Market Overview:
The global aluminum-magnesium alloys rod market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for lightweight materials in automotive and transportation industries. Aluminum-magnesium alloys are used as substitutes for traditional materials such as steel and aluminum, owing to their superior properties such as high strength-to-weight ratio, corrosion resistance, and thermal conductivity. In addition, the growing demand for electric vehicles is also expected to boost the demand for aluminum-magnesium alloys in the coming years. On the basis of type, 5000 series accounted for a major share of the global aluminum-magnesium alloys rod market in 2017. This can be attributed to its superior properties compared with other types of aluminum magnesium alloys rods available in the market.
Product Definition:
Aluminum-magnesium alloys rods are used to create lightweight and durable objects. They are often used in the transportation industry to make vehicles lighter, which improves fuel efficiency.
5000 Series:
Aluminum- magnesium alloys rods are used in the end-use industries such as construction, automotive and marine. 5000 series aluminum alloy with magnesium is one of the most commonly used materials in these industries. It has a wide range of applications due to its properties such as high strength, lightweight and corrosion resistance among others.
Others:
Others is the second largest element in terms of weight and volume. It accounts for approximately 16% of the total composition by weight and about 23% by volume in commercial grades such as boron-free aluminum alloys, aluminum-based magnesium alloys, etc. The others content includes boron, iron, titanium and other metals at a minimum level.
Application Insights:
Automotive application segment accounted for the largest volume share of over 40% in 2017. The use of aluminum- magnesium alloys rods in the automotive industry is increasing owing to their lightweight properties and high strength-to-weight ratio. These alloys also provide superior corrosion resistance, which is expected to drive their demand further. In addition, these products have a low thermal conductivity, resulting in increased heat dissipation from the engine compartment, which will promote its demand further.
The electronics industry is anticipated to be one of the fastest growing segments over the forecast period on account of increasing use of electronic devices such as smartphones and laptops among other consumer electronics products globally.
Regional Analysis:
Asia Pacific aluminum-magnesium alloys rod market is anticipated to grow at the fastest 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 investments by foreign players will drive industry expansion over the forecast period.
The North American aluminum- magnesium alloys rod market is expected witness moderate growth over the coming years on account of a positive outlook towards manufacturing activities across various industries including aerospace & defense, construction equipment etc. The region has observed steady growth in recent years owing to an increase in infrastructure spending along with other factors such as favorable demographics and economic conditions that have spurred product demand across end-use applications such as aerospace & defense components and industrial machinery among others.
Growth Factors:
- Growing demand from the automotive and transportation sector as aluminum-magnesium alloys are lightweight and have good strength-to-weight ratio
- Increasing demand for high performance alloys in aerospace and defense sectors
- Rising popularity of aluminum-magnesium alloys in medical implants and prosthetics
- Growing use of these alloys in energy sector for applications such as heat exchangers, pipelines, storage tanks etc.
- Technological advancements that are making these alloys more durable and corrosion resistant
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminum-Magnesium Alloys Rod 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 Rod Market Report Segments:
The global Aluminum-Magnesium Alloys Rod 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 Rod 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 Rod 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?
An aluminum-magnesium alloy rod is a metal rod made of an aluminum alloy and magnesium alloy. Aluminum-magnesium alloys are strong and lightweight, making them ideal for use in applications where strength and weight are important factors.
Some of the major companies in the aluminum-magnesium alloys rod market are Alcoa, Chalco, Yinhai Aluminum, Yunnan Aluminum, China Hongqiao, Rusal, Rio Tinto, Nanshan Light Alloy, Ahresty, Wanji, Handtmann, Kumz, MCI.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aluminum-Magnesium Alloys Rod 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 Rod 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 Rod Market - Supply Chain
4.5. Global Aluminum-Magnesium Alloys Rod Market Forecast
4.5.1. Aluminum-Magnesium Alloys Rod Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aluminum-Magnesium Alloys Rod Market Size (000 Units) and Y-o-Y Growth
4.5.3. Aluminum-Magnesium Alloys Rod Market Absolute $ Opportunity
5. Global Aluminum-Magnesium Alloys Rod 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 Rod 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 Rod 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 Rod 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 Rod 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 Rod 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 Rod 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 Rod 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 Rod Demand Share Forecast, 2019-2029
9. North America Aluminum-Magnesium Alloys Rod 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 Rod 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 Rod 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 Rod 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 Rod Demand Share Forecast, 2019-2029
10. Latin America Aluminum-Magnesium Alloys Rod 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 Rod 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 Rod 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 Rod 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 Rod Demand Share Forecast, 2019-2029
11. Europe Aluminum-Magnesium Alloys Rod 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 Rod 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 Rod 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 Rod 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 Rod Demand Share, 2019-2029
12. Asia Pacific Aluminum-Magnesium Alloys Rod 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 Rod 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 Rod 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 Rod 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 Rod Demand Share, 2019-2029
13. Middle East & Africa Aluminum-Magnesium Alloys Rod 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 Rod 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 Rod 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 Rod 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 Rod Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Aluminum-Magnesium Alloys Rod Market: Market Share Analysis
14.2. Aluminum-Magnesium Alloys Rod Distributors and Customers
14.3. Aluminum-Magnesium Alloys Rod 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
