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United States Bronze Market

United States Bronze Market

United States Bronze Market, By Type (Aluminum Bronze, Phosphor Bronze, Silicon Bronze, Manganese Bronze, Leaded Bronze, Others); By Process (Bronze Casting, Bronze Forging, Bronze Extrusion, Others); By End Use (Architecture, Marine, Automotive & Transportation, Electrical & Electronics, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: October 2024
  • Report ID: BWC24730
  • Available Format: PDF
  • Page: 140

Report Overview

Expanding applications of bronze in the marine industry and in musical instruments and a spurring demand for the metal alloy from the thriving construction industry are expected to drive United States Bronze Market during the forecast period between 2024 and 2030.

United States Bronze Market – Industry Trends & Forecast Report, 2030

United States Bronze Market size was estimated at USD 1.89 billion in 2023. During the forecast period between 2024 and 2030, United States Bronze Market size is projected to grow at a CAGR of 2.9% reaching a value of USD 2.31 billion by 2030. Prominent drivers of the market include increasing investments in the construction and automotive industries. Bronze’s corrosion resistance and unique aesthetic make it highly suitable for use in furniture, wall panels, automotive parts, and marine components. As urbanization accelerates and vehicle production rises, demand for bronze alloys is expected to grow. Composed mainly of copper and tin, bronze is favored for its durability, low friction, and resistance to air and saltwater corrosion, making it essential in sectors like construction, shipbuilding, and electrical manufacturing. Its superior casting properties and common use in coin production further bolster its market demand. The wide-ranging applications of bronze in industrial machinery, construction, and electrical components enhance its market presence. Its durability, machinability, and resistance to corrosion make it a material of choice for bearings, bushings, and other machinery parts. In construction, bronze is valued for architectural elements such as doors, windows, and decorative features. Additionally, the growing need for electrical components due to bronze’s conductivity and wear resistance supports market expansion. Technological advancements have led to the development of new bronze alloys with improved properties, broadening its applications. The metal’s adoption in marine industries, thanks to its high seawater corrosion resistance, further boosts its growth. As a sustainable and recyclable material, bronze also aligns with global trends toward eco-friendly materials, while its use in the expanding automotive industry continues to drive United States Bronze Market.

United States Bronze Market

Bronze – Overview

Bronze, an alloy primarily composed of copper and about 12% tin, often includes other metals like aluminum, manganese, nickel, or zinc, as well as non-metals such as arsenic or silicon. Known for its strength, corrosion resistance, and malleability, bronze has transitioned from its historical significance to becoming essential in modern technology, manufacturing, art, and engineering applications. Its versatile properties make it a valuable material across various industries.

United States Bronze Market

Growth Drivers

Expanding Applications of Bronze in Marine Industry

Bronze has become a crucial material in the marine industry, due to its exceptional corrosion resistance and durability, making it ideal for withstanding the harsh saltwater environments. Its applications span across various marine components, including propeller shaft sleeves, rudder stock sleeves, hull fittings, valve components, and deck machinery, all essential for ensuring the smooth operation of marine vessels. The high strength and low friction properties of bronze contribute to its use in anchor winches, hoist mechanisms, and steering gears, prolonging the lifespan of these critical components. Furthermore, bronze is widely adopted in the construction of pump parts and other vital systems on ships and submarines, where its resilience to saltwater and mechanical stress is indispensable. With the ability to be cast or machined into complex shapes, bronze offers customized solutions for innovative marine engineering projects, reinforcing its expanding role within the marine industry.

Challenges

High Production Cost

The high cost of bronze production is driven by several key factors, particularly the rising prices of essential raw materials like copper and tin, which are the primary components of bronze. As the cost of these metals increases, it directly impacts the overall production expenses. Additionally, fluctuations in market demand also influence bronze pricing, with higher demand leading to increased prices. Labor and energy costs are significant contributors as well, where any rise in wages or energy prices inflates production costs. Moreover, the availability of recycled bronze plays a role, as recycled materials are often more affordable, and their scarcity can further elevate prices. These factors combined result in the high cost of bronze production and market pricing. Consequently, the high production cost could affect the growth of United States Bronze Market.

Impact of Escalating Geopolitical Tensions on United States Bronze Market

Escalating geopolitical tensions among countries across regions could adversely affect the growth of United States Bronze Market. Disruptions in supply chains, particularly for essential raw materials like copper and tin, could impact production availability and drive-up costs. Trade restrictions or tariffs may further increase production expenses, leading to higher prices. Given the reliance of industries such as construction, automotive, and aerospace on bronze, any instability could result in fluctuations in demand and hinder market growth. Overall, geopolitical factors pose a substantial risk to the dynamics of United States Bronze Market.

