Bronze Market Analysis

Global Bronze Market Overview

The Bronze Market Size was valued at USD 9.86 Billion in 2022. The Bronze industry is projected to grow from USD 10.11 Billion in 2023 to USD 11.81 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 2.27% during the forecast period (2023 - 2030). Bronze is a metal alloy made primarily of copper and tin, although other metals such as zinc, lead, or nickel may also be added in smaller amounts. Bronze is known for its strength, durability, and resistance to corrosion, making it a popular material for use in sculpture, tools, weapons, and decorative objects. Bronze has been used by civilizations for thousands of years, and is considered one of the most important technological advances in human history, marking the transition from the Stone Age to the Bronze Age. The color of bronze can vary depending on the specific composition of the alloy, but it generally has a warm, reddish-brown hue.Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Bronze Market Trends

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  Growing R&D Investments to Create Growth in the Market

  
  

Corporations have already established new R&D centers to find better solutions that could offer higher profit margins. Nonetheless, because of international commerce, there will likely be an increase in demand for bronze as well as lucrative opportunities for suppliers who operate on the worldwide market. Due to global trade, it is anticipated that increasing demand from the maritime sector would increase demand for bronze and open up the profit potential for providers operating internationally. To address the changing demands of several end-use sectors across various geographies, some of these firms are consistently investing in expanding their distribution networks.

Bronze Market Segment Insights

Bronze Type Insights

The market segmentation, based on Type, includes Aluminum Bronze, Phosphor Bronze, Silicon Bronze, Manganese Bronze, Leaded Bronze, and Others. The Aluminum Bronze segment holds the majority share in 2022, contributing to the global Bronze revenue. Aluminum bronze is used to make bearings, hardware, pumps, and valves for marine sleeves that treat corrosive and acidic fluids.

Bronze Process Insights

Based on Process, the market segmentation includes Bronze Casting, Bronze Forging, Bronze Extrusion, and Others. The Bronze Casting segment dominated the market. Because of its rising usage by bronze makers, the bronze casting segment led the market with a market share, allowing manufacturers to create large sizes and shapes for their end-use industry.

Bronze End-Use Insights

Based on End-Use, the market segmentation includes Architecture, Marine, Automotive & Transportation, Electrical & Electronics, and Others. Due to the large consumption of bronze materials in numerous components such as valves, fittings, bearings, and others, the marine segment dominated the market with the largest share.

Figure 2: Bronze Market, by Process, 2022 & 2030 (USD Million) Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Bronze Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific has dominated the global bronze sector, especially in developing countries such as China, India, and ASEAN countries. The region’s increasing population and rapid economic growth are fueling the region’s manufacturing sector, which in turn is expected to raise the bronze demand during the forecast period. During the projected period, Asia Pacific is anticipated to grow at a substantial pace. The increasing market for aluminum-bronze alloys and an increase in demand for the aerospace and marine industries result from this tremendous demand for bronze. Japan offers the most considerable demand for infrastructure products in the Asia-Pacific.

Figure 3: BRONZE MARKET SHARE BY REGION 2022 (%)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Bronze Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Bronze industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global bronze industry to benefit customers and expand the market sector. Major market players, including Farmers Copper Ltd, Advance Bronze Incorporated, Wieland Metals Inc, Materion Corporation, Aviva Metals, and others, are attempting to increase market demand by funding R&D initiatives.

Farmers Copper Ltd is a family-owned and operated metal service center and supplier of copper, brass, and bronze products. The company offers a wide range of copper, brass, and bronze products, including sheets, plates, bars, tubing, pipe, fittings, and other custom shapes. These products are available in various grades, sizes, and finishes to meet the specific needs of different industries and applications, such as electrical, plumbing, architectural, marine, and aerospace.

Advance Bronze Incorporated is a metal service center and supplier of bronze, brass, and copper products. The company offers a broad range of bronze, brass, and copper products, including sheets, plates, bars, tubing, pipe, fittings, and custom shapes. These products are available in various alloys, sizes, and finishes to meet the specific requirements of different industries and applications, such as marine, aerospace, defense, and industrial.

Key Companies in the Bronze market include

• Farmers Copper Ltd


• Advance Bronze Incorporated


• Wieland Metals Inc


• Materion Corporation


• KME Germany GmbH & Co


• National Bronze Michigan


• CONCAST METAL PRODUCTS CO


• Aviva Metals


• PMX Industries Inc


• Aurubis

Bronze Market Segmentation

Bronze Type Outlook

• Aluminum Bronze


• Phosphor Bronze


• Silicon Bronze


• Manganese Bronze


• Leaded Bronze


• Others

Bronze Process Outlook

• Bronze Casting


• Bronze Forging


• Bronze Extrusion


• Others

Bronze End-Use Outlook

• Architecture


• Marine


• Automotive & Transportation


• Electrical & Electronics


• Others

Bronze Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America