Amorphous Metal Market: Overview
Amorphous metals are made from alloys, whose constituents primarily include iron, cobalt, and nickel and a metalloid or glass former such as silicon, boron, or carbon. Since their innovation in 1960, amorphous metals or metallic glasses have been produced from binary systems of micron size (ribbons and powders) to multi-component systems of up to several centimeters, even under conventional casting conditions. Amorphous metals possess higher tensile yield strengths and elastic strain limits in comparison to polycrystalline metal alloys; however, their ductilities and fatigue strengths are lower. Consequently, amorphous metal alloys have a variety of potentially useful properties. Furthermore, they tend to be stronger than crystalline alloys of similar chemical composition, as amorphous metals can sustain larger reversible deformations than crystalline alloys. The non-crystalline structure of amorphous metals lends them to strength, without limiting their use in diverse applications. A recent type of amorphous metal, known as Vitreloy, possesses double the tensile strength than that of high-grade titanium. Another commercial product available on the shelf is ‘Liquidmetal’, which is utilized to manufacture various items such as watches and cellphone covers.
Amorphous Metal Market: Drivers & Restraints
Amorphous metals display a high degree of electrical conductivity, unlike common regular glasses. Major commercial applications of amorphous metals are in the electronic industry primarily due to their special magnetic properties and high electrical conductivity. Heavy industries are also using various amorphous metals as protective coatings for industrial machinery. They are used as coatings on petroleum drill pipes and for boiler tubes in electrical plants. In several industries, amorphous metals replace titanium that is used in certain applications such as medical instruments, military vehicles, and the aerospace industry. Furthermore, amorphous metal rods are also used to replace depleted uranium rods in kinetic energy devices.
Amorphous Metal Market: Key Segments
In terms of material, the amorphous metal market can be segmented into boron, graphite, iron, selenium, silicon, and others. Amorphous metals prepared from these materials are majorly employed in the production of electrical distribution transformers, high frequency switching power supplies, anti-theft tags, brazing alloys, solder, and damage tolerant environments.
Amorphous Metal Market: Regional Outlook
Based on geography, the global amorphous metal market can be classified into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. The amorphous metal market in Asia Pacific is anticipated to expand at a rapid pace due to the rapid industrialization in developing economies in the region. Demand for amorphous metal has been increasing owing to the rise in demand for protective coatings and consumer durable products such as watches and cellphone covers. The manufacturing of these products is primarily concentrated in China, Japan, and South Korea. Expansion in the electronics industry due to competent labor pricing and easy availability of raw materials in Asia Pacific is projected to boost the demand for amorphous metal market in the region. North America and Europe also held prominent share of the global amorphous metal market in 2017.
Amorphous Metal Market: Key Players
Key players operating in the global amorphous metal market include READE, Materion Inc., Allied Corporation, Federal Steel Supply, Inc., and Caltech.
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