The manufacturers in the global brass rods market are now focusing on contemporary interior designs. As the concept of 'nostalgic comfort' takes hold, the manufacturers in the market leverage upcoming trends
These brass rods are being increasingly used across designing applications to enhance the aesthetic appeal. This trend is proving to be beneficial for market growth
ALBANY, New York, Feb. 24, 2020 /PRNewswire/ -- Transparency Market Research has been following the developments in the global brass rods market. According to the research report, the brass rods market is growing at a pace of ~3% CAGR for the forecast period ranging from 2019 to 2027. Given the rate of growth, the market valuation is expected to rise up to ~US$10 bn by the end of 2027.
"The companies in the global brass rod market are now capitalizing on the growing trend of aesthetic interior design to provide quality products. An emerging trend in the market is of 'metal of choice' preferred by lighting designers. Moreover, increasing popularity of brass as visually appealing golden metal in variety of lighting applications is also helping to push the growth of the global market.", notes TMR analyst.
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Key Findings in the Research Report:
Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Brass Rods Market by Grade: Free-cutting Brass Rods, Forging Brass Rods, High-tensile Brass Rods, Naval Brass Rods, and Others; Product Type: Extruded Rods and Hollow Rods; and End Use: Industrial Machinery, Automotive, Electrical & Electronics, Plumbing Fittings, and Others, Forecast 2019 – 2027 at https://www.transparencymarketresearch.com/brass-rods-market.html
Global Brass Rods Market – Prominent Growth Drivers
There are numerous factors that are helping to fuel the development of the global brass rods market. Some of the prominent growth drivers are mentioned below:
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Global Brass Rods Market – Prominent Restraining Factors
Even though the market is expected to have a positive growth outlook, there are some factors that might slow down the process and may prevent it from reaching its estimated potential. Some of the key restraining factors for the growth of the global brass rods market are given below:
Global Brass Rods Market – Geographical Outlook
Analyze Brass Rods market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.
Global Brass Rods Market – Competitive Landscape
The vendor landscape of the global market is fragmented because of the presence of large pool of well-established brands. The companies in the global market are focusing cutting down the production costs and optimizing their operations in order to gain a competitive advantage of their rivals.
Some of the key players in the global brass rods market are Mueller Industries, Inc., Hailiang Group, Wieland Group, Mitsubishi Shindoh Co. Ltd., Kobe Steel, Ltd., KME Germany GmbH & Co. KG, Tongling Nonferrous Metals Group Holding Co., Ltd, Poongsan America Corporation, Variety Metals Pvt Ltd, Hi-Tech Extrusion LLP, and Gold Metal Extrusion.
Global Brass Rods Market: Segmentation
Brass Rods Market, by Product Type
Brass Rods Market, by Grade
Brass Rods Market, by End Use
Brass Rods Market, by Region
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