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Magnesium Alloys - Global Market Trajectory & Analytics

  • ID: 4806165
  • Report
  • April 2021
  • Region: Global
  • 284 pages
  • Global Industry Analysts, Inc
Global Magnesium Alloys Market to Reach $3 Billion by 2027

Amid the COVID-19 crisis, the global market for Magnesium Alloys estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at a CAGR of 11.4% over the period 2020-2027. Cast Alloys, one of the segments analyzed in the report, is projected to record 11.6% CAGR and reach US$2 Billion 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 Wrought Alloys segment is readjusted to a revised 10.9% CAGR for the next 7-year period.



The U.S. Market is Estimated at $385.3 Million, While China is Forecast to Grow at 15.1% CAGR

The Magnesium Alloys market in the U.S. is estimated at US$385.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$659.4 Million by the year 2027 trailing a CAGR of 15% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 9.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.9% CAGR.

Select Competitors (Total 44 Featured):
  • Dead sea Magnesium Ltd.
  • Dynacast International, Inc.
  • Ka Shui International Holdings Ltd.
  • Magnesium Elektron Ltd.
  • MAGONTEC Limited
  • Meridian Lightweight Technologies Inc.
  • Nanjing Yunhai Special Metals Co. Ltd.
  • POSCO
  • Rima Group
  • Smiths Advanced Metals
  • Spartan Light Metal Products
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Surge in Production of Light Weight Components and Advantages of Magnesium Alloys over Other Alloys Drives Demand
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Increasing Preference for Light-Weight Components from Aerospace & Defense Sector Drives Huge Demand for Magnesium Alloys
  • Growing Use of Magnesium Alloys in Automotive Industry to Enhance Fuel Efficiency and Control Emissions Bode Well for the Magnesium Alloys Market
  • Exhibit 1: Global Production of Passenger Cars in Million Units for the Years 2010, 2014, 2018 and 2022
  • Exhibit 2: Global Production of Light Vehicles: Breakdown of Number of Units by Region for the Years 2018, 2020, 2022 and 2024
  • Growing Market for Electric Vehicles and Passenger Cars Supports the Demand for Nanostructured Mg Alloys
  • Exhibit 3: Production of Electric Vehicles Worldwide: Breakdown of Number of Units in Million for the Years 2018, 2020, 2025 and 2030
  • Increasing Demand for Biodegradable Metals in Medical Sector Propels Demand for Mg Alloys
  • Development of New Processes Such as Thixomolding and New Rheocasting Support Growth of Mg Alloys
  • Emerging Applications of Mg Alloys in Electronics Market Boosts Demand
  • Innovations and Advancements
  • Allite Introduces Super Magnesium Alloy for Humble Bicyle
  • Xiaomi Launches Smart Suitcase With Aluminium-Magnesium Alloy Body
  • Xiaomi Releases a Notebook With Magnesium-Lithium Chassis
  • LG to Use Magnesium Alloy Sheets of POSCO in its Ultra-Light Gram
  • Samsung Uses Metal 12 Magnesium Alloy in Phones and Watches
  • Acer Launches TravelMate P6 Series Notebook Made Using Magnesium-Aluminium Alloy Chassis
  • Product Overview
  • Introduction to Magnesium Alloys
  • Types of Magnesium Alloys
  • Cast Alloys
  • Wrought Alloys
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown
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