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Magnesium - Global Market Trajectory & Analytics

  • ID: 338729
  • Report
  • July 2020
  • Region: Global
  • 227 Pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • Albemarle Corporation
  • Aremco Products, Inc.
  • Belmont Metals, Inc.
  • Dead Sea Magnesium Ltd.
  • Lehmann & Voss
  • Posco Co.
  • MORE
Global Magnesium Market to Reach 1.6 Million Metric Tons by the Year 2027

Amid the COVID-19 crisis, the global market for Magnesium estimated at 1.1 Million Metric Tons in the year 2020, is projected to reach a revised size of 1.6 Million Metric Tons by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027.Aluminum Alloys, one of the segments analyzed in the report, is projected to grow at a 5.6% CAGR to reach 719.4 Thousand Metric Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Die Casting segment is readjusted to a revised 4.9% CAGR for the next 7-year period. This segment currently accounts for a 24.9% share of the global Magnesium market.

The U. S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 7.5% CAGR for the Period of 2020-2027

The Magnesium market in the U. S. is estimated at 310.4 Thousand Metric Tons in the year 2020. The country currently accounts for a 27.11% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 327.7 Thousand Metric Tons in the year 2027 trailing a CAGR of 7.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR while Rest of European market (as defined in the study) will reach 327.7 Thousand Metric Tons by the year 2027.

Titanium Refining Segment Corners a 14.8% Share in 2020

In the global Titanium Refining segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of 129 Thousand Metric Tons in the year 2020 will reach a projected size of 170.5 Thousand Metric Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 212.8 Thousand Metric Tons by the year 2027, while Latin America will expand at a 5.4% CAGR through the analysis period. The publisher brings years of research experience to this 17th edition of our report. The 227-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • Albemarle Corporation
  • Aremco Products, Inc.
  • Belmont Metals, Inc.
  • Companhia Siderurgica Nacional SA (CSN)
  • Dead sea Magnesium Ltd.
  • Israel Chemicals Ltd. (ICL)
  • Lehmann & Voss & Co. KG
  • POSCO
  • PQ Corporation
  • Tokuyama Corporation

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Albemarle Corporation
  • Aremco Products, Inc.
  • Belmont Metals, Inc.
  • Dead Sea Magnesium Ltd.
  • Lehmann & Voss
  • Posco Co.
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

Magnesium Competitor Market Share Scenario Worldwide (in %): 2019 & 2028

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Magnesium Global Market Estimates and Forecasts in Metric Tons by Region/Country: 2020-2027
TABLE 2: Magnesium Global Retrospective Market Scenario in Metric Tons by Region/Country: 2012-2019
TABLE 3: Magnesium Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Aluminum Alloys (Application) Global Opportunity Assessment in Metric Tons by Region/Country: 2020-2027
TABLE 5: Aluminum Alloys (Application) Historic Sales Analysis in Metric Tons by Region/Country: 2012-2019
TABLE 6: Aluminum Alloys (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Die Casting (Application) Worldwide Sales in Metric Tons by Region/Country: 2020-2027
TABLE 8: Die Casting (Application) Historic Demand Patterns in Metric Tons by Region/Country: 2012-2019
TABLE 9: Die Casting (Application) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
TABLE 10: Titanium Refining (Application) Global Market Estimates & Forecasts in Metric Tons by Region/Country: 2020-2027
TABLE 11: Titanium Refining (Application) Retrospective Demand Analysis in Metric Tons by Region/Country: 2012-2019
TABLE 12: Titanium Refining (Application) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Steel Desulfurization (Application) Demand Potential Worldwide in Metric Tons by Region/Country: 2020-2027
TABLE 14: Steel Desulfurization (Application) Historic Sales Analysis in Metric Tons by Region/Country: 2012-2019
TABLE 15: Steel Desulfurization (Application) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Other Applications (Application) Worldwide Latent Demand Forecasts in Metric Tons by Region/Country: 2020-2027
TABLE 17: Other Applications (Application) Global Historic Analysis in Metric Tons by Region/Country: 2012-2019
TABLE 18: Other Applications (Application) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Magnesium Market Share (in %) by Company: 2019 & 2025

Market Analytics
TABLE 19: United States Magnesium Latent Demand Forecasts in Metric Tons by Application: 2020 to 2027
TABLE 20: Magnesium Historic Demand Patterns in the United States by Application in Metric Tons for 2012-2019
TABLE 21: Magnesium Market Share Breakdown in the United States by Application: 2012 VS 2020 VS 2027

CANADA

TABLE 22: Canadian Magnesium Market Quantitative Demand Analysis in Metric Tons by Application: 2020 to 2027
TABLE 23: Magnesium Market in Canada: Summarization of Historic Demand Patterns in Metric Tons by Application for 2012-2019
TABLE 24: Canadian Magnesium Market Share Analysis by Application: 2012 VS 2020 VS 2027

