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Metallic Glass Market Size By Product (Metal-metal, Metal-metalloid), By Sector (Electrical & Electronics, Sports), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

  • Report ID: GMI4722
  • Published Date: Jun 2020
  • Report Format: PDF

Industry Trends

Metallic Glass Market size was USD 1.49 billion in 2019 and will grow at a CAGR of 8.4% from 2020 to 2026. Proliferating product consumption in electrical & electronics sector will be the chief factor augmenting the market growth.
 

Metallic Glass Market Statistics

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Metallic glass has always been a considerable force incurring as an ideal alternate solution with applicability in wide metallic glass market segments. The unique combination of physical, chemical, and mechanical properties such as material hardness, and high strength to weight ratio has gained traction from many industries.
 

Owing to random atomic arrangements the material generally have 2 to 3 times higher electrical resistivity compared to its other crystalline counterparts, positioning it as ideal replacement for several conventional and less efficient materials.
 

Amorphous metal is widely used in distribution transformers. Amorphous metal distribution transformer (AMDT) has the potential of reducing the no-load transformer losses up to 70% as compared to the conventional technology. Furthermore, the advantages such as easy magnetization, low magnetic losses, fast flux reversal, low energy consumption and less heat generation are augmenting the popularity of AMDT across the world and will boost the metallic glass market demand during the study timeframe.
 

Global electric business was recorded over USD 4.7 trillion in 2017. China is the world’s largest electric industry with close to 40% market share, succeeded by the U.S., Japan and South Korea. Asia Pacific dominates the industry with more than 60% market share followed by North America and Europe. It can be attributed to rising urbanization, robust economic growth, increasing population and rapid industrialization in the region.
 

Favorable government initiatives coupled with private & public investment will boost the regional electric industry. Substantial commercialization of metallic glass in the electric industry shall complement the overall metallic glass market growth by 2026.
 

Increasing R&D investments from new and existing firms with aim to potentially replace conventional engineering material in many applications will drive the metallic glass market. Major support from supporting industry especially in high concentration and high growth region such as APAC has significantly increased material usage in all major business segments.
 

However, the high cost associated with the product coupled with the ongoing pandemic of COVID-19 is anticipated to hinder the growth trajectory for brief period before getting back on track by the end of forecast period.
 

Metal-metal is the preferred product type

Metallic Glass Market by Product

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The metal-metal segment accounted for over USD 950 million in 2019 owing to its several favorable characteristics. Metal-metal type generally comprises complete metal composition with other metal content ranging from 9-10% to a large quantity, nearly as 50%, therefore representing higher structural strength. This property enables the material to be used in places with requirement of high strength and good ductility. It also allows the structure to be magnetized enabling them to be used widely across various industrial industries.
 

Increasing use from supporting industries such as electrical & electronics, sports, aerospace, etc. is the prime driving factor for the metal-metal segment. Advancement in electronics and tooling has enabled material to be prominently used in electronics and component manufacturing. Rising demand for high engineered and capable electronics has pushed manufacturers to incorporate metallic glass extensively to provide performance and aesthetical advantage, thus providing it an opportunistic scenario.
 

Electrical and electronics sector will be the major end-user

Metallic Glass Market by Sector

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Electrical & electronics segment will account close to 80% market share in 2026. Electronic segment is one of the highly competitive metallic glass markets across the globe. Metallic glasses are gaining popularity for both final products and experimentation in consumer and commercial electronics to provide superior performance.
 

For instance, Apple Inc. filed patent in Europe suggests the potential use of liquid metal in its sapphire flexible transparent display. On the other hand, computer & mobile hardware and electronics manufacturer Asus used metallic glass for flip camera in its new product ZenFone 6.
 

Amorphous metal is extensively used in electrical industry, especially in transformers for fine conductivity and to reduce heat generation. Apart from that, product is also used in micromotors and as a protective coating for equipment parts operating in aggressive environment. Development in global electrical industry coupled with proliferating demand for electronics product will augment the metallic glass market consumption during the study timeframe.
 

Asia Pacific to dominate metallic glass market size

Metallic Glass Market by Region

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In 2019, Asia Pacific generated revenue over USD 500 million and will witness significant growth over the study timeframe. It can be attributed to the presence of matured electronics and electrical industry in the region. The region accounts for over more than 70% of the global electric production.
 

Availability of raw materials, cheap labor, favorable government initiatives and investments will drive the metallic glass market share of these sectors in coming years. Moreover, manufacturers across the region are focusing on increasing their manufacturing and R&D capacities to gain a competitive edge, further supporting the regional dominance.
 

China and Japan are some of the largest hubs in Asia Pacific for metallic glass manufacturing. Favorable government policies coupled with rising demand for electrical goods have resulted in increasing investments from private and established players.
 

Partnerships and technological edge present major role in market share acquisition

Metallic glass market is competitive, where technology plays key role in capturing industry share. The prominent players operating in the product space include Hitachi Metals Ltd., Liquidmetal Technologies Inc., Usha Amorphous Metals Limited, RS Alloys, Antai Technology Co., Ltd., PX Group SA, EPSON ATMIX Corporation, Heraeus Holding, PrometalTech and Materion Corporation.
 

Metallic glass industry players are engaged in partnerships and extensive R&D operations to gain competitive edge over other companies through funding new projects. For instance, in June 2016, Heraeus Holdings announced partnership with a Swedish startup Exmet to develop 3D printing using amorphous metals. It has helped the company to enhance its product portfolio.
 

The metallic glass market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2016 to 2026, for the following segments:
 

By Product

  • Metal-metal
  • Metal-metalloid

By Sector

  • Electrical & electronics
  • Sports
  • Others

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America (LATAM)
    • Brazil
    • Mexico
  • Middle east & Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
       
Authors: Kiran Pulidindi, Sayan Mukherjee

Frequently Asked Questions (FAQ) :

The global metallic glass industry is expected to achieve $2.08 billion by 2026 and is poised to record over 8.4% CAGR.

Development in global electrical industry, rising product application in sporting goods and increasing product penetration in medical and aerospace & defense industry are the key factor expected to drive the growth of global market.

Hitachi Metals Ltd., Liquidmetal Technologies Inc., Usha Amorphous Metals Limited, RS Alloys, Antai Technology Co., Ltd., PX Group SA, EPSON ATMIX Corporation, Heraeus Holding, PrometalTech, Materion Corporation are some of the top contributors in the industry.

The electrical & electronics segment registered a major market share in 2019 and is projected to record a remarkable growth rate throughout the forecast period.

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 11
  • Tables & Figures: 158
  • Countries covered: 18
  • Pages: 120

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