Global Solder Mask Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Solder Mask Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Solder mask is a thin layer of polymer that is put on a circuit board to protect the copper from oxidation and shorts during operation. It also protects the PCB from environmental influences such as dust and several other contaminants that may lead to shorts in the long run.

Market Overview:

The latest research study on the global Solder Mask market finds that the global Solder Mask market reached a value of USD 963.37 million in 2022. It’s expected that the market will achieve USD 1273.41 million by 2028, exhibiting a CAGR of 4.76% during the forecast period.

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages.

For the Solder Mask industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.

But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

Technological progress and continuous innovation will promote the development of Solder Mask industry

In the past decade, the printing circuit board manufacturing mainly used inkjet system to create nomenclature markings. However, in recent years, with the continuous development of technology, manufacturers can directly print solder mask on the surface of circuit board or panel. This is sometimes called direct jetting (DJ), which applies mask ink to the surface of printed circuit board according to design input. Direct jetting is accomplished by using a piezoelectric head. DJ method reduces most of the process steps, and brings the following advantages: Minimized material usage; Reduce capital equipment and process variables; Environmental protection processing; Eliminate excessive use of solder mask.

Competition in the industry is fierce

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The Solder Mask industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.

Region Overview:

In 2021, the share of the Solder Mask market in China stood at 52.79%.

Company Overview:

Taiyo Ink MFG is one of the major players operating in the Solder Mask market, holding a share of 51.57% in 2022.

Taiyo Ink MFG

Taiyo Ink MFG is a chemical manufacturer with a high market share of solder resist (SR), an essential material in printed wiring boards (PWBs). With the solder resist engineering we have built up, Taiyo Ink MFG develops flat panel display (FPD) materials, along with a variety of electronic components.

Showa Denko Materials

Showa Denko Materials Co Ltd manufactures and sells a wide range of chemical products which include materials for semiconductors and LCDs, industrial materials, and processed synthetic resins.

Segmentation Overview:

By type, LPSM or LPI segment accounted for the largest share of market in 2021.

Epoxy Liquid

The lowest-cost solder mask is epoxy liquid that is silkscreened through the pattern onto the PCB.

LPSM or LPI

Liquid photoimageable solder mask (LPSM or LPI) can be silkscreened or sprayed on the PCB, exposed to the pattern and developed to provide openings in the pattern for parts to be soldered to the copper pads.

DFSM

DFSM is vacuum-laminated on the PCB then exposed and developed.

Application Overview:

The market's largest segment by application is the segment Consumer Electronics, with a market share of 44.04% in 2021.

Key Companies in the global Solder Mask market covered in Chapter 3:

Advance Materials Corporation
Chemtronics
Eternal Materials
Jiangsu Kuangshun
Taiyo Ink MFG
Huntsman
Showa Denko Materials
TAMURA Corporation
Greentop Technology
Shenzhen RongDa Photosensitive Science & Technology

In Chapter 4 and Chapter 14.2, on the basis of types, the Solder Mask market from 2018 to 2029 is primarily split into:

Epoxy Liquid
LPSM or LPI
DFSM

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Solder Mask market from 2018 to 2029 covers:

Consumer Electronics
Automobile Electronics
Communications

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)