Solder Paste Market - Global Industry Size, Share, Growth, Forecasts 2015 - 2023
Latest
industry research report on: Global Solder Paste Market : Industry
Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth,
Segmentation, Parameters, Forecasts
Solder
paste,
also known as solder cream is used to connect leads on surface
mounted integrated circuit chips to the attachment points on the
printed circuit boards, which are commonly used in all electronic
devices. It is generally applied as a paste through stencil or
dispensing tubes on the leads on printed circuit boards, followed by
heating the paste in order for it to melt and fuse the connection.
Soldering paste is an extremely important ingredient in the
electronic circuit manufacturing industry. By physical appearance, it
is a gray and putty like material. Solder pastes are of different
compositions depending upon their end use requirements. Some of the
common solder pastes are tin – lead alloy, tin – silver –
copper alloy, tin – silver – copper alloy and tin – antimony
alloy.
The
driving force behind the solder alloy market is the burgeoning demand
from electronic manufacturing services. The market has especially
witnessed a bullish run since the last two decades, is expected to
grow further with the penetration of information technology, and
enabled services in human life across the world. Solder paste is
essential for all printed circuit boards and semiconductors. Printed
circuit boards find application in almost all electronic devices
including computers, laptops, smart phones, tablets, televisions,
medical testing equipments, fiber optic receptors, nuclear detection
systems, data storage devices and weather analysis equipment among
many others. Printed circuit boards are also used in automotives,
marine vehicles and aerospace industry for electronic functions.
Traditional single layer printed circuit boards are gradually
evolving into multilayer printed circuit board with extensive
functionality. The technological advancements in the PCB market is
expected to transform into higher demand for solder paste.
The
market for solder paste is largely unhindered by substitute products.
However, the demand for lead free solder paste has been increasing
due to environmental concerns of lead. According to estimates more
than 30 million tons of electronic waste are accumulated each year
and the lead content in electronic wastes create havoc on
environmental balance. The demand for lead containing alloys is
expected to decline over the period for the solder paste market.
However, there are no significant restraints to the solder paste
market as a whole.
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The global outlook for
electronic equipments and applications holds promise as consumer
electronics has exhibited tremendous growth over the past decade and
expected to continue to rise in the foreseeable future. This presents
tremendous opportunity for solder paste market especially in the
developing regions of Asia Pacific, Latin America and Africa.
China accounts for the largest
demand for solder paste in the world. China is the largest producer
of electronic devices and ancillary parts in the world. The export
oriented electronics manufacturing services in China is the main
reason behind the surging demand in the region. China is also the
largest manufacturer of solder paste in the world. Asia Pacific
accounts for over 50% of the global demand, lead by China, Japan,
Korea and India. Demand for solder paste from North America and
Europe follow that from Asia Pacific.
Some of the companies operating
in the solder paste market are SMT International LLC, Kester, AIM
Metals and Alloys, LLC, Chung I Silver Solder Co., Ltd., Ku Ping
Enterprise Co., Ltd., Shenmao Technology Inc. Chemco Industry
Corporation, Dyfenco Electronic Chemical Corporation among many
others.
This research report analyzes
this market on the basis of its market segments, major geographies,
and current market trends. Geographies analyzed under this research
report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides
comprehensive analysis of
Market growth drivers
Factors limiting market
growth
Current market trends
Market structure
Market projections for
upcoming years
This report is a complete study
of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter’s
five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with
detailed value chain analysis.
Reasons for Buying this
Report
This report provides
pin-point analysis for changing competitive dynamics
It provides a forward
looking perspective on different factors driving or restraining
market growth
It provides a six-year
forecast assessed on the basis of how the market is predicted to grow
It helps in understanding
the key product segments and their future
It provides pin point
analysis of changing competition dynamics and keeps you ahead of
competitors
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business decisions by having complete insights of market and by
making in-depth analysis of market segments
It provides distinctive
graphics and exemplified SWOT analysis of major market segments
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