Middle East and Africa Solder Materials Market is expected to reach US$ 99.23 Mn in 2030

Wire Segment to Dominate Middle East and Africa Solder Materials Market during 2020–2030

According to a new market research study on “MEA Solder Materials Market to 2030 – Covid-19 Impact and Analysis - By Product (Wire, Paste, Bar, Flux, and Others), and Process (Screen-printing, Robotic, Laser, Wave/Reflow),” is expected to reach US$ 99.23 million by 2030 from US$ 72.42 million in 2019. The market is estimated to grow at a CAGR of 3.0% from 2020 to 2030. The report provides trends prevailing in the MEA solder material market along with the drivers and restraints pertaining to the market growth. Availability of various products as well as an increase in demand from the electronic industry is going to drive the MEA solder materials market. However, issues associated with imposition of various regulations by authorities on solder materials may hinder the growth of MEA solder materials market.

The market for MEA solder materials market is segmented into product, process and country. Based on product, the market is segmented into wire, paste, flux, bar and others. In 2019, the wire segment held the largest share in MEA solder materials market. Based on process the MEA solder materials market is divided into wave/reflow, screen printing, laser, and robotic. Robotic is expected to be the fastest growing segment over the forecast period. Furthermore in this present scenario of COVID 19 pandemic, the MEA solder materials market has been facing difficulties as most of the industries are facing severe impacts by the outbreak of COVID-19, and the virus critically affected several countries such as Saudi Arabia, and UAE among others. The majority of the countries have imposed lockdown or restricted human movement causing the industries to face a severe impact on production as a result of less labor footfall.

Fusion Incorporated, Indium Corporation, Kester, KOKI Company Ltd, and Stannol GmbH & Co. KG, are among the leading companies in the MEA solder materials market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, US solder producer Kester announced the acquisition by Element Solutions Inc. (ESI), the owner of MacDermid Alpha.

MEA Solder Materials Market, By Country, 2019 and 2030 (%)

The report segments the MEA solder materials market as follows:

MEA solder materials market, by Product

• Wire
• Paste
• Bar
• Flux
• Others

MEA solder materials market, by Process

• Screen-Printing
• Robotic
• Laser
• Wave/Reflow

MEA solder materials market – By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA