Persistence Market Research has recently conducted a comprehensive survey of the global metallic glass market for the forecast period of 2023 to 2033. The survey reveals strong growth prospects for the market, with an anticipated Compound Annual Growth Rate (CAGR) of 6.5% throughout the assessment period. By 2023, the global metallic glass market is expected to reach a valuation of US$ 896.3 Million. This growth is driven by the commercialization of new product portfolios and the expansion of products tailored to meet customer demand.
Key Insights:
- Global Market Valuation (2024): US$ 954.4 Million
- Market Size 2033: US$ 1679.0 Million
- Projected CAGR (2023-2033): 6.5%
Global Metallic Glass Market - Report Scope:
Metallic glass, also known as amorphous metal, is a high-performance engineered material that combines selective properties of both metals and glasses. Unlike traditional metals and alloys, which typically have a crystalline atomic structure, metallic glasses possess an amorphous atomic structure similar to that of glass. This unique structure imparts metallic glasses with exceptional properties such as high corrosion resistance, excellent electrical conductivity, and high fracture toughness. However, they are also characterized by brittleness, opacity, and limited ductility.
Market Growth Drivers:
Commercialization of New Product Portfolios
The commercialization of new metallic glass products is a key driver of market growth. Companies are focusing on developing advanced metallic glass materials with enhanced properties tailored to specific applications. This innovation is expected to open new market opportunities, particularly in industries that require high-performance materials with unique properties, such as electronics, aerospace, and medical devices.
Expansion of Products Based on Customer Demand
As customer demands evolve, companies are expanding their product offerings to meet specific requirements. This expansion includes the development of metallic glass materials with improved corrosion resistance, higher strength, and better electrical properties. The ability to customize products based on customer needs is expected to drive market growth, as industries increasingly seek materials that offer both performance and reliability.
Unique Properties of Metallic Glass
Metallic glasses exhibit a combination of properties that make them highly desirable for various applications. Their high corrosion resistance makes them suitable for harsh environments, while their excellent electrical properties make them ideal for use in electronic components. Additionally, their high fracture toughness ensures durability in demanding applications, despite their inherent brittleness.
Challenges:
Brittleness and Limited Ductility
One of the primary challenges facing the metallic glass market is the material's brittleness and limited ductility. While metallic glasses offer high strength and toughness, their lack of ductility can limit their use in certain applications where flexibility and elongation are required. Overcoming this challenge through material innovation and engineering will be critical for the widespread adoption of metallic glass in various industries.
High Production Costs
The production of metallic glass can be more expensive than traditional metals and alloys due to the specialized processes required to achieve and maintain the amorphous structure. These high production costs can be a barrier to market growth, particularly in price-sensitive industries. However, advancements in manufacturing techniques and economies of scale may help to reduce costs over time.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the global metallic glass market?
- Which industries are leading the adoption of metallic glass materials?
- How are advancements in material science influencing the competitive landscape?
- Who are the key players in the global metallic glass market, and what strategies are they employing to maintain their market position?
- What are the emerging trends and future prospects in the global metallic glass market?
Competitive Intelligence and Business Strategy:
Leading players in the global metallic glass market, including companies like Liquidmetal Technologies, Hitachi Metals, and Materion Corporation, are focusing on product innovation, strategic collaborations, and expanding their presence in emerging markets. These companies are investing in research and development to create next-generation metallic glass materials with enhanced properties that cater to specific industry needs. Strategic partnerships with key industry players and customers are also playing a significant role in driving market growth and ensuring long-term success.
Key Companies Profiled:
- PX Group
- Usha Amorphous Metals Limited
- Exmet AB
- Metglas Inc.
- Shanghai Antai Zighao Amorphous Metal
- Qingdao Yunlu Energy Technology Co., Ltd.
- Materion
- Adamant Namiki Precision Jewel Co., Ltd.
