Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Magnesium Alloys Market by Type (Cast Alloys, Wrought Alloys), By Application (Automotive & Transportation, Electronic, Aerospace & Defense, Power Tools) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Magnesium Alloys Market by Type (Cast Alloys, Wrought Alloys), By Application (Automotive & Transportation, Electronic, Aerospace & Defense, Power Tools) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 134223 3300 Chemical & Material 377 230 Pages 4.7 (48)

Market Overview:

The global magnesium alloys market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for magnesium alloys from various end-use industries, such as automotive & transportation, electronic, aerospace & defense and power tools. In terms of volume, cast alloys are expected to dominate the global magnesium alloys market during the forecast period. However, wrought alloys are projected to register a higher CAGR than cast alloys during the forecast period.

Global Magnesium Alloys Industry Outlook

Product Definition:

A magnesium alloy is a metal alloy that contains magnesium as the main component. Magnesium alloys are used where light weight and high strength are required, such as in aerospace and automobile engineering.

Cast Alloys:

Cast alloys are alloyed with elements such as silicon, aluminum, manganese and magnesium. These metals when used in high volume can impart superior properties to the finished product. The most important property that these cast alloys impart is ductility which is a vital factor for many industrial applications including machine parts, automotive components and aerospace equipment among others.

Wrought Alloys:

Wrought alloys are magnesium-based alloy products manufactured by the processing of raw materials such as magnesium and aluminum. The product is available in different forms including castings, extrusions, sheets, and powders. It can be used for manufacturing automotive parts such as engine blocks; transmission cases; hubs; wheels; suspension bushings and other related components.

Application Insights:

Automotive & transportation was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The product has a number of applications in automotive industry including body structure, powertrain, chassis, electronics box and magnesium door panels. It is primarily used for weight reduction purposes as it reduces overall vehicle mass. In addition, it also improves fuel efficiency by reducing weight of gasoline engine components such as intake manifolds and exhaust systems.

Magnesium-alloy based products are widely utilized across all major industries including aerospace & defense on account of its lightweight properties along with strength-to-weight ratio which makes them suitable for structural components as well as fasteners used in aircraft manufacturing. In addition, these alloys are also used extensively across industrial machinery sectors owing to their high corrosion resistance property along with low maintenance cost which makes them highly favorable compared to traditional steel counterparts globally speaking.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of 68.2% in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rapid industrialization, coupled with growing automotive production across key markets including China, India, Japan, South Korea and Taiwan.

The growth of the aerospace industry in Asia Pacific countries such as India and China has been remarkable over the past few years owing to rising passenger traffic on domestic routes as well as international flights between these nations which has led manufacturers operating within this sector within these economies have been witnessing high demand for new aircraft or helicopters among other flying machines since they are offering better connectivity & comfort than ever before while traveling thereby driving product demand across this application segment over the forecast period.

Growth Factors:

  • Increasing demand from the automotive and aerospace industries for magnesium alloys as they are lightweight and have high strength-to-weight ratios.
  • Growing demand for magnesium alloys in medical implants and prosthetics due to their biocompatibility properties.
  • Rising popularity of magnesium alloys in consumer electronics due to their low weight and heat dissipation properties.
  • Increasing use of magnesium alloys in construction industry as they are non-toxic, flame retardant, and have a long life span.

Scope Of The Report

Report Attributes

Report Details

Report Title

Magnesium Alloys Market Research Report

By Type

Cast Alloys, Wrought Alloys

By Application

Automotive & Transportation, Electronic, Aerospace & Defense, Power Tools

By Companies

Magnesium Elektron, Ka Shui International Holdings, Magontec, U.S. Magnesium, Nanjing Yunhai Special Metals, Meridian Lightweight Technologies, Amacor, Shanghai Regal Magnesium, Shanxi Yinguang Huasheng Magnesium, Shanxi Credit Magnesium

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 Magnesium Alloys Market Report Segments:

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


Cast Alloys, Wrought Alloys

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.


Automotive & Transportation, Electronic, Aerospace & Defense, Power Tools

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. Magnesium Elektron
  2. Ka Shui International Holdings
  3. Magontec
  4. U.S. Magnesium
  5. Nanjing Yunhai Special Metals
  6. Meridian Lightweight Technologies
  7. Amacor
  8. Shanghai Regal Magnesium
  9. Shanxi Yinguang Huasheng Magnesium
  10. Shanxi Credit Magnesium

Global Magnesium Alloys Market Overview

Highlights of The Magnesium Alloys 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. Cast Alloys
    2. Wrought Alloys
  1. By Application:

    1. Automotive & Transportation
    2. Electronic
    3. Aerospace & Defense
    4. Power Tools
  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 Magnesium Alloys 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

Global Magnesium Alloys 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?

Magnesium alloys are a type of metal alloy that is made up of two or more different metals. Magnesium alloys are often used in products that need to be strong and lightweight, like aircraft parts and car parts.

