Ultra-low Alpha Metal Market Fuses Growth with a Robust 7.4% CAGR, Thanks to Rising Zero-Defect Wave Soldering Application
The ultra-low alpha metal market is poised to register robust growth during 2017-2025 period, as demand for circuit boards, semiconductor packaging, and plating promises major uptake. According to a newly released TMR report, the market will grow at 7.4% during 2017-2025 to take off from US$2.7 bn in 2017 to reach US$4.9 bn.
The market poises interesting dynamic shifts in the competition as well. Over the years, the market has witnessed moderate competition with a strong pressure on innovation, and end-application. Additionally, rising investment in new technologies by key players like Honewell International Inc., Mitsubishi Materials Corporation, Alpha Assembly Solutions, and Pure Technologies will also open new opportunities of growth.
On the basis of end-user, the zero-defect wave soldering is likely to witness highest growth during the forecast period. The application provides a consistent solder quality for end-user and promises reliable production to boost growth. Among regions, the strict regulations North America and Europe, will push the market towards sustainable product portfolios. While Asia Pacific continues to remain a fertile ground for fastest CAGR-laden growth, thanks to surge in manufacturing, and widespread availability of raw materials.
Flip Chip Promise A New Era of Growth for the Ultra-Low Alpha Metal Market
Flip chip has become the new buzzword in semiconductor applications. These chips provide several advantages over traditional carrier-based systems. They sit directly on the circuit board and are much smaller than the carrier. Additionally, these are lightweight and often smaller, leaving room for other design specifications. Moreover, the provide the key benefit of providing ultra-high speeds with short wires and higher-speed signals. Thanks to their myriad of benefits, these chips are witnessing a robust demand by cell phone makers globally. It is estimated that 5G technology will result in sales of over 5 bn new devices by 2025. Additionally, flip chip will be in great demand in other applications like printed circuit boards, semiconductor packaging for other wearables, and gadegts as well. The advancement in new flip chips like 3D wafer-level chip packages also account for some of the drawbacks in the technology. The promising horizon of 5G, solid application, and key usage of ultra-low alpha metal will drive robust growth for the market.
Stringent Regulations Drive Sustainable Products and New Opportunities
The new regulations in the US, and EU prohibit the use of hazardous materials in electronic units. However, this is often at odds with higher density functionality need and lower demand in electronic devices. Moreover, these challenges in the industry do result in malfunctioning of the devices as well. For example, temporary malfunction in cell phones and gadgets is often caused by the effect of radiation on the Si ICs. Moreover, advancements like 3D packaging have moved solder bumps closer to the active Si devices. This has created further challenges for electronics. The low emission, and high-performance of Low Alpha activity Pb-free solders promise a robust end-use applications in combination with advanced flip-chips. Its essential use, and high potential returns will drive robust growth for the ultra-low alpha metal market.
This review is based TMR’s report titled, “Ultra-low Alpha Metal Market (Product - ULA Tin, ULA Tin Alloys, ULA Lead Alloys, and ULA Lead-free Alloys; End-user Industry - Aviation, Automotive, Electronics, Medical, and Telecommunication) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”
The market is segmented along the following lines:
Global Ultra-low Alpha Metal Market: Product
- ULA Tin
- ULA Tin Alloys
- ULA Lead Alloys
- ULA Lead-free Alloys
Global Ultra-low Alpha Metal Market: End-user Industry
Global Ultra-low Alpha Metal Market: Region
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
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