Report Overview

India Brass Market – Industry Trends & Forecast Report, 2030

India Brass Market size by value was estimated at USD 526.68 million in 2023. During the forecast period between 2024 and 2030, India Brass Market size is expected to expand at a CAGR of 4.60% reaching a value of USD 711.81 million by 2030. India Brass Market is driven by increased demand in manufacturing, construction, and handicrafts. Brass's versatility, durability, and aesthetic appeal contribute to market growth. The revival of traditional crafts and the export of brass items also play a role in driving this market.

Brass – Overview

Brass is an alloy made primarily of copper and zinc, known for its attractive gold-like appearance and resistance to corrosion. It is highly versatile and used in various industries, including manufacturing, construction, and music. Brass is favored for its durability, machinability, and acoustic properties, making it ideal for plumbing fittings, decorative items, and musical instruments like trumpets and saxophones. Its antimicrobial properties also make it suitable for medical and food-related applications, highlighting its diverse range of uses and significance in modern industry.

India Brass Market

Growth Drivers

Demand for Brass from Thriving Electrical & Electronics Industry

The growing electrical and electronics industry significantly drives India Brass Market. Brass is essential for manufacturing electrical components like connectors and terminals due to its excellent conductivity and corrosion resistance. As the demand for electronic devices and systems rises, so does the need for high-quality brass components, propelling market growth.

Challenges

Fluctuating Metal Prices Could Restrain Market Growth

Fluctuating metal prices could significantly limit the growth of India Brass Market. Variations in the cost of copper and zinc, the primary raw materials for brass production, can lead to unpredictable manufacturing expenses. These fluctuations impact manufacturers' profitability and pricing strategies, making it challenging to maintain stable market growth. Additionally, higher raw material costs can increase the overall price of brass products, affecting demand and competitiveness in both domestic and international markets.

Impact of Escalating Geopolitical Tensions on India Brass Market

Further spreading and intensifying geopolitical tensions among countries across the major regions could adversely affect the growth of India Brass Market. Economic, political, and trade tensions could disrupt global supply chains, leading to shortages of raw materials and increased costs for manufacturers. Additionally, political instability can deter foreign investments and affect consumer confidence, leading to reduced spending on brass products. The resulting economic strain can hinder market growth, despite the rising demand for quality brass.

India Brass Market

Segmental Coverage

India Brass Market – By Type

By type, India Brass Market is divided into Brass Wires, Brass Rods, Brass Strips segments. The brass rods segment holds the largest share of India Brass Market by type. The segment's dominance is driven by high demand in sectors such as automotive, electrical, and construction, due to brass rods' durability, corrosion resistance, and machinability. Brass rods are widely utilized in manufacturing components like fasteners, fittings, and architectural hardware. Growing infrastructure projects and an expanding automotive industry further boost the demand for brass rods. Meanwhile, advancements in manufacturing technologies and an increase in brass recycling are enhancing production efficiencies, supporting this segment's continued growth in India Brass Market.

India Brass Market – By Application

On the basis of application, India Brass Market is divided into Meshes, Springs, Cables & Wires, Mechanical Fasteners, Rivets, High-strength Welding Suture, Machines, Automotive, and Electric Appliances segments. The cables & wires segment holds the largest share of India Brass Market by application. The segment holds a prominent share due to brass’s excellent conductivity and corrosion resistance, making it ideal for electrical applications. The demand for brass cables and wires is fueled by India’s expanding power infrastructure, telecommunications, and electronics sectors. With increasing investments in renewable energy and electrification projects, this segment continues to grow rapidly. Further, brass’s durability and ability to withstand extreme conditions make it a preferred material in these applications, reinforcing its position as the largest segment in India Brass Market.

India Brass Market – By Region

By region, India Brass Market is divided into North India, South India, East India, and West India. North India holds the largest share, driven by the region's extensive industrial base, particularly in Uttar Pradesh and Haryana, where brass manufacturing hubs like Moradabad and Aligarh thrive. The demand is fueled by various sectors including handicrafts, home decor, and hardware, along with strong export demand. North India benefits from well-established infrastructure, skilled artisans, and proximity to key trade routes, enabling efficient distribution domestically and internationally. The region's dominance is also supported by government initiatives encouraging traditional brassware exports and production, enhancing its lead in India Brass Market.

