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Metallic Glass Market Trends

Report ID: GMI4722
Published Date: Aug 2024
Report Format: PDF

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Metallic Glass Market Trends

The metallic glass industry is on an upward trajectory, propelled by its standout features such as exceptional strength, resistance to corrosion, and impressive magnetic capabilities. Noteworthy trends include a rising preference in electronics and consumer goods, driven by the quest for enhanced durability and the trend towards miniaturization. Furthermore, advancements in manufacturing techniques and the evolution of alloys are broadening the scope of applications.

Concurrently, ongoing research is focused on elevating the material's properties and streamlining production costs. Notably, the automotive and aerospace sectors are eyeing metallic glasses for their promise in crafting lightweight, high-performance components. These developments underscore a surge in innovation, underscoring the market's expanding potential, especially in cutting-edge applications.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of metallic glass reached USD 1.6 billion in 2023 and is set to expand at over 6.1% CAGR from 2024 to 2032, led by a rising appetite for high-performance materials and continuous R&D efforts aimed at expanding their applications and enhancing their properties.

The electrical & electronics segment will observe around 5.8% CAGR through 2032, attributed to the materials superior electrical and magnetic characteristics.

Asia Pacific market will record 6.6% CAGR during 2024 and 2032, owing to wider product utilization, especially in sectors like electronics, automotive, and aerospace, which require cutting-edge materials and tech-driven products.

Hitachi Metals Ltd., Liquidmetal Technologies Inc., Usha Amorphous Metals Limited, RS Alloys, Antai Technology Co., Ltd., PX Group SA, EPSON ATMIX Corporation, Heraeus Holding, PrometalTech, and Materion Corporation.