According to a new research study by Transparency
Market Research (TMR), the rivalry between Johnson Matthey, Henkel AG
& Co. KgaA, Heraeus Holding, and Kester define the competitive
landscape of the global market for solder flux. A large number of
established players with state-of-art technical capabilities operate
in this highly fragmented market.
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These players mostly benefit from their experience as
they have gained proficiency in producing solder flux for electrical
and electronic equipment. Going forward, they would engage more in
mergers, acquisitions, and partnerships, which is likely to curtail
the competition within this market a little in the near future, notes
the study.
TMR estimates the 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. The
demand for solder flux has been exceptionally high from ball grid
arrays (BGAs) and the scenario is expected to remain same over the
forthcoming years.
Rise in Automotive and Consumer Electronics
Sectors to Ensure Dominance of Asia Pacific
The research report also presents a geographical
assessment of the worldwide market for solder flux, according to
which, the global market is spread across Latin America, Europe, Asia
Pacific, North America, and the Middle East and Africa. Currently,
Asia Pacific holds the topmost position in this market, thanks to the
fast developing consumer electronics and automotive industries. Asia
Pacific accounted for a share of more than 60% in the global shipment
volume of solder flux in 2015.
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report @
With the steady growth of the printed circuit board
(PCB) and the semiconductor industries, China has emerged as the key
domestic market for solder flux in Asia Pacific and is likely to
retain its position over the period of forecast. India is also
expected to witness a steady rise in its market for solder flux in
the near future, thanks to the increasing number of government
initiatives, especially the “Make in India” project. The
strengthening economic conditions in China, India, and other Asian
countries are projected to support the Asia Pacific solder flux
market substantially during the forecast period.
On the flip side, North America and Europe, which
collectively, held a prominent share in the global market for solder
flux previously, are likely to experience moderate declining due to
the maturing state of the North American market and the economic
instability in Europe over the next few years, states the research
report.
Rising Demand for Computers and Mobile Phones to
Boost Application of Solder Flux in PCBs
“As a widespread range of solder flux products of
various grades are employed in printed circuit boards (PCBs), the
increasing production of PCBs, boosted by the augmenting demand for
computers and mobile phones, will reflect positively on the sales of
solder flux across the world over the forecast period,” says the
author of this report.
Apart from this, the rise of the automotive and the
semiconductor markets in the world, especially in the emerging
economies, is also anticipated to boost the growth of this market in
the near future. However, the easy availability of PCB design
software may create obstacles in the growth trajectory of this market
over the years to come, reports the study.
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The study presented here is based on a report by
Transparency Market Research (TMR) titled “Solder Flux Market -
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
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