Liquid Flux Market
Liquid Flux Market Analysis by Base (Water-based, Alcohol-based Liquid Flux), by Flux (No Clean Liquid Flux, Water Soluble Liquid Flux), by Application (SMT Assemblies, Semiconductor Packaging, Rework), by End-Use & by Region – Global Insights to 2033
Analysis of Liquid Flux Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Liquid Flux Market Growth Outlook (2023 to 2033)
The global liquid flux market is set to estimate a valuation of US$ 185.6 million in 2023 and it is expected to grow at a CAGR of 7.1% to reach US$ 380.8 million by the end of 2033.
Liquid flux is a material used in soldering processes to facilitate the wetting and bonding of the solder to the surfaces being joined. It is applied to the soldering area prior to soldering to remove oxides, contaminants, and surface impurities, ensuring a clean and reliable solder joint. Flux also helps in heat transfer and prevents the reformation of oxides during the soldering process.
Estimated Market Value (2023E)
US$ 185.6 Million
Forecasted Market Value (2033F)
US$ 380.8 Million
Global Market Growth Rate (2023-2033)
North America Market Share (2023)
East Asia Market Growth Rate (2023-2033)
China Market Growth Rate (2023-2033)
Key Companies Profiled
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Historic and Future Path for Liquid Flux Market
The liquid flux market has experienced significant growth and plays a crucial role in various industries where electronic components are utilized. Liquid flux is an essential component in soldering processes, aiding in the creation of reliable and high-quality solder joints. It achieves this by effectively removing surface impurities and facilitating the wetting and bonding of solder.
The demand for liquid flux is growing due to the increasing use of electronic components in sectors such as automotive, telecommunications, consumer electronics, and industrial applications. As these industries continue to integrate electronic components into their products, the need for precise and efficient soldering processes becomes paramount.
- Short Term (2023-2026): The growing adoption of electronic components across various industries is a primary driver of the liquid flux market's growth. As electronic devices become more prevalent in sectors like automotive, telecommunications, and consumer electronics, the demand for liquid flux to ensure reliable soldering connections rises accordingly.
- Medium Term (2026-2029): Reliable solder joints are essential for the optimal performance and longevity of electronic devices. Liquid flux plays a critical role in achieving high-quality solder joints by removing surface impurities and facilitating solder wetting and bonding. The increasing demand for high-quality solder joints drives the growth of the liquid flux market as manufacturers prioritize the use of flux to ensure the reliability of their products.
- Long Term (2029-2033): Ongoing research and development efforts by flux manufacturers have led to the introduction of advanced flux formulations. These formulations offer improved wetting properties, enhanced reliability, and reduced residue, meeting the evolving needs of the electronics industry. Technological progress in flux formulations drives the growth of the liquid flux market by providing better solutions for soldering processes.
Market Dynamics Outlook
“Thriving Semiconductor Industry Drives Liquid Flux Demand”
The semiconductor industry plays a vital role in various sectors, including electronics, telecommunications, automotive, healthcare, and many others. As the demand for semiconductor-based devices continues to rise, so does the need for efficient and reliable soldering processes, where liquid flux plays a critical role.
The expanding semiconductor industry translates to higher production volumes of semiconductors and electronic components. These components require soldering during their manufacturing processes, creating a surge in the demand for liquid flux to ensure reliable and high-quality solder joints.
Further, the packaging of semiconductors has evolved significantly, with various packaging technologies such as flip-chip, ball grid array (BGA), and chip scale packages becoming commonplace. These advanced packaging techniques often involve more complex soldering processes, necessitating the use of liquid flux to ensure proper wetting, bonding, and reliability. The growing adoption of advanced packaging techniques in the semiconductor industry contributes to the increased demand for liquid flux.
“Factors Restraining the Liquid Flux Market Growth”
In certain applications or industries, alternative joining methods like laser welding or adhesive bonding to replace traditional soldering processes. These methods offer advantages such as higher precision, lower thermal stress, or improved mechanical strength. The adoption of alternative joining methods to limit the demand for liquid flux in specific applications, restraining market growth.
The increasing automation in manufacturing processes, including soldering, reduces the reliance on manual labor and improves efficiency. Automated soldering processes, such as selective soldering or robotic soldering, requires less flux usage or eliminate the need for manual flux application. This limits the growth potential of the liquid flux market, particularly in industries that heavily adopt automation.
