Liquid Flux Market Value Share, Analysis 2031
Posted by Divakar on April 28th, 2021
South Asia & Oceania currently account for a majority of the liquid flux being consumed, followed by East Asia. This is due to the fact that a large number of electronics manufacturers have set up their bases in these regions, especially Taiwan and Vietnam. Emergence of newer electronics manufacturing clusters in developing countries such as India is projected to give impetus to market growth over the coming years.
Increasing electrification of vehicles and the inevitable shift towards remote monitoring and automation are driving a majority of end-use industries to integrate electronics into their operations. This is driving the market for liquid flux, which finds application in the SMT assembly of electronics. Additionally, advent of 5G infrastructure and changing consumer preference towards purchasing advanced electronics products are indirectly providing a boost to market growth.
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Owing to the above mentioned factors, the global liquid flux market is anticipated to expand at a CAGR of over 7% through 2031.
Key Takeaways from Market Study
“Dawn of 5G infrastructure and integration of electronics into businesses will drive demand for liquid flux over the coming years,” says a Fact.MR analyst
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Prominent Players Adopting Blend of Organic and Inorganic Growth Strategies
Key players such as Alpha Assembly, Kester, and AIM Solder are emphasizing on targeted expansions, innovative product launches, and acquisitions in the market space to substantially increase their market presence.
For instance, AIM Solder expanded its presence in numerous untapped regions such as Malaysia; the company opened a new manufacturing facility of 12,000 sq. ft. in 2020 to meet demand arising from nearby regions.
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About the AuthorDivakar
Joined: January 23rd, 2017
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