Gold Bronze Powder Market Size, Share & Growth Report | 2031

Report Description

Gold Bronze Powder Market Outlook

The Global Gold Bronze Powder Market was estimated at USD 63.35 Mn in 2022 and is anticipated to reach USD ~104.28 Mn by 2031, expanding at a CAGR of 5.8% during the forecast period.

Gold Bronze is an alloy of copper and zinc (brass). The color depends upon its composition that ranges from reddish to greenish yellow. It is available in pale gold, rich pale gold, rich gold, and other special shades. Bronze powders are specially formulated powdered metals that are processed to emulate metallic shades at a lesser price than that of metal leaf. These bronze powders are designed to be mixed with a water-based medium to form a paint.

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Macro-economic Factors

Economic Conditions

Economic conditions significantly affect the gold bronze powder market. Consumers have high disposable income during a period of economic expansion and prosperity, which automatically leads to increased demand for luxury and decorative items. Gold bronze powder is extensively used in various applications, such as cosmetics, that register high demand during economic expansion.

For instance, according to the International Monetary Fund (IMF), global growth has slowed from 6.0% in 2021 to 3.2% in 2022 and 2.7% in 2023. This economic scenario is expected to affect the market significantly.

Gold Bronze Powder Market Dynamics

Market Driver- Rising Number of Beauty & Cosmetic Companies

Growing number of businesses in the cosmetic sector is driving the demand for gold bronze powder. Rising number of cosmetic companies is creating the demand for a wide range of product offerings. Gold bronze powders are widely used to create unique finishes and textures, thus, boosting its applications and the market.

According to Zippia, approximately USD 49.2 billion of revenue is generated by cosmetics sales in the US annually. In 2022, the global cosmetics market registered growth of about 6% percent in comparison to the previous year.

Market Restraint- Fluctuation in Raw-material Cost

Fluctuation in raw-material costs is restraining the gold bronze powder market. Unpredictable fluctuations in the prices of raw materials, such as copper, create uncertainty for manufacturers. Fluctuation in the prices of raw materials mainly occurs, due to political instability, market speculation, changes in currency values, and natural disasters. This uncertainty makes it difficult for producers to plan and budget for production, thus, potentially affecting profit margins.

Moreover, fluctuating raw-material prices lead to price volatility in the gold bronze powder market. This volatility often deters potential buyers and disrupts long-term contracts with customers. Additionally, rapid price fluctuations disrupt the supply chain, leading to imbalance in the availability of raw materials. This negatively affects the ability of manufacturers to meet customer demand and fulfill contracts.

Market Opportunity- Increasing Demand in Emerging Economies

Growing demand for gold bronze powder in emerging economies present several opportunities in the market. Emerging economies often register population growth and rising disposable incomes.

According to the International Monetary Fund (IMF), emerging economies experience approximately 4% GDP growth annually. World Economics has combined 24 countries, such as Brazil, India, and others, to represent the emerging economies. They accounted for ~50% of global GDP & 66% of global GDP growth in the past 10 years (2012-22).

This led to increased consumer spending on luxury items, including cosmetics, jewelry, and fashion products that significantly use gold bronze powder. Many emerging economies are undergoing rapid urbanization and infrastructure development, which, in turn, drive the demand for architectural coatings & decorative materials containing gold bronze powder.

Scope of Gold Bronze Powder Market Report          

The report on the Global Gold Bronze Powder Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Gold Bronze Powder Market Segmental Outlook

Based on Shade, the market is segmented into rich gold, pale gold, copper, rich pale gold, rose gold, and others. The rich gold segment is expected to hold a considerable share of the market during the forecast. The demand for rich gold bronze powder is often driven by the desire for luxurious and aesthetically appealing products in industries, such as cosmetics, automotive, and interior design.

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On the basis of Application, the market is fragmented into ink, coating, plastic, cosmetics, and others. The coating segment holds a key share of the market. Gold bronze powders are widely used in coatings to achieve luxurious and decorative finishes. Demand for aesthetically pleasing coatings in various industries, including automotive, architecture, and consumer goods, is driving the market.

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On the basis of distribution channel, the market is fragmented into manufacturers and distributors. The manufacturers segment holds a key share of the market during the forecasted period. Manufacturers are responsible for maintaining quality standards in the production of gold bronze powder.

High-quality products meet the requirements of various industries and applications. Manufacturers often have established distribution networks and partnerships with distributors and wholesalers, making it easy for them to reach a broad customer base.

Regional Outlook

Based on regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a significant share of the market in 2022.

Growth of the market in the US is attributed to the high use of additive manufacturing (AM) and metal injection molding (MIM), as gold bronze powder is used in metal 3D printing, for example, in producing high-end, customized jewelry. Growing penetration of AM is anticipated to drive the demand for gold bronze powder.

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Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the Global Gold Bronze Powder Market

• Historical, Current, and Projected Market Size in Terms of Value

• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered

• Industry Drivers, Restraints, and Opportunities Covered in the Study

• Recent Industry Trends and Developments

• Competitive Landscape & Strategies of Key Players