Market Overview:
The global magnesium and magnesium alloy market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for magnesium and magnesium alloys from various end-use industries, such as automotive and transportation, electronic, aerospace and defense, power tools, among others. Magnesium alloys are used in various applications owing to their properties such as light weightiness, corrosion resistance, high strength-to-weight ratio (STWR), thermal stability, electrical conductivity etc. Asia Pacific is expected to be the fastest growing region during the forecast period due to the increasing demand for lightweight materials in automotive and transportation industry in countries such as China and India.
Product Definition:
Magnesium is a chemical element with symbol Mg and atomic number 12. It is a silvery-white metal that burns with a brilliant white light. Magnesium alloy is an alloy of magnesium with other metals.
Cast Alloys:
Cast alloys have a composition of base metal and different metals or alloying elements, which are melted in the same vessel. The molten cast alloy is then allowed to solidify. It can be used as an alternative to pure metals or other materials that are not cost-effective for certain applications.
Wrought Alloys:
Wrought alloys are a group of iron and steel products manufactured by shaping molten metal into shapes by manual or mechanical means. The most common types of wrought alloys include cast iron, pig iron, and steel. Wrought alloy is also used in the manufacturing of high strength materials for applications such as beams, gears, fasteners used in construction equipment & machinery and automobiles among others.
Application Insights:
Automotive and transportation was the largest application segment in 2017, accounting for a market share of more than 45%. The growth can be attributed to increasing demand from end-user industries such as automotive, marine, and aviation. In addition, magnesium is expected to witness high demand from the electrical & electronics industry owing to its lightweight properties. These factors are likely to drive the global magnesium market over the forecast period.
Magnesium alloys have excellent corrosion resistance which makes them suitable in automotive applications where there is constant exposure to weather elements like moisture and sand particles. They also offer protection against harsh environments including snow, ice and rain due largelyto their superior strength characteristics that ensure long-term durability of vehicles even after extensive useage by repair shops or body shops.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period.
The Asia Pacific was followed by Europe with a volume share of 16.7%.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for magnesium and magnesium alloy products due to their lightweight properties.
- Growing demand for medical implants and prostheses made of magnesium alloys, as they are biocompatible and have low reactivity with human tissues.
- Rising popularity of magnesium-based batteries as they offer high energy density, longer life cycle, and faster charging time than traditional lithium-ion batteries.
- Increasing use of magnesium in construction industry as a fire retardant material owing to its non-toxic nature and ability to suppress flames quickly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnesium and Magnesium Alloy Market Research Report
By Type
Cast Alloys, Wrought Alloys
By Application
Automotive and Transportation, Electronic, Aerospace and Defense, Power Tools
By Companies
Magnesium Elektron, KA Shui, U.S. Magnesium, Yunhai Special Metals, Regal Magnesium, Yinguang Huasheng Magnesium, Credit Magnesium, Dynacast, Fugu Tianyu Mineral Industry, Posco, CMC, DSM
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Magnesium and Magnesium Alloy Market Report Segments:
The global Magnesium and Magnesium Alloy market is segmented on the basis of:
Types
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.
Applications
Automotive and Transportation, Electronic, Aerospace and 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:
- Magnesium Elektron
- KA Shui
- U.S. Magnesium
- Yunhai Special Metals
- Regal Magnesium
- Yinguang Huasheng Magnesium
- Credit Magnesium
- Dynacast
- Fugu Tianyu Mineral Industry
- Posco
- CMC
- DSM
Highlights of The Magnesium and Magnesium 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:
- Cast Alloys
- Wrought Alloys
- By Application:
- Automotive and Transportation
- Electronic
- Aerospace and Defense
- Power Tools
- 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 and Magnesium 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
- 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 is a metal with a bright yellow color and a lustrous surface. Magnesium alloy is an alloy of magnesium and other metals, such as aluminum or silicon.
Some of the major players in the magnesium and magnesium alloy market are Magnesium Elektron, KA Shui, U.S. Magnesium, Yunhai Special Metals, Regal Magnesium, Yinguang Huasheng Magnesium, Credit Magnesium, Dynacast, Fugu Tianyu Mineral Industry, Posco, CMC, DSM.
The magnesium and magnesium alloy market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnesium and Magnesium Alloy 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 and Magnesium Alloy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnesium and Magnesium Alloy Market - Supply Chain
4.5. Global Magnesium and Magnesium Alloy Market Forecast
4.5.1. Magnesium and Magnesium Alloy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnesium and Magnesium Alloy Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnesium and Magnesium Alloy Market Absolute $ Opportunity
5. Global Magnesium and Magnesium Alloy 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 and Magnesium Alloy 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 and Magnesium Alloy 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 and Magnesium Alloy Market Size and Volume Forecast by Application
6.3.1. Automotive and Transportation
6.3.2. Electronic
6.3.3. Aerospace and 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 and Magnesium Alloy 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 and Magnesium Alloy 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 and Magnesium Alloy 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 and Magnesium Alloy 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 and Magnesium Alloy Demand Share Forecast, 2019-2029
9. North America Magnesium and Magnesium Alloy 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 and Magnesium Alloy 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 and Magnesium Alloy Market Size and Volume Forecast by Application
9.4.1. Automotive and Transportation
9.4.2. Electronic
9.4.3. Aerospace and 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 and Magnesium Alloy 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 and Magnesium Alloy Demand Share Forecast, 2019-2029
10. Latin America Magnesium and Magnesium Alloy 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 and Magnesium Alloy 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 and Magnesium Alloy Market Size and Volume Forecast by Application
10.4.1. Automotive and Transportation
10.4.2. Electronic
10.4.3. Aerospace and 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 and Magnesium Alloy 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 and Magnesium Alloy Demand Share Forecast, 2019-2029
11. Europe Magnesium and Magnesium Alloy 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 and Magnesium Alloy 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 and Magnesium Alloy Market Size and Volume Forecast by Application
11.4.1. Automotive and Transportation
11.4.2. Electronic
11.4.3. Aerospace and 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 and Magnesium Alloy Market Size and Volume Forecast by Type
11.7.1. Cast Alloys
11.7.2. Wrought Allys
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 Magnesium and Magnesium Alloy Demand Share, 2019-2029
12. Asia Pacific Magnesium and Magnesium Alloy 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 and Magnesium Alloy 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 and Magnesium Alloy Market Size and Volume Forecast by Application
12.4.1. Automotive and Transportation
12.4.2. Electronic
12.4.3. Aerospace and 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 and Magnesium Alloy 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 and Magnesium Alloy Demand Share, 2019-2029
13. Middle East & Africa Magnesium and Magnesium Alloy 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 and Magnesium Alloy 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 and Magnesium Alloy Market Size and Volume Forecast by Application
13.4.1. Automotive and Transportation
13.4.2. Electronic
13.4.3. Aerospace and 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 and Magnesium Alloy 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 and Magnesium Alloy Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Magnesium and Magnesium Alloy Market: Market Share Analysis
14.2. Magnesium and Magnesium Alloy Distributors and Customers
14.3. Magnesium and Magnesium Alloy Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Magnesium Elektron
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KA Shui
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. U.S. Magnesium
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Yunhai Special Metals
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Regal Magnesium
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Yinguang Huasheng Magnesium
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Credit Magnesium
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Dynacast
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Fugu Tianyu Mineral Industry
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Posco
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CMC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. DSM
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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