- Heraeus Group
- Eutectix
Key Segments Covered in Metallic Glass Industry Research
By Product Type:
- Metal-Metal
- Metal-Metalloid
By Application:
- Electrical & Electronic Products
- Magnetic Products
- Sensors & Measuring Instruments
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Market Outlook
- 1.2. Demand Side Trends
- 1.3. Supply Side Trends
- 1.4. Analysis and Recommendations
2. Market Overview
- 2.1. Market Coverage / Taxonomy
- 2.2. Market Definition / Scope / Limitations
3. Key Market Trends
- 3.1. Key Trends Impacting the Market
- 3.2. Product Innovation / Development Trends
4. Key Success Factors
- 4.1. Product Adoption / Usage Analysis
- 4.2. Product USPs / Features
- 4.3. Strategic Promotional Strategies
5. Global Market Demand Analysis 2019-2023 and Forecast, 2024-2033
- 5.1. Historical Market Volume (Tons) Analysis, 2019-2023
- 5.2. Current and Future Market Volume (Tons) Projections, 2024-2033
- 5.3. Y-o-Y Growth Trend Analysis
6. Global Metallic Glass Market - Pricing Analysis
- 6.1. Regional Pricing Analysis By Material Type
- 6.2. Pricing Break-up
- 6.2.1. Manufacturer Level Pricing
- 6.2.2. Distributor Level Pricing
- 6.3. Global Average Pricing Analysis Benchmark
7. Global Market Demand (US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033
- 7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
- 7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis
8. Market Background
- 8.1. Macro-Economic Factors
- 8.1.1. Global Economic Overview
- 8.1.2. Global Electrical and Electronics Industry Overview
- 8.1.3. Other Key Macro-Economic Factors
- 8.2. Forecast Factors - Relevance and Impact
- 8.2.1. Top Companies Growth Outlook
- 8.2.2. Application Sectors Demand Outlook
- 8.2.3. Global Urbanization Outlook
- 8.2.4. Impact of Regulations
- 8.2.5. Other Key Forecast Factors
- 8.3. Value Chain
- 8.4. Impact of COVID to 19 Crisis
- 8.4.1. Current Statistics
- 8.4.2. Expected Recovery and Comparison with Sub-Prime Crisis
- 8.4.3. World Economy / Cluster Projections
- 8.4.4. Impact by Taxonomy
- 8.4.5. Impact on Market Size
- 8.4.6. Recovery Scenarios
- 8.5. Market Dynamics
- 8.5.1. Drivers
- 8.5.2. Restraints
- 8.5.3. Opportunity Analysis
9. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Material Type
- 9.1. Introduction / Key Findings
- 9.2. Historical Market Size (US$ Mn) Analysis By Material Type, 2019-2023
- 9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Material Type, 2024-2033
- 9.3.1. Metal-Metal
- 9.3.2. Metal-Metalloid
- 9.4. Market Attractiveness Analysis By Material Type
10. Global Market Analysis 2019-2023 and Forecast 2024-2033, By Application
- 10.1. Introduction / Key Findings
- 10.2. Historical Market Size (US$ Mn) Analysis By Application, 2019-2023
- 10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2024-2033
- 10.3.1. Electrical and Electronic Products
- 10.3.2. Magnetic Products
- 10.3.3. Sensors and Measuring Instruments
- 10.3.4. Others
- 10.4. Market Attractiveness Analysis By Application
11. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Region
- 11.1. Introduction
- 11.2. Historical Market Size (US$ Mn) Analysis By Region, 2019-2023
- 11.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2024-2033
- 11.3.1. North America
- 11.3.2. Latin America
- 11.3.3. Europe
- 11.3.4. East Asia
- 11.3.5. South Asia and Pacific
- 11.3.6. Middle East and Africa (MEA)
- 11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2019-2023 and Forecast 2024-2033
- 12.1. Introduction
- 12.2. Pricing Analysis
- 12.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
- 12.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 12.4.1. By Country
- 12.4.1.1. U.S.
- 12.4.1.2. Canada
- 12.4.2. By Material Type
- 12.4.3. By Application
- 12.5. Market Attractiveness Analysis
- 12.5.1. By Country
- 12.5.2. By Material Type
- 12.5.3. By Application
- 12.6. Key Market Participants - Intensity Mapping
- 12.7. Drivers and Restraints - Impact Analysis
13. Latin America Market Analysis 2019-2023 and Forecast 2024-2033
- 13.1. Introduction
- 13.2. Pricing Analysis
- 13.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
- 13.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 13.4.1. By Country
- 13.4.1.1. Brazil
- 13.4.1.2. Mexico
- 13.4.1.3. Rest of Latin America
- 13.4.2. By Material Type
- 13.4.3. By Application
- 13.5. Market Attractiveness Analysis
- 13.5.1. By Country
- 13.5.2. By Material Type
- 13.5.3. By Application
- 13.6. Key Market Participants - Intensity Mapping
- 13.7. Drivers and Restraints - Impact Analysis
14. Europe Market Analysis 2019-2023 and Forecast 2024-2033
- 14.1. Introduction
- 14.2. Pricing Analysis
- 14.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
- 14.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 14.4.1. By Country
- 14.4.1.1. Germany
- 14.4.1.2. Italy
- 14.4.1.3. France
- 14.4.1.4. U.K.
