Global Solder Paste Market was valued at USD xx Mn in 2019 and is expected to reach at USD xx Mn by 2027 at a CAGR of 3.1% over the forecast period 2020-2027.
Global Solder Paste Market
The report covers an in-depth analysis of COVID-19 pandemic impact on Global Solder Paste Market by region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.
Global Solder Paste Market Dynamics:
Solder pastes are used in almost all electronic equipment which contains printed circuit boards (PCBs). Solder pastes are crucial for adequate functioning of the equipment. They are made by mixing a metal alloy powder (around 90% by weight) with a cream-like material made of organic chemicals (around 10% by weight). Printed Circuit Boards have patterns of electrically conducting copper tracks to which electronic components are joined with the help of soldering the components. Factors such as increasing demand from electronics and electrical manufacturing services, flourishing semiconductor industry in many APAC countries, increasing penetration of information technology, growing demand from many end user industries such as automotive, marine, aerospace and electronics and growing adoption of lead free solder paste due to environmental concerns of lead are driving the market growth of global solder paste market over the forecast period. Now-a-days, demand for electronic devices such as computers, laptops, smart phones, tablets, televisions, medical testing equipments, fiber optic receptors, nuclear detection systems is increasing rapidly due to increasing penetration and growing disposable income in many emerging economies. These devices are made of various printed circuit boards, which is expected to create lucrative opportunities for market over the forecast period.
However, factors such as availability of substitute products, high costs associated with solder paste, fluctuations in raw material prices, stringent environmental regulations pertaining to disposable of electronics devices and less adoption in many underdeveloped countries are restraining the market growth over the forecast period.
Global Solder Paste Market is segmented by product type, by application and by Region. By type, rosin-based pastes held the highest market share in 2019 and is expected to keep its dominance over the forecast period owing to its wide use of this pastes in fluxes because it offers many advantages. Rosin based pastes offers various advantages such as it attacks the passivation layer of several metals especially that of copper producing copper abietate, it can be dissolved in suitable solvents and applied to surface to be joined. Rosin based pastes type segment is followed by water soluble pastes type segment with xx% of market share over the forecast period. By application, SMT assembly application segment held the highest market share of 61.23% in 2019 and is expected to keep its dominance over the forecast period. Solder pastes are basic essential materials in surface mount technology (SMT) for assembly of printed circuit boards (PCBs). Introduction of lead-free solder paste material has increased adoption of this paste in SMT application.
By geography, global solder paste market is segmented into North America, APAC, Europe, MEA& Africa and South Africa. Among these, APAC held the highest market share of 53.23% in 2019 and is expected to keep its dominance over the forecast period owing to the presence of major electronics and electrical market players in this region. Factors, such as growing production of automotive vehicles in China, India, Japan and South Korea, maturing state of the North American market and the economic instability in Europe have shifted major market bases in Asia Pacific, export oriented electronics manufacturing services policies of China, increasing penetration of information technology and telecommunication sector are driving the market growth in this region. China is leading the market in this region as it is the largest manufacturer of solder paste in the world. APAC is followed by North America and Europe with xx% and xx% of market share over the forecast period.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Solder Paste Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Solder Paste Market dynamics, structure by analyzing the market segments and project Global Solder Paste Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Solder Paste Market the report investor’s guide.
Scope of Global Solder Paste Market
Global Solder Paste Market Segmentation by Product Type
• Rosin Based Pastes
• Water Soluble Pastes
• No-Clean Pastes
Global Solder Paste Market Segmentation by Application
• SMT Assembly
• Semiconductor Packaging
Global Solder Paste Market Segmentation by Region
• North America
• MEA& Africa
• South Africa
Global Solder Paste Market Major Players
• AIM Metals & Alloys LP
• Henkel Corporation
• Indium Corporation
• KOKI Company Ltd.
• MacDermid Alpha Electronics Solutions
• Nihon Superior Co., Ltd.
• Senju Metal Industry Co., Ltd.
• TAMURA Corporation
• SMT International LLC
• Chung I Silver Solder Co., Ltd.
• Ku Ping Enterprise Co., Ltd.
• Shenmao Technology Inc.
• Chemco Industry Corporation
• Dyfenco Electronic Chemical Corporation
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