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Global Aluminum Brazing Paste Market 2021: By Product Type (Al/Si, Al), By Application (Automotive, Aviation, Oil and Gas, Electrical Industry, Household Appliances, Power Distribution)Global Aluminum Brazing Paste Market Trends, Opportunities, Product Types and Applications, Growth Analysis, and Market Forecast 2020 to 2029” – outlook and report – recently tracked by Trusted Business Insights – has been bifurcated on the basis of type, application, and region/ country. The report includes in-depth view of the industry to ensure all the market aspects, facts and figures, and industry analysis are included therein.
Aluminum Brazing Paste: OverviewBrazing is a metal-joining process where a filler metal is heated above its melting temperature but below melting point of the metals that are to be joined. This melted filler metal is then put into the gap between the joint surfaces fitted close using the capillary action. Brazing process offers strong and excellent joints, particularly when thin-walled and compact parts are joined. Brazing is specifically useful for joining complicated parts and surfaces with several joining spots per area unit, inaccessible joints, and large area joints. Brazing process does not actually melt the base filler metal, which enables low distortions and accurate control of geometrical tolerances. Additionally, it offers neat joints with no requirement for any additional or secondary finishing process. Joints made using brazing process are strong and act as shock absorbers, and offer better fatigue strength as compared to most of the welds, as the meniscus formed by the filler metal in brazed joints are shaped ideally to reduce stress concentrations. Brazing is also useful in joining dissimilar metals such as aluminum-titanium, aluminum-steel, aluminum-magnesium, etc.
Global Aluminum Brazing Paste Market: DynamicsAdvancements in the materials used in conventional brazing process in order to overcome the challenges such as poor fluidity, large amount of smoke, post-welding corrosion phenomenon is resulting in growing demand and adoption of aluminum brazing paste across various end-use industries and is a major factor expected to drive growth of the global market. In addition, increasing automobile production and sales across various countries, combined with rising need for and adoption of aluminum blazing paste from manufacturers for more accuracy in joining complicated parts with many joining spots per area unit is another factor expected to further support growth of the global market to certain extent. Moreover, increasing investments in oil & gas sector, flourishing electronic sector, especially in developing countries, and rising adoption of aluminum-based products and equipment owing to features and characteristics of aluminum such as lightweight and corrosion resistance is resulting in rising demand and adoption of aluminum brazing paste which is in turn is projected to further support the global market growth. Moreover, as per an article published by the Aluminum Association, 10 % increase in rates of end-of-life recycling of aluminum can decrease industry emissions of greenhouse-gas by nearly 15 %. In addition, approximately 40 % of North Americas aluminum supply is produced through secondary production, which is an increase by nearly 10 % since 1990s. However, fluctuating raw material prices is a major factor expected to hamper growth of the global market.
Global Aluminum Brazing Paste Market: SegmentBy Type, Insights: Among the type segments, the Al/Si segment is estimated to record higher revenue contribution in the target market. By Application, Insights: Among the application segments, the automotive segment is estimated to account for higher share in terms of value in the market.
Global Aluminum Brazing Paste Market: RegionThe market in Asia Pacific is expected to record higher revenue share in the target market and is projected to continue with its dominance over the 10-year forecast period. This is due to growing automotive industry, well-established electronic sector, and strong presence of key players in economies such as China and India in the Asia Pacific. The North America and Europe markets are estimated to contribute considerably high shares in terms of value and adoption in the market, and this is due to increasing demand for the products from the oil and gas sector and the aerospace sector, and robust presence of large number of international players in the regions. In addition, increasing number of strategic mergers and acquisitions between local, and international companies in order to increase revenue profit share is projected to further support the market growth in this region over the next few years. The market in Latin America is estimated to witness moderate growth, followed by the MEA market, owing to increasing government expenditure on power distribution network grid and steadily increasing presence of certain manufacturers in counties in Latin America.
Below are the leading companies profiled in this Aluminum Brazing Paste Market Report:
Chapter 1 Methodology and Scope