Brass Foils Market Research Report- Forecast to 2030

Brass Foils Market by Type (Oxygen-Free High Conductivity Copper (OFHC), Electrolytic Tough Pitch (ETP) Copper, Deoxidized High Phosphorous (DHP) Copper, Deoxidized Low Phosphorous (DLP) Copper), by End Use Industries (Electrical & Electronics, Automotive, Construction, Industrial Machinery, and Others), by Region till 2030

ID: MRFR/CnM/2877-HCR | January 2023 | Region: Global | 140 Pages         

Brass Foils Market Speak to Analyst Request a Free Sample

Brass Foils Market

Brass Foils Market is projected to be worth USD 17.78 Billion by 2030, registering a CAGR of 11.68% during the forecast period (2021 - 2030)

By Type Oxygen-Free High Conductivity Copper (OFHC) Electrolytic Tough Pitch (ETP) Copper Deoxidized High Phosphorous (DHP) Copper Deoxidized Low Phosphorous (DLP) Copper
By End Use Industries Electrical & Electronics Automotive Construction Industrial Machinery Others
Key Players
Companies Profiled   Rajshree Metals (India)   Arcotech Ltd. (India)   Global Metals (U.S.)   G.T. Metals & Tubes (India)   A.J. Oster (U.S.)   Olin Brass (U.S.)   Ekaton Ltd. (U.K.)   Grand Metal Corporation (India)   MP Metall Produkte (Germany)   AMCO Metall-Service GmbH (Germany)
Market Driving Forces   The growing regulatory norms and regulations against conventional fuel-based automobiles and rising environmental concerns worldwide
Request a Free Sample

Brass Foils Market Overview

The global Brass Foils Market has been anticipated to generate a significant market size during the forecast period of 2030. Further, the global market is projected to acquire the market value at a CAGR of 7.20% in between the review period of 2020 to 2030. In general, brass is known as a metallic alloy made of zinc and copper. Various types of brass alloys are created with keeping changes in the proportion of zinc and copper. These types of brass alloys exhibit different electrical and mechanical properties based on the different proportions of both metals. Additionally, foil is known as a very thin metal sheet, which is made through hammering or rolling a parent metal bar. It is basically made up of malleable metals nickel, copper, brass, and aluminum. The foils can be easily torn and can be bent with their own weight. In order to make foils as tinner as possible, it is important to malleable the metal. As compared to the other malleable metals, the brass foils exhibit good durability and corrosion resistance. Likely, many end-use industries like construction, automotive, and electrical and electronics are looking for brass foils for different purposes. Moreover, various industries like sports, defense, and industrial machinery prefer brass foils for different usages. 

The brass foil is successfully penetrated in various applications such as fine craft, tooling, waveguide, embossing, microwave tubing and others. However, the largest consumption of electronics goods has been witnessed in various dynamic countries like the Asia Pacific. It has led to increasing demand for portable and other electronic devices among the demography, resulting in enhanced demand in the forecast period. The electric vehicles market is witnessing a steady growth due to the growing environmental concern and regulatory norms against conventional fuel-based automobiles worldwide. This is resulting in enhancing the demand for the brass foils market during the research period. 

In addition, the Brass Foils Markethas involved some of the important intended audiences, which are helping the global market to fuel in the forecast timeframe. These intended audiences include traders and distributors of brass foils, brass foils manufacturers, potential investors, research and development institutes, nationalized laboratories, and raw material suppliers. 

COVID-19 Analysis

The Covid-19 pandemic has disrupted the supply chain and manufacturing chain of the global Brass Foils Marketin the forecast period. The lack of transportation, workforce and less demand for brass foils has affected the worldwide market. 

However, the government has put forth unlock phases in the various regions that have provided market relaxation. Also, the market's key players have given their efforts to enhance the market growth in the upcoming years. 

Chief Factors Existing In The Market

Key Market DriversThe rising demand for a vehicle from developing nations and the increasing automotive industry is projected to drive the global Brass Foils Market growth in the forecast period. Moreover, the growing regulatory norms and regulations against conventional fuel-based automobiles and rising environmental concerns worldwide are projected to show steady growth in the electric vehicle market that is resulting in enhancing the growth of the Brass Foils Market. Market ChallengesThe worldwide Brass Foils Market might experience the biggest challenges due to the rising cost of brass foils products.However, the disruption in the manufacturing chain and supply chain is projected to bring major challenges to the worldwide market for brass foils. Market OpportunitiesThe brass foils exhibit good durability and corrosion resistance as compared to the other malleable metals, which brings significant growth in the Brass Foils Market Size during the research period. Moreover, the rising research and developmental activities and new product development by the market players are projected to bring lucrative opportunities for the global market. Market RestraintsAlong with some of the major growth driving factors, some restraints also present in the global Brass Foils Market need to be taken into consideration. One of the major market restraints can be the cost intensiveness of brass that is resulting in the high price of copper. As per the Market Forecastreport, the strident governmental rules and regulations relating to brass foils might affect the growth of the market for brass foils. 

Cumulative Evaluation of The Market

In the present scenario, the global Brass Foils Market Value is estimated to show significant growth during the review period. 

