DUBAI, UAE. 9th September
2019: Aluminum Solder Wire Market is
expected to display higher growth rate in the upcoming years. Rapid surge in
the market is credited to the rising demand from electronic industry and
increasing product penetration in the global market. Additionally, aluminum
solder wire is highly cost efficient in comparison with traditional solder
wires. Globally, aluminum solder wire market is predicted to generate massive
revenue over the forecast period, providing numerous opportunities for industry
participants to invest in research and development of aluminum solder wires.
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Rising demand from automotive sector for production of
lightweight automobile vehicles is expected to drive the growth of the market
over the forecast period. Aluminum solder wire exhibits excellent properties such
as lightweight, high mechanical strength and corrosion resistance. Growing
preference towards aluminum soldering from construction and electrical
industries is further propelling market growth over the forecast timeframe. In
addition, aluminum wires are increasingly adopted for various home electrical
appliances, switches, circuit breakers and motors. Aluminum solder wire also
offer key benefits such as corrosion resistance and retention of temperature at
lower temperature.
Increasing adoption of aluminum solder wire in electrical
products due to their lightweight and ability to withstand high temperature.
Use of aluminum solder wire in high power transmission devices owing to its
capability to limit an electric discharge is expected to favor market demand as
well. During excessive heating in electrical appliances, aluminum solder wire
does not allow separation of the electrical fixtures and connections, thereby
driving the market demand in the past few years. Aluminum solder wire offer
easier and reliable soldering of aluminum and aluminum alloys with enhanced
resistance to electrolytic corrosion in comparison with Tin-Zinc solder.
The aluminum solder wire market is broadly categorized into
major segments based on the application type such as enameled aluminum wire,
aluminum metallizing wire, copper clad aluminum wire, and polyester enameled
aluminum wire. Enameled aluminum wire segment is growing rapidly in the market
with substantial revenue generation in the last few years. Growing popularity
of enameled aluminum wire segment is attributed to the increasing product
penetration and availability of several distribution channels.
The key players in the aluminum solder wire market are Norsk
Hydro ASA, Novametal Group S.A., Axon' Cable S.A.S., Rea Magnet Wire Company,
Inc., Superior Flux & Mfg., Co., and Vimlesh Industries Pvt., Ltd.
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Key regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
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