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GLOBAL BULK METALLIC GLASS MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Global Bulk Metallic Glass Market by Product Type (Metal-metal, Metal-metalloid) Market by Technology (Casting, Thermoplastic Forming, 3D Printing) by Geography


MARKET OVERVIEW

The global bulk metallic glass market is expected to reach $xx million by 2032, growing at a CAGR of 17.65% during the forecast period 2024-2032. The base year considered for the study is 2023, and the estimated period is between 2024 and 2032. The market study has also analyzed the impact of COVID-19 on the bulk metallic glass market qualitatively as well as quantitatively.

Bulk metallic glasses (BMGs) are metallic materials with an amorphous structure, similar to glass, instead of the typical crystalline structure found in most metals. This unique structure gives them several advantageous properties, including high strength and stiffness, excellent elastic limit, corrosion resistance, and lightweight. These properties make BMGs attractive for various applications across different industries.

As knowledge about BMG properties and potential applications spreads, industries are recognizing their potential advantages over traditional materials. Research and development efforts are continuously improving BMG production techniques, reducing costs, and expanding material composition options, making them more accessible and adaptable.

Bulk Metallic Glass Market

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GROWTH ENABLERS

Key enablers of the global bulk metallic glass market growth:

  • Growing utilization from allied industries
    • Bulk metallic glasses (BMGs) are gaining significant traction across various allied industries due to their unique properties. BMGs offer superior strength-to-weight ratios compared to traditional metals, making them ideal for lightweighting components. BMGs are being explored for lightweighting airframes, landing gear, and other critical parts for improved fuel efficiency and performance.
    • BMGs exhibit remarkable resistance to corrosion, extending product lifespan and reducing maintenance needs in harsh environments. BMGs’ wear resistance and corrosion resistance can enhance the durability and reliability of electronic connectors.
  • Versatile casting capability

GROWTH RESTRAINTS

Key growth restraining factors of the global bulk metallic glass market:

  • Fragility aspect of bulk metallic glass
  • Complex fabrication process
    • The multi-step fabrication process is energy-intensive and requires specialized equipment, making BMGs more expensive to produce than conventional materials.
    • The complex nature of the fabrication process and the specialized equipment required may limit the scalability of BMG production. Achieving consistent quality and large-scale production volumes can be challenging, especially for niche or custom applications. 
    • Limited scalability can hinder the ability of BMGs to penetrate mainstream markets and restrict their commercial viability.

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KEY MARKET TRENDS

Global Bulk Metallic Glass Market | Top Trends

  • Additive manufacturing (AM), also known as 3D printing, holds immense potential for revolutionizing the fabrication of bulk metallic glasses (BMGs). Researchers are developing new BMG compositions specifically designed for AM, with improved printability, reduced cracking susceptibility, and tailored properties. Intensive research is ongoing to optimize AM parameters like laser power, scan speed, and build temperature to achieve high-quality BMG parts with desired properties.

MARKET SEGMENTATION

Market Segmentation – Product Type and Technology –

Market by Product Type:

  • Metal-Metal
  • Metal-Metalloid

Market by Technology:

  • Casting
  • Thermoplastic Forming
    • Thermoplastic forming in bulk metallic glasses (BMGs) refers to a process of shaping or molding these materials at elevated temperatures, where the BMGs exhibit a supercooled liquid state, enabling them to be plastically deformed, similar to conventional thermoplastics.
    • Once in the supercooled liquid state, the BMG can be formed into desired shapes or geometries using various molding or shaping techniques. Common methods include injection molding, compression molding, or thermoforming, where the softened BMG is forced into a mold cavity under pressure and allowed to cool and solidify into the desired shape.
    • Thermoplastic forming of BMGs offers the advantage of producing components with complex geometries and near-net shapes with high dimensional accuracy and surface finish.
  • 3D Printing

Geographical Study Based on Four Major Regions:

  • North America: The United States and Canada
    • The market for bulk metallic glasses (BMGs) in North America is experiencing steady growth driven by various factors such as technological advancements, increasing demand from key industries, and growing awareness of the unique properties and applications of BMGs.
    • North America, particularly the United States, is a hub for research and development in materials science, metallurgy, and advanced manufacturing technologies. Universities, research institutions, and corporate R&D centers in the region are actively engaged in studying BMGs, exploring new compositions, processing techniques, and applications. This focus on innovation and technological advancements is driving the growth of the BMG market in North America.
    • The BMG market in North America is fueled by the rising demand from key industries such as aerospace, automotive, healthcare, and consumer electronics.
  • Europe: The United Kingdom, Germany, France, Italy, Spain, and Rest of Europe 
  • Asia-Pacific: China, Japan, India, South Korea, and Rest of Asia-Pacific
  • Rest of World: Latin America, the Middle East & Africa

