According to the most recent analysis by Emergen Research, the size of the worldwide amorphous metals market reached USD 985.4 Million in 2020 and is projected to grow at a revenue CAGR of 8.8% during the forecast period. Between 2021 and 2028, rising demand for strong corrosion resistance and good thermal conductivity is anticipated to promote market revenue growth. Additionally, amorphous metals’ growing need for scratch resistance will fuel market revenue development. All nations face serious problems with the corrosion and abrasion of metals used in building construction, and better alternatives are urgently needed to solve these problems.
Metal corrosion can be a problem since it might harm the strength and construction of a building. Metals that are amorphous are an excellent solution to this issue. Amorphous metals are harder than crystalline metals and have several beneficial features. They also have higher tensile yield strengths and less ductility than crystalline alloys, which makes them better able to endure physical harm and scratches. Additionally, to add a protective layer while the metals are being deposited utilising a high velocity oxygen fuel process, which results in greater scratch resistance, amorphous metal films are utilised in a variety of sporting goods, medical devices, and electrical equipment.
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Some Key Highlights from the Report:
· Due to the growing demand for alloys with greater temperature stability and wear resistance, the iron-based segment is anticipated to see a significantly quick revenue CAGR over the projected period.
· Due to the increasing demand for high tensile strength alloys, the chemical process segment is anticipated to experience significantly strong revenue growth throughout the forecast period. Different chemical techniques, including as physical vapour deposition, solid state reaction, ion radiation, and rapid cooling, are used to create high tensile alloys.
· Due to the substantial presence of major market players who supply amorphous metals, including Hitachi Metal, Ltd., Qingdao Yunlu Advanced Materials Technology Co., Ltd., China Amorphous Technology Co., Ltd., and Zhaojing Incorporated among others in countries in the region, the Asia Pacific market is anticipated to register a significantly large revenue share.
· The market report lists a number of significant businesses, including Hitachi Metal, Ltd., Materion Corporation, Qingdao Yunlu Advanced Materials Technology Co., Ltd., China Amorphous Technology Co., Ltd., Zhaojing Incorporated, Shijiazhuang Shenke Metal Products Co., Ltd., Federal Steel Supply, Inc., Advanced Metal Technology, Inc. (Amtech), Henan Zhongyue Amorphous New Materials Co., Ltd.,
· Process Piping Materials Company (PPM), a top value-added distributor of industrial pipe, fittings, valves, and flanges, was purchased by Federal Steel Supply, Inc. in November 2021. The acquisition will broaden Federal Steel Supply, Inc.’s portfolio of end products and geographic reach by incorporating PPM products, which will increase the company’s geographic reach, product line, and clientele.
The global market for amorphous metals has been divided into segments by type, process, application, end-use, and geography by Emergen Research:
Type Outlook (Revenue, USD Million, Volume, Tons; 2018–2028)
- Iron Based
- Cobalt Based
- Others
Process Outlook (Revenue, USD Million, Volume, Tons; 2018–2028)
- Chemical Process
- Physical Process
- Others
Application Outlook (Revenue, USD Million, Volume, Tons; 2018–2028)
- Distribution Transformer
- Electronic Machinery
- Electronic Components
- Others
End-Use Outlook (Revenue, USD Million, Volume, Tons; 2018–2028)
- Residential
- Industrial
- Electrical
- Others
Regional Outlook (Revenue, USD Million, Volume, Tons; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
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