United States Bronze Market

Segmental Coverage

United States Bronze Market – By Type

By type, United States Bronze Market is divided into Aluminum Bronze, Phosphor Bronze, Silicon Bronze, Manganese Bronze, Leaded Bronze, and other segments. The aluminum bronze segment holds the largest share of United States Bronze Market by type. Aluminum bronze is commonly used in industrial machinery, marine hardware, and electronic components. The rich golden hue and tarnish resistance also make aluminum bronze popular in jewelry and architecture. However, due to their high temperature conductivity, strength, copper content, and abrasiveness, machining these alloys poses challenges for manufacturers as they can wear down cutting tools and equipment. To effectively work with these materials, it is crucial to select the appropriate machining parameters and cutting tools for optimal performance. Meanwhile, the silicon bronze segment is expected to record the fastest growth rate during the forecast period. The silicon bronze alloy segment is distinguished by its excellent corrosion resistance, attractive surface finish, and favorable pouring characteristics. Its casting capabilities make it suitable for applications in the aerospace and automotive sectors, particularly for components like bearing cages, raceways, and spacers. The expected growth in the aerospace industry, driven by an increasing demand for aviation and defense due to population growth and regional conflicts, is expected to enhance the growth of this segment over the forecast period.

United States Bronze Market Size

United States Bronze Market – By Process

Based on process, United States Bronze Market divided into Bronze Casting, Bronze Forging, Bronze Extrusion, and other segments. The bronze casting segment holds the highest share in United States Bronze Market by process, due to its widespread application across various industries, including construction, automotive, and art. Bronze casting is highly preferred for its durability, corrosion resistance, and ability to create complex shapes, making it ideal for manufacturing components such as bearings, bushings, and sculptures. Additionally, advancements in casting techniques have enhanced production efficiency, further driving demand. The versatility of the process, coupled with the increasing need for strong, long-lasting materials in industrial applications, has solidified bronze casting as the leading segment in the United States market.

United States Bronze Market – By End Use

On the basis of end use, United States Bronze Market is divided into Architecture, Marine, Automotive & Transportation, Electrical & Electronics, and other segments. The marine segment holds the largest share of United States Bronze Market by end use. Bronze is primarily consumed in the industrial sector, where it is used to manufacture durable components like clamps, valves, bushings, and pump parts. Its superior strength and ability to extend product life make it ideal for these applications. Additionally, bronze plays a key role in shipbuilding and other marine uses. With global seaborne trade on the rise, the demand for ships and tankers has increased, positioning the marine sector to grow at the fastest rate during the forecast period. This growing demand from the marine industry is expected to significantly drive the bronze market's expansion.

Competitive Landscape

Major players operating in United States Bronze Market include Reliable Bronze & Mfg Inc, National Bronze Manufacturing Co, Thyssenkrupp Materials NA Inc, Tough Copper Alloys INC, O'Hare Precision Metals LLC, ALB Copper Alloys Co Ltd, Morgan Bronze Products Inc, Buck Company LLC, and Travis Pattern and Foundry. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2030

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

USD Billion

Market Coverage

United States

Product/ Service Segmentation

Type, Process, End Use

Key Players

Reliable Bronze & Mfg Inc, National Bronze Manufacturing Co, Thyssenkrupp Materials NA Inc, Tough Copper Alloys INC, O'Hare Precision Metals LLC, ALB Copper Alloys Co Ltd, Morgan Bronze Products Inc, Buck Company LLC, Travis Pattern and Foundry

 