Competitive Landscape

Key players in the highly competitive India Brass Market include Hindalco Industries Limited, Sterlite Technologies Limited, KCP Limited, Rajasthan State Mines and Minerals Corporation (RSMML), Gwalior Steel Limited (GSL), Hind High Vacuum (HHV), Usha Martin Limited, Jai Balaji Alloys Limited, and Bajaj Electricals Limited. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Type

• Brass Wires

• Brass Rods

• Brass Strips

By Application

• Meshes

• Springs

• Cables & Wires

• Mechanical Fasteners

• Rivets

• High-strength Welding Suture

• Machines

• Automotive

• Electric Appliances

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Brass Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing Construction Industry
         2. Increasing Automotive Industry
         3. Growing Electrical and Electronics Industry
      2. Restraints
         1. Fluctuating Metal Prices
         2. Competition from Alternative Materials
      3. Opportunities
         1. Expansion in Industrial Applications
         2. Advancement in Technology
      4. Challenges
         1. Economic Downturns
         2. Supply Chain Disruptions
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Brass Market: Marketing Strategies
5. India Brass Market: Pricing Analysis
6. India Brass Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Brass Wires
         2. Brass Rods
         3. Brass Strips
      2. By Application
         1. Meshes
         2. Springs
         3. Cables & Wires
         4. Mechanical Fasteners
         5. Rivets
         6. High-strength Welding Suture
         7. Machines
         8. Automotive
         9. Electric Appliances
      3. By Region
         1. North India
         2. South India
         3. East India
         4. West India
7. North India Brass Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Application
8. South India Brass Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Application
9. East India Brass Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Application
10. West India Brass Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product
       2. By Application
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Brass Market Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Escalating Geopolitical Tensions on India Brass Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Hindalco Industries Limited
    2. Sterlite Technologies Limited
    3. KCP Limited
    4. Rajasthan State Mines and Minerals Corporation (RSMML)
    5. Gwalior Steel Limited (GSL)
    6. Hind High Vacuum (HHV)
    7. Usha Martin Limited
    8. Jai Balaji Alloys Limited
    9. Bajaj Electricals Limited
    10. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
    1.    Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Country
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       India Brass Market Segmentation

Figure 2       India Brass Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       India Brass Market Size, By Value (USD Million), 2019–2030

Figure 5       India Brass Market Share, By Product, By Value, 2019–2030

Figure 6       India Brass Market Share, By Application, By Value, 2019–2030

Figure 7       India Brass Market Share, By Region, By Value, 2019–2030

Figure 8       North India Brass Market Size, By Value (USD Million), 2019–2030

Figure 9       North India Brass Market Share, By Product, By Value, 2019–2030

Figure 10     North India Brass Market Share, By Application, By Value, 2019–2030

Figure 11     South India Brass Market Size, By Value (USD Million), 2019–2030

Figure 12     South India Brass Market Share, By Product, By Value, 2019–2030

Figure 13     South India Brass Market Share, By Application, By Value, 2019–2030

Figure 14     East India Brass Market Size, By Value (USD Million), 2019–2030

Figure 15     East India Brass Market Share, By Product, By Value, 2019–2030

Figure 16     East India Brass Market Share, By Application, By Value, 2019–2030

Figure 17     West India Brass Market Size, By Value (USD Million), 2019–2030

Figure 18     West India Brass Market Share, By Product, By Value, 2019–2030

Figure 19     West India Brass Market Share, By Application, By Value, 2019–2030

List of Tables

Table 1        India Brass Market Size, By Value (USD Million), 2019–2030

Table 2        India Brass Market Size, By Product, By Value, 2019–2030

Table 3        India Brass Market Size, By Application, By Value, 2019–2030

Table 4        India Brass Market Size, By Region, By Value, 2019–2030

Table 5        North India Brass Market Size, By Value (USD Million), 2019–2030

Table 6        North India Brass Market Size, By Product, By Value, 2019–2030

Table 7        North India Brass Market Size, By Application, By Value, 2019–2030

Table 8        South India Brass Market Size, By Value (USD Million), 2019–2030

Table 9        South India Brass Market Size, By Product, By Value, 2019–2030

Table 10      South India Brass Market Size, By Application, By Value, 2019–2030

Table 11      East India Brass Market Size, By Value (USD Million), 2019–2030

Table 12      East India Brass Market Size, By Product, By Value, 2019–2030

Table 13      East India Brass Market Size, By Application, By Value, 2019–2030

Table 14      West India Brass Market Size, By Value (USD Million), 2019–2030

Table 15      West India Brass Market Size, By Product, By Value, 2019–2030

Table 16      West India Brass Market Size, By Application, By Value, 2019–2030

Table 17      Hindalco Industries Limited Company Overview

Table 18      Hindalco Industries Limited Financial Overview

Table 19      Sterlite Technologies Limited Company Overview

Table 20      Sterlite Technologies Limited Financial Overview

Table 21      KCP Limited Company Overview

Table 22      KCP Limited Financial Overview

Table 23      Rajasthan State Mines and Minerals Corporation (RSMML) Company Overview

Table 24      Rajasthan State Mines and Minerals Corporation (RSMML) Financial Overview

Table 25      Gwalior Steel Limited (GSL) Company Overview

Table 26      Gwalior Steel Limited (GSL) Financial Overview

Table 27      Hind High Vacuum (HHV) Company Overview

Table 28      Hind High Vacuum (HHV) Financial Overview

Table 29      Usha Martin Limited Company Overview

Table 30      Usha Martin Limited Financial Overview

Table 31      Jai Balaji Alloys Limited Company Overview

Table 32      Jai Balaji Alloys Limited Financial Overview

Table 33      Bajaj Electricals Limited Company Overview

Table 34      Bajaj Electricals Limited Financial Overview