August 24, 2020
As per the latest study titled ‘Metallic Glass Market Size By Product, By Sector, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, worldwide metallic glass market is expected to grow at rapid pace during 2020-2026.
Extensive usage of metallic glass in sporting goods, its application in defense & aerospace industry, as well as flourishing electrical sector are propelling the market growth. Metallic glasses are highly adaptable in nature and are used for creating intricate shapes. Properties such as luster, mirror effect, corrosion & wear resistance, as well as high stiffness are boosting the demand for metallic glasses.
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Moreover, the product is used for manufacturing hunting bows, guns, marine devices, fishing equipment, bicycle frames, scuba gears, golf club heads, and other sporting goods. Besides, beneficial magnetic properties, good mechanical strength, and unique chemical characteristics are creating appealing opportunities for metallic glass market players.
Speaking of the product terrain, metallic glass market is classified into metal-metalloid and metal-metal. As per the report, metal-metalloid segment is estimated to grow with a CAGR of 8.5% during 2020-2026, owing of the better glass forming capability of the product, alongside better characteristics.
Elaborating on the sector, the industry is segmented into sports and electrical & electronics. Metallic glass market share from electrical & electronics segment is poised to reach 80% by the year 2026. The ability of metallic glass to drastically reduce transformer losses is encouraging its usage in AMDT (amorphous metal distribution transformer) and transformers, hence stimulating the market outlook.
Considering regional landscape, Asia Pacific metallic glass market is projected to account for around 33% revenue share by the end of forecast duration, pertaining to dense presence of electrical & electronics manufacturers in the region.
Major players in worldwide metallic glass market are Henan Zhongyue Amorphous New Materials Co., Ltd., Materion Corp., PrometalTech, Heraeus Holding, Epson ATMIX Corp., PX Group SA, Antai Technology Co. Ltd., RS Alloys, Usha Amorphous Metals Ltd., Liquidmetal Technologies Inc., and Hitachi Metals Ltd.