PUBLISHER: Polaris Market Research | PRODUCT CODE: 1298032
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1298032
Solder Materials Market Size, Share & Trends Analysis Report By Product (Wire, Paste, Bar, Flux), By Process (Screen-printing, Robotic, Laser, Wave/Reflow), By Region; And Segment Forecasts, 2023 - 2032
The global solder materials market size is expected to reach USD 5.60 billion by 2032, according to a new study by Polaris Market Research. The report "Solder Materials Market Size, Share & Trends Analysis Report by Product (Wire, Paste, Bar, Flux), By Process (Screen-printing, Robotic, Laser, Wave/Reflow), By Region, And Segment Forecasts, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Rising demand for smart gadgets and the advancement of energy-efficient electronics are expected to be the main market drivers. Traditional micrometre solder pastes suffer from several disadvantages, such as high melting temperatures that might result in unwelcome tension during the reflow processing, a restricted range of applications, and joint defects. Therefore, many solder compounds with nanoparticle- and sub-microscopic-sized particles have been created.
In the United States, the market for solder materials is expected to be primarily driven by the growth of the electronics maintenance industry. The production of electronic devices is expected to rise in the region, and there is a significant electronics aftermarket sector, which should lead to an increase in demand for these materials over the course of the forecast period. Leading companies have invested heavily in R&D to create cutting-edge solder materials like Sn-Bi-Ag alloy, which has reduced thermal excursion during electronic assembly.
Process automation improvements in soldering methods are also expected to support market growth over the course of the forecast period. Productivity has increased as a result of the decreased need for human intervention during the soldering process. Consequently, it is anticipated that the market will grow considerably in the years to come.
The usage of automated soldering solutions is a trend that is starting to emerge in the sector. Due to increased vendor awareness of increasing automation and vendor initiatives to use automation to their advantage, the use of automation in the soldering process has increased significantly. Small-scale automation was once used by vendors for soldering, but as robotics technology has progressed, robots are now employed. Robotic soldering improves soldering processes while increasing output, quality, productivity, and waste reduction.
Expansion of the industry is significantly hampered by raw material price volatility. The manufacturers of solder materials are impacted by changes in the quantity and price of the raw materials used in their production. (primarily steel, brass, copper, silver, and aluminium alloys).
Solder Materials Market Report Highlights
Wire previously became the most popular product group; by 2032, it's anticipated to reach USD 554.6 million. Major market factors include the widespread use of wires in PCB soldering and improved output.
Wave/reflow, which had a has high market share emerged as the largest process category. It is one of the soldering techniques that is most commonly used in the electronics industry because it guards against overheating damage. Because the technique can also be used in mass manufacturing, the market will expand.
North America is the second-largest regional market after Asia Pacific as a result of the rapidly expanding electronics and semiconductor sectors. The biggest market in North America in 2022 was the United States. This was ascribed to the nation's developing renovation industry.
The global players include: Fusion, Inc., Indium Corporation, Kester, Koki Company ltd, Lucas Milhaupt, Inc., Nihon Genma, Qualitek International, Inc., Senju Metal Industry Co., Ltd., Stannol GmbH Co. KG
Polaris Market Research has segmented the Solder Materials Market report based on product type, process and region:
Solder Materials, Component Outlook (Revenue - USD Billion, 2019 - 2032)
- Wire
- Paste
- Bar
- Flux
Solder Materials, Service Outlook (Revenue - USD Billion, 2019 - 2032)
- Screen-printing
- Robotic
- Laser
- Wave/Reflow
Solder Materials, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Solder Materials Market Insights
- 4.1. Solder Materials Market - Industry Snapshot
- 4.2. Solder Materials Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing use of electronic components in automobiles
- 4.2.1.2. Growing demand for lead-free solder materials
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High cost
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Solder Materials Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Solder Materials Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Solder Materials, by Product, 2019-2032 (USD Billion)
- 5.3. Wire
- 5.3.1. Global Solder Materials Market, by Wire, by Region, 2019-2032 (USD Billion)
- 5.4. Paste
- 5.4.1. Global Solder Materials Market, by Paste, by Region, 2019-2032 (USD Billion)
- 5.5. Bar
- 5.5.1. Global Solder Materials Market, by Bar, by Region, 2019-2032 (USD Billion)
- 5.6. Flux
- 5.6.1. Global Solder Materials Market, by Flux, by Region, 2019-2032 (USD Billion)
6. Global Solder Materials Market, by Process
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 6.3. Screen-printing
- 6.3.1. Global Solder Materials Market, by Screen-printing, by Region, 2019-2032 (USD Billion)
- 6.4. Robotic
- 6.4.1. Global Solder Materials Market, by Robotic, by Region, 2019-2032 (USD Billion)
- 6.5. Laser
- 6.5.1. Global Solder Materials Market, by Laser, by Region, 2019-2032 (USD Billion)
- 6.6. Wave/Reflow
- 6.6.1. Global Solder Materials Market, by Wave/Reflow, by Region, 2019-2032 (USD Billion)
7. Global Solder Materials Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Solder Materials Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Solder Materials Market - North America
- 7.3.1. North America: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.3.2. North America: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.3.3. Solder Materials Market - U.S.
