Magnesium Alloys Market – 2021 Global Size, Leading Players, Analysis, Sales Revenue and Forecast 2027

 Magnesium Alloys Market was valued at US$ 1.4 Bn. in 2020. Global Magnesium Alloys Market size is estimated to grow at a CAGR of 12.25 %. The Magnesium Alloys Market is expected to reach 1.6 million metric tons by 2027.

Magnesium Alloys Market Overview: 

Magnesium alloys are mixture of magnesium and other metals like aluminium, zinc, silicon, and copper. It has low density, good mechanical properties, and excellent castability and processability. It is an ideal material for manufacturers for all types of vehicles for the road, rail, aviation, and space. Magnesium alloys have high demand because of their high strength-to-weight ratios, exceptional machinability and low cost. It has low specific gravity and modulus over other common alloys. Additionally, magnesium alloys are used in the orthopedic medical industry, primarily because of its attractive properties as bone implant materials.

Maximize Market Research's Magnesium Alloys Market Report offers readers an evaluation of the worldwide market landscape via the use of a thorough viewpoint. This report on the Magnesium Alloys Market examines the situation from 2021 to 2027, with 2020 serving as the base year and 2016 to 2019 covering historical data. With the support of a plethora of information contained in the study, this report helps readers to make critical business decisions.

Magnesium Alloys Market Scope:

This report on the Magnesium Alloys market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. The country-wise model mapping of Magnesium Alloys using internal and external proprietary information, as well as pertinent patent and regulatory databases, determine market volume. The competitive scenario of the Magnesium Alloys market is supported by an assessment of the different factors that influence the market on a minute and granular level. Researchers in the Magnesium Alloys industry arrive at forecasts and projections and compute the market prognosis by extensively examining historical data, current trends, and announcements by major companies.

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Magnesium Alloys Market Segmentation: 

Based on the Application, magnesium alloys market is segmented into automotive & transportation, electronics, aerospace & defense, power tools and others. The Automotive & Transportation is expected to contribute more than 35% share in the global market by 2027. Magnesium alloy is used in a wide variety of automobile applications including body, chassis, and interior components. Some of the examples include instrument panels, steering wheels, engine cradles, seats, transfer cases. In the automotive market, alloys used are AZ, AM, AE, and AS series, which are high pressure die cast to take benefits of magnesium’s excellent die castability. Magnesium alloys are used to support brackets for brakes and clutch, housing for transmission. automotive industry has used a wide range of magnesium components on vehicles like in pistons, oil pumps, mounts, brackets and housings. The demand for electrical vehicle in the near future is expected to drive the demand for magnesium alloys.

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Magnesium Alloys Market Key Players:

• Magnesium Elektron
• Ka Shui International Holdings Ltd.
• Magontec
• U.S. Magnesium LLC
• Nanjing Yunhai Special Metals Co. Ltd.
• Meridian Lightweight Technologies
• Advanced Magnesium Alloys Corporation (AMACOR)
• Shanghai Regal Magnesium Limited Company
• Shanxi Yinguang Huasheng Magnesium Co. Ltd.
• Shanxi Credit Magnesium Co. Ltd.
• Dynacast
• Shanxi Fugu Tianyu Mineral Industry
• Posco
• China Magnesium Corporation Limited
• Dead Sea Magnesium
• Spartan Light Metal Products
• Smiths Advanced Metals
• Rima Group
• Yee Dongguan Science and Technology Co. Ltd.
• Taiyuan Tongxiang Magnesium Co. Ltd.

Depending on the client's subscription period, this report provides market monitoring for a specific area of the client's interest and provides up-to-date information on strategic initiatives such as mergers, acquisitions, partnerships, expansions, and product launches for leading companies on a regional scale for various industries or markets. Our data is regularly updated and amended by a team of research specialists to reflect the most recent trends and facts. We have extensive expertise in research and consulting for many business fields to meet the needs of both individual and corporate clients. Our skilled staff makes use of proprietary data sources as well as a variety of other methods. The key players in the Magnesium Alloys industry …

Magnesium Alloys Market Regional Analysis:

North America (the United States, Canada, and Mexico), Europe (Germany, France, the United Kingdom, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), the Middle East, and Africa have all been researched (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). The research provides regional competitive situations. These insights assist market participants in improving tactics and creating new chances to achieve extraordinary results.

COVID-19 Impact Analysis on Magnesium Alloys Market:

The Global Magnesium Alloys Market Research Report provides an overview of the industry based on important factors such as market size, sales, sales analysis, and key drivers. During the projected period, the market is predicted to increase significantly (2021-2027). This report also includes the most recent market impacts of COVID-19. The pandemic's spread has had a wide-ranging impact on people's lives all around the world. As a result, markets have been compelled to embrace new norms, trends, and strategies. Essentially, the study report attempts to give a picture of the market's initial and future estimates.

Key Questions Answered in the Magnesium Alloys Market Report are: 

 

• What are the new competitive developments in the Magnesium Alloys market?

 

• What is the market size, share of Magnesium Alloys ?

 

• How can I get sample reports/company profiles of the Magnesium Alloys market?

 

•  Who are the potential customers of the Magnesium Alloys market?

 

•  Which are the leading players in the Magnesium Alloys market?

 

•  How can I get company profiles on the top ten players of the Magnesium Alloys market?

 

•  Which region is and will provide more business opportunities for Magnesium Alloys in the future?

 

•  Who are the service providers of the Magnesium Alloys industry?

 

• What are the key growth strategies of Magnesium Alloys industry players?

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