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Solder Materials Market Analysis, Trends, Growth, Research And Forecast 2032
Solder Materials Market
The Business Research Company's Solder materials Global Market Report 2023 identifiesincrease in demand from the electronic industry
as the major driver for the solder materials market's growth in the forecast period. The electronics industry refers to businesses that create, design, manufacture, and sell equipment such as radios, televisions, stereos, computers, semiconductors, transistors, integrated circuits, and more. Solder is used in the electronic industry to produce a mechanical and electrical joint required to maintain components in the circuit.
The global solder materials market size is expected to grow from $1.93 billion in 2022 to $2.01 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The solder materials market is expected to grow to $2.35 billion in 2027 at a CAGR of 4.0%.
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Major competitors in the solder materials market are Lucas-Milhaupt Inc., Henkel AG & Co. KGaA, Senju Metal Industries Co. Ltd., Koki Company Limited, Indium Corporation, Kester(ITW), NIHON GENMA MFG.CO.LTD.
A key trend in the solder materials market includes technological advancement. Companies operating in the solder materials market are developing various technological advancements for soldering metal alloys to gain a competitive edge in the market. For instance, in June 2022, SAFI-Tech Inc., a US-based manufacturer of lead-free soldering alloys, developed a new super-cooled soldering technique based on SAC305 to address the incompatibility with high temperatures. The micro-encapsulation process develops a new form factor that stabilizes the supercooled liquid phase of SAC305 inside a nanofilm shell. It extends the usefulness of this liquid phase to temperatures well below the alloy's typical solidification point, enabling it to be applied throughout the entire extended liquid range at temperatures suitable for each product design. This method prevents thermal damage to components and materials while mitigating quality difficulties caused by a coefficient of thermal expansion mismatch.
Read More On The Global Solder materials Market Report Here:
https://www.thebusinessresearchcompany.com/report/solder-materials-global-market-report
The solder materials market is segmented -
• By Product: Wire, Paste, Bar, Flux, Others
• By Process: Wave/Reflow, Robotic, Screen Printing, Laser
• By End-Use Industry: Consumer Electronics, Automotive, Industrial, Building, Others
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the solder materials market.
The Business Research Company's "Global Solder materials Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Solder materials Market Include:
1. Executive Summary
2. Solder Materials Market Characteristics
3. Solder Materials Market Trends And Strategies
4. Solder Materials Market - Macro Economic Scenario
5. Solder Materials Market Size And Growth
……
26. Africa Solder Materials Market
27. Solder Materials Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Solder Materials Market
29. Solder Materials Market Future Outlook and Potential Analysis
30. Appendix
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