Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
The global bronze market size reached around USD 9.97 Billion in 2023. The market is projected to grow at a CAGR of 3.20% between 2024 and 2032 to reach nearly USD 13.24 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- In 2020, China accounted for 29.4% of the total worldwide production of machine tools, leading to bronze market growth as well.
- Apart from China, Germany (15.6%) and Japan (13.9%) were the leading worldwide producers of machine tools in 2020.
- In 2020, the USA accounted for 11.1% of worldwide application of machine tools. Machinery makes use of bronze extensively.
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.
Compound Annual Growth Rate
Value in USD Billion
3.2%
2024-2032
Bronze Market Outlook
*this image is indicative*
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
Microstructure refinement of nickel aluminium bronze; the development of medium-entropy bronze alloy; increasing automobile production; and increasing demand for phosphor bronze are major trends impacting the bronze market expansion.
Microstructure refinement of nickel aluminium bronze
The addition of different quantities of tin in the NAB alloy can significantly improve its mechanical properties, such as tensile strength (28.4%) and hardness (69%). This is one of the key bronze market trends.
The development of medium-entropy bronze alloy
A group of researchers from China developed medium-entropy bronze alloys through an induction melting technique containing different quantities of tin. This substantially improved its wear resistance nature and mechanical properties.
Increasing automobile production
In 2022, nearly 85.4 million automobiles were produced worldwide, demonstrating a year-on-year growth of 5.7% from 2021. This is expected to increase the demand for bronze to produce engine components, thereby driving bronze market revenue.
Increasing demand for phosphor bronze
The rising demand for phosphor bronze can be attributed to the global shift towards sustainability, since phosphor bronze is a recyclable material with a lower environmental impact.
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
The EMR’s report titled “Global Bronze Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Alloy Type
- Aluminium
- Phosphor
- Silicon
Breakup by Application
- Architectural Parts
- Musical Instruments
- Transportation
- Industrial
- Others
Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 9.97 Billion.
The market is projected to grow at a CAGR of 3.20% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 13.24 Billion by 2032.
Key trends aiding the market expansion are microstructure refinement of nickel aluminium bronze, the development of medium-entropy bronze alloy, and increasing automobile production.
The different applications of bronze include architectural parts, musical instruments, transportation, and industrial, among others.
The different types of alloys in the market are aluminium, phosphor, and silicon.
The key market players are KME Germany GmbH, Wieland-Werke AG, Aurubis AG, Mitsubishi Materials Corporation, Mueller Industries, Proterial Metals, Ltd., Marmetal Industries, LLC, National Bronze Manufacturing Co., Lebronze Alloys, and MetalTek International, among others.
The different regions covered in the market report include the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Alloy Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124