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Global Solder Materials Market Forecast to 2030 - COVID-19 Impact and Analysis

Research and Markets
·9-min read

Dublin, Oct. 01, 2020 (GLOBE NEWSWIRE) -- The "Solder Materials Market Forecast to 2030 - COVID-19 Impact and Global Analysis by Product, Process" report has been added to ResearchAndMarkets.com's offering.

Increasing demand for solder materials from electronic industry to escalate the global market growth at a CAGR of 4.0%.

According to this report the global market accounted for US$ 1,477.2 million in 2019 and is expected to grow at CAGR of 4.0% during 2020 - 2030, to account for US$ 2,255.3 million by 2030. The report highlights key factors driving the market growth and the prominent players along with their developments in the market.

Soldering is known as a process in which two or more than two items are joined together by melting and then putting a filler metal called solder into the joint. The filler metal used in this process has a lower melting point compared to the adjoining metal. In the past decades, nearly all solders contained lead; however, environmental and health concerns among consumers have increasingly dictated the use of lead-free alloys for electronics and plumbing purposes. Solder is basically used in plumbing, electronics, construction, and metalwork in flashing to jewelry, medical, and musical instruments.

Soldering mainly provides reasonably permanent but reversible connections between copper pipes in plumbing systems along with joints in sheet metal objects such as food cans, rain gutters, roof flashing, and automobile radiators. Electronic solder connects electrical wires to devices and electronic components to printed circuit boards. Inside the solder core, there is a material called flux, which helps improve the electrical contact along with mechanical strength. The commonly used solder type for electronics solder is lead-free rosin core solder. This type of solder is mainly made up of a Tin/Copper alloy.

Rising demand for various smart electronics and the advent of energy-efficient electronics are the major factors expected to drive the growth of solder materials market. Additionally, the rising production of electronic devices or gadgets in developing countries coupled with the presence of a notable electronics aftermarket industry is expected to boost the demand for solder materials during the forecast period. Conventional micrometer solder materials in the paste exhibit several shortcomings, such as high melting temperatures, which may result in undesired stress during the reflow processing, restricted applications, and defects in the joint. This has further led to the introduction of innovative sub-micron and nonparticipating solder materials.

Hence, these advancements in the electronic refurbishing sector are likely to propel the growth of the global solder materials market. There are different types of solder materials used in the electronic industry, such as lead-free solder, solder wire, solder ball, and solder bar. For electrical & electronics work, solder wire is available with a range of thicknesses for hand-solder and with cores containing flux. Plumbers mostly use bars of solder, much thicker than the wire used for electrical applications and then apply flux separately. Moreover, the solder fluxes used for plumbing are too corrosive (or conductive) to be used in electrical or electronic work. For the electronic industry, the soldering can be achieved through different processes such as screen-printing, laser printing, and wave and reflow.

As Asia Pacific has ranked highest among electronics producing regions across the world, the solder materials market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. In 2019, China dominated the regional market, followed by other countries such as Japan, India, Vietnam, Korea, Thailand, Malaysia, and Indonesia. These countries are witnessing growing demand for soldering materials from the electronic and automobiles industries. Apart from its applications in the electronic industry, the solder materials are gaining much importance in the applications of electronic vehicles. The price for petrol, diesel, and CNG has increased subsequently that has created a shift among consumers toward electronic appliances. This shift has fueled the growth of the market in the region.

The COVID-19 outbreak, which began in Wuhan (China) in December 2019, has spread across the globe at a fast pace. As of June 2020, the US, Russia, India, China, Italy, Spain, France, and Germany are among the worst-affected countries in terms of positive cases and reported deaths. According to the WHO figures updated in June 2020, Approximately 7,482,952 confirmed cases and 419,497 deaths have been reported globally. The outbreak has affected economies and industries due to lockdowns, travel bans, and business shutdowns. Chemicals and materials is one the world's major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this pandemic.

China is the global manufacturing hub and is the largest raw material supplier for various industries; it is also one of the worst-affected countries by the COVID-19 pandemic. The lockdown of various plants and factories in China is affecting the global supply chains and adversely impacting the manufacturing and sales of various chemical and materials industries. The overall market break down due to COVID-19 is also affecting the solder materials market growth due to shutting down of factories, obstacle in supply chain, and downturn in world economy.

