With the increasing miniaturization of electronic devices and the shift towards lead-free soldering, reflow soldering is becoming more widely used for its ability to provide high-quality, reliable solder joints for surface-mount components and fine-pitch components on modern printed circuit boards.Ġ Pages PDF with Insights, Charts, Tables, and Figures) automotive segment toīy end-use, the consumer electronics segment accounted for the largest share in 2022, contributing to more than two-thirds of the global solder materials market revenue, and is projected to maintain its lead position during the forecast period. Wave soldering and reflow soldering are essential soldering processes in the electronics manufacturing industry, each with its own specific applications and advantages. ![]() It is projected to grow at a CAGR of 4.2% from 2023 to 2032. Its lead position during the forecast periodīy process, the wave/reflow segment accounted for the largest share in 2022, contributing to nearly half of the global solder materials market revenue, and is projected to maintain its lead position during the forecast period. The transition towards lead-free solder bars and the development of advanced solder alloys will further drive the market growth, offering new opportunities for innovation and product development in the solder materials industry. With the increasing demand for electronic devices and the expansion of the electronics industry, the solder bar market is expected to witness significant growth. Solder bars are a critical component in the electronics manufacturing process, providing a reliable and efficient method for soldering electronic components onto printed circuit boards and creating strong and durable solder joints. It is projected to grow at a CAGR of 4.1% from 2023 to 2032. Revenue, and is projected to maintain its lead position during the forecast period. Its lead position during the forecast period.īy product, the bar segment accounted for the largest share in 2022, contributing to more than two-fifths of the Despite the challenges posed by the volatility in raw material prices and environmental concerns associated with lead-based solder materials, the solder materials market is poised for significant growth due to the increasing demand for electronic devices and the expansion of the renewable energy sector.ĭownload Sample Pages of Research Overview:Įxpansion Of The Automotive Industry. The solder materials market is expected to show promising growth potential in the foreseeable future, driven primarily by the increase in demand for electronic devices and advancements in the electronics industry. ![]() ![]() According to the report, the "solder materials market" was valued at $4.6 billion in 2022, and is estimated to reach $7.1 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032. Wilmington, Delaware, Ap(GLOBE NEWSWIRE) - Allied Market Research published a report, titled,īy Product (Bar, Wire, Paste, and Others), Process (Wave/Reflow, Screen Printing, Robotic, and Others), and End-use (Automotive, Consumer Electronics, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032"
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