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Metallic Glass Market

ID: MRFR/CnM/28371-HCR
111 Pages
Snehal Singh
October 2025

Metallic Glass Market Research Report: By Product Type (Bulk Metallic Glass, Metallic Glass Foil, Metallic Glass Powder, Metallic Glass Wire), By Application (Medical Devices, Consumer Electronics, Aerospace, Automotive, Energy), By Size (Small, Medium, Large), By Material Type (Iron-based, Nickel-based, Cobalt-based) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

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Metallic Glass Market Summary

As per MRFR analysis, the Metallic Glass Market Size was estimated at 14.71 USD Billion in 2024. The Metallic Glass industry is projected to grow from 16.19 USD Billion in 2025 to 42.03 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 10.01 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Metallic Glass Market is poised for substantial growth driven by diverse applications and technological advancements.

  • The aerospace and automotive sectors exhibit a rising demand for metallic glass materials, indicating a robust market trajectory.
  • Advancements in processing techniques are enhancing the production efficiency and application range of metallic glasses.
  • Emerging applications in consumer electronics are expanding the market's reach, particularly in innovative product designs.
  • Key market drivers include the rising demand in renewable energy technologies and innovations in biomedical applications, particularly in North America and Asia-Pacific.

Market Size & Forecast

2024 Market Size 14.71 (USD Billion)
2035 Market Size 42.03 (USD Billion)
CAGR (2025 - 2035) 10.01%

Major Players

Liquidmetal Technologies (US), Hitachi Metals (JP), Corning Incorporated (US), Advanced Materials (US), Amorphous Technologies (US), Zygo Corporation (US), Toshiba Corporation (JP), Materion Corporation (US)

Metallic Glass Market Trends

The Metallic Glass Market is currently experiencing a notable evolution, driven by advancements in material science and increasing applications across various industries. This unique class of materials, characterized by their amorphous structure, offers superior mechanical properties, corrosion resistance, and enhanced magnetic performance. As industries seek innovative solutions to improve product performance and durability, the demand for metallic glasses is likely to rise. Furthermore, the growing emphasis on lightweight materials in sectors such as aerospace and automotive is propelling the exploration of metallic glasses as viable alternatives to traditional materials. In addition to industrial applications, the potential for metallic glasses in consumer electronics and medical devices is becoming increasingly apparent. The versatility of these materials allows for the development of smaller, more efficient components that can enhance device functionality. Moreover, ongoing research into the processing techniques and cost-effective production methods may further stimulate market growth. As the Metallic Glass Market continues to mature, it appears poised to play a crucial role in the future of advanced materials, potentially reshaping various sectors by offering innovative solutions that meet evolving demands.

Rising Demand in Aerospace and Automotive Sectors

The aerospace and automotive industries are increasingly adopting metallic glasses due to their lightweight and high-strength properties. This trend suggests a shift towards materials that enhance fuel efficiency and performance, aligning with global sustainability goals.

Advancements in Processing Techniques

Innovations in manufacturing processes for metallic glasses are likely to improve production efficiency and reduce costs. These advancements may enable broader applications and accessibility, fostering growth in various sectors.

Emerging Applications in Consumer Electronics

The integration of metallic glasses in consumer electronics is gaining traction, as these materials offer enhanced performance in smaller form factors. This trend indicates a potential shift in design paradigms, focusing on efficiency and compactness.

Metallic Glass Market Drivers

Expansion of the Electronics Sector

The Metallic Glass Market is poised for growth due to the rapid expansion of the electronics sector. With the increasing demand for miniaturized and high-performance electronic components, metallic glasses are being explored for applications in connectors, sensors, and magnetic materials. The Metallic Glass is anticipated to surpass USD 5 trillion by 2026, indicating a significant opportunity for metallic glass materials to meet the evolving needs of this sector. This trend suggests that the Metallic Glass Market could play a crucial role in advancing electronic technologies, potentially leading to the development of more efficient and compact devices.

