Solder Materials Market Size, Industry Share | Growth Report 2025
Industry Insights
The global solder materials market size was valued at USD 1.08 billion in 2017 and is anticipated to grow at a CAGR of 3.4% from 2018 to 2025, driven by the increasing need for smart electronics and energy-efficient devices. The growing demand for advanced electronic products has led to the development of specialized solder materials designed to address the limitations of conventional micrometer-based pastes. However, these traditional paste exhibit issues such as high melting temperatures, which can cause undesired stress during reflow processing, restrict applications, and introduce defects in the joint.
The US solder materials market is poised for significant growth, driven primarily by the expanding electronics refurbishing sector. As the demand for recycled and remanufactured electronics continues to rise, the need for reliable solder materials has become increasingly important. Furthermore, the growing production of electronic devices in the region, coupled with a thriving electronics aftermarket industry, is expected to fuel demand for these materials over the forecast period. Notably, major manufacturers have invested heavily in R&D efforts focused on producing advanced solder materials, such as Sn-Bi-Ag alloy, which has resulted in reduced thermal excursion during electronic assembly and improved overall performance.
The shift away from traditional wave soldering has significantly reduced reliance on this method, resulting in increased reliability and lower energy costs. Governments worldwide have prioritized the substitution of lead-based solders due to their hazardous nature. Fortunately, a low-lead based solder serves as an eco-friendly alternative that can be utilized until regulatory agencies impose a full ban. This growing adoption of such environmentally friendly materials is expected to fuel market growth.
Process automation is revolutionizing the soldering techniques, set to drive market growth in the coming years. By minimizing human involvement, automation significantly boosts productivity, leading to enhanced efficiency. This technological advancement will undoubtedly contribute to the market's notable expansion over the forecast period.
Product Insights
The wire market is expected to continue its dominance, with a projected value of USD 554.6 million by 2025. The segment's widespread adoption in printed circuit board (PCB) soldering and its superior performance are key drivers of this trend. Additionally, growing awareness among consumers and industries about the specific uses of different wires for designated applications is also contributing to the segment's growth. For instance, the use of acid core solder wire, which is suitable for plumbing but not electronics due to its acidic constituents, highlights the importance of choosing the right wire for a particular application.
The growing adoption of advanced solder wires, characterized by their incorporation of specialized flux leads and enhanced properties, is significantly contributing to the segment's upward trajectory. Furthermore, the increasing utilization of wires in the electronics sector is anticipated to fuel demand for these specialized wires, thereby propelling growth in this dynamic market.
The world of electronics requires a range of specialized materials to bring components together seamlessly. Beyond our flagship product, we also offer a variety of other products that cater to diverse needs in manufacturing and assembly. Our paste solution, for instance, is a finely suspended mixture used primarily in Surface Mount Technology (SMT) to solder Surface Mount Devices (SMD) on printed circuit boards. This precise application ensures the optimal amount is delivered onto each pad, making it an essential tool in electronic assembly, particularly when working with miniaturized components. The growing demand for electronic products and printed circuit boards is driving up the need for our paste product. Moreover, its ease of use and application onto PCBs is expected to continue its upward trajectory over the forecast period, further solidifying its position as a key player in this segment.
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Process Insights
Wave/reflow technology has become a dominant force in the market, boasting an impressive valuation of USD 365.6 million in 2017. This widely adopted method for soldering electronics is particularly noteworthy for its ability to prevent damage caused by overheating, making it an attractive solution for manufacturers seeking efficient processes. Moreover, its suitability for mass production has significantly contributed to the segment's remarkable growth prospects.
The rapid evolution of robotic processes has led to significant market expansion, offering a comprehensive automation solution. Recent breakthroughs in laser and robotic soldering technologies have further accelerated growth, while the integration of advanced robotic systems is poised to propel the segment forward, driving innovation and expansion.
The robotic process ecosystem is comprised of four key machines: soldering/desoldering devices, rework stations, vacuum or hot-air pickup tools. This interconnected system enables real-time connectivity, allowing users to access the process remotely from various locations. As a result, robotic processes are increasingly being utilized in high-volume production settings to optimize performance and reduce manufacturing time, setting the stage for significant growth in this segment.
The screen printing process demands meticulous attention to detail when depositing paste onto printed circuit boards (PCBs), as even the slightest error can compromise joint integrity and limit its usability. Furthermore, the widespread adoption of this technique within the electronics aftermarket is anticipated to drive growth, presenting a promising future for this specialized manufacturing method.
Regional Insights
North America boasts the second-largest regional market, narrowly trailing Asia Pacific, thanks in part to its burgeoning electronics and semiconductors sector. The United States has since taken the reins as the largest market within this region, a position it secured in 2017 with the notable resurgence of the refurbishing industry. As advanced semiconductor device production is on the rise, growth prospects are expected to intensify over the forecast period.
The electronics industry is poised for significant gains, with Mexico emerging as a key driver of growth. The country's expanding manufacturing base for electronic devices is expected to contribute substantially to this trend. Additionally, the proliferation of repair outlets and after-sales services for electronics products has created a thriving aftermarket, providing a substantial boost to market expansion. As consumer electronics continue to shrink in size, demand for related products is likely to increase, further fueling market growth.
Solder Materials Market Share Insights
Leading companies in this sector invest heavily in cutting-edge research to develop innovative materials. By leveraging these advancements, they create high-performance solder alloys and raw materials that enable faster and more reliable bonding.
Companies that specialize in delivering these high-performance products rely on cutting-edge technology and innovative product launches, exemplified by Njhon Superior Co. Ltd.'s SN100C (032) model, to drive operational efficiency. Most businesses prioritize research and development investments to enhance the lifespan and overall performance of their offerings.
Report Scope
Attribute | Details |
Base year for estimation | 2017 |
Actual estimates/Historical data | 2014 - 2017 |
Forecast period | 2018 - 2025 |
Market representation | Revenue in USD Million and CAGR from 2018 to 2025 |
Regional scope | North America, Europe, Asia Pacific, Central & South America, and MEA |
Country scope | U.S., Canada, Mexico |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors and trends |
15% free customization scope (equivalent to 5 analyst working days) | If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
Segments Covered in the Report
This comprehensive report offers a nuanced examination of the global solder materials market, projecting revenue and volume growth across various sectors. Spanning from 2014 to 2025, our analysis delves into the latest industry trends in each sub-segment. The study is divided into three key categories: product, process, and region.
Product Outlook (Revenue, USD Million, 2014 - 2025)
Wire
Paste
Bar
Flux
Process Outlook (Revenue, USD Million, 2014 - 2025)
Screen-printing
Robotic
Laser
Wave/Reflow
Regional Outlook (Revenue, USD Million, 2014 - 2025)
North America
U.S.
Canada
Mexico
Europe
Asia Pacific
Central & South America
Middle East & Africa
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