Middle East and Africa Solder Materials Market Forecast to 2030 – COVID-19 Impact and Analysis - by Product (Wire, Paste, Bar, Flux, and Others), and Process (Screen-printing, Robotic, Laser, Wave/Reflow)
Number of Pages: 69
Market Introduction
The Middle East & Africa region includes countries such as South Africa, Saudi Arabia, the UAE, and the rest of MEA. The solder materials are highly preferred in these regions. The electronics industry in the MEA is considered to be one of the fastest-growing sectors. The MEA is an evolving market for electronics owing to the increased demand for smart electronics products in the region. The market for MEA is experiencing rapid development with the growth of markets such as Dubai, Abu Dhabi, and Iran. These markets are expected to expand and stimulate the demand for solder materials. The demand for solder materials in the printed circuit boards is another reason that has been contributing to the expansion of the solder materials market in this region. New investment and better marketing strategies have led to the capture of market share in the MEA region. The market is highly dominated by the use of solder materials in the electronics industry, but with the growth of the market, the demand for solder materials as a PCB solder is also increasing.
Market Overview and Dynamics
The solder materials market in MEA is expected to grow from US$ 72.42 million in 2019 to US$ 99.23 million by 2030; it is estimated to grow at a CAGR of 3.0% from 2020 to 2030. Solder is basically a fusible metal alloy utilized to create a permanent bond between metal work pieces. Solder is melted in order to adhere to as well as connect the pieces together after cooling, which further requires that an alloy suitable for use as solder with a lower melting point than the pieces being joined. Over the years, an increase in spending toward R&D activities related to solder materials has been initiated by several research institutions, centers, and industries. Further, research on such materials is gaining momentum, which is attributable to their properties, such as toughness along with ductility, better strength, and high electrical conductivity, making them ideal for diversified industrial applications. The market for solder materials embarks numerous opportunities, and, therefore, manufacturers are continuously looking forward to aligning the use of these materials with different application bases. These continuous R&D initiatives is bolstering the growth of the MEA solder materials market.
COVID 19 pandemic has hampered the growth of the MEA solder materials market. Saudi Arabia has the largest COVID-19 cases in the Middle East and Africa region, and is followed by South Africa and UAE, among others. UAE was the first country in Middle East and Africa to report a confirmed case of COVID-19.
Key Market Segments
In terms of product, the wire segment accounted for the largest share of the MEA solder materials market in 2019. In terms of process, the wave/reflow segment held a larger market share of MEA solder materials market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the MEA solder materials market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Fusion Incorporated, Indium Corporation, Kester, KOKI Company Ltd., and Stannol GmbH & Co. KG.
Reasons to buy report
MEA SOLDER MATERIALS MARKET SEGMENTATION
MEA solder materials market, by Product
MEA solder materials market, by Process
MEA solder materials market – By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 72.42 Million |
| Market Size by 2030 | US$ 99.23 Million |
| CAGR (2020 - 2030) | 3.0% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2030 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa Solder Materials Market is valued at US$ 72.42 Million in 2019, it is projected to reach US$ 99.23 Million by 2030.
As per our report Middle East and Africa Solder Materials Market, the market size is valued at US$ 72.42 Million in 2019, projecting it to reach US$ 99.23 Million by 2030. This translates to a CAGR of approximately 3.0% during the forecast period.
The Middle East and Africa Solder Materials Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Solder Materials Market report:
The Middle East and Africa Solder Materials Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Solder Materials Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Solder Materials Market value chain can benefit from the information contained in a comprehensive market report.
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