Market Overview:
The global aluminum magnesium manganese alloy market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for lightweight alloys in various end-use industries such as construction, aerospace, automotive, and others. In terms of type, the ingot segment is expected to hold a major share of the global aluminum magnesium manganese alloy market during the forecast period. This can be attributed to its high strength-to-weight ratio and corrosion resistance properties as compared to other types of alloys. In terms of application, the construction segment is projected to witness highest growth during the forecast period owing to increasing demand for lightweight materials in this sector across regions.
Product Definition:
An alloy of aluminum, magnesium and manganese. It has high strength and low weight, making it ideal for aircraft construction.
Ingot:
An ingot is a solidified or semi-solidified block of metal. Ingots are used in various end-use industries such as construction, automotive, electrical & electronics and heavy machinery. The aluminum magnesium manganese alloy market has witnessed significant growth over the past few years on account of growing demand from the automotive industry for lightweight components to reduce fuel consumption and emissions.
Sheet:
Aluminum magnesium manganese alloy is a material that consists of aluminum and various metals such as magnesium, zinc and manganese. It has the ability to withstand high temperatures which makes it suitable for applications in automotive industry. The material also provides excellent corrosion resistance properties owing to which it is used in manufacturing components of automobiles such as power train, chassis & body parts among others.
Application Insights:
The construction industry was the largest application segment in 2017 and accounted for a volume share of over 30% by 2030. The segment will witness significant growth on account of increasing demand to build infrastructure at a domestic level as well as at global level. In addition, favorable government policies regarding housing and urban development are expected to boost aluminum magnesium manganese alloy market growth over the forecast period.
The automotive industry is anticipated to witness considerable growth in terms of product demand owing to rising sales of passenger cars and light commercial vehicles across various regions including Asia Pacific, North America and Europe. Increasing disposable income levels coupled with changing lifestyle has led people towards purchasing automobiles which is likely to propel product demand in this sector over the coming years.
Regional Analysis:
Asia Pacific accounted for the largest volume share of over 45% in 2017. The region is expected to continue its dominance over the forecast period as well, owing to rising construction activities and automotive production in China, India, Japan and South Korea. In addition, growing aerospace manufacturing by countries such as Indonesia and Malaysia is anticipated to propel market growth during the forecast period.
The aluminum magnesium manganese alloy industry has witnessed significant growth in Europe since 2010 due to increasing demand from major end-use industries such as transportation & vehicles; electrical & electronics; building & construction; oil & gas etc., which resulted into high product penetration across various applications. However, North America aluminum magnesium manganese alloy market was estimated at USD X million in 2017 on account of a rise in energy prices that negatively impacted industrial operations leading towards reduced consumption of products across several end-use sectors including oil exploration activities thereby reducing overall demand for AMMACS bars/rounds products over this region.
Growth Factors:
- Increasing demand from the automotive and transportation sector: The global aluminum magnesium manganese alloy market is expected to grow at a CAGR of more than 5% during the forecast period. This can be attributed to the increasing demand for lightweight vehicles, which in turn is fueling the growth of the aluminum magnesium manganese alloy market.
- Growing demand for high-strength alloys: Aluminum magnesium manganese alloys are known for their high strength-to-weight ratio, making them an ideal choice for various applications such as automotive and transportation, aerospace and defense, and construction industries. This is expected to drive the growth of the global aluminum magnesium manganese alloy market during the forecast period.
- Rising popularity of electric vehicles: The popularity of electric vehicles (EVs) is growing rapidly across different regions due to their low emissions and fuel efficiency as compared to traditional internal combustion engine (ICE) vehicles. This is likely to create opportunities for players in the global aluminum magnesium manganese alloy market duringthe forecast period .
