Global Bulk Metallic Glass Market 2021
- Market Report
- ID: DMT907GB
- Delivery Time: 1 Business Day
- Tag: Bulk Metallic Glass
The global bulk metallic glass market is expected to reach $246.3 million by 2031, growing at a CAGR of 17.9% during the forecast period 2022-2031. The increasing usage of bulk metallic glass in supporting industries such as electrical, electronics, and sports is driving the market growth.
Bulk metallic glasses (BMGs), also known as liquid metals or amorphous alloys, are relatively new biomaterials that have gained attention for their unique properties. They have higher strength, lower Young’s modulus, improved wear resistance, good fatigue endurance, and excellent corrosion resistance compared to traditional alloys.
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USD 246.3 Mn incremental growth between 2021 and 2026
End-Use Application, Product Type, Technology Type, Region
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The demand for bulk metallic glass is driven by its wide range of applications in the electrical and electronics industry, from durable mobile phones to personal electronic devices. Additionally, BMGs have potential in biomedical applications such as orthopedic and cardiovascular implants.
The United States has the largest bulk metallic glass industry due to its favorable environment for technological developments. However, the market may face limitations due to the brittle nature of BMGs and the complex fabrication process.
The market is segmented based on end-use application, product type, technology type, and region. The consumer electronics and wearables segment dominates the market due to the unique properties of BMGs that cater to the demand for smaller consumer electronics items. Metal-metal is the dominant product type, offering higher structural strength and magnetization capabilities. Casting is the leading technology type, as it is a tested and cost-effective method for producing amorphous metals. Asia-Pacific and Japan lead the market, driven by urbanization, population growth, and demand from various industries.
Overall, the bulk metallic glass market is poised for significant growth, fueled by increasing applications across industries and technological advancements.
The selection of the profiled companies was based on inputs obtained from primary experts, as well as an analysis of company coverage, product portfolio, and market penetration.
Key companies profiled in this report include 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.
Recent Industry Developments
In January 2021, Heraeus AMLOY and the University of Graz commenced collaborative efforts to develop implants using 3D printing technology. These amorphous implants, manufactured through 3D printing, exhibit biocompatibility and can be customized according to each patient’s physical characteristics.
In January 2022, Liquidmetal Technologies, Inc., operating predominantly through its subsidiary, Liquidmetal Golf, entered into a sub-license agreement with Amorphous Technologies Japan Inc. (ATJ), a newly established Japanese entity under Twins Corporation. ATJ will primarily focus on leveraging Liquidmetal’s technology to create golf clubs and promote their global distribution, beginning with Japan, where golf enjoys significant popularity as a sport.
Key Questions Answered
What are the significant factors and trends influencing the bulk metallic glass market?
What are the critical success factors for achieving commercialization of bulk metallic glass?
Among end-use industries, which type of bulk metallic glass (metal-metal or metal-metalloid) is most preferred and why?
How has the global bulk metallic glass market been affected by COVID-19, and how are industry players adapting and innovating to mitigate these impacts?
What are some of the factors that are restraining the growth of the bulk metallic glass market?