Market Forecast By Product (Wire, Paste, Bar, Flux, Others), By Process (Wave/Reflow, Robotic, Screen Printing, Laser) And Competitive Landscape
Product Code: ETC428008 | Publication Date: Dec 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Bangladesh Solder Materials Market is expected to rise at a rapid pace rate in the coming years by the electronics and automotive sectors. The Bangladesh solder materials market is projected to grow owing to increasing demand for electronics products, rising investments in infrastructure development, and increasing adoption of advanced manufacturing technologies. However, the high cost of raw materials and low productivity hampering the Bangladesh Solder Materials Market growth.
According to 6Wresearch, Bangladesh Solder Materials Market is expected to grow during 2022-2028. The key drivers for the growth of Bangladesh Solder Materials Market are increased demand for electronic products, growing investments in infrastructure development, and increasing manufacturing capacity. The Bangladesh Solder Materials Market which is part of Asia-Pacific Solder Materials Market is projected to grow at highest CAGR during the forecast period mainly owing to the increasing demand for electronic components and other devices. Furthermore, the key issues and trends in the Bangladesh Solder Materials industry during the forecast period include increasing demand for electronic components and other devices in developed countries, increasing investments by leading players in research and development, technological innovations, and expansions into new markets. However, the Bangladesh Solder Materials industry is restrained by the high cost of raw materials and low productivity.
With the unparalleled outbreak of pandemic, the market for solder materials in Bangladesh which is major part of Asia-Pacific Solder Materials Market has been affected as the global pandemic affected economies and various industries due to lockdowns and supply chain breaks. The chemicals and solder materials industry were the worst affected during the crisis owing to the shutdown of businesses, cancellations of technology events, and with disrupted supply chains. Overall, the Bangladesh Solder Materials Market is affected by the COVID-19 pandemic mainly due to the slowdown in production, obstacles in supply solder materials, and the restrictions imposed by the government.
Based on Products, the market is divided into Wire, Paste, Bar, Flux, and Others. The Wire segment is accounted to dominate the Bangladesh Solder Materials Market share whereas Paste segment is expected to grow in the coming years.
Based on Process, the market is classified into Wave/Reflow, Robotic, Screen Printing, and Laser. The Wave/Reflow market segment is accounted to held the largest market share while Robotic is expected to held the highest CAGR during the forecast period.
The Bangladesh Solder Materials Market is dominated by small players who account for about XX% of total sales volume. The growth prospects of these players are mainly driven by increasing demand for electronic products in the country. This has resulted in limited competition among these operators which is supporting growth opportunities in this market segment. In addition, the Bangladesh is a major producer of solder materials. The market for these materials is expected to grow during the forecast period attributed to increasing demand from the electronics and information technology (IT) sectors. However, due to various factors such as increasing imports, the market share of these companies is expected to decline over the next few years. The market is dominated by small players, and there is a lack of awareness about solder materials among consumers which could hamper the market growth in the coming years.
The report offers a comprehensive study of the subsequent market segments:
By Product
By Process