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

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A quick peek into the report

Market Report Coverage

Bulk Metallic Glass Market
Forecast Period: 2022-2031
CAGR During Forecast Period: 17.9%

Bulk Metallic Glass Market

Base Year

2021

Market Size in 2021

$47.6 Million

Forecast Period

2022-2031

Value Projection and Estimation by 2031

$246.3 Million

CAGR During Forecast Period

17.9%

Number of Tables

120

Number of Pages

147

Number of Figures

14

 

Key Market Players and Competition Synopsis

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 prominent names in this 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.

How can this report add value to an organization?

The study provides the reader with a detailed understanding of the different bulk metallic glass applications in biomedical, aeros

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.

Industry and Technology Overview

The global bulk metallic glass market is projected to reach $246.3 million by 2031 from $47.6 million in 2021.

Bulk Metallic Glass Industry Overview

The global bulk metallic glass market is projected to reach $246.3 million by 2031 from $47.6 million in 2021, growing at a CAGR of 17.9% during the forecast period 2022-2031. The growth in the bulk metallic glass market is expected to be driven by the increasing usage from supporting industries such as electrical, electronics, and sports.

Market Lifecycle Stage

Bulk metallic glass (BMG) is a developing industry. Increased research and development activities are underway to increase the commercialization of bulk metallic glass. BMGs have found many wide and diverse applications in the electrical and electronics industry, from durable mobile phones to personal electronic devices such as MP3 players and personal digit assistants.

Figure: Bulk Metallic Glass Market, $Million, 2021, 2022, and 2031

Bulk Metallic Glass 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.

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

Analyst Thoughts

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 bulk metallic glass will revolutionize the future."

Table of Contents

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1.1    Industry Outlook
         1.1.1    Trends: Current and Future
                     1.1.1.1    Increasing Demand for Biomaterials for Biomedical Applications
                     1.1.1.2    3D Printing of Bulk Metallic Glass
         1.1.2    Supply Chain Network
         1.1.3    Ecosystem/Ongoing Programs
                     1.1.3.1    Regulatory Bodies
1.2    Business Dynamics
         1.2.1    Business Drivers
                     1.2.1.1    Increasing Use from Supporting Industries Such as Electrical, Electronics, and Sports
                     1.2.1.2    Ability to Cast into Centimeters Rather than Micrometers
         1.2.2    Business Challenges
                     1.2.2.1    Brittle Nature of Bulk Metallic Glass
                     1.2.2.2    Complex Fabrication Process
         1.2.3    Business Strategies
                     1.2.3.1    Product Development
                     1.2.3.2    Market Development
         1.2.4    Business Opportunities
                     1.2.4.1    Increased Product Penetration in Aerospace/Defense and Robotics
1.3    Startup Landscape
         1.3.1    Key Startups in the Bulk Metallic Glass Ecosystem

2.1    Bulk Metallic Glass Market (by End-Use Application)
         2.1.1    Consumer Electronics and Wearables
         2.1.2    Sporting Equipment
         2.1.3    Biomedical
         2.1.4    Aerospace/Defence
         2.1.5    Others
2.2    Demand Analysis of the Bulk Metallic Glass Market (by End-Use Application)
         2.2.1    Demand Analysis of the Bulk Metallic Glass Market (by End-Use Application), Value and Volume Data

3.1    Bulk Metallic Glass Market (by Product Type)
         3.1.1    Metal-Metal
         3.1.2    Metal-Metalloid
3.2    Demand Analysis of the Bulk Metallic Glass Market (by Product Type)
         3.2.1    Demand Analysis of the Bulk Metallic Glass Market (by Product Type), Value and Volume Data
3.3    Bulk Metallic Glass Market (by Technology Type)
         3.3.1    Casting
         3.3.2    Thermoplastic Forming
         3.3.3    3D Printing
3.4    Demand Analysis of the Bulk Metallic Glass Market (by Technology Type)
         3.4.1    Demand Analysis of the Bulk Metallic Glass Market (by Technology Type), Value and Volume Data
3.5    Product Benchmarking: Growth Rate – Market Share Matrix, 2021
3.6    Patent Analysis
         3.6.1    Patent Analysis (by Company/Institute)
3.7    Global Pricing Analysis

