Global Silver- and Gold-based Brazing Materials Market 2016-2020
About Silver- and Gold-Based Brazing Materials
Brazing is the joining two or more metals by filling a molten filler metal, or a brazing alloy. The melting point of these alloys is usually above 840°F and below the melting temperature of the base metals that are to be joined.
The base metals are heated to temperatures slightly above the liquidus temperature (temperature above which the metal liquidifies) of the filler metal. The filler metal is then placed marginally in the region that has to be joined. The liquefied filler material is permitted to penetrate the joints of the base metals by capillary action. Once solidified, the filler metal bonds the surfaces of the base metals through atomic attraction and fusion.
Brazing is usually performed in controlled atmospheric conditions (in a vacuum furnace). Flux is used to prevent the oxidation of metals during brazing. Silver- and gold-based alloys are used for many brazing procedures.
Technavio’s analysts forecast the global silver- and gold-based brazing materials market to grow at a CAGR of 3.11% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global silver- and gold-based brazing materials market for 2016-2020.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Silver- and Gold-Based Brazing Materials Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Silver- and Gold-Based Brazing Materials Market: Johnson Matthey, Lucas-Milhaupt, and Morgan Advanced Materials.
Other Prominent Vendors in the market are: Aimtek, Bellman-Melcor, Harris Products, Indian Solder and Braze Alloys, LINBRAZE, Materion, Metalli, Pietro Galliani Brazing, Prince & Izant, Saru Silver Alloy, Sentes-BIR, STELLA, Umicore, VBC, Voestalpine Böhler Welding, and Wieland-Edelmetalle.
Commenting on the report, an analyst from Technavio’s team said: “The demand for silver- and gold-based brazing materials is rising from emerging markets such as India. Economic development in these countries has contributed to the growth of several macroeconomic factors, which have consequently increased the demand for brazing applications.”
According to the report, increase in demand for brazing materials from the segment is a major driver of market growth. The segment is expected to be the fastest growing application segment for silver-based brazing materials. The demand for silver-based brazing materials is high for applications in HVAC&R segment from emerging economies such as Mexico. MEA also represents key markets for silver-based brazing materials in the HVAC&R segment during the forecast period.
Further, the report states that the costs of silver and gold are constantly rising over the past few years. Further, the pricing of these metals is not stagnant and is dependent on the global economic conditions and the exchange rates of the US dollar. These fluctuating costs affect the cost of brazing materials significantly
Johnson Matthey, Lucas-Milhaupt, Morgan Advanced Materials, Aimtek, Bellman-Melcor, Harris Products, Indian Solder and Braze Alloys, LINBRAZE, Materion, Metalli, Pietro Galliani Brazing, Prince & Izant, Saru Silver Alloy, Sentes-BIR, STELLA, Umicore, VBC, Voestalpine Böhler Welding, Wieland-Edelmetalle.
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