The global amorphous metals market size is expected to grow at a significant CAGR of over 8% during the forecast period and was valued at around USD 1 billion in 2020. The increasing demand for corrosion-resistant and thermal conductive metals in various end-use industries such as commercial and industrial applications is one of the major factor driving the market growth. Furthermore, the increasing demand for the product in the electronics industry due to its high electrical conductivity and the strong demand in heavy industries is further anticipated to boost the market growth over the forecast period. Moreover, the increasing use of these metals in aerospace, military vehicles, and medical equipment is expected to fuel the market growth.
Market Drivers:
Unique Properties: Amorphous metals exhibit unique properties that differentiate them from conventional crystalline metals. These properties include high strength, excellent corrosion resistance, good wear resistance, high elasticity, and magnetic properties. These characteristics make amorphous metals attractive for various applications across industries.
Lightweight and Energy Efficiency: Amorphous metals have a high strength-to-weight ratio, making them lightweight yet strong. This property is particularly beneficial in industries such as aerospace, automotive, and transportation, where reducing weight is essential for improving fuel efficiency and reducing energy consumption.
Superior Mechanical Properties: Amorphous metals possess exceptional mechanical properties, such as high hardness, yield strength, and elastic limit. These properties make them suitable for applications that require components with excellent strength and durability, such as cutting tools, springs, and sporting goods.
Enhanced Magnetic Properties: Some amorphous metals exhibit unique magnetic properties, including high magnetic permeability and low coercivity. These characteristics make them suitable for applications in electrical transformers, magnetic sensors, and magnetic shielding materials.
Rapid Solidification Techniques: Amorphous metals are typically produced using rapid solidification techniques, such as melt spinning or splat cooling, which involve extremely fast cooling rates. The advancements in these manufacturing techniques have enabled the production of bulk quantities of amorphous metals, making them more commercially viable.
Growing Demand for Consumer Electronics: The consumer electronics industry is a significant driver of the amorphous metals market. Amorphous metals are used in the production of small, lightweight, and high-performance electronic components, such as connectors, magnetic cores, and microelectromechanical systems (MEMS) devices.
Increasing Demand in Medical and Biomedical Applications: Amorphous metals are finding applications in the medical and biomedical fields due to their biocompatibility, corrosion resistance, and mechanical properties. They are used in surgical instruments, dental implants, orthopedic devices, and biomedical sensors.
Advancements in Material Science and Engineering: Continuous advancements in material science and engineering have led to the development of new compositions and improved manufacturing techniques for amorphous metals. These advancements have expanded the range of potential applications and contributed to the growth of the market.
Sustainable and Recyclable Materials: Amorphous metals are considered sustainable materials as they can be recycled and reused without significant degradation of their properties. This aspect aligns with the growing focus on environmental sustainability and circular economy principles in various industries.
Research and Development Initiatives: Ongoing research and development efforts in the field of amorphous metals have led to the discovery of new alloys, improved production techniques, and expanded applications. Collaborations between academia, research institutions, and industry players are driving innovation and fueling the growth of the amorphous metals market.
Market Snapshot:
| Benchmark Year | 2022 | ||
| Market Size | ~ USD 1 Billion in 2020 | ||
| Market Growth (CAGR) | > 8% (2023-2030) | ||
| Largest Market Share | lock | ||
| Analysis Period | 2020-2030 | ||
| Market Players | Hitachi Metal, Ltd., Materion Corporation, Allied Corporation, Federal Steel Supply, Inc., and Qingdao Yunlu |
Market Insights:
The global amorphous metals market is bifurcated into type, process, application, end-use industry, and geography. By type, the market is further segmented into cobalt-based, iron-based, and others. The iron-based amorphous metals segment dominated the global market in 2020 and is expected to maintain its dominance over the forecast period. The advantages associated with the product such as corrosion resistance and high-temperature stability are some major factors to drive the segment growth. Furthermore, the high electrical conductivity is further expected to increase the demand for these metals in commercial applications which is expected to fuel the segment growth.