4.1    North America
         4.1.1    Market
                     4.1.1.1    Key Manufacturers/Suppliers in North America
                     4.1.1.2    Business Challenges
                     4.1.1.3    Business Drivers
         4.1.2    End-Use Application
         4.1.3    Product Type
         4.1.4    Technology Type
         4.1.5    North America (by Country)
                     4.1.5.1    U.S.
                                    4.1.5.1.1    Market
                                                      4.1.5.1.1.1    Buyers Attributes
                                                      4.1.5.1.1.2    Key Manufacturers/Suppliers in the U.S.
                                                      4.1.5.1.1.3    Business Challenges
                                                      4.1.5.1.1.4    Business Drivers
                                    4.1.5.1.2    End-Use Application
                                    4.1.5.1.3    Product Type
                                    4.1.5.1.4    Technology Type
                     4.1.5.2    Canada
                                    4.1.5.2.1    Market
                                                      4.1.5.2.1.1    Buyers Attributes
                                                      4.1.5.2.1.2    Key Manufacturers/Suppliers in Canada
                                                      4.1.5.2.1.3    Business Challenges
                                                      4.1.5.2.1.4    Business Drivers
                                    4.1.5.2.2    End-Use Application
                                    4.1.5.2.3    Product Type
                                    4.1.5.2.4    Technology Type
                     4.1.5.3    Mexico
                                    4.1.5.3.1    Market
                                                      4.1.5.3.1.1    Buyers Attributes
                                                      4.1.5.3.1.2    Key Manufacturers/Suppliers in Mexico
                                                      4.1.5.3.1.3    Business Challenges
                                                      4.1.5.3.1.4    Business Drivers
                                    4.1.5.3.2    End-Use Application
                                    4.1.5.3.3    Product Type
                                    4.1.5.3.4    Technology Type
4.2    Europe
         4.2.1    Market
                     4.2.1.1    Key Manufacturers/Suppliers in Europe
                     4.2.1.2    Business Challenges
                     4.2.1.3    Business Drivers
         4.2.2    End-Use Application
         4.2.3    Product Type
         4.2.4    Technology Type
         4.2.5    Europe (by Country)
                     4.2.5.1    Germany
                                    4.2.5.1.1    Market
                                                      4.2.5.1.1.1    Buyers Attributes
                                                      4.2.5.1.1.2    Key Manufacturers/Suppliers in Germany
                                                      4.2.5.1.1.3    Business Challenges
                                                      4.2.5.1.1.4    Business Drivers
                                    4.2.5.1.2    End-Use Application
                                    4.2.5.1.3    Product Type
                                    4.2.5.1.4    Technology Type
                     4.2.5.2    France
                                    4.2.5.2.1    Market
                                                      4.2.5.2.1.1    Buyers Attributes
                                                      4.2.5.2.1.2    Key Manufacturers/Suppliers in France
                                                      4.2.5.2.1.3    Business Challenges
                                                      4.2.5.2.1.4    Business Drivers
                                    4.2.5.2.2    End-Use Application
                                    4.2.5.2.3    Product Type
                                    4.2.5.2.4    Technology Type
                     4.2.5.3    Italy
                                    4.2.5.3.1    Market
                                                      4.2.5.3.1.1    Buyers Attributes
                                                      4.2.5.3.1.2    Key Manufacturers/Suppliers in Italy
                                                      4.2.5.3.1.3    Business Challenges
                                                      4.2.5.3.1.4    Business Drivers
                                    4.2.5.3.2    End-Use Application
                                    4.2.5.3.3    Product Type
                                    4.2.5.3.4    Technology Type
                     4.2.5.4    Rest-of-Europe
                                    4.2.5.4.1    Market
                                                      4.2.5.4.1.1    Buyers Attributes
                                                      4.2.5.4.1.2    Key Manufacturers/Suppliers in Rest-of-Europe
                                                      4.2.5.4.1.3    Business Challenges
                                                      4.2.5.4.1.4    Business Drivers
