Press release
Solder Balls Market to increase rapidly by 2025
According to the research report, the worldwide market for solder balls is envisaged to post a CAGR of 6.3% for the forecast period between 2017 and 2025. By the end of the forecast period in 2025, the market could collect a revenue of US$323.7 mn, a progress from its evaluated worth of US$187.1 mn in 2016.
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Amongst the key alloy type segments, lead free solder balls accounted for the leading share in the market in 2016. Based on solder type, the segment of non-eutectic solder balls led the market in 2016. In terms of size type, 400um and above segment accounted for the leading share of the market in 2016. Solder balls of 400um and above sizes find widespread applications in automotive and electronics segments.
Asia Pacific held the leading share of the market in terms of revenue in 2016. The region is anticipated to display a leading CAGR between 2017 and 2025 amongst other key regions for solder balls.
solder-balls-market.jpgBenefits of Contact Reliability in Soldering Packaging Drives Demand
The growth of the solder balls market is primarily driven by the expansion of the industrial sector across several parts of the world. In the last few years, rapid growth has been observed in the automotive and electronics industry predominantly in emerging economies such as China and India. Rapid industrialization and economic development have led to an improved standard of living of people in these economies. Consequently, there is an increased demand for high quality and environmental friendly electronics and automotive products. This is directly influencing the demand for solder balls to be used in the electronics and automotive sector.
Solder balls find extensive applications in the industrial sector. The physical properties of a solder ball, which is either placed manually or by an automated equipment, facilitates the soldering process. The use of solder balls in soldering process also increases contact reliability in packaging. Demand for technologically developed solders that deliver high level of technical performance is on the rise. This is because products that are developed using high-performance solder balls are high in quality and are high in performance. Leading manufacturers of solder balls have created teams with technical expertise that are focused on developing cost-effective solder balls with improved appearance and performance and have low impact on the ambient environment.
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Environmental Concerns of Discharge of Lead to Impede Growth
On the down side, the availability of low-toxic substitutes is proving to be a roadblock to the market’s growth. Restrictions imposed by several governments to address the environmental concerns associated with discharge of lead in the environment is also providing headwinds to the market’s growth. This has led companies to manufacture lead free solder balls so as to abide by restrictions for the discharge of lead in these nations.
The review presented here is based on the findings of a report by Transparency Market Research, titled “Solder Balls Market (Alloy Type - Lead Solder Balls and Lead Free Solder Balls; Solder Type - Eutectic and Non-Eutectic; Size Type - Up to 100um, 100um – 400um and 400um & above) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.”
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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