Using semiconductor chips, palladium coated copper bonding wires are utilized in various electronic devices. These wires are used to form a connection between a semiconductor and an integrated circuit. According to Business Research Insights, the palladium coated copper bonding wires market size was valued at USD 1,078.6 million in 2020 and is anticipated to reach USD 3,001.6 million by 2027 at a CAGR of 18.6% during the forecast period. These wires have a long shelf life and excellent performance and are highly resistant to tension and stress. The increasing adoption of high-performance devices in the electronics sector is anticipated to fuel industrial growth.
Halted Manufacturing Amid Pandemic to Impede Growth
The COVID-19 pandemic created a huge impact on various industries. The rapid spread of coronavirus negatively affected business profitability and productivity due to halted manufacturing and production operations. Governments imposed stringent restrictions on import/export policies and travel activities. Furthermore, the restrictions were imposed on manufacturing workers by instructing employees to work at 50% capacity. However, the companies of palladium coated copper bonding wires are projected to witness growth in the coming years as the restrictions are lifted.
Below Mentioned are the Profiles of 10 Leading Companies Operating in the Palladium Coated Copper Bonding Wires Industry:
1. Heraeus Technology Company
Heraeus Technology Company focuses on producing special metals, quartz glass, medical technology, and sensors & specialty light sources. The company was established in 1660 and is headquartered in Hanau, Germany. It is a privately-held organization and is a globalized brand.
2. Tanaka
Tanaka is a private company headquartered in Tokyo, Japan. The company was established in 1885 and is now recognized as a global brand. Tanaka provides special metals to global customers from several industries. Precious metal processing is a major business operation performed by the company.
3. Sumitomo Metal Mining Co. Ltd.
Sumitomo Metal Mining Co. Ltd. is in the mining business that operates in various segments such as mineral resources, smelting & refining materials, and others. The company was established in 1950 and is headquartered in Tokyo, Japan.
4. MK Electron
MK Electron was established in 1982 and headquartered in South Korea. The company manufactures metals and bonding wires provided to the electronic industry. Also, the company is known for its gold bonding wire for semiconductors.
5. Doublink Solders Co. Ltd.
Doublink Solders Co. Ltd. was founded in 1999 and is headquartered in the U.S. The company performs manufacturing and deploying activities of nonferrous metal castings. Also, the company is recognized for deploying its products to the global market.
6. Nippon Micrometal Corporation
Nippon Micrometal Corporation is headquartered in the Philippines and was established in 1987. The company works on rolling, drawing, and extruding nonferrous metals other than aluminum and copper. Also, the company has expanded its manufacturing units to meet global customer demand.
7. Yantai Zhaojin Kanfort Precious Metals Inc Co.
Yantai Zhaojin Kanfort Precious Metals Inc Co. focuses on processing and distributing precious metal products to several end-use industries. The company majorly produces silver, gold bonding wires, gold, silver cyanide, and other products. It is also engaged in producing chemical plating materials.
8. Tatsuta Electric Wire and Cable Co. Ltd
Tatsuta Electric Wire and Cable Co. Ltd. was established on 28th September 1945 and is headquartered in Osaka, Japan. The company manufactures equipment, electric wires, and cables that are delivered globally. The key products produced by the company are electric wires & cables, sensor & medical products, and electronic materials.
9. Heesung Metal Co. Ltd.
Heesung Metal is engaged in producing precious metals, functional nanomaterials, and thin films used in semiconductors. The company is headquartered in South Korea and provides plate-type electrical contactors, electromagnetic contactors, rivet-type electrical contacts, and other products to the global market.
10. Shandong Keda Dingxin Electronic Technology Co. Ltd.
Shandong Keda Dingxin Electronic Technology is headquartered in China and focuses on manufacturing and delivering various instruments. These instruments include pianos, organs, and other musical instruments.
Surging Smartphone Demand in Recent Years
The leading companies in the palladium coated copper bonding wires industry focus on expanding their business reach by increasing production capacity. Also, the electronics industry is expected to grow significantly due to developing technological infrastructure and high investments in R&D activities. Furthermore, development in 5G infrastructure is projected to bolster the industrial growth and surge the demand for palladium coated copper bonding wires, owing to increasing smartphone sales globally and rising adoption of wire in the consumer electronics sector. The high availability of leading manufacturers globally is anticipated to propel growth in the coming years.