Global magnesium alloys market expected to generate around USD 3.38 billion by 2026, at a CAGR of around 12.7% between 2019 and 2026. Magnesium is excessively available around the world. Magnesium is found primarily beneath the surface of the ocean beds in various forms.
The report covers a forecast and an analysis of the magnesium market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2026 based on both volume (Kilotons) and revenue (USD Billion). The study includes drivers and restraints of the global magnesium alloys market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the global magnesium alloys market on a global level.
In order to give the users of this report a comprehensive view of the global magnesium alloys market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global magnesium alloys market by segmenting it based on alloy type, end-use industry, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2026. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Some key players of the global magnesium alloys market are Magnesium Elektron, Nanjing Yunhai Special Metals, Ka Shui International, US Magnesium, Meridian Lightweight Technologies, Shanghai Regal Magnesium, Magontec, Shanxi Credit Magnesium, Shanxi Yinguang Huasheng Magnesium, and AMACOR.
This report segments the global magnesium alloys market:
Global Magnesium Alloys Market: By Alloy Type
Global Magnesium Alloys Market: By End-Use Industry
Global Magnesium Alloys Market: By Region
List of Figures
1. Market research process
2. Market methodology
3. Global magnesium alloys market revenue, 2016–2026 (USD Billion) (Kilotons)
4. Porter’s Five Forces Analysis
5. Magnesium alloys market attractiveness analysis, by alloy type
6. Magnesium alloys market attractiveness analysis, by end-use industry
7. Magnesium alloys market attractiveness analysis, by region
8. Company market share analysis, 2018
9. Global magnesium alloys market share by alloy type, 2018 and 2026
10. Global magnesium alloys market for cast, 2016–2026 (USD Billion) (Kilotons)
11. Global magnesium alloys market for wrought, 2016–2026 (USD Billion) (Kilotons)
12. Global magnesium alloys market share by end-use industry, 2018 and 2026
13. Global magnesium alloys market for automotive & transportation, 2016–2026 (USD Billion) (Kilotons)
14. Global magnesium alloys market for electronic, 2016–2026 (USD Billion) (Kilotons)
15. Global magnesium alloys market for aerospace & defense, 2016–2026 (USD Billion) (Kilotons)
16. Global magnesium alloys market for power tools, 2016–2026 (USD Billion) (Kilotons)
17. Global magnesium alloys market share by region, 2018 and 2026
18. North America magnesium alloys market, 2016–2026 (USD Billion) (Kilotons)
19. Europe magnesium alloys market, 2016–2026 (USD Billion) (Kilotons)
20. Asia Pacific magnesium alloys market, 2016–2026 (USD Billion) (Kilotons)
21. Latin America magnesium alloys market, 2016–2026 (USD Billion) (Kilotons)
22. The Middle East and Africa magnesium alloys market, 2016–2026 (USD Billion) (Kilotons)
List of Tables
1. Magnesium alloys market: Market Snapshot
2. Drivers of the global magnesium alloys market: impact analysis
3. Restraints of the global magnesium alloys market: impact analysis
4. North America magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
5. North America magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
6. The U.S. magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
7. The U.S. magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
8. Canada magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
9. Canada magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
10. Europe magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
11. Europe magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
12. U.K. magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
13. U.K. magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
14. Germany magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
15. Germany magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
16. France magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
17. France magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
18. Rest of Europe magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
19. Rest of Europe magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
20. Asia Pacific magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
21. Asia Pacific magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
22. China magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
23. China magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
24. Japan magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
25. Japan magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
26. India magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
27. India magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
28. Rest of Asia Pacific magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
29. Rest of Asia Pacific magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
30. Latin America magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
31. Latin America magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
32. Brazil magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
33. Brazil magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
34. Rest of Latin America magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
35. Rest of Latin America magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
36. The Middle East and Africa magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
37. The Middle East and Africa magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
Magnesium is found primarily beneath the surface of the ocean beds in various forms. Magnesium is abundantly available across the world. Alloys are a mixture of metals that are a better alternative to iron, as they are lighter and stronger. Alloys of magnesium have better heat resistance, more tensile strength, and high corrosion resistance. Due to these favorable properties, magnesium is used widely in the automotive and transportation industry. In the automotive industry, magnesium alloys are mostly used for increasing the fuel efficiency and battery range of vehicles and meeting various emission regulations. Magnesium is also widely used in various electronics, due to its corrosion resistance properties and lightweight. These are some factor fuelling the global magnesium alloys market development. However, less price certainty of magnesium has been a restraint for the global magnesium alloys market over the years. There has been a lot of development to find new applications of magnesium alloys, which is expected that magnesium alloys will be extensively used in electric vehicles in the future as well. This is likely to further fuel the magnesium alloys market globally in the years ahead. Magnesium alloys are also used in the aerospace and defense sector, due to its high tensile strength.
On the basis of alloy type, the magnesium alloys market includes cast and wrought alloys. Cast alloys are expected to hold the maximum market share, both in terms of volume and value, throughout the estimated timeline. Magnesium has excellent casting abilities and casting alloys are cheaper than wrought alloys. There is a growing casting alloy demand, due to its cost benefits, in automotive and transportation, aerospace and defense and electronics industries. Based on end-use industry, the magnesium alloys market includes aerospace and defense, automotive and transportation, electronics, and power tools. The aerospace and defense sector is estimated to hold a substantial market share in terms of both value and volume throughout the forecast time period, owing to the high demand for magnesium alloys for constructing body structures and parts for engines.
Geographically, Asia Pacific is estimated to have maximum market share in terms of both value and volume throughout the forecast time period of the global magnesium alloys market. This regional dominance can be attributed to the presence of several electronics and automobile component manufacturers in China and South Korea and the increasing demand for smartphones by the regional population.
Some key players of the global magnesium alloys market are Magnesium Elektron, Nanjing Yunhai Special Metals, Ka Shui International, US Magnesium, Meridian Lightweight Technologies, Shanghai Regal Magnesium, Magontec, Shanxi Credit Magnesium, Shanxi Yinguang Huasheng Magnesium, and AMACOR.
Request the coronavirus impact analysis across industries and markets
Zion Market Research
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No 020-46277770
US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed