North America Bronze Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

North America Bronze Market Growth

The growth of the US aerospace and defence industry is expected to fuel the demand for manganese bronze grade CZ114, which offer a tensile strength of 440 MPa and is ideal for high payload applications. In 2020, the industry generated a net revenue of USD 874 billion, which represented a share of 18.8% in the total revenue obtained by US non-food manufacturing industry. It also recorded USD 90.6 billion worth of exports to countries such as France (USD 11.4 billion), Canada (9.5 billion), the United Kingdom (USD 4.5 billion), Germany (USD 4.3 billion), Japan (USD 4.0 billion), and Mexico and Brazil (USD 2 billion each). The industry contributed nearly USD 382 billion to the domestic economic growth, accounting for nearly 1.8% of the US GDP. This is expected to drive the North America bronze market value over the forecast period.

In addition, the Canadian Mortgage and Housing Corporation reported that new home construction recorded a monthly growth of 21.6% in March 2021. As the demand for housing accelerates, the demand for silicon bronze (which comprises of 3%-5% of silicon by mass with small quantities of iron (1%) and remaining copper) in architectural applications is expected to soar significantly, due to its corrosion resistance nature, further propelling market growth.

Key Trends and Developments

North America Bronze Market Trends

North America accounts for around 20% of the share of global shipbuilding industry. The construction of small vessels leads contributes over USD 30 million to Canada’s total GDP annually. Total repair, refitting, and maintenance works performed under the National Shipbuilding Strategy contribute nearly USD 12 million to Canada’s GDP annually.

Moreover, in 2021, the government provided around USD 2.86 billion worth of new contracts to small-size ship building companies, which is further expected to fuel the demand for aluminium bronze-based pump shafts and fasteners, which have a high degree of corrosion resistance and a tensile strength of 650 MPa. This is expected to accelerate the North America bronze market development.

North America Bronze Industry Segmentation

North America Bronze Market Share

Based on country, the market is segmented into the United States and Canada. Canada is projected to dominate the market, representing 8.8% of the overall market share. Over the forecast period, the country is expected to grow at a CAGR of 3.3% because of the ongoing expansion of the maritime sector.

Leading Companies in the North America Bronze Market

Major market players are focusing on expanding their capabilities for delivering data center cooling solutions by establishing partnerships with other companies. This is one of the key North America bronze market trends.

Mueller Industries Inc

Mueller Industries Inc was founded in 1917 and is headquartered in Tennessee, United States. It has three different business segments, including industrial metals, climate products, and piping systems. Its products are used in a wide range of applications, from household appliances to automotive drivetrains.

National Bronze Manufacturing Co.

National Bronze Manufacturing Co. was founded in 1911 and is headquartered in Michigan, United States. It is o...

Wieland-Werke AG

Wieland-Werke AG was founded in 1820 and is headquartered in Ulm, Germany. It is a leading provider of semi-fi...

MetalTek International

MetalTek International was founded in 1945 and is headquartered in Wisconsin, United States. It is engaged in ...

*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 major market players are Advance Bronze Inc., PMX Industries, Inc., ANCHOR BRONZE & Metals, Inc., All Metal Sales, Inc., Aviva Metals, and Colonial Bronze, among others.