Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Aluminum-Magnesium Alloys Plate Market by Type (5000 Series, 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 Plate Market by Type (5000 Series, 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: 133967 3300 Chemical & Material 377 244 Pages 4.9 (37)

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.

Global Aluminum-Magnesium Alloys Plate Industry Outlook

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 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


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 Plate Market Report Segments:

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


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.


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 Plate Market Overview

Highlights of The Aluminum-Magnesium Alloys Plate 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. 5000 Series
    2. 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 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
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  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
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Global Aluminum-Magnesium Alloys Plate 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 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 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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