Europe Brass by Kilo Tons Volume Market
| Label | Europe |
|---|---|
| 2018 | 5223.28 USD Mn |
| 2019 | 5519.8 USD Mn |
| 2020 | 5461.05 USD Mn |
| 2021 | 5554.37 USD Mn |
| 2022 | 5716.61 USD Mn |
| 2023 | 5892.99 USD Mn |
| 2024 | 6084.02 USD Mn |
| 2025 | 6296.72 USD Mn |
| 2026 | 6541.95 USD Mn |
| 2027 | 6807.42 USD Mn |
| 2028 | 7103.14 USD Mn |
| 2029 | 7435.66 USD Mn |
| 2030 | 7801.21 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Brass is obtained as a golden, hard, and brittle metal. It is one of the most widely used alloys. Owing to its versatility, there are seemingly endless industries and products made using this alloy. It exhibits properties such as high ductility and low friction against other metals, which makes it highly desirable for combination with various metals in several end-use applications. Brass is considered an ideal choice to use around flammable or explosive materials, as striking it against a hard surface does not generate sparks. Brass is employed in several applications such as architectural infrastructure, bearings, musical instruments, electrical contacts, and machine tools. The automotive industry is one of the top industries that use alloys in their manufacturing process. Manufacturers have started replacing aluminum with copper-brass alloy. This alternative option is 40% lighter and substantially cheaper. Some studies have predicted that such radiators will potentially last roughly 10 years.
Growing demand for high-performance products will also trigger the demand for quality brass products during the forecast period. Likewise, free cutting brass rods are projected for exponential growth in the brass rods market, and the brass rods market is expected to reach a value of ~USD 10 Bn by the end of 2027. This is evident since free cutting brass rods are acquiring popularity as a cost-efficient solution for close tolerance manufacturing techniques. Moreover, companies in the brass market are increasing their production capabilities to develop various brass products. The excellent strength and ductility of these products are gaining prominence in various industrial end markets. Manufacturers in the market are increasing efforts to combine good strength and excellent corrosion resistance of these products to boost their uptake in various industrial domains. On the other hand, rising international trade, which helped in the growth of the transportation sector, will also boost various opportunities that will lead to the growth of the brass market during the forecast period. However, volatility in the prices of raw material will hamper the growth of the brass market.
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Europe Brass by USD Mn Value Market