Innovations in Biomedical Applications

The Metallic Glass Market is witnessing a growing interest in biomedical applications, particularly in the development of advanced medical devices. The unique properties of metallic glasses, such as biocompatibility and high strength, make them suitable for use in implants and surgical instruments. The global market for medical devices is expected to exceed USD 500 billion by 2027, with a significant portion attributed to innovative materials like metallic glasses. This trend indicates that the Metallic Glass Market may capitalize on the increasing demand for high-performance medical solutions, potentially leading to breakthroughs in patient care and surgical outcomes.

Advancements in Manufacturing Techniques

The Metallic Glass Market is experiencing a transformation driven by advancements in manufacturing techniques. Innovations such as 3D printing and rapid solidification processes are enabling the production of complex geometries and tailored properties in metallic glasses. These advancements are likely to enhance the scalability and cost-effectiveness of metallic glass production, making it more accessible for various applications. As manufacturing technologies continue to evolve, the Metallic Glass Market may witness increased adoption across multiple sectors, potentially leading to a broader range of applications and improved material performance.

Growth in Defense and Military Applications

The Metallic Glass Market is likely to benefit from the increasing investments in defense and military applications. The unique properties of metallic glasses, including their high strength-to-weight ratio and resistance to wear, make them ideal for use in armor systems and advanced weaponry. As nations prioritize modernization and technological advancements in defense, the demand for innovative materials is expected to rise. The global defense spending is projected to reach USD 2 trillion by 2026, suggesting a substantial market opportunity for the Metallic Glass Market to provide cutting-edge solutions that enhance the performance and durability of military equipment.

Rising Demand in Renewable Energy Technologies

The Metallic Glass Market is experiencing a notable surge in demand due to the increasing adoption of renewable energy technologies. As nations strive to reduce carbon emissions, the need for efficient energy storage solutions becomes paramount. Metallic glasses, with their superior mechanical properties and corrosion resistance, are being explored for applications in wind turbines and solar panels. The market for energy storage systems is projected to reach USD 1 trillion by 2030, indicating a substantial opportunity for metallic glass materials. This trend suggests that the Metallic Glass Market could play a pivotal role in the transition towards sustainable energy solutions, potentially enhancing the performance and longevity of renewable energy systems.

Market Segment Insights

By Product Type: Bulk Metallic Glass (Largest) vs. Metallic Glass Powder (Fastest-Growing)

The Metallic Glass Market is characterized by varied segments, with Bulk Metallic Glass holding the largest share due to its extensive applications in industries such as aerospace and automotive. This segment benefits from high demand for materials that offer superior strength and corrosion resistance. Meanwhile, Metallic Glass Powder is rapidly gaining traction due to growing interest in additive manufacturing, which requires innovative materials that can enhance performance and reduce weight. As such, it represents a vital growth opportunity in this market.

Bulk Metallic Glass (Dominant) vs. Metallic Glass Wire (Emerging)

Bulk Metallic Glass is recognized as the dominant segment in the Metallic Glass Market, primarily due to its exceptional mechanical properties and versatility, making it ideal for structural and functional applications. In contrast, Metallic Glass Wire, though still emerging, is gaining momentum as industries seek lightweight and high-strength alternatives for electrical and electronic applications. This segment is driven by advancements in manufacturing techniques and the increasing adoption of precision electronics. As crosstalk between these segments intensifies, the unique qualities of both Bulk Metallic Glass and Metallic Glass Wire position them favorably for continued growth and innovation in the market.

By Application: Medical Devices (Largest) vs. Aerospace (Fastest-Growing)

The metallic glass market is increasingly being driven by its diverse applications across various sectors, with medical devices representing the largest share. This segment leverages the unique properties of metallic glasses, such as their strength and corrosion resistance, creating an optimal solution for surgical tools, implants, and other equipment. Consumer electronics and automotive applications follow, creating a highly competitive landscape as the technology continues to evolve.

Medical Devices: Surgical Instruments (Dominant) vs. Aerospace: Lightweight Components (Emerging)

In the medical devices arena, surgical instruments stand out as dominant, benefiting from the exceptional durability and precision offered by metallic glass materials. As healthcare demands increase for more reliable and efficient tools, this segment is poised for sustained growth. In contrast, the aerospace sector is emerging with lightweight components made from metallic glasses, which provide enhanced performance in high-stress environments. These components are critical for reducing overall aircraft weight while maintaining structural integrity. As innovations in this area continue to progress, the aerospace segment is expected to witness rapid advancements and increased adoption of metallic glasses.

