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Solder paste, also known as solder cream is used to connect leads on surface mounted integrated circuit chips to the attachment points on the printed circuit boards, which are commonly used in all electronic devices. It is generally applied as a paste through stencil or dispensing tubes on the leads on printed circuit boards, followed by heating the paste in order for it to melt and fuse the connection. Soldering paste is an extremely important ingredient in the electronic circuit manufacturing industry. By physical appearance, it is a gray and putty like material. Solder pastes are of different compositions depending upon their end use requirements. Some of the common solder pastes are tin – lead alloy, tin – silver – copper alloy, tin – silver – copper alloy and tin – antimony alloy.

The driving force behind the solder alloy market is the burgeoning demand from electronic manufacturing services. The market has especially witnessed a bullish run since the last two decades, is expected to grow further with the penetration of information technology, and enabled services in human life across the world. Solder paste is essential for all printed circuit boards and semiconductors. Printed circuit boards find application in almost all electronic devices including computers, laptops, smart phones, tablets, televisions, medical testing equipments, fiber optic receptors, nuclear detection systems, data storage devices and weather analysis equipment among many others. Printed circuit boards are also used in automotives, marine vehicles and aerospace industry for electronic functions. Traditional single layer printed circuit boards are gradually evolving into multilayer printed circuit board with extensive functionality. The technological advancements in the PCB market is expected to transform into higher demand for solder paste.

The market for solder paste is largely unhindered by substitute products. However, the demand for lead free solder paste has been increasing due to environmental concerns of lead. According to estimates more than 30 million tons of electronic waste are accumulated each year and the lead content in electronic wastes create havoc on environmental balance. The demand for lead containing alloys is expected to decline over the period for the solder paste market. However, there are no significant restraints to the solder paste market as a whole. 

The global outlook for electronic equipments and applications holds promise as consumer electronics has exhibited tremendous growth over the past decade and expected to continue to rise in the foreseeable future. This presents tremendous opportunity for solder paste market especially in the developing regions of Asia Pacific, Latin America and Africa.

China accounts for the largest demand for solder paste in the world. China is the largest producer of electronic devices and ancillary parts in the world. The export oriented electronics manufacturing services in China is the main reason behind the surging demand in the region. China is also the largest manufacturer of solder paste in the world. Asia Pacific accounts for over 50% of the global demand, lead by China, Japan, Korea and India. Demand for solder paste from North America and Europe follow that from Asia Pacific.

Some of the companies operating in the solder paste market are SMT International LLC, Kester, AIM Metals and Alloys, LLC, Chung I Silver Solder Co., Ltd., Ku Ping Enterprise Co., Ltd., Shenmao Technology Inc. Chemco Industry Corporation, Dyfenco Electronic Chemical Corporation among many others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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