Ultra-Low Alpha Metals Market Size - Global Industry Trends to 2028

[Research Report] The ultra-low alpha metals market was valued at US$ 3,125.00 million in 2020 and is projected to reach US$ 5,461.78 million by 2028; it is expected to grow at a CAGR of 7.4% from 2021 to 2028.

Ultra-low alpha metals are majorly used in solder bumping in the electronics industry. The strict government regulations on the use of hazardous substances in electronic equipment drive the growth of the ultra-low alpha metals market. However, the volatility in the prices of the raw materials impedes market growth.

In 2020, Asia Pacific contributed to the largest share in the global ultra-low alpha metals market. The market growth in the region is primarily attributed  to the presence of strong industrial base with prominent manufactures. High demand for ultra-low alpha metals from applications such as electronics, automotive, and medical backed by the significantly growing end-use industrial bases is stimulating the growth of the ultra-low alpha metals market in the region.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Get 10% FREE CUSTOMIZATION

Ultra-Low Alpha Metals Market: Strategic Insights

Ultra-Low Alpha Metals Market

• 
  CAGR (2020 - 2028)

  7.4%
• Market Size 2020
  US$ 3.13 Billion
• Market Size 2028
  US$ 5.46 Billion

Market Dynamics

GROWTH DRIVERS

• XXXXXXX
• XXXXXXX
• XXXXXXX

FUTURE TRENDS

• XXXXXXX
• XXXXXXX
• XXXXXXX

OPPORTUNITIES

• XXXXXXX
• XXXXXXX
• XXXXXXX

Key Players

• Mitsubishi Materials Corporation
• Teck Resources Limited
• Advanced Manufacturing Services AMS Ltd
• Pure Technologies
• Honeywell International Inc
• DUKSAN Hi Metal Co Ltd
• MacDermid Alpha Electronics Solutions

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• ULA Tin
• ULA Tin Alloys
• ULA Lead Alloys
• ULA Lead-Free Alloys

Application

• Electronics
• Automotive
• Medical
• Telecommunication

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Impact of COVID-19 Pandemic on Ultra-Low Alpha Metals Market

The ongoing COVID-19 pandemic has drastically altered the status of the chemicals & materials sector and negatively impacted the growth of the ultra-low alpha metals market. The implementation of measures to combat the spread of the novel coronavirus has aggravated the situation and declined the demand for industrial metals and materials. The operations of industries have been impacted amid the pandemic, which has ultimately disturbed the delivery cycle and increased import–export tariff. The sudden distortion in operational efficiencies and disruptions in the value chains are attributed to the sudden closure of national and international boundaries and the temporarily closure of manufacturing bases due to indefinite lockdowns and temporary quarantines, which have hampered the growth of the market during the pandemic. The restrictions on supply chain with volatility in raw material pricing and sourcing due to initial weeks of lockdown have disturbed the industrial products and processes. Also, the focus on the just-in-time production is another concerning factor hindering market growth. However, as the economies are planning to revive their operations, the demand for ultra-low alpha metals is expected to rise globally in the coming years. The increasing demand for advanced industrial materials due to the growth of various end-use industries, such as electronics, aerospace & defense, automotive, medical, and telecommunication, is also expected to drive the growth of the market in the coming years. Further, significant investments by prominent manufacturers in the advancement of ultra-low alpha lead-free alloys would fuel the growth of the ultra-low alpha metals market during the forecast period.

Market Insights

Rise in Concerns Toward Soft Error Issue to Fuel Ultra-Low Alpha Metals Market Growth

The expanding demand for high density and low power product requirements has propelled the concept of reducing the dimensions and operating voltages of modern electronic devices. The constant scaling of complementary metal-oxide-semiconductor device technologies has led to miniaturization and shrinkage in the operating voltage of the device transistors. However, the concept has opened new challenges, both from the technology and materials point of view. One such issue is soft error, the temporary malfunction of the device, which is caused by the radiation of high-energy alpha particles. One of the primary sources of alpha particle radiation is the solders which are significantly deployed for joining components in the packaging. Hence, the growing concern toward the soft error issue has led to an increase in demand for ultra-low alpha metals.

Type Insights

Based on type, the global ultra-low alpha metals market is segmented into ULA tin, ULA tin alloys, ULA lead alloys, ULA lead-free alloys and others. The ULA lead-free alloys and others segment led the market in 2020. With the growing investments in research and development activities, manufacturers are coming up with the advanced forms of products, which could meet specific industry requirements. Similarly, manufacturers have introduced ULA lead-free alloys that is composed of a significantly low proportion of lead (i.e., 0.1%) or no lead at all. The demand for ultra-low alpha lead-free soldering alloys is rising due to the growing concerns toward the environment.

Application Insights

Based on application, the global ultra-low alpha metals market is segmented into electronics, automotive, medical, telecommunication, and others. The electronics segment led the market in 2020. It is imperative to deploy the use of alloys and metals that could hold an ultra-low alpha grade when engaged in electronic applications. The use of ultra-low alpha metals helps to dodge any malfunctioning caused due to soft errors in electronics devices. Additionally, the significant reduction in the size of devices, along with the installation of solder materials close to the sensitive locations in electronic devices, generates the need for ultra-low alpha metals. There is a rise in demand for ultra-low alpha metals in the production of consumer electronics.

A few of the key players operating in the global ultra-low alpha metals market are MITSUBISHI MATERIALS Corporation; Teck Resources Limited; Advanced Manufacturing Services (AMS) Ltd; Pure Technologies; Honeywell International Inc.; DUKSAN Hi-Metal Co., Ltd; and MacDermid Alpha Electronics Solutions.

Report Spotlights

• Progressive industry trends in the ultra-low alpha metals market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the ultra-low alpha metals market from 2019 to 2028
• Estimation of global demand for ultra-low alpha metals
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario
• Market trends and outlook as well as factors driving and restraining the growth of the ultra-low alpha metals market
• Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth

• The size of the ultra-low alpha metals market size at various nodes
• Detailed overview and segmentation of the market, as well as the ultra-low alpha metals industry dynamics
• Size of the ultra-low alpha metals market in various regions with promising growth opportunities

Ultra-Low Alpha Metals Market Report Scope

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Global Ultra-Low Alpha Metals Market

By Type

• ULA tin
• ULA tin alloys
• ULA lead alloys
• ULA lead-free alloys and others

By Application

• Electronics
• Automotive
• Medical
• Telecommunication
• Others.

Company Profiles

• MITSUBISHI MATERIALS Corporation
• Teck Resources Limited
• Advanced Manufacturing Services (AMS) Ltd
• Pure Technologies
• Honeywell International Inc.
• DUKSAN Hi-Metal Co., Ltd
• MacDermid Alpha Electronics Solutions