United States Brass Tube Market, By Type (Casting-Rolling, Extrusion); By End Use Industry, Trend Analysis, Competitive Landscape & Forecast, 2019-2030

PUBLISHED: September 30, 2024

PAGES: 128 Pages

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United States Brass Tube Market Grows at Steady CAGR to Surpass USD 2.7 Billion by 2030

United States Brass Tube Market is booming primarily due to an increasing industrial expansion driving the demand for brass tubes, rising corrosion resistance enhancing brass tube appeal, growing thermal conductivity boosting application in heat-intensive industries, and soaring workability supporting versatile fabrication.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Brass Tube Market size by value at USD 2.4 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Brass Tube Market size to expand at a CAGR of 2.1% reaching a value of USD 2.71 billion by 2030. The Brass Tube Market in United States is propelled by the increasing demand for high-performance materials in diverse industries. Admiralty, commercial, and aluminum brass tubing, each offering distinct advantages in corrosion resistance, durability, and malleability, are key players in this market. The U.S. market is particularly buoyant, fueled by applications in HVAC, agriculture, construction, and marine sectors. Rising investments in infrastructure, energy, and sustainable practices further contribute to the market's expansion, solidifying brass tubing's position as a preferred choice for various applications.

Automotive Segment Holds Largest Share of the US Brass Tube Market

The automotive segment accounts for the largest share of United States Brass Tube Market by end use industry. The widespread use of brass tubing in critical automotive components such as fuel and brake lines, radiators, and exhaust systems is a major driver of market demand. The industry's need for reliable, durable, and cost-effective parts that meet stringent safety standards has significantly boosted the popularity of brass tubing. Additionally, ongoing advancements in manufacturing processes and materials have further enhanced its appeal, making it a preferred choice for a variety of automotive applications. The other major end use industry segments of United States Brass Tube Market include construction, industrial machinery, plumbing & HVAC, and electrical & electronics.

Impact of Escalating Geopolitical Tensions on United States Brass Tube Market

Intensifying geopolitical tensions could have a multifaceted impact on United States Brass Tube Market. Higher tariffs on key raw materials like copper and zinc, coupled with disruptions in the global supply chain, could lead to increased production costs and potential supply shortages. These factors, combined with unpredictable price fluctuations, may create instability for manufacturers and buyers alike. Furthermore, strained international relations could hinder export opportunities and limit market expansion. As geopolitical risks persist, they pose a substantial threat to the stability and growth of the United States Brass Tube Market.

Competitive Landscape

United States Brass Tube Market is highly fragmented, with numerous players serving the market. The key players dominating United States Brass Tube Market include Ningbo Jintian, Tongling Nonferrous Metals, Wieland, KME, Hailiang Group, CHALCO, ALMAG SPA, Mueller Industries, Ningbo Jinglong, Chase Brass, CK San-Etsu Co Ltd. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and United States Brass Tube Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Brass Tube Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC24721

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. United States Brass Tube Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Driver
  - 3.2.1.1. Industrial Expansion Driving Market Demand
  - 3.2.1.2. Superior Corrosion Resistance Enhancing Brass Tube Appeal
  - 3.2.1.3. High Thermal Conductivity Boosting Application in Heat-Intensive Industries
  - 3.2.1.4. Excellent Workability Supporting Versatile Fabrication
- 3.2.2. Restraints
  - 3.2.2.1. Price Volatility Affecting Market Stability
  - 3.2.2.2. Competitive Pressure from Substitute Materials
- 3.2.3. Opportunities
  - 3.2.3.1. Technological Advancements Creating New Market Opportunities
  - 3.2.3.2. Infrastructure Investments Spurring Demand Growth
- 3.2.4. Challenges
  - 3.2.4.1. Intense Global Competition in the Brass Tube Market
  - 3.2.4.2. Supply Chain Vulnerabilities Impacting Production and Pricing
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. United States Brass Tube Market: Marketing Strategies

5. United States Brass Tube Market Overview

5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Million)
5.2. Market Share and Forecast
- 5.2.1. By Type
  - 5.2.1.1. Casting-Rolling (CR)
  - 5.2.1.2. Extrusion
- 5.2.2. By End Use Industry
  - 5.2.2.1. Automotive
  - 5.2.2.2. Construction
  - 5.2.2.3. Industrial Machinery
  - 5.2.2.4. Plumbing & HVAC
  - 5.2.2.5. Electrical & Electronics
  - 5.2.2.6. Others

6. Competitive Landscape

6.1. List of Key Players and Their Offerings
6.2. United States Brass Tube Market Share Analysis, 2023
6.3. Competitive Benchmarking, By Operating Parameters
6.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

7. Impact of Escalating Geopolitical Tensions on United States Brass Tube Market

8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

8.1. Ningbo Jintian
8.2. Tongling Nonferrous Metals
8.3. Wieland
8.4. KME
8.5. Hailiang Group
8.6. CHALCO
8.7. ALMAG SPA
8.8. Mueller Industries
8.9. Ningbo Jinglong
8.10. Chase Brass
8.11. CK San-Etsu Co Ltd
8.12. Other Prominent Players

9. Key Strategic Recommendations

10. Research Methodology

10.1. Qualitative Research
- 10.1.1. Primary & Secondary Research
10.2. Quantitative Research
10.3. Market Breakdown & Data Triangulation
- 10.3.1. Secondary Research
- 10.3.2. Primary Research
10.4. Breakdown of Primary Research Respondents, By Region
10.5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

Product Code: BWC24721

List of Figures

Figure 1 United States Brass Tube Market Segmentation
Figure 2 United States Brass Tube Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 United States Brass Tube Market Size, By Value (USD Million), 2019-2030
Figure 5 United States Brass Tube Market Share, By Type, By Value, 2019-2030
Figure 6 United States Brass Tube Market Share, By End User Industry, By Value, 2019-2030

List of Tables

Table 1 United States Brass Tube Market Size, By Value (USD Million), 2019-2030
Table 2 United States Brass Tube Market Share, By Type, By Value, 2019-2030
Table 3 United States Brass Tube Market Share, By End User Industry, By Value, 2019-2030
Table 4 Ningbo Jintian Company Overview
Table 5 Ningbo Jintian Financial Overview
Table 6 Tongling Nonferrous Metals Company Overview
Table 7 Tongling Nonferrous Metals Financial Overview
Table 8 Wieland Company Overview
Table 9 Wieland Financial Overview
Table 10 KME Company Overview
Table 11 KME Financial Overview
Table 12 Hailiang Group Company Overview
Table 13 Hailiang Group Financial Overview
Table 14 CHALCO Company Overview
Table 15 CHALCO Financial Overview
Table 16 ALMAG SPA Company Overview
Table 17 ALMAG SPA Financial Overview
Table 18 Mueller Industries Company Overview
Table 19 Mueller Industries Financial Overview
Table 20 Ningbo Jinglong Company Overview
Table 21 Ningbo Jinglong Financial Overview
Table 22 Chase Brass Company Overview
Table 23 Chase Brass Financial Overview
Table 24 CK San-Etsu Co Ltd Company Overview
Table 25 CK San-Etsu Co Ltd Financial Overview