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Magnesium Alloys Market Size, Share & Analysis, By Alloy Type (Cast Alloys, Wrought Alloys), By End-Use Industry (Automotive & Transportation, Electronics, Aerospace & Defense, Power Tools) And By Region, Forecast To 2028

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    Report

  • 265 Pages
  • April 2021
  • Region: Global
  • Reports and Data
  • ID: 5313914

FEATURED COMPANIES

  • Elektron (UK)
  • Magontec (Australia)
  • Rima Group (Brazil)
  • US Magnesium
Rapidly growing adoption of electric vehicles and increasing support initiatives by government of various countries are key factors driving market revenue growth.

Market Size - USD 3,969.0 Million in 2020, Market Growth - CAGR of 11.8%, Market Trends - Advent and implementation of innovative process such as new rheo-casting and thixo-molding.

The global magnesium alloys market size is expected to reach USD 4,254.9 Million in 2028, and register a CAGR of 11.8% during the forecast period. Growing awareness regarding advantages of using magnesium alloys over other alloys, increasing consumption of the product in various applications including artificial-organ implants, and increasing adoption of magnesium alloys in various industries such as aerospace, defense and healthcare are some of the major factors expected to drive market growth to a significant extent.

Increasing demand for magnesium alloys for producing jet-engine-fan frames, spacecraft, transmission castings, etc., clubbed with increasing investments by various countries in the defense sector across the globe, and increasing need for technologically-advanced lightweight commercial aircrafts are other major factors expected to drive growth of the global magnesium alloys market. However, fluctuating costs of magnesium and challenges related to welding and corrosion of magnesium alloys are factors that could hamper market growth to a certain extent.

Some Key Findings From the Report:
  • Among the alloy type segments, the cast alloy segment accounted for major share in terms of revenue in 2020, due to increasing demand for the product in the automotive & transportation industry, as well as for making industrial equipment.
  • The wrought alloys segment accounted for the second-largest revenue share in the global magnesium alloys market in 2020, due to its high adoption of wrought alloys for application in industries such as electronics, aerospace, and defense.
  • Among the end-use segments, the aerospace & defense accounted for significantly high share in terms of revenue in 2020, due to rising need and demand for high-performing and low-weight materials for producing aircrafts.
  • The Asia Pacific magnesium alloys market accounted for major share in terms of revenue in 2020, due to rapid growth of end use sectors including automotive, aerospace and electronics, and increasing consumption of magnesium alloys for applications in industries.
  • The North America magnesium alloys market accounted for the second largest revenue share in 2020, due to developed automotive and aerospace industries, and focus of manufacturers along with government support for production of technologically-advanced lightweight aircraft and spacecraft.
  • The Europe magnesium alloys market is expected to register substantially high revenue CAGR during the forecast period, owing to increasing sales of electric vehicles (EVs), high inclination towards purchasing innovative and advanced automobiles as well as electronic products, and constantly increasing investments in the defense sector by government and companies for manufacturing high-tech aircrafts.
  • Companies profiled in the market report include Elektron, Nanjing Yunhai Special Metals Co. Ltd., Ka Shui International Holdings Ltd., US Magnesium, Meridian Lightweight Technologies, Magontec, Shanghai Regal Magnesium Ltd. Co., Rima Group, Smiths Advanced Metals, Shanxi Fugu Tianyu Mineral Industry. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.

For the purpose of this report, the global magnesium alloys market has been segmented o the basis of alloy type, end-use industry, and region:

Alloy Type Outlook
  • Cast Alloys
  • Wrought Alloys
  • Others

End-Use Industry Outlook
  • Automotive & Transportation
  • Electronics
  • Aerospace & Defense
  • Power Tools
  • Others

Region Outlook
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Benelux
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Rest of Latin America
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East & Africa

Reasons to Buy the Report
  • A robust analysis and estimation of the Magnesium Alloys Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
  • A holistic competitive landscape of the all the major players in Magnesium Alloys Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
  • Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
  • Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
  • Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization

FEATURED COMPANIES

  • Elektron (UK)
  • Magontec (Australia)
  • Rima Group (Brazil)
  • US Magnesium

