Non-Corrosive Fluxes Market Overview
The non-corrosive fluxesmarket is expected to develop at a compound annual growth rate (CAGR) of 4.8% during the forecast period, going from US$ 14.94 Bn in 2022 to US$ 23.87 Bn in 2032.
In recent years, there has been a significant expansion in the non-corrosive fluxes market. This expansion can be attributed to the following factors:
- Rise of the transportation industry
- Expansion of building and construction activities in rising economies such as China and India
- Increasing demand for electronics assembly and repair services across the globe which require soldering iron or station as a part of their manufacturing process.
Market Value (2022)
US$ 14.94 Bn
Market Value (2032)
US$ 23.87 Bn
Despite the above factors, thenon-corrosive fluxesmarket is being hampered by the following:
- Influence that welding materials have on the environment
- Lack of available skilled workers
- High cost of labour
Fluxes are the compounds used on the joint surfaces before soldering. Fluxes are of two types viz. corrosive fluxes and non-corrosive fluxes. A non-corrosive flux is a type of soldering flux which does not corrode the base metal it is used in.
It is used in the applications where the metal must be protected from corrosive residue. Rosin is one of the most widely used non-corrosive flux. Rosin is available in liquid, paste and powder form. The non-corrosive fluxes contain fluoride salts as well as cesium compounds.
This depends on the base materials and filler material applications. The use of non-corrosive fluxes is important as any remains in the joints can corrode the connection and cause a defective circuit. The major advantage of using non-corrosive flux is the elimination of post-braze cleaning.
Avoiding post-braze washing eliminates the chances for corrosion from the corrosive flux residue. The non-corrosive flux finds application in the open-air brazing with torch, furnace and induction methods. They are used for joining wide range of aluminium alloys.
The advantages of using non-corrosive fluxes is less known, and hence the market is very niche. However, the global non-corrosive fluxes market is anticipated to witness a moderate single digit growth rate in the forecast period.
Major Areas of Application and End-Use Industries
- Auto Industry
Non-conductive flux, which is used extensively in the auto industry, is as strong as the materials it joins; therefore, it may be utilised to create a wide variety of car body pieces. Among all end-use industries in 2022, transportation accounted for 34.42 percent of the non-corrosive fluxes market. There were 67.14 million passenger automobiles manufactured worldwide in 2016, per the Organization Internationale des Constructeurs d'Automobiles (OICA). Although vehicle production is expected to fall by about 5% in 2022 compared to 2020, there is still plenty of room for expansion in the non-corrosive fluxes market. High demand for non-corrosive fluxes is anticipated during the projected period as a result of innovations and technological advances in the automotive industry to meet the growing demand from customers.
- Construction Industry
The construction industry, which includes the adoption of non-corrosive fluxes, is expanding worldwide. This is especially true in developing countries like India, China, and Brazil. The demand for non-corrosive fluxes in these regions is expected to be driven by the emergence of new infrastructure development projects.
During the forecast period, the non-corrosive fluxes market is likely to be driven by the rising demand for welded steel for the construction of residential and commercial buildings. Over half of the projected increase in global construction output is attributable to just three countries - India, China, and the United States, according to research from Global Construction Perspectives and Oxford Economics. Increases in building output are expected to have a favourable effect on demand for non-corrosive fluxes.
How is the Shortage of Skilled Labor Hampering the Market?
Welding is a labour-intensive activity. Experts say there is a global lack of qualified welders that is only becoming worse with time. This, in addition to the high cost of labour in North America and Europe, is predicted to be a significant hindrance to the expansion of the non-conductive flux industry. In order to make up for the dearth of local welders, many infra-project contractors are hiring workers from China, India, Russia, and East European countries to perform welding and cutting.
Metal joining technique is crucial to the completion of infrastructure projects like those involving roads, railroads, bridges, power, and shipping and can only be carried out by a skilled and licenced crew. Welders, cutters, fitters, equipment operators, engineers, and inspectors are just some of the positions where the IIW predicts there is a shortage. Growth-driven rising job opportunities and the need to replace a retiring staff have prompted a petition from IIW to the Union Ministry for skill development. With a projected increase to 1.35 million in need over the next three years, India's present scarcity of 1.2 million professionals is expected to worsen.
Non-Corrosive Fluxes Market: Drivers and restraints
The growing demand for electrical products is expected to boost the demand for non-corrosive fluxes in the forecast period. The advantage of non-corrosive fluxes pertaining to the elimination of post-braze cleaning makes it more tractive over the corrosive fluxes.
This in turn is anticipated to fuel the demand for noncorrosive fluxes in the upcoming years. Moreover, the growing automotive industry is projected to increase the demand for non-corrosive fluxes in the forecast period.
There is no environmental related considerations for the use of non-corrosive fluxes. This can help the global non-corrosive fluxes market to grow. Vacuum brazing is proving to be a trend in the global non-corrosive fluxes market.
Solvay Flux GmbH is identified as one of the major market player in the global non-corrosive fluxes market. They provide non-corrosive fluxes for aluminium brazing. The market players are moving towards merger and acquisition to enhance their position in the global non-corrosive fluxes market.
Non-Corrosive Fluxes Market: Region – wise outlook
The global non-corrosive fluxes market can be segmented on the basis of geography into seven key regions as North America, Latin America, Western Europe, Eastern Europe, Middle East and Africa, Japan and Asia Pacific. North America is expected to contribute maximum in the global non-corrosive fluxes market.
United States is expected to be the largest consumer in the global non-corrosive fluxes market. Europe is anticipated to be the second largest consumer in the global non-corrosive fluxes market. Asia-Pacific is expected to be the fastest growing region in the global non-corrosive fluxes market. This is due to the fast growing automotive industry in Asia-Pacific region.
Non-Corrosive Fluxes Market: Major key players
Some of the key players identified in the global non-corrosive fluxes market are:
- Solvay Flux GmbH
- Lucas-Milhaupt, Inc.
- The 3M Company
- Vanchem Performance Chemicals
- Johnson Matthey Plc
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Non-Corrosive Fluxes Market: Segmentation
The global non-corrosive fluxes market can be segmented based on end use industry as:
- Automotive heat exchanger
- House hold appliances
- Hot pans
- Others (coffee makers, clothes dryers, etc.)