Solder Flux Market Size, Share | Industry Trends Analysis Report, 2024
Global Market for Solder flux offered an opportunity worth US$213.2 mn in 2015. Rising at a CAGR of 6.30% during the period from 2016 to 2024, the value of this market is likely to touch US$367.3 mn by the end of the forecast period
Global Market for Solder flux offered an opportunity worth US$213.2 mn in 2015. Rising at a CAGR of 6.30% during the period from 2016 to 2024, the value of this market is likely to touch US$367.3 mn by the end of the forecast period
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Transparency <strong>Market</strong> Research<br />
<strong>Solder</strong> <strong>Flux</strong> <strong>Market</strong> - Global <strong>Industry</strong><br />
<strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>, Growth, <strong>Trends</strong><br />
and Forecast 2016 - <strong>2024</strong><br />
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REPORT DESCRIPTION<br />
According to a new research study by Transparency <strong>Market</strong> Research (TMR), the rivalry between Johnson Matthey,<br />
Henkel AG & Co. KgaA, Heraeus Holding, and Kester define the competitive landscape of the global market for solder<br />
flux. A large number of established players with state-of-art technical capabilities operate in this highly fragmented<br />
market.<br />
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http://www.transparencymarketresearch.com/solder-flux-market.html<br />
These players mostly benefit from their experience as they have gained proficiency in producing solder flux for<br />
electrical and electronic equipment. Going forward, they would engage more in mergers, acquisitions, and<br />
partnerships, which is likely to curtail the competition within this market a little in the near future, notes the study.<br />
TMR estimates the global market for solder flux offered an opportunity worth US$213.2 mn in 2015. Rising at a<br />
CAGR of 6.30% during the period from 2016 to <strong>2024</strong>, the value of this market is likely to touch US$367.3 mn by the<br />
end of the forecast period. The demand for solder flux has been exceptionally high from ball grid arrays (BGAs) and<br />
the scenario is expected to remain same over the forthcoming years.<br />
Rise in Automotive and Consumer Electronics Sectors to Ensure Dominance of Asia Pacific<br />
The research report also presents a geographical assessment of the worldwide market for solder flux, according to<br />
which, the global market is spread across Latin America, Europe, Asia Pacific, North America, and the Middle East<br />
and Africa. Currently, Asia Pacific holds the topmost position in this market, thanks to the fast developing consumer<br />
electronics and automotive industries. Asia Pacific accounted for a share of more than 60% in the global shipment<br />
volume of solder flux in 2015.<br />
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With the steady growth of the printed circuit board (PCB) and the semiconductor industries, China has emerged as<br />
the key domestic market for solder flux in Asia Pacific and is likely to retain its position over the period of forecast.<br />
India is also expected to witness a steady rise in its market for solder flux in the near future, thanks to the increasing<br />
number of government initiatives, especially the “Make in India” project. The strengthening economic conditions in<br />
China, India, and other Asian countries are projected to support the Asia Pacific solder flux market substantially<br />
during the forecast period.<br />
On the flip side, North America and Europe, which collectively, held a prominent share in the global market for solder<br />
flux previously, are likely to experience moderate declining due to the maturing state of the North American market<br />
and the economic instability in Europe over the next few years, states the research report.<br />
Rising Demand for Computers and Mobile Phones to Boost Application of <strong>Solder</strong> <strong>Flux</strong> in PCBs<br />
“As a widespread range of solder flux products of various grades are employed in printed circuit boards (PCBs), the<br />
increasing production of PCBs, boosted by the augmenting demand for computers and mobile phones, will reflect<br />
positively on the sales of solder flux across the world over the forecast period,” says the author of this report.<br />
Apart from this, the rise of the automotive and the semiconductor markets in the world, especially in the emerging<br />
economies, is also anticipated to boost the growth of this market in the near future. However, the easy availability of<br />
PCB design software may create obstacles in the growth trajectory of this market over the years to come, reports the<br />
study.<br />
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The study presented here is based on a report by Transparency <strong>Market</strong> Research (TMR) titled “<strong>Solder</strong> <strong>Flux</strong> <strong>Market</strong> -<br />
Global <strong>Industry</strong> <strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>, Growth, <strong>Trends</strong>, and Forecast 2016 - <strong>2024</strong>.”<br />
The report segments the global <strong>Solder</strong> <strong>Flux</strong> market as:<br />
By Type
• Water Soluble<br />
• No-Clean<br />
• Others<br />
By Application<br />
• Ball Grid Array<br />
• Others<br />
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