Metallic Glass Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global metallic glass market is set to experience robust growth, with a projected Compound Annual Growth Rate (CAGR) of 8% from 2024 to 2031, according to a survey conducted by the publisher. The market is poised to reach a valuation of US$900 Million in 2024, underpinned by a strong focus on commercializing new product portfolios and meeting customer demands.

Exploring Metallic Glass

Metallic glass is a high-performance engineered material that combines unique properties of both metals and glasses. It distinguishes itself with an amorphous atomic structure, similar to glass, as opposed to the typical crystalline atomic structure found in most metals and alloys. Despite its glass-like structure, metallic glass exhibits excellent electrical properties. It is highly corrosion-resistant, possesses high fracture toughness, but retains brittleness and opacity with limited ductility.

Market Dynamics

Energy Conservation Driving Growth

One of the key drivers for the metallic glass market is the increasing awareness of the need for energy conservation. In the Asia-Pacific region, transmission and distribution losses of energy range from 2.8% to 15.6% of total energy consumption. Amorphous Metal Core transformers (AMTDs) have emerged as a preferred solution due to their higher efficiency, leading to energy savings and reduced carbon emissions. The demand for AMTDs is expected to rise, positively impacting the metallic glass market.

Research and Innovations Unveiling Opportunities

Manufacturers of metallic glass are actively engaged in research and development endeavors to discover new applications for this material. The aerospace and sports & leisure industries are experiencing significant growth in the use of metallic glass, driven by its unique physical and mechanical properties. With an expanding range of applications, the demand for metallic glass is expected to increase in the near future.

Trade Barriers and Unfair Practices

The metallic glass market faces challenges due to unfair trade practices and trade barriers. China, for instance, has imposed antidumping duties on Japanese and U.S. metallic glass suppliers, leading to lower production and reduced prices in the global market. These factors have had a negative impact on global metallic glass prices, potentially affecting the market in the future.

Country-wise Insights

North America's Favorable Prospects

The United States is expected to have favorable growth prospects for the metallic glass market, with its collective sales likely to contribute to more than one-fifth of the global market share in 2023. North America, as a whole, is poised to dominate the global metallic glass market in terms of both value and volume. Collaborations with end-use customers and a focus on operational excellence are driving growth in this region.

China's Dominance in East Asia

East Asia is projected to experience substantial growth, primarily driven by new entrants collaborating with major license providers. China, in particular, has imposed anti-dumping duties on U.S. and Japanese metallic glass manufacturers to stimulate local production. Chinese manufacturers have a significant share of the domestic and international market, leading to price competition for U.S.-based metallic glass manufacturers.

Competitive Analysis

The metallic glass market is characterized as moderately consolidated, with unorganized sectors accounting for approximately 50.5% of the overall market share. The organized market comprises leading companies that hold more than 49.5% of the market share. To gain a competitive edge, market participants are increasing their investments in research and development to introduce new products and expand their global presence.

Key Market Participants

Several prominent companies in the metallic glass market include:

• 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

Metallic Glass Market Segmentation

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
• East Asia
• South Asia & Pacific
• Middle East & Africa

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