The analysts at QY Research have published a new report titled, “Global Solder Market Research Report 2019”, which provides a unique insight into the market over the forecast period. The report has also covered the important aspects that are contributing to the growth of the global solder market. The report has further analyzed the changing trends in the market. Numerous macroeconomic factors such as GDPs of various countries and the growing inflation rate that is likely to affect growth of the market.
According to this report, the global solder market is estimated to grow to US$6437.09 mn by 2025 from US$5827.46 mn in 2018. The market will register a CAGR of 1.72% throughout the forecast period.
Global Solder Market: Drivers and Restraints
The global solder market will witness significant growth due to the growing demand for smart electronics and the advent of energy-efficient electronics. The increasing advancements in the soldering techniques through the automation process will propel the growth of the market in the years to come. The automation in the soldering process has decreased the human intervention, which has resulted in increased energy-efficiency. In addition, an introduction of lead-free solders because of the stringent government regulation against the lead toxicity is estimated to fuel the growth of the solders market over the forecast period.
Moreover, the growing usage of solid-state semiconductor technologies in industrial and consumer applications are also expanding the demand for solders in the coming years.
However, the use of non-patented alloys, which may hamper the quality of the product is creating a negative impact on market growth.
Global Solder Market: Segment Analysis
The global solders market is segmented into product type and applications. The application segment includes aviation & aerospace, electronics industry, automotive industry, and others. The product type segment is segmented into leaded solder and lead-free solder.
Global Solder Market: Regional Outlook
Asia Pacific is witnessing significant growth in the solders market due to the rapid increase in the semiconductors and electronics industry. North America is also expected to grab the largest market share because of the growing refurbishing industry in the region.
Global Solder Market: Key Players
Tongfang Tech, Alpha Assembly Solutions, QLG, Senju Metal Industry, Zhejiang Asia-welding, AIM Metals & Alloys, Shaoxing Tianlong Tin Materials, Qualitek International, Huachuang, KOKI, Hangzhou Youbang, Indium Corporation, Shengdao Tin, Balver Zinn, Anson Solder, Heraeus, Shenmao Technology, Nihon Superior, Qiandao, Nihon Handa, Yik Shing Tat Industrial, Nihon Almit, Yunnan Tin, Henkel, Persang Alloy Industries, DKL Metals, Hybrid Metals, Kester, PT TIMAH (Persero) Tbk, and Koki Products are the major players that are operating in the global solders market.
Global Solder Market: Competitive Landscape
In June 2019, Alpha Assembly Solutions, one of the leading manufacturer of electronics soldering and bonding materials showcased its range of high reliability die to attach solutions that include ALPHA Argomax Silver Sinter Technology in Shanghai from June 26-28, 2019. Companies are adopting the new product development strategies to attract consumers towards their products and attain high revenues.
Full Report Overview@ https://www.qyresearch.com/index/detail/1214046/global-solder-market