is required. The increasing consumption of bronze to produce electrical conduit is expected to boost the growth of the global market across the globe during the forecast period.

RESTRAINS

• Deterioration of the bronze due to oxidization is likely to hamper the global market growth, as companies have now set up new R&D facilities to explore better alternatives which could provide better profit margins.

OPPORTUNITIES

• The increasing demand from the transportation industry due to global trade is likely to boost the demand for bronze and create lucrative opportunities for the manufacturers operating in the global market.

Key Target Audience:

• Bronze Fabricators
• Bronze Traders, Distributors, and Suppliers
• End Users
• Government and Research Organizations
• Associations and Industrial Bodies
• Research and Consulting Firms
• R&D Institutions
• Environment Support Agencies
• Investment Banks and Private Equity Firms

Segments covered for the Global Bronze Market:

By Type:

• Silicon Bronze
• Leaded Tin Bronze
• Aluminum Bronze
• Phosphor Bronze
• Others

By Process:

• Bronze Casting
• Bronze Forging
• Bronze Extrusion
• Others

By End User:

• Infrastructure & Construction
• Automotive
• Electrical & Electronics
• Industrial
• Marine
• Aerospace & Defense
• Others

By Region Analysis:

On the basis of region, the Bronze Market is segregated into regions of North America, South America, Asia Pacific, Middle East and Africa, and Europe. The Asia Pacific bronze market led the global business, owing to the presence of a huge number of manufacturing businesses in the region, particularly in expanding countries like China, India, and the ASEAN countries. Increasing population and fast economic growth in the region are boosting the manufacturing business in the area, which in turn is probable to fuel the bronze market during the outlook period. Asia Pacific is estimated to grow at a remarkable rate over the next few years.

By Region:

North America

• United States
• Canada
• Mexico

South America

• Brazil
• Venezuela
• Argentina
• Ecuador
• Peru
• Colombia
• Costa Rica

Europe

• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Turkey
• Denmark
• Belgium
• Netherlands
• Switzerland
• Rest of Europe

Asia-Pacific

• Japan
• China
• South Korea
• India
• Taiwan
• Hong Kong
• Australia
• Singapore
• Malaysia
• Indonesia
• Thailand
• Philippines
• Rest of Asia-Pacific

Middle East and Africa

• South Africa
• Egypt
• Saudi Arabia
• United Arab Emirates
• Israel
• Rest of Middle East and Africa

Key Players:

1. Lebronze Alloys (France)
2. Diehl Metall Stiftung & Co. KG (Germany)
3. Wieland Metals Inc. (US)
4. KME Germany GMBH & Co. KG (Germany)
5. LDM B.V. (Netherlands)
6. Concast Metal Products Co. (US)
7. National Bronze & Metals, Inc. (US)
8. PMX Industries Inc. (US)
9. Ningbo Boway Alloy Material Co Ltd (China)
10. Ningbo Xingye Shengtai Group Co.Ltd (China)