JAPAN

TABLE 25: Japanese Demand Estimates and Forecasts for Magnesium in Metric Tons by Application: 2020 to 2027
TABLE 26: Japanese Magnesium Market in Metric Tons by Application: 2012-2019
TABLE 27: Magnesium Market Share Shift in Japan by Application: 2012 VS 2020 VS 2027

CHINA

TABLE 28: Chinese Demand for Magnesium in Metric Tons by Application: 2020 to 2027
TABLE 29: Magnesium Market Review in China in Metric Tons by Application: 2012-2019
TABLE 30: Chinese Magnesium Market Share Breakdown by Application: 2012 VS 2020 VS 2027

EUROPE

Market Facts & Figures

European Magnesium Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics
TABLE 31: European Magnesium Market Demand Scenario in Metric Tons by Region/Country: 2020-2027
TABLE 32: Magnesium Market in Europe: A Historic Market Perspective in Metric Tons by Region/Country for the Period 2012-2019
TABLE 33: European Magnesium Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 34: European Magnesium Addressable Market Opportunity in Metric Tons by Application: 2020-2027
TABLE 35: Magnesium Market in Europe: Summarization of Historic Demand in Metric Tons by Application for the Period 2012-2019
TABLE 36: European Magnesium Market Share Analysis by Application: 2012 VS 2020 VS 2027

FRANCE

TABLE 37: Magnesium Quantitative Demand Analysis in France in Metric Tons by Application: 2020-2027
TABLE 38: French Magnesium Historic Market Review in Metric Tons by Application: 2012-2019
TABLE 39: French Magnesium Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027

GERMANY

TABLE 40: Magnesium Market in Germany: Annual Sales Estimates and Forecasts in Metric Tons by Application for the Period 2020-2027
TABLE 41: German Magnesium Market in Retrospect in Metric Tons by Application: 2012-2019
TABLE 42: Magnesium Market Share Distribution in Germany by Application: 2012 VS 2020 VS 2027

ITALY

TABLE 43: Italian Demand for Magnesium in Metric Tons by Application: 2020 to 2027
TABLE 44: Magnesium Market Review in Italy in Metric Tons by Application: 2012-2019
TABLE 45: Italian Magnesium Market Share Breakdown by Application: 2012 VS 2020 VS 2027

UNITED KINGDOM

TABLE 46: United Kingdom Demand Estimates and Forecasts for Magnesium in Metric Tons by Application: 2020 to 2027
TABLE 47: United Kingdom Magnesium Market in Metric Tons by Application: 2012-2019
TABLE 48: Magnesium Market Share Shift in the United Kingdom by Application: 2012 VS 2020 VS 2027

SPAIN

TABLE 49: Spanish Magnesium Market Quantitative Demand Analysis in Metric Tons by Application: 2020 to 2027
TABLE 50: Magnesium Market in Spain: Summarization of Historic Demand Patterns in Metric Tons by Application for 2012-2019
TABLE 51: Spanish Magnesium Market Share Analysis by Application: 2012 VS 2020 VS 2027

RUSSIA

TABLE 52: Russian Magnesium Latent Demand Forecasts in Metric Tons by Application: 2020 to 2027
TABLE 53: Magnesium Historic Demand Patterns in Russia by Application in Metric Tons for 2012-2019
TABLE 54: Magnesium Market Share Breakdown in Russia by Application: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 55: Rest of Europe Magnesium Addressable Market Opportunity in Metric Tons by Application: 2020-2027
TABLE 56: Magnesium Market in Rest of Europe: Summarization of Historic Demand in Metric Tons by Application for the Period 2012-2019
TABLE 57: Rest of Europe Magnesium Market Share Analysis by Application: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 58: Asia-Pacific Magnesium Market Estimates and Forecasts in Metric Tons by Region/Country: 2020-2027
TABLE 59: Magnesium Market in Asia-Pacific: Historic Market Analysis in Metric Tons by Region/Country for the Period 2012-2019
TABLE 60: Asia-Pacific Magnesium Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 61: Magnesium Quantitative Demand Analysis in Asia-Pacific in Metric Tons by Application: 2020-2027
TABLE 62: Asia-Pacific Magnesium Historic Market Review in Metric Tons by Application: 2012-2019
TABLE 63: Asia-Pacific Magnesium Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027

AUSTRALIA

TABLE 64: Magnesium Market in Australia: Annual Sales Estimates and Forecasts in Metric Tons by Application for the Period 2020-2027
TABLE 65: Australian Magnesium Market in Retrospect in Metric Tons by Application: 2012-2019
TABLE 66: Magnesium Market Share Distribution in Australia by Application: 2012 VS 2020 VS 2027

