Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Aluminum-Magnesium Alloys Market by Type (Rod, Plate, Others), By Application (Automobile Industry, Electronics Industry, Rail Transit, Machinery and Equipment, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Aluminum-Magnesium Alloys Market by Type (Rod, Plate, Others), By Application (Automobile Industry, Electronics Industry, Rail Transit, Machinery and Equipment, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 133969 3300 Chemical & Material 377 235 Pages 4.6 (39)

Market Overview:

The global aluminum-magnesium alloys market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and high-strength materials in various end-use industries, such as automotive, electronics, rail transit, and machinery & equipment. In terms of volume, the rod segment is projected to grow at a higher CAGR than other segments during the forecast period. This can be attributed to its growing use in various end-use industries for manufacturing lightweight components with high strength properties. Asia Pacific is expected to lead the global aluminum-magnesium alloys market during the forecast period owing to rising demand from countries such as China and India.

Global Aluminum-Magnesium Alloys Industry Outlook

Product Definition:

A type of alloy that contains aluminum and magnesium. These alloys are important because they are lightweight and have a high strength-to-weight ratio.


Rod is a solid form of material, which is used in the manufacturing of aluminum- magnesium alloys. It has several properties such as ductility, malleability and high strength. The most important property that makes rod useful for aluminum- magnesium alloy production is its ability to control grain size during processing.

Aluminum and magnesium are among the lightest materials; however, they have different melting points which creates difficulty while mixing them together so as to get an homogenous mixture.


Plate is a thin, flat piece of metal that is used to spread the stress or load over a larger area. It can be made from any metal but aluminum and magnesium are most commonly used due to their low weight and high strength. The plate can be attached to another object with bolts, screws or welding irons depending on the application.

The plates are widely utilized in industries such as construction, automotive & transportation, marine.

Application Insights:

Automotive application segment accounted for the largest volume share of over 40% in 2017. The use of aluminum- magnesium alloys in automobiles is expected to witness growth on account of their lightweight properties, which reduces the overall vehicle weight and increases fuel efficiency. In addition, these alloys also provide excellent corrosion resistance which helps maintain the aesthetic appeal and finish of a vehicle exterior for longer periods.

The aerospace industry primarily utilizes aluminum- magnesium alloys for manufacturing airframes, engine components as well as landing gear systems among others. Increasing aircraft production rates coupled with rising passenger traffic are anticipated to propel demand over the forecast period thereby benefitting market growth across regions globally.

Electronics industry is projected to grow at a CAGR exceeding 7% from 2018 to 2030 owing to increasing product utilization in electronic devices such as mobile phones among other consumer electronics products that have high durability requirements compared with steel or plastic counterparts.

Regional Analysis:

Asia Pacific aluminum-magnesium alloys market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to increasing demand for lightweight vehicles and growing automotive industry in India, China, and Japan. In addition, rising investments in infrastructure development coupled with increasing production of construction equipment are likely to drive product demand over the forecast period.

Europe accounted for a volume share of 23.1% in 2017 on account of high automotive production coupled with extensive use in aerospace manufacturing due to its light weight characteristics as compared to other metals used commonly across aerospace applications such as steel or titanium making it ideal for reducing fuel consumption by reducing weight while maintaining strength.

North America aluminum- magnesium alloys market is anticipated witness sluggish growth on account of declining vehicle sales especially passenger cars which were affected adversely by hurricanes Harvey.

Growth Factors:

  • Growing demand from transportation and construction industries
  • Increasing use in lightweight vehicles and aircrafts
  • Rising popularity of aluminum-magnesium alloys in automotive sector
  • Growing research and development activities for improving the properties of alloys
  • Technological advancements for producing high-quality alloys

Scope Of The Report

Report Attributes

Report Details

Report Title

Aluminum-Magnesium Alloys Market Research Report

By Type

Rod, Plate, Others

By Application

Automobile Industry, Electronics Industry, Rail Transit, Machinery and Equipment, Others

By Companies

Alcoa, Chalco, Yinhai Aluminum, Yunnan Aluminum, China Hongqiao, Rusal, Rio Tinto, Nanshan Light Alloy, Ahresty, Wanji, Handtmann, Kumz, MCI

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Aluminum-Magnesium Alloys Market Report Segments:

The global Aluminum-Magnesium Alloys market is segmented on the basis of:


Rod, Plate, Others

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Automobile Industry, Electronics Industry, Rail Transit, Machinery and Equipment, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Alcoa
  2. Chalco
  3. Yinhai Aluminum
  4. Yunnan Aluminum
  5. China Hongqiao
  6. Rusal
  7. Rio Tinto
  8. Nanshan Light Alloy
  9. Ahresty
  10. Wanji
  11. Handtmann
  12. Kumz
  13. MCI

Global Aluminum-Magnesium Alloys Market Overview

Highlights of The Aluminum-Magnesium Alloys Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Rod
    2. Plate
    3. Others
  1. By Application:

    1. Automobile Industry
    2. Electronics Industry
    3. Rail Transit
    4. Machinery and Equipment
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Aluminum-Magnesium Alloys Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Aluminum-Magnesium Alloys Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Aluminum-magnesium alloys are a type of alloy that is made up of aluminum and magnesium. This type of alloy is often used in aircraft because it is strong and lightweight.

