Metal Glass Market 2022
Metal Glass Market to Double in Size by 2030; Declining Demand from Electronics Industry Due to COIVID-19 Pandemic Hurting Market Growth. The global metallic glass market is estimated to expand at a CAGR of 6.5% during the forecast period of 2020-2030.
Amorphous Transformers (AMTDs) hold a prominent share in terms of consumption of metallic glass. Increasing cognizance of the benefits of AMTDs such as decreased energy loss is anticipated to bolster the metallic glass market over the coming years. Moreover, increasing consumer spending on electrical & electronic goods in developing countries is further expected to push the demand for metallic glass over the forecast period.
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Key Companies-
- PX Group
- Usha Amorphous Metals Limited
- Exmet AB
- Metglas Inc.
- Shanghai Antai Zighao Amorphous Metal
- Qingdao Yunlu Energy Technology Co., Ltd.
- Materion
- Adamant Namiki Precision Jewel Co., Ltd.
- Heraeus Group
- Eutectix
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Key Takeaways from Metallic Glass Market Study
- The metal-metal type of metallic is expected to hold a prominent share of the market, and is projected to witness high growth owing to its beneficial mechanical and electrical properties.
- Substantial growth of the electrical & electronics industry is a major factor driving the growth of the metallic glass market.
- North America accounts for a nearly one-third share in the global metallic glass market, owing to the high adoption of metallic glass and presence of major suppliers in the region. The market in East Asia is expected to grow at the highest rate amongst all regions, owing to growth of the electrical & electronics industry and high adoption of metallic glass in the region.
- With increasing need for energy conservation, the global metallic glass market is expected to gain traction over the forecast period.
- Adoption of metallic glass is very low in the MEA region. However, increasing cognizance for the use of metallic glass in the region is expected to increase its demand.
“Major licensors of metallic glass are located in the U.S. and China. Manufacturers are entering the market through collaborations with licensors. As the product is in its development phase, manufacturers are focusing on research & development activities to develop new products and increase the application of metallic glass,” says a PMR analyst.
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Key Questions Answered in PMR’s Metallic Glass Market Report
- Which region is anticipated to hold a prominent market share over the forecast period?
- What will be the key driving factors propelling the demand for metallic glass during the forecast period?
- How current trends will impact the metallic glass market?
- Who are significant market participants in the metallic glass market?
- What are the crucial strategies of prominent players in the metallic glass market to upscale their positions in this landscape?
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