The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increased demand from the electronic industry is expected to drive innovation in the manufacturing of solder materials, driving the market during the forecast period.

The global solder materials market is expected to grow from $1.93 billion in 2022 to $2.01 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The solder materials market is expected to grow to $2.35 billion in 2027 at a CAGR of 4.0%.

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Global Solder Materials Market Segments Include:

• By Product: Wire, Paste, Bar, Flux, Others
• By Process: Wave/Reflow, Robotic, Screen Printing, Laser
• By End-Use Industry: Consumer Electronics, Automotive, Industrial, Building, Others
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global solder materials market in 2021.

Major Market Players in the solder materials market include Lucas-Milhaupt Inc., Henkel AG & Co. KGaA, Senju Metal Industries Co. Ltd., Koki Company Limited, Indium Corporation, Kester(ITW), NIHON GENMA MFG.CO.LTD.

In the solder materials market, technological advancements are a major trend. To gain a competitive advantage in the solder materials market, companies developing various technological advancements for soldering metal alloys. To address the incompatibility with high temperatures, SAFI-Tech Inc., a US-based manufacturer of lead-free soldering alloys, developed a new super-cooled soldering technique based on SAC305 in June 2022. The micro-encapsulation process creates a new form factor for SAC305’s supercooled liquid phase inside a nanofilm shell. It extends the liquid phase’s usefulness to temperatures well below the alloy’s typical solidification point, allowing it to be used across the entire extended liquid range at temperatures appropriate for each product design. This method protects components and materials from thermal damage while mitigating quality issues caused by a coefficient of thermal expansion mismatch.

The Solder Materials Global Market Report 2023  provides a solder materials market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The solder materials market forecast analyzes solder materials market size, solder materials market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Solder materials are metal alloys that are used in the soldering process. Soldering is a metal-joining procedure in which solder is melted at extremely high temperatures to form a strong bond.

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