Development in automotive and aviation industries, rise in demand for products free from hazardous substances, and diverse applicability of ultra-low alpha metal are significant factors promoting the ultra-low alpha metal market.
Market Size – USD 2.90 Billion in 2018, Market Growth - CAGR of 7.25%, Market Trends –The rise in demand for products free from hazardous substances.
NEW YORK, June 04, 2019 (GLOBE NEWSWIRE) -- The Global Ultra-low alpha metal market is forecast to reach USD 5.10 Billion by 2026, according to a new report by Reports and Data.
Various factors have resulted in the expansion of the market. One of the mentionable factors in this context is the development of government regulations that prohibits the use of hazardous elements. Ultra-low alpha metal gives the provision of using products free from such hazardous substances which is one of the major contributing factors for boosting the growth of the market. Under such government regulations, the use of heavy metals in electronic products is also prohibited as instance under Restriction on Hazardous Substances (RoHS) Directive. Formulation of these regulations results in promoting the growth of the market.
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Developments in medical devices and military equipment have opened new avenues for expansion of this industry that results in having a positive impact on the growth of this sector. Application of ultra-low alpha metal in soldering applications helps in avoiding device malfunction associated with soft errors — such advantages associated with ultra-low alpha metal results in encouraging the growth of the industry. Diversity in use of ultra-low alpha metal market ranging from automotive, aviation, medical, and electric is another major factor that has contributed to market expansion of this industry.
In the context of the region, Asia Pacific is leading the market. Factors like the easy availability of raw materials, development in manufacturing sites, urbanization have contributed to the market share of this region.
Further key findings from the report suggest
- The ultra-low alpha metal market held a market share of USD 2.90 Billion in the year 2018. It is forecasted to grow at a rate of 7.25% during the forecast period.
- Diversity of application of ultra-low alpha metal ranges from medical, automotive & transportation, and telecommunication, among others. Variety in its use is one of the primary reasons for market expansion of this sector.
- In regards to product type, ULA Lead-free Alloys can be seen to dominate the market. It is forecasted to occupy 45% of the market by 2026. Factors like its applicability in the healthcare industry, and elimination of hazardous elements from the product have contributed to its market growth.
- Rising awareness about the adverse impact of hazardous substances like lead has resulted in the smallest market share being occupied by ULA Lead Alloys, that holds 10% of the market share in 2018.
- In the context of raw materials, the highest revenue generating segment is tin. It generated USD 1.39 Billion in the year 2018. Reason for this segment to generate the highest revenue is because of its applicability in all the types of product produced under ultra-low alpha metal.
- In regards to the distribution channel, direct sales segment dominates the market. It occupied 65% of the market share in the year 2018 with the highest growth rate of 7.46% during the forecast period. Factors like the preference of consumers to buy from direct sellers and to buy such products in large amount have contributed to its market dominance.
- Among the different end-users of ultra-low alpha metal, electronics segment can be seen to occupy the largest market share of 30% in the year 2018 with a growth rate of 7.69% during the forecast period. Factors like applicability of ultra-low alpha metal market in soldering, and circuit formation have contributed to its market dominance.
- In context to region, Asia Pacific can be seen to occupy the largest market. It is forecasted to hold 35% of the market by 2026 with a growth rate of 7.64% during the forecast period. Factors like the easy availability of raw materials, an increase in the number of manufacturing sites have resulted in the dominance of this region in the market.
- Key participants include Alpha Assembly Solutions, Honeywell International Inc, DUKSAN Hi-Metal Co., Ltd, Teck Resources, Indium Corporation, Pure Techonologies, STANNOL GMBH, AIM Metals & Alloys LP, Blume Elektronik Distribution GmbH, Mitsubishi Materials Corporation.
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Segments covered in the report:
For the purpose of this report, the ultra-low alpha metal market has been segmented according to Product type, Raw materials, Distribution channel, End-user, and region:
Product type Outlook (Revenue, USD Billion; 2016-2026) (Kilo Tons)
- ULA Lead-free Alloys
- ULA Tin Alloys
- ULA Lead Alloys
- ULA Tin
Raw materials Type Outlook (Revenue, USD Billion; 2016-2026) (Kilo Tons)
- Tin
- Silver
- Copper
- Lead
Distribution channel Type Outlook (Revenue, USD Billion; 2016-2026) (Kilo Tons)
- Distributor
- Direct Sales
End-user Outlook (Revenue, USD Billion; 2016-2026) (Kilo Tons)
- Automotive & Transportation
- Aviation
- Medical
- Electronics
- Telecommunication
- Others
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Regional Outlook (Revenue in USD Million; 2016–2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
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