Solder Flux Market - Positive Long Term Growth Outlook 2024
Transparency Market Research (TMR) states
explains the competitive landscape in the solder flux market to be
intense. The latest report by TMR states that the global market is being
led by companies such as Henkel AG & Co. KgaA, Heraeus Holding,
Johnson Matthey, and Kester. Analysts point out that the market could
get fragmented in the coming years due to the entry of several new
players. These companies are expected to focus on mergers and
acquisitions, profitable collaborations, and expanding their product
portfolio to retain their position over the forecast period. Players
also stand to benefit with improvements in production methods and
adoption of better technologies.
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The
research report states that the global solder flux market is expected
to rise at a CAGR of 6.30% during the forecast period of 2016 and 2024.
The market is estimated to reach a valuation of US$367.3 mn by the end
of the forecast period from US$213.2 mn in 2015.
BGA Emerges as the Sole Leading Segment in the Global Market
On
the basis of application, the global solder flux market is segmented
into ball grid array (BGA) and others such as surface mounted devices
(SMD) and flip chip. Of these, BGA held the dominant share in the market
due to their extensive usage in printed board circuits. The report
states that this segment held a share of more than 63% in the global
market as of 2015.
Asia Pacific Poised to Dominate Overall Solder Flux Market with Government Initiatives
In
terms of geography, the global solder flux market is segmented into
Europe, North America, Asia Pacific, Latin America, and the Middle East
and Africa. The report indicates that Asia Pacific has been dominating
the global market and is likely to maintain its stance throughout the
forecast period. The booming semiconductor and PCB industries in the
developing countries of the region such as India and China are expected
to play an instrumental role in shaping the trajectory of the regional
market. Initiatives taken by governments such as “Make in India” are
also expected to support the rise in revenue of the overall market.
On
the other hand, Europe and North America are expected show a marginal
decline as the regional markets mature. Furthermore, the economic
instability in Europe is expected to have a negative influence on the
overall regional market in the coming years. Thus, the developed regions
are likely to take a backseat in the global market as compared to the
developing ones.
Increasing Sales of Smartphones Augments Uptake of Solder Flux
The
report points out that the soaring production of printed circuit board
(PCB) is the key driver for the global solder flux market. As the sales
of smartphones, laptops, and other personal assistant devices spikes, it
is also expected to augment the growth of the global solder flux market
as they are prime users of PCBs. Furthermore, the rise of the
automotive industry has also given the global solder flux market a
significant boost over the past few years. However, the wide
availability of PCB design software and the differences in tariffs are
expected to restrain the market growth in the near future.
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This
review is based on Transparency Market Research’s report, titled
“Solder Flux Market (Type - Water Soluble and No Clean; Application -
Ball Grid Arrays (BGAs)) - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 - 2024.”
The report segments the global Solder Flux market as:
By Type
-Water Soluble
-No-Clean
-Others
By Application
-Ball Grid Array
-Others
By Region
-North America
-U.S.
-Canada
-Europe
-France
-U.K.
-Spain
-Germany
-Italy
-Rest of Europe
-Asia Pacific
-China
-Japan
-India
-ASEAN
-Rest of Asia Pacific
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