- 14.4.1.5. Spain
- 14.4.1.6. BENELUX
- 14.4.1.7. Russia
- 14.4.1.8. Rest of Europe
- 14.4.2. By Material Type
- 14.4.3. By Application
- 14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Material Type
- 14.5.3. By Application
- 14.6. Key Market Participants - Intensity Mapping
- 14.7. Drivers and Restraints - Impact Analysis
15. South Asia and Pacific Market Analysis 2019-2023 and Forecast 2024-2033
- 15.1. Introduction
- 15.2. Pricing Analysis
- 15.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
- 15.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 15.4.1. By Country
- 15.4.1.1. India
- 15.4.1.2. Thailand
- 15.4.1.3. Indonesia
- 15.4.1.4. Malaysia
- 15.4.1.5. Oceania
- 15.4.1.6. Rest of South Asia
- 15.4.2. By Material Type
- 15.4.3. By Application
- 15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By Material Type
- 15.6. Key Market Participants - Intensity Mapping
- 15.7. Drivers and Restraints - Impact Analysis
16. East Asia Market Analysis 2019-2023 and Forecast 2024-2033
- 16.1. Introduction
- 16.2. Pricing Analysis
- 16.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
- 16.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 16.4.1. By Country
- 16.4.1.1. China
- 16.4.1.2. Japan
- 16.4.1.3. South Korea
- 16.4.2. By Material Type
- 16.4.3. By Application
- 16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By Material Type
- 16.5.3. By Application
- 16.6. Key Market Participants - Intensity Mapping
- 16.7. Drivers and Restraints - Impact Analysis
17. Middle East and Africa Market Analysis 2019-2023 and Forecast 2024-2033
- 17.1. Introduction
- 17.2. Pricing Analysis
- 17.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
- 17.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 17.4.1. By Country
- 17.4.1.1. Gulf Co-operation Council Countries
- 17.4.1.2. Turkey
- 17.4.1.3. Northern Africa
- 17.4.1.4. South Africa
- 17.4.1.5. Rest of Middle East and Africa
- 17.4.2. By Material Type
- 17.4.3. By Application
- 17.5. Market Attractiveness Analysis
- 17.5.1. By Country
- 17.5.2. By Material Type
- 17.5.3. By Application
- 17.6. Key Market Participants - Intensity Mapping
- 17.7. Drivers and Restraints - Impact Analysis
18. Country Wise Market Analysis
- 18.1. Introduction
- 18.1.1. Market Value Proportion Analysis, By Key Countries
- 18.1.2. Global Vs. Country Growth Comparison
- 18.2. U.S. Market Analysis
- 18.2.1. By Material Type
- 18.2.2. By Application
- 18.3. Canada Market Analysis
- 18.3.1. By Material Type
- 18.3.2. By Application
- 18.4. Mexico Market Analysis
- 18.4.1. By Material Type
- 18.4.2. By Application
- 18.5. Brazil Market Analysis
- 18.5.1. By Material Type
- 18.5.2. By Application
- 18.6. Germany Market Analysis
- 18.6.1. By Material Type
- 18.6.2. By Application
- 18.7. Italy Market Analysis
- 18.7.1. By Material Type
- 18.7.2. By Application
- 18.8. Spain Market Analysis
- 18.8.1. By Material Type
- 18.8.2. By Application
- 18.9. BENELUX Market Analysis
- 18.9.1. By Material Type
- 18.9.2. By Application
- 18.10. U.K. Market Analysis
- 18.10.1. By Material Type
- 18.10.2. By Application
- 18.11. Russia Market Analysis
- 18.11.1. By Material Type
- 18.11.2. By Application
- 18.12. France Market Analysis
- 18.12.1. By Material Type
- 18.12.2. By Application
- 18.13. China Market Analysis
- 18.13.1. By Material Type
- 18.13.2. By Application
- 18.14. Japan Market Analysis
- 18.14.1. By Material Type
- 18.14.2. By Application
- 18.15. S. Korea Market Analysis
- 18.15.1. By Material Type
