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Solder Fume Extraction Market by Type (Single Operator, Double Operator, Multi Operator) by Application (Electronics, Chemical, Medical Application, Metalworking, Others)– Ukraine War, Future Prospects And Competitive Analysis, 2016 - 2028

Global Solder Fume Extraction Market: A Study of Changing Market Dynamics, Growth, Future Prospects, and Russia – Ukraine War impact Analysis, 2016 – 2028

 

solder-fume-extraction-market

Global Solder Fume Extraction market has generated revenue of over USD 52.66 million in 2021. It is expected to exhibit CAGR of over 2.47% during the forecast period to reach over USD 63.10 million by the end of 2028. While, cumulative growth opportunity offered by the global Solder Fume Extraction market stood above USD 412.44 million for the analysis period ranging between 2022 to 2028.      

Interesting Facts about Solder Fume Extraction Industry

  • Printed Circuit Board market has crossed valuation of USD 70,000 million
  • China, Taiwan and South Korea are leading markets for Solder Fume Extractors
  • Inhalation of Solder Fumes causes sever diseases
  • S. and Europe have stringent regulations on use of Solder Fume Extractors
  • Multi Operator Solder Fume Extractors are most widely used across the world

Strong Growth of Printed Circuit Board

Electronics Chemical, Medical Application, Metalworking and Others are major application markets for global solder fumes extractors. Soldering is one of the most important parts of printed circuit board manufacturing. Huge growth of electronics industry is mainly driving the demand for printed circuit boards. Rising demand for consumer electronics, laptops, mobile phones and other electronic gadgets has been turned out to be major factor fuelling the growth of Solder Fume Extractors. The global PCB market was valued at around USD 70 billion in 2021. While, it is expected to exhibit slow yet steady growth rate over the forecast period. This in turn will drive the demand for Solder Fume Extractors.

Serious Health Hazards Associated with Solder Fumes and Stringent Safety Regulations

Exposure and inhalation to Solder fumes can serious health hazards. Solder fumes can enter human body through breathing. Certain health hazards associated with inhalation of solder fumes include, asthma, kidney disease, hypertension, poisoning, etc. Stringent Industrial safety regulations makes it mandatory to install solder fumes extractors. The Control of Substances Hazardous to Health Regulations (COSHH) demands employers to control the exposure of workers to solder fumes. Moreover, Health and Safety Executive (HSE) calls for employers to identify and access potential risks associated with solder fumes, prevent exposure to it and consistently review the same.

Lack of Awareness Among End-users

Several employers and employee are unaware of potentials health risks associated with exposure to solder fumes in emerging and underdeveloped economies. Moreover, some employers purposedly avoid using solder fume extractors in order to cut down cost. Moreover, lack of stringent health and safety measures, inadequate inspection, etc. is also turning out to be important growth concern. This in turn expected to arrest the growth of solder fumes extractors.

Solder Fumes Extraction Highly Fragmented Market

APT, Avani Environmental, Bodi, BOFA, Boorex, CLARCOR, Conyson, EUROVAC, FUMEX, Goodoop, Hakko, Kaisen, Metcal, Nederman, Powertech Pollution Controls, Quatro-air, Qubo, Sentry Air Systems, Sunyada and Weller are some of the prominent players operating in global solder fumes extraction market. It is very fragmented market with large number of players operating around the world.

Huge Growth potential in Asia Pacific

Asia Pacific dominates the production of printed circuit boards, chemical, metalworking industry and medical equipment manufacturing. China, Japan, South Korea and Taiwan are leading manufacturers of PCB as well as electronic goods. This in turn demand large number of solder fumes extractors. However, despite of relatively smaller share in production of PCB and electronic goods, the demand for solder fumes extractors in North America and Europe is considerably high, thanks to stringent safety regulation, high level of awareness among employers and employee regarding personal health and safety. China and Taiwan collectively hold over 30% share in global market. While, Latin America, Middle East and Africa are very smaller markets for solder fumes extractors.

Frequently asked questions about global Solder Fume Extraction industry

Like other industries, Solder Fume Extraction market also suffered from COVID 19 pandemic which resulted into decline of over 7% in revenue generated in 2020

Asia Pacific is the largest regional market with highest share in the total volume of Solder Fume Extraction consumed in 2021

Growing popularity of Solder Fume Extraction coupled with rising adoption as a vegan alternative to meat is driving the demand for Solder Fume Extraction

Single Operator segment dominated the Solder Fume Extraction market in 2021 with over 25% share

Chemical segment was the largest application of Solder Fume Extraction in 2021 with over 55% share

Solder Fume Extraction Report Scope

Report Attribute Details
Market Value in 2021 USD 52.66 million
Market Value in 2028 USD 63.10 million
CAGR 2.47% between 2021 and 2028
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  May 2022
Category:  Building & Construction
Report ID:   60538
Report Format:   PDF
Pages:   128
Rating:    4.8 (38)
Delivery Time: 24 Hours to 48 Hours   
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