Rising Use from Allied Sectors Fuels
Bulk Metallic Glass Market Growth
As per Inkwood Research, the Global Bulk Metallic Glass Market is set to develop with a CAGR of 17.65% in terms of revenue during the forecasting period of 2024-2032.
Bulk metallic glasses (BMGs) are metallic materials characterized by an amorphous structure akin to glass rather than the conventional crystalline arrangement typical of most metals. This distinctive composition grants them numerous advantageous traits, including exceptional strength and stiffness, an impressive elastic limit, corrosion resistance, and lightweight nature. Such qualities render BMGs highly appealing for diverse applications spanning various industries.
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Rising Use from Allied Industries Promotes Bulk Metallic Glass Market Growth
Bulk metallic glasses (BMGs) are increasingly garnering attention across a spectrum of allied industries, given their exceptional properties. Offering superior strength-to-weight ratios compared to conventional metals, BMGs are prime candidates for lightweighting components. The exploration of BMGs for airframes, landing gear, and other vital parts holds promise for enhancing fuel efficiency and overall performance.
Furthermore, BMGs demonstrate remarkable resistance to corrosion, thereby prolonging product lifespan and minimizing maintenance requirements, particularly in demanding environments.
Leveraging the wear and corrosion resistance of BMGs can significantly bolster the durability and reliability of electronic connectors.
Thermoplastic Forming: Key Technology by 2032
Thermoplastic forming in bulk metallic glasses (BMGs) involves shaping or molding these materials at elevated temperatures. During this process, BMGs enter a supercooled liquid state, allowing them to undergo plastic deformation, akin to conventional thermoplastics.
North America to be the Major Region over the Forecast Period
The North America market for bulk metallic glasses (BMGs) is on a steady growth trajectory, fueled by factors like technological advancements, rising demand from key industries, and increasing awareness of BMGs’ unique properties and applications.
North America, particularly the United States, serves as a prominent hub for research and development in materials science, metallurgy, and advanced manufacturing technologies. Universities, research institutions, and corporate R&D centers in the region actively study BMGs, exploring novel compositions, processing techniques, and applications. This emphasis on innovation drives the expansion of the BMG market in North America.
Some of the major companies operating in the global market are Orbray Co Ltd, Epson Atmix Corporation, Eutectix Llc, etc.
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