Silver- And Gold-Based Brazing Materials Global Market 2016 to 2020
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This market research report presents a detailed segmentation of the global silver- and gold-based brazing materials market by type (silver-based and gold-based brazing material), by application (HVAC&R, aerospace, automotive, medical, and electricals and electronics), and by geography (the Americas, APAC, and EMEA). The leading vendors in the market are Lucas-Milhaupt, Johnson Matthey, and Morgan Advanced Materials.
Outlook of the global silver- and gold-based brazing materials market
Technavio’s market research analyst predicts that the global silver- and gold-based brazing materials market will grow steadily at a CAGR of more than 3% during the forecast period. The rising demand for silver and gold-based brazing material from the heating, ventilation, air-conditioning, and refrigeration (HVAC&R) segment is one of the key drivers of market growth. The demand for silver-based brazing materials is high for various applications in the HVAC&R segment in emerging economies like Mexico will spur the growth of the silver- and gold-based brazing materials market globally.
The increasing demand from emerging economies for silver- and gold-based brazing materials is expected to bolster the growth of this market until the end of 2020. Rapid economic development in countries like India has contributed to the growth of several macroeconomics factors, thereby increasing the demand for brazing applications. Thus, it can be concluded that fast growth in the HVAC &R, manufacturing, and aerospace sectors will positively affect the market for silver- and gold-based brazing materials over the forecast period.
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Segmentation by application and analysis of the silver-based brazing materials market
- HVAC & R
- Electricals and electronics
In 2015, the HVAC & R segment dominated this market and accounted for a market share of nearly 30%. The HVAC & R segment is the prime consumer of silver-based brazing materials and is likely to aid in the growth of this market segment during the forecast period.
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Segmentation by application and analysis of the gold-based brazing materials market
- Electricals and electronics
In this market study, the analysts have estimated aerospace to be the largest market segment for gold-based brazing materials and will account for more than 28% market share during the forecast period.
Competitive landscape and key vendors
The global silver- and gold-based blazing materials market is highly fragmented with the majority of vendors providing silver-based brazing materials. The global players are likely to pose intense competition to regional providers in terms of innovation and costs. Substantial capital investments and technical expertise of existing players restrict the entry of new providers into the market.
Key vendors in this market are -
- Johnson Matthey
- Morgan Advanced Materials
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