Some of the major companies in the aluminum-magnesium alloys market are Alcoa, Chalco, Yinhai Aluminum, Yunnan Aluminum, China Hongqiao, Rusal, Rio Tinto, Nanshan Light Alloy, Ahresty, Wanji, Handtmann, Kumz, MCI.

The aluminum-magnesium alloys market is expected to register a CAGR of 5.8%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Aluminum-Magnesium Alloys Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Aluminum-Magnesium Alloys Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Aluminum-Magnesium Alloys Market - Supply Chain
   4.5. Global Aluminum-Magnesium Alloys Market Forecast
      4.5.1. Aluminum-Magnesium Alloys Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Aluminum-Magnesium Alloys Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Aluminum-Magnesium Alloys Market Absolute $ Opportunity

5. Global Aluminum-Magnesium Alloys Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Aluminum-Magnesium Alloys Market Size and Volume Forecast by Type
      5.3.1. Rod
      5.3.2. Plate
      5.3.3. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Aluminum-Magnesium Alloys Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Aluminum-Magnesium Alloys Market Size and Volume Forecast by Application
      6.3.1. Automobile Industry
      6.3.2. Electronics Industry
      6.3.3. Rail Transit
      6.3.4. Machinery and Equipment
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Aluminum-Magnesium Alloys Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Aluminum-Magnesium Alloys Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Aluminum-Magnesium Alloys Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Aluminum-Magnesium Alloys Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Aluminum-Magnesium Alloys Demand Share Forecast, 2019-2029

9. North America Aluminum-Magnesium Alloys Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Aluminum-Magnesium Alloys Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Aluminum-Magnesium Alloys Market Size and Volume Forecast by Application
      9.4.1. Automobile Industry
      9.4.2. Electronics Industry
      9.4.3. Rail Transit
      9.4.4. Machinery and Equipment
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Aluminum-Magnesium Alloys Market Size and Volume Forecast by Type
      9.7.1. Rod
      9.7.2. Plate
      9.7.3. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Aluminum-Magnesium Alloys Demand Share Forecast, 2019-2029

10. Latin America Aluminum-Magnesium Alloys Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Aluminum-Magnesium Alloys Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Aluminum-Magnesium Alloys Market Size and Volume Forecast by Application
      10.4.1. Automobile Industry
      10.4.2. Electronics Industry
      10.4.3. Rail Transit
      10.4.4. Machinery and Equipment
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Aluminum-Magnesium Alloys Market Size and Volume Forecast by Type
      10.7.1. Rod
      10.7.2. Plate
      10.7.3. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Aluminum-Magnesium Alloys Demand Share Forecast, 2019-2029

11. Europe Aluminum-Magnesium Alloys Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Aluminum-Magnesium Alloys Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Aluminum-Magnesium Alloys Market Size and Volume Forecast by Application
      11.4.1. Automobile Industry
      11.4.2. Electronics Industry
      11.4.3. Rail Transit
      11.4.4. Machinery and Equipment
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Aluminum-Magnesium Alloys Market Size and Volume Forecast by Type
      11.7.1. Rod
      11.7.2. Plate
      11.7.3. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Aluminum-Magnesium Alloys Demand Share, 2019-2029

12. Asia Pacific Aluminum-Magnesium Alloys Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Aluminum-Magnesium Alloys Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Aluminum-Magnesium Alloys Market Size and Volume Forecast by Application
      12.4.1. Automobile Industry
      12.4.2. Electronics Industry
      12.4.3. Rail Transit
      12.4.4. Machinery and Equipment
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Aluminum-Magnesium Alloys Market Size and Volume Forecast by Type
      12.7.1. Rod
      12.7.2. Plate
      12.7.3. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Aluminum-Magnesium Alloys Demand Share, 2019-2029

13. Middle East & Africa Aluminum-Magnesium Alloys Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Aluminum-Magnesium Alloys Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Aluminum-Magnesium Alloys Market Size and Volume Forecast by Application
      13.4.1. Automobile Industry
      13.4.2. Electronics Industry
      13.4.3. Rail Transit
      13.4.4. Machinery and Equipment
      13.4.5. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Aluminum-Magnesium Alloys Market Size and Volume Forecast by Type
      13.7.1. Rod
      13.7.2. Plate
      13.7.3. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Aluminum-Magnesium Alloys Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Aluminum-Magnesium Alloys Market: Market Share Analysis
   14.2. Aluminum-Magnesium Alloys Distributors and Customers
   14.3. Aluminum-Magnesium Alloys Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Alcoa Overview Financials Developments Strategic Outlook
      14.4.2. Chalco Overview Financials Developments Strategic Outlook
      14.4.3. Yinhai Aluminum Overview Financials Developments Strategic Outlook
      14.4.4. Yunnan Aluminum Overview Financials Developments Strategic Outlook
      14.4.5. China Hongqiao Overview Financials Developments Strategic Outlook
      14.4.6. Rusal Overview Financials Developments Strategic Outlook
      14.4.7. Rio Tinto Overview Financials Developments Strategic Outlook
      14.4.8. Nanshan Light Alloy Overview Financials Developments Strategic Outlook
      14.4.9. Ahresty Overview Financials Developments Strategic Outlook
      14.4.10. Wanji Overview Financials Developments Strategic Outlook
      14.4.11. Handtmann Overview Financials Developments Strategic Outlook
      14.4.12. Kumz Overview Financials Developments Strategic Outlook
      14.4.13. MCI Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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