Market Introduction
The Asia Pacific ultra-low alpha metals market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Alpha emission of the material involves decaying of one atom into another, along with the reduction in mass number by four times and atomic number by two. The rate of alpha emission helps to determine the grade of the metal to be used in different applications such as in the production of printed circuit boards (PCBs), circuit boards, semiconductor packaging, and plating. Apart from their use in the semiconductor and electronics industry, these metals are extensively used across medical and defense sectors. The ultra-low alpha metals are significantly used in the development of military equipment and medical devices attributable to their characteristics such as wetting behavior, mechanical properties, and soldering properties. These metals help minimize device malfunctions arising due to the occurrence of soft errors. This makes them suitable to be used in advanced clinical devices and military hardware and equipment. The expanding demand for clinical gadgets is expected to provide impetus to market growth. Moreover, the demand for ultra-low alpha metals is rising in 3D printing, consumer electronics, wearable devices, telecommunication, and aerospace equipment, which is expected to augment the growth of the ultra-low alpha metals market. Further, rapid industrialization and an increase in investment in advanced materials are expected to stimulate market growth. The implementation of the government regulations on use of the unsafe substances is boosting the market growth.
In Asia Pacific, India reported a huge number of COVID-19 cases, which led to the discontinuation of several business operations, including ultra-low alpha metals manufacturing activities. The disruption in the supply chain with volatility in raw material pricing and sourcing in the initial weeks of lockdown has impacted the industrial products and processes. However, as the economies are planning to revive their operations, the demand for ultra-low alpha metals is expected to rise in Asia Pacific. However, the focus on just-in-time production is another concerning factor hindering market growth. The increasing demand for advanced industrial materials backed by the growth of end-use industries such as electronics, aerospace & defense, automotive, medical, and telecommunication is expected to contribute to the market's growth. Further, significant investments by prominent manufacturers in advancing ultra-low alpha lead-free alloys are expected to drive the ultra-low alpha metals market.
Market Overview and Dynamics
The ultra-low alpha metals market in Asia Pacific is expected to grow from US$ 1,739.48 million in 2021 to US$ 2,919.91 million by 2028; it is estimated to grow at a CAGR of 7.7% from 2021 to 2028. The players operating in the ultra-low alpha metals market in the region are continuously looking forward to developing new products for a broad range of applications such as consumer electronics, automotive electronics, and medical devices. MacDermid Alpha Electronics Solutions has launched a new ultra-low temperature solder paste that is capable of soldering heat-sensitive components. The company has also launched ultra-low temperature solder and 5G solutions at the Productronica China show. Thus, the growing efforts from the manufacturers, along with an increase in demand from industries such as electronic, semiconductor, and telecommunication, will drive the ultra-low alpha metals market in Asia Pacific.
Key Market Segments
Based on type, the ULA tin alloys segment accounted for the largest share of the Asia Pacific ultra-low alpha metals market in 2020. Based on application, the electronics segment accounted for the largest share of the Asia Pacific ultra-low alpha metals market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Asia Pacific ultra-low alpha metals market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Mitsubishi Materials Corporation; Teck Resources Limited; Pure Technologies; Honeywell International Inc.; Duksan Hi-Metal Co., Ltd. and MacDermid Alpha Electronics Solutions.
Reasons to buy report
Asia Pacific Ultra-Low Alpha Metals Market Segmentation
Asia Pacific Ultra-Low Alpha Metals Market -By Type
Asia Pacific Ultra-Low Alpha Metals Market -By Application
Asia Pacific Ultra-Low Alpha Metals Market – By Country
Asia Pacific Ultra-Low Alpha Metals Market – Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,739.48 Million |
| Market Size by 2028 | US$ 2,919.91 Million |
| CAGR (2021 - 2028) | 7.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Ultra-Low Alpha Metals Market is valued at US$ 1,739.48 Million in 2021, it is projected to reach US$ 2,919.91 Million by 2028.
As per our report Asia Pacific Ultra-Low Alpha Metals Market, the market size is valued at US$ 1,739.48 Million in 2021, projecting it to reach US$ 2,919.91 Million by 2028. This translates to a CAGR of approximately 7.7% during the forecast period.
The Asia Pacific Ultra-Low Alpha Metals Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Ultra-Low Alpha Metals Market report:
The Asia Pacific Ultra-Low Alpha Metals Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Ultra-Low Alpha Metals Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Ultra-Low Alpha Metals Market value chain can benefit from the information contained in a comprehensive market report.
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