August 27, 2020
As per the research document titled ‘Solder Flux Market Size by Product, by Sector, Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report LLC, global solder flux market is anticipated to attain significant growth over 2020-2026.
For the record, solder flux is a chemical agent that is utilized in PCB (printed circuit board) assembly and hand soldering applications as it helps in de-oxidizing metals such as copper tracks on PCBs and lead on electronic components. It enhances wetting and soldering processes by eliminating impurities and oxides.
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Surging demand for solder flux from various industry verticals such as automotive and consumer electronics is augmenting the growth of global solder flux market.
Based on the product landscape, the no-clean solder flux segment is projected to grow significantly through 2026. The product helps in eliminating the need for surface cleaning & reflow as well as favors low preheat processes, which in turn is fueling the segment share. However, high amounts of residue left by certain types of no-clean solder fluxes is impeding the expansion of the segment.
Moving on to sector type, global solder flux market from the telecommunication sector is estimated to account for 30% of the market share by 2026. Factors including growing demand for enhanced communication services, increasing globalization, and rising utilization of soldering in telecommunication equipment such as phone switching systems and high-speed routers & servers are fostering the growth of the segment.
As per the regional analysis, Asia-Pacific solder flux market is projected to account for 70% of the total revenue share over 2020-2026. Strong electronics manufacturing capabilities as a result of a well-established electronics industry are favoring the expansion of the regional market.
The companies that hold a strong presence in worldwide solder flux market are Johnson Matthey PLC, Tamura Corp., La-Co Industries Inc., MacDermid Alpha Electronics Solutions, AIM Metals & Alloys LP, Inventec Performance Chemicals USA LLC, Senju Metal Industry Co Ltd., FCT Assembly Inc., KOKI Company Ltd., Indium Corporation, Premier Industries India Limited, and Henkel AG & Company KGaA among others.