The report of Brass Rods Market By Grade (Free-cutting Brass Rods, Forging Brass Rods, High-tensile Brass Rods, Naval Brass Rods, and Others), Product Type (Extruded Rods and Hollow Rods), End-use Industry (Industrial Machinery, Automotive, Electrical & Electronics, Plumbing Fittings, and Others), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.

The increased rate of plumbing and architectural activities carried out in the ever-expanding construction sector is the driving factor for the brass rod market growth. Also, an increase is being experienced in the popularity of brass rods in marine constructions on account of their corrosion-free properties. A hike in the alloy usages as the need for more strength in construction industries is flourishing, these facets are expected to push the global brass rods market growth. The augmented demand for high-end electrical and electronic devices will further force the growth of the brass rod market as these rods form a worthwhile option in the manufacturing sector because of their lightweight and high strength. Rapid industrialization will help in the exponential growth of the market due to the increased adoption of these rods in industrial machinery. Additionally, the brass rods market is increasing especially since the rise in the development activities in varied developing economies like India, China, and Indonesia.

On the other hand, alternative materials used in construction and the absence of metal extraction might act as possible restraints for the brass rod market. Also, the corrosive nature of the rods under stress and weakening due to dezincification could also be a restraining factor.

Asia Pacific has held the largest market share of the global brass rods market in 2018, in terms of value and volume. This is mainly due to the upsurge in demand for brass rods in plumbing fittings, industrial machinery, and electrical & electronics applications. Also, an increase in construction activities in the Asia Pacific, thanks to the advance of residential and industrial infrastructure, mainly in developing countries such as China, India, and Indonesia, is expected to boost the brass rods market in the Asia Pacific region during the forecast period. As well, technological advances in manufacturing processes have increased the demand for high strength materials in several industrial sectors in the Asia Pacific region. This is likely to demand high-tensile brass rods in the current future.

North America and Europe also held a significant share of the global brass rods market in 2018 followed by the Asia Pacific. The market in these regions is expected to grow at enough pace during the forecast period.

The key players of the global Brass Rods market are Mueller Industries, Inc., Hailiang Group, Wieland Group, Mitsubishi Shindoh Co. Ltd., Kobe Steel, Ltd., KME Germany GmbH & Co. KG, Tongling Nonferrous Metals Group Holding Co., Ltd, Poongsan America Corporation, Variety Metals Pvt Ltd, Hi-Tech Extrusion LLP, and Gold Metal Extrusion.

Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Brass Rods Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Brass Rods Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Brass Rods Market positioning of competitors.

Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Brass Rods Market”.

https://www.maximizemarketresearch.com/market-report/global-brass-rods-market/80637/

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