By Size: Large (Largest) vs. Medium (Fastest-Growing)

In the Metallic Glass Market, the size segments exhibit varied distribution with Large being the dominant category due to its extensive applications in aerospace, automotive, and electronics. This segment significantly contributes to the market's revenue, with companies focusing on innovations to enhance its performance. Meanwhile, the Medium segment is gaining traction, driven by increasing demand for versatile materials that offer a balance between functionality and manufacturability. Its applications in consumer electronics are on the rise, indicating a shift towards more compact yet efficient designs. Growth trends for the Metallic Glass Market by size reveal a promising trajectory, particularly for the Medium segment that has emerged as the fastest-growing category. Factors driving this growth include advances in production techniques and enhanced material properties, allowing Medium-sized metallic glasses to meet the evolving needs of various industries. Furthermore, the push towards lightweight materials in manufacturing processes bolsters the demand for Medium-sized solutions, making it a significant focus for innovation and investment in the coming years.

Large (Dominant) vs. Medium (Emerging)

The Large size segment in the Metallic Glass Market holds a significant position as a dominant force, primarily due to its extensive uses in sectors that require high strength and thermal stability. These materials are often utilized in critical applications where performance under extreme conditions is paramount, showcasing their superiority in resilience and durability. Meanwhile, the Medium size segment is emerging rapidly, appealing to industries seeking adaptable solutions that can deliver high performance in compact applications. Medium-sized metallic glasses offer unique capabilities such as improved machinability and customization potential, paving the way for innovation in consumer electronics and other fields. As manufacturers strive to optimize efficiency without compromising quality, the Medium segment is positioned for significant growth.

By Material Type: Iron-based (Largest) vs. Nickel-based (Fastest-Growing)

In the Metallic Glass Market, the Iron-based segment commands a significant portion of the market share due to its exceptional properties such as high strength and magnetic characteristics, making it suitable for various applications. Meanwhile, the Nickel-based segment is rapidly gaining traction, attributed to its corrosion resistance and higher performance in extreme conditions, appealing particularly to industries like aerospace and electronics. As the demand for advanced materials increases, growth trends indicate a rising preference for Nickel-based metallic glasses. This surge is driven by the need for lightweight, high-strength materials in modern applications, which are increasingly prioritizing efficiency and durability. Additionally, innovations in production processes are enhancing the quality and availability of these metallic glasses, further propelling their adoption.

Material Type: Iron-based (Dominant) vs. Cobalt-based (Emerging)

The Iron-based metallic glasses are currently the dominant players in the market, offering exceptional toughness and temperature stability that are crucial for various manufacturing processes. Their robust properties make them highly sought after in industries that require reliable material performance. Conversely, Cobalt-based metallic glasses are emerging contenders with unique characteristics such as high wear resistance and excellent magnetic properties. Although they currently hold a smaller market share, the growing interest in specialty applications, including electronics and innovative materials, positions Cobalt-based glasses as a valuable alternative, which may see increasing demand as industries look for enhanced performance materials.

Get more detailed insights about Metallic Glass Market

Regional Insights

North America : Innovation and Demand Surge

North America is the largest market for metallic glass, holding approximately 45% of the global share. The region's growth is driven by advancements in technology, increasing demand in aerospace and automotive sectors, and supportive government regulations promoting innovative materials. The presence of key players like Liquidmetal Technologies and Corning Incorporated further fuels market expansion. The United States dominates the North American market, with significant contributions from Canada. The competitive landscape is characterized by a mix of established companies and emerging startups focusing on R&D. The region's robust infrastructure and investment in advanced manufacturing technologies position it as a leader in the metallic glass market.