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020 - 2028
Chapter 3. Indicative Metrics
3.1. Acquisitions and mergers
3.2. New product launch
3.3. Innovations in magnesium alloys properties
3.4. Government rules and regulations regarding use of magnesium
Chapter 4. Magnesium Alloys Segmentation & Impact Analysis
4.1. Magnesium Alloys Segmentation Analysis
4.2. Magnesium Alloys Market Value Chain Analysis, 2018 - 2028
4.3. Regulatory framework
4.4. Magnesium Alloys Market Impact Analysis
4.4.1. Market driver analysis
4.4.1.1. High demand for smartphones and laptops
4.4.1.2. Increase in applicability in various sectors
4.4.2. Market restraint analysis
4.4.2.1. Risk of corrosion
4.4.2.2. Uncertainty of magnesium price
4.5. Key opportunities prioritized
4.6. Magnesium Alloys Pricing Analysis
4.7. Industry analysis - Porter's
4.8. Magnesium Alloys PESTEL Analysis
Chapter 5. Magnesium Alloys Market By Alloy Type Insights & Trends
5.1. Magnesium Alloys Type dynamics & Market Share, 2021 & 2028
5.2. Cast Alloys
5.2.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Kilo Tons)
5.2.2. Market estimates and forecast, by region, 2018 - 2028 (USD Million) (Kilo Tons)
5.3. Wrought
5.3.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Kilo Tons)
5.3.2. Market estimates and forecast, by region, 2018 - 2028 (USD Million) (Kilo Tons)
5.4. Others
5.4.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Kilo Tons)
5.4.2. Market estimates and forecast, by region, 2018 - 2028 (USD Million) (Kilo Tons)
Chapter 6. Magnesium Alloys Market By End use Industry Insights & Trends
6.1. Magnesium Alloys End use industry dynamics & Market Share, 2021 & 2028
6.2. Automotive and Transportation
6.2.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Kilo Tons)
6.2.2. Market estimates and forecast, by region, 2018 - 2028 (USD Million) (Kilo Tons)
6.3. Electronics
6.3.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Kilo Tons)
6.3.2. Market estimates and forecast, by region, 2018 - 2028 (USD Million) (Kilo Tons)
6.4. Aerospace and Defense
6.4.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Kilo Tons)
6.4.2. Market estimates and forecast, by region, 2018 - 2028 (USD Million) (Kilo Tons)
6.5. Power Tools
6.5.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Kilo Tons)
6.5.2. Market estimates and forecast, by region, 2018 - 2028 (USD Million) (Kilo Tons)
6.6. Others
6.6.1. Market estimates and forecast, 2018 - 2028 (USD Million) (Kilo Tons)
6.6.2. Market estimates and forecast, by region, 2018 - 2028 (USD Million) (Kilo Tons)
Chapter 7. Magnesium Alloys Market Regional Outlook
7.1. Magnesium Alloys Market share by region, 2021 & 2028
7.2. North America
7.2.1. North America Magnesium Alloys Market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.2.2. North America Magnesium Alloys Market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.2.3. North America Magnesium Alloys Market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.2.4. U.S.
7.2.4.1. U.S. Magnesium Alloys Market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.2.4.2. U.S. Magnesium Alloys Market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.2.4.3. U.S. Magnesium Alloys Market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.2.5. Canada
7.2.5.1. Canada Magnesium Alloys Market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.2.5.2. Canada Magnesium Alloys Market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.2.5.3. Canada Magnesium Alloys Market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.3. Europe
7.3.1. Europe Magnesium Alloys Market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.2. Europe Magnesium Alloys Market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.3. Europe Magnesium Alloys Market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.4. Germany
7.3.4.1. Germany Magnesium Alloys Market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.4.2. Germany Magnesium Alloys Market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.4.3. Germany Magnesium Alloys market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.5. France
7.3.5.1. France Magnesium Alloys Market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.5.2. France Magnesium Alloys Market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.5.3. France Magnesium Alloys market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.6. U.K.
7.3.6.1. U.K Magnesium Alloys market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.6.2. U.K Magnesium Alloys market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.6.3. U.K. Magnesium Alloys market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.7. Spain
7.3.7.1. Spain Magnesium Alloys market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.7.2. Spain Magnesium Alloys market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.7.3. Spain Magnesium Alloys market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.8. Italy