                                    4.2.5.4.2    End-Use Application
                                    4.2.5.4.3    Product Type
                                    4.2.5.4.4    Technology Type
4.3    U.K.
         4.3.1    Market
                     4.3.1.1    Buyers Attributes
                     4.3.1.2    Key Manufacturers/Suppliers in the U.K.
                     4.3.1.3    Business Challenges
                     4.3.1.4    Business Drivers
         4.3.2    End-Use Application
         4.3.3    Product Type
         4.3.4    Technology Type
4.4    Asia-Pacific and Japan
         4.4.1    Market
                     4.4.1.1    Key Manufacturers/Suppliers in Asia-Pacific and Japan
                     4.4.1.2    Business Challenges
                     4.4.1.3    Business Drivers
         4.4.2    End-Use Application
         4.4.3    Product Type
         4.4.4    Technology Type
         4.4.5    Asia-Pacific and Japan (by Country)
                     4.4.5.1    China
                                    4.4.5.1.1    Market
                                                      4.4.5.1.1.1    Buyer Attributes
                                                      4.4.5.1.1.2    Key Manufacturers/Suppliers in China
                                                      4.4.5.1.1.3    Business Challenges
                                                      4.4.5.1.1.4    Business Drivers
                                    4.4.5.1.2    End-Use Application
                                    4.4.5.1.3    Product Type
                                    4.4.5.1.4    Technology Type
                     4.4.5.2    Japan
                                    4.4.5.2.1    Market
                                                      4.4.5.2.1.1    Buyer Attributes
                                                      4.4.5.2.1.2    Key Manufacturers/Suppliers in Japan
                                                      4.4.5.2.1.3    Business Challenges
                                                      4.4.5.2.1.4    Business Drivers
                                    4.4.5.2.2    End-Use Application
                                    4.4.5.2.3    Product Type
                                    4.4.5.2.4    Technology Type
                     4.4.5.3    South Korea
                                    4.4.5.3.1    Market
                                                      4.4.5.3.1.1    Buyer Attributes
                                                      4.4.5.3.1.2    Key Manufacturers/Suppliers in South Korea
                                                      4.4.5.3.1.3    Business Challenges
                                                      4.4.5.3.1.4    Business Drivers
                                    4.4.5.3.2    End-Use Application
                                    4.4.5.3.3    Product Type
                                    4.4.5.3.4    Technology Type
                     4.4.5.4    Rest-of-Asia-Pacific and Japan
                                    4.4.5.4.1    Market
                                                      4.4.5.4.1.1    Buyer Attributes
                                                      4.4.5.4.1.2    Key Manufacturers/Suppliers in Rest-of-Asia-Pacific and Japan
                                                      4.4.5.4.1.3    Business Challenges
                                                      4.4.5.4.1.4    Business Drivers
                                    4.4.5.4.2    End-Use Application
                                    4.4.5.4.3    Product Type
                                    4.4.5.4.4    Technology Type
4.5    Rest-of-the-World
         4.5.1    Market
                     4.5.1.1    Key Manufacturers/Suppliers in Rest-of-the-World
                     4.5.1.2    Business Challenges
                     4.5.1.3    Business Drivers
         4.5.2    End-Use Application
         4.5.3    Product Type
         4.5.4    Technology Type
         4.5.5    Rest-of-the-World (by Region)
                     4.5.5.1    Middle East and Africa
                                    4.5.5.1.1    Market
                                                      4.5.5.1.1.1    Key Manufacturers/Suppliers in the Middle East and Africa
                                                      4.5.5.1.1.2    Business Challenges
                                                      4.5.5.1.1.3    Business Drivers
                                    4.5.5.1.2    End-Use Application
                                    4.5.5.1.3    Product Type
                                    4.5.5.1.4    Technology Type
                     4.5.5.2    South America
                                    4.5.5.2.1    Market
                                                      4.5.5.2.1.1    Key Manufacturers/Suppliers in South America
                                                      4.5.5.2.1.2    Business Challenges
                                                      4.5.5.2.1.3    Business Drivers
                                    4.5.5.2.2    End-Use Application
                                    4.5.5.2.3    Product Type
                                    4.5.5.2.4    Technology Type

5.1    Competitive Benchmarking
         5.1.1    Competitive Position Matrix
         5.1.2    Product Matrix for Key Companies
         5.1.3    Market Share Analysis (by Company), 2021
5.2    Company Profiles
         5.2.1    Adamant Namiki Precision Jewel Co., Ltd.
                     5.2.1.1    Company Overview
                                    5.2.1.1.1    Role of Adamant Namiki Precision Jewel Co., Ltd. in the Bulk Metallic Glass Market
                                    5.2.1.1.2    Product Portfolio
                                                      5.2.1.1.2.1    Adamant Namiki Precision Jewel Co., Ltd.: Product Portfolio
                                    5.2.1.1.3    Production Sites
                                    5.2.1.1.4    Analyst View
         5.2.2    RS ACCIAI S.r.l.
                     5.2.2.1    Company Overview
                                    5.2.2.1.1    Role of RS ACCIAI S.r.l. in the Bulk Metallic Glass Market
                                    5.2.2.1.2    Product Portfolio
                                                      5.2.2.1.2.1    RS ACCIAI S.r.l.: Product Portfolio
                                    5.2.2.1.3    Analyst View
         5.2.3    Vulkam
                     5.2.3.1    Company Overview
                                    5.2.3.1.1    Role of Vulkam in the Bulk Metallic Glass Market
                                    5.2.3.1.2    Product Portfolio
                                                      5.2.3.1.2.1    Vulkam: Product Portfolio
                                    5.2.3.1.3    Production Sites
                                    5.2.3.1.4    Business Strategies
                                                      5.2.3.1.4.1    Vulkam: Product Development
                                    5.2.3.1.5    Analyst View
         5.2.4    Heraeus Holding
                     5.2.4.1    Company Overview
                                    5.2.4.1.1    Role of Heraeus Holding in the Bulk Metallic Glass Market
                                    5.2.4.1.2    Product Portfolio
                                                      5.2.4.1.2.1    Heraeus Holding: Product Portfolio
                                    5.2.4.1.3    Production Sites
                                    5.2.4.1.4    Corporate Strategies
                                                      5.2.4.1.4.1    Heraeus Holding: Partnerships, Joint Ventures, Collaborations, and Alliances
                                    5.2.4.1.5    Analyst View
         5.2.5    Eutectix LLC
                     5.2.5.1    Company Overview
                                    5.2.5.1.1    Role of Eutectix LLC in the Bulk Metallic Glass Market
                                    5.2.5.1.2    Product Portfolio
                                                      5.2.5.1.2.1    Eutectix LLC: Product Portfolio
                                    5.2.5.1.3    Production Sites
                                    5.2.5.1.4    Corporate Strategies
                                                      5.2.5.1.4.1    Eutectix LLC: Partnerships, Joint Ventures, Collaborations, and Alliances
                                    5.2.5.1.5    Analyst View
         5.2.6    Hitachi Metals, Ltd.
                     5.2.6.1    Company Overview
                                    5.2.6.1.1    Role of Hitachi Metals, Ltd. in the Bulk Metallic Glass Market
                                    5.2.6.1.2    Product Portfolio
                                                      5.2.6.1.2.1    Hitachi Metals, Ltd.: Product Portfolio
                                    5.2.6.1.3    R&D Expenditure Analysis
                                    5.2.6.1.4    Business Strategies
                                                      5.2.6.1.4.1    Hitachi Metals, Ltd.: Product Development
                                    5.2.6.1.5    Analyst View
         5.2.7    Liquidmetal Technologies, Inc.
                     5.2.7.1    Company Overview
                                    5.2.7.1.1    Role of Liquidmetal Technologies, Inc. in the Bulk Metallic Glass Market
                                    5.2.7.1.2    Product Portfolio
                                                      5.2.7.1.2.1    Liquidmetal Technologies, Inc.: Product Portfolio
                                    5.2.7.1.3    Production Sites
                                    5.2.7.1.4    Corporate Strategies
                                                      5.2.7.1.4.1    Liquidmetal Technologies, Inc.: Partnerships, Joint Ventures, Collaborations, and Alliances
                                    5.2.7.1.5    Analyst View
         5.2.8    Supercool Metals
                     5.2.8.1    Company Overview
                                    5.2.8.1.1    Role of Supercool Metals in the Bulk Metallic Glass Market
                                    5.2.8.1.2    Product Portfolio
                                                      5.2.8.1.2.1    Supercool Metals: Product Portfolio
                                    5.2.8.1.3    Analyst View
         5.2.9    Dongguan Yihao Metal Material Technology Co., Ltd.
                     5.2.9.1    Company Overview
                                    5.2.9.1.1    Role of Dongguan Yihao Metal Material Technology Co., Ltd. in the Bulk Metallic Glass Market
                                    5.2.9.1.2    Product Portfolio
                                                      5.2.9.1.2.1    Dongguan Yihao Metal Material Technology Co., Ltd.: Product Portfolio
                                    5.2.9.1.3    Production Sites
                                    5.2.9.1.4    Analyst View
    5.2.10    PX Group
                  5.2.10.1     Company Overview
                                    5.2.10.1.1    Role of PX Group in the Bulk Metallic Glass Market
                                    5.2.10.1.2    Product Portfolio
                                                        5.2.10.1.2.1    PX Group: Product Portfolio
                                    5.2.10.1.3    Analyst View
     5.2.11    Glassimetal Technology, Inc.
                   5.2.11.1    Company Overview
                                    5.2.11.1.1    Role of Glassimetal Technology, Inc. in the Bulk Metallic Glass Market
                                    5.2.11.1.2    Product Portfolio
                                                        5.2.11.1.2.1    Glassimetal Technology, Inc.: Product Portfolio
                                    5.2.11.1.3    Analyst View
     5.2.12    Exmet Amorphous Technology AB
                   5.2.12.1    Company Overview
                                    5.2.12.1.1    Role of Exmet Amorphous Technology AB in the Bulk Metallic Glass Market
                                    5.2.12.1.2    Product Portfolio
                                                        5.2.12.1.2.1    Exmet Amorphous Technology AB: Product Portfolio
                                    5.2.12.1.3    Corporate Strategies
                                                        5.2.12.1.3.1    Exmet Amorphous Technology AB: Partnerships, Joint Ventures, Collaborations, and Alliances
                                    5.2.12.1.4    Analyst View
     5.2.13    Epson Atmix Corporation
                   5.2.13.1    Company Overview
                                    5.2.13.1.1    Role of Epson Atmix Corporation in the Bulk Metallic Glass Market
                                    5.2.13.1.2    Product Portfolio
                                                        5.2.13.1.2.1    Epson Atmix Corporation: Product Portfolio
                                    5.2.13.1.3    Business Strategies
                                                        5.2.13.1.3.1    Epson Atmix Corporation: Market Development
                                    5.2.13.1.4    Analyst View
     5.2.14    Zhaojing Technology Co., Ltd.
                   5.2.14.1    Company Overview
                                    5.2.14.1.1    Role of Zhaojing Technology Co., Ltd. in the Bulk Metallic Glass Market
                                    5.2.14.1.2    Product Portfolio
                                                        5.2.14.1.2.1    Zhaojing Technology Co., Ltd.: Product Portfolio
                                    5.2.14.1.3    Production Sites
                                    5.2.14.1.4    Analyst View
     5.2.15    Qingdao Yunlu Advanced Materials Technology Co., Ltd.
                   5.2.15.1    Company Overview
                                    5.2.15.1.1    Role of Qingdao Yunlu Advanced Materials Technology Co., Ltd. in the Bulk Metallic Glass Market
                                    5.2.15.1.2    Product Portfolio
                                                        5.2.15.1.2.1    Qingdao Yunlu Advanced Materials Technology Co., Ltd.: Product Portfolio
                                    5.2.15.1.3    Production Sites
                                    5.2.15.1.4    Analyst View

Research Methodology

Table 1:    Key Product Development, 2019-2022
Table 2:    Key Market Development, 2019-2022
Table 3:    Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 4:    Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 5:    Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 6:    Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 7:    Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 8:    Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 9:    Global Pricing Analysis of Bulk Metallic Glass Product Type, $/Kilogram, 2021-2031
Table 10:    Bulk Metallic Glass Market (by Region), $Million, 2021-2031
Table 11:    Bulk Metallic Glass Market (by Region), Tons, 2021-2031
Table 12:    North America Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 13:    North America Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 14:    North America Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 15:    North America Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 16:    North America Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 17:    North America Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 18:    U.S. Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 19:    U.S. Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 20:    U.S. Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 21:    U.S. Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 22:    U.S. Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 23:    U.S. Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 24:    Canada Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 25:    Canada Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 26:    Canada Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 27:    Canada Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 28:    Canada Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 29:    Canada Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 30:    Mexico Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 31:    Mexico Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 32:    Mexico Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 33:    Mexico Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 34:    Mexico Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 35:    Mexico Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 36:    Europe Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 37:    Europe Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 38:    Europe Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 39:    Europe Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 40:    Europe Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 41:    Europe Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 42:    Germany Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 43:    Germany Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 44:    Germany Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 45:    Germany Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 46:    Germany Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 47:    Germany Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 48:    France Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 49:    France Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 50:    France Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 51:    France Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 52:    France Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 53:    France Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 54:    Italy Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 55:    Italy Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 56:    Italy Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 57:    Italy Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 58:    Italy Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 59:    Italy Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 60:    Rest-of-Europe Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 61:    Rest-of-Europe Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 62:    Rest-of-Europe Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 63:    Rest-of-Europe Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 64:    Rest-of-Europe Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 65:    Rest-of-Europe Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 66:    U.K. Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 67:    U.K. Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 68:    U.K. Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 69:    U.K. Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 70:    U.K. Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 71:    U.K. Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 72:    Asia-Pacific and Japan Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 73:    Asia-Pacific and Japan Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 74:    Asia-Pacific and Japan Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 75:    Asia-Pacific and Japan Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 76:    Asia-Pacific and Japan Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 77:    Asia-Pacific and Japan Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 78:    China Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 79:    China Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 80:    China Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 81:    China Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 82:    China Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 83:    China Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 84:    Japan Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 85:    Japan Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 86:    Japan Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 87:    Japan Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 88:    Japan Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 89:    Japan Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 90:    South Korea Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 91:    South Korea Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 92:    South Korea Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 93:    South Korea Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 94:    South Korea Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 95:    South Korea Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 96:    Rest-of-Asia-Pacific and Japan Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 97:    Rest-of-Asia-Pacific and Japan Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 98:    Rest-of-Asia-Pacific and Japan Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 99:    Rest-of-Asia-Pacific and Japan Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 100:    Rest-of-Asia-Pacific and Japan Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 101:    Rest-of-Asia-Pacific and Japan Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 102:    Rest-of-the-World Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 103:    Rest-of-the-World Bulk Metallic Glass Market (by End-Use Application, Tons, 2021-2031
Table 104:    Rest-of-the-World Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 105:    Rest-of-the-World Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 106:    Rest-of-the-World Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 107:    Rest-of-the-World Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 108:    Middle East and Africa Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 109:    Middle East and Africa Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 110:    Middle East and Africa Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 111:    Middle East and Africa Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 112:    Middle East and Africa Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 113:    Middle East and Africa Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 114:    South America Bulk Metallic Glass Market (by End-Use Application), $Million, 2021-2031
Table 115:    South America Bulk Metallic Glass Market (by End-Use Application), Tons, 2021-2031
Table 116:    South America Bulk Metallic Glass Market (by Product Type), $Million, 2021-2031
Table 117:    South America Bulk Metallic Glass Market (by Product Type), Tons, 2021-2031
Table 118:    South America Bulk Metallic Glass Market (by Technology Type), $Million, 2021-2031
Table 119:    South America Bulk Metallic Glass Market (by Technology Type), Tons, 2021-2031
Table 120:    Product Matrix for Key Companies

Figure 1:    Bulk Metallic Glass Market, $Million, 2021, 2022, and 2031
Figure 2:    Bulk Metallic Glass Market (by End-Use Application), $Million, 2021 and 2031
Figure 3:    Bulk Metallic Glass Market (by Product Type), $Million, 2021 and 2031
Figure 4:    Bulk Metallic Glass Market (by Technology Type), $Million, 2021 and 2031
Figure 5:    Bulk Metallic Glass Market (by Region), $Million, 2021 and 2031
Figure 6:    Bulk Metallic Glass Market Coverage
Figure 7:    Product Benchmarking
Figure 8:    Year-Wise Patents Filed for Bulk Metallic Glass, January 2019-December 2021
Figure 9:    Patent Analysis (by Company/Institute), January 2019-December 2021
Figure 10:    Hitachi Metals, Ltd.: R&D Expenditure, $Million, 2019-2021
Figure 11:    Research Methodology
Figure 12:    Top-Down and Bottom-Up Approach
Figure 13:    Influencing Factors of the Bulk Metallic Glass Market
Figure 14:    Assumptions and Limitations

Market Report Coverage

Bulk Metallic Glass Market

Base Year

2021

Market Size in 2021

$47.6 Million

Forecast Period

2022-2031

Value Projection and Estimation by 2031

$246.3 Million

CAGR During Forecast Period

17.9%

Number of Tables

120

Number of Pages

147

Number of Figures

14

 

Key Market Players and Competition Synopsis

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 prominent names in this 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.

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.

Industry and Technology Overview

Bulk Metallic Glass Industry Overview

The global bulk metallic glass market is projected to reach $246.3 million by 2031 from $47.6 million in 2021, growing at a CAGR of 17.9% during the forecast period 2022-2031. The growth in the bulk metallic glass market is expected to be driven by the increasing usage from supporting industries such as electrical, electronics, and sports.

Market Lifecycle Stage

Bulk metallic glass (BMG) is a developing industry. Increased research and development activities are underway to increase the commercialization of bulk metallic glass. BMGs have found many wide and diverse applications in the electrical and electronics industry, from durable mobile phones to personal electronic devices such as MP3 players and personal digit assistants.

Figure: Bulk Metallic Glass Market, $Million, 2021, 2022, and 2031

Bulk Metallic Glass 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.

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

Analyst Thoughts

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 bulk metallic glass will revolutionize the future."

FAQ's

What is bulk metallic glass?

Bulk metallic glass defines a new class of solid non-crystalline materials, including amorphous metals. BMGs exhibit excellent glass-forming ability and could be made up to thicknesses of more than 1 mm. Its high strength and stiffness, combined with a surprising elasticity, make it the protagonist of industrial innovation. It serves various functions, which include high resistance to yield, flexibility at high temperatures, corrosion resistance, biocompatibility, and hardness comparable to hardened steel.

What are the key trends in the bulk metallic glass market?

The key trends in the bulk metallic glass market include increasing demand for biomaterials for biomedical applications and 3D printing of bulk metallic glass.

What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?

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. According to BIS Research, the majority of the companies preferred partnerships, collaborations, and joint ventures as a strategy to further increase their growth in the bulk metallic glass market.

For a new company looking to enter the bulk metallic glass market, which areas could it focus upon to stay ahead of the competition?

A new entrant can focus on developing and producing cost-effective bulk metallic glasses with elevated performance.

What is the USP of this report?

The following can be seen as some of the USPs of the report:

•    Market ranking analysis based on product portfolio, recent developments, and regional spread
•    Investment landscape, including product adoption scenario, funding, and patent analysis

Who should buy this report?

The companies manufacturing bulk metallic glass and companies using these glasses, such as electronics, sports industry, biomedical, and others, should buy this report.

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