Press Release

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, 2029”, 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 provide funding for research projects focused on BMG materials through grants, subsidies, and collaborative research programs. These funds support academic institutions, research organizations, and industry consortia engaged in BMG research across a wide range of disciplines, including materials science, engineering, and physics.

Government agencies and research institutes sponsor technology development programs aimed at advancing BMG materials' properties, processing techniques, and applications. These programs facilitate collaborative research, technology transfer, and knowledge exchange between academia, industry, and government laboratories.

 

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The heightened R&D efforts are leading to the discovery of novel applications for BMGs across diverse sectors. In aerospace and automotive industries, BMGs are being investigated for their potential use in lightweight structural components, enhancing fuel efficiency and reducing environmental impact. In healthcare, BMGs are showing promise for medical implants and devices due to their biocompatibility and corrosion resistance.

Advancements in manufacturing technologies are also driving the growth of the BMG market. Additive manufacturing techniques, such as 3D printing, enable the production of complex BMG structures with precision, opening up new possibilities for customized applications across industries.

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 is a well-established manufacturing technique with mature infrastructure and widespread adoption across various industries. Manufacturers are familiar with casting processes and have invested in the necessary equipment and expertise, making it easier to integrate 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 formed strategic partnerships and collaborations with international counterparts to leverage their expertise in BMG technology and expand their market presence globally. These collaborations facilitate technology transfer, knowledge sharing, and joint research efforts, strengthening the position of Asia-Pacific manufacturers in the global BMG market.

Major companies operating in Global Bulk Metallic Glass Market are:

·         Adamant Namiki Precision Jewel Co., Ltd.          

·         RS ACCIAI S.r.l.

·         Heraeus Holding GmbH

·         Eutectix LLC

·         Hitachi Metals, Ltd.

·         Liquidmetal Technologies, Inc.

·         Dongguan Yihao Metal Material Technology Co., Ltd.

·         Glassimetal Technology, Inc.

·         Exmet Amorphous Technology AB

·         Epson Atmix Corporation

 

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“There is a growing emphasis on developing high-performance BMG alloys with enhanced mechanical properties, such as improved fracture toughness and ductility, without compromising other desirable characteristics. Alloy design and composition optimization are key areas of research to tailor BMG properties for specific applications.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Global Bulk Metallic Glass Market By Technology (Casting, Thermoplastic Forming, 3D Printing), By End User (Consumer Electronics and Wearables, Sporting Equipment, Biomedical, Aerospace/Defence, Others), By Region, By Competition Forecast & Opportunities, 2019-2029”, 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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