Solder Materials Market | Key players operating in the market include Lucas Milhaupt, Fusion Inc., Henkel, Stannol Gmbh & CO. KG, Senju Metal Industries

According to recent market research the "Solder Materials Market by Type (With Lead, Lead-Free), Product (Bar, Wire, Paste, Flux), Process (Wave/Reflow, Screen Printing, Robotic, Laser), End-Use Industry (Consumer Electronics, Automotive, Industrial) and Region - Global Forecast to 2027", 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. The market growth is fueled by the technological development on printed wiring board and growth in electronics industry. Rising demand of consumer electronics is key growth driver in solder materials market.

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Solder bar is the most used product for soldering. The most common alloy for electronic assembly soldering contains 63% tin and 37% lead and has a melting point of just 361°F. Other leaded alloys used for assembling electronic components include 60/40, Sn62/36/2Ag alloy containing 2% silver, and high temperature solder 10/90 containing 90% lead. Solder bar melted into solder pots can be a faster, more automated method of soldering than hand-soldering with solder wire. Solder pots that have a pump creating a wave are called wave solder machines, solder fountains, or selective solder machines.

Lead-free solder material is a replacement for conventional 60/40 and 63/37 Sn-Pb solder. Lead-free solder alloys have become popular and are largely adopted as an alternative to lead-based solder alloys in the soldering of electronic components and electronic packaging. In 2006, the Restriction of Hazardous Substances Directive (RoHS) was adopted by the European Union (EU), which led to the elimination of leadbased solder. Lead-free solders in commercial use contain tin, copper, silver, bismuth, indium, zinc, antimony, and traces of other metals. Most lead-free replacements for conventional 60/40 and 63/37 Sn- Pb solder have melting points from 50 to 200°C higher, though there are also solders with much lower melting points. Lead-free solder typically requires around 2% flux by mass for adequate wetting ability.

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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.

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.

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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 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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