Rockville, Jan. 09, 2024 (GLOBE NEWSWIRE) -- The global metallic glass market is estimated at US$ 927.4 million in 2024, projected to grow steadily with a 6.9% CAGR through 2034. The market is projected to account for valuation of US$ 1,653.7 million by 2034. Metallic glass find their application in various industries seeking advanced materials as it possess exceptional properties such as high strength, durability, corrosion resistance, and flexibility.
The versatility of metallic glass allows for a broad spectrum of applications across multiple industries such as consumer electronics to aerospace and healthcare. Industries, particularly automotive and aerospace, continuously seek lightweight materials to enhance fuel efficiency and overall performance. The lightweight yet strong nature of metallic glasses positions them as a favorable alternative to conventional metals.
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Metallic glasses are finding new applications beyond traditional sectors. From medical implants to high-performance sports equipment, there is an expanding range of uses owing to their unique properties and versatile nature. In the biomedical field, there is a growing interest in biocompatible materials. Metallic glasses, with their corrosion resistance and potential for tailored biocompatibility, are emerging as candidates for medical implants and devices.
Increasing emphasis on sustainable materials has led to a spotlight on metallic glasses due to their recyclability and potential eco-friendly attributes. With the trend toward smaller, more intricate electronic devices, metallic glasses are gaining traction due to their ability to meet demands for smaller, yet resilient component.
Rising demand for Advanced Magnetic Tape Drives (AMTDs) and electronic devices is propelling the increasing popularity of metallic glass, projecting a significant surge in demand in the foreseeable future. Furthermore, heightened emphasis on energy conservation is anticipated to bolster the global metallic glass market during the forecast period.
| Report Attribute | Details |
| Value Projection (2034) | US$ 1,653.7 million |
| Growth Rate (2024-2034) | 6.9% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 48 Tables |
| No. of Figures | 144 Figures |
Key Takeaways from the Market Study
- The global metallic glass market is projected to expand at a CAGR of 6.9% through 2034.
- The North America metallic glass market is expected to grow at a remarkable CAGR of 6.2% through 2034.
- The metallic glass industry in the United States holds a dominant share of 68.3% in 2024.The United States dominates the global metallic glass market, valued at US$ 163.4 million in 2024.
- The metallic glass industry in China is expected to rise at a CAGR of 6.6% through 2034.
- Based on the material type, metal-metal segment hold a 63.1% market share in 2024.
- The electrical and electronics products segment dominates application with a 25.7% share in 2024.
“The growing application in various industries stimulating demand for metallic glasses,” remarks an analyst at Fact.MR.
Key Companies Profiled in This Report
- Liquidmetal Technologies Inc.
- Materion Corporation
- Amorphous Material Inc.
- Heraeus Holding GmbH
- Hitachi Metals Ltd
- SCHOTT AG
- Toshiba Materials Co. Ltd
- Miyou Group Co. Ltd
- Metglas Inc.
- Alloys International Inc.
Competitive Landscape
Investment in research and development by market players is aimed at creating fresh compositions, refining manufacturing techniques, and uncovering innovative uses for metallic glasses. This approach drives innovation, ensuring that leading companies remain at the forefront in terms of technology and diverse product offerings.
- Amorphous Material Inc.: Amorphous Material Inc. is involved in the research, development, and production of amorphous metals and metallic glass alloys. They work on refining alloy compositions and manufacturing processes to improve the properties and expand the applications of metallic glasses.
- Heraeus Holding GmbH: Heraeus focuses on various industries, including electronics, healthcare, and automotive, offering a broad range of materials and technologies. They contribute to the metallic glass market by providing specialized alloys and solutions for specific applications within these sectors.
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Country-wise Insights
What is the Growth Scenario of the Metallic Glass Market in the United States?
“Rising Manufacturing Capabilities in the Country drive Market Demand”
By the end of 2034, the United States is expected to possess 72.5% of the North American market share. The US market for metallic glasses has been fueled by the growing need for high-performance materials with exceptional qualities across a range of industries.
Healthcare, consumer electronics, automotive, aerospace, and other industries have been investigating the potential uses of metallic glasses. The United States is able to increase the production of metallic glass due to its excellent manufacturing capabilities and technological know-how.
Research institutes, governmental organisations, and private businesses have been working together to promote innovation and hasten the nation's development of metallic spectacles.
The development of innovative materials and technological innovation are encouraged by government programmes, which in turn fuel the expansion of China's metallic glass sector. Market expansion benefits from funding, incentives, and regulations that support research and industrial uses.
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Coated Glass Market: Global demand for coated glass is forecasted to accelerate at 9.4% CAGR and reach a market value of US$ 104 billion by 2034-end.
Glass Insulation Market: The global glass insulation market stands at a value of US$ 66.5 billion in 2023 and is projected to reach US$ 140 billion by 2033-end.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global metallic glass market, presenting historical analysis from 2019 to 2023 and forecast statistics for the period of 2024-2034.
The study reveals essential insights on the basis of Material Type (Metal-Metal, Metal- Metalloids) by Application ( Electrical & Electronics products, Magnetic products, Sensors and Measuring Instruments, Others) across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa).
About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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