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Why the Demand for Liquid Flux is High across the US?
US automobile industry is valued at over US$ 100 billion in 2022. The presence of the leading automobile manufacturing companies in the US such as Tesla, Ford, and GM Motors to create high demand for liquid flux in the coming years as it is widely used in the automotive industry for soldering radiators, electronics, and wire harnesses to general brazing work, welding muffler tubes and in batteries. Increasing demand for e-vehicles in the US is further likely to boost the demand for liquid flux in the coming years. Other end-use industries such as aerospace and defence, and electronics will support the growth of the liquid flux market.
Will South Korea Create High Demand for Liquid Flux?
The South Korean is one of the largest semiconductor-producing countries across the globe. In 2021, South Korea’s semiconductor export was over US$ 600 billion. This is anticipated to boost the demand for liquid flux in the coming years.
Liquid flux is widely used to prepare semiconductor surfaces for soldering and to remove any foreign particles that can affect the quality of the end product. Semiconductors are considered the most essential component in electronic devices, enabling advances in computing, healthcare, transportation, clean energy, communication, and much more application. This is projected to create high demand for the liquid flux in the coming years.
Why Demand for Water-based Liquid Flux is Gaining Traction?
Water-based liquid fluxes are considered more environmentally friendly compared to traditional fluxes that contain volatile organic compounds (VOCs) and other harmful chemicals. As there is growing awareness and emphasis on sustainable practices, many industries and individuals are opting for water-based alternatives to reduce their ecological impact.
Additionally, governments and regulatory bodies are increasingly imposing stricter regulations on the use of hazardous substances, including fluxes containing VOCs. Water-based fluxes align with these regulations and provide a safer and more compliant option for various applications.
Water-based fluxes have made significant advancements in recent years, improving their performance and reliability. They offer excellent wetting properties, which facilitate the formation of strong solder joints and improve overall soldering quality. Such factors are likely to drive the liquid flux market growth in the coming years.
How SMT Assembly Application Will Create High Demand for Liquid Flux?
Surface mount technology is originally called planar mounting. This process is helpful in assembling electrical components on the surface of a printed circuit board. It generally includes various packaging steps, ranging from die preparation, die attachment, encapsulation, and lead trimming & finishing process.
Selective soldering machines in semiconductor mount assembly operations are the primary consumers of liquid flux requiring over 1 liter of liquid flux to be the operational entire day. Most consumer electronics products involve sophisticated electronic components, and continuous mounting of semiconductors requires a liquid flux supply, ensuring a solid connection between PCBs and semiconductors without any corrosion or foreign particle in between. This is anticipated to boost the demand for liquid flux in the coming years.
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Market Titans Key Strategies
Liquid flux market prominent players are AIM Solder, Alpha Assembly Solution, Canfield Technologies, Henkel Adhesives Technologies, Indium Corporation, Kester, MG Chemicals, The Harris Product Group, and Warton Metals
Manufacturing companies in the liquid flux market are focusing on increasing production capacity to meet the growing demand for liquid flux across different end-use industries. Companies have applied inorganic strategies such as mergers & acquisitions to improve their product portfolio in the liquid flux segment. Manufacturers are maintaining a good relationship with the electrical equipment manufacturers, as the electrical industry requires the highest amount of liquid flux.
Fact.MR has provided detailed information about the price points of key manufacturers of liquid flux positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Liquid Flux Industry Research
By Base :
- Rosin Containing
- Rosin Free
By Flux :
- No Clean
- Water Soluble
By Application :
- SMT assemblies
- Selective Soldering
- Wave Soldering
- Semiconductor Packaging
- SMT assemblies
By End-use Industry :
- Electronics & Communication
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- FAQs -
The global liquid flux market is estimated to reach a valuation of US$ 185.6 million in 2023.
Alcohol-based liquid flux is projected to hold a market share of 77.4% in the year 2022.
Water-based liquid flux is likely to grow at a CAGR of 5.7% during the forecast period.
No clean liquid flux has a market share of 62.4% in 2022 and is likely to grow at a rate of 7.6% during the forecast period.
South Asia and Oceania are likely to grow at a CAGR of 9.6% during the forecast period.