Metallic Glass Market

Global Metallic Glass Market Snapshot

[203 Pages Report] Persistence Market Research has conducted a new survey of global metallic glass market for the forecast period of 2023 to 2033. According to the survey the market depicts high growth prospects with a Compound Annual Growth Rate (CAGR) of 6.5% throughout the assessment period. Strong focus to commercialize new product portfolio and also to expand products based on customers’ demand will play a key role in propelling market growth. In 2023, the global metallic glass market is expected to top a valuation of US$ 896.3 Million.

Metallic Glass can be defined as a type of high performance engineered material which uniquely exhibits selective properties of both metals and glasses. Metallic glass is a metal alloy with an atomic structure that is amorphous in nature (similar to the structure of glass) rather than the typical crystalline atomic structure of most metals and alloy; however unlike glass has excellent electrical properties. Metallic glasses are highly corrosion resistant and possess high fracture toughness, but are also brittle and opaque in nature with limited ductility.

FREE Report Sample is Available

In-depth report coverage is now just a few seconds away

Get FREE Report Sample

Historical (2018 to 2022) Vs. Forecast (2023 to 2033) Market Outlook

During the historical period of 2018 to 2022, the metallic glass market grew at a CAGR of 5.8%. 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 electronic industry is one of the most dynamic sectors of the economy. The rapid surge in the growth of the electronic industry has impelled dramatic changes in the electronic parts. Consequently, systems, components and devices get fast obsolete in the fast changing technology market. Various electronic parts that compose a product have a life cycle, which is significantly shorter than the life cycle of the product, owing to various economical as well as technological reasons

The growing demand for AMTDs and electronic goods, metallic glass is becoming popular, which is slated to increase demand over the forecast period. With increasing need for energy conservation, global metallic glass market is expected to gain traction over forecast 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. The global metallic glass market is anticipated to reach a valuation of US$ 1,679.0 million by the end of 2033 and is likely to represent post-pandemic growth rate of about 6.5% throughout the forecast period.

Make This Report Your Own

Take Advantage of Intelligence Tailored to your Business Objective

Get a Customized Version

Market Dynamics

How increasing awareness for energy conservation bolstering the market growth?

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 the 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 impact the metallic glass market positively.

How can research and innovations fetch lucrative opportunities in metallic glass market?

Metallic glass manufacturers are continuously engaged in research and development activities to develop new applications of metallic glass. Metallic glass use in aerospace and sports & leisure industries is growing significantly owing to its physical and mechanical properties. With increasing applications, demand for metallic glass is expected to increase in upcoming future.

How unfair trade practices and trade barriers negatively impact profit margins?

China has imposed antidumping duty on Japanese and the U.S. metallic glass suppliers for its sale in China and are supplying low cost China’s metallic glass to the U.S. market. This has forced U.S. metallic glass manufacturers to lower the production and cut the prices significantly to sustain the competition. This factor impacted to the global prices of metallic glass which in turn is expected to hamper the market in upcoming future.

Market Research Methodology

-Perfect through Years of Diligence

Check Research Methodology

Category-wise Analysis

Why Do Metal-Metal Segment Dominate the Metallic Glass Market?

“Metal-Metal segment of metallic glass dominate the market by sales”

On the basis of product type, the metal-metal segment is predicted to account for significant share in terms of revenue in the market. Metal-Metal segment of metallic glass is estimated to be growing at highest CAGR owing to their, wide application fast processing, improved mechanical reliability and better work ability. Metal-Metal segment is expected to be most attractive segment in terms of market share and growth rate.

How Increasing Sales of Electrical & Electronic Products Boosting Sales in the Market?

“Electrical & electronic products segment of metallic glass dominate the market by sales”

On the basis of application, the electrical & electronic products segment is expected to hold the prominent share of global metallic glass market and is expected to grow at highest rate. Metallic glass is used in wide range of electrical & electronic products. Electronics industry including consumer electronics is gaining traction on account of increasing consumer spending. Increasing use of AMTDs is expected to further benefit the segment and thereby impact the global metallic glass market positively.

Sales Team
Client Partner

Let's Connect

Connect me to identify winning opportunities

Ask An Expert

I'm Available

Country-wise Insights

What are the future prospects for metallic glass market in North America?

“U.S. to have favorable growth prospects for metallic glass market”

According to the persistence market research, U.S. is expected to hold a dominant share in the North America market, whereas, the collective sales of metallic glass in the country are likely to make up for greater than one-fifth of the global market share in 2023.

North America is expected to dominate the global metallic glass market in term of value as well as volume. Focus on capturing profitable growth through collaboration with end use customers and continuing to meet or exceed targets through continued operational excellence. Moreover, pursuing additional step-change growth opportunities to unlock further value.

How is East Asia posed in the global metallic glass market?

“China to remain a dominant player across the East Asia metallic glass market”

East Asia is estimated to grow with relatively high CAGR throughout the forecast period owing to new entrants entering the market in collaboration with major license providers. China has imposed anti-dumping duties on the U.S. and Japanese metallic glass manufacture to restrict the imports and increase the opportunities for local manufacturers.

Chinese metallic glass production capacity is sufficient to satisfy the local need and export to countries such as the U.S. China supplies 15-20% of the domestic demand of the U.S. Owing to increasing low cost imports from China, the U.S. Based metallic glass manufacturers are forced to decrease the price to sustain the ongoing competition.

China is a product assembly base and imports various components and parts from several Asian countries and exports it 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 electronic industry in China. This fund helps in addressing the issues faced by small and medium electronic manufacturers which have folded recently. This fund has also expanded the country’s technology capabilities and support the country’s significant electronics supply chain.

Competitive Landscape

The metallic glass market as per the given scope of research has been identified as a fairly consolidated market with the unorganized sector having a share of nearly 50.5% of the overall market. The organized market consists of leading companies which holds more than 49.5% of market share. To gain competitive advantage in the market, market participants are investing more in R&D activities to launch new products and strengthen their global footprint.

A few key developments in the market are listed below:

• In June 2020, the company launched its new product Metglas amorphous metal transformer core with an effort of reducing transformer losses and gaining more efficiency.
• In June 2020, the company acquired Optic Blazer AG, a thin film coating manufacturer to increase its coating business and also to extend its market in Europe and Asia.

Similarly, recent developments related to companies manufacturing metallic glass have been tracked by the team at Persistence Market Research, which is available in the full report.

Scope of Report

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