Market Overview:
Bronze is an alloy formed from copper and tin. The proportions of copper in bronze vary broadly from 67% to 95%. Some modern bronzes contain no tin at all, substituting other metals such as aluminum, manganese, phosphorus, silicon, arsenic, and zinc. The global bronze market size was close to USD 9.01 billion by revenue, at the end of 2020 and is estimated to rise at a CAGR of 2.83% to reach USD 10.36 billion by 2025.

Market drivers and restraints:
Rising demand for bronze from architectural, marine, electrical & electronics and the automotive industry is estimated to drive the global bronze market over the forecast period. Bronze market, particularly aluminum and phosphor bronze, are expected to witness bolstering demand from the growing marine industry for manufacturing of marine hardware.

The increasing popularity of brass over bronze amongst consumer owing to its high malleability, ease of casting, attractive color, and lower cost is estimated to hamper the global bronze market over the projected period. Stringent regulations against the employment of lead in bronze compositions are likely to restrict the bronze market over the prediction period.

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Report segmented as:

By type:
• standard bronze
• aluminum bronze
• phosphor bronze
• silicon bronze
• manganese bronze
• leaded bronze
• others

By process:
• bronze castings
• bronze extrusions
• bronze forgings

By end user:
• architecture
• marine
• automotive
• electrical & electronics
• others

Geographical analysis:
The global bronze market is segregated into five regions, namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific was the fastest-growing market for bronze in 2018 due to the several applications of bronze in end-use industries like marine, electrical & electronics, and automotive.

Important market players:
Some of the key players operating in the global bronze market are Farmers Copper Ltd. (U.S.), Advance Bronze Incorporated (U.S.), Wieland Metals Inc.(U.S.), Lebronze alloys (France), KME Germany GmbH & Co KG (Germany), LDM B.V. (Netherlands), CONCAST METAL PRODUCTS CO. (U.S.), Aviva Metals (US), PMX Industries Inc. (US), and Powerway Alloy (China).

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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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