Global Solder Mask Market Revenue Will Reach $978.75 Million in 2023

Solder mask is a heat-resistant coating material applied to selected areas to prevent solder deposition during subsequent welding. During the manufacturing process of circuit boards, a solder mask is placed on the surface of the circuit board to protect it from mechanical damage, chemical corrosion, and electric shock.

According to their properties and morphology, solder masks can usually be divided into several categories, including epoxy liquid solder masks, LPSM, and DFSM. Among them, the segmented market of LPSM  dominates the market, and its market revenue is expected to reach $648.73 million in 2023, with a market share of 66.29%.

From the perspective of terminal applications, solder masks are widely used in fields such as consumer electronics, automotive electronics, and communication electronics. Among them, the consumer electronics sector has the highest demand. Data shows that the revenue of solder masks in the consumer electronics field is expected to reach $425.36 million in 2023, with an estimated market share of 43.41%.

Global Solder Mask Market Revenue and Share Forecast by Type and Application in 2023

	Market Revenue (Million USD)	Market Share
Segmented by Type
Epoxy Liquid Solder Mask	142.08	14.50%
LPSM	648.73	66.29%
DFSM	187.93	19.20%
Segmented by Application
Consumer Electronics	425.36	43.41%
Automotive Electronics	96.62	9.91%
Communication Electronics	332.93	34.01%
Others	123.84	12.67%

Source: www.globalmarketmonitor.com

The global solder mask market has continued to grow in recent years, with market revenue of $947.49 million in 2022, and is expected to increase to $979 million by the end of 2023. From the perspective of market competition, the concentration of the global solder mask market is high. Data shows that the total revenue share of the top 3 enterprises in the industry's solder mask market reached 64.24% in 2021. The top 3 companies were Taiyo Ink MFG Epoxy Liquid, Showa Denko Materials, and Shenzhen RongDa. In 2021, the three companies accounted for 51.47%, 6.39%, and 6.38% of the global market revenue for solder masks, respectively.

Global Solder Mask Market Revenue Forecast and Competition Pattern Analysis  

With the continuous development of technology, the solder mask industry will usher in more development opportunities. In the next few years, the global solder mask market will continue to maintain a growth trend, with the Chinese market growing at a faster pace. Meanwhile, with the continuous emergence of new technologies, the product types and market applications of the solder mask industry will also continue to expand. For example, the popularization of 5G technology will drive an increase in the demand for solder masks in the communication field; The rapid development of electric vehicles and intelligent driving technology will drive an increasing demand for solder masks in the automotive electronics field. According to our prediction, the total revenue of the global solder mask market is expected to reach $1146.77 million by 2026. In addition, with the increasing awareness of environmental protection among the public, green and environmentally friendly solder masks will also become an important trend in the future market.

For more information, please click: 《China Solder Mask Industry Market Research Report 2023-2029》.