The global solder balls market is benefitting tremendously with the expansion of the automotive and electronics sector. Rapid industrialization and economic development in several parts of the world have led to an improved standard of living.
Albany, NY -- (SBWIRE) -- 10/30/2017 -- Characterized by the presence of a handful of participants, the global solder balls market is largely consolidated yet competitive, states a new report by Transparency Market Research (TMR). Some of the prominent players in the global solder balls market are Duksan Metal Co. Ltd., Indium Corporation, Hitachi Metals Nanotech Co. Ltd., Senju Metal Industry Co. Ltd., and Nippon Micrometal Corporation.
According to the research report, the worldwide market for solder balls is envisaged to post a CAGR of 6.3% for the forecast period between 2017 and 2025. By the end of the forecast period in 2025, the market could collect a revenue of US$323.7 mn, a progress from its evaluated worth of US$187.1 mn in 2016.
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Amongst the key alloy type segments, lead free solder balls accounted for the leading share in the market in 2016. Based on solder type, the segment of non-eutectic solder balls led the market in 2016. In terms of size type, 400um and above segment accounted for the leading share of the market in 2016. Solder balls of 400um and above sizes find widespread applications in automotive and electronics segments.
Asia Pacific held the leading share of the market in terms of revenue in 2016. The region is anticipated to display a leading CAGR between 2017 and 2025 amongst other key regions for solder balls.
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The growth of the solder balls market is primarily driven by the expansion of the industrial sector across several parts of the world. In the last few years, rapid growth has been observed in the automotive and electronics industry predominantly in emerging economies such as China and India. Rapid industrialization and economic development have led to an improved standard of living of people in these economies. Consequently, there is an increased demand for high quality and environmental friendly electronics and automotive products. This is directly influencing the demand for solder balls to be used in the electronics and automotive sector.
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Solder balls find extensive applications in the industrial sector. The physical properties of a solder ball, which is either placed manually or by an automated equipment, facilitates the soldering process. The use of solder balls in soldering process also increases contact reliability in packaging. Demand for technologically developed solders that deliver high level of technical performance is on the rise. This is because products that are developed using high-performance solder balls are high in quality and are high in performance. Leading manufacturers of solder balls have created teams with technical expertise that are focused on developing cost-effective solder balls with improved appearance and performance and have low impact on the ambient environment.
On the down side, the availability of low-toxic substitutes is proving to be a roadblock to the market's growth. Restrictions imposed by several governments to address the environmental concerns associated with discharge of lead in the environment is also providing headwinds to the market's growth. This has led companies to manufacture lead free solder balls so as to abide by restrictions for the discharge of lead in these nations.
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