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. Solder materials are metal alloys used to join metals together, such as printed circuit board components at their corresponding holes or pads. It is used as a metal filler between the metals to be joined and is heated until it melts. Growing demand for reliable and improvement in quality in electronics products in consumer electronics and automotive industry is set to drive the demand for solder materials during the forecast period.
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Solder Materials Manufacturers:
The key players in the solder materials market are Element Solutions, Inc. (US), Lucas Milhaupt Inc. (US), Qualitek International Inc. (US), Fusion Inc. (US), Henkel AG & Co. KGaA (Germany), Senju Metal Industries Co. Ltd. (Japan), Koki Company Limited (Japan), Indium Corporation (US), and others. The solder materials market report analyzes the key growth strategies adopted by the leading market players, between 2019 and 2022, which include expansions, mergers & acquisition, new product developments/launch, and partnership.
Element Solutions, Inc. engages in the formulation of chemical solutions that enhance the performance of products people use every day. It operates through the two reporting segments: Electronics and Industrial & Specialty. The Electronics segment focuses on the research and formulation of specialty chemicals and materials for all types of electronics hardware, ranging from complex printed circuit board designs to new interconnection materials. The Industrial & Specialty segment comprises industrial solutions, graphic solutions, and energy solutions. The company offers solder materials through its subsidiary Kester.
Lucas Milhaupt Inc. (Lucas Milhaupt) (US) is a metal company that manufactures metal products and services. The company offers products such as silver filler metals, palladium, gold filler metals, copper filler metals, aluminum-based filler metals, and nickel filler metals. It also provides fluxes, brazing and solder pastes, brazing and repair kits, and flux coated shims. Lucas-Milhaupt offers services such as custom shaping, training, custom formulations, consulting, precious metal reclamation, and scrap processing. The company’s products are used in various industries, including electrical and & electronic appliance, transportation, construction, arts and & jewelry, and medical.
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The solder materials market in Asia Pacific holds the position of the largest market globally, propelled by factors such as robust economic growth, burgeoning manufacturing industries, cost-effective labor, and the relocation of production capacity from developed to emerging markets within the region. The surge in demand for high-quality products, fueled by a growing population and expanding end-use industries, particularly the consumer electronics sector, is a significant driver of this market growth. Asia Pacific stands out as the fastest-growing consumer electronics market, benefiting from strong economic growth and substantial investments from global corporations. Additionally, the region’s burgeoning middle-class population plays a pivotal role in driving various industries, fostering industrialization across the region. Notably, there has been a noticeable uptick in the consumption of solder materials within the consumer electronics and automotive sectors in Asia Pacific.
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