Solder Materials Global Market Report 2024

Description

Solder Materials Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on solder materials market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for solder materials? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The solder materials market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: Wire; Paste; Bar; Flux; Others
2) By Process: Wave/Reflow; Robotic; Screen Printing; Laser
3) By End-Use Industry: Consumer Electronics; Automotive; Industrial; Building; Others
Companies Mentioned: Lucas-Milhaupt Inc.; Henkel AG & Co. KGaA; Senju Metal Industries Co. Ltd.; Koki Company Limited; Indium Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Solder materials encompass metal alloys utilized in the soldering process, a technique employed to join metals by melting solder at high temperatures, creating a durable bond.

The primary products within solder materials include wire, paste, bar, flux, and various other related products. Wires consist of conductive alloys with low melting points, facilitating the bonding of metals possessing higher melting points. Various soldering processes, such as wave/reflow, robotic, screen printing, and laser techniques, are utilized across industries including consumer electronics, automotive, industrial manufacturing, construction, and other sectors.

The solder materials market research report is one of a series of new reports from The Business Research Company that provides solder materials market statistics, including solder materials industry global market size, regional shares, competitors with a solder materials market share, detailed solder materials market segments, market trends and opportunities, and any further data you may need to thrive in the solder materials industry. This solder materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The solder materials market size has grown steadily in recent years. It will grow from $2.03 billion in 2023 to $2.12 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth observed during the historical period can be credited to several factors, including the increasing adoption of renewable energy electronics, a focus on enhancing reliability and durability of products, expanding applications within the automotive sector, and advancements in miniaturization within the electronics industry.

The solder materials market size is expected to see steady growth in the next few years. It will grow to $2.55 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. Anticipated growth in the forecast period is expected to stem from factors such as a focus on enhancing supply chain resilience, the implementation of circular economy initiatives, increased applications within the aerospace and defense sectors, and advancements in medical electronics. Key trends projected for this period include the integration of Industry 4.0 and smart manufacturing practices, continuous advancements in manufacturing processes, the development of high-speed and high-frequency electronics, as well as a notable shift towards sustainable and eco-friendly solder materials aligned with green initiatives.

The solder materials market is anticipated to experience growth driven by an upswing in demand from the electronic industry. The electronics sector encompasses businesses engaged in designing, manufacturing, and selling equipment like computers, semiconductors, integrated circuits, and more. Solder, a crucial component in this industry, is used to create mechanical and electrical joints essential for maintaining components in circuits. A vision document released by the Ministry of Electronics and Information Technology in January 2022 predicts a substantial increase in the electronics industry, projecting a rise from an estimated US$15 billion in 2021-2022 to US$120 billion by 2026. This surge in electronics demand underpins the growth trajectory of the solder materials market.

The solder materials market is poised for growth due to the increasing demand for microelectronic devices. These devices, built on a small scale, rely extensively on solder materials for the electrical and mechanical connection between the silicon die and bonding pads. In 2021, the U.S. Department of Energy allocated nearly $54 million for 10 projects led by national laboratories, aiming to enhance energy efficiency in microelectronics design and production. This impetus reflects the rising need for microelectronic devices and contributes to the expansion of the solder materials market.

A notable trend in the solder materials market is the focus on technological advancements. Companies operating in this market are actively developing innovative technologies for soldering metal alloys, positioning themselves competitively. For instance, SAFI-Tech Inc., a U.S.-based manufacturer of lead-free soldering alloys, introduced a super-cooled soldering technique based on SAC305 in June 2022. This technique, utilizing a micro-encapsulation process, stabilizes the supercooled liquid phase of SAC305 within a nanofilm shell. This groundbreaking approach extends the usefulness of the liquid phase to temperatures well below the alloy's typical solidification point, preventing thermal damage to components and materials. The technique addresses quality challenges arising from coefficient of thermal expansion mismatches, showcasing advancements in soldering technologies.

Leading players in the solder materials market are strategically focusing on the development and introduction of innovative products like the ALPHA HRL3 Solder Sphere to fortify their market positions. The ALPHA HRL3 Solder Sphere stands out as a lead-free, low-temperature, high-reliability alloy specifically crafted for ball mount applications in industries such as semiconductors, circuitry, and electronics assembly. In May 2022, Kester, a prominent U.S.-based supplier of assembly materials for electronic assembly and microelectronics, unveiled the ALPHA HRL3 Solder Sphere. This product not only offers the benefits of being lead-free and operating at low temperatures but also delivers enhanced drop shock and thermal cycling performance compared to existing alloys in the low-temperature segment. The ALPHA HRL3 Solder Sphere's attributes include a wide operating window, cost savings through low-temperature materials, and reduced warpage.

