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.
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:
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:
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
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:
Types
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.
Applications
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:
- Alcoa
- Chalco
- Yinhai Aluminum
- Yunnan Aluminum
- China Hongqiao
- Rusal
- Rio Tinto
- Nanshan Light Alloy
- Ahresty
- Wanji
- Handtmann
- Kumz
- MCI
Highlights of The Aluminum-Magnesium Alloys Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rod
- Plate
- Others
- By Application:
- Automobile Industry
- Electronics Industry
- Rail Transit
- Machinery and Equipment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- 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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Chalco
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Yinhai Aluminum
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Yunnan Aluminum
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. China Hongqiao
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Rusal
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rio Tinto
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nanshan Light Alloy
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ahresty
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Wanji
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Handtmann
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Kumz
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. MCI
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