INDIA

TABLE 67: Indian Magnesium Market Quantitative Demand Analysis in Metric Tons by Application: 2020 to 2027
TABLE 68: Magnesium Market in India: Summarization of Historic Demand Patterns in Metric Tons by Application for 2012-2019
TABLE 69: Indian Magnesium Market Share Analysis by Application: 2012 VS 2020 VS 2027

SOUTH KOREA

TABLE 70: Magnesium Market in South Korea: Recent Past, Current and Future Analysis in Metric Tons by Application for the Period 2020-2027
TABLE 71: South Korean Magnesium Historic Market Analysis in Metric Tons by Application: 2012-2019
TABLE 72: Magnesium Market Share Distribution in South Korea by Application: 2012 VS 2020 VS 2027

REST OF ASIA-PACIFIC

TABLE 73: Rest of Asia-Pacific Demand Estimates and Forecasts for Magnesium in Metric Tons by Application: 2020 to 2027
TABLE 74: Rest of Asia-Pacific Magnesium Market in Metric Tons by Application: 2012-2019
TABLE 75: Magnesium Market Share Shift in Rest of Asia-Pacific by Application: 2012 VS 2020 VS 2027

LATIN AMERICA

TABLE 76: Latin American Magnesium Market Trends by Region/Country in Metric Tons: 2020-2027
TABLE 77: Magnesium Market in Latin America in Metric Tons by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 78: Latin American Magnesium Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 79: Latin American Demand for Magnesium in Metric Tons by Application: 2020 to 2027
TABLE 80: Magnesium Market Review in Latin America in Metric Tons by Application: 2012-2019
TABLE 81: Latin American Magnesium Market Share Breakdown by Application: 2012 VS 2020 VS 2027

ARGENTINA

TABLE 82: Argentinean Magnesium Addressable Market Opportunity in Metric Tons by Application: 2020-2027
TABLE 83: Magnesium Market in Argentina: Summarization of Historic Demand in Metric Tons by Application for the Period 2012-2019
TABLE 84: Argentinean Magnesium Market Share Analysis by Application: 2012 VS 2020 VS 2027

BRAZIL

TABLE 85: Magnesium Quantitative Demand Analysis in Brazil in Metric Tons by Application: 2020-2027
TABLE 86: Brazilian Magnesium Historic Market Review in Metric Tons by Application: 2012-2019
TABLE 87: Brazilian Magnesium Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027

MEXICO

TABLE 88: Magnesium Market in Mexico: Annual Sales Estimates and Forecasts in Metric Tons by Application for the Period 2020-2027
TABLE 89: Mexican Magnesium Market in Retrospect in Metric Tons by Application: 2012-2019
TABLE 90: Magnesium Market Share Distribution in Mexico by Application: 2012 VS 2020 VS 2027

REST OF LATIN AMERICA

TABLE 91: Rest of Latin America Magnesium Latent Demand Forecasts in Metric Tons by Application: 2020 to 2027
TABLE 92: Magnesium Historic Demand Patterns in Rest of Latin America by Application in Metric Tons for 2012-2019
TABLE 93: Magnesium Market Share Breakdown in Rest of Latin America by Application: 2012 VS 2020 VS 2027

MIDDLE EAST

TABLE 94: The Middle East Magnesium Market Estimates and Forecasts in Metric Tons by Region/Country: 2020-2027
TABLE 95: Magnesium Market in the Middle East by Region/Country in Metric Tons: 2012-2019
TABLE 96: The Middle East Magnesium Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 97: The Middle East Magnesium Market Quantitative Demand Analysis in Metric Tons by Application: 2020 to 2027
TABLE 98: Magnesium Market in the Middle East: Summarization of Historic Demand Patterns in Metric Tons by Application for 2012-2019
TABLE 99: The Middle East Magnesium Market Share Analysis by Application: 2012 VS 2020 VS 2027

IRAN

TABLE 100: Iranian Demand Estimates and Forecasts for Magnesium in Metric Tons by Application: 2020 to 2027
TABLE 101: Iranian Magnesium Market in Metric Tons by Application: 2012-2019
TABLE 102: Magnesium Market Share Shift in Iran by Application: 2012 VS 2020 VS 2027

ISRAEL

TABLE 103: Israeli Magnesium Addressable Market Opportunity in Metric Tons by Application: 2020-2027
TABLE 104: Magnesium Market in Israel: Summarization of Historic Demand in Metric Tons by Application for the Period 2012-2019
TABLE 105: Israeli Magnesium Market Share Analysis by Application: 2012 VS 2020 VS 2027

