The global Solder Material market is forecast to reach USD 1.49 Billion by 2027, according to a new report by Reports and Data. The demand for soldering materials is expected to be powered mainly by the growth in the computer refurbishing field. Expanded development of mobile devices in various regions, coupled with the advent of a phenomenal mobile aftermarket industry, is expected to lead to the growth of such materials in the coming years. Automation is effective; soldering procedures are expected to improve demand over the projected period. Moreover, extensive R&D for the manufacture of advanced solder materials is anticipated to boost the market growth.
Due to its toxic nature, various governments worldwide have placed a strong emphasis on the replacements of lead soldiers. A low lead-based solder, however, is an environmentally compatible substitute that can be utilized until regulatory agencies impose a full ban. Development in the use of these low-lead materials would improve business expansion. A presentation without lead fastens due to strict regulations against the lead hazard is necessary to escalate the growth over the following years. Increasing the use of new substantial state semiconductor advances in purchasers is also anticipated to help strengthen the market.
Conventional micrometer soldering products in the paste have many drawbacks, like high melting temperatures, which can lead to unwanted stress while reflowing production, limited applications, and joint defects. This has led to the creation of numerous solder materials based on sub-microns and nanoparticles. Though due to the toxic nature of the content, the growth of the market might be impeded.
Key participants include Kester, Lucas Milhaupt, Inc., Qualitek International, Inc., Fusion, Inc., Senju Metal Industry Co., Ltd., Koki Company ltd., Indium Corporation, Tamura Corporation, Nihon Genma, and Stannol GmbH & Co. KG, among others.
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented into the global Solder Material market on the basis of product, process, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Process Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
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Regional analysis section covers analysis of the Solder Material market in the major geographies of the world including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa with regards to production and consumption pattern, supply and demand ratio, import/export, revenue contribution, market share and market size, and presence of key players in the region.
Detailed Regional Analysis Covers:
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