Solder Materials Market size to grow by USD 840.63 million from 2022 to 2027, APAC to account for 33% of the global market growth

NEW YORK, May 4, 2023 /PRNewswire/ -- The solder materials market size is expected to grow by USD 840.63 million from 2022 to 2027. The market is estimated to progress at a CAGR of 3.77% as per the latest Technavio market research report. APAC is estimated to account for 33% of the market's overall growth. In 2022, the growth in end-user industries in the region results in the increased demand for solder materials. The end-user industries include automotive, consumer electronics, building, and power. Moreover, due to the growing urban population in APAC, several governments and public-private partnership (PPP) projects targeted toward the development of public infrastructure and utility infrastructure have been initiated in the region. For example, in May 2022, the Asian Development Bank (ADB) approved a policy-based loan worth USD 400 million to help the government of the Philippines in the development of infrastructure projects during the forecast period. For more key insights on the market share of various regions- Download sample report in MINUTES

Solder Materials Market: Increasing electronic components in vehicles to drive growth

The increasing number of electronic components in vehicles is a significant driver for the market growth.

The demand for automotive PCBs (printed circuit boards) is expected to rise owing to the rising use of electronic components in vehicles.

This includes the introduction of advanced driver-assistance systems (ADAS) and infotainment systems in mass mid-segment vehicles.

The growing deployment of automation systems in vehicles lead to the higher integration of advanced electronic components, such as actuators, microcontrollers, and sensors, to enable in-vehicle communication.

Hence, such factors drive the market growth during the forecast period.

Solder Materials Market: Increasing Adoption Of Automated Solutions For Soldering

The increasing adoption of automated solutions for soldering is an emerging market trend fueling the growth of solder materials.

With awareness regarding increasing automation among vendors and vendors seeking to gain a competitive advantage through automation, the use of automation in the soldering process is notably increasing.

While small-scale automation for soldering was used by vendors, the advances in robotics technology led to the use of robots in soldering processes.

The adoption of robots in soldering enhances the efficiency of soldering processes. It also improves the quality of soldering, increases productivity, and minimizes scrap.

Hence, such trends fuel the market growth for solder materials during the forecast period.

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Global competitiveness and key competitor positions

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Some of the key Solder Materials Market Players:

The solder materials market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Belmont Metals Inc., Deoksan Hi Metal, Element Solutions Inc., Fusion Inc., GENMA Europe GmbH, Handy and Harman Manufacturing Singapore Pte. Ltd., Harima Chemicals Group Inc., Indium Corp., INVENTEC PERFORMANCE CHEMICALS SAS, KOKI Co. Ltd., Qualitek International Inc., Senju Metal Industry Co. Ltd., STANNOL GMBH and Co. KG, Tamura Corp., Warton Metals Ltd., Digi Key Corp., Fakhri Metals, Saru Silver Alloy Pvt. Ltd., Superior Flux and Mfg. Co., and Waytek Inc.

Solder Materials Market: Segmentation Analysis

This market research report segments the solder materials market by Product (Wire, Bar, Paste, Flux, and Others), End-user (Consumer electronics, Automotive, Industrial, Building, and Others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America).

The APAC region led the solder materials market in 2023, followed by North America, Europe, Middle East and Africa, and South America respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to various factors.

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What are the key data covered in this report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the solder materials between 2023 and 2027

Precise estimation of the size of the solder materials and its contribution to the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the solder materials market

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of solder materials vendors

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Solder Materials Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.77%

Market growth 2023-2027

USD 840.63 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.15

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 33%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's Materials Market Reports

Table of Contents:

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global solder materials market 2017 - 2021

4.2 Product Segment Analysis 2017 - 2021

4.3 End User Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Product

6.1 Market segments

6.2 Comparison by Product

6.3 Wire - Market size and forecast 2022-2027

6.4 Bar - Market size and forecast 2022-2027

6.5 Paste - Market size and forecast 2022-2027

6.6 Flux - Market size and forecast 2022-2027

6.7 Others - Market size and forecast 2022-2027

6.8 Market opportunity by Product

7 Market Segmentation by End-user

7.1 Market segments

7.2 Comparison by End-user

7.3 Consumer electronics - Market size and forecast 2022-2027

7.4 Automotive - Market size and forecast 2022-2027

7.5 Industrial - Market size and forecast 2022-2027

7.6 Building - Market size and forecast 2022-2027

7.7 Others - Market size and forecast 2022-2027

7.8 Market opportunity by End-user

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 North America - Market size and forecast 2022-2027

9.5 Europe - Market size and forecast 2022-2027

9.6 Middle East and Africa - Market size and forecast 2022-2027

9.7 South America - Market size and forecast 2022-2027

9.8 US - Market size and forecast 2022-2027

9.9 China - Market size and forecast 2022-2027

9.10 Japan - Market size and forecast 2022-2027

9.11 Germany - Market size and forecast 2022-2027

9.12 UK - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 Belmont Metals Inc.

12.4 Deoksan Hi Metal

12.5 Element Solutions Inc.

12.6 Fusion Inc.

12.7 GENMA Europe GmbH

12.8 Handy and Harman Manufacturing Singapore Pte. Ltd.

12.9 Harima Chemicals Group Inc.

12.10 Indium Corp.

12.11 INVENTEC PERFORMANCE CHEMICALS SAS

12.12 KOKI Co. Ltd.

12.13 Qualitek International Inc.

12.14 Senju Metal Industry Co. Ltd.

12.15 STANNOL GMBH and Co. KG

12.16 Tamura Corp.

12.17 Warton Metals Ltd.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

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