Solder Materials Market by Type, Product, Process, End-use Industry and Region - Global Forecast to 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Solder Materials Market by Type (With Lead, Lead-Free), Product (Bar, Wire, Paste, Flux), Process (Wave/Reflow, Screen Printing, Robotic, Laser), End-Use Industry (Consumer Electronics, Automotive, Industrial) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global solder materials market is projected to grow from USD 4.1 billion in 2022 to USD 4.9 billion by 2027, at a CAGR of 3.8% from 2022 to 2027. The growth of the solder materials market is attributed to their high demand in consumer electronics, automotive and others industries.

Solder bar segment to be the largest product of solder materials

Solder bar melted into solder pots can be a faster, more automated method of soldering than hand-soldering with solder wire. Solder pots that have a pump creating a wave are called wave solder machines, solder fountains, or selective solder machines. Solder bar is used in various applications, including high-tech electronics and printed circuit boards.

Automotive to be the second-largest segment during the forecast period

Soldering materials are used for armatures, radiators, wire harnesses, car electrical systems and other parts required in the automotive industry. Strong alloys are commonly used in this industry. Soldering materials are not only used in new vehicle assembly but are also used in the repair and rework of damaged electronic components in vehicles.

Europe to be the second-largest market for solder materials

Emerging Europe is the second-largest market for solder materials, accounting for a share of 16.8%, in terms of value, in 2021. Henkel (Germany) is the leader of solder materials in the European region, as well as globally. The European automotive sector is proposing a plan comprising 25 actions to support a strong recovery of the sector and the economy of the region.

As part of the action plan, the sector calls for coordinated vehicle-renewal schemes for all vehicle types and categories across the EU. This action is intended to boost private and business demand, support economic recovery across the board as well as accelerate the rejuvenation of the vehicle fleet on Europe's roads.

Market Dynamics

Drivers

• Increasing Demand from Electronics Industry
• Growing Usage in Automotive Industry
• Growing Demand for Lead-Free Solder Materials

Restraints

• High Cost of Lead-Free Solders

Opportunities

• Emergence of Nanoparticle-Based Solder Materials

Challenges

• Health Risks Associated with Soldering

Companies Mentioned

• Accurus Scientific
• Agni Solders
• AIM
• Balaji Insulation Co.
• Belmont Metals
• Digikey
• Duksan Himetal Co. Ltd.
• Element Solutions Inc.
• Fakri Metals
• Fusion Inc.
• Genma Europe
• Henkel
• Indium Corporation
• Inventec Performance Chemical
• Koki Company Limited
• Lucas Milhaupt Inc.
• Qualitek International Inc.
• R.S. Hughes
• Saru Silver Alloy Private Limited
• Senju Metal Industries Co. Ltd.
• Stannol GmbH & Co. Kg
• Superior Flux & Mfg. Co.
• Tamura Corporation
• Warton Metals Limited
• Waytek

For more information about this report visit https://www.researchandmarkets.com/r/kz025h