7.3.8.1. Italy Magnesium Alloys Market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.8.2. Italy Magnesium Alloys Market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.8.3. Italy Magnesium Alloys market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.9. Rest of Europe
7.3.9.1. Rest of Europe Magnesium Alloys market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.9.2. Rest of Europe Magnesium Alloys market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.3.9.3. Rest of Europe Magnesium Alloys market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.4. Asia Pacific
7.4.1. Asia Pacific Magnesium Alloys market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.4.2. Asia Pacific Magnesium Alloys market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.4.3. Asia Pacific Magnesium Alloys market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.4.4. China
7.4.4.1. China Magnesium Alloys market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.4.4.2. China Magnesium Alloys market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.4.4.3. China Magnesium Alloys market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.4.5. Japan
7.4.5.1. Japan Magnesium Alloys market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.4.5.2. Japan Magnesium Alloys market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.4.5.3. Japan Magnesium Alloys market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.4.6. India
7.4.6.1. India Magnesium Alloys market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.4.6.2. India Magnesium Alloys market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.4.6.3. India Magnesium Alloys market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.4.7. Rest of Asia Pacific
7.4.7.1. Rest of Asia Pacific Magnesium Alloys market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.4.7.2. Rest of Asia Pacific Magnesium Alloys market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.4.7.3. Rest of Asia Pacific Magnesium Alloys market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.5. Middle East & Africa
7.5.1. Middle East and Africa Magnesium Alloys market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.5.2. Middle East and Africa Magnesium Alloys market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.5.3. Middle East and Africa Magnesium Alloys market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.6. Latin America
7.6.1. Latin America Magnesium Alloys market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.6.2. Latin America Magnesium Alloys market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.6.3. Latin America Magnesium Alloys market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
7.6.4. Brazil
7.6.4.1. Brazil Magnesium Alloys market estimates and forecast, 2018 - 2028, (USD Million) (Kilo Tons)
7.6.4.2. Brazil Magnesium Alloys market estimates and forecast by Alloy Type, 2018 - 2028, (USD Million) (Kilo Tons)
7.6.4.3. Brazil Magnesium Alloys market estimates and forecast by End use industry, 2018 - 2028, (USD Million) (Kilo Tons)
Chapter 8. Competitive Landscape
8.1. Market Revenue Share by Manufacturers
8.2. Manufacturing Cost Breakdown Analysis
8.3. Mergers & Acquisitions
8.4. Strategy Benchmarking
8.5. Vendor Landscape
Chapter 9. Company Profiles
9.1. Magnesium Elektron
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Length Benchmarking
9.1.4. Strategic Initiatives
9.2. Nanjing Yunhai Special Metals Co. Ltd.
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Length Benchmarking
9.2.4. Strategic Initiatives
9.3. Ka Shui International Holdings Ltd.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Length Benchmarking
9.3.4. Strategic Initiatives
9.4. US Magnesium
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Length Benchmarking
9.4.4. Strategic Initiatives
9.5. Meridian Lightweight Technologies
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Length Benchmarking
9.5.4. Strategic Initiatives
9.6. Magontec
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Length Benchmarking
9.6.4. Strategic Initiatives
9.7. Shanghai Regal Magnesium Ltd. Co.
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Length Benchmarking
9.7.4. Strategic Initiatives
9.8. Rima Group
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Length Benchmarking
9.8.4. Strategic Initiatives
9.9. Smiths Advanced Metals
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Length Benchmarking
9.9.4. Strategic Initiatives
9.10. Shanxi Fugu Tianyu Mineral Industry
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Length Benchmarking
9.10.4. Strategic Initiatives
  • Elektron (UK)
  • Nanjing Yunhai Special Metals Co. Ltd. (China)
  • Ka Shui International Holdings Ltd. (China)
  • US Magnesium
  • Meridian Lightweight Technologies (US)
  • Magontec (Australia)
  • Shanghai Regal Magnesium Ltd. Co. (China)
  • Rima Group (Brazil)
  • Smiths Advanced Metals (UK)
  • Shanxi Fugu Tianyu Mineral Industry (China)