- . Technological advancements: Key players in th eglobal aluminum magnesiu mmangan esealloymarket are investing heavily in researchand development activitiesin order tobuild new products that meetthe stringent requirements o f various end-use industries .Thisisexpectedtogrowthealuminummagnesiummanganeseal l oymarketduringth eforecastperiod . 5.. Increasing use o f compos
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminum Magnesium Manganese Alloy Market Research Report
By Type
Ingot, Sheet
By Application
Construction, Aerospace, Automotive, Others
By Companies
Shanghai Metal Corporation, ThyssenKrupp, Steel Dynamics, POSCO, Nippon Steel and Sumitomo Metal, Hesteel Group, Alubase Industry, Shanghai Metal Corporation
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Aluminum Magnesium Manganese Alloy Market Report Segments:
The global Aluminum Magnesium Manganese Alloy market is segmented on the basis of:
Types
Ingot, Sheet
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
Construction, Aerospace, Automotive, 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:
- Shanghai Metal Corporation
- ThyssenKrupp
- Steel Dynamics
- POSCO
- Nippon Steel and Sumitomo Metal
- Hesteel Group
- Alubase Industry
- Shanghai Metal Corporation
Highlights of The Aluminum Magnesium Manganese Alloy 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:
- Ingot
- Sheet
- By Application:
- Construction
- Aerospace
- Automotive
- 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 Manganese Alloy 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
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- Consumer Insights
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- 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 Manganese Alloy is a type of alloy that is made up of aluminum and magnesium. It has the ability to resist corrosion and wear, making it a popular choice for products that require durability.
Some of the key players operating in the aluminum magnesium manganese alloy market are Shanghai Metal Corporation, ThyssenKrupp, Steel Dynamics, POSCO, Nippon Steel and Sumitomo Metal, Hesteel Group, Alubase Industry, Shanghai Metal Corporation.
The aluminum magnesium manganese alloy market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aluminum Magnesium Manganese Alloy Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aluminum Magnesium Manganese Alloy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aluminum Magnesium Manganese Alloy Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aluminum Magnesium Manganese Alloy Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aluminum Magnesium Manganese Alloy Market Size & Forecast, 2018-2028
4.5.1 Aluminum Magnesium Manganese Alloy Market Size and Y-o-Y Growth
4.5.2 Aluminum Magnesium Manganese Alloy Market Absolute $ Opportunity
Chapter 5 Global Aluminum Magnesium Manganese Alloy Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Aluminum Magnesium Manganese Alloy Market Size Forecast by Type
5.2.1 Ingot
5.2.2 Sheet
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aluminum Magnesium Manganese Alloy Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Aluminum Magnesium Manganese Alloy Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Aerospace
6.2.3 Automotive
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aluminum Magnesium Manganese Alloy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aluminum Magnesium Manganese Alloy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aluminum Magnesium Manganese Alloy Analysis and Forecast
9.1 Introduction
9.2 North America Aluminum Magnesium Manganese Alloy Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aluminum Magnesium Manganese Alloy Market Size Forecast by Type
9.6.1 Ingot
9.6.2 Sheet
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Aluminum Magnesium Manganese Alloy Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Aerospace
9.10.3 Automotive
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Aluminum Magnesium Manganese Alloy Analysis and Forecast
10.1 Introduction
10.2 Europe Aluminum Magnesium Manganese Alloy Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aluminum Magnesium Manganese Alloy Market Size Forecast by Type
10.6.1 Ingot
10.6.2 Sheet
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Aluminum Magnesium Manganese Alloy Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Aerospace
10.10.3 Automotive
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Aluminum Magnesium Manganese Alloy Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aluminum Magnesium Manganese Alloy Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aluminum Magnesium Manganese Alloy Market Size Forecast by Type
11.6.1 Ingot
11.6.2 Sheet
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Aluminum Magnesium Manganese Alloy Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Aerospace
11.10.3 Automotive
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Aluminum Magnesium Manganese Alloy Analysis and Forecast
12.1 Introduction
12.2 Latin America Aluminum Magnesium Manganese Alloy Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aluminum Magnesium Manganese Alloy Market Size Forecast by Type
12.6.1 Ingot
12.6.2 Sheet
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Aluminum Magnesium Manganese Alloy Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Aerospace
12.10.3 Automotive
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Aluminum Magnesium Manganese Alloy Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aluminum Magnesium Manganese Alloy Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aluminum Magnesium Manganese Alloy Market Size Forecast by Type
13.6.1 Ingot
13.6.2 Sheet
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Aluminum Magnesium Manganese Alloy Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Aerospace
13.10.3 Automotive
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aluminum Magnesium Manganese Alloy Market: Competitive Dashboard
14.2 Global Aluminum Magnesium Manganese Alloy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shanghai Metal Corporation
14.3.2 ThyssenKrupp
14.3.3 Steel Dynamics
14.3.4 POSCO
14.3.5 Nippon Steel and Sumitomo Metal
14.3.6 Hesteel Group
14.3.7 Alubase Industry
14.3.8 Shanghai Metal Corporation
