Solder Flux Market: Increasing Production of Smartphones Ensures Swift Uptake By 2024

Transparency Market Research (TMR) states explains the competitive landscape in the solder flux market to be intense. The latest report by TMR states that the global market is being led by companies such as Henkel AG & Co. KgaA, Heraeus Holding, Johnson Matthey, and Kester. Analysts point out that the market could get fragmented in the coming years due to the entry of several new players. These companies are expected to focus on mergers and acquisitions, profitable collaborations, and expanding their product portfolio to retain their position over the forecast period. Players also stand to benefit with improvements in production methods and adoption of better technologies.

The research report states that the global solder flux market is expected to rise at a CAGR of 6.30% during the forecast period of 2016 and 2024. The market is estimated to reach a valuation of US$367.3 mn by the end of the forecast period from US$213.2 mn in 2015.

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BGA Emerges as the Sole Leading Segment in the Global Market

On the basis of application, the global solder flux market is segmented into ball grid array (BGA) and others such as surface mounted devices (SMD) and flip chip. Of these, BGA held the dominant share in the market due to their extensive usage in printed board circuits. The report states that this segment held a share of more than 63% in the global market as of 2015.

Asia Pacific Poised to Dominate Overall Solder Flux Market with Government Initiatives

In terms of geography, the global solder flux market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. The report indicates that Asia Pacific has been dominating the global market and is likely to maintain its stance throughout the forecast period. The booming semiconductor and PCB industries in the developing countries of the region such as India and China are expected to play an instrumental role in shaping the trajectory of the regional market. Initiatives taken by governments such as “Make in India” are also expected to support the rise in revenue of the overall market.

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On the other hand, Europe and North America are expected show a marginal decline as the regional markets mature. Furthermore, the economic instability in Europe is expected to have a negative influence on the overall regional market in the coming years. Thus, the developed regions are likely to take a backseat in the global market as compared to the developing ones.

Increasing Sales of Smartphones Augments Uptake of Solder Flux

The report points out that the soaring production of printed circuit board (PCB) is the key driver for the global solder flux market. As the sales of smartphones, laptops, and other personal assistant devices spikes, it is also expected to augment the growth of the global solder flux market as they are prime users of PCBs. Furthermore, the rise of the automotive industry has also given the global solder flux market a significant boost over the past few years. However, the wide availability of PCB design software and the differences in tariffs are expected to restrain the market growth in the near future.

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