SAUDI ARABIA

TABLE 106: Saudi Arabian Demand for Magnesium in Metric Tons by Application: 2020 to 2027
TABLE 107: Magnesium Market Review in Saudi Arabia in Metric Tons by Application: 2012-2019
TABLE 108: Saudi Arabian Magnesium Market Share Breakdown by Application: 2012 VS 2020 VS 2027

UNITED ARAB EMIRATES

TABLE 109: Magnesium Market in the United Arab Emirates: Recent Past, Current and Future Analysis in Metric Tons by Application for the Period 2020-2027
TABLE 110: United Arab Emirates Magnesium Historic Market Analysis in Metric Tons by Application: 2012-2019
TABLE 111: Magnesium Market Share Distribution in United Arab Emirates by Application: 2012 VS 2020 VS 2027

REST OF MIDDLE EAST

TABLE 112: Magnesium Market in Rest of Middle East: Annual Sales Estimates and Forecasts in Metric Tons by Application for the Period 2020-2027
TABLE 113: Rest of Middle East Magnesium Market in Retrospect in Metric Tons by Application: 2012-2019
TABLE 114: Magnesium Market Share Distribution in Rest of Middle East by Application: 2012 VS 2020 VS 2027

AFRICA

TABLE 115: African Magnesium Latent Demand Forecasts in Metric Tons by Application: 2020 to 2027
TABLE 116: Magnesium Historic Demand Patterns in Africa by Application in Metric Tons for 2012-2019
TABLE 117: Magnesium Market Share Breakdown in Africa by Application: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 80

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Albemarle Corporation
  • Aremco Products, Inc.
  • Belmont Metals, Inc.
  • Dead Sea Magnesium Ltd.
  • Lehmann & Voss
  • Posco Co.
  • MORE
World market for Magnesium Metal is forecast to maintain a CAGR of over 4.79% over the years 2001-2010 and reach in excess of 442 thousand metric tons by the end of the decade. The growth is likely to be fueled by die-casting applications in the automotive sector. Castings is the largest end-use category with estimated share of 50.85% in 2007, followed by Aluminum Alloys.

Increasing usage of magnesium in the automotive industry, as a low-cost and low-weight alternative, is the driving factor for the growth of Class 1 recycled magnesium. Magnesium offers several attractive features to automakers, in terms of reduced weight, strength, durability, thermal stability, and environment friendliness. The material has 35% lower weight than aluminum, making it well suited for use in multi-utility vehicles, cars, and small trucks. Additionally, magnesium enables easy parts consolidation using die-casting, offering an effective substitute to steel.

The use of magnesium casing for handsets is likely to witness rapid growth in next few years due to increasing demand for lightweight, strong, and compact mobile phones worldwide. Magnesium being light in weight, durable, and thermally stable, offers handset makers an ideal material for imparting high strength and aesthetic appeal in their products. Magnesium casing also offers intrinsic EMI/RFI shielding, eliminating additional costs of shielding handsets separately.

Magnesium casing is all set to increase its reach in the notebook (NB) PC market at the cost of plastic, driven by a host of innovative features, including light-weight, compactness, durability, greater tensile strength, and higher elasticity. The environment friendliness of magnesium enables it to comply with various recycling standards implemented by Japan and the EU, making the material most sought after commodity in the notebook PC market world over.

World magnesium production is estimated at about 600,000 tons per annum, while demand estimates stand at 400,000 tons per annum. As a result, several companies are either shutting their production facilities or quitting the business in response to growing competition and rising low cost imports from Asia, particularly China. Norsk Hydro, for instance, closed its Becancour, Quebec magnesium plant with a production capacity of over 48,000 metric tons in the year 2006. However, despite several plant closures, the supply of primary magnesium continues to rise in the global markets owing to significant global production capacity for magnesium.

Major companies covered include Advanced Magnesium Limited, Avisma, Israel Chemicals Ltd, Lunt Manufacturing Co., Luxfer Group, Magnesium Elektron North America Inc., Magnesium International Ltd., Meridian Technologies Inc., Nippon Kinzoku Co., Ltd, Norsk Hydro A/S, Hydro Magnesium SA, and Solikamsk Magnesium Works.

© Global Industry Analysts, Inc., USA.
Note: Product cover images may vary from those shown
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  • Albemarle Corporation
  • Aremco Products, Inc.
  • Belmont Metals, Inc.
  • Companhia Siderurgica Nacional Sa
  • Israel Chemicals Ltd. (Icl)
  • Lehmann & Voss
  • Pq Corporation
  • Tokuyama Corporation
  • Dead Sea Magnesium Ltd.
  • Posco Co.
Note: Product cover images may vary from those shown
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