The metallic glass market is likely to witness a flourishing period of growth in the forthcoming timeframe owing to beneficial properties and widescale application scope across a plethora of industries. Metallic glasses are innovative engineering alloys whose overall structure is not crystalline, but is disordered, with the atoms occupying random positions within the structure.

These materials are like the oxide glasses such as the soda-lime glasses used for bottles and windows. Metallic glasses are also very adaptable in nature, just like plastics, because of their manufacturability into numerous intricate shapes. As a result, these are preferred over magnetic, ceramics, metals, and other materials owing to their inherent properties.

Some of the key reasons for considering metallic glasses for different applications are that metallic glasses have good luster and mirror effect, they have high strength in the elastic region, as well as a high corrosion and wear resistance.

Metallic glasses also possess substantial magnetic effects, due to metallic atoms, enabling the materials to easily magnetize or demagnetize. These materials are considered extremely tough materials in comparison to normal silica glasses which are generally brittle in nature. Metallic glasses are very hard in nature and its fracture resistance is better in comparison to that of conventional ceramics.

Metallic glass materials are used in sports goods such as golf club heads, scuba gear, bicycle frames, fishing equipment, marine applications, guns, and hunting bows. Overall metallic glasses have useful magnetic properties, distinctive chemical properties and good mechanical properties making it a better material in comparison to others.

The global metallic glass market is bifurcated into different segments on the basis of product, sector, and regional landscape.

Based on product, the metallic glass market is classified into metal-metalloid, and metal-metal. Among these, metal-metalloid segment will grow at a CAGR over 8.5% over the forecast timeframe. Segment growth can be attributed to the producta??s better glass forming ability and superior characteristics as compared to the metal-metal type.

In terms of sector, the overall metallic glass market is categorized into sports, electrical & electronics, and others. Electrical & electronics segment will hold over 80% market share by the end of the analysis period. Metallic glass is primarily used in transformers and AMDT (amorphous metal distribution transformer) as it reduces transformer losses to a great extent.

From a regional frame of reference, Asia Pacific metallic glass market will hold more than one-third of the overall market share owing to the presence of a well-established electrical and electronics industry in the region.