Solder Paste Market Scope and Size by 2031
Analyst Perspective
The global solder paste market is expected to register a CAGR of 3.6%. The solder paste market has been booming lately due to the electronics industry's rapid growth and the rising demand for smaller, more efficient electronic devices. As technology advances, there is a heightened need for top-notch soldering materials like solder paste to meet the demand for compact and reliable electronic products. Solder paste is not just used in the electronic industry. It is also used in other applications, such as assembling medical devices and aerospace components. The development of new solder paste applications is expected to drive the growth of the solder paste market. Technological challenges and environmental regulations are significant challenges that may hamper the solder paste market's growth.
Market Overview
The solder paste is crucial for the electronics assembly industry. It's a key player in forming reliable connections between electronic components between electronic components on PCBs. Solder paste, a mix of solder alloy powder and flux, is essential in surface mount technology for effective and accurate soldering processes. Electronic devices are becoming smaller and more compact all the time. The demand for portable devices, such as smartphones and tablets, has driven this trend. Solder paste plays an essential role in the miniaturization of electronic devices, as it can be applied to tiny pads and pins. Soldering technology is constantly evolving, and new solder paste is constantly being developed. These new formulations offer improved performance and reliability, which is driving the growth of the soldering paste market.
Market Drivers
- The growth of the electronics industry
The electronics industry is one of the largest and fastest growing industries in the world, and solder paste is an essential component in the production of electronic devices continues to grow, so too will the demand for solder paste.
- The increasing use of surface mount technology (SMT)
SMT assembles electronic components onto printed circuit boards (PCBs) by soldering them directly to the board's surface. SMT is becoming increasingly popular because it is faster and more efficient than traditional through-hole assembly methods. Solder paste is essential for SMT soldering, as it helps to hold the components in place and create a solid electrical connection.
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Market Segmentation
The global solder paste market is segmented based on product type and end-use industry. The global solder paste market is segmented based on product type into rosin-based pastes, water soluble pastes, and no-clean pastes. The solder paste market is segmented based on the end-use industry into electronics, industrial, automotive, and others.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global solder paste market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The solder paste market by region is also sub-segmented by respective countries and segments. The solder paste market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the solder paste market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the solder paste market in these regions.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the solder paste market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the solder paste market are anticipated to have lucrative growth opportunities with the growing electronics industry in the global market.
The report includes key companies' profiles, SWOT analysis, and solder paste market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the solder paste market.
- Nordson Corporation
- Aim Metals And Alloys
- Henkel Corporation
- Koki Company Ltd
- Amtech
- Kester
- Nihon Almit
- Macdermid Alpha Electronic Solutions
- Indium Corporation
- Nevo GmbH
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Solder Paste Market - By Product Type
1.3.2 Solder Paste Market - By Application
1.3.3 Solder Paste Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOLDER PASTE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SOLDER PASTE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SOLDER PASTE MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLDER PASTE - GLOBAL MARKET OVERVIEW
6.2. SOLDER PASTE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SOLDER PASTE MARKET - REVENUE AND FORECASTS TO 2028 – PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. ROSIN-BASED PASTES
7.3.1. Overview
7.3.2. Rosin-Based Pastes Market Forecast and Analysis
7.4. WATER SOLUBLE PASTES
7.4.1. Overview
7.4.2. Water Soluble Pastes Market Forecast and Analysis
7.5. NO-CLEAN PASTES
7.5.1. Overview
7.5.2. No-clean Pastes Market Forecast and Analysis
8. SOLDER PASTE MARKET - REVENUE AND FORECASTS TO 2028 – APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. SMT ASSEMBLY
8.3.1. Overview
8.3.2. SMT Assembly Market Forecast and Analysis
8.4. SEMICONDUCTOR PACKAGING
8.4.1. Overview
8.4.2. Semiconductor Packaging Market Forecast and Analysis
8.5. CONSUMER ELECTRONICS
8.5.1. Overview
8.5.2. Consumer Electronics Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SOLDER PASTE MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Solder Paste Market Overview
9.1.2 North America Solder Paste Market Forecasts and Analysis
9.1.3 North America Solder Paste Market Forecasts and Analysis - By Product Type
9.1.4 North America Solder Paste Market Forecasts and Analysis - By Application
9.1.5 North America Solder Paste Market Forecasts and Analysis - By Countries
9.1.5.1 United States Solder Paste Market
9.1.5.1.1 United States Solder Paste Market by Product Type
9.1.5.1.2 United States Solder Paste Market by Application
