Market Overview:
The global magnesium casting industry market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for magnesium castings from various end-use industries, such as automobiles, electronics, appliances, hand tools, military area and aerospace field. In terms of type, the magnesium die-casting segment is projected to grow at a higher CAGR than the magnesium sand-casting segment during the forecast period. This can be attributed to the growing demand for lightweight and high-strength components in automotive and aerospace applications. Regionally, Asia Pacific is estimated to account for a major share of the global magnesium casting industry market in 2018 and is projected to register highest growth rate during the forecast period.
Product Definition:
The magnesium casting industry is responsible for the production of magnesium-based castings. Magnesium castings are lightweight and strong, making them ideal for use in a variety of industries, including automotive, aerospace, and medical. The importance of the magnesium casting industry lies in its ability to produce high-quality castings that can be used in a wide range of applications.
Magnesium die-casting:
Magnesium die-casting is a process of creating molds in which the desired material can be cast. It is an economical and efficient method to produce complex shapes, especially for low volume production. The magnesium alloyed with zinc or aluminum can be used as a mold in this process. This technology has been around for more than 100 years and its applications are growing rapidly owing to its cost efficiency, ease of use and environmental friendliness nature.
Magnesium sand-casting:
Magnesium sand-casting is a process in which sand is used as a mold to shape the raw material into finished products. Magnesium metal is obtained from the melting of ore’s magnesium sulfate and when this metal flows in molten form, it cools down to become solid. In this process, there are no other materials added along with it; however, there are some common materials that are used for magnesium casting such as plastic resin molds or silicone rubber molds.
Application Insights:
Magnesium casting is widely used in the automotive industry owing to its lightweight property. The magnesium die-casting process is majorly used for manufacturing engine parts such as cylinder head, valve covers, and others. The magnesium sand-casting process is mainly utilized for manufacturing small parts such as fasteners, nuts & bolts, and other small items that require high precision. Other applications include military equipment & machinery components, electronics products including mobile phones and laptops/notebooks etc., appliances including cookware and saucepans etc., hand tools including routers planes saws drills etc.
Regional Analysis:
Asia Pacific dominated the global industry in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of 68.1% in 2017, which can be attributed to increasing automotive production and sales in emerging economies such as China, India, Indonesia, Vietnam among others.
The market growth can also be attributed to growing magnesium die-casting production owing high demand from end-use industries for passenger cars & commercial vehicles coupled with rising disposable income resulting into increased vehicle sales on roads leading into an upsurge in magnesium casting consumption.
Growth Factors:
- Growing demand from the automotive and transportation industry for lightweight components
- Increasing demand for magnesium alloys in medical implants and prosthetics
- Rising popularity of magnesium-based energy storage systems
- Growing use of magnesium in construction and architecture projects
- Proliferation of 3D printing technology for manufacturing complex shapes
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnesium Casting Industry Market Research Report
By Type
Magnesium die-casting, Magnesium sand-casting
By Application
Automobiles, Electronics, Appliances, Hand tools, Military area, Aerospace field, Others
By Companies
Buhler AG, Dynacast International, Thompson Aluminum Casting Company (TAC), Chicago Magnesium Casting Company, Hettich, Magnesium Elektron, Auer Guss GmbH, TyTek Industries, TCDC, JPM Group, TCDC, AmTech International, Skyrock, Pace Industries, The Lite Metals, Faw Foundry, Pace Industries
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Magnesium Casting Industry Market Report Segments:
The global Magnesium Casting Industry market is segmented on the basis of:
Types
Magnesium die-casting, Magnesium sand-casting
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
Automobiles, Electronics, Appliances, Hand tools, Military area, Aerospace field, 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:
- Buhler AG
- Dynacast International
- Thompson Aluminum Casting Company (TAC)
- Chicago Magnesium Casting Company
- Hettich
- Magnesium Elektron
- Auer Guss GmbH
- TyTek Industries
- TCDC
- JPM Group
- TCDC
- AmTech International
- Skyrock
- Pace Industries
- The Lite Metals
- Faw Foundry
- Pace Industries
Highlights of The Magnesium Casting Industry 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:
- Magnesium die-casting
- Magnesium sand-casting
- By Application:
- Automobiles
- Electronics
- Appliances
- Hand tools
- Military area
- Aerospace field
- 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 Magnesium Casting Industry 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 casting industry is a manufacturing process that uses molten magnesium to create objects from metal. Magnesium is poured into molds and then heated until it liquefies, which creates the object.
Some of the major players in the magnesium casting industry market are Buhler AG, Dynacast International, Thompson Aluminum Casting Company (TAC), Chicago Magnesium Casting Company, Hettich, Magnesium Elektron, Auer Guss GmbH, TyTek Industries, TCDC, JPM Group, TCDC, AmTech International, Skyrock, Pace Industries, The Lite Metals, Faw Foundry, Pace Industries.
The magnesium casting industry market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnesium Casting Industry 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 Casting Industry Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnesium Casting Industry Market - Supply Chain
4.5. Global Magnesium Casting Industry Market Forecast
4.5.1. Magnesium Casting Industry Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnesium Casting Industry Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnesium Casting Industry Market Absolute $ Opportunity
5. Global Magnesium Casting Industry 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 Casting Industry Market Size and Volume Forecast by Type
5.3.1. Magnesium die-casting
5.3.2. Magnesium sand-casting
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnesium Casting Industry 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 Casting Industry Market Size and Volume Forecast by Application
6.3.1. Automobiles
6.3.2. Electronics
6.3.3. Appliances
6.3.4. Hand tools
6.3.5. Military area
6.3.6. Aerospace field
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnesium Casting Industry 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 Casting Industry 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 Casting Industry 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 Casting Industry 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 Casting Industry Demand Share Forecast, 2019-2026
9. North America Magnesium Casting Industry 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 Casting Industry 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 Casting Industry Market Size and Volume Forecast by Application
9.4.1. Automobiles
9.4.2. Electronics
9.4.3. Appliances
9.4.4. Hand tools
9.4.5. Military area
9.4.6. Aerospace field
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnesium Casting Industry Market Size and Volume Forecast by Type
9.