Brass Foils Market Summary
As per MRFR Analysis, the Global Brass Foils Market was valued at USD 7.90 Billion in 2023 and is projected to grow to USD 19.20 Billion by 2032, with a CAGR of 10.21% from 2024 to 2032. Key drivers include the expanding automotive sector, rising vehicle demand in developing countries, and growth in the electronics industry. Brass foils are increasingly used in applications such as heat exchangers, electrical connectors, and decorative features due to their superior electrical conductivity and malleability. The market is also benefiting from technological advancements and the shift towards renewable energy sources, creating new opportunities in solar panels and batteries.
Key Market Trends & Highlights
The Brass Foils market is witnessing significant growth driven by various factors.
- Market Size in 2023: USD 7.90 Billion.
- Projected Market Size by 2032: USD 19.20 Billion.
- CAGR from 2024 to 2032: 10.21%.
- North America held 45.80% market share in 2022.
Market Size & Forecast
2023 Market Size: USD 7.90 Billion
2024 Market Size: USD 8.82 Billion
2032 Market Size: USD 19.20 Billion
CAGR (2024-2032): 10.21%
Largest Regional Market Share in 2022: North America.
Major Players
Key players include Rajshree Metals, Arcotech Ltd., G.T. Metals & Tubes, A.J. Oster, Olin Brass, Ekaton Ltd., Grand Metal Corporation, MP Metall Produkte, and AMCO Metall-Service GmbH.
Type: Secondary Research, Primary Research, MRFR Database and Analyst Review
Brass Foils Market Trends
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The rising demand for a vehicle from developing nations is driving the market growth
The growing automotive sector and the rising demand for vehicles in emerging countries are anticipated to fuel the expansion of the worldwide brass foils market during the forecast period. Additionally, the market for electric vehicles is anticipated to rise steadily due to increasing environmental concerns throughout the world and regulatory norms and restrictions against conventional fuel-based vehicles, which is boosting the growth of the brass foils market. Brass foils are becoming more and more popular in products like heat exchangers, radiators, and electrical connectors as a result of the automotive industry's expansion, which is being fueled by increased vehicle production and the adoption of electric vehicles.
Due to their superior electrical conductivity and malleability, brass foils are heavily utilized in the electronics sector for the production of PCBs, connections, and electrical components. Brass foils are in high demand for uses such as roofing, cladding, and decorative features as a result of the construction industry's explosive growth, which is being driven by urbanization and infrastructure development. Due to their aesthetically pleasing nature and simplicity of application, brass foils are frequently employed in ornamental arts and crafts. The market is expanding as DIY projects and interior design become more and more popular. Brass foils' natural resistance to corrosion makes them appropriate for outdoor applications, marine conditions, and locations subject to high humidity, which boosts demand for them.
Brass foils' extraordinary qualities, including their superior electrical conductivity, thermal conductivity, corrosion resistance, and malleability, can be linked to their rising demand. They are suited for a variety of applications across sectors because to these qualities. The demand for brass foils is being fueled by the growing electronics and automotive industries as well as the uptick in construction activity. The demand for effective electrical parts, connections, and accents is propelling market expansion. New manufacturing techniques for brass foils have been developed as a result of technological breakthroughs, which have significantly enhanced product quality and cost-effectiveness. As a result of stringent environmental restrictions banning the use of lead-based products, brass foils have become a feasible replacement in a number of applications.
Brass foils have potential uses in products like solar panels, batteries, and electrical connections due to the rising need for renewable energy sources like solar and wind power. Brass foils have a huge untapped market thanks to the quick industrialization and infrastructure development in emerging regions, particularly in Asia-Pacific and Latin America. As production techniques like roll bonding, electroplating, and etching continue to evolve, new brass foil goods may be developed, broadening the market. For manufacturers, differentiating oneself from the competition and gaining a competitive edge can be accomplished by providing specialised brass foil solutions to fulfil certain industry requirements. Thus, driving the Brass Foils market revenue.
In 2022, Formica Corporation plans to add seven new styles to its popular DecoMetal® Laminates line. As designers continue to pay homage to Art Deco styling by incorporating luxurious metal effects into commercial projects, these new additions provide even more interesting metal finishes for usage in vertical surface applications, broadening the options for metal surfacing designs.
Brass Foils Market Segment Insights
Brass Foils Type Insights
The  Brass Foils market segmentation, based on Type, includes Oxygen-Free High Conductivity Copper (OFHC), Electrolytic Tough Pitch (ETP) Copper, Deoxidized High Phosphorous (DHP) Copper, and Deoxidized Low Phosphorous (DLP) Copper. Oxygen-free high conductivity copper (OFHC) segment accounted for the largest revenue share in 2022. This is explained by the fact that brass foils are becoming more and more popular across a range of end use sectors.
Brass Foils End Use Industry Insights
The  Brass Foils market segmentation, based on End Use Industry, includes Electrical & Electronics, Automotive, Construction, Industrial Machinery, and Others. Electrical & electronics segment dominated the  Brass Foils market in 2022. This is explained by the rising demand for brass foils in the electrical and electronics industries.
