Phosphor Bronze Strips Market Industry Growth 2019-2024
Phosphor bronze is an alloy of copper with 0.5-11% of tin and 0.01-0.35% phosphorus. The tin increases the corrosion resistance and strength of the alloy. The phosphorus increases the wear resistance and stiffness of the alloy. These alloys are notable for their toughness, strength, low coefficient of friction, and fine grain. The phosphorus reduces the viscosity of the molten alloy, which makes it easier and cleaner to cast and reduces grain boundaries between crystallites.
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Nowadays, there are three mainly types of Phosphor Bronze Strips. Different types of products have different applications. High Cu strips, was generally used in sensitive component, and low Cu strips was generally used in wear parts and elastic components. The share of different types of products varies from country to country.
Phosphor Bronze Strips were mainly used in Wear Parts, with over 90% share in recent years, followed by Elastic Components, with about 8% share.
The worldwide market for Phosphor Bronze Strips is expected to grow at a CAGR of roughly 3.8% over the next five years, will reach 10600 million US$ in 2024, from 8790 million US$ in 2019, according to our study.
This report focuses on the Phosphor Bronze Strips in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
- Aurubis
- KME
- Furukawa Electric
- CNMC
- Wieland
- Anhui Xinke
- JX Nippon Mining & Metals
- MKM
- Jintian Group
- Poongsan
- Xingye Copper
- CHALCO
- Dowa Metaltech
- Union Metal
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Cu < 90%
- Cu < 94%
- Cu < 98%
- Above 98%
Market Segment by Applications, covers
- Wear Parts
- Elastic Components
- Others
Key questions addressed by the report:
- Where will all these developments take Phosphor Bronze Strips in the mid- to long-term?
- What are the upcoming technological trends in the Phosphor Bronze Strips market?
- What are the opportunities for various players that exist at present and those that are planning to enter at different stages of the value chain?
- How growth strategies implemented by key players will impact the growth rate of the Phosphor Bronze Strips market, and who will have the undue advantage?
- What are the current adoption trends of the Phosphor Bronze Strips market?
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