Increasing Applications in Industrial and Residential Infrastructure to Help Brass Rods Market Reach Valuation of ~US$10 Bn by 2027, find TMR Report - Seite 2

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:

• One of the most prominent driving factor for the market growth has been the number of benefits these products offer. Brass rods are excellent material characteristics such as high durability, high strength, low weight, ability to endure higher temperatures, and corrosion resistance. Moreover, they are extremely cost efficient as compared to copper. Such benefits are thus driving the growth of the global market.
• Another important driving factor for the growth of the global brass rods market is its wide range of applications.
• Brass rods are now being widely used as fitting components in residential as well as commercial infrastructure establishments. Their high malleability and thermal properties make them ideal for such application. This is also projected to improve the sales of the products and contribute in overall market growth.
• Brass is a mixture of copper and zinc and thus possess excellent material characteristics similar to the parent elements. It makes brass a preferred element for producing plumbing component as it does not lose it thermal and chemical properties during the recycling.
• In several developing countries, vast amounts of investments are being poured in for the expansion and growth of their respective construction sector. This is expected to have a highly positive impact on the overall development of the global brass rods market.

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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:

• One of the key restraining factors for market growth is the constant fluctuation in the prices of raw materials.
• Another important fact that may slow down the growth of the brass rods market is the easy availability of substitutes such as PEX-based plumbing materials, CPVC, and PVC materials among others.

Global Brass Rods Market – Geographical Outlook