Solder Flux Market Forecast By 2026 | Top Key Players - Henkel, PREMIER INDUSTRIES, MacDermid Alpha Electronics Solutions, Indium Corporation, INVENTEC PERFORMANCE CHEMICALS

As per the latest research by Global Market Insights, Inc., the global solder flux market size is poised to exceed USD 250 million by 2026. This growth is primarily attributed to the increasing number of collaborative efforts by prominent industry participants for increasing their geographical footprint.

Major players in the solder flux market comprise FCT Solder, Shenzhen Tong fang Electronic New Material Co., Ltd., PREMIER INDUSTRIES, Indium Corporation, La-Co Industries, Inc., INVENTEC PERFORMANCE CHEMICALS, KOKI Company Ltd., MacDermid Alpha Electronics Solutions, and others.

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In March 2018, Henkel Adhesive Technologies, a prominent player in the global solder flux market, developed a new test vehicle for sufficing the requirement of a more holistic analysis of the solder flux paste process.

The industry is witnessing substantial demand for standardized and easily implemented test vehicles that would help in addressing the realities of manufacturing complexities in the present. The test vehicle comes with step-by-step directions for a designed experiment, full programming documentation, PCB design, set-up and test methods, and a complete bill of materials (BOM).

Offering a turnkey solder evaluation tool, the new system presents a cooperative effort between industry specialists in the disciplines of process engineering, material formulation, and statistical evaluation. Such developments are likely to boost product penetration, impelling the expansion of the solder flux industry through the estimated span.

Some key trends propelling solder flux industry expansion include:

Rising demand for consumer electronics in Europe

The presence of internationally renowned companies focused on the production of laptops, smart devices, home appliances, and more has been instrumental in driving the demand for consumer electronics in Germany. The Europe solder flux market is projected to depict a moderate CAGR of more than 5.2 per cent through 2026.

As per studies, the consumer industry in the region witnessed an upsurge of USD 25 billion from 2016-2018. The robust military expenditure accompanied by the increasing production of automobiles is set to impel the augmentation of the solder flux market over the assessment period.

Increasing popularity of water soluble products

In comparison to the other solder flux types, the surging popularity of water soluble products is on account of its excellent soldering capacities and its ability to clean the metal surface. The water soluble product segment is slated to record an appreciable CAGR of more than 6.2 per cent through 2026.

The ease of removal of this soldering flux is another factor adding to the growth of the solder flux industry over the projected span. This flux, however, needs more corrosion-resistant fluxers considering that its aggressive chemistry leads to corrosion in the circuit boards.

Surging adoption of PCBs

The increasing adoption of PCBs in military, telecommunications, consumer electronics, and automotive industries has led to an escalation in the need for various soldering flux operations.

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The industry demand is further augmented due to the growing inclination towards higher standards of living and the surging need for better consumer electronics across various regions.

In the years to come, the escalating requirement for the enhancement of military capabilities owing to the increasing geopolitical tension at the global level is touted to push the solder flux market demand, positively influencing revenue expansion to a remarkable extent.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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This release was published on openPR.