Ultra-low Alpha Metals Market Driven by Rapidly Growing Chemical Industry, Growth Factors and Forecast 2024

Global Ultra-low Alpha Metal Market: Overview

The emission rate of ultra-low alpha (ULA) metals is 0.002 cph/cm2 (the unit cph/cm2 stands for counts per hour per centimeter square) or less than that. This makes these metals a better option than other hazardous materials for manufacturing several electrical and electronic items. Owing to these reasons, ULA metals are predominantly being used for bumping, PCBs, plating, circuit boards, and semiconductor packaging. The report states that the global ultra-low alpha metal market was valued at US$2.53 in 2015 and is expected to reach US$4.72 mn by the end of 2024. The global market is estimated to witness progress at a CAGR of 7.30% between 2016 and 2024.

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RoHS Directives to Shape Trajectory of ULA Metal Market in Positive Manner

Restriction on Hazardous Substances (RoHS) Directive has played an important role in boost the demand for ULA metals. Directives such as RoHS and RoHS have collectively restricted the usage of hazardous substances in electric and electronic equipment. This directive was first adopted by the European Union in 2003 and later by several other countries across the globe with a few changes. These directives have also eased the concerns pertaining to consumer electronics waste. The report indicates that the usage of alternate alloys as compared to the ones with lead has skyrocketed for soldering purposes. Several manufacturers are opting for alloys containing silver, despite their higher prices, as they offer better process results. Rise of industries such as the electronics, medical, aviation, automotive, and telecommunication is also expected to augment the demand for ultra-low alpha metals throughout the forecast period.

Asia Pacific to Dominate Global Market as Manufacturing Activities Rise

In terms of geography, the global ultra-low alpha metal market is segmented into Latin America, North America, Europe, the Middle East and Africa, and Asia Pacific. The report states that Asia Pacific is projected to dominate the global market as it is slated to account for a share of 63.81% by the end of 2024. The rise of Asia Pacific in the global market will be due to the increasing manufacturing activities and emergence of electrical and electronics industry. Analysts anticipate that the increasing uptake of lead-free alloys is projected to fuel the demand for ultra-low alpha tin in Asia Pacific between 2016 and 2024.

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On the basis of product, the global ultra-low alpha metals market is divided into ULA tin (tin alloys with the proportion of tin (Sn) being 99% or greater), ULA tin alloys (the proportion of tin (Sn) being less than or equal to 95% in the alloy and other constituent metals being silver (Ag) and copper (Cu)), ULA lead alloys (alloys with varying compositions of lead (Pb) and tin (Sn)) and ULA lead-free alloys (alloys that do not contain lead (Pb) at all or contain lead in a very low proportion (0.1%)). The key consumers of ultra-low alpha metals are those that provide assembly applications that require soldering. Demand for ULA metals is projected to remain consistent in industries that demand same quality of solders to ensure that there is no defect wave soldering. PCBs extensively used ULA metals, which are fitted in

The key players operating in the global ultra-low alpha metal market are Indium Corporation, Honeywell International Inc., Pure Technologies, Mitsubishi Materials Corporation, and Alpha Assembly Solutions.

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