Figure 1: Â Brass Foils Market, by End Use Industry, 2022 & 2032 (USD Billion)
Type: Secondary Research, Primary Research, MRFR Database and Analyst Review
Brass Foils Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Brass Foils Market dominated this market in 2022 (45.80%). Due to the region's expanding automotive sector and restoration efforts, the U.S. is thought to hold the largest market share in this area. Further, the U.S. Brass Foils market held the largest market share, and the Canada Brass Foils market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Â BRASS FOILS MARKET SHARE BY REGION 2022 (USD Billion)
Type: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Brass Foils market accounted for a healthy market share in 2022. France, the UK, Germany, and Italy are major contributors to the local European market in this area. Additionally, this area is growing as a result of the expanding automobile sector there. Due to the region's rising demand for brass foils, it is anticipated that the European market will dominate the manufacturing of electric vehicles throughout the forecasted time period. Further, the German Brass Foils market held the largest market share, and the U.K Brass Foils market was the fastest growing market in the European region
The Asia Pacific Brass Foils market is expected to register significant growth from 2023 to 2032. Due to the existence of numerous end-use industries including automotive, electrical, and electronics as well as the growing support of the key players, nations like China and India are now dominating the worldwide market in this area. Moreover, China’s Brass Foils market held the largest market share, and the Indian Brass Foils market was the fastest growing market in the Asia-Pacific region.
Brass Foils Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Brass Foils market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Brass Foils industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  Brass Foils industry to benefit clients and increase the market sector. In recent years, the Brass Foils industry has offered some of the most significant advantages to medicine. Major players in the Brass Foils market, including Rajshree Metals, Arcotech Ltd.,  Metals, G.T. Metals & Tubes, A.J. Oster, Olin Brass, Ekaton Ltd., Grand Metal Corporation, MP Metall Produkte, and AMCO Metall-Service GmbH, are attempting to increase market demand by investing in research and development operations.
An Indian engineering firm called Arcotech Ltd produces non-ferrous metals. It creates strips, foils, sheets, ingots, rods, profiles, and bus bars out of copper and copper alloys such brass, phosphor bronze, leaded brass, and cupro-nickel. It only has one operational segment that produces non-ferrous semis. Aluminum packaging goods are produced by the company. Selling its non-ferrous metals is how the company makes the most money.
A well-known company, G. T. Metals & Tubes, is involved in producing, exporting, importing, trading, and supplying a variety of stainless steel electro-polished tubes & fittings, among other things. Electropolished Tubes, Dairy Fittings, Pharma Fittings, Butt Weld Fittings, Stainless Steel Valves, Steel Products, Pharma Fitting Products and Stainless Steel Fitting Products are just a few examples of the company's product line. These are produced by skilled workers utilising cutting-edge production methods and premium raw materials that are bought from reliable market suppliers. Available in a variety of lengths, thicknesses, and sizes, the company offers customisation services that assist in addressing the specific needs of its customers.
Global Brass and Copper Holdings Inc. (GBC), Schaumburg, Illinois, and Wieland-Werke AG, Ulm, Germany, have signed a definitive merger agreement. According to the agreement, Wieland will purchase all of GBC's outstanding shares in an all-cash transaction. GBC stockholders will get $44 per share in cash, marking a 27 percent premium over the company's closing price on April 9. The transaction is expected to close in the second half of 2019 and is subject to certain required regulatory approvals, according to a news release issued by the Wieland Group.
Key Companies in the Brass Foils market include
Brass Foils Market Segmentation
Brass Foils Type Outlook
- Oxygen-Free High Conductivity Copper (OFHC)
- Electrolytic Tough Pitch (ETP) Copper
- Deoxidized High Phosphorous
- Deoxidized Low Phosphorous (DLP) Copper
Brass Foils End Use Industry Outlook
Brass Foils Regional Outlook
| Attribute/Metric |
Details |
| Market Size 2023 |
USD 7.90 Billion |
| Market Size 2024 |
USD 8.82 Billion |
| Market Size 2032 |
USD 19.20 Billion |
| Compound Annual Growth Rate (CAGR) |
10.21% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Type, End Use Industry, and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
Rajshree Metals, Arcotech Ltd., Â Metals, G.T. Metals & Tubes, A.J. Oster, Olin Brass, Ekaton Ltd., Grand Metal Corporation, MP Metall Produkte, and AMCO Metall-Service GmbH |
| Key Market Opportunities |
The growing demand for renewable energy sources |
| Key Market Dynamics |
The rising demand for a vehicle from developing nations and the increasing automotive industry and the expanding electronics and automotive industries |
Brass Foils Market Highlights:
Frequently Asked Questions (FAQ) :
The Brass Foils market size was valued at USD 7.90 Billion in 2023.
The Brass Foils market is projected to grow at a CAGR of 10.21% during the forecast period, 2024-2032.
North America had the largest share in the Brass Foils market
The key players in the Brass Foils market are Rajshree Metals, Arcotech Ltd., Metals, G.T. Metals & Tubes, A.J. Oster, Olin Brass, Ekaton Ltd., Grand Metal Corporation, MP Metall Produkte, and AMCO Metall-Service GmbH
The Oxygen-Free High Conductivity Copper (OFHC) Type dominated the Brass Foils market in 2023.
The Electrical & Electronics End Use Industry had the largest share in the Brass Foils market.
