Increasing Applications in Industrial and Residential Infrastructure to Help Brass Rods Market Reach Valuation of ~US$10 Bn by 2027, find TMR Report

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:

• The global brass rods market can be broadly segmented in terms of type of product, grade, end use, and region.
• In terms of type of product, the global market has been primarily dominated by the segment of extruded rods. The growth of the segment is attributed to the broad range of applications in the fields of electrical & electronic components and plumbing fittings.
• Based on grade, the segment of free cutting brass rods accounted for a majority share in 2018. This domination is due to its cost effectiveness and ease of manufacturing.
• Based on end use, the segment of plumbing fittings accounted for the largest share in the global brass rods market in 2018.

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