Ultra-low alpha metals emit the alpha emission rate of 0.002 cph/cm2 (the unit cph/cm2 stands for counts per hour per centimeter square). Alpha emission of a material can be well-defined as alteration or decaying of one atom into another with mass number condensed by four and atomic number reduced by two. The rate of alpha emission defines the grade of the metal as low alpha (<0.02 cph/cm2), ultra-low alpha (<0.002 cph/cm2), or super ultra-low alpha (<0.001 cph/cm2).
The market is witnessing strong demand owing to Restriction on Hazardous Substances (RoHS) Directive for ULA metals. These directives such as RoHS and RoHS have inhibited 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 specifies that the practice of alternate alloys as likened to the ones with lead has skyrocketed for soldering resolutions. Numerous producers are opting for alloys containing silver, despite their higher prices, as they offer better process results. Rise of industries like the electronics, medical, aviation, automotive, and telecommunication is also expected to augment the demand for ultra-low alpha metals throughout the forecast period.
The global Ultra-Low alpha metals market can be divided based on product, application and region. Based on product, the global Ultra-Low Alpha Metals market can be divided into ULA Tin, ULA Tin Alloys, ULA Lead Alloys, ULA Lead-free Alloys. By application, the global Ultra-Low Alpha Metals market can be divided into Automobile, Aviation, Telecommunication, Electronics, Medical, Others. Based on region, the global Ultra-Low Alpha Metals market can be divided into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. Currently, the Asia-Pacific region is the largest consumer of Ultra-Low Alpha Metals and is estimated to grow at the highest CAGR. Countries like China, Japan and India are probable to lead the Asia-Pacific Ultra-Low Alpha Metals market, with China probable to account for the maximum share in the regional demand of Ultra-Low Alpha Metals. Additionally, China is further probable to account for the maximum share in the global market and is projected to grow throughout the forecasted period. This can be attributed to rapid industrialization and increasing urbanization during the past few years. The markets in various other developing economies such as Brazil, Russia and Korea and India among others are also expected to witness a rapid growth throughout the forecast period. In addition to this, rising per capita disposable income and surge in the global economy is another key factor which is expected to bring impetus in the growth of the global market during the forecast period.
Key players operating in the global market are concentrating on some of the major market strategies such as mergers, collaborations, partnerships and acquisitions in order to keep grip in the constantly competitive global market. Besides, they are aiming on gaining grip on the local players to reinforce their goodwill as well as to improve their market reach in the global market. Some of the major players in the global market are Indium Corporation, Honeywell International Inc., Pure Technologies, Mitsubishi Materials Corporation, and Alpha Assembly Solutions, DUKSAN Hi-Metal Co., Ltd., Teck Resources, Honeywell International Inc. and AIM Metals & Alloys LP.
The global Ultra-Low alpha metals market can be segmented
• ULA Tin
• ULA Tin Alloys
• ULA Lead Alloys
• ULA Lead-free Alloys
• North America
• Latin America
• Middle East & Africa
• Asia Pacific