Magadh Chronicle

Solder Materials Market to Reach USD 2,255.30 Mn by 2030

 Breaking News
  • No posts were found

Solder Materials Market to Reach USD 2,255.30 Mn by 2030

November 26
17:38 2021
Solder Materials Market to Grow at a CAGR of 4.2% to reach US$ 2,255.30 Mn from 2020 to 2030

According to our latest market study on “Global Solder Materials Market Forecast to 2030 – COVID-19 Impact and Analysis-by Product, Process and Geography,” 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.

Strategic Insights

Report Coverage

Details

Market Size Value in

US$ 1,477.17 million in 2019

Market Size Value by

US$2,255.30 million by 2030

Growth rate

CAGR of 4.0% from 2020 to 2030

Forecast Period

2020-2030

Base Year

2020

No. of Pages

147

No. Tables

80

No. of Charts & Figures

60

Historical data available

Yes

Segments covered

Product, and Process

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

Get Exclusive Sample Pages of Solder Materials Market at https://www.theinsightpartners.com/sample/TIPRE00012315/

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.

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

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 nanoparticle-based solder materials.

Impact of COVID-19 on Solder Materials Market:

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.

Download the Latest COVID-19 Analysis on Solder Materials Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00012315/

Solder Materials Market: Product

Based on product, the solder materials market is segmented into wire, paste, bar, flux, and others. The wire segment accounted for the largest share of the global market in 2019; whereas, the market for paste is expected to grow at the highest CAGR during the forecast period. Solder wire comprises different types of alloys, or pure tin. As the combinations of metals that comprise solder wire melts at different temperatures, each metal requires a certain type of solder wire to create strong bonds. The most common metals utilized in solder wire are Lead (Pb) and Tin (Sn). Soft solder basically melts in the range of 190−900°F. Lead-free solders are increasingly used to regulatory requirements along with the health & environmental benefits toward avoiding lead-based electronic components. They are mostly used in consumer electronics.

Solder Materials Market: Competitive Landscape and Key Developments

The global solder materials market is concentrated with several well-established players. Fusion Incorporated; Indium Corporation; Kester; KOKI Company Ltd; Lucas-Milhaupt, Inc.; Qualitek International, Inc.; Senju Metal Industry Co., Ltd; Stannol GmbH & Co. KG; Tamura Corporation; and Nihon Genma are among the key players operating in the global solder materials market.

Order a Copy of Solder Materials Market Shares, Strategies and Forecasts 2020-2030 Research Report at https://www.theinsightpartners.com/buy/TIPRE00012315/

Browse Related Reports and get Sample copy

Webbing Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Material (Natural and Man-Made), Product (Flat Webbing, Tubular Webbing and Others), and End Use (Aerospace, Automotive, Military, Industrial and Safety, Fashion Accessories, E-Textile, Sport Goods, Marine, Medical and Others)

Self-Adhesive Vinyl Films Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Translucent, Transparent, and Opaque) and Application (Automotive, Industrial, Architectural, and Others) and Geography

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

More Research: https://energysiren.co.ke/author/theinsightpartners/

Media Contact
Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: http://www.theinsightpartners.com/pr/solder-materials-market

Categories