The global non corrosive fluxes market size was evaluated at USD 16,495 million in 2024 and is expected to grow around USD 26,614 million by 2034, expanding at a CAGR of 4.9%.
The non corrosive fluxes market refers to the production, distribution, and use of these fluxes, which are classified as non corrosive when residue after soldering will not corrode and eventually destroy the joint if allowed to remain. These fluxes are used in applications where the metal must be protected from corrosive residue. Rosin is a highly used noncorrosive flux, and it is available in liquid, paste, and powdered form. There is a high demand for these fluxes in household appliances, the electronics industry, and the automotive industry, which is driving the growth of the non corrosive fluxes market.
However, the challenging factors of the market include regulatory concerns, high initial investment, environmental concerns, changing consumer preferences, and the high cost of raw materials that can slow down the growth of the market. The future scope of the market includes increasing investment in industrial infrastructure development, reducing costs, expansion of the market, increasing investment in research and development, integration of automation & artificial intelligence, and advancement in technology that will be an opportunity for the growth of the non corrosive fluxes market.
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| Stats ID: | 7147 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7147 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
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