9.1.5.2 Canada Solder Paste Market
9.1.5.2.1 Canada Solder Paste Market by Product Type
9.1.5.2.2 Canada Solder Paste Market by Application
9.1.5.3 Mexico Solder Paste Market
9.1.5.3.1 Mexico Solder Paste Market by Product Type
9.1.5.3.2 Mexico Solder Paste Market by Application
9.2. EUROPE
9.2.1 Europe Solder Paste Market Overview
9.2.2 Europe Solder Paste Market Forecasts and Analysis
9.2.3 Europe Solder Paste Market Forecasts and Analysis - By Product Type
9.2.4 Europe Solder Paste Market Forecasts and Analysis - By Application
9.2.5 Europe Solder Paste Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Solder Paste Market
9.2.5.1.1 Germany Solder Paste Market by Product Type
9.2.5.1.2 Germany Solder Paste Market by Application
9.2.5.2 France Solder Paste Market
9.2.5.2.1 France Solder Paste Market by Product Type
9.2.5.2.2 France Solder Paste Market by Application
9.2.5.3 Italy Solder Paste Market
9.2.5.3.1 Italy Solder Paste Market by Product Type
9.2.5.3.2 Italy Solder Paste Market by Application
9.2.5.4 United Kingdom Solder Paste Market
9.2.5.4.1 United Kingdom Solder Paste Market by Product Type
9.2.5.4.2 United Kingdom Solder Paste Market by Application
9.2.5.5 Russia Solder Paste Market
9.2.5.5.1 Russia Solder Paste Market by Product Type
9.2.5.5.2 Russia Solder Paste Market by Application
9.2.5.6 Rest of Europe Solder Paste Market
9.2.5.6.1 Rest of Europe Solder Paste Market by Product Type
9.2.5.6.2 Rest of Europe Solder Paste Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Solder Paste Market Overview
9.3.2 Asia-Pacific Solder Paste Market Forecasts and Analysis
9.3.3 Asia-Pacific Solder Paste Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Solder Paste Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Solder Paste Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Solder Paste Market
9.3.5.1.1 Australia Solder Paste Market by Product Type
9.3.5.1.2 Australia Solder Paste Market by Application
9.3.5.2 China Solder Paste Market
9.3.5.2.1 China Solder Paste Market by Product Type
9.3.5.2.2 China Solder Paste Market by Application
9.3.5.3 India Solder Paste Market
9.3.5.3.1 India Solder Paste Market by Product Type
9.3.5.3.2 India Solder Paste Market by Application
9.3.5.4 Japan Solder Paste Market
9.3.5.4.1 Japan Solder Paste Market by Product Type
9.3.5.4.2 Japan Solder Paste Market by Application
9.3.5.5 South Korea Solder Paste Market
9.3.5.5.1 South Korea Solder Paste Market by Product Type
9.3.5.5.2 South Korea Solder Paste Market by Application
9.3.5.6 Rest of Asia-Pacific Solder Paste Market
9.3.5.6.1 Rest of Asia-Pacific Solder Paste Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Solder Paste Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Solder Paste Market Overview
9.4.2 Middle East and Africa Solder Paste Market Forecasts and Analysis
9.4.3 Middle East and Africa Solder Paste Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Solder Paste Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Solder Paste Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Solder Paste Market
9.4.5.1.1 South Africa Solder Paste Market by Product Type
9.4.5.1.2 South Africa Solder Paste Market by Application
9.4.5.2 Saudi Arabia Solder Paste Market
9.4.5.2.1 Saudi Arabia Solder Paste Market by Product Type
9.4.5.2.2 Saudi Arabia Solder Paste Market by Application
9.4.5.3 U.A.E Solder Paste Market
9.4.5.3.1 U.A.E Solder Paste Market by Product Type
9.4.5.3.2 U.A.E Solder Paste Market by Application
9.4.5.4 Rest of Middle East and Africa Solder Paste Market
9.4.5.4.1 Rest of Middle East and Africa Solder Paste Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Solder Paste Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Solder Paste Market Overview
9.5.2 South and Central America Solder Paste Market Forecasts and Analysis
9.5.3 South and Central America Solder Paste Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Solder Paste Market Forecasts and Analysis - By Application
9.5.5 South and Central America Solder Paste Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Solder Paste Market
9.5.5.1.1 Brazil Solder Paste Market by Product Type
9.5.5.1.2 Brazil Solder Paste Market by Application
9.5.5.2 Argentina Solder Paste Market
9.5.5.2.1 Argentina Solder Paste Market by Product Type
9.5.5.2.2 Argentina Solder Paste Market by Application
9.5.5.3 Rest of South and Central America Solder Paste Market
9.5.5.3.1 Rest of South and Central America Solder Paste Market by Product Type
9.5.5.3.2 Rest of South and Central America Solder Paste Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL SOLDER PASTE MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. SOLDER PASTE MARKET, KEY COMPANY PROFILES
12.1. AIM METALS AND ALLOYS LP
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. HENKEL CORPORATION
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. INDIUM CORPORATION
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. INVENTEC
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. KESTER
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. KOKI COMPANY LTD.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MACDERMID ALPHA ELECTRONICS SOLUTIONS
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. NIHON SUPERIOR CO., LTD.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SENJU METAL INDUSTRY CO., LTD.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TAMURA CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
- AIM Metals & Alloys LP
- Henkel Corporation
- Indium Corporation
- Inventec
- Kester
- KOKI Company Ltd.
- MacDermid Alpha Electronics Solutions
- Nihon Superior Co., Ltd.
- Senju Metal Industry Co., Ltd.
- TAMURA Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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