The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2021 and an uptrend is witnessed from 2022.
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Market Insights
The Solder Flux Market was accounted for US$ 730.4 Mn in terms of value in 2021 and is expected to grow at CAGR of 9.0% for the period 2022-2028.
Profiling Key Companies –
Henkel
Premier Industries
MacDermid Alpha Electronics Solutions
Indium Corporation
Inventec Performance Chemicals
KOKI Company Ltd.
La-Co Industries Inc
Shenzhen Tong fang Electronic New Material Co., Ltd.
FCT Solder
Johnson Matthey
Growth drivers and Market Value:
This report, from Stratview Research, studies the Solder Flux Market value and growth drivers over the trend period of 2022-27. According to the report -
Solder flux market is likely to witness a CAGR of 5.7% during the forecast period. The prime factors that are driving the solder flux market are growing investments towards RD, increasing disposable income of consumers, and rapid technological change in gadgets such as phones, tablets, and laptops.
Segment Analysis:
Based on Product Type:
Based on the product type, the market is segmented as rosin-based, water soluble, and no-clean. The rosin-based segment dominated the market in 2021, and is expected to maintain its position during the forecast period. Rosin-based solder fluxes are non-conductive, hard, and corrosion resistant and hence, holds the largest share of the pie.
Based on Region:
In terms of regions, Asia-Pacific is estimated to be the largest market for solder flux during the forecast period. China, Japan, Taiwan, South Korea and India are the major economies contributing towards the growth and high demand for solder flux in the region. Cheap labor, low cost raw materials, and huge consumer base are the major features of the Asia-Pacific’s solder flux market. North America and Europe are also expected to witness a healthy demand for solder flux during the forecast period.
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Covid Impact
This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.
- Appropriate market trend and forecast analysis.
- All-inclusive report
- Decent price-performance ratio
- Reliable data
- Attractive market segments and associated growth opportunities.
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