Silver Sintering Paste Market Report Overview
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The global silver sintering paste market size was USD 60 million in 2021 and is projected to touch USD 113.87 million by 2031, exhibiting a CAGR of 6.6% during the forecast period.
The procedure of silver sintering paste is, heat spread over to a silver paste which evolves into densification. Furthermore, numerous activities take place consecutively, inclusive of grain growth, pore growth, and densification, creating in a stronger bond within the said substance. As silver sintering paste are exceptional products, that are qualified for rapid silver sintering processes on a range of differentiated surfaces and show reductions in metallization.
Silver sintering pastes are segmented into two types, pressure sintering paste and pressure-less sintering paste. Firstly, pressure sintering paste procedure is known as it can be supported by the company of high pressure. Furthermore, as the applied high pressure raises the forced intensity for densification, and it also reduces the temperature required for silver sintering to equally as low as the half temperature of the ceramics melting temperature or point. Secondly, pressure-less sintering is the sintering process of a crushed substance, usually taking place at very high temperatures, varying on the density of the substance without any application of external pressure. This avoids any density fluctuations in the finished product, which arises with different established hot compressing procedures. Moreover, the molded substance or ceramic is alternatively obtained by processes of pre-sintering, the final substance can be molded into the desired structure and size prior to the final process.
COVID-19 Impact: Global Spread of COVID-19 Implicated Rigid Government Regulations
The negative impacts of the COVID-19 pandemic shook the world globally, the unprecedented growth of the virus had affected upon several differentiated markets. Furthermore, the government regulations led to harsh and rigid lockdowns which created a decrease in the quantity of supply and demand in the market drastically. Multiple areas were cordoned to a lockdown, at the time COVID-19 spread at an uncontrollable rate caused uncountable amount of businesses to experience uncertainties of their survival in the market. Furthermore, the halts implied by the government on the any type of productions negatively influenced the demand of the product. The persistent growth of the virus, forced the governments globally to state a harsh and complete lockdown, which hindered supply and demand in the markets. Leading towards, poor demand and sales for the product and negatively effects on markets growth.
LATEST TRENDS
"Developments of Sintering Mechanisms Innovates Products"
Sintering takes place through diffusion of atoms, with the assistance of the microstructure. Furthermore, the diffusion procedure is executed by a gradient of chemical capacity as atoms shift from a medium of high chemical capacity to a medium of low chemical capacity. The segmented ways the atoms use to transport from the initial area to the alternative are known as the sintering mechanisms. Furthermore, enhancements made in surface diffusion creates a smoother sailing of the atoms along the transmission course and increases pressure at points of contact causing the material to steer away from contact areas, enforcing atoms centers to attract near each other. Secondly, improvements in lattice diffusion from grain boundary generates the atom from grain boundaries to merge straight into the framework of the substance, and making the sintering more efficient. These developments, make key players in the market adopt these improvements in the product to produce best sintering mechanisms and outcomes to the users.
Silver Sintering Paste Market Segmentation
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- By Type
Based on type; Pressure sintering paste and pressure-less sintering paste
- By Application
Based on application; Power semiconductor device, RF power device, high performance led and others
DRIVING FACTORS
"Introduction of Electric Current Assisted Sintering Boosts Market Growth"
Electric current assisted sintering is an enhanced procedure of silver sintering paste, as this process passes electricity through sintering powders in a vacuumed condition. Furthermore, the main drive of this technique was for the industrial scale manufacturing of semiconductor device and for RF power devices. The current was particularly effective in minimizing surface oxides that hamper the absorption rate of the atoms while sintering. Hence, the electric current assisted sintering boosts the overall silver sintering paste market growth.
"Varieties of Pressure-Less Sintering Paste Improves Market Growth"
Constant-rate of heating (CRH), rate-controlled sintering (RCS), and two-step sintering (TSS) are the types of pressure-less sintering. These techniques are consumed on the basis of the microstructure and grain size of the substance and may differ on the material and method required to be used. Moreover, for unique materials as ceramics and other substances, the variated techniques help the consumers in achieving productive and efficient sintering as per their requirements and desires. Additionally, improving the overall silver sintering paste market share.
RESTRAINING FACTORS
"Less Precision through the Procedure Hampers Market Growth"
Silver sintering paste is known for processing and increasing strength in the propertiesof the substance, but the procedure creates a major drawback. As several micro- and nanostructures put through the silver sintering paste are usually destroyed. Moreover, this disadvantage hampers the high performance LED market because its components are small and delicate, which require high precise levels. This disadvantage, leads to the impediment of the global silver sintering paste market.
Silver Sintering Paste Market Regional Insights
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"North America to have the Highest Market Position Owing to Product’s Awareness"
North American region dominates over other regions as the biggest region of the market. As this region, aims on majorly spreading awareness of sintering process in every diverse industry sector in the market. Moreover, as consumer understand the use for the product, the demand eventually rises in its suitable industries. Mainly, this region developed markets mainly where the product is immensely consumed. Overall, increasing their share in the silver sintering paste market.
KEY INDUSTRY PLAYERS
"Augmented Production of the Product for Coping with Rising Demand"
The key market players are manufacturing high levels of the products in the market. For coping with the increasing demand, as consumers want to keep up with latest trends in LED devices such as mobile phones, tablets and televisions. Moreover, these digital devices consist of high performance LEDs which are sintered through the silver sintering paste procedures. Furthermore, increased the amount of production in the market also helps the key players to maintain a good market share value.
List of Market Players Profiled
- Heraeus (Germany)
- Kyocera (Japan)
- Indium (U.S.)
- Alpha Assembly Solutions (U.S.)
- Henkel (Germany)
- Namics (China)
- Advanced Joining Technology (U.K.)
REPORT COVERAGE
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, and recent developments in both historic and present contexts.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 60 Million in 2021 |
Market Size Value By |
US$ 113.87 Million by 2031 |
Growth Rate |
CAGR of 6.6% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type & Application |
Frequently Asked Questions
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What value is the silver sintering paste market expected to touch by 2031?
The global silver sintering paste market is expected to touch USD 113.87 million by 2031.
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What CAGR is the silver sintering paste market expected to exhibit by 2031?
The CAGR is the silver sintering paste market expected to be 6.6% by 2031.
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Which are the driving factors of the silver sintering paste market?
Introduction of electric current assisted sintering boosts market growth and varieties of pressure-less sintering paste improves market growth.
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Which are the top companies operating in the silver sintering paste market?
Heraeus, Kyocera, Indium, Alpha Assembly Solutions, Henkel, Namics and Advanced Joining Technology are the top companies operating in the silver sintering paste market.