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Solder Flux Market - by Product (Rosin-Based, Water Soluble, No-Clean), By Sector (Consumer Electronics, Automotive, Telecommunication) & Forecast, 2024-2032
Report ID: GMI4660
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Published Date: May 2020
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 9
Tables & Figures: 172
Countries covered: 22
Pages: 200
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Solder Flux Market Size
Solder Flux Market size achieved USD 225 million in 2023 and will grow at 6% CAGR from 2024 to 2032. Proliferating electronics industry coupled with surging demand for PCB is expected to trigger the growth of global market.
The market is witnessing strong growth, propelled by heightened demand across the electronics, automotive, and consumer goods sectors. Notable trends include the surge in adoption of advanced soldering technologies, particularly lead-free and no-clean fluxes, which not only comply with stringent environmental regulations but also bolster reliability. Furthermore, innovations in flux formulations are not only enhancing performance but also broadening their applications.
The industry's shift towards miniaturization and automation, especially in electronics, is further amplifying this demand. Emerging economies, expanding their manufacturing capabilities, are also playing a pivotal role in this market growth. In response to evolving regulatory standards and consumer expectations, companies are increasingly prioritizing sustainable practices, notably by developing eco-friendly fluxes. With these technological advancements and rising industry demands, the market is set for consistent growth.
As per capita income rises and the appetite for gadgets like mobile phones, tablets, and laptops grows, the demand for consumer electronics surges. Leading the charge in the consumer electronics arena are countries like China, the U.S., India, Brazil, and Japan. Soldering flux finds its primary application in soldering tasks, especially in Printed Circuit Boards (PCBs) assembly, wire tinning, and component lead tinning. This pivotal role in electronics, especially with the rising electronic business, underscores the growing demand for soldering and, consequently, the solder flux market.
PCBs, foundational to nearly every electronic device, are indispensable in electronic components. While various industries utilize PCBs, the consumer electronics sector stands out as the predominant user. The surging appetite for wearable devices and flexible circuits fuels PCB demand. Furthermore, the increasing embrace of automation across industries, paired with the trend of miniaturizing devices, propels the growth of circuit boards.
Solder Flux Market Trends
Countless individuals rely on consumer electronics, from laptops to microwaves, all housing circuit boards. These PCBs, with their metal surfaces exposed to air, are prone to oxide and impurity formation. Such impurities can hinder the creation of quality solder joints.
Enter solder flux: it cleans the PCB surface, removing pesky metal oxides and preventing re-oxidation during soldering by adjusting the molten solder's surface tension. Hence, as PCB production ramps up, so does the market.
Yet, challenges loom. Rosin-based fluxes, while commonly used, emit visible fumes during soldering. These fumes pose health risks, potentially leading to skin sensitization and respiratory issues like asthma. Such concerns elevate Rosin to the status of a significant occupational health hazard. In response, the Occupational Safety and Health Administration (OSHA) has instituted strict regulations on its use, confining it to controlled areas and, in turn, dampening the market's demand.
Solder Flux Market Analysis
Rosin based segment will capture USD 139.5 million and demonstrate a 4.4% CAGR till 2032. The solder flux industry is experiencing significant growth across diverse product segments, notably rosin-based, water-soluble, and no-clean fluxes. Rosin-based flux continues to be a mainstay, celebrated for its reliability and performance in traditional soldering tasks. In contrast, water-soluble fluxes are emerging as favorites, thanks to their enhanced cleaning capabilities and diminished post-soldering residues, catering to the industry's push for cleaner and more efficient manufacturing.
Meanwhile, no-clean fluxes are witnessing a surge, largely due to their convenience and the rising demand for minimal cleanup in high-precision electronics. Furthermore, the industry's pivot towards lead-free and eco-friendly solutions is accelerating the uptake of these flux types, driven by a commitment to environmental compliance. Global expansions in the electronics and automotive sectors, coupled with innovations in flux formulations, are fueling growth across all segments, with a pronounced focus on sustainability and performance.
Consumer electronics segment held a 42% market share in 2023, amounting to USD 94.7 million, and is projected to grow at a 5.5% CAGR from 2024 to 2032. The solder flux market is witnessing robust growth, propelled by demand from sectors like consumer electronics, automotive, telecommunications, and more. The consumer electronics sector stands out, holding a significant market share, driven by the rising demand for advanced soldering solutions in cutting-edge devices. Meanwhile, the automotive industry's drive for reliable and efficient electronic systems is fueling growth, especially for fluxes catering to miniaturized and high-performance components.
Telecommunications, bolstered by increased investments in infrastructure and devices, underscores the need for advanced solder flux technologies. Furthermore, the "others" segment—spanning applications from industrial machinery to medical devices—is on the rise as these sectors embrace sophisticated soldering solutions. In summary, the market is trending towards high-performance, eco-friendly fluxes, with growth momentum fueled by technological advancements and specific sector demands.
The growing popularity of PCBs in consumer electronics, including mobile phones, computers, and home appliances, primarily drives this trend.
The product is used to clean PCB surfaces before soldering. It deoxidizes metals, such as copper tracks on the PCB, and removes impurities, enhancing both soldering and wetting operations. A positive outlook for electronic components in global consumer electronics boosts PCB demand, subsequently driving product consumption.
Asia Pacific solder flux market is projected to achieve USD 232 million, with a CAGR of 7.3% from 2024 to 2032. Asia Pacific stands as the epicentre for electronic components and consumer electronics, with China at the forefront. In 2023, China's electronics market boasts a valuation of approximately USD 1.82 trillion, underscoring its sustained dominance. In 2022, the region commanded roughly three-quarters of the PCB market, fueled by a multitude of semiconductor companies and the surging popularity of smartphones, tablets, and laptops.
China's leadership in consumer electronics is evident, with its market surpassing USD 150 billion in 2023, driven by robust demand for home appliances, smart devices, and televisions. Key players like China, South Korea, Malaysia, and Japan stand out as major exporters of electronic components. Given the optimistic outlook for the region's electronics industry, production of PCBs and other electronic components is set to rise, subsequently benefiting the market.
Solder Flux Market Share
Companies include, Henkel is renowned for its innovative solder flux solutions, including advanced no-clean and lead-free fluxes, enhancing performance and reliability in electronics. Premier Industries offers a diverse range of flux products tailored for various applications, emphasizing high-quality and cost-effective solutions. MacDermid Alpha Electronics Solutions provides a comprehensive portfolio of fluxes that support advanced soldering technologies and high-reliability applications. Indium Corporation is known for its specialized flux formulations and commitment to research, offering fluxes that cater to demanding industry standards. Inventec Performance Chemicals delivers high-performance fluxes and emphasizes sustainability, developing eco-friendly solutions that meet evolving regulatory requirements.
Together, these companies drive innovation, performance, and sustainability in the market, addressing the diverse needs of the electronics and automotive sectors.
Solder Flux Market Companies
Top companies operating in the solder flux industry include:
Solder Flux Industry News
May 2022: Kester introduced the ALPHA HRL3 Solder Sphere, a lead-free alloy tailored for high reliability and low-temperature ball mount applications. This new alloy boasts enhanced performance against drop shock and thermal cycling when compared to other low-temperature alloys currently available in the market.
The solder flux market research report includes in-depth coverage of the industry, with estimates and forecasts in terms of revenue and volume (USD Billion) (Tons) from 2024 to 2032, for the following segments:
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Market, By Product
Market, By Sector
The above information is provided for the following regions and countries: