Report : Europe Solder Materials Market Forecast to 2030 - COVID-19 Impact and Regional Analysis By Product (Wire, Paste, Bar, Flux, and Others), and Process (Screen-printing, Robotic, Laser, Wave/Reflow)
Wire Segment to Dominate Europe Solder Materials Market during 2020–2030
According to The Insight Partners market research study on “Europe Solder Materials Market to 2027 – Covid-19 Impact and Analysis - By Product (Wire, Paste, Bar, Flux, and Others), and Process (Screen-printing, Robotic, Laser, Wave/Reflow),” is expected to reach US$ 408.21 Mn by 2030 from US$ 272.36 Mn in 2019. The market is estimated to grow at a CAGR of 3.8% from 2020 to 2030. The report provides trends prevailing in the Europe solder material market along with the drivers and restraints pertaining to the market growth. The increasing demand from the electronic industry and the availability of various solder products are the major factors driving the growth of the Europe solder materials market. However, issues associated with regulations by various authorities on solder materials may hinder the growth of Europe solder materials market.
The market for Europe solder materials market is segmented into product, process and country. Based on product, the market is segmented into wire, paste, flux, bar and others. In 2019, the wire segment held the largest share in Europe solder materials market. Based on process the Europe solder materials market is divided into wave/reflow, screen printing, laser, and robotic. Robotic is expected to be the fastest growing segment over the forecast period. Furthermore in this present scenario of COVID 19 pandemic, the Europe solder materials market has been facing difficulties as most of the industries are facing severe impacts by the outbreak of COVID-19, and the virus critically affected several countries such as Italy, Spain, the UK, France, and Germany, among others. The majority of the countries have imposed lockdown or restricted human movement causing the industries to face a severe impact on production as a result of less labor footfall.
Fusion Incorporated, Indium Corporation, Kester, KOKI Company Ltd., Lucas-Mihaupt Inc., Qualitek International Inc., Senju Metal Industry Co., Ltd., Stannol GmbH and Co. KG, Tamura Corporation, and Nihon Genma are among the leading companies in the Europe solder materials market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, solder producer Kester announced the acquisition by Element Solutions Inc. (ESI), the owner of MacDermid Alpha.
Europe Solder Materials Market, By Country, 2019 and 2030 (%)
The report segments the Europe solder materials market as follows:
Europe solder materials market, by Product
Europe solder materials market, by Process
Europe solder materials market – By Country