Phosphor Bronze Wire Market Size, Share & Industry Analysis, By Type (CuSn5, CuSn6, CuSn8), By Application (Transmission, Communication, Others) And Regional Forecast, 2024-2032

Phosphor bronze is an alloy of copper, phosphorus, and tin. The phosphorus in the alloy increases its stiffness and wear resistance, whereas the tin increases its corrosion resistance and strength. They are distinguished for their low coefficient of friction, strength, fine grain, and toughness. The phosphorus in the alloy decreases viscosity, thereby making the molten alloy cleaner and easier to cast and reducing the grain boundaries stuck between crystallites. Phosphate bronze wires are used in applications that require resistance against chemicals, wear, and fatigue. For example, bolts and springs and propellers in ships.

Demand for phosphate bronze wires is high primarily due to their moderate cost, high electric conductivity, and physical properties. Moreover, the wires can be molded into a wide variety of shapes, which makes them ideal for use in electrical contacts, springs, and a range of wire forms. Wires offer many advantages over the more expensive beryllium copper. Furthermore, phosphate bronze wires are used in cryogenics, where the wires’ combination of low thermal conductivity and fair electrical conductivity permits the creation of electrical connections to devices at ultra-low temperature without the addition of excessive heat.

During the pandemic conditions, the aircraft and shipbuilding manufacturing facilities were on a temporary halt during the lockdown, which had led to a decrease in the consumption of bronze alloys used in these end-user industries, which in turn negatively impacts the market demand for bronze.

Based on type, the market is bifurcated into CuSn5, CuSn6, and CuSn8. Cusn5 is corrosion resistant and can be well soldered and brazed, yet it still has good electrical conductivity whereas Cusn6 has high strength and good springiness at an adequate conductivity and is well suited for cold forming operations.

Based on applications, the phosphor bronze wire market is segregated into transmission, communication, and others. A transmission grid is a network of power stations, transmission lines, and substations. Energy is usually transmitted within a grid with three-phase AC whereas communication helps in carrying the energy through wire properly.

Phosphor bronze is a good electrical conductivity act as a key driver to increase the growth of the market and with that is a great product for strength performance. Through this, its durability increases and usage is wider. Considering this fact, investors come and invest in the market to get profit maximization.

Bronze is usually more expensive than brass, partly due to the processes required to manufacture bronze. Sometimes in between the cycle of demand, the market growth can be declined because of its high cost.

Key Market Driver -

Strength performance and durability to support the growth

Key Market Restraint -

High cost of raw material and availability of cheaper alternative

Key Players Covered:

Major companies operating in the phosphor bronze wire market include AMETEK, Ken-tron, Chaplin Wire, Little Falls Alloys, Loos and Company, Gibbs Wire, California Fine Wire, vNBM Metals, Daburn Electronics & Cable, Brim Electronics, Standard Wire & Cable, and Well Fore Special Wire Corporation.

Regional Analysis:

The phosphor bronze wire market has been segregated into five key regions namely North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America dominated the phosphate bronze wire market in 2016, closely followed by Europe and Asia Pacific. The trend is anticipated to continue throughout the forecast period. The U.S. held a prominent share of the phosphate bronze wire market in North America in 2016 and is estimated to remain a dominant country in the phosphate bronze wire market in the region during the forecast period.

Furthermore, the market in the U.S. is anticipated to expand at a rapid pace shortly due to the expansion of the shipping and construction industries in the country. The phosphate bronze wire market in the Asia Pacific is also projected to be very attractive during the forecast period due to expansion opportunities offered by developing economies of the region. Furthermore, the construction industry in Latin America is anticipated to augment the phosphate bronze wire market in the region in the near future.

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Segmentation

Key Developments

• In March 2019, Hunt Valve Company has announced the acquisition of Montreal Bronze Ltd., a manufacturer of bronze valves for marine, pharmaceutical, and nuclear applications, thus led to an increase in the company's product portfolio and enhances its business.


• In February 2018, Matthews International Corporation has acquired Star Granite & Bronze, a manufacturer of bronze products, thus, in turn, enhanced the company's product portfolio and its bronze-based business.


• In July 2019, Air China further ordered 20 more Airbus A350s for long-haul routes, which will be delivered during the period of 2020 - 2022. Owing to the investment and new order placements for aircraft, it is expected that the demand for bronze from the aircraft sector is