Major players in the global bulk metallic glass market:

  • Orbray Co Ltd
  • Epson Atmix Corporation 
  • Eutectix Llc
  • Heraeus Holding
  • Proterial Ltd

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments AnalyzedProduct Type and Technology
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies AnalyzedOrbray Co Ltd, Epson Atmix Corporation, Eutectix Llc, Heraeus Holding, Glassimetal Technology Inc, Proterial Ltd, Liquidmetal Technologies Inc, Materion Corporation, Rs Acciai SRL, Vulkan, Zhejiang Zhaojing Electrical Technology Co Ltd, Qingdao Yunlu Advanced Materials Technology Co Ltd

TABLE OF CONTENTS

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. GROWING PRODUCT ADOPTION IN AEROSPACE/DEFENSE AND ROBOTICS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. GROWING UTILIZATION FROM ALLIED INDUSTRIES
      2. VERSATILE CASTING CAPABILITY 
    2. KEY RESTRAINTS
      1. FRAGILITY ASPECT OF BULK METALLIC GLASS
      2. COMPLEX FABRICATION PROCESS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. RISING NEED OF BIOMATERIALS IN BIOMEDICAL APPLICATIONS
      2. DEVELOPMENTS IN ADDITIVE MANUFACTURING FOR BULK METALLIC GLASS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR NORTH AMERICA
      2. GROWTH PROSPECT MAPPING FOR EUROPE
      3. GROWTH PROSPECT MAPPING FOR ASIA-PACIFIC
      4. GROWTH PROSPECT MAPPING FOR REST OF WORLD
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
  5. MARKET BY PRODUCT TYPE
    1. METAL-METAL
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    2. METAL-METALLOID
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY TECHNOLOGY
    1. CASTING
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    2. THERMOPLASTIC FORMING
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
    3. 3D PRINTING
      1. MARKET FORECAST REVENUE & FIGURE
      2. SEGMENT ANALYSIS
  7. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA BULK METALLIC GLASS MARKET DRIVERS
      3. NORTH AMERICA BULK METALLIC GLASS MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA BULK METALLIC GLASS MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES BULK METALLIC GLASS MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA BULK METALLIC GLASS MARKET SIZE & OPPORTUNITIES
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE BULK METALLIC GLASS MARKET DRIVERS
      3. EUROPE BULK METALLIC GLASS MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE BULK METALLIC GLASS MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM BULK METALLIC GLASS MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY BULK METALLIC GLASS MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE BULK METALLIC GLASS MARKET SIZE & OPPORTUNITIES
        4. SPAIN
          1. SPAIN BULK METALLIC GLASS MARKET SIZE & OPPORTUNITIES
        5. ITALY
          1. ITALY BULK METALLIC GLASS MARKET SIZE & OPPORTUNITIES
        6. REST OF EUROPE
          1. REST OF EUROPE BULK METALLIC GLASS MARKET SIZE & OPPORTUNITIES
    3. ASIA-PACIFIC
      1. MARKET ESTIMATES & SIZES
      2. ASIA-PACIFIC BULK METALLIC GLASS MARKET DRIVERS
      3. ASIA-PACIFIC BULK METALLIC GLASS MARKET CHALLENGES
      4. KEY PLAYERS IN ASIA-PACIFIC BULK METALLIC GLASS MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA BULK METALLIC GLASS MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN BULK METALLIC GLASS MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA BULK METALLIC GLASS MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA BULK METALLIC GLASS MARKET SIZE & OPPORTUNITIES
        5. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC BULK METALLIC GLASS MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET ESTIMATES & SIZES
      2. REST OF WORLD BULK METALLIC GLASS MARKET DRIVERS
      3. REST OF WORLD BULK METALLIC GLASS MARKET CHALLENGES
      4. KEY PLAYERS IN REST OF WORLD BULK METALLIC GLASS MARKET
      5. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA BULK METALLIC GLASS MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA BULK METALLIC GLASS MARKET SIZE & OPPORTUNITIES
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PARTNERSHIPS & AGREEMENTS
      3. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ORBRAY CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      2. EPSON ATMIX CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. EUTECTIX LLC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. HERAEUS HOLDING
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. GLASSIMETAL TECHNOLOGY INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. PROTERIAL LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      7. LIQUIDMETAL TECHNOLOGIES INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      8. MATERION CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      9. RS ACCIAI SRL
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      10. VULKAN
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      11. ZHEJIANG ZHAOJING ELECTRICAL TECHNOLOGY CO., LTD.
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      12. QINGDAO YUNLU ADVANCED MATERIALS TECHNOLOGY CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – BULK METALLIC GLASS

