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Aluminum Brazing Paste Market will reach 88 million US$ in 2023
Press release from: Global Info Research
New report published by Global Info Research which offers insights on the global Aluminum Brazing Paste market.
Brazing pastes are materials consisting of a metal alloy in a powder form that is well mixed with a binder. A brazing flux is typically added to paste to provide protection from oxidation.
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Global Aluminum Brazing Paste Market: Forecast by Type / Application / Region
China’s Brazing Materials industry has developed into a national wide status with certain research and production capacity, industry product types have been gradually improved.Currently, China has become international Brazing Materials large consumption country, but the production technology is relatively laggard and it can only produce some low-end product. Although the new production lines is increasing, the high-end product is still relying on import.
The raw materials needed by the company are mainly different metal, for example cooper, aluminum and silicon. The price fluctuation of metal directly or indirectly affects the production cost of the company. As a large commodity, the price fluctuation of metal will bring some pressure to the company. The purchase price of metal depends on the market price trend, which is mainly influenced by the supply and demand factors of the market. If the supply price of domestic steel market fluctuates sharply, the price of metal will rise in the future, which will push up the product cost of the company, and then bring adverse effects on the company's operating performance.
Aluminum solder paste produced by various manufacturers has not been widely used because of its large amount of smoke, poor fluidity, corrosion phenomenon after welding. At the same time, it is impossible to achieve the purpose of convenience and speed. Therefore, the development of an aluminum soldering paste that meets the market requirements will make up for the market gap. This shows that technological innovation is the core power to lead the market. Furthermore, the demand for Aluminum Brazing Paste will be higher and higher. The development of downstream enterprises towards large-scale, intensive and integrated will inevitably lead to the increasing demand for it.
The worldwide market for Aluminum Brazing Paste is expected to grow at a CAGR of roughly 4.4% over the next five years, will reach 88 million US$ in 2023, from 68 million US$ in 2017, according to a new GIR (Global Info Research) study.
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United States Aluminum Brazing Paste Market 2018 Forecast to 2023
Europe Aluminum Brazing Paste Market 2018 Forecast to 2023
North America Aluminum Brazing Paste Market 2018 Forecast to 2023
Asia-Pacific Aluminum Brazing Paste Market 2018 Forecast to 2023
China Aluminum Brazing Paste Market 2018 Forecast to 2023
EMEA Aluminum Brazing Paste Market 2018 Forecast to 2023
Global Aluminum Brazing Paste Market 2018 Forecast to 2023
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