The increasing demand for smart electronics and energy proficient gadgets are driving the need for the market.
Reports and Data’s latest industry analysis report titled ‘Global Solder Material Market’ provides the reader with an exhaustive overview of the Solder Material industry. The report is inclusive of a concise market summary and contains market projections based on the present market situation, current market size, and revenue growth rate. The report elaborates on the key market dynamics including market growth drivers, opportunities, threats, and challenges. In this report, market analysts at Reports and Data have emphasized the ever-changing market growth patterns and the dynamic environment of the industry. Key attractions of the report include List of Tables and Figures, Research Methodology, Competitive Landscape, Regional Analysis, Technological Breakthroughs, and Future Market Developments.
Due to its toxic nature, various governments worldwide have placed a strong emphasis on the replacements of lead soldiers. A low lead-based solder, however, is an environmentally compatible substitute that can be utilized until regulatory agencies impose a full ban. Development in the use of these low-lead materials would improve business expansion. A presentation without lead fastens due to strict regulations against the lead hazard is necessary to escalate the growth over the following years. Increasing the use of new substantial state semiconductor advances in purchasers is also anticipated to help strengthen the market.
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Further key findings from the report suggest
The APAC is projected to escalate with an anticipated CAGR of 5%, the market in the developing nations like China and India, and is growing due to the growing construction sector. Government initiatives for urbanization and industrialization have brought about fast expansion in the country's manufacturing sector, which will positively affect regional growth.
North America is the second-biggest market for soldering materials after the Asia Pacific due to rapidly increasing semiconductors and electronics. The U.S. soared as the largest market for soldering components in North America in 2019. This has been credited with the introduction of the country's refurbishing business.
Wave/reflow established as the most significant process segment, and in 2019 was valued at USD 0.45 billion. It is among the commonly used soldering techniques in the electronics industry as it overheats the impact.
Solder Paste industry is a sector of low concentration. As the computer foundry industry moves to China mainland, many new competitors enter this sector, and a substantial part of the demand accounted for by small businesses.
Key participants include Kester, Lucas Milhaupt, Inc., Qualitek International, Inc., Fusion, Inc., Senju Metal Industry Co., Ltd., Koki Company ltd., Indium Corporation, Tamura Corporation, Nihon Genma, and Stannol GmbH Co. KG, among others.
Regional Outlook
The key regions covered in the report are as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Segmentation:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Wire
- Paste
- Bar
- Flux
Process Outlook (Revenue, USD Billion; 2017-2027)
- Screen Printing
- Robotic
- Laser
- Wave/Reflow
Application Outlook (Revenue, USD Billion; 2017-2027)
- Car
- Machinery Equipment
- Ship
- Building
- Others
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Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key Solder Material market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Solder Material market size
2.2 Latest regional market trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global Solder Material market key players
3.2 Global Solder Material size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Solder Material market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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