At 5.4% CAGR, the Europe Soldering in Electronics Assembly Market is projected to be worth US$ 538.92 million by 2028, says The Business Market Insights     

According to the Business Market Insights’ research, the Europe soldering in electronics assembly market was valued at US$ 414.02 million in 2023 and is expected to reach US$ 538.92 million by 2028, registering a CAGR of 5.4% from 2023 to 2028. Growth of electronic industry and new product developments are the critical factors attributed to the Europe soldering in electronics assembly market expansion.          

With the growing electronic industry, there is a demand for connecting materials with better thermal conductivity and reduced electrical resistivity. Enhanced features of connectivity materials improve the performance of electronic devices and components. Therefore, due to the rising demand for soldering products, market players are engaged in developing new solder products that offer improved performance and enhanced process efficiency. Some of the new product launches have been done by market players in recent years. For instance, in March 2021, MacDermid Alpha Electronics Solutions unveiled ALPHA OM-220, an ultra-low temperature solder pastes capable of soldering heat-sensitive components. This paste exhibits excellent electrical reliability and low voiding characteristics. It can be used in various applications, such as consumer electronics, automotive, and medical devices. Similarly, In October 2022, KOKI Company Ltd unveiled S3X58-HF1100-3, a halogen-free solder pastes with multi-feature soldering. This solder paste incorporates powerful wetting and flux coagulation techniques, improving the overall soldering performance and making it ideal for general-purpose applications. Such product developments are contributing to the demand for technologically improved products, further propelling the Europe soldering in electronics assembly market growth.   

On the contrary, increased cost of raw materials hurdles the growth of Europe soldering in electronics assembly market.  

Based on the product, the Europe soldering in electronics assembly market is segmented into wire, paste, bar, flux, and others. The wire segment held 38.0% share of Europe soldering in electronics assembly market in 2023, amassing US$ 157.40 million. It is projected to garner US$ 216.18 million by 2028 to expand at 6.6% CAGR during 2023–2028.      

Based on country, the Europe soldering in electronics assembly market has been categorized into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 30.2% share of Europe soldering in electronics assembly market in 2023. It was assessed at US$ 125.11 million in 2023 and is likely to hit US$ 153.81 million by 2028, exhibiting a CAGR of 4.2% during the forecast period.             

Key players dominating the Europe soldering in electronics assembly market are AIM Metals & Alloys LP, Fusion Inc, GENMA Europe GmbH, Indium Corp, KOKI Co Ltd, Lucas-Milhaupt Inc, MacDermid Alpha Electronics Solutions, and Superior Flux & Manufacturing Co among others.      

• In 2021, Soldering equipment manufacturer Weller launched a new soldering station, the WXMT Micro-Soldering Station, which is designed for precision soldering on small components like mobile phone connectors and flex cables.        
• In 2020, Soldering equipment manufacturer Metcal launched a new soldering and rework system, the CV-5200 Connection Validation Soldering System, which uses advanced software and sensors to ensure consistent and reliable solder joints. 

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