Some of the major companies in the magnesium alloys market are Magnesium Elektron, Ka Shui International Holdings, Magontec, U.S. Magnesium, Nanjing Yunhai Special Metals, Meridian Lightweight Technologies, Amacor, Shanghai Regal Magnesium, Shanxi Yinguang Huasheng Magnesium, Shanxi Credit Magnesium.

The magnesium alloys market is expected to register a CAGR of 6.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Magnesium Alloys 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. Magnesium Alloys Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Magnesium Alloys Market - Supply Chain
   4.5. Global Magnesium Alloys Market Forecast
      4.5.1. Magnesium Alloys Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Magnesium Alloys Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Magnesium Alloys Market Absolute $ Opportunity

5. Global Magnesium Alloys 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. Magnesium Alloys Market Size and Volume Forecast by Type
      5.3.1. Cast Alloys
      5.3.2. Wrought Alloys
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Magnesium Alloys 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. Magnesium Alloys Market Size and Volume Forecast by Application
      6.3.1. Automotive & Transportation
      6.3.2. Electronic
      6.3.3. Aerospace & Defense
      6.3.4. Power Tools
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Magnesium Alloys 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. Magnesium Alloys 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 Magnesium Alloys 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. Magnesium Alloys 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 Magnesium Alloys Demand Share Forecast, 2019-2029

9. North America Magnesium Alloys 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 Magnesium Alloys 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 Magnesium Alloys Market Size and Volume Forecast by Application
      9.4.1. Automotive & Transportation
      9.4.2. Electronic
      9.4.3. Aerospace & Defense
      9.4.4. Power Tools
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Magnesium Alloys Market Size and Volume Forecast by Type
      9.7.1. Cast Alloys
      9.7.2. Wrought Alloys
   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 Magnesium Alloys Demand Share Forecast, 2019-2029

10. Latin America Magnesium Alloys 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 Magnesium Alloys 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 Magnesium Alloys Market Size and Volume Forecast by Application
      10.4.1. Automotive & Transportation
      10.4.2. Electronic
      10.4.3. Aerospace & Defense
      10.4.4. Power Tools
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Magnesium Alloys Market Size and Volume Forecast by Type
      10.7.1. Cast Alloys
      10.7.2. Wrought Alloys
   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 Magnesium Alloys Demand Share Forecast, 2019-2029

11. Europe Magnesium Alloys 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 Magnesium Alloys 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 Magnesium Alloys Market Size and Volume Forecast by Application
      11.4.1. Automotive & Transportation
      11.4.2. Electronic
      11.4.3. Aerospace & Defense
      11.4.4. Power Tools
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Magnesium Alloys Market Size and Volume Forecast by Type
      11.7.1. Cast Alloys
      11.7.2. Wrought Alloys
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential nalysis
      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 Magnesium Alloys Demand Share, 2019-2029

12. Asia Pacific Magnesium Alloys 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 Magnesium Alloys 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 Magnesium Alloys Market Size and Volume Forecast by Application
      12.4.1. Automotive & Transportation
      12.4.2. Electronic
      12.4.3. Aerospace & Defense
      12.4.4. Power Tools
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Magnesium Alloys Market Size and Volume Forecast by Type
      12.7.1. Cast Alloys
      12.7.2. Wrought Alloys
   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 Magnesium Alloys Demand Share, 2019-2029

13. Middle East & Africa Magnesium Alloys 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 Magnesium Alloys 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 Magnesium Alloys Market Size and Volume Forecast by Application
      13.4.1. Automotive & Transportation
      13.4.2. Electronic
      13.4.3. Aerospace & Defense
      13.4.4. Power Tools
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Magnesium Alloys Market Size and Volume Forecast by Type
      13.7.1. Cast Alloys
      13.7.2. Wrought Alloys
   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 Magnesium Alloys Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Magnesium Alloys Market: Market Share Analysis
   14.2. Magnesium Alloys Distributors and Customers
   14.3. Magnesium Alloys Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Magnesium Elektron Overview Financials Developments Strategic Outlook
      14.4.2. Ka Shui International Holdings Overview Financials Developments Strategic Outlook
      14.4.3. Magontec Overview Financials Developments Strategic Outlook
      14.4.4. U.S. Magnesium Overview Financials Developments Strategic Outlook
      14.4.5. Nanjing Yunhai Special Metals Overview Financials Developments Strategic Outlook
      14.4.6. Meridian Lightweight Technologies Overview Financials Developments Strategic Outlook
      14.4.7. Amacor Overview Financials Developments Strategic Outlook
      14.4.8. Shanghai Regal Magnesium Overview Financials Developments Strategic Outlook
      14.4.9. Shanxi Yinguang Huasheng Magnesium Overview Financials Developments Strategic Outlook
      14.4.10. Shanxi Credit Magnesium Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 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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