On the basis of application, the market is segmented into electronic machinery, distribution transformer, electronic components, and others. The electronic machinery segment dominated the global amorphous metals market in 2020 and is expected to grow at the same trends over the forecast period. The properties associated with the metals such as excellent strength, hardness, and high electrical conductivity are some major factors to drive the segment growth. Furthermore, the increasing demand for electronic machinery in various end-use industries is further expected to fuel the segment growth over the forecast period.
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The amorphous metals comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The amorphous metals market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.
Historical & Forecast Period
- 2018-19 – Historical Year
- 2020 – Base Year
- 2021-2027 – Forecast Period
Market Segmentation:
By Type:
- Iron Based
- Cobalt Based
- Others
By Process:
- Chemical Process
- Physical Process
- Others
By Application:
- Electronic Machinery
- Distribution Transformer
- Electronic Components
- Others
By End-Use Industry:
- Residential
- Industrial
- Electrical
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Geographic Coverage:
Geographically, the amorphous metals market report comprises dedicated sections centering on the regional market revenue and trends. The amorphous metals market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The amorphous metals market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Amorphous metals market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.
Competitive Assessment:
Some of the major market players operating in the global amorphous metals market are Hitachi Metal, Ltd., Materion Corporation, Allied Corporation, Federal Steel Supply, Inc., and Qingdao Yunlu. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
Key Companies:
- Hitachi Metal, Ltd.
- Materion Corporation
- Allied Corporation
- Federal Steel Supply, Inc.
- Qingdao Yunlu
- China Amorphous Technology Co., Ltd.
- Zhaojing Incorporated
- Londerful New Material
- Advanced Metal Technology, Inc.
- Henan Zhongyue
Key Questions Answered by Amorphous Metals Market Report
- Global amorphous metals market forecasts from 2021-2027
- Regional amorphous metals market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2021-2027 covering 15 major countries from the regions as mentioned above
- Amorphous metals submarket forecasts from 2021-2027 cover the market by type, by process, by application, by end-use industry, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about the amorphous metals market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level amorphous metals markets from 2021-2027.
- Competitive Landscape and market positioning of top 10 players operating in the amorphous metals market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Amorphous Metals Market Portraiture
