Over the forecast period of 2021 to 2031, the global liquid flux market revenue is expected to grow at a notable CAGR of more than 7%. Over the assessment period, demand for alcohol-based liquid flux will remain high, with close to 80% market share. Liquid flux is mainly used to clean and prepare semiconductor surfaces for soldering, as well as to remove any foreign particles that could degrade solder efficiency. Liquid flux is used in a variety of sectors, including transportation, aerospace and defence, and electronics and communication.
Global liquid flux market is divided into four categories: foundation, flux, application, and end-use, with all possible factors taken into account. The report’s main goal is to provide information on the market situation, demand generators, and technological developments in this sector. Market patterns in 20+ high-growth countries have been monitored, indicating that North America, Europe, East Asia, and South Asia & Oceania hold significant market share.
Automotive, aerospace and defence, and electronics and communication are only a few of the large-scale industries that use liquid flux. Larger electronics companies are more likely to place bulk orders and retain long-term relationships with their vendors. As a result, main liquid flux producers are able to consistently accept orders from larger end-use industries, allowing them to control the majority of the market.
Due to the already developed industry, the US market has shown little growth potential in the past. However, the Biden administration recently signed an executive order for a 100-day survey of commodity supply chains, including computer chips and large-capacity batteries, in 2021. This was done in order to counter the scarcity of semiconductor chips, which is impeding the development of cars, smartphones, and consumer electronics. As a result, the US will make every effort to become self-sufficient in semiconductor manufacturing and reduce its reliance on East Asia for electronic components.
Selective soldering machines in semiconductor mount assembly operations use around 1 to 1.5 litres of liquid flux per day to stay operating. Since the majority of consumer electronic goods contain sophisticated electronic components, continuous semiconductor mounting necessitates a steady supply of liquid flux. This ensures that the semiconductors are properly mounted and that a solid link is made between the PCBs and the semiconductors, with no corrosion or foreign particles in the way.
Fact.MR states that growing use of electronic components in advanced safety features in automobiles, demand for electronic automotive components for defence, infotainment, navigation, and fuel efficiency will rise in the coming years. The demand for ICs, MCUs, and sensors has risen in response to the rising needs of the global customer base. This, however, necessitates the use of industrial flux for semiconductor mounting and assembly activities, resulting in a push toward the use of liquid flux during the forecast period of 2021-2031.