[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.
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.
Global Ultra-Low Alpha Metals Market Breakdown- by Region
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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.
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Ultra-Low Alpha Metals Market: Strategic Insights
Market Size Value in US$ 3,125.00 Million in 2020 Market Size Value by US$ 5,461.78 Million by 2028 Growth rate CAGR of 7.4% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Customize Research To Suit Your Requirement
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Ultra-Low Alpha Metals Market: Strategic Insights
| Market Size Value in | US$ 3,125.00 Million in 2020 |
| Market Size Value by | US$ 5,461.78 Million by 2028 |
| Growth rate | CAGR of 7.4% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
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
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major 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; MacDermid Alpha Electronics Solutions; among many others.
In 2020, Asia Pacific held the largest share of the global ultra-low alpha metals market. The demand for ultra-low alpha metals is rising in the region due to factors such as the significant growth in chemical, automotive, oil and gas, aerospace and defense, and other such industries. The region encompasses an ample amount of opportunities for the growth of the market attributable to the rapid industrial development along with significant rise in foreign direct investments and increasing expenditure towards research and development activities which are altogether expected to diversify the application base of ultra-low alpha metals has also led to market growth. Further, the rapid development of manufacturing base backed by improved economic activities and better investment opportunities is also promoting the growth of ultra-low alpha metals in regional market. China is dominating the regional market, followed by other countries such as Japan, India, South Korea and other countries.
Based on application, the ultra-low alpha metals market is categorized into electronics, automotive, medical, telecommunication and others. The electronics segment accounted for the largest market share in 2020. The implementation of the legislations such as RoHS (Restriction of the use of certain Hazardous Substances) and WEEE (Waste Electrical and Electronic Equipment) have led to growing adoption of Pb-free ultra-low alpha metals in production of electronic products. The primary alloys categorized as leadfree ultra-low alpha solders are Sn-Ag and Sn-Ag-Cu as well as alloy systems composed of Bi, Sb and others. The growing concern towards alpha emission along with rising focus towards environment has led to the inclination towards lead free alloys. However, in current scenario, several development activities have been oriented towards development of Pb-free solder with an aim to meet up the manufacturability and reliability expectation from the industries
The List of Companies - Ultra-Low Alpha Metals Market
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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