The Global Ultra-low alpha metal market is forecast to reach USD 5.10 Billion by 2026, according to a new report by Reports and Data.
Various factors have resulted in the expansion of the market. One of the mentionable factors in this context is the development of government regulations that prohibits the use of hazardous elements. Ultra-low alpha metal gives the provision of using products free from such hazardous substances which is one of the major contributing factors for boosting the growth of the market. Under such government regulations, the use of heavy metals in electronic products is also prohibited as instance under Restriction on Hazardous Substances (RoHS) Directive. Formulation of these regulations results in promoting the growth of the market.
Developments in medical devices and military equipment have opened new avenues for expansion of this industry that results in having a positive impact on the growth of this sector. Application of ultra-low alpha metal in soldering applications helps in avoiding device malfunction associated with soft errors — such advantages associated with ultra-low alpha metal results in encouraging the growth of the industry. Diversity in use of ultra-low alpha metal market ranging from automotive, aviation, medical, and electric is another major factor that has contributed to market expansion of this industry.
In the context of the region, Asia Pacific is leading the market. Factors like the easy availability of raw materials, development in manufacturing sites, urbanization have contributed to the market share of this region.
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Further key findings from the report suggest
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For the purpose of this report, the ultra-low alpha metal market has been segmented according to Product type, Raw materials, Distribution channel, End-user, and region:
Product type Outlook (Revenue, USD Billion; 2016-2026) (Kilo Tons)
Raw materials Type Outlook (Revenue, USD Billion; 2016-2026) (Kilo Tons)
Distribution channel Type Outlook (Revenue, USD Billion; 2016-2026) (Kilo Tons)
End-user Outlook (Revenue, USD Billion; 2016-2026) (Kilo Tons)
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