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The market value of solder materials in 2019 was USD 1.477.1 billion, and the compound annual growth rate from 2020 to 2030 is expected to be 4.0%, reaching USD 2.255.3 billion by 2030.
According to our "Global Solder Market Forecast by 2030-COVID-19 Impact and Product Analysis (Wire, Solder Paste, Bar, Flux, Other), Process (Screen Printing, Robot, Laser, Wave/Reflow Soldering)" The latest market research) and geography", the global market size in 2019 was 1.477.2 billion U.S. dollars, and it is expected to grow at a compound annual growth rate of 4.0% from 2020 to 2030, and reach 2.255.3 billion U.S. dollars by 2030. The report emphasizes The key factors driving market growth and prominent participants and their development in the market.
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Soldering is called the process of joining two or more items together by melting, and then putting filler metal called solder into the joint. Compared with neighboring metals, the filler metal used in this process has a lower melting point. In the past few decades, almost all solders contain lead; however, consumer concerns about the environment and health increasingly require the use of lead-free alloys for electronic and plumbing applications. Solder is mainly used in pipes, electronics, construction and metal products, as well as in jewelry, medical treatment and musical instruments. Welding mainly provides a reasonable permanent but reversible connection between the copper pipes in the piping system and the joints in metal plate objects (such as food tanks, rain gutters, roof waterproofing boards and car radiators). Electronic solder connects the wires to the device and the electronic components to the printed circuit board. Inside the solder core, there is a material called flux, which helps to improve electrical contact and mechanical strength. The commonly used type of solder for electronic solders is lead-free rosin core solder. This type of solder is mainly composed of tin/copper alloy.
The growing demand for various smart electronic products and the emergence of energy-saving electronic products are the main factors that are expected to drive the growth of the solder market. In addition, the increase in the production of electronic equipment or gadgets in developing countries, coupled with the existence of a significant electronic aftermarket industry, is expected to drive the demand for solder materials during the forecast period. Traditional micron solder materials in solder paste have several disadvantages, such as high melting temperature, which may cause undesirable stresses during the reflow process, application limitations, and joint defects. This has further led to the introduction of innovative sub-micron and nano-particle based solder materials. Therefore, these advances in the field of electronic refurbishment may promote the growth of the global solder material market. There are many types of solder materials used in the electronics industry, such as lead-free solder, solder wire, solder balls and electrodes. For electrical and electronic work, solder wire can provide manual soldering of various thicknesses and cores containing flux. Plumbers mostly use solder bars that are much thicker than wires used for electrical applications, and then use flux alone. In addition, the flux used for pipelines is too corrosive (or conductive) to be used for electrical or electronic work. For the electronics industry, soldering can be achieved through different processes such as screen printing, laser printing, wave soldering, and reflow soldering.
As the Asia-Pacific region ranks highest among the global electronic product production regions, the solder market in the Asia-Pacific region is expected to grow at the highest compound annual growth rate during the forecast period. In 2019, China dominated the regional market, followed by other countries such as Japan, India, Vietnam, South Korea, Thailand, Malaysia, and Indonesia. These countries have witnessed the increasing demand for welding materials in the electronics and automotive industries. In addition to the application in the electronics industry, solder materials are becoming more and more important in the application of electronic vehicles. The prices of gasoline, diesel, and compressed natural gas subsequently rose, causing consumers to switch to electronic devices. This shift has promoted the growth of the market in the region.
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It has key discoveries in the global solder materials market and important advancement industry trends, thereby enabling participants to formulate effective long-term strategies.
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Covid-19's impact on the market:
The COVID-19 outbreak broke out in Wuhan (China) in December 2019 and quickly spread to the world. As of June 2020, in terms of positive cases and reported deaths, the United States, Russia, India, China, Italy, Spain, France, and Germany are the most affected countries. According to data updated by the World Health Organization in June 2020, approximately 7,482,952 confirmed cases and 419,497 deaths have been reported globally. Due to blockades, travel bans and business closures, the epidemic has affected the economy and industry. Chemicals and materials are one of the major industries in the world. Due to this pandemic, the supply chain has been disrupted, technical activities have been cancelled, and office closures have been severely disrupted. China is a global manufacturing center and the largest supplier of raw materials to various industries; it is also one of the countries most affected by the COVID-19 pandemic. The blockade of factories and factories in China is affecting the global supply chain and adversely affecting the manufacturing and sales of various chemical and material industries. Due to factory closures, supply chain obstacles and the global economic downturn, the overall market collapse caused by COVID-19 has also affected the growth of the welding materials market.
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The global solder materials market is concentrated in a few mature players. Fusion Company; Indium Corporation; Kester; KOKI Co., Ltd.; Lucas-Milhaupt Company; Qualitek International Company; Senju Metal Industry Co., Ltd.; Stannol GmbH & Co. KG; Tamura Company; and Nihon Genma are in One of the major players in global solder market operations.
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