Market Overview:
The global magnesium target market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for magnesium targets from the display industry, solar energy industry, and automobile industry. Additionally, the growing demand for magnesium targets from other applications is also contributing to the growth of this market. However, fluctuations in prices of raw materials used in manufacturing magnesium targets may restrain the growth of this market during the forecast period. On basis of type,the global magnesium target market can be segmented into plane target and rotating target. The plane target segment is expected to hold a major share of this market during the forecast period owing to its low cost and high efficiency as compared with rotating targets. On basis on application,the global Magnesium Target Market can be divided into four segments: display industry, solar energy industry automotive industry and other applications including medical implants & prostheses etc.). Among these segments,display Industry helds largest share followed by Solar Energy Industry in 2017 .However Automotive Industryis projectedto grow at highest CAGR over next few years due To Increasing Demand For Electric Vehicles Globally .Region-wise , North America accounted for largest share followed by Europe In 2017 And it Is Expected To Remain Dominant Throughout Forecast Period .
Product Definition:
A magnesium target is a device used in sputtering deposition to produce thin films of magnesium. Magnesium targets are made of high purity (99.999%) magnesium and are available in a variety of sizes, shapes, and thicknesses. Magnesium is an important alloying element in aluminum-magnesium alloys and has many other applications including aerospace, automotive, medical implants, and food packaging.
Plane Target:
Plane target is a specific type of MRI scan that helps in mapping the internal organs and tissues. It also helps in determining the blood volume, flow rate, and oxygen content in different parts of body. This test is performed to evaluate diseases such as kidney stones (urolithiasis), abdominal pain (obstetrica), chronic pancreatitis, biliary tract disease & gallstones (biliary tract infection or cholangitis), liver tumors/cancers etc.
Rotating Target:
Rotating target is a method used to enhance the activity of enzymes by providing a series of substrates in an ordered manner. It is also known as spinning wheel or rotary Target. The method was firstly developed for use in protein crystallization but it has found many other applications too including biochemistry, molecular biology, and drug discovery among others.
The main advantage of using rotating target is that it helps in improving the rate.
Application Insights:
The display industry accounted for the largest revenue share of over 40% in 2017. Magnesium is widely used in the display industry owing to its lightweight properties and low cost. The growth of the smartphone market has been fueling demand for magnesium-based displays, which is expected to drive growth over the forecast period.
Magnesium alloys are used as a replacement for steel in vehicle manufacturing due to their lighter weight and superior strength-to-weight ratio. Automobile manufacturers are focusing on reducing overall vehicle weight, especially during high speed drives, which enables mag wheelsets with lower mass per unit of volume and greater rotational speed resulting in improved fuel efficiency and reduced emissions output from vehicles traveling at highway speeds.
Regional Analysis:
North America accounted for the largest market share of over 40% in 2017. The region is expected to maintain its dominance during the forecast period on account of rising magnesium content in display panels and automobiles. Moreover, growing demand from other end-use industries such as electronics, construction, packaging will further drive growth.
Europe was valued at USD X million in 2017 and is projected to grow at a significant rate over the forecast period owing to increasing production capacities of magnesium metal by several European Magnesium Manufacturers Association (EMMA) members coupled with government support for R&D activities pertaining to production processes and products derived from magnesium metal.
Growth Factors:
- Increased demand from the automotive and aerospace industries for lightweight alloys that contain magnesium.
- Growing popularity of electric vehicles, which require more magnesium for battery production.
- Increasing awareness of the health benefits of magnesium supplements, including better sleep and stress relief.
- Rising demand from emerging economies such as China and India for affordable housing that uses lightweight construction materials like magnesium alloys.
- Advances in 3D printing technology that allow for the production of customized parts made with magnesium alloys
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnesium Target Market Research Report
By Type
Plane Target, Rotating Target
By Application
Display Industry, Solar Energy Industry, Automobile Industry, Other
By Companies
Stellitemetal, Prweb, Best Metals Buy, Lesker, SAM, Nexteck, ZNXC, Beijing Guanli, Kaize Metals, E-light, German tech, Beijing Scistar Technology, FDC
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Magnesium Target Market Report Segments:
The global Magnesium Target market is segmented on the basis of:
Types
Plane Target, Rotating Target
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
Display Industry, Solar Energy Industry, Automobile Industry, Other
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:
- Stellitemetal
- Prweb
- Best Metals Buy
- Lesker
- SAM
- Nexteck
- ZNXC
- Beijing Guanli
- Kaize Metals
- E-light
- German tech
- Beijing Scistar Technology
- FDC
Highlights of The Magnesium Target 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:
- Plane Target
- Rotating Target
- By Application:
- Display Industry
- Solar Energy Industry
- Automobile Industry
- Other
- 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 Magnesium Target 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?
Magnesium Target is a dietary supplement that is designed to help improve magnesium levels in the body.
Some of the major companies in the magnesium target market are Stellitemetal, Prweb, Best Metals Buy, Lesker, SAM, Nexteck, ZNXC, Beijing Guanli, Kaize Metals, E-light, German tech, Beijing Scistar Technology, FDC.
The magnesium target market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnesium Target 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 Magnesium Target Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnesium Target 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 Magnesium Target 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 Magnesium Target Market Size & Forecast, 2020-2028
4.5.1 Magnesium Target Market Size and Y-o-Y Growth
4.5.2 Magnesium Target Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Plane Target
5.2.2 Rotating Target
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Display Industry
6.2.2 Solar Energy Industry
6.2.3 Automobile Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnesium Target 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 Magnesium Target 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Plane Target
9.6.2 Rotating Target
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 Market Size Forecast by Applications
9.10.1 Display Industry
9.10.2 Solar Energy Industry
9.10.3 Automobile Industry
9.10.4 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Plane Target
10.6.2 Rotating Target
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 Market Size Forecast by Applications
10.10.1 Display Industry
10.10.2 Solar Energy Industry
10.10.3 Automobile Industry
10.10.4 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Plane Target
11.6.2 Rotating Target
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 Market Size Forecast by Applications
11.10.1 Display Industry
11.10.2 Solar Energy Industry
11.10.3 Automobile Industry
11.10.4 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Plane Target
12.6.2 Rotating Target
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 Market Size Forecast by Applications
12.10.1 Display Industry
12.10.2 Solar Energy Industry
12.10.3 Automobile Industry
12.10.4 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Plane Target
13.6.2 Rotating Target
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) Market Size Forecast by Applications
13.10.1 Display Industry
13.10.2 Solar Energy Industry
13.10.3 Automobile Industry
13.10.4 Other
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 Magnesium Target Market: Competitive Dashboard
14.2 Global Magnesium Target Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stellitemetal
14.3.2 Prweb
14.3.3 Best Metals Buy
14.3.4 Lesker
14.3.5 SAM
14.3.6 Nexteck
14.3.7 ZNXC
14.3.8 Beijing Guanli
14.3.9 Kaize Metals
14.3.10 E-light
14.3.11 German tech
14.3.12 Beijing Scistar Technology
14.3.13 FDC
