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Global brazing materials market: 3% CAGR growth forecast between 2012-57

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Global Brazing Materials Market 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-31 00:12:03
The Global Brazing Materials market is to grow at a CAGR of 3.02 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in demand for aluminum brazing alloys from the Automotive industry. The Global Brazing Materials market has also been witnessing the increasing use of active brazing materials. However, the increase in raw material costs could pose a challenge to the growth of this market.

Active brazing materials or metals are used in joining ceramics, which cannot be brazed by conventional brazing alloys due to their poor wetting qualities. Wetting is a phenomenon wherein the liquid brazing alloy spreads evenly on the base metal. Since ceramics exhibit poor wetting behavior active brazing metals are used for joining them. Active brazing metals are formed through the addition of a brazing alloy such as titanium to the conventional brazing metal alloy, thereby enhancing its wetting behavior and aiding the joining of ceramics. Active brazing metals are also used in the brazing of materials with different combinations of ceramics, graphite, metals, diamond, and carbon. Thus, the Global Brazing Materials market is witnessing an increasing use of active brazing materials.

One of the important factors is the increasing demand for aluminum brazing alloys from the Automotive industry. Aluminum brazing alloys are used in the brazing of automotive heat exchangers; thus, with an increase in the demand for automobiles, there has been a consequent increase in the demand for brazing applications.

One of the challenges is the increase in raw material prices. For instance, an increase in the prices of silver and copper has led to the increased cost of manufacturing silver and copper-based alloys. This raises the cost of the entire brazing process for customers. Thus, manufacturers are looking toward developing cost-effective brazing alloys, in addition to devising new, efficient ways for brazing alloy applications.

The key vendors dominating this market space are Johnson Matthey Plc, Morgan Advanced Materials Plc, Sulzer Ltd., and Umicore N.V. Other vendors are Aimtek Inc., Alcoa Inc., AlcoTec Wire Co., AMAG Austria Metall AG, Bellman-Melcor Inc., CuP Alloys Ltd., Fusion Inc., Harimatec Czech S.R.O, Harris Products Group, Indian Solder and Braze alloys, Kranti Metallurgy Pvt. Ltd., Lucas-Milhaupt Inc., Materion Corp., Mech-Tronics, Metalli A/S, Saru Silver Alloy Pvt. Ltd., Sente-BIR AS, Stella Welding Alloys, Wall Colmonoy Ltd., and Wieland Edelmetalle GmbH.

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