Global Bronze Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)

Global Bronze Market Growth

During 2023, the availability of copper surged by 4%, equating to 61 million tons. This indicates the increasing application of copper in manufacturing alloys such as bronze. Among regions, Latin America accounts for 55.6% (730.9 million tons) of global copper reserves. Of this, nearly 573.9 million tons are found in Chile and Peru. The Asia Pacific and North America account for 21% and 10% of copper reserves respectively due to the presence of sites such as Grasberg in Indonesia and Oyu Tolgoi in Mongolia. Presence of robust copper reserves has driven market’s growth.

Moreover, with the expansion of the construction and infrastructure sector, bronze is expected to emerge as a critical raw material for architects, which in turn, can drive the overall bronze market share. The expansion of the global shipbuilding industry, driven by the proliferation of global trade is also expected to drive the market. China is expected to lead the global shipbuilding industry over the forecast period. As per the Chinese Ministry of Industry and Information Technology, shipbuilding recorded a y-o-y growth of 11.8% in China. New shipbuilding orders increased by 56.4% and reached 71.2 million dwt, accounting for 66.6% share of the world. These factors are propelling market growth.

Key Trends and Developments

Global Bronze Market Trends

One of the significant trends in the market is the increasing global demand for automotives, particularly electric vehicles. As per the industrial analysis, Greater China produced 27,222 thousand units of automotives in 2022, followed by Europe (16,391 thousand units), North America (14,901 thousand), and Japan and South Korea (11,334). The sustained increase in automotive production worldwide is expected to increase the demand for bronze over the forecast period, since it’s used in the production of various automotive components.

Bronze Industry Segmentation

Global Bronze Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the Asia Pacific is expected to grow at a CAGR of 3.6% because of rapid growth of the construction and manufacturing sector in the region.

Leading Companies in the Global Bronze Market

Major mining companies are expected to benefit from enhancing their budgetary allocation for exploration of new copper reserves. This can potentially favour the bronze market dynamics.

Aurubis AG

Aurubis AG was founded in 1886 and is headquartered in Hamburg, Germany. It annually produces over 1 million tons of copper cathodes. Besides, it’s the world's largest manufacturer of non-ferrous metals, apart from being a leading recycler of copper products.

Mitsubishi Materials Corporation

Mitsubishi Materials Corporation was founded in 1871 and is headquartered in Chiyoda, Tokyo. It is engaged in ...

Proterial Metals, Ltd.

Proterial Metals, Ltd. was founded in 2023 and is headquartered in Tokyo, Japan. It is engaged in the manufact...

Marmetal Industries, LLC

Marmetal Industries, LLC was founded in 1965 and is headquartered in Pennsylvania, United States. It is engage...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the bronze market report are KME Germany GmbH, Wieland-Werke AG, Mueller Industries, National Bronze Manufacturing Co., Lebronze Alloys, and MetalTek International, among others.