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Solder Materials Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion

5. Solder Materials Market - Key Industry Dynamics
5.1 Key Drivers
5.1.1 Increasing Demand from Electronic Industry
5.1.2 Availability of Various Products
5.2 Key Restraints
5.2.1 Regulations by Various Authorities upon the Solder Materials
5.3 Key Opportunities
5.3.1 Continuous R&D Initiatives
5.4 Future Trends
5.4.1 Increasing Use of Automatic Solder Over Manual Solder
5.5 Impact Analysis of Drivers and Restraints

6. Solder Materials Market - Global Market Analysis
6.1 Solder Materials Market Overview
6.2 Solder Materials Market -Revenue, and Forecast to 2030 (US$ Mn)
6.3 Market Positioning - Key Market Players

7. Global Solder Materials Market Analysis - By Product
7.1 Overview
7.2 Solder Materials Market Breakdown, By Product, 2019 & 2030
7.3 Wire
7.3.1 Overview
7.3.2 Wire in Solder Materials Market, Revenue Forecast to 2030 (US$ Mn)
7.4 Paste
7.4.1 Overview
7.4.2 Paste in Solder Materials Market, Revenue and Forecast to 2030 (US$ Mn)
7.5 Bar
7.5.1 Overview
7.5.2 Bar in Solder Materials Market, Revenue and Forecast to 2030 (US$ Mn)
7.6 Flux
7.6.1 Overview
7.6.2 Flux in Solder Materials Market, Revenue and Forecast to 2030 (US$ Mn)
7.7 Others
7.7.1 Overview
7.7.2 Others in Solder Materials Market, Revenue and Forecast to 2030 (US$ Mn)

8. Global Solder Materials Market Analysis - By Process
8.1 Overview
8.2 Global Solder Materials Market Breakdown, By Process, 2019 & 2030
8.3 Screen-Printing
8.3.1 Overview
8.3.2 Global Solder Materials Market Revenue Via Screen-Printing Revenue and Forecast, to 2030 (US$ Mn)
8.4 Robotic
8.4.1 Overview
8.4.2 Global Solder Materials Market Revenue Via Robotic Revenue and Forecast, to 2030 (US$ Mn)
8.5 Laser
8.5.1 Overview
8.5.2 Global Solder Materials Market Revenue Via Laser Revenue and Forecast, to 2030 (US$ Mn)
8.6 Wave/Reflow
8.6.1 Overview
8.6.2 Global Solder Materials Market Via Wave/Reflow Revenue and Forecasts to 2030 (US$ Mn)

9. Solder Materials Market - Geographic Analysis
9.1 Overview
9.2 North America: Solder Materials Market
9.3 Europe: Solder Materials Market
9.4 APAC: Solder materials market
9.5 MEA: Solder Materials Market
9.6 SAM: Solder materials Market

10. Impact of COVID-19 Pandemic on Global Solder Materials Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.6 South America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape
11.1 Merger and Acquisition
11.2 Product News
11.3 Strategic Recommendations for the New Entrants
11.3.1 Government Regulations
11.3.2 Development of Sustainable Solder Materials
11.3.3 Total Solder System along with Technical Expertise Offered to Customers
11.3.4 Strategic Investment in R & D and New Product Development
11.3.5 Business Development Through Alliances and Collaboration
11.3.6 Diversification of Application Base of Solder Materials
11.3.7 Focus on Quality Product Offerings
11.3.8 Geographical Expansion in New Markets
11.3.9 Price Competitiveness
11.4 Strategic Market Developments

12. Key Company Profiles
12.1 Fusion Incorporated
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 Indium Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Kester
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products And Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 KOKI Company Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Lucas-Milhaupt, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.6 Qualitek International, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.7 Senju Metal Industry Co., Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 Stannol GmbH & Co. KG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 TAMURA Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Nihon Genma
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis

13. Appendix
13.1 About the Publisher
13.2 Glossary

For more information about this report visit https://www.researchandmarkets.com/r/e8qrcv

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