Europe : Emerging Market with Potential

Europe is the second-largest market for metallic glass, accounting for around 30% of the global share. The region's growth is propelled by increasing applications in electronics, medical devices, and renewable energy technologies. Regulatory frameworks supporting sustainable materials and innovation are also key drivers. Countries like Germany and France are at the forefront of this growth, leveraging their strong industrial base. Germany leads the European market, followed by France and the UK, with a competitive landscape featuring both multinational corporations and innovative SMEs. Key players such as Hitachi Metals and Toshiba Corporation are investing in R&D to enhance product offerings. The region's focus on sustainability and advanced manufacturing techniques is expected to further boost market growth.

Asia-Pacific : Rapid Growth and Adoption

Asia-Pacific is witnessing rapid growth in the metallic glass market, driven by increasing industrialization and demand for advanced materials in electronics and automotive sectors. The region holds approximately 20% of the global market share, with countries like Japan and China leading the charge. Government initiatives promoting high-tech manufacturing and innovation are significant catalysts for this growth. Japan is the largest market in the region, with strong contributions from China and South Korea. The competitive landscape is marked by the presence of key players such as Amorphous Technologies and Materion Corporation. The region's focus on technological advancements and collaborations between industry and academia is expected to enhance its position in The Metallic Glass.

Middle East and Africa : Untapped Potential and Growth

The Middle East and Africa region is still developing its metallic glass market, currently holding about 5% of the global share. Growth is driven by increasing investments in technology and infrastructure, particularly in the UAE and South Africa. The region's potential is bolstered by government initiatives aimed at diversifying economies and promoting advanced materials. South Africa is the leading country in this region, with emerging players beginning to explore the applications of metallic glass in various industries. The competitive landscape is still nascent, but there is a growing interest from international companies looking to enter this market. As the region continues to invest in technology and innovation, the metallic glass market is expected to expand significantly.

Metallic Glass Market
 Regional Image

Key Players and Competitive Insights

The Metallic Glass Market is currently characterized by a dynamic competitive landscape, driven by innovation, technological advancements, and strategic partnerships. Key players such as Liquidmetal Technologies (US), Hitachi Metals (JP), and Corning Incorporated (US) are at the forefront, each adopting distinct strategies to enhance their market positioning. Liquidmetal Technologies (US) focuses on leveraging its proprietary technology to develop high-performance metallic glass products, while Hitachi Metals (JP) emphasizes research and development to expand its product offerings in various industrial applications. Corning Incorporated (US) is strategically investing in advanced manufacturing processes to improve efficiency and product quality, thereby reinforcing its competitive edge in the market.

The business tactics employed by these companies reflect a concerted effort to optimize supply chains and localize manufacturing. The Metallic Glass Market appears to be moderately fragmented, with several players vying for market share. However, the collective influence of major companies is significant, as they drive innovation and set industry standards. This competitive structure suggests that while there is room for new entrants, established players are likely to maintain a stronghold through their advanced technologies and strategic initiatives.

In August 2025, Liquidmetal Technologies (US) announced a partnership with a leading automotive manufacturer to develop lightweight components using metallic glass. This collaboration is poised to enhance the performance and fuel efficiency of vehicles, indicating a strategic move towards tapping into the automotive sector's growing demand for advanced materials. Such partnerships not only bolster Liquidmetal's market presence but also highlight the increasing relevance of metallic glass in diverse applications.

In September 2025, Hitachi Metals (JP) unveiled a new line of metallic glass products specifically designed for the electronics industry. This launch is significant as it aligns with the rising demand for miniaturized and high-performance electronic components. By focusing on this niche market, Hitachi Metals is likely to strengthen its competitive position and cater to the evolving needs of technology manufacturers.

Moreover, in July 2025, Corning Incorporated (US) expanded its production capabilities by investing in a state-of-the-art facility dedicated to the manufacturing of metallic glass. This strategic investment underscores Corning's commitment to innovation and its intent to meet the increasing global demand for advanced materials. The facility is expected to enhance production efficiency and reduce lead times, thereby improving Corning's competitive stance in the market.

As of October 2025, the Metallic Glass Market is witnessing trends such as digitalization, sustainability, and the integration of artificial intelligence in manufacturing processes. These trends are reshaping the competitive landscape, with companies increasingly forming strategic alliances to leverage complementary strengths. The shift from price-based competition to a focus on innovation, technology, and supply chain reliability is becoming evident. Moving forward, competitive differentiation will likely hinge on the ability to innovate and adapt to changing market demands, positioning companies that prioritize these aspects for sustained success.

