The Solder Materials Global Market Report 2023 by The Business Research Company, provides solder materials market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
According to The Business Research Company’s Solder Materials Global Market Report 2023, the market size is expected to grow from .93 billion in 2022 to .01 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The solder materials market is expected to grow to .35 billion in 2027 at a CAGR of 4.0%.
The increase in demand from the electronic industry is expected to propel the solder materials market. The electronics industry refers to businesses that create, design, manufacture, and sell equipment such as radios, televisions, stereos, computers, semiconductors, transistors, integrated circuits, and more. Solder is used in the electronic industry to produce a mechanical and electrical joint required to maintain components in the circuit.
The solder materials market is segmented: 1) By Product: Wire, Paste, Bar, Flux, Others 2) By Process: Wave/Reflow, Robotic, Screen Printing, Laser 3) By End-Use Industry: Consumer Electronics, Automotive, Industrial, Building, Others
Technology advancements are a key trend in the solder materials market. Companies operating in the solder materials market are developing various technological advancements for soldering metal alloys to gain a competitive edge in the market. For instance, in June 2022, SAFI-Tech Inc., a US-based manufacturer of lead-free soldering alloys, developed a new super-cooled soldering technique based on SAC305 to address the incompatibility with high temperatures. The micro-encapsulation process develops a new form factor that stabilizes the supercooled liquid phase of SAC305 inside a nanofilm shell. It extends the usefulness of this liquid phase to temperatures well below the alloy's typical solidification point, enabling it to be applied throughout the entire extended liquid range at temperatures suitable for each product design. This method prevents thermal damage to components and materials while mitigating quality difficulties caused by a coefficient of thermal expansion mismatch.
Top 5 Major Key Players Are: Lucas-Milhaupt Inc Henkel AG & Co. KGaA Senju Metal Industries Co. Ltd Koki Company Limited Indium Corporation
Table Of Contents 1. Executive Summary 2. Solder Materials Market Characteristics 3. Solder Materials Market Trends And Strategies 4. Solder Materials Market - Macro Economic Scenario 5. Solder Materials Market Size And Growth ...... 26. Africa Solder Materials Market 27. Solder Materials Market Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions In The Solder Materials Market 29. Solder Materials Market Future Outlook and Potential Analysis 30. Appendix
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