Metallic glass is an alloy having amorphous or a glassy structure. It is known as an amorphous metal or a glassy metal due to it’s likewise appearance. An amorphous solid is the one that is obtained from liquid and does not crystalize on cooling. In an amorphous solid, atoms are packed in a random manner which prevents it from crystallization. The properties of metallic glass resembles that of amorphous solid. A metallic glass is not similar to a normal glass despite its glass-like appearance. Metallic glass has electrical conductivity and is homogeneous in composition unlike normal glass. There are various methods through which a metallic glass can be produced; rapid cooling, ion irradiation, physical vapor deposition, solid-state reaction, mechanical alloying and others.
Metallic glass made from alloys of boron, silicon, and phosphorous contain high magnetic susceptibility for which it finds application in automotive, electronics and aerospace industries. Metallic glass also has high fracture and corrosion-resistance properties due to which it finds application in the pharmaceutical industry. Due to various available properties of metallic glass, the product finds application in diverse industries. Metallic glass are ductile, malleable, brittle, and opaque. Based on application, the metallic glass market can be segmented into electronics & electrical, pharmaceutical, defense, sports products, and other. Metallic glass is used to manufacture several products which include cell phone cases and aircraft parts due to its strong structure. Metals are tough materials that are resistant to cracking and brittle fracture; however, they have limited strength. Metallic glasses on the other hand have an exceptional combination of both the strength associated with glass and the toughness of metals. Metallic glass is extensively used to manufacture sports products, followed by electronics and pharmaceuticals. Demand for metallic glass from these industries is expected to boost the global metallic glass market.
In terms of region, the metallic glass market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is observed to dominate the metallic glass market, followed by markets in Europe and Asia Pacific. Demand for metallic glass from end-use industries along with increase in the number of domestic manufacturing units has led to an increase in demand for metallic glass across North America. As North America region is a developed region, high standard of living and rising demand for electronics, pharmaceutical, sports, and other products are expected to drive the metallic glass market. The demand for metallic glass in Asia Pacific region is rising at a considerable pace as compared to other regions. As the electronics, automotive, pharmaceutical and other industry is growing rapidly in the region the demand for metallic glass is observed to be rising. China is the world’s largest electronic market. The country accounts for major share of the metallic glass market across the globe. This is projected to be one of the major reason for boosting demand of metallic glass in Asia Pacific region. Latin America and Middle East & Africa held least share of the metallic glass market in 2016; however the share of the region is projected to rise at a rapid pace during the forecast period.
Key manufacturers operating in the metallic glass market are PrometalTech, Usha Amorphous Metals Limited, Exmet AB, and Metglas Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.