Key Companies in the Metallic Glass Market market include

Industry Developments

The metallic Glasss market is projected to grow at a CAGR of 10.01%, from USD 12.16 billion in 2023 to USD 28.7 billion by 2032. This growth is attributed to the increasing demand for metallic Glassses in various industries, such as automotive, aerospace, and healthcare.Recent news developments and current affairs in the metallic Glasss market include the development of new alloys with improved properties, such as higher strength and toughness. Additionally, there is a growing interest in the use of metallic Glassses in additive manufacturing, which offers the potential to produce complex shapes and geometries.

Future Outlook

Metallic Glass Market Future Outlook

The Metallic Glass Market is projected to grow at a 10.01% CAGR from 2024 to 2035, driven by advancements in material science, increasing demand in electronics, and aerospace applications.

New opportunities lie in:

  • Development of high-performance metallic glass alloys for aerospace components.
  • Integration of metallic glass in consumer electronics for enhanced durability.
  • Establishment of recycling programs for metallic glass to reduce production costs.

By 2035, the Metallic Glass Market is expected to achieve substantial growth and innovation.

Market Segmentation

Metallic Glass Market Size Outlook

  • Small
  • Medium
  • Large

Metallic Glass Market Application Outlook

  • Medical Devices
  • Consumer Electronics
  • Aerospace
  • Automotive
  • Energy

Metallic Glass Market Product Type Outlook

  • Bulk Metallic Glasss
  • Metallic Glasss Foil
  • Metallic Glasss Powder
  • Metallic Glasss Wire

Metallic Glass Market Material Type Outlook

  • Iron-based
  • Nickel-based
  • Cobalt-based

Report Scope

MARKET SIZE 202414.71(USD Billion)
MARKET SIZE 202516.19(USD Billion)
MARKET SIZE 203542.03(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)10.01% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledMarket analysis in progress
Segments CoveredMarket segmentation analysis in progress
Key Market OpportunitiesAdvancements in manufacturing techniques enhance applications in electronics and aerospace within the Metallic Glass Market.
Key Market DynamicsRising demand for lightweight materials drives innovation and competition in the metallic glass market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

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FAQs

What is the projected market valuation of the Metallic Glass Market by 2035?

The Metallic Glass Market is projected to reach a valuation of 42.03 USD Billion by 2035.

What was the market valuation of the Metallic Glass Market in 2024?

In 2024, the Metallic Glass Market had a valuation of 14.71 USD Billion.

What is the expected CAGR for the Metallic Glass Market during the forecast period 2025 - 2035?

The expected CAGR for the Metallic Glass Market during the forecast period 2025 - 2035 is 10.01%.

Which product type segment is anticipated to have the highest valuation by 2035?

The Bulk Metallic Glass segment is anticipated to reach a valuation of 16.83 USD Billion by 2035.

What are the key applications driving growth in the Metallic Glass Market?

Key applications include Consumer Electronics, projected to reach 10.5 USD Billion, and Automotive, expected to reach 8.5 USD Billion by 2035.

Which material type is expected to dominate the Metallic Glass Market by 2035?

Iron-based metallic glasses are expected to dominate, with a projected valuation of 16.73 USD Billion by 2035.

Who are the leading companies in the Metallic Glass Market?

Key players in the Metallic Glass Market include Liquidmetal Technologies, Hitachi Metals, and Corning Incorporated.

What is the projected valuation for the Metallic Glass Foil segment by 2035?

The Metallic Glass Foil segment is projected to reach a valuation of 10.56 USD Billion by 2035.

How does the market size for medium-sized applications compare to large-sized applications by 2035?

By 2035, medium-sized applications are projected to reach 12.5 USD Billion, while large-sized applications are expected to reach 23.28 USD Billion.

What is the anticipated growth for the Aerospace application segment by 2035?

The Aerospace application segment is anticipated to grow to a valuation of 8.25 USD Billion by 2035.

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