Key Highlights
A recent research report published by Transparency Market Researchprojects the global ultra-low alpha metal market toexpand at a CAGR of 7.5% during the period between 2019 and 2027.The report, titled “Ultra-low Alpha Metal Market - Global Industry Analysis,Size, Share, Growth, Trends and Forecast, 2019 - 2027,” estimates theglobal ultra-low alpha metal to reach US$ 5.8 Bn by 2027,from US$ 3.0 bn in 2018.
Stringent Regulations Boost the Market Growth
Many regulatory authorities in the U.S. and Europe have restricted theuse of hazardous metals such as Lead (Pb) application in electronic devices.However, these metals are responsible for the better functionality of suchdevices. This abolishment and need for better alternatives has stimulated themanufacturers of the electronic devices to implement ultra-low alpha metals intheir devices. Due to which a massive demand for such metals has been surfacedin recent years. Due to this demand the global ultra-low alpha metal market isexperiencing a substantial growth during the tenure of 2019 to 2027.
Moreover, this demand of ultra-low alpha metal has also stimulated thedemand for intense research and development, which is the major reason for thearrival of new products in the market. This research and development is also acrucial factor supporting the growth of global ultra-low alpha metal marketfrom 2019 to 2027.
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Flip-Chip in Semiconductor to Exhibit MaximumGrowth
Flip chips have become hot cakes in the semiconductor industry. Owing totheir properties such as extremely small size, light weight, easy installation,and cost effectiveness have boosted the growth this segment in global ultra-lowalpha metal market. Additionally, the benefits such as installation directly onthe circuit board and better performance than carrier based systems is alsofueling the growth of the segment in global ultra-low alpha metal market.
Furthermore, when combined with communication technologies like 5G, thedevices using flip-chip can perform even better than before. This factor alsoadds to the growth of flip-chip segment of global ultra-low alpha metal marketduring the duration of 2019 to 2027. Secondly, thegrowth in the demand for technologies such as 3D printing, and wearabledevices, the segment shall witness a further extended growth in the marketduring the projected time frame.
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North America and Europe Shows Maximum Potential
In terms of topography, the global ultra-low alpha metal market hasmaximum potential in North America and Europe. This is because of the growth inapplication of electronic devices in multiple industries in the U.S. Canada,Germany, and the U.K. Moreover, growing industrialization and increasingimpacts of Industry 4.0 over the businesses in these regions also backs theirdomination in global ultra-low alpha metal market from 2019 to 2027.
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