Amorphous Metals Market Forecast by 2021-2028
Emergen Research’s latest market research report focuses on the global Amorphous Metals market, and the report provides in-depth analysis of each of its major segments. Reports about the global Amorphous Metals market provide a comprehensive overview of the market, including market size, revenue growth rate, industry statistics, revenue shares among regional markets, gross profits, production costs, and product portfolios. The report also highlights the most important factors influencing industry revenue growth, including drivers, opportunities, trends, restraints, challenges, demand and supply ratios, production and consumption patterns, strict regulatory frameworks, and a multitude of micro-economic and macro-economic factors. Amorphous Metals industry projections and qualitative and quantitative assessments have been provided by the report's authors.
The global amorphous metals market size reached USD 985.4 Million in 2020 and is expected to register a revenue CAGR of 8.8% during the forecast period, according to latest analysis by Emergen Research. Increasing need for good thermal conductivity and increasing need for high resistance against corrosion is expected to support market revenue growth between 2021 and 2028. In addition, increasing need for amorphous metals for scratch resistance will boost revenue growth of the market. Corrosion and abrasion of metals used in building construction are major issues in all countries, and better substitutions are urgently required to address this issue. Corrosion of metals can be problematic because it could result in affecting building structure and strength. Amorphous metals provide a good solution to this problem. Amorphous metals have plenty of useful properties and are harder than crystalline metals as it has high tensile yield strength and lesser ductility than crystalline alloys, allowing the metals to withstand physical damage and scratches more effectively. In addition, amorphous metal films are used in various sports equipment, medical gadgets, and electrical equipment to provide a protective layer as the metals are deposited using a high velocity oxygen fuel technique, resulting in better scratch resistance.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
Key Companies Profiled in the Report are 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., and Junhua Technology Co., Ltd.
On the basis of type, the market is segmented into Glass Wool, Rock Wool, Foamed Plastics, Others
On the basis of application, the market is segmented into Distribution Transformer, Electronic Machinery, Electronic Components, Others
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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Key Highlights from the Report
- Iron based segment is expected to register a substantially rapid revenue CAGR during the forecast period due to rising need for temperature stability and wearing resistance of alloys.
- Chemical process segment is expected to register a significantly robust revenue growth rate over the forecast period due to rising demand for high tensile strength alloys. High tensile alloys are developed by different chemical processes such as physical vapor deposition, solid state reaction, ion radiation, and rapid cooling.
- Asia Pacific market is expected to register a considerably large revenue share due to robust presence of major market players providing amorphous metals such as 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.
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
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