2.2. Global Amorphous Metals Market, by Type, 2020 (USD Mn)
2.3. Global Amorphous Metals Market, by Process, 2020 (USD Mn)
2.4. Global Amorphous Metals Market, by Application, 2020 (USD Mn)
2.5. Global Amorphous Metals Market, by End-Use Industry, 2020 (USD Mn)
2.6. Global Amorphous Metals Market, by Geography, 2020 (USD Mn)
3. Global Amorphous Metals Market Analysis
3.1. Amorphous Metals Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis
4. Global Amorphous Metals Market By Type, 2018 – 2027 (USD Mn)
4.1. Overview
4.2. Iron Based
4.3. Cobalt Based
4.4. Others
5. Global Amorphous Metals Market By Process, 2018 – 2027 (USD Mn)
5.1. Overview
5.2. Chemical Process
5.3. Physical Process
5.4. Others
6. Global Amorphous Metals Market By Application, 2018 – 2027 (USD Mn)
6.1. Overview
6.2. Electronic Machinery
6.3. Distribution Transformer
6.4. Electronic Components
6.5. Others
7. Global Amorphous Metals Market By End-Use Industry, 2018 – 2027 (USD Mn)
7.1. Overview
7.2. Residential
7.3. Industrial
7.4. Electrical
7.5. Others
8. North America Amorphous Metals Market Analysis and Forecast, 2018 – 2027 (USD Mn)
8.1.1. Overview
8.1.2. North America Amorphous Metals Market by Type (2018-2027 USD Mn)
8.1.3. North America Amorphous Metals Market by Process (2018-2027 USD Mn)
8.1.4. North America Amorphous Metals Market by Application (2018-2027 USD Mn)
8.1.5. North America Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
8.1.6. North America Amorphous Metals Market by Country (2018-2027 USD Mn)
8.1.6.1. U.S.
8.1.6.1.1. U.S. Amorphous Metals Market by Type (2018-2027 USD Mn)
8.1.6.1.2. U.S. Amorphous Metals Market by Process (2018-2027 USD Mn)
8.1.6.1.3. U.S. Amorphous Metals Market by Application (2018-2027 USD Mn)
8.1.6.1.4. U.S. Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
8.1.6.2. Canada
8.1.6.2.1. Canada Amorphous Metals Market by Type (2018-2027 USD Mn)
8.1.6.2.2. Canada Amorphous Metals Market by Process (2018-2027 USD Mn)
8.1.6.2.3. Canada Amorphous Metals Market by Application (2018-2027 USD Mn)
8.1.6.2.4. Canada Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
9. Europe Amorphous Metals Market Analysis and Forecast, 2018 – 2027 (USD Mn)
9.1.1. Overview
9.1.2. Europe Amorphous Metals Market by Type (2018-2027 USD Mn)
9.1.3. Europe Amorphous Metals Market by Process (2018-2027 USD Mn)
9.1.4. Europe Amorphous Metals Market by Application (2018-2027 USD Mn)
9.1.5. Europe Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
9.1.6. Europe Amorphous Metals Market by Country (2018-2027 USD Mn)
9.1.6.1. Germany
9.1.6.1.1. Germany Amorphous Metals Market by Type (2018-2027 USD Mn)
9.1.6.1.2. Germany Amorphous Metals Market by Process (2018-2027 USD Mn)
9.1.6.1.3. Germany Amorphous Metals Market by Application (2018-2027 USD Mn)
9.1.6.1.4. Germany Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
9.1.6.2. U.K.
9.1.6.2.1. U.K. Amorphous Metals Market by Type (2018-2027 USD Mn)
9.1.6.2.2. U.K. Amorphous Metals Market by Process (2018-2027 USD Mn)
9.1.6.2.3. U.K. Amorphous Metals Market by Application (2018-2027 USD Mn)
9.1.6.2.4. U.K. Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
9.1.6.3. France
9.1.6.3.1. France Amorphous Metals Market by Type (2018-2027 USD Mn)
9.1.6.3.2. France Amorphous Metals Market by Process (2018-2027 USD Mn)
9.1.6.3.3. France Amorphous Metals Market by Application (2018-2027 USD Mn)
9.1.6.3.4. France Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
9.1.6.4. Italy
9.1.6.4.1. Italy Amorphous Metals Market by Type (2018-2027 USD Mn)
9.1.6.4.2. Italy Amorphous Metals Market by Process (2018-2027 USD Mn)
9.1.6.4.3. Italy Amorphous Metals Market by Application (2018-2027 USD Mn)
9.1.6.4.4. Italy Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
9.1.6.5. Rest of Europe
9.1.6.5.1. Rest of Europe Amorphous Metals Market by Type (2018-2027 USD Mn)
9.1.6.5.2. Rest of Europe Amorphous Metals Market by Process (2018-2027 USD Mn)
9.1.6.5.3. Rest of Europe Amorphous Metals Market by Application (2018-2027 USD Mn)
9.1.6.5.4. Rest of Europe Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
10. Asia Pacific Amorphous Metals Market Analysis and Forecast, 2018 – 2027 (USD Mn)
10.1.1. Overview
10.1.2. Asia Pacific Amorphous Metals Market by Type (2018-2027 USD Mn)
10.1.3. Asia Pacific Amorphous Metals Market by Process (2018-2027 USD Mn)
10.1.4. Asia Pacific Amorphous Metals Market by Application (2018-2027 USD Mn)
10.1.5. Asia Pacific Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
10.1.6. Asia Pacific Amorphous Metals Market by Country (2018-2027 USD Mn)
10.1.6.1. China
10.1.6.1.1. China Amorphous Metals Market by Type (2018-2027 USD Mn)