- 7.3.3.1. U.S.: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.3.4. Solder Materials Market - Canada
- 7.3.4.1. Canada: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.4. Solder Materials Market - Europe
- 7.4.1. Europe: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.4.2. Europe: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.4.3. Solder Materials Market - UK
- 7.4.3.1. UK: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.4.4. Solder Materials Market - France
- 7.4.4.1. France: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.4.4.2. France: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.4.5. Solder Materials Market - Germany
- 7.4.5.1. Germany: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.4.6. Solder Materials Market - Italy
- 7.4.6.1. Italy: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.4.7. Solder Materials Market - Spain
- 7.4.7.1. Spain: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.4.8. Solder Materials Market - Netherlands
- 7.4.8.1. Netherlands: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.4.9. Solder Materials Market - Russia
- 7.4.9.1. Russia: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.5. Solder Materials Market - Asia Pacific
- 7.5.1. Asia Pacific: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.5.3. Solder Materials Market - China
- 7.5.3.1. China: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.5.3.2. China: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.5.4. Solder Materials Market - India
- 7.5.4.1. India: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.5.4.2. India: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.5.5. Solder Materials Market - Malaysia
- 7.5.5.1. Malaysia: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.5.6. Solder Materials Market - Japan
- 7.5.6.1. Japan: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.5.7. Solder Materials Market - Indonesia
- 7.5.7.1. Indonesia: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.5.8. Solder Materials Market - South Korea
- 7.5.8.1. South Korea: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.6. Solder Materials Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.6.3. Solder Materials Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.6.4. Solder Materials Market - UAE
- 7.6.4.1. UAE: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.6.5. Solder Materials Market - Israel
- 7.6.5.1. Israel: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.6.6. Solder Materials Market - South Africa
- 7.6.6.1. South Africa: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.7. Solder Materials Market - Latin America
- 7.7.1. Latin America: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.7.3. Solder Materials Market - Mexico
- 7.7.3.1. Mexico: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.7.4. Solder Materials Market - Brazil
- 7.7.4.1. Brazil: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- 7.7.5. Solder Materials Market - Argentina
- 7.7.5.1. Argentina: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Solder Materials Market, by Product, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Fusion, Inc.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Indium Corporation
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Kester
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Koki Company ltd
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Lucas Milhaupt, Inc
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Nihon Genma
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Qualitek International, Inc.
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Senju Metal Industry Co., Ltd
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Stannol GmbH Co. KG
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Tamura Corporation
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. The Dow Chemical Company
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
List of Tables
- Table 1 Global Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 2 Global Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 3 Solder Materials Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 5 North America: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 6 U.S.: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 7 U.S.: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 8 Canada: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 9 Canada: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 10 Europe: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 11 Europe: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 12 UK: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 13 UK: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 14 France: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 15 France: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 16 Germany: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 17 Germany: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 18 Italy: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 19 Italy: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 20 Spain: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 21 Spain: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 22 Netherlands: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 23 Netherlands: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 24 Russia: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 25 Russia: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 28 China: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 29 China: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 30 India: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 31 India: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 32 Malaysia: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 33 Malaysia: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 34 Japan: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 35 Japan: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 36 Indonesia: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 37 Indonesia: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 38 South Korea: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 39 South Korea: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 44 UAE: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 45 UAE: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 46 Israel: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 47 Israel: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 48 South Africa: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 49 South Africa: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 50 Latin America: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 51 Latin America: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 52 Mexico: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 53 Mexico: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 54 Brazil: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 55 Brazil: Solder Materials Market, by Product, 2019-2032 (USD Billion)
- Table 56 Argentina: Solder Materials Market, by Process, 2019-2032 (USD Billion)
- Table 57 Argentina: Solder Materials Market, by Product, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Solder Materials Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Process
- Figure 7 Global Solder Materials Market, by Process, 2022 & 2032 (USD Billion)
- Figure 8 Market by Product
- Figure 9 Global Solder Materials Market, by Product, 2022 & 2032 (USD Billion)
- Figure 10 Solder Materials Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Solder Materials Market
