A recent research report published by Transparency Market Research forecasts that the global ultra-low alpha metals market will expand at a CAGR of 7.5% during the period between 2019 and 2027. The report, titled “Ultra-low Alpha Metals Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027” estimates the world’s ultra-low alpha metal to reach US$5.8 billion by 2027, US$3.0 billion in 2018.
Strict regulations drive market growth
Many regulatory authorities in the United States and Europe have restricted the use of hazardous metals such as lead (Pb) in electronic devices. However, these metals are responsible for the better functionality of these devices. This suppression and the need for better alternatives has spurred electronic device manufacturers to implement ultra-low alpha metals in their devices. Due to which a massive demand for these metals has surfaced in recent years. Due to this demand, the global market for ultra-low alpha metals is experiencing substantial growth during the tenure of 2019 at 2027.
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Moreover, this demand for ultra-low alpha metal has also spurred the demand for intense research and development, which is the main reason for new products to come into the market. This research and development is also a crucial factor in supporting the growth of the global ultra-low alpha metals market. 2019 at 2027.
Flip-Chip in Semiconductors to Show Maximum Growth
Flip chips have become hot cakes in the semiconductor industry. Due to their properties such as extremely small size, light weight, easy installation and cost effectiveness, they have driven the growth of this segment in the global ultra-low alpha metals market. Additionally, advantages such as installation directly on the circuit board and better performance than socket-based systems are also fueling the segment growth in the global ultra-low alpha metals market.
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Additionally, when combined with communication technologies like 5G, devices using the flip chip can perform even better than before. This factor also adds to the growth of the flip-chip segment of the global ultra-low alpha metals market over the span of 2019 at 2027. Secondly, growing demand for technologies such as 3D printing and wearable devices, the segment will witness further prolonged market growth over the forecast period.
North America and Europe show maximum potential
In terms of topography, the global market for very low alpha metals has maximum potential in North America and Europe. This is due to the growth in the application of electronic devices across multiple industries in the United States, Canada, Germany, and the United Kingdom. Moreover, the growing industrialization and growing impacts of Industry 4.0 on businesses in these regions also reinforce their dominance in the global ultra-low alpha. metals market 2019 at 2027.
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