A noteworthy acquisition in the industry occurred in March 2022 when Lincoln Electric Holdings Inc., a major U.S.-based producer of soldering alloys, automated joining systems, and welding solutions, acquired Kestra Universal Soldas. Kestra, based in Brazil, specializes in manufacturing welding consumables and wear plates, providing maintenance and repair services for alloy and wear-resistant items. This strategic acquisition aligns with Lincoln Electric's 2025 higher standard plan, reinforcing Kestra's expertise and expanding the offering of specialty alloys and services in the South American region.

Major companies operating in the solder materials market report are 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., The Indium Corporation, Indium Corporation, Eutectic Gold/Tin Solder, Liquid Metal - Gallium and Gallium Alloys, NC-10HF Flux Coating for Solder Preforms, Nitinol Soldering Kit, No-Clean Fluxes for Coating Solder Preform

Asia-Pacific was the largest region in the solder materials market share in 2023. North America was the second-largest region in the solder materials market. The regions covered in the solder materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the solder materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The solder materials market consists of sales of lead-based and lead-free solder materials. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r13062

1. Executive Summary

2. Solder Materials Market Characteristics

3. Solder Materials Market Trends And Strategies

4. Solder Materials Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Solder Materials Market Size and Growth

5.1. Global Solder Materials Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Solder Materials Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Solder Materials Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Solder Materials Market Segmentation

6.1. Global Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Wire
Paste
Bar
Flux
Others
6.2. Global Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Wave/Reflow
Robotic
Screen Printing
Laser
6.3. Global Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Consumer Electronics
Automotive
Industrial
Building
Others

7. Solder Materials Market Regional And Country Analysis

7.1. Global Solder Materials Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Solder Materials Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Solder Materials Market

8.1. Asia-Pacific Solder Materials Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Solder Materials Market

9.1. China Solder Materials Market Overview
9.2. China Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Solder Materials Market

10.1. India Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Solder Materials Market

11.1. Japan Solder Materials Market Overview
11.2. Japan Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Solder Materials Market

12.1. Australia Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Solder Materials Market

13.1. Indonesia Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Solder Materials Market

14.1. South Korea Solder Materials Market Overview
14.2. South Korea Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Solder Materials Market

15.1. Western Europe Solder Materials Market Overview
15.2. Western Europe Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Solder Materials Market

16.1. UK Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Solder Materials Market

17.1. Germany Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Solder Materials Market

18.1. France Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Solder Materials Market

19.1. Italy Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Solder Materials Market

20.1. Spain Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Solder Materials Market

21.1. Eastern Europe Solder Materials Market Overview
21.2. Eastern Europe Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Solder Materials Market

22.1. Russia Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Solder Materials Market

23.1. North America Solder Materials Market Overview
23.2. North America Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Solder Materials Market

24.1. USA Solder Materials Market Overview
24.2. USA Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Solder Materials Market

25.1. Canada Solder Materials Market Overview
25.2. Canada Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Solder Materials Market

26.1. South America Solder Materials Market Overview
26.2. South America Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Solder Materials Market

27.1. Brazil Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Solder Materials Market

28.1. Middle East Solder Materials Market Overview
28.2. Middle East Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Solder Materials Market

29.1. Africa Solder Materials Market Overview
29.2. Africa Solder Materials Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Solder Materials Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Solder Materials Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Solder Materials Market Competitive Landscape And Company Profiles

30.1. Solder Materials Market Competitive Landscape
30.2. Solder Materials Market Company Profiles
- 30.2.1. Lucas-Milhaupt Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Henkel AG & Co. KGaA
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Senju Metal Industries Co. Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Koki Company Limited
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Indium Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Solder Materials Market Competitive Benchmarking

32. Global Solder Materials Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Solder Materials Market

34. Solder Materials Market Future Outlook and Potential Analysis

34.1 Solder Materials Market In 2028 - Countries Offering Most New Opportunities
34.2 Solder Materials Market In 2028 - Segments Offering Most New Opportunities
34.3 Solder Materials Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer