Global Silver- and Gold-Based Brazing Materials Market 2016-2020

Outlook of the global silver- and gold-based brazing materials market

Technavio’s market research analyst predicts that the global silver- and gold-based brazing materials market will grow steadily at a CAGR of more than 3% during the forecast period. The rising demand for silver and gold-based brazing material from the heating, ventilation, air-conditioning, and refrigeration (HVAC&R) segment is one of the key drivers of market growth. The demand for silver-based brazing materials is high for various applications in the HVAC&R segment in emerging economies like Mexico will spur the growth of the silver- and gold-based brazing materials market globally.

The increasing demand from emerging economies for silver- and gold-based brazing materials is expected to bolster the growth of this market until the end of 2020. Rapid economic development in countries like India has contributed to the growth of several macroeconomics factors, thereby increasing the demand for brazing applications. Thus, it can be concluded that fast growth in the HVAC&R, manufacturing, and aerospace sectors will positively affect the market for silver- and gold-based brazing materials over the forecast period.

Segmentation by application and analysis of the silver-based brazing materials market

• HVAC&R
• Automotive
• Electricals and electronics