Consumer electronics and wearables is one of the leading applications of bulk metallic glass, owing to the surge in demand for smaller consumer electronics items.
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Bulk Metallic Glass Market – A Global and Regional Analysis.
According to this study, the market size of the global bulk metallic glass market was valued at $47.6 million in 2021 and is projected to reach $246.3 million by 2031.
The following factors are responsible for the increase in demand for bulk metallic glass:
- Increasing use from supporting industries such as electrical, electronics, and sports
- Ability to cast into centimeters rather than micrometers
The detailed study is a compilation of 120 market data tables and 14 figures spread through 147 pages.
Check out the detailed table of content here:
Analyst’s Take on the Market Projection
According to Sanyam Tetarwal, Principal Analyst, BIS Research, “Bulk metallic glass is expected to be the next disruptive material for military and future space applications. An additional advantage of bulk metallic glasses compared to conventional glasses is that these glasses are formed at very low critical cooling rates. Also, distinct properties offered by the bulk metallic glass will revolutionize the future.”
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Existing Competitive Landscape
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Some of the established names in the market are 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 Developments in the Global Bulk Metallic Glass Market
- In January 2022, Liquidmetal Technologies, Inc., through its majority-owned subsidiary, Liquidmetal Golf, entered into a sub-license agreement with Amorphous Technologies Japan Inc. (ATJ), a newly formed Japanese entity established by Twins Corporation. ATJ will concentrate its efforts on creating golf clubs using Liquidmetal’s technology and marketing them across the globe, beginning in Japan, where golf is one of the most popular sports.
- In January 2021, Heraeus AMLOY, together with the University of Graz, started working on the development of the implants from the 3D printer. These 3D-manufactured amorphous implants are biocompatible and can be individually adapted to the patient’s physique.
Metal-Metal to be the Dominating Product Type During the Forecast Period
In the report, the types of bulk metallic glass considered are metal-metal and metal-metalloids. Metal-metal is the dominating segment owing to its various favorable characteristics. Metal-metal led the market in 2021 and is estimated to lead the market during the forecast period 2022-2031.
It is a widely utilized bulk metallic glass, owing to its benefits over metal-metalloid, including its high glass forming ability and higher structural strength. This bulk metallic glass is mostly found in medicinal, wearable, micro-components, and micromechanics.
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