The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

• Electronic Industry Growth:
  • Significant rise in demand projected, particularly in India.
  • Electronics industry expected to reach $120 billion by 2026.
• Solder’s Role:
  • Essential for creating mechanical and electrical joints in electronic circuits.
• Market Players:
  • Key companies include Lucas-Milhaupt Inc., Henkel AG & Co. KGaA, Senju Metal Industries Co. Ltd., among others.

Development Of Super-Cooled Soldering Technique

• Technological Advancements:
  • Companies innovating to gain competitive advantage.
  • Example: SAFI-Tech Inc.’s super-cooled soldering technique based on SAC305.
• Benefits:
  • Extends solder’s usefulness to temperatures well below typical solidification point.
  • Prevents thermal damage to components and materials.

View More On The Solder Materials Market Report 2024 – https://www.thebusinessresearchcompany.com/report/solder-materials-global-market-report

Lincoln Electric Holdings Inc Acquired Kestra

• Acquisition Details:
  • Lincoln Electric Holdings Inc. acquired Kestra Universal Soldas for undisclosed amount in March 2022.
  • Expansion of specialty alloys offering and services in South America.
• Strategic Implications:
  • Aligns with Lincoln Electric’s 2025 higher standard plan.
  • Kestra specializes in welding consumables and wear plates.

Market Segmentation and Regional Analysis

• Segmentation:
  • Product: Wire, Paste, Bar, Flux, Others.
  • Process: Wave/Reflow, Robotic, Screen Printing, Laser.
  • End-Use Industry: Consumer Electronics, Automotive, Industrial, Building, Others.
• Regional Analysis:
  • Asia-Pacific leads the market share in 2023.

Conclusion

The solder materials market is witnessing steady growth, driven by increased demand from the electronics industry and technological advancements. Solder plays a crucial role in creating connections within electronic circuits, making it indispensable for the industry’s growth. Companies are investing in innovative techniques like super-cooled soldering to improve performance and mitigate thermal damage. Strategic acquisitions, such as Lincoln Electric Holdings Inc.’s acquisition of Kestra, are further shaping the market landscape, particularly in regions like South America. With segmentation providing insights into product types, processes, and end-use industries, it’s evident that the solder materials market is poised for continued expansion. As the industry embraces advancements and addresses emerging trends, collaboration and innovation will remain key drivers of growth, ensuring a sustainable and resilient market in the years to come.

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The Solder Materials Global Market Report 2024 provides comprehensive insights on the solder materials market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the solder materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Welding Products Global Market Report 2024

Welding Consumables Global Market Report 2024

Welding Gas/Shielding Gas Global Market Report 2024

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