Press release
Global Solder Balls Market Projected to Reach US$ 323.7 Mn by 2025 | CAGR 6.3% - TMR
Solder balls market is observed to have high demand in Asia Pacific region followed by North America and Europe. China held a major share of the solder balls market in Asia Pacific. Demand for solder balls has been increasing in Chinaand India, which is estimated to boost the market in the region. The market in Asia Pacific is estimated to expand at a high growth rate due to emerging business in the automotive and electronics in China, India, South Korea, and Malaysia. Middle East & Africa and Latin America region held lesser share in the global solder balls market in 2016. However the share of solder balls in these regions is anticipated to rise at an average CAGR between 2017 and 2025.
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In developing countries such as China, India, Brazil, South Africa, Mexico and others, there has been observed rapid growth in various industries ranging from construction to automotive, electronics and others. Due to industrial revolution taking place in these countries and other developing nations, standard of living of people is seen to be improving. Growth in industry has led to development in various products. This has led to increased demand for high quality and environmental friendly electronics and automotive products. Rise in demand for solder balls in automotive and electrical & electronics applications is driving the solder balls market across the globe. Introduction of new innovative technologies or products is projected to open up new markets for solder balls.
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Lead solder balls or eutectic solder balls have been restricted in regions such as Europe and North America due to various environmental concerns caused by the product. The product has been also detected to be toxic in nature causing threat to human and animal life. Therefore the demand for lead or eutectic solder balls in North America and Europe has been observed to be decreasing. The demand for lead and eutectic solder balls in Asia Pacific, Latin Americaand Middle East & Africa is comparatively better than Europe and North America. The lead or eutectic solder balls are cheaper and more efficient in nature; therefore product still has average demand in Asia Pacific, Latin America and Middle East & Africa regions.
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Key players operating in the global solder balls market are Duksan Metal Co. Ltd., Senju Metal Industry Co. Ltd., Indium Corporation, Nippon Micrometal Corporation, Hitachi Metals Nanotech Co. Ltd. and others.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
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