Press release
Solder Materials Global Market: $2.69 Billion Value Forecast by 2029, Steady CAGR of 4.0-5.5% and Key Market Trends
Reaping the benefits of advancements in smart manufacturing and sustainable materials, the global solder materials market is set to demonstrate a robust growth rate over the next few years.What Is The Projected Market Size Of The Global Solder Materials Market And Its Growth Rate?
The solder materials market has seen a steady growth, owing to its increased application across various industries. Some key statistics include:
- The market size has grown from $2.09 billion in 2024 to $2.17 billion in 2025, at a compound annual growth rate (CAGR) of 4.0%.
- The growth in the historic period was attributable to the rise in renewable energy electronics, automotive applications, and miniaturization in electronics.
- It is projected to reach $2.69 billion by 2029, growing at a CAGR of 5.5%.
- The future growth of the market can be attributed to supply chain resilience, circular economy initiatives, aerospace and defense applications, and advanced medical electronics.
What Is Driving The Growth In The Solder Materials Market?
The surge in demand from the electronic industry is a major growth driver for the solder materials market. Solder is widely used in electronic industry for creating a mechanical and electrical joint that maintains components in the circuit. For instance, the electronics industry in India, according to a vision document published by the Ministry of Electronics and Information Technology, is expected to grow from US$15 billion in 2021-2022 to US$120 billion by 2026. This indicates a significant demand for electronics, thereby propelling the growth of the solder materials market.
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Who Are the Key Players Driving Solder Materials Market Growth?
The progress of the solder materials market is underpinned by the endeavors of several key players:
- Lucas-Milhaupt Inc.
- Henkel AG & Co. KGaA
- Senju Metal Industries Co. Ltd.
- Koki Company Limited
- Indium Corporation
- Kester
- Alpha Assembly Solutions
- Nihon Superior Co. Ltd.
- Heraeus Holding GmbH
- AIM Metals & Alloys LP
- Qualitek International Inc.
- FCT Assembly Inc.
- Tamura Corporation
- DUKSAN Hi-Metal Co. Ltd.
- Balver Zinn Josef Jost GmbH & Co. KG
- MG Chemicals Ltd.
- Nihon Handa Denki Co. Ltd.
- Nihon Genma Manufacturing Co. Ltd.
- Nihon Almit Co. Ltd.
- Yashida Corporation
- Tongfang Tech Co. Ltd.
- Shenzhen Bright Technology Development Co. Ltd.
- Shenzhen Jufeng Solder Co. Ltd.
- Shenzhen Xinqiao Automation Co. Ltd.
What Are The Key Trends In The Solder Materials Market?
Major trends in the forecast period include:
- Implementation of industry 4.0 and smart manufacturing techniques.
- Advancements in manufacturing processes.
- Rise of high-speed and high-frequency electronics.
- Development of sustainable and green solder materials.
What Are The Segments Of The Global Solder Materials Market?
The solder materials market is segmented into:
- By Product: Wire, Paste, Bar, Flux, Others
- By Process: Wave Or Reflow, Robotic, Screen Printing, Laser
- By End-Use Industry: Consumer Electronics, Automotive, Industrial, Building, Others
Which Region Leads The Solder Materials Market?
Asia-Pacific dominated the solder materials market share in 2024, followed by North America. The regions covered in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Solder Materials Global Market Report?
- Market Size Analysis: Analyze the Solder Materials Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Solder Materials Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Solder Materials Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Solder Materials Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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