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, 2016–2024.” According to the report, the global ultra-low alpha metal market was valued at US$ 2.53 Mn in 2015 and is anticipated to reach US$ 4.72 Mn by 2024, expanding at a CAGR of 7.30% between 2016 and 2024.
In terms of market growth, North America and Europe are key regions for the global ultra-low alpha metal market. Owing to their well-established high-end application industry sectors such as aviation, automotive, medical and telecommunication, North America and Europe are expected 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 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 volume as well as revenue as a result of existing market players, availability of raw materials, number of manufacturing sites and R&D centers being available in the region.
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In terms of volume, Asia Pacific held significant share of the global ultra-low alpha metal market in 2015, by comprising over 60% of the global share, because of the well-established electronics industry in the region.
During production, there is a need of sophistication and advanced facilities that are essential for research and development of 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 7.30% in terms of revenue. North America and Europe are expected to see a rise in their shares during the forecast period, while there is expected to be a decrease in the shares for the rest of the regions. Major factor responsible for the growth of market in leading regions is the reflection of advanced and high-end application end-use industries in these regions. Major industries impacting the ultra-low alpha metal market are expected to be automotive and telecommunication.
Major players in the ultra-low alpha metal market include Indium Corporation, Honeywell International Inc., Mitsubishi Materials Corporation, Pure Technologies, and Alpha Assembly Solutions.
The ultra-low alpha metal market has been divided into the following segments:
Ultra-low Alpha Metal Market – Product Analysis
- ULA tin
- ULA tin alloys
- ULA lead alloys
- ULA lead-free alloys
Ultra-low Alpha Metal Market – End-user Industry Analysis
Ultra-low Alpha Metal Market – Regional Analysis
- North America
- Rest of North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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