The Global Bulk Metallic Glass Market Size is valued at 65.90 million in 2023 and is predicted to reach 264.31 million by the year 2031 at an 19.21% CAGR during the forecast period.
Bulk metallic glasses (BMGs) have more exceptional mechanical characteristics, higher fracture toughness, higher elastic strain limit, decreased Elastic modulus, and are degradable without growing hydrogel. The increasing demand from ancillary sectors like electrical, electronics, and sports is anticipated to fuel the expansion of the bulk metallic glass market.
The industrialization of bulk metallic glass is being accelerated by increased research and development initiatives. From robust cell phones to personalized electronic gadgets like MP3 players and personal digital assistants, BMGs have found numerous widespread and diverse uses in the industry of electronics and electricity.The main factor driving the expansion of the entire industry is the increasing customer use of the electricity, amusement, and sports industries. Much promise exists for BMGs in biological disciplines, including sports medicine, cardiac, and even dental procedures and fillers.
Recent Developments:
- In January 2022-A sub-license agreement was signed by Liquidmetal Technologies, Inc. through its majority-owned subsidiary, Liquidmetal Golf, and Amorphous Technologies Japan (ATJ) Inc., a newly formed Japanese company founded by Twins Corporation.
Competitive Landscape:
Major key players in the bulk metallic glass market are:
- Adamant Namiki Precision Jewel Co., Ltd.
- RS ACCIAI S.r.l.
- Vulkam
- Heraeus Holding
- Eutectix LLC
- Hitachi Metals, Ltd.
- Liquidmetal Technologies, Inc.
- Supercool Metals
- Dongguan Yihao Metal Material Technology Co., Ltd.
- PX Group
- Glassimetal Technology, Inc.
- Exmet Amorphous Technology AB
- Epson Atmix Corporation
- Zhaojing Technology Co., Ltd.
- Qingdao Yunlu Advanced Materials Technology Co., Ltd
Market Segmentation:
The bulk metallic glass market is segmented based on end users, products, and technology. Based on end users, the market is segmented as consumer electronics and wearables, biomedical, sporting equipment, aerospace/defense, etc. Based on product, the bulk metallic glass market is segmented as metal-metal and metal-metalloid. The market is segmented by technology into casting, thermoplastic forming and 3D printing.
Based on product, the metal-metal segment is a major contributor to the bulk metallic glass market.
The metal-metal category will hold a significant share of the global bulk metallic glass market in 2021. The metal-metal type often consists of a whole metal composition with additional metal content ranging from 9–10% to a significant amount, resulting in enhanced structural strength. The main driver propelling the metal-metal segment is growing utilization from ancillary industries, including electrical & electronics, sports, aircraft, etc. Material is now widely employed in producing electronics and parts because of advancements in circuitry and tooling. Manufacturers are increasingly incorporating metallic glass to provide efficiency and aesthetic advantages, creating an opportunity given the rising need for highly built and competent electronics.
The biomedical segment witnessed growth at a rapid rate.
The biomedical segment is projected to increase in the global bulk metallic glass market. The biomedical metal segment is growing significantly higher than the overall industry average, owing to the android market for orthopedic implants, cardiorespiratory implants, and others enjoying strong growth. Advances in nanomaterials significantly accelerate the progress of the therapeutic device sector., especially in countries such as the US, Germany, the UK, China, and India. [D2]
The North American bulk metallic glass market holds a significant regional revenue share.
The North American bulk metallic glass market is expected to register the highest market share in revenue shortly. Manufacturers have extensively incorporated metallic glass to provide functionality and aesthetic advantage, creating an opportunity in this area due to the growing demand for highly built and capable electronics. In addition, Asia Pacific is projected to grow rapidly in the global bulk metallic glass market. China and Japan are some of the largest commercial centers for metallic glass in the Asia Pacific region. Government initiatives and policies and increased demand for electrical items have increased private and recognized players' expenditures.
Bulk Metallic Glass Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 65.90 million |
|
Revenue forecast in 2031 |
USD 264.31 million |
|
Growth rate CAGR |
CAGR of 18.96% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, Volume in Tons and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments covered |
End-user, Products, Technology |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Adamant Namiki Precision Jewel Co., Ltd., RS ACCIAI S.r.l., Vulkam, Heraeus Holdin, Eutectix LLC, Hitachi Metals, Ltd., Liquidmetal Technologies, Inc., Supercool Metal, Dongguan Yihao Metal Material Technology Co., Ltd., PX Grou, Glassimetal Technology, Inc, Exmet Amorphous Technology AB, Epson Atmix Corporation, Zhaojing Technology Co., Ltd and Qingdao Yunlu Advanced Materials Technology Co., Ltd. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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