Metallic Glass Market Analysis

Metallic Glass Market Analysis

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 & 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.

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.