Global Phosphor Bronze Strip Market is Projected to Reach $ 76 Million by 2023

Date: 2020-04-23

Phosphor bronze is an alloy of copper with 0.5–11% of tin and 0.01–0.35% phosphorus. The tin increases the corrosion resistance and strength of the alloy. The phosphorus increases the wear resistance and stiffness of the alloy. Cu < 90%, Cu < 94%, Cu < 98% and Above 98% are the base classification, which represent 43.4%, 31.6%, 21.8% and 3.2% of global Phosphor Bronze Strip market.

Elastic Components, Wear Parts are the main application of Phosphor Bronze Strip product and Asia is the largest Phosphor Bronze Strip market on production and consumption.

In the context of China-US trade war and COVID-19 epidemic, it will have a big influence on this market. Global Phosphor Bronze Strip market is projected to reach $ 76 million by 2023, with a GAGR of 2.8% from 2019, and Asia will have a big dynamic momentum on the market growth. The major players in the global Phosphor Bronze Strip market are Mitsubishi, Harada Metal, Poongsan, Dowa, Anhui Xinke New Materials, Furukawa Metal, GBC Metals, Gibbs, Mead Metals, Heyco Metals, Wieland Werke, Aurubis, KME, Diehl etc.

Read Full Report: http://www.gosreports.com/global-phosphor-bronze-strip-market-research-report-2019-2023/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com

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