10.1.6.1.2. China Amorphous Metals Market by Process (2018-2027 USD Mn)
10.1.6.1.3. China Amorphous Metals Market by Application (2018-2027 USD Mn)
10.1.6.1.4. China Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
10.1.6.2. Japan
10.1.6.2.1. Japan Amorphous Metals Market by Type (2018-2027 USD Mn)
10.1.6.2.2. Japan Amorphous Metals Market by Process (2018-2027 USD Mn)
10.1.6.2.3. Japan Amorphous Metals Market by Application (2018-2027 USD Mn)
10.1.6.2.4. Japan Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
10.1.6.3. Rest of Asia Pacific
10.1.6.3.1. Rest of Asia Pacific Amorphous Metals Market by Type (2018-2027 USD Mn)
10.1.6.3.2. Rest of Asia Pacific Amorphous Metals Market by Process (2018-2027 USD Mn)
10.1.6.3.3. Rest of Asia Pacific Amorphous Metals Market by Application (2018-2027 USD Mn)
10.1.6.3.4. Rest of Asia Pacific Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
11. Latin America (LATAM) Amorphous Metals Market Analysis and Forecast, 2018 – 2027 (USD Mn)
11.1.1. Overview
11.1.2. Latin America Amorphous Metals Market by Type (2018-2027 USD Mn)
11.1.3. Latin America Amorphous Metals Market by Process (2018-2027 USD Mn)
11.1.4. Latin America Amorphous Metals Market by Application (2018-2027 USD Mn)
11.1.5. Latin America Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
11.1.6. Latin America Amorphous Metals Market by Country (2018-2027 USD Mn)
11.1.6.1. Brazil
11.1.6.1.1. Brazil Amorphous Metals Market by Type (2018-2027 USD Mn)
11.1.6.1.2. Brazil Amorphous Metals Market by Process (2018-2027 USD Mn)
11.1.6.1.3. Brazil Amorphous Metals Market by Application (2018-2027 USD Mn)
11.1.6.1.4. Brazil Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
11.1.6.2. Mexico
11.1.6.2.1. Mexico Amorphous Metals Market by Type (2018-2027 USD Mn)
11.1.6.2.2. Mexico Amorphous Metals Market by Process (2018-2027 USD Mn)
11.1.6.2.3. Mexico Amorphous Metals Market by Application (2018-2027 USD Mn)
11.1.6.2.4. Mexico Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
11.1.6.3. Rest of Latin America
11.1.6.3.1. Rest of Latin America Amorphous Metals Market by Type (2018-2027 USD Mn)
11.1.6.3.2. Rest of Latin America Amorphous Metals Market by Process (2018-2027 USD Mn)
11.1.6.3.3. Rest of Latin America Amorphous Metals Market by Application (2018-2027 USD Mn)
11.1.6.3.4. Rest of Latin America Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
12. Middle East and Africa Amorphous Metals Market Analysis and Forecast, 2018 – 2027 (USD Mn)
12.1.1. Overview
12.1.2. MEA Amorphous Metals Market by Type (2018-2027 USD Mn)
12.1.3. MEA Amorphous Metals Market by Process (2018-2027 USD Mn)
12.1.4. MEA Amorphous Metals Market by Application (2018-2027 USD Mn)
12.1.5. MEA Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
12.1.6. Middle East and Africa Amorphous Metals Market, by Country (2018-2027 USD Mn)
12.1.6.1. GCC
12.1.6.1.1. GCC Amorphous Metals Market by Type (2018-2027 USD Mn)
12.1.6.1.2. GCC Amorphous Metals Market by Process (2018-2027 USD Mn)
12.1.6.1.3. GCC Amorphous Metals Market by Application (2018-2027 USD Mn)
12.1.6.1.4. GCC Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
12.1.6.2. South Africa
12.1.6.2.1. South Africa Amorphous Metals Market by Type (2018-2027 USD Mn)
12.1.6.2.2. South Africa Amorphous Metals Market by Process (2018-2027 USD Mn)
12.1.6.2.3. South Africa Amorphous Metals Market by Application (2018-2027 USD Mn)
12.1.6.2.4. South Africa Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
12.1.6.3. Rest of MEA
12.1.6.3.1. Rest of MEA Amorphous Metals Market by Type (2018-2027 USD Mn)
12.1.6.3.2. Rest of MEA Amorphous Metals Market by Process (2018-2027 USD Mn)
12.1.6.3.3. Rest of MEA Amorphous Metals Market by Application (2018-2027 USD Mn)
12.1.6.3.4. Rest of MEA Amorphous Metals Market by End-Use Industry (2018-2027 USD Mn)
13. Company Profiles
13.1. Hitachi Metal, Ltd.
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Materion Corporation
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. Allied Corporation
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Federal Steel Supply, Inc.
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. Qingdao Yunlu
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. China Amorphous Technology Co., Ltd.
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. Zhaojing Incorporated
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Londerful New Material
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Advanced Metal Technology, Inc.
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Henan Zhongyue
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
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