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Metallic glass is an alloy having amorphous or a glassy structure. It is known as an amorphous metal or a glassy metal due to it’s likewise appearance. An amorphous solid is the one that is obtained from liquid and does not crystalize on cooling. In an amorphous solid, atoms are packed in a random manner which prevents it from crystallization. The properties of metallic glass resembles that of amorphous solid. A metallic glass is not similar to a normal glass despite its glass-like appearance. Metallic glass has electrical conductivity and is homogeneous in composition unlike normal glass. There are various methods through which a metallic glass can be produced; rapid cooling, ion irradiation, physical vapor deposition, solid-state reaction, mechanical alloying and others.
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Metallic glass made from alloys of boron, silicon, and phosphorous contain high magnetic susceptibility for which it finds application in automotive, electronics and aerospace industries. Metallic glass also has high fracture and corrosion-resistance properties due to which it finds application in the pharmaceutical industry. Due to various available properties of metallic glass, the product finds application in diverse industries. Metallic glass are ductile, malleable, brittle, and opaque. Based on application, the metallic glass market can be segmented into electronics & electrical, pharmaceutical, defense, sports products, and other. Metallic glass is used to manufacture several products which include cell phone cases and aircraft parts due to its strong structure. Metals are tough materials that are resistant to cracking and brittle fracture; however, they have limited strength. Metallic glasses on the other hand have an exceptional combination of both the strength associated with glass and the toughness of metals. Metallic glass is extensively used to manufacture sports products, followed by electronics and pharmaceuticals. Demand for metallic glass from these industries is expected to boost the global metallic glass market.
In terms of region, the metallic glass market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is observed to dominate the metallic glass market, followed by markets in Europe and Asia Pacific. Demand for metallic glass from end-use industries along with increase in the number of domestic manufacturing units has led to an increase in demand for metallic glass across North America. As North America region is a developed region, high standard of living and rising demand for electronics, pharmaceutical, sports, and other products are expected to drive the metallic glass market. The demand for metallic glass in Asia Pacific region is rising at a considerable pace as compared to other regions. As the electronics, automotive, pharmaceutical and other industry is growing rapidly in the region the demand for metallic glass is observed to be rising. China is the world’s largest electronic market. The country accounts for major share of the metallic glass market across the globe. This is projected to be one of the major reason for boosting demand of metallic glass in Asia Pacific region. Latin America and Middle East & Africa held least share of the metallic glass market in 2016; however the share of the region is projected to rise at a rapid pace during the forecast period.
Key manufacturers operating in the metallic glass market are PrometalTech, Usha Amorphous Metals Limited, Exmet AB, and Metglas Inc. The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications. The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa) The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain. A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period. Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
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