- 18.15.2. By Application
- 18.16. India Market Analysis
- 18.16.1. By Material Type
- 18.16.2. By Application
- 18.17. Association of Southeast Asian Nations Market Analysis
- 18.17.1. By Material Type
- 18.17.2. By Application
- 18.18. Australia and New Zealand Market Analysis
- 18.18.1. By Material Type
- 18.18.2. By Application
- 18.19. Gulf Co-operation Council Countries Market Analysis
- 18.19.1. By Material Type
- 18.19.2. By Application
- 18.20. Northern Africa Market Analysis
- 18.20.1. By Material Type
- 18.20.2. By Application
- 18.21. Turkey Market Analysis
- 18.21.1. By Material Type
- 18.21.2. By Application
- 18.22. South Africa Market Analysis
- 18.22.1. By Material Type
- 18.22.2. By Application
19. Market Structure Analysis
- 19.1. Market Analysis by Tier of Companies (Metallic Glass)
- 19.2. Market Concentration
- 19.3. Market Share Analysis of Top Players
- 19.4. Market Presence Analysis
- 19.4.1. By Regional footprint of Players
- 19.4.2. Product foot print by Players
20. Competition Analysis
- 20.1. Competition Dashboard
- 20.2. Competition Benchmarking
- 20.3. Competition Deep Dive
- 20.3.1. PX Group
- 20.3.1.1. Overview
- 20.3.1.2. Product Portfolio
- 20.3.1.3. Key Financials
- 20.3.1.4. Sales Footprint
- 20.3.1.5. Strategy Overview
- 20.3.1.5.1. Marketing Strategy
- 20.3.1.5.2. Product Strategy
- 20.3.2. Usha Amorphous Metals Limited
- 20.3.2.1. Overview
- 20.3.2.2. Product Portfolio
- 20.3.2.3. Key Financials
- 20.3.2.4. Sales Footprint
- 20.3.2.5. Strategy Overview
- 20.3.2.5.1. Marketing Strategy
- 20.3.2.5.2. Product Strategy
- 20.3.3. Exmet AB
- 20.3.3.1. Overview
- 20.3.3.2. Product Portfolio
- 20.3.3.3. Key Financials
- 20.3.3.4. Sales Footprint
- 20.3.3.5. Strategy Overview
- 20.3.3.5.1. Marketing Strategy
- 20.3.3.5.2. Product Strategy
- 20.3.4. Metglas Inc.
- 20.3.4.1. Overview
- 20.3.4.2. Product Portfolio
- 20.3.4.3. Key Financials
- 20.3.4.4. Sales Footprint
- 20.3.4.5. Strategy Overview
- 20.3.4.5.1. Marketing Strategy
- 20.3.4.5.2. Product Strategy
- 20.3.5. Shanghai Antai Zighao Amorphous Metal
- 20.3.5.1. Overview
- 20.3.5.2. Product Portfolio
- 20.3.5.3. Key Financials
- 20.3.5.4. Sales Footprint
- 20.3.5.5. Strategy Overview
- 20.3.5.5.1. Marketing Strategy
- 20.3.5.5.2. Product Strategy
- 20.3.6. Qingdao Yunlu Energy Technology Co., Ltd.
- 20.3.6.1. Overview
- 20.3.6.2. Product Portfolio
- 20.3.6.3. Key Financials
- 20.3.6.4. Sales Footprint
- 20.3.6.5. Strategy Overview
- 20.3.6.5.1. Marketing Strategy
- 20.3.6.5.2. Product Strategy
- 20.3.7. Materion
- 20.3.7.1. Overview
- 20.3.7.2. Product Portfolio
- 20.3.7.3. Key Financials
- 20.3.7.4. Sales Footprint
- 20.3.7.5. Strategy Overview
- 20.3.7.5.1. Marketing Strategy
- 20.3.7.5.2. Product Strategy
- 20.3.8. Adamant Namiki Precision Jewel Co., Ltd.
- 20.3.8.1. Overview
- 20.3.8.2. Product Portfolio
- 20.3.8.3. Key Financials
- 20.3.8.4. Sales Footprint
- 20.3.8.5. Strategy Overview
- 20.3.8.5.1. Marketing Strategy
- 20.3.8.5.2. Product Strategy
- 20.3.9. Heraeus Group
- 20.3.9.1. Overview
- 20.3.9.2. Product Portfolio
- 20.3.9.3. Key Financials
- 20.3.9.4. Sales Footprint
- 20.3.9.5. Strategy Overview
- 20.3.9.5.1. Marketing Strategy
- 20.3.9.5.2. Product Strategy
- 20.3.10. Eutectix
- 20.3.10.1. Overview
- 20.3.10.2. Product Portfolio
- 20.3.10.3. Key Financials
- 20.3.10.4. Sales Footprint
- 20.3.10.5. Strategy Overview
- 20.3.10.5.1. Marketing Strategy
- 20.3.10.5.2. Product Strategy
21. Assumptions and Acronyms Used
22. Research Methodology