Bronze Market was valued at US$ 8.74 Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX%.
Bronze is a ductile alloy with comparatively less brittleness than cast iron resulting in its worldwide applications. Increasing demand for bronze from different end-users such as marine, automotive, industrial and aerospace & defense among others is expected to have a positive impact on its demand.
Based on type, the Bronze market has been segmented into phosphor, silicon, aluminum and leaded tin. In addition to this, industrial, marine, infrastructure & construction, automotive, electrical & electronics and aerospace & defense form major end-use industries for this market. Geographically, the Bronze market has been segmented into Asia-Pacific, North America, Europe, Middle-East & Africa and Latin America.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Aluminum segment formed one of the major contributors to the bronze market. It is designed with functions such as high-pressure handling and extremely high corrosive function that has expanded its applications, especially in industrial and marine segments. Bronze metal is also used in the manufacturing components of ships.
Growth of the shipbuilding industry in the Asia Pacific region is expected to be one of the major driving factors to boost the bronze market. Latin America is expected to grow at the fastest rate. The demand of bronze market is increasing in both developed and emerging economies with China, Japan, India, and South Korea being some of the major contributors.
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The Scope of the report:
Bronze Market, by Type:
• Silicon Bronze
• Leaded Tin Bronze
• Aluminum Bronze
• Phosphor Bronze
Bronze Market, by End User:
• Infrastructure & Construction
• Electrical & Electronics
• Aerospace & Defense
Bronze Market, by Geography:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
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