Solder Fume Extraction Market Size, Share, Growth, And Industry Analysis By Type (Single Operator Solder Fume Extractor, Double Operator Solder Fume Extractor and Multi Operator Solder Fume Extractor) By Application (Electronics Industrial Medical Application, Metalworking and Others), Key Industry Players, Regional Insights, and Forecast To 2031

Updated On: 08 July 2024

Solder Fume Extraction Market Report Overview

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The global solder fume extraction market size was USD 98 million in 2022 and is projected to touch USD 138.59 million by 2031, at a CAGR of 3.5% during the forecast period.

Solder is widely used in various industries predominantly in the electrical industry to connect metal wires and other metal parts. Solder poisoning is a common phenomenon suffered by workers who are closely associated with production. It contains harmful substances such as Antimony, Bismuth and Cadmium to name a few. It poses risk to health and the environment. The production cannot be stooped however to combat this concern, a solder fumes extractor is used to filter the air with the incorporation of advanced technology.

Industrialization has transformed the world, however; at the same time, it has introduced mankind to numerous lifestyle problems. The increasing pollution concerns are a major topic of discussion on global platforms. According to the latest reports published, air pollution is the cause of 6.5 million deaths globally. The rise in level toxicity and as a means to improve the surroundings will drive the solder fume extractor market in the upcoming years.

COVID-19 Impact:Lockdown to Hamper the Market Demand

The global COVID-19 pandemic has been unprecedented and staggering, with the solder fume extraction market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The Pandemic followed by the strict lockdown measures has had a huge impact on the majority of industries. As the production came to a sudden halt and disruption in the supply chain the solder fume extractor demands witnessed a fall. The focus was on the improvement of healthcare. The investments and experiments were pushed to stop as the world tackled the worst healthcare emergencies of the century.  The slow-down growth of the end-user industries is considered the major reason for the lack of market demand. However, as the post covid world is emerging stronger the solder fume extractor is anticipated to see higher growth as the safety norms become more stringent triggered by COVID-19.

LATEST TRENDS

"Increase in Large-scale Investments in Research and Development Boosts the Market Demand"

In the fast-paced world, innovations often tend to outdated fast.  The key players are investing in research and development to increase the efficiency of the product. In recent years, as a result of extensive research, the solder fume extractor has found uses in the medical field. The continuous innovations will boost the solder fume extractor market size in the forthcoming years.

Solder Fume Extraction Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into single-operator solder fume extractors, double-operator solder fume extractors and multi-operator solder fume extractors. The multi-operator solder fume extractor is expected to lead this segment in the forecasted year.

• By Application Analysis

Based on application, the market can be divided into electronics industrial medical applications, metalworking, and others. The electronics industrial medical application is anticipated to lead this segment.

DRIVING FACTORS

"Rise in the Safety Protocols in the Manufacturing Industry to Accelerate the Solder Fume Extraction Market Growth"

Manufacturing safety protocols have become a subject of utter importance for all the key players in the market. As it forms the backbone of all industrial products, the safety issue of thousands of workers becomes a priority. More often the workers are compelled to take part in the production process which might expose them to contact with toxic and poisonous compounds. There have been past instances and it was reported that continuous and years of exposure to toxic environments resulted in the harmful disease.

In recent times, the government has put special attention to promoting the safety of production workers. The stringent regulations of the government have impelled the organization to adhere to standard safety practices and implement high-quality devices for the well-being of the workers. The inhale of solder fume poses the potential risk of health threats. Not only to human beings it is considered unsafe for the environment. The escalating pollution and toxic particles in the air triggered by unsustainable manufacturing procedures have pushed the government to implement standard protocols. Thus, as the industrialization phase reached its peak the production improves to meet consumer demands, and the adaptation of solder fume extractors will see upward growth in the forecasted year. 

"Increase in the Adaptation across Industries Propel Market Demand"

The application of the solder fume extractor has broadened in recent years and is not limited to metal working. It is extensively utilized in the electronics industry to reduce the toxic fumes in manufacturing. The electronic industry is witnessing a surge in growth after the digitalization concept was accepted by global citizens. Furthermore, consistent innovations in the electronic industry are fueling market growth. The increase in the production of laptops, televisions, mobile phones and the smart gadget is propelling the demand for the solder fume extractor market share. The chemical industry is benefitting from the use of solder fume extractors. The solder fume extractor eliminates harmful chemicals and restricts the formation of airborne diseases. In a nutshell, the increase in industrial applications is driving the solder fume extractor market growth.

RESTRAINING FACTORS

"Lack of Knowledge and Unavailability of Skilled Personnel Product to Hamper the Market Growth"

The survey suggests that the underprivileged countries and the workers are not enlightened about the harmful effects of solder fumes on long-term health and environmental damage. The lack of practical knowledge is a restraining factor in the solder fume extractor market growth. The underdeveloped economies suffer the most due to a lack of awareness and skilled professionals. In many cases, it was found that industries avoid the implementation of the solid fume extractor to cut down the cost. All these factors might act as a restraining factor in the solder fume market growth in the upcoming years.

Solder Fume Extraction Market Regional Insights

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"Asia Pacific Dominates the Market due to the Growth of the End-user Industry"

Asia-pacific region has been the place of abundant industrial growth in the last decades. The emerging strong economies have favouredfavoredustries such as chemical, electronic and metalworking industries. The establishment of highly equipped production units has propelled the solder fume extractor market in this region. China is expected to lead this region. In addition, to all the above-stated factors, the population expansion and rise in pollution levels have triggered the usage of the solder fume extractor market in this region.

KEY INDUSTRY PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies also invest in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• BOFA (U.S)
• FUMEX (U.K.)
• Nederman (U.S.)
• Metcal (U.S.)
• Weller (U.S.)
• Sentry Air Systems (U.S.)
• CLARCOR (U.S.)
• Hakko (U.S.)
• Quatro-air (Sweden)
• EUROVAC (Canada)
• Avani Environmental (U.S.)
• Powertech Pollution Controls (India)
• Bodi (U.S.)
• Kaisen (China)
• Boorex (U.S.)
• APT (U.S.)
• Qubo (U.S.)
• Sunyada (U.S.)
• Goodoop (U.K.)
• Conyson (China)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.