By Type

  • Aluminum Bronze

  • Phosphor Bronze

  • Silicon Bronze

  • Manganese Bronze

  • Leaded Bronze

  • Others

By Process

  • Bronze Casting

  • Bronze Forging

  • Bronze Extrusion

  • Others

By End Use

  • Architecture

  • Marine

  • Automotive & Transportation

  • Electrical & Electronics

  • Others

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. United States Bronze Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing Demand from the Construction Industry
        2. Expanding Applications in the Marine Industry
        3. Growing Demand for Bronze in Musical Instruments
      2. Restraints
        1. High Cost
        2. Limited Availability of Raw Materials
      3.  Opportunities
        1. Increasing Use in Automotive Components
        2. Rising Demand for Sustainable and Recyclable Materials
      4. Challenges
        1. Complexity of Manufacturing
        2. Limited Availability of Skilled Labor
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. United States Bronze Market Marketing Strategies
  5. United States Bronze Market: Pricing Analysis
  6. United States Bronze Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
        1. Aluminum Bronze
        2. Phosphor Bronze
        3. Silicon Bronze
        4. Manganese Bronze
        5. Leaded Bronze
        6. Others
      2. By Process
        1. Bronze Casting
        2. Bronze Forging
        3. Bronze Extrusion
        4. Others
      3. By End Use
        1. Architecture
        2. Marine
        3. Automotive & Transportation
        4. Electrical & Electronics
        5. Others
  7. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. United States Bronze Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  8. Impact of Escalating Geopolitical Tensions on United States Bronze Market
  9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Reliable Bronze & Mfg., Inc
    2. National Bronze Manufacturing Co.
    3. Thyssenkrupp Materials NA, Inc.
    4. Tough Copper Alloys INC.
    5. O'Hare Precision Metals, LLC
    6. ALB Copper Alloys Co., Ltd
    7. Morgan Bronze Products, Inc.
    8. Buck Company, LLC
    9. Travis Pattern and Foundry
    10. Other Prominent Players
  10. Key Strategic Recommendations
  11. Research Methodology
    1.    Qualitative Research
      1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Country
    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

 

List of Figures

 

Figure 1       United States Bronze Segmentation             

Figure 2       United States Bronze Market Value Chain Analysis           

Figure 3       Company Market Share Analysis, 2023         

Figure 4       United States Bronze Market Size, By Value (USD Billion), 2019–2030          

Figure 5       United States Bronze Market Share, By Type, By Value, 2019–2030              

Figure 6       United States Bronze Market Share, By Process, By Value, 2019–2030          

Figure 7       United States Bronze Market Share, By End Use, By Value, 2019–2030         

 

List of Tables

 

Table 1        United States Bronze Market Size, By Value (USD Billion), 2019–2030 

Table 2        United States Bronze Market Size, By Type, By Value, 2019–2030       

Table 3        United States Bronze Market Size, By Process, By Value, 2019–2030   

Table 4        United States Bronze Market Size, By End Use, By Value, 2019–2030

Table 5        Reliable Bronze & Mfg., Inc Company Overview

Table 6        Reliable Bronze & Mfg., Inc Financial Overview

Table 7        National Bronze Manufacturing Co. Company Overview

Table 8        National Bronze Manufacturing Co. Financial Overview

Table 9        Thyssenkrupp Materials NA, Inc. Company Overview

Table 10      Thyssenkrupp Materials NA, Inc. Financial Overview

Table 11      Tough Copper Alloys INC. Company Overview

Table 12      Tough Copper Alloys INC. Financial Overview

Table 13      O'Hare Precision Metals, LLC Company Overview

Table 14      O'Hare Precision Metals, LLC Financial Overview

Table 15      ALB Copper Alloys Co., Ltd Company Overview

Table 16      ALB Copper Alloys Co., Ltd Financial Overview

Table 17      Morgan Bronze Products, Inc. Company Overview

Table 18      Morgan Bronze Products, Inc. Financial Overview

Table 19      Buck Company, LLC Company Overview

Table 20      Buck Company, LLC Financial Overview

Table 21      Travis Pattern and Foundry Company Overview

Table 22      Travis Pattern and Foundry Financial Overview

 

Market Segmentation

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No data available

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Frequently Asked Questions (FAQs):

Ans: United States Bronze Market size by value was estimated at USD 1.89 billion in 2023.
Ans: United States Bronze Market is expected to grow at CAGR of 2.9% during the forecast period between 2024 and 2030.
Ans: By 2030, United States Bronze Market size is forecast to reach a value of USD 2.31 billion.
Ans: The growth of United States Bronze Market is primarily driven by an increasing demand from the construction industry, expanding applications in the marine industry, and growing demand for bronze in musical instruments.
Ans: Key players in United States Bronze Market include Reliable Bronze & Mfg Inc, National Bronze Manufacturing Co, Thyssenkrupp Materials NA Inc, Tough Copper Alloys INC, O'Hare Precision Metals LLC, ALB Copper Alloys Co Ltd, Morgan Bronze Products Inc, Buck Company LLC, and Travis Pattern and Foundry.
Ans: The aluminum bronze segment is expected to grow at the fastest CAGR in United States Bronze Market by type during the forecast period between 2024 and 2030.
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