The brass rod and bar market has been witnessing significant growth in recent years, driven by the increasing demand across various industries. Brass, an alloy of copper and zinc, is favored for its superior corrosion resistance, electrical conductivity, and machinability. The growing use of brass in applications such as plumbing fittings, electrical components, and automotive parts has fueled the expansion of this market. The global brass rod and bar market is forecasted to grow at a CAGR of approximately 5% to 7% during the period of 2024 to 2029.
Furthermore, acquisitions and collaborations among major manufacturers are on the rise, reflecting a strategic move towards expanding capabilities and product lines. For instance, in 2023, Global Brass and Copper Holdings announced the acquisition of a smaller manufacturing firm to enhance their supply chain efficiencies and improve their competitiveness in the market.
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Market Size and Share Analysis
The global brass rod and bar market was valued at around USD 4.5 billion in 2023 and is projected to reach USD 6.0 billion by 2029. This growth can be attributed to the increasing demand for brass products in the manufacturing of plumbing, electrical, and automotive components. The market is characterized by a high level of competition among key players, which is expected to drive innovation and improve product offerings.Trends Analysis Report by Product Type
Brass rods and bars are available in various types, predominantly classified based on their composition and manufacturing process. The key segments include:- Copper-Zinc Alloy (Yellow Brass)
- Copper-Lead Alloy (Free-Cutting Brass)
- Red Brass (Copper-Tin-Zinc Alloy)
Key Players in the Market
Prominent players in the brass rod and bar market include:- Chase Brass and Copper Company LLC
- Global Brass and Copper Holdings
- Mueller Industries Inc
- Olin Brass
- Wieland-Werke AG
Market Analysis by Process
Brass rods and bars are manufactured using several processes, including:- Extrusion
- Forging
- Rolling
Market Analysis by Application
Brass rods and bars are widely used in several applications, including:- Pipes
- Plumbing fittings
- Automotive components
- Electrical connectors
- Others
Market Analysis by End-Use
The end-use industries of brass rods and bars encompass:- Construction
- Automotive
- Electrical
- Consumer Goods
Regional Analysis
The brass rod and bar market can be segmented by region into:- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Market News on Policy and Companies
Recent policies aimed at sustainable metal production are influencing the brass rod and bar market. Governments across the globe are implementing stricter environmental regulations, encouraging manufacturers to adopt eco-friendly practices and reduce waste during production. Companies are also exploring recycling methods for brass, aiming to meet the increasing demand for sustainable practices.Furthermore, acquisitions and collaborations among major manufacturers are on the rise, reflecting a strategic move towards expanding capabilities and product lines. For instance, in 2023, Global Brass and Copper Holdings announced the acquisition of a smaller manufacturing firm to enhance their supply chain efficiencies and improve their competitiveness in the market.
Segment Forecasts for 2024 - 2029
The brass rod and bar market is expected to continue its upward trajectory, with projected growth across various segments. Key forecasts for the period from 2024 to 2029 include:- Product Type: Yellow brass will continue to dominate, expected to grow at a CAGR of 5.5%.
- Process: Extrusion process is expected to experience a growth rate of 6%.
- Application: The plumbing fittings segment is anticipated to reach a market share of 35%.
- End-Use: The construction sector will lead at approximately 37% of market share by 2029.
- Region: Asia-Pacific will dominate with an expected CAGR of 7%.
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Table of Contents
Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Trading Analysis
Chapter 9 Historical and Forecast Brass Rod & Bar Market in North America (2020-2030)
Chapter 10 Historical and Forecast Brass Rod & Bar Market in South America (2020-2030)
Chapter 11 Historical and Forecast Brass Rod & Bar Market in Asia & Pacific (2020-2030)
Chapter 12 Historical and Forecast Brass Rod & Bar Market in Europe (2020-2030)
Chapter 13 Historical and Forecast Brass Rod & Bar Market in MEA (2020-2030)
Chapter 14 Summary For Global Brass Rod & Bar Market (2020-2025)
Chapter 15 Global Brass Rod & Bar Market Forecast (2025-2030)
Chapter 16 Analysis of Global Key Vendors
List of Tables and Figures
Companies Mentioned
- Chase Brass and Copper Company LLC/ Global Brass and Copper Holdings
- Mueller Industries Inc
