Global Solder Market Will Touch Valuation of US$6437.09 mn by 2025

Publisher: QYResearch
Published Date: 2019/8/1

The global solder market will witness significant growth due to the growing demand for smart electronics and the advent of energy-efficient electronics. The increasing advancements in the soldering techniques through the automation process will propel the growth of the market in the years to come. The automation in the soldering process has decreased the human intervention, which has resulted in increased energy-efficiency. In addition, an introduction of lead-free solders because of the stringent government regulation against the lead toxicity is estimated to fuel the growth of the solders market over the forecast period.

Moreover, the growing usage of solid-state semiconductor technologies in industrial and consumer applications are also expanding the demand for solders in the coming years.

However, the use of non-patented alloys, which may hamper the quality of the product is creating a negative impact on market growth.

According to this report, the global solder market is estimated to grow to US$6437.09 mn by 2025 from US$5827.46 mn in 2018. The market will register a CAGR of 1.72% throughout the forecast period.

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https://www.qyresearch.com/index/detail/1214046/global-solder-market
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