TABLE 2: GLOBAL BULK METALLIC GLASS MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: GLOBAL BULK METALLIC GLASS MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 4: GLOBAL METAL-METAL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: GLOBAL METAL-METAL MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6: GLOBAL METAL-METALLOID MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: GLOBAL METAL-METALLOID MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 8: GLOBAL BULK METALLIC GLASS MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: GLOBAL BULK METALLIC GLASS MARKET, BY TECHNOLOGY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 10: GLOBAL CASTING MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: GLOBAL CASTING MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 12: GLOBAL THERMOPLASTIC FORMING MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: GLOBAL THERMOPLASTIC FORMING MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 14: GLOBAL 3D PRINTING MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15: GLOBAL 3D PRINTING MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 16: GLOBAL BULK METALLIC GLASS MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 17: GLOBAL BULK METALLIC GLASS MARKET, BY GEOGRAPHY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 18: NORTH AMERICA BULK METALLIC GLASS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 19: NORTH AMERICA BULK METALLIC GLASS MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 20: KEY PLAYERS OPERATING IN NORTH AMERICA BULK METALLIC GLASS MARKET

TABLE 21: EUROPE BULK METALLIC GLASS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 22: EUROPE BULK METALLIC GLASS MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 23: KEY PLAYERS OPERATING IN EUROPE BULK METALLIC GLASS MARKET

TABLE 24: ASIA-PACIFIC BULK METALLIC GLASS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 25: ASIA-PACIFIC BULK METALLIC GLASS MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 26: KEY PLAYERS OPERATING IN ASIA-PACIFIC BULK METALLIC GLASS MARKET

TABLE 27: REST OF WORLD BULK METALLIC GLASS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 28: REST OF WORLD BULK METALLIC GLASS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 29: KEY PLAYERS OPERATING IN REST OF WORLD BULK METALLIC GLASS MARKET

TABLE 30: LIST OF MERGERS & ACQUISITIONS

TABLE 31: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 32: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR NORTH AMERICA

FIGURE 4: GROWTH PROSPECT MAPPING FOR EUROPE

FIGURE 5: GROWTH PROSPECT MAPPING FOR ASIA-PACIFIC

FIGURE 6: GROWTH PROSPECT MAPPING FOR REST OF WORLD

FIGURE 7: MARKET MATURITY ANALYSIS

FIGURE 8: MARKET CONCENTRATION ANALYSIS

FIGURE 9: GLOBAL BULK METALLIC GLASS MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2023

FIGURE 10: GLOBAL BULK METALLIC GLASS MARKET, BY METAL-METAL, 2024-2032 (IN $ MILLION)

FIGURE 11: GLOBAL BULK METALLIC GLASS MARKET, BY METAL-METALLOID, 2024-2032 (IN $ MILLION)

FIGURE 12: GLOBAL BULK METALLIC GLASS MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2023

FIGURE 13: GLOBAL BULK METALLIC GLASS MARKET, BY CASTING, 2024-2032 (IN $ MILLION)

FIGURE 14: GLOBAL BULK METALLIC GLASS MARKET, BY THERMOPLASTIC FORMING, 2024-2032 (IN $ MILLION)

FIGURE 15: GLOBAL BULK METALLIC GLASS MARKET, BY 3D PRINTING, 2024-2032 (IN $ MILLION)

FIGURE 16: NORTH AMERICA BULK METALLIC GLASS MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 17: UNITED STATES BULK METALLIC GLASS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 18: CANADA BULK METALLIC GLASS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 19: EUROPE BULK METALLIC GLASS MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 20: UNITED KINGDOM BULK METALLIC GLASS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 21: GERMANY BULK METALLIC GLASS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 22: FRANCE BULK METALLIC GLASS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 23: SPAIN BULK METALLIC GLASS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 24: ITALY BULK METALLIC GLASS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 25: REST OF EUROPE BULK METALLIC GLASS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 26: ASIA-PACIFIC BULK METALLIC GLASS MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN%)

FIGURE 27: CHINA BULK METALLIC GLASS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 28: JAPAN BULK METALLIC GLASS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 29: INDIA BULK METALLIC GLASS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 30: SOUTH KOREA BULK METALLIC GLASS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 31: REST OF ASIA-PACIFIC BULK METALLIC GLASS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 32: REST OF WORLD BULK METALLIC GLASS MARKET, REGIONAL OUTLOOK, 2023 & 2032 (IN %)

FIGURE 33: LATIN AMERICA BULK METALLIC GLASS MARKET, 2024-2032 (IN $ MILLION)

FIGURE 34: MIDDLE EAST & AFRICA BULK METALLIC GLASS MARKET, 2024-2032 (IN $ MILLION)

FAQ’s

FAQs

The global bulk metallic glass market is expected to reach $xx million by 2032, growing at a CAGR of 17.65% during the forecast period, 2024 to 2032.

Asia-Pacific is the fastest-growing region in the global bulk metallic glass market.