Brass Foils Market Research Report- Forecast to 2023
Brass is a metallic alloy that is made of copper and zinc. The proportion of copper and zinc can be changed to create different type of brass alloy. Depending upon proportion of both metals, different types of brass alloys exhibit varying mechanical and electrical properties. Foil is generally a very thin metal sheet usually made by rolling or hammering a parent metal bar. Foils are made of malleable metals aluminum, copper, nickel, and brass. Foils can be easily bend under their own weight and can be torn easily. The metal should be is essentially malleable in order to make Thinner Foils. Brass foils exhibit good corrosion resistance and durability over the other malleable metals.
Global electrical & electronics market is growing at highest CAGR to reach a trillion figure during the forecast period. The dynamic countries in Asia Pacific are accounting for the largest consumption of electronics goods. During the forecast period electrical and electronics market is expected to flourish owing to the growing demand of portable and other electronic devices.
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The prominent players in the Global Brass Foil Market are Arcotech Ltd. (India), Rajshree Metals (India), G.T. Metals & Tubes (India), Global Metals (U.S.), Olin Brass (U.S.), A.J. Oster (U.S.) Grand Metal Corporation (India), Ekaton Ltd. (U.K.), AMCO Metall-Service GmbH (Germany), and MP Metall Produkte (Germany) among others.
- Brass foils Manufacturers
- Traders and distributors of brass foils
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
This enhances its preference in end use industries such as electrical & electronics, automotive, and construction. Apart from this, Brass Foil find their uses in diverse industries including defense, sports, and industrial machinery. Some other applications in which Brass Foils successfully penetrated are embossing, tooling, fine craft, microwave tubing, and wave guides among others.
The Global Brass Foil Market has been segmented on the basis of type, end use industry, and region. Based on type the market is divided into Oxygen-free High Conductivity Copper (OFHC), Electrolytic Tough Pitch (ETP) copper, Deoxidized High Phosphorous (DHP) copper, Deoxidized Low Phosphorous (DLP) copper. On the basis of end use industry the Global Brass Foils Market is segmented into electrical & electronics, automotive, construction, industrial machinery, and others. Geographically, the Global Brass Foils Markets is divided into five key regions including Asia Pacific, Europe, North America, Middle East & Africa, and Latin America.
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This is turn is anticipated to propel the demand of the Brass Foils Market. Automotive industry around the world is flourishing with increasing demand of vehicles from developing countries. Electric vehicles market is witnessing a steady growth due to the growing environmental concern and regulatory norms against the conventional fuel based automobiles around the world. Moreover, the Global Metal Foils Market has been estimated to grow at CAGR of ~6.5% during 2017 to 2023. However, there are some bottlenecks in the growth trajectory of the Global Brass Foils Market which are needed to be taken under consideration. It includes the cost intensiveness of brass on account of high price of copper which is the major constituent of brass alloy.
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