Amorphous Metal Ribbons Market Size, Share, Growth, and Industry Analysis, By Type (Iron-Based, Cobalt-Based, and Others), By Application (Distribution Transformer, Electric Machinery, Electronic Components, and Others), Regional Insights, and Forecast To 2032

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Amorphous Metal Ribbons Market REPORT OVERVIEW

The global amorphous metal ribbons market size was USD 0.93 billion in 2024 and market is projected to touch USD 1.6 billion by 2032, exhibiting a CAGR of 7% during the forecast period.

Amorphous ribbon is a type of soft magnetic material. It is made using cutting-edge technology that solidifies molten metal quickly at a cooling rate of almost one million degrees Celsius per second. Due to the fast quenching rate used during this procedure, the alloy's microstructure is amorphous and the metal is swiftly cooled as a ribbon of 25–35 m thickness. Amorphous metal ribbon has many advantages, such as high permeability, high saturate induction, high electrical resistivity, high density, low core loss and good stability.

Amorphous metal ribbons can replace the materials of silicon steel, permalloy and ferrite. It is majorly used in electronic products which demand high accuracy and good stability. Its applications range from inverter reactor, transformer core, PFC inductor core, wide constant permeable inductor core and so on. It is most often used as amorphous electromagnetic shielding material for digital devices.

COVID-19 Impact: Lockdown Hampered Market Growth

COVID-19 had a life changing impact globally. The global amorphous metal ribbons market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for amorphous metal ribbons experienced a drop in demand.

There was a surge in electricity usage across the globe. The need for it increased due to ventilators usage, lights for multiple operations and so on. To keep up with the electricity needs, transformers were installed in multiple areas to ensure no power cut in a hospital or neighborhood. This led to an increase in usage of amorphous metal ribbons as they were highly magnetic and were ideal for usage of transformers. With the surge of electricity requirements, the global amorphous metal ribbons market is set for robust growth.

The disruptions in supply chain caused a hamper in the production units. This was led due to lack of raw materials and inaccessibility to manufacturing hubs. Also, the work force in this industry saw a major decline. Due to the social distancing norms and laws put forth by the governments, people were confined out of the factories. This caused a decline in the global amorphous metal ribbons share.

LATEST TRENDS

"Spontaneous Testing to Broaden Market Growth"

According to SME, amorphous metal could prove essential in 3D printing. They are extremely elastic while also being extremely rigid. Their internal structure is disorganized. This is due to the fact that they are rapidly cooled from the molten stage, which precludes the production of a crystalline structure that is ordered. As a result, an amorphous, non-crystalline solid is created, in which most of the atoms are still in an unorganized form.

The global amorphous metal ribbons market growth is anticipated to increase owing to recent experimentation by young minds. According to an article published on Ceratizit, a group of engineers from multiple colleges have developed a type of amorphous steel with record breaking ability to withstand impact without permanent deformation. They have named this alloy SAM2X5-630. Its applications are primarily focused on body armor and meteor resistant casings for satellites.

Amorphous Metal Ribbons Market SEGMENTATION

• By Type

Based on type, the market is divided into Iron-Based, Cobalt-Based, and Other Types. Iron-Based holds a major share of the global market.

• By Application

Based on application, the market is bifurcated into Distribution Transformer, Electric Machinery, Electronic Components, and Others. Distribution Transformer as application holds a major share of the global market.

DRIVING FACTORS

"Cost and Energy Savings to Promote Amorphous Steel Adoption"

Amorphous metal ribbons exhibit excellent traits for usage in multiple avenues. Researchers from University of Southern California are looking at amorphous ribbons as a new way of sustainability. The properties such as high wear and corrosion resistance and high temperature resistance makes them economical as they would not need to be replaced at the slightest of misgivings. Its superior bond strength gives a sense of reliability of the material. According to Wilson Power Solutions, the advancements in amorphous technology has allowed to lean towards Tier 3 Eco Design directive. Such technological advances will propel the global amorphous metal ribbons market growth in the future.

"Electric Vehicle in Automotive Industry to Propel Market Sales"

According IEA, sales of electric vehicles doubled in 2021 from 2020 with a record 6.6 million. Starting with just 120,000 vehicles sold in 2012; In the current market more than that are sold each week. Nearly 10% of the global car sales were electric in 2021 and four time the market shares in 2019. Due to the multiple electronic and digital devices that go in to the making of an electric vehicle, it is expected to drive the global amorphous metal ribbons market share.

RESTRAINING FACTORS

"High Manufacturing Costs to Lessen Market Availability"

There are several factors that could affect the global amorphous metal ribbons market growth. The major hindrance would be caused due to the massive manufacturing costs. Since the amorphous metal ribbons are brittle, small fragments break off during the manufacture. This causes a partial discharge with leads to high failure rate of the alloy. The transformers since built in a rectangular shape have lesser ability to resists the effects of short-circuit. These shortcomings could impact the adoption of amorphous metal ribbons in the future.

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Amorphous Metal Ribbons MarketREGIONAL INSIGHTS

"Asia Pacific to Lead Market considering Industrial Transformations"

Asia Pacific countries have started several industries to take advantage of the expanding amorphous metal ribbons market share. Multiple companies in the Asia Pacific region are the key industry players for this market. Owing to the rapid industrialization in this region, it has contributed to the major share in the global market. Also considering the several developments by companies in this region have increased scope and target market for amorphous metal ribbons market size.

KEY INDUSTRY PLAYERS

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

LIST OF TOP Amorphous Metal Ribbons COMPANIES

• Hitachi [Japan]
• Henan Zhongyue [China]
• Junhua Technology [China]
• Londerful New Material Technology Corp [China]
• Shenke Slide Bearing [China]
• Foshan Huaxin Microlite Metal [China]
• Advanced Technology & Materials [China]
• Zhejiang Zhaojing Electrical Company [China]
• Qingdao Yunlu Advanced Material Technology [China]
• China Amorphous Technology [China]
• Orient Group [China]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.