Market Overview:
The global aluminum-magnesium alloys plate market is expected to grow at a CAGR of 5.5% 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 type, the 5000 series segment is expected to lead the global aluminum-magnesium alloys plate market during the forecast period. This can be attributed to its superior properties such as high strength-to-weight ratio and corrosion resistance.
Product Definition:
Aluminum-magnesium alloys are a type of alloy that is composed of aluminum and magnesium. This type of alloy has a variety of benefits, including high strength-to-weight ratios, good corrosion resistance, and high toughness. It is commonly used in the automotive and aerospace industries.
5000 Series:
Aluminum- magnesium alloys plate is a new generation material, which has the potential to replace aluminum and steel in almost every application. 5000 series aluminum- magnesium alloy plates have been developed by G-Mag Inc. for use in high pressure die casting processes. These plates are specifically designed to withstand extremely high temperatures and pressures along with exhibiting superior properties such as low density, excellent form stability, good surface finish and strong corrosion resistance at both room temperature & elevated temperatures.
Others:
Others is the second most important element after aluminum in terms of usage in aluminum-magnesium alloys plate market. It acts as a barrier to oxygen and water, strengthens the alloy, improves its mechanical properties and helps to increase strength. It also helps to control shrinkage during solidification and aids in controlling stress corrosion cracking.
It can be considered as an alternative for magnesium or even aluminum since it has almost similar properties but is much easier to deal with than both of them.
Application Insights:
Automotive application segment accounted for the largest volume share of over 40% in 2017. The use of aluminum- magnesium alloys plates in automotive industry is increasing owing to their lightweight properties and high strength-to-weight ratio. In addition, they also have excellent corrosion resistance which is a major advantage over other materials used for manufacturing automobiles.
The aerospace application segment is expected to expand at the fastest CAGR of XX% from 2018 to 2030 on account of its superior performance characteristics including high strength, low weight and good corrosion resistance as compared to other materials such as steel and titanium alloys. These plates are mainly used in aircraft structures, engine components along with fasteners & nuts that are required by stringent aviation regulations regarding safety & security at a domestic level coupled with international standards set by organizations like IATA (International Air Transport Association) regarding operational efficiency etc., will drive the market growth over the forecast period significantly.
Regional Analysis:
Asia Pacific aluminum-magnesium alloys plate market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to increasing demand for lightweight vehicles and infrastructure development in emerging economies such as India, China, and Indonesia. In addition, rising automotive production in these countries coupled with growing passenger and freight transportation is anticipated to augment industry growth over the forecast period.
The rail transit application segment dominated North America aluminum-magnesium alloys plate market accounting for more than 50% of revenue share in 2016 on account of high investments made by governments towards expanding rapid transit systems across U.S., Mexico City, Los Angeles among other cities are likely to boost industry expansion over the coming years.
Growth Factors:
- Increasing demand from transportation and construction industries
- Growing popularity of lightweight alloys in automotive sector
- Rising demand for high-strength alloys in aerospace industry
- Technological advancements that improve the properties of aluminum-magnesium alloys plate products
- Growing awareness about the benefits of aluminum-magnesium alloys plate among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminum-Magnesium Alloys Plate Market Research Report
By Type
5000 Series, 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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Aluminum-Magnesium Alloys Plate Market Report Segments:
The global Aluminum-Magnesium Alloys Plate market is segmented on the basis of:
Types
5000 Series, 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 Plate 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:
- 5000 Series
- 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 Plate 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
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 plate is a type of metal alloy that is made up of aluminum and magnesium. This alloy is strong and lightweight, which makes it perfect for use in products that need to be durable but also lightweight.
Some of the key players operating in the aluminum-magnesium alloys plate 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 plate market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aluminum-Magnesium Alloys Plate 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 Plate 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 Plate Market - Supply Chain
4.5. Global Aluminum-Magnesium Alloys Plate Market Forecast
4.5.1. Aluminum-Magnesium Alloys Plate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aluminum-Magnesium Alloys Plate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Aluminum-Magnesium Alloys Plate Market Absolute $ Opportunity
5. Global Aluminum-Magnesium Alloys Plate 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 Plate Market Size and Volume Forecast by Type
5.3.1. 5000 Series
5.3.2. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Aluminum-Magnesium Alloys Plate 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 Plate 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 Plate 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 Plate 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 Plate 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 Plate 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 Plate Demand Share Forecast, 2019-2029
9. North America Aluminum-Magnesium Alloys Plate 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 Plate 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 Plate 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 Plate Market Size and Volume Forecast by Type
9.7.1. 5000 Series
9.7.2. 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 Plate Demand Share Forecast, 2019-2029
10. Latin America Aluminum-Magnesium Alloys Plate 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 Plate 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 Plate 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 Plate Market Size and Volume Forecast by Type
10.7.1. 5000 Series
10.7.2. 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 Plate Demand Share Forecast, 2019-2029
11. Europe Aluminum-Magnesium Alloys Plate 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 Plate 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 Plate 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 Plate Market Size and Volume Forecast by Type
11.7.1. 5000 Series
11.7.2. 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 Plate Demand Share, 2019-2029
12. Asia Pacific Aluminum-Magnesium Alloys Plate 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 Plate 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 Plate 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 Plate Market Size and Volume Forecast by Type
12.7.1. 5000 Series
12.7.2. 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 Plate Demand Share, 2019-2029
13. Middle East & Africa Aluminum-Magnesium Alloys Plate 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 Plate 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 Plate 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 Plate Market Size and Volume Forecast by Type
13.7.1. 5000 Series
13.7.2. 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 Plate Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Aluminum-Magnesium Alloys Plate Market: Market Share Analysis
14.2. Aluminum-Magnesium Alloys Plate Distributors and Customers
14.3. Aluminum-Magnesium Alloys Plate 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
