Solder Materials Market

Solder Materials: Introduction

• The solder materials market is likely to be driven by the development of the electronic refurbishing sector. Rise in production of electronic gadgets in various regions and growth of the electronic aftermarket sector are anticipated to boost the market in the near future. Increase in R&D activities in the manufacture of advanced solder materials, for example Sn-Bi-Ag compound, by key organizations has led to a decrease in thermal excursion amid electronic assembly.

Key Drivers and Restraints of Global Solder Materials Market

• The solder materials market has been developing significantly of late. Rise in usage of solder materials in cars, ships, machinery, and equipment is expected to propel the solder materials market during the forecast period. Increase in awareness about the impact of lead solder on the planet is anticipated to drive the demand for low lead material, i.e. low toxic solder. Development of such low-lead materials is anticipated to drive the solder materials market.
• Progression in soldering strategies through the process of automation is also estimated to boost the solder materials market in the near future. Automation in the soldering procedure has diminished human intercession, which results in increased proficiency. Thus, the market is likely to expand significantly in the next few years.

Solder Materials: Product Segment

• In terms of product, the global solder materials market can be segmented into wire, paste, bar, and flux
• The wire segment is expected to account for significant share of the global solder materials market during the forecast period. It is anticipated to be followed by the paste segment.
• The flux segment is likely to expand at a rapid pace during the forecast period, due to the expansion of the global semiconductor industry

Solder Materials: Process Segment

• In terms of process, the global solder materials market can be segmented into screen printing, robotic, laser, and reflow
• The screen printing segment is estimated to expand at a rapid pace during the forecast period. It is projected to be followed by the laser segment.
• The robotic segment is likely to expand at a healthy CAGR during the forecast period, owing to the increase in automation in the electronics industry

Solder Materials: End-use Segment

• In terms of end-use segment, the global solder materials market can be classified into semiconductors, electronics, and building & construction
• The semiconductors segment is estimated to expand at a rapid pace during the forecast period. It is projected to be followed by the electronics segment.
• The building & construction segment is likely to expand at a healthy CAGR during the forecast period, owing to the rise in applications of solder materials

Covid-19 Impact on Solder Materials Market

• On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
• Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
• Manufacture of various consumer goods and other products across the globe has come to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the solder materials market.

Asia Pacific to Dominate Solder Materials Market

• In terms of region, the global solder materials market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Asia Pacific dominated the global solder materials market in 2020. This trend is anticipated to continue during the forecast period owing to the growth of electronic and semiconductors industries in the region. The solder materials market in North America is anticipated to expand at a rapid pace owing to the increase in production of high-end semiconductor gadgets in the region.

Key Manufacturers Operating in Global Solder Materials Market

The global solder materials market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global solder materials market include:

• Kester
• Lucas Milhaupt, Inc.
• Qualitek International, Inc.
• Fusion, Inc.
• Senju Metal Industry Co., Ltd.
• Koki Company ltd.
• Indium Corporation
• Tamura Corporation
• Nihon Genma
• Stannol GmbH & Co. K.G.

Global Solder Materials Market: Research Scope

Global Solder Materials Market, by Product

• Wire
• Paste
• Bar
• Flux

Global Solder Materials Market, by Process

• Screen Printing
• Robotic
• Laser
• Reflow

Global Solder Materials Market, by End-use

• Semiconductors
• Electronics
• Building & Construction

Global Solder Materials Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa