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The global demand for Brass Rods Market is presumed to reach the market size of nearly USD 15010.13 Million by 2032 from USD 10555.12 Million in 2023 with a CAGR of 3.96% under the study period 2024-2032.
Brass Rods are hollow pieces of leaded brass generally manufactured in the shape of a rod used for machining applications. These rods exhibit superior mechanical properties and are resistant to corrosion with high electrical conductivity. Since these rods are manufactured hollow, they reduce the need for drilling and boring. Hence, they are considered an economically viable option. These rods come in a wide range of sizes and find their use in the manufacture of precision tools used in electronics, sanitary ware, automotive, industrial equipment, plumbing and architecture. These rods are considered environmentally friendly.
The major driving force behind the growth of the brass rods market is the increased rate of plumbing and architectural activities carried out in the ever-expanding construction sector. The increased demand for high end electrical and electronic gadgets will further propel the growth of this market since these rods form a viable option in the manufacturing sector due to their lightweight and high strength. Rapid urbanisation and industrialization will help in the exponential growth of the market because of the increased adoption of these rods in industrial machinery. COVID-19 pandemic will have minimal impact on the market growth except for reduced production. The constraints for market growth are the corrosive nature of the rods under stress and weakening due to dezincification.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Brass Rods. The growth and trends of Brass Rods industry provide a holistic approach to this study.
This section of the Brass Rods market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Brass Rods market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Brass Rods market include Hailiang Group, Mueller Industries Inc., Wieland Group, Mitsubishi Materials Corporation, Kobe Steel Ltd., Tongling Nonferrous Metals Group Holding Co Ltd, Poongsan Corp, Hi-Tech Extrusion Llp, Gold Meta Extrusion, Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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