Global Ultra-low Alpha Metal Market Estimated to Reach US$ 4.98 Mn by 2025

Transparency Market Research has published a new report titled “Ultra-low Alpha Metals (ULA tin, ULA tin alloys, ULA lead alloys and ULA lead-free alloys) Market for Aviation, Automotive, Electronics, Medical, Telecommunication and Other End-user Industries – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025. According to the report, the global ultra-low alpha metal market was valued at US$ 2.62 Mn in 2016 and is anticipated to reach US$ 4.98 Mn by 2025, expanding at a CAGR of 7.47% between 2017 and 2025.

In terms of market growth potential, North America and Europe are the key regions for global ultra-low alpha metal market. Owing to their well-established high-end application industry sectors such as aviation, automotive, medical and telecommunication, and the strict implementation of RoHS Directives in the region, North America and Europe are anticipated to be the highly growing regions for ultra-low alpha metal market during the forecast period. Requirement of ultra-low alpha metal is dependent on their application in end-use industries, which highly impacts the growth of ultra-low alpha metal in the regional markets. Out of the two, North America is expected to dominate the market in terms of growth potential as a result of existing market players, availability of raw materials, number of manufacturing sites and R&D centers being available in the region.

However, in terms of volume, Asia Pacific held major share of the global ultra-low alpha metal market in 2016, by comprising over 65% of the global share, because of the well-established electronics industry in the region.

During production of ultra-low alpha metals, there is a need of sophistication and advanced facilities that are essential for research and development of these products. There is a requirement for exceptional care with product handling, along with periodic testing over the product’s storage time period. Developed economies seems to afford their production capacities with sometimes their outsourcing in still developing regions. Due to this, Middle East and Africa along with Latin America held very low shares in the ultra-low alpha metal market.

Ultra-low alpha metal market is a growing market due to its primary application in soldering fabrication in the flip chip technology sector. Applications in this sector include copper pillar solder caps and solder microspheres that are required in 3-D wafer-level chip packages and advanced flip chip. Demand for ULA metals is common in end-user industry applications where consistent quality of solders is required for zero defect wave soldering.

The ultra-low alpha metal market is expected to grow at a CAGR of 7.47% in terms of revenue. North America and Europe are anticipated to see an increase in their shares during the forecast period, while there is expected to be a decrease in the shares of rest of the regions. Major factor responsible for the growth of market in leading regions is the advanced and high-end application end-use industries in these regions coupled with growing awareness regarding hazardous substances in electronics and electrical devices. Major industries impacting the ultra-low alpha metal market are expected to be automotive and telecommunication.

Request to view Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=19562

Major players in the ultra-low alpha metal market include Indium Corporation, Honeywell International Inc., Tech Resources Limited, Mitsubishi Materials Corporation, Pure Technologies, and Alpha Assembly Solutions.

Leave a Reply