Solder Flux Market Analysis

Solder Flux Market Analysis

Based on product type, solder flux market is segmented into rosin-based flux, water soluble flux and no-clean flux. In 2019, rosin-based flux held the largest market share of around 50% in 2019. Rosin-based flux is classified into three types­ rosin-based flux-Rosin (R), Rosin Mildly Activated (RMA), and Rosin Activated (RA). Rosin flux is typically used for cleaning surfaces which are already clean without leaving no residue behind.
 

This resin is non-conductive, hard, and corrosion-resistant, thus garnering the highest solder flux market share. RA has the highest cleaning ability, however, can leave a substantial amount of residue behind. In electronics, these residues can lead to failures in harsh environments., Thus it is expected to lose its share to no-clean product type in the forecast timeframe.
 

On the basis of sectors, the solder flux market is segmented into consumer electronics, automotive, telecommunication and others which include industrial electronics, military, etc. The consumer electronics sector garnered the highest market share in 2019 and was valued over USD 100 million. This is mainly attributed to the rising popularity of PCBs in consumer electronics such as mobile phones, computers, home appliances, etc.
 

Product finds usage in cleaning the surface of PCB before the soldering process. It helps in deoxidizing metals (Copper tracks on the PCB) and helps in removing any impurities, thereby enhancing soldering and wetting operations. Positive outlook for electronic components in consumer electronics across the globe spurs the PCB demand, thus driving the product consumption.
 

The Asia Pacific is the largest and the fastest-growing regional market accounting for almost 70% in 2019. Asia Pacific is the hub for electronic components and consumer electronic sectors, with China as the leading country in electronics, with a market size of nearly USD 1,685 billion in 2016. Also, the region held around 3/4^th of the PCB market in 2019 owing to the presence of large number of semiconductor companies and growing popularity of smartphones, tablets, laptops, etc.
 

China is the market leader in consumer electronics and was valued at over USD 130 billion in 2019 due to the upsurge in the demand for home appliances, smart devices, televisions. Countries such as China, South Korea, Malaysia, and Japan, were some of the top countries in electronic component exports in 2019. Thus, positive outlook for electronic industry in the region is expected to surge the production of PCB and other electronic components, thus positively influencing the solder flux market.