According to Brass Foils Market Analysis,the market players of various regions across the world are contributing effectively to boost the growth of the global market during the research period. 

Market Segmentation

By end-users:The global Brass Foils Market has been divided into automotive, electrical & electronics, industrial machinery, construction, and others in terms of end-use industry segment. Of these, the electrical & electronics segment is estimated to generate the largest Brass Foils Market Shareduring the forecast period of 2030. In 2016, this segment acquired a CAGR of 45%.By typeOn the basis of type segment, the Brass Foils Market has been categorized into Electrolytic Tough Pitch (ETP) copper, Oxygen-free High Conductivity Copper (OFHC), Deoxidized Low Phosphorous (DLP) copper, and Deoxidized High Phosphorous (DHP) copper. The end-users prefer all these types across the globe based on their industry's requirements over the product. 

Regional Analysis

Regionally, the worldwide Brass Foils Markets is divided into five major regions, including Europe, Asia Pacific, Middle East & Africa, North America, Latin America and others. 

Out of all, the Asia Pacific market for Brass Foils is projected to be the fastest and largest growing market in the assessment timeframe. As per the market report, the Asia Pacific regional market for bras foils is predicted to acquire more than 50% of the market share across the world. In this region, the countries like China and India are dominating the global market due to the presence of various end-use industries like automotive and electrical and electronics and the rising support of the key players. Moreover, the European market for Brass Foils is considered to be the second-largest market across the world. In this region, countries like France, the UK, Germany, and Italy contribute largely to the regional European market. Additionally, this region is fuelling because of the rising automotive industry in this region. The European market is estimated to lead the overall electric vehicle production in the forecast timeframe because of the increasing demand for brass foils in the area. 

Furthermore, the North American Brass Foils Markets for bras foils is projected to acquire a significant market size in the assessment timeframe. In this region, the U.S. is accounted to hold the major market share due to the increasing amount of Brass Foils in the region's automotive industry and reconstruction activities. Moreover, the Middle East & African region is registered to expand the market share at significantly higher CAGR in the coming years because of the region's rising tourism industry and rising construction activities. Further, the Latin American market for brass foils is in the emerging stage due to the region's poor political and economic unrest. 

Competitive Intensity Within the Industry 

According to the Brass Foils Market Outlook report, the Key market players cover almost part of the world to propel the market growth in the forecast period. These key market players include:

  • Rajshree Metals (India)

  • Arcotech Ltd. (India)

  • Global Metals (U.S.)

  • G.T. Metals & Tubes (India)

  • A.J. Oster (U.S.)

  • Olin Brass (U.S.)

  • Ekaton Ltd. (U.K.)

  • Grand Metal Corporation (India)

  • MP Metall Produkte (Germany)

  • AMCO Metall-Service GmbH (Germany)

The key market players are focusing on the growth and development of the Brass Foils by investing more funds. Moreover, they are giving more emphasis on the new product launches, partnerships and mergers and acquisitions to enhance the Brass Foils Market Growthduring the research period. 

Recent Market Developments

Recently, prominent market players like Grand Metal Corporation (India) and AMCO Metall-Service GmbH (Germany) and others are adding new innovations and developments to enhance the performance of brass foil products worldwide. 

Report Overview

As per the Brass Foils Market Trends report, significant growth has been seen in the global market performance. Moreover, the report shows that the global market has been classified based on the end-user industry and types.

This report has covered the regional classification, competitive analysis, recent development, covid-19 analysis, market overview, market segmentation, and market overview.

Key Industrial Segments

By End-users industry

  • automotive,¬†

  • electrical & electronics,¬†

  • industrial machinery,¬†

  • construction,¬†

  • others

By Type

  • Electrolytic Tough Pitch (ETP) copper,¬†

  • Oxygen-free High Conductivity Copper (OFHC),¬†

  • Deoxidized Low Phosphorous (DLP) copper,¬†

  • Deoxidized High Phosphorous (DHP) copper

Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   7.20% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   type and end use industry
  Geographies Covered   Asia Pacific, Europe, North America, Europe, Middle East & Africa, and Latin America
  Key Vendors   Arcotech Ltd. (India), Rajshree Metals (India), G.T. Metals & Tubes (India), Global Metals (U.S.), Olin Brass (U.S.), A.J. Oster (U.S.) Grand Metal Corporation (India), Ekaton Ltd. (U.K.), AMCO Metall-Service GmbH (Germany), and MP Metall Produkte (Germany)
  Key Market Opportunities   Brass foils exhibit good corrosion resistance and durability over the other malleable metals.
  Key Market Drivers   Electrical and electronics market is expected to flourish owing to the growing demand of portable and other electronic devices.

Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

Brass Foils Market is predicted to grow at 7.20% through forecast period of 2020-2030

The forecast period for Brass Foils Market research report is 2020-2030.

Global Brass Foils Market is dominated by APAC region.

good corrosion resistance and durability over the other malleable metals.

Arcotech Ltd. (India), Rajshree Metals (India), G.T. Metals & Tubes (India), Global Metals (U.S.), Olin Brass (U.S.), A.J. Oster (U.S.) Grand Metal Corporation (India), Ekaton Ltd. (U.K.), AMCO Metall-Service GmbH (Germany), and MP Metall Produkte (Germany)