Global Solder Market Is Valued At 5804 Million USD In 2016 And Is Expected To Reach 5915 Million USD By The End Of 2023
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Soldering is the process of joining metallic surfaces together using a hot metal filler. In electronics, it is used to secure individual components to circuit boards. Solder is obviously a key element in any form of electronics construction where soldering is undertaken. It provides a mechanical and electrical joint that is essential to keep components in place once a circuit has been assembled. While the mechanical strength is important, it is also necessary to ensure that the soldered joint provides a good electrical connection is made between the two connections that require joining. This can only be achieved satisfactorily if the medium, i.e. the solder joining the two conducts electricity well.
A further requirement of the material making the joint is that it must be easy and convenient to use. Solder has the advantage, unlike other mixtures or pure metals that it melts at a relatively low temperature.
Traditional solder that is used for soldering in the electronics industry used to be a mixture of tin and lead. Different types of solder are used for different purposes. Also, with the related polices’ implement, lead-free solder has been popular and widely used in the market in the recent years.
In 2017, leaded solder contributed for about 25% production market share while lead-free solder held 75%.
China and North America are the major production bases of solder. The two regions contributed about 72% share in the global production market in 2017. In addition, China keeps its No 1 position in the recent years, of which production reached to 131 K MT in 2017. The industry is relatively scattered. Kester, Henkel, AIM, KOKI, Alpha Assembly Solutions and so on are the leading producers in the solder market.
As for consumption, Asia-Pacific and North America are the major consumers as well. The two regions consumed about 165 K MT and 18 K MT respectively, with a total share of 87% in the consumption market in 2017.
Although China has become the largest producer of solder, when considering the performance, the manufacturers in the country still have an obvious gap compared with those from European and American regions. Chinese solder manufacturers should be dedicated to performance improvement. As for the future market, considering its applications and downstream industries development, market insiders thinks that the global solder market will keep increasing with the GACR of 2.35% during the period of 2017-2022, accompanied with fierce completion as well as price fluctuations.