Growing Electric/Electronics Industry to Boost the Sales of Metallic Glass
As per a report published on XploreMR, the global metallic glass market will grow substantially between 2020 and 2030.
The metallic glass market is driven by increasing adoption of electronics and electrical products by the populace. The uniqueness in the form of high strength to weight ratio and material hardness drives metallic glass towards the growth of its market. Moreover, the random arrangements of atoms lets the material have electrical resistivity two-three times higher than the crystalline counterparts, thereby proving as one of the ideal replacements to numerous less-efficient and conventional materials.
Metallic glass, amorphous in nature, has its place in AMDT (Amorphous Metal Distribution Transformer). It is capable enough of reducing “no-load transformer losses” by 70% in comparison with conventional technology. The other advantages include fast flux reversal, low magnetic losses, easy magnetization, less heat generation, and low consumption of energy. All these factors are expected to take metallic glass market on a flourishing ride in the forecast period.
What more could we Drive Home with metallic Glass Market?
Governments across the globe are taking initiatives for boosting the metallic glass industry at the local level. As such, metallic glass is expected to get commercialized in almost every geography going forward.
At the same time, it needs to be noted that high cost involved is likely to hamper the market in the years to come.
By product, the metallic glass market spans “metal-metal” and “metal-metalloid”. The metal-metal sector rules the market due to greater structural strength. The best area of application could be the place where proper ductility and strength are needed. The structure could also get magnetised with the usage of metal-metal combination, thereby rendering it best-suited for several industries like sports, electrical & electronics, and aerospace.
The market participants are also going further with their innovations. For example – Apple, Inc. recently filed a patent in Europe regarding potential usage of the liquid metal in sapphire flexible transparent display. Asus did use metallic glass in its product named “ZenFone 6” for making flip camera. Metallic glass is also used in the form of protective coating for the equipment parts that operate in the aggressive ambience. It also finds its application in micromotors.
The global metallic glass market constitutes North America (Canada, US), Eastern Europe (Russia and Poland), Western Europe (Luxembourg, The Netherlands, Belgium, Nordic countries, Italy, Spain, France, UK, Germany), Asia-Pacific (New Zealand, Australia, ASEAN, Japan, India, China), MEA (North Africa, Southern Africa, GCC), and Latin America (Chile, Peru, Brazil, Mexico, and others).
Asia-Pacific holds the largest market share as of 2019 and the status quo is expected to remain unchanged going forward as well. More than 70% of the world’s production of electric/electronic production happens in the Asia-Pacific (especially Japan, Korea, and India. China had been at the forefront, but Covid-19 has turned the tables).
The key players in the metallic glass market include EPSON ATMIX Corporation, PrometalTech, PX Group SA, Antai technology Co., Ltd., RS Alloys, Usha Amorphous Metals Ltd., Liquidmetal Technologies, Inc., and Hitachi Metals Ltd.
Metallic Glass Market - Scope of the Report
XploreMR recently published a report on the global metallic glass market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the metallic glass market structure. This market research report presents exclusive facts and figures about how the metallic glass market will grow over the forecast period of 2020 to 2030.
Key indicators of market background, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in XploreMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the metallic glass market over the forecast period.
The study is relevant for stakeholders in the metallic glass market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the metallic glass market can leverage the information and statistics presented in XploreMR’s research report.
The report includes facts and figures related to the macro- as well as micro-economic factors that are impacting the growth of the metallic glass market. The study also offers actionable insights based on the future trends in the metallic glass market. Furthermore, regional players and new entrants in the metallic glass market can also use the information presented in this report to make business decisions and gain momentum in the market.
Key Segments of Metallic Glass Market
XploreMR’s study on the metallic glass market is divided into three significant segments- material, application, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.
Key Questions Answered in XploreMR’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?
Metallic Glass Market: Research Methodology
In XploreMR’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the metallic glass market and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by analysts to ensure the precision and reliability of the conclusions.
Secondary resources are referred to by analysts during the evaluation of the metallic glass market, which comprise facts and figures from the World Bank, IMF, US Energy Information Administration, International Energy Agency, local & regional government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, engineering managers, and production managers to provide insightful information.
Comprehensive information acquired from primary and secondary resources is validated from companies operating in the metallic glass market to make XploreMR’s projections on the growth prospects of the market more accurate and reliable.
Global Market Study on Metallic Glass: Rising Cognizance about Benefits of Amorphous Metal Core Transformers to Aid Market GrowthBuy Now
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