Metallic Glass Market
Global Market Study on Metallic Glass: Rising Cognizance about Benefits of Amorphous Metal Core Transformers to Aid Market Growth
Metallic Glass Market Segmented By Metal-Metal, Metal-Metalloid Material in Electrical & Electronic Products, Magnetic Products, Sensors & Measuring Instruments
Transmission and distribution losses in the Asia Pacific region range between 2.8% and 15.6% of total energy consumption. There is significant potential to save energy and reduce costs and carbon emissions through an increase in distribution transformer efficiency, as approximately one-third of transmission and distribution losses take place in distribution transformers,. In this situation, amorphous metal core transformers (AMTDs) are preferred as they are more efficient as compared to other transformers.
Increasing awareness for energy conservation is expected to push the demand for AMTDs, and thereby positively impact the expansion of the metallic glass market size.
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- PX Group
- Usha Amorphous Metals Limited
- Exmet AB
- Metglas Inc.
- Shanghai Antai Zighao Amorphous Metal
- Qingdao Yunlu Energy Technology Co., Ltd.
- Adamant Namiki Precision Jewel Co., Ltd.
- Heraeus Group
Growth in Research & Development Activities Aiding Market Growth
Manufacturers in the metallic glass market are continuously engaged in research & development activities to develop new applications of metallic glass. Metallic glass used in aerospace and sports & leisure industries is growing significantly, owing to its physical and mechanical properties. With increasing applications, the metallic glass market is expected to grow at a decent pace in the future.
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Rising Investments in Electronic Manufacturing Surging Sales
The electronics industry is one of the most dynamic sectors of the economy. Rapid surge in the growth of the electronics industry has led to dramatic changes in investments in the electronics manufacturing industry.
The ASEAN region has greatly benefited from the electronics industry by integrating production networks, which foster enhanced trade with larger Asian economies such as China.
However, China plays an essential role in the Asian electronics industry, not as a competitor but as a growing market. China is a product assembly base, and imports various components and parts from several Asian countries, and exports worldwide.
For instance, in January 2016, China’s Ministry of Industry and Information Technology, in partnership with an industry group and Ping An Bank, set up a US$ 30 Bn fund for the electronics industry in the country.
This fund helps in addressing issues faced by small and medium electronic manufacturers that have folded recently. This fund has also expanded the country’s technology capabilities and supports its significant electronics supply chain.
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Unfair Trade Practices and Trade Barriers to Impact Market Growth
China has imposed antidumping duty on Japanese and U.S. metallic glass suppliers for sales in the country, and is supplying low cost metallic glass to the U.S. market.
This has forced manufacturers in the U.S. metallic glass market to lower production and cut prices significantly to sustain the competition. This factor has impacted the global prices of metallic glass, which, in turn, is expected to hamper the market in the future.
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Metallic Glass Market: Structure Analysis
Tier-1 players account for around 25%- 30% of the global metallic glass market share, which is a consolidated space. Key participants in the global metallic glass market are Hitachi (Metglas), Shanghai Antai Zighao Amorphous Metals, Materion Corporation, Usha Amorphous Metal, Adamant Namiki Precision Jewel Co., Ltd., Qingdao Yunlu Energy Technology Co., Ltd., Heraeus Group, Epson Atmix Corp, RS Alloys, Eutectix, and others. To gain a competitive advantage in the industry, market participants are investing more in R&D activities to launch new products.
COVID-19 Impact on Metallic Glass Market
The COVID-19 pandemic has affected almost all sectors and countries around the globe, as a result of lockdowns, trade restrictions, and suspension of import-export activities.
The electrical & electronics industry is expected to witness a decline during the pandemic, owing to disruptions in the supply chain, at least during 2020-2021. As such, demand for metallic glass will take a hit in the same time period.
The global metallic glass market is estimated to witness substantial growth, owing to increasing usage in the electrical & electronics industry, where it can be used as a core or case or for other applications. North America is anticipated to account for less than one-third of the global metallic glass market in 2020. The electrical & electronic products segment is estimated to hold more than three-fourth of the market share, and is projected to dominate the market over the forecast period.
Key Segments of Metallic Glass Market
PMR’s study on the metallic glass market is divided into three significant segments- material, application, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.
Key Questions Answered in PMR’s Metallic Glass Market Report
- Which region is anticipated to hold a prominent market share over the forecast period?
- What will be the key driving factors propelling the demand for metallic glass during the forecast period?
- How current trends will impact the metallic glass market?
- Who are significant market participants in the metallic glass market?
- What are the crucial strategies of prominent players in the metallic glass market to upscale their positions in this landscape?