Bulk Metallic Glass Market - A Global and Regional Analysis: Focus on End-Use Application, Product Type, Technology Type, and Region - Analysis and Forecast, 2022-2031

Report Highlights

Global Bulk Metallic Glass Market to Reach $246.3 Million by 2031

Market Segmentation

Segmentation 1: by End-Use Application

• Consumer Electronics and Wearables
• Biomedical
• Sporting Equipment
• Aerospace/Defence
• Others

The bulk metallic glass market based on the end-use application segment is expected to be dominated by consumer electronics and wearables. This is due to the unique properties offered by BMGs coupled with a wide variety of technological advancements and intensive research to provide smaller consumer electronics items.

Segmentation 2: by Product Type

• Metal-Metal
• Metal-Metalloid

The bulk metallic glass market is dominated by the metal-metal product type. This is because these glasses offer higher structural strength and enable the material to be used in places with the requirement of high strength and good ductility. It also allows the structure to be magnetized, supporting them to be used broadly across various industrial industries.

Segmentation 3: by Technology Type

• Casting
• Thermoplastic Forming
• 3D Printing

Casting technology type led the bulk metallic glass market in 2021 and is expected to dominate the market during the forecast period 2022-2031. As it is one of the most tested technologies to produce amorphous metals in huge quantities. Moreover, this technology is low-priced as compared to other technologies, such as thermoplastic forming.

Segmentation 4: by Region

• North America - U.S., Canada, and Mexico
• Europe - Germany, France, Italy, and Rest-of-Europe
• U.K.
• Asia-Pacific and Japan - China, Japan, South Korea, and Rest-of-Asia-Pacific and Japan
• Rest-of-the-World - South America and the Middle East and Africa

Asia-Pacific and Japan led the bulk metallic glass market in 2021, and it is anticipated to uphold its dominance throughout the forecast period.

Recent Developments in Bulk Metallic Glass Market

• 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.
• 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.

Demand – Drivers and Limitations

Following are the demand drivers for the bulk metallic glass market:

• Increasing Use from Supporting Industries Such as Electrical, Electronics, and Sports
• Ability to Cast into Centimeters Rather than Micrometers

The market is expected to face some limitations too due to the following challenges:

• Brittle Nature of Bulk Metallic Glass
• Complex Fabrication Process

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different types of bulk metallic glass available and their potential globally. Moreover, the study provides the reader with a detailed understanding of the different bulk metallic glass applications in consumer electronics and wearables, sporting equipment, biomedical, aerospace/defense, and others.

Growth/Marketing Strategy: The bulk metallic glass market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. For instance, in January 2022, Liquidmetal Technologies, Inc., through its majority-owned subsidiary, Liquidmetal Golf, entered into a sub-license agreement with Amorphous Technologies Japan (ATJ) Inc., 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.

Competitive Strategy:Key players in the bulk metallic glass market analyzed and profiled in the study involve bulk metallic glass manufacturers. Moreover, a detailed competitive benchmarking of the players operating in the bulk metallic glass market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Industrial Impact

Booming product consumption in the electrical, electronics, and sports sectors is the chief factor augmenting the overall market growth. Additionally, BMGs have great potential in biomedical applications ranging from orthopedic and cardiovascular to dental implants and fillers. The U.S. has the largest industry for bulk metallic glass, as the country inhabits a healthy environment for technological developments and advancements.