Zion Market Research, the market research group announced the analysis report titled "Solder Flux Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024".
Sarasota, FL -- (SBWIRE) -- 02/10/2018 -- Global Solder Flux Market: Overview
Solder flux responds in a particular way with a layer of oxide; it removes dirt from metal surfaces, thus giving a superior solder bond surface. Flux leftovers on the metal surface during soldering forbid the formation of supplementary oxides because of high heat. Solder flux is mainly utilized in printed surface-mount devices, circuit boards, semiconductors, BGAs, and so on. It is utilized to repair or rework on surface-mount devices and BGA. The end result of considerable lead-free solder flux production is anticipated to be the decrease in low-grade solder flux products production and increase in high-grade solder flux production. Lead is a major component of the customary process of soldering. Increasing lead amount in the environment has become an important topic of discussion. Hence, several countries globally have opted lead-free soldering.
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Global Solder Flux Market: Growth Factors
The global solder flux market is majorly impacted in a positive way by the strong increase in the PCB (printed circuit board) manufacturing, boosted by the growing mobile phones and computers production all around the world. Also, a noteworthy growth in the automotive and the semiconductor sectors is positively impacting the solder flux sales, thus enhancing the growth of the global solder flux market. On the other hand, easy PCB design software accessibility and tariffs difference for different regions is anticipated to restrict the growth of the global solder flux market in the years to come. Nevertheless, the tariff decrease from solder flux is expected to enhance its demand globally in the near future.
Global Solder Flux Market: Segmentation
The global solder flux market is segmented on the basis of type and application. Based on the type, the global solder flux market is bifurcated as no-clean, water-soluble, and others. On the basis of application, the global solder flux market is classified as BGAs (ball grid arrays) and others. Solder flux has a major application in BGAs and numerous equipment including surface-mounted devices and flip chip. They are the major solder flux consumers and are expected to continue this trend in the near future. Since BGA is used in PCBs of semiconductor and electronics products, growing electronics demand globally is anticipated to enhance the consumption of BGA in future, thus resulting in increased solder flux demand in the market.
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Global Solder Flux Market: Regional Analysis
The Asia Pacific is anticipated to be the major player in the global solder flux market. This trend is followed by North America and Europe. The global solder flux market is significantly growing mainly due to electronics and automotive industries fast growth. Swiftly changing people's lifestyles results in the semiconductors and electronics industry growth, thus boosting the growth of the global solder flux market in future. In addition, it is expected to be the highest growing solder flux market globally in the coming future. Emerging countries in the Asia Pacific is the leading consumers and manufacturer of solder flux.
Global Solder Flux Market: Competitive Players
The major players in the global solder flux market are Johnson Matthey, KOKI Company Ltd., Henkel AG & Company KGaA, Kester, Heraeus Holding, DUKSAN Hi-Metal Co., Ltd.
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