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was valued US$ XX Mn in 2019 and is expected to grow US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.
Global Brass Rods Market
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Brass rod is a composite of Copper and Zinc which is famous for its immense strength and shield against corrosion. Brass rods are hollow pieces of leaded brass mostly manufactured in the shape of a rod used for machining applications. These rods show superior mechanical properties and are resistant to corrosion with high electrical conductivity. These rods come in a varied range of sizes and find their use in the manufacture of precision tools used in electronics, sanitary ware, automotive, industrial equipment, plumbing, and architecture. It is useful for the marine construction industry because of its durability, corrosive resistance, and hard material.
The increased rate of plumbing and architectural activities carried out in the ever-expanding construction sector is the driving factor for the brass rod market growth. Also, an increase is being experienced in the popularity of brass rods in marine constructions on account of their corrosion-free properties. A hike in the alloy usages as the need for more strength in construction industries is flourishing, these facets are expected to push the global brass rods market growth. The augmented demand for high-end electrical and electronic devices will further force the growth of the brass rod market as these rods form a worthwhile option in the manufacturing sector because of their lightweight and high strength. Rapid industrialization will help in the exponential growth of the market due to the increased adoption of these rods in industrial machinery. Additionally, the brass rods market is increasing especially since the rise in the development activities in varied developing economies like India, China, and Indonesia.
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