Product Code: ETC426925 | Publication Date: Oct 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Philippines Brass Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 10.44% in 2028, following an initial rate of 7.51%, before easing to 8.85% at the end of the period.
The Brass market in Philippines is projected to grow at a high growth rate of 10.27% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
In the brass market, the Philippines boasts a rich cultural heritage intertwined with metallurgy. Brass, a versatile alloy, finds its applications in decorative items, musical instruments, and various industrial components. The market is influenced by both local craftsmanship and global demand, with artisans creating intricate brass pieces and manufacturers catering to industrial needs.
Brass has deep cultural roots in the Philippines, often used to create intricate items like religious artifacts, traditional musical instruments (such as kulintang ensembles), and ornate household items. The market thrives on the preservation and continuation of these cultural practices, attracting both local buyers and tourists interested in the country`s artistic heritage. Skilled artisans create brass items using age-old techniques passed down through generations. The craftsmanship involved in designing and producing brass items adds to their aesthetic value. Tourists and collectors appreciate the artistic flair that these handcrafted pieces exhibit. The Philippines` tourism industry plays a significant role in the brass market. Tourists seek authentic, locally-made souvenirs that showcase the country`s culture and artistry. Brass items, with their intricate designs and cultural significance, cater to this demand and contribute to the market`s growth.
The key players in the Philippines brass market include Punta Princesa Foundry Inc., Metalworks Corporation, Goldline Metals Co., Inc., Steelspan International Corp., DMCI Holding Limited, San-Vic Trading Corporation, and Alloy Steel Products. These companies offer a variety of products including bronze castings for industrial parts and automotive components; non-ferrous metal alloys; structural shapes; pipes fittings; precision machined parts; forgings that meet international standards like ASTM A276/A484 etc. ; aluminum extrusions for various applications; copper wire rope slings & assemblies etc.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Brass Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Brass Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Brass Market - Industry Life Cycle |
3.4 Philippines Brass Market - Porter's Five Forces |
3.5 Philippines Brass Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Brass Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Philippines Brass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for brass products in various industries such as construction, automotive, and electronics. |
4.2.2 Increasing urbanization and infrastructure development projects in the Philippines. |
4.2.3 Adoption of brass as a sustainable and environmentally friendly material in manufacturing processes. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs. |
4.3.2 Intense competition from alternative materials like aluminum and steel. |
4.3.3 Economic uncertainties and currency fluctuations affecting consumer spending and investment in brass products. |
5 Philippines Brass Market Trends |
6 Philippines Brass Market, By Types |
6.1 Philippines Brass Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Brass Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Philippines Brass Market Revenues & Volume, By Brass Wires, 2021-2031F |
6.1.4 Philippines Brass Market Revenues & Volume, By Brass Rods, 2021-2031F |
6.1.5 Philippines Brass Market Revenues & Volume, By Brass Strips, 2021-2031F |
6.2 Philippines Brass Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Philippines Brass Market Revenues & Volume, By Meshes, 2021-2031F |
6.2.3 Philippines Brass Market Revenues & Volume, By Springs, 2021-2031F |
6.2.4 Philippines Brass Market Revenues & Volume, By Cables and Wires, 2021-2031F |
6.2.5 Philippines Brass Market Revenues & Volume, By Mechanical Fasteners, 2021-2031F |
6.2.6 Philippines Brass Market Revenues & Volume, By Rivets, 2021-2031F |
6.2.7 Philippines Brass Market Revenues & Volume, By High-strength Welding Suture, 2021-2031F |
6.2.8 Philippines Brass Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.9 Philippines Brass Market Revenues & Volume, By Automotive, 2021-2031F |
7 Philippines Brass Market Import-Export Trade Statistics |
7.1 Philippines Brass Market Export to Major Countries |
7.2 Philippines Brass Market Imports from Major Countries |
8 Philippines Brass Market Key Performance Indicators |
8.1 Percentage increase in the number of infrastructure projects utilizing brass materials. |
8.2 Growth in the number of brass product manufacturers in the Philippines. |
8.3 Adoption rate of innovative brass manufacturing technologies in the market. |
8.4 Percentage increase in the use of brass in new applications and industries. |
8.5 Number of partnerships or collaborations between brass manufacturers and government/private entities for sustainable development initiatives. |
9 Philippines Brass Market - Opportunity Assessment |
9.1 Philippines Brass Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Brass Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Philippines Brass Market - Competitive Landscape |
10.1 Philippines Brass Market Revenue Share, By Companies, 2024 |
10.2 Philippines Brass Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |