Bulk Metallic Glass Market to Grow with a CAGR of 3.56% Globally through 2029
Surge in research and development activities is expected to drive the Global
Bulk Metallic Glass Market growth in the forecast period, 2025-2029.
According to TechSci Research report, “Bulk
Metallic Glass Market - Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2019-2029F”, the Global Bulk Metallic Glass Market
stood at USD 50.36 million in 2023 and is anticipated to grow with a CAGR of 3.56%
in the forecast period, 2024-2029. Initiatives taken by government based on bulk
metallic glass has led to favorable market conditions for the Global Bulk
Metallic Glass Market. Several factors contribute to the growth of various bulk
metallic glass products.
Governments allocate funding for research initiatives centered on BMG materials through grants, subsidies, and collaborative research initiatives. This financial support aids academic institutions, research bodies, and industry consortia involved in BMG research across various fields, such as materials science, engineering, and physics.
Government agencies and research institutes sponsor technology advancement programs with the goal of enhancing BMG materials' properties, processing methods, and applications. These initiatives foster collaboration among academia, industry, and government laboratories, facilitating research partnerships, technology dissemination, and knowledge sharing.
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Recent research has concentrated on analyzing the mechanical, thermal, and magnetic characteristics of BMGs. Utilizing methodologies like nanoindentation, differential scanning calorimetry (DSC), and magnetic assessments, scholars aim to grasp how BMGs behave under diverse circumstances and pinpoint factors impacting their traits. Investigations persist into formulating fresh BMG alloys with precise compositions to enhance targeted attributes. This process encompasses computational modeling, phase diagram scrutiny, and practical alloy refinement to elevate efficacy in domains such as strength, ductility, and resistance to corrosion.
The Global Bulk Metallic Glass Market is segmented
into technology, end user, regional distribution, and company.
Based on its technology, the casting segment held the
largest market share in the forecast period. Casting stands as a firmly established manufacturing method, boasting a mature infrastructure and extensive utilization spanning diverse industries. Manufacturers are well-versed in casting procedures and have made significant investments in essential equipment and expertise. This familiarity and investment facilitate the seamless integration of BMGs into existing production workflows.
Based on region, Asia Pacific segment is expected to
grow during the forecast period.
Companies in the Asia Pacific region have acknowledged the significance of forging strategic partnerships and collaborations with international counterparts to leverage their expertise in BMG technology and expand their market presence globally. By aligning with established leaders in the field, Asia-Pacific enterprises can access valuable knowledge and resources that expedite their growth and bolster their competitiveness in the BMG market.
These collaborations facilitate the transfer of technology, granting Asia-Pacific firms access to state-of-the-art innovations and manufacturing methodologies pioneered by their international collaborators. Through initiatives focused on knowledge sharing, they can glean insights into optimal practices, advanced methodologies, and emerging trends in BMG research and development. This exchange of insights empowers Asia-Pacific manufacturers to augment their capabilities and remain at the forefront of technological progressions within the industry.
Major companies operating in Global Bulk Metallic
Glass Market are:
·
Orbray Co., Ltd.
·
RS ACCIAI S.r.l.
·
Heraeus Holding GmbH
·
Eutectix LLC
·
Hitachi, Ltd.
·
Liquidmetal Technologies, Inc.
· Amorphology, Inc.
·
Glassimetal Technology, Inc.
·
PX Limited
·
Epson Atmix Corp.
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“The distinct visual attributes of BMGs, characterized by smooth surfaces and glossy finishes, provide a valuable opportunity to enhance the aesthetic appeal of products across various sectors. This exceptional appearance serves as a distinguishing factor, enhancing the perceived value and allure of items in industries such as consumer electronics, luxury goods, and architectural design. Within the luxury goods market specifically, BMGs offer designers and manufacturers a platform to create exceptional pieces renowned for their sophistication and finesse. Whether crafting high-end watches, jewelry, or accessories, the distinctive visual appeal of BMGs can be harnessed to produce exclusive and visually captivating items that resonate with affluent clientele seeking unparalleled craftsmanship and aesthetic distinction.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Bulk
Metallic Glass Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Technology (Casting, Thermoplastic Forming, 3D
Printing), By End User (Consumer Electronics and Wearables, Sporting Equipment,
Biomedical, Aerospace/Defence, Others), By Region and Competition, 2019-2029F, has evaluated
the future growth potential of Global Bulk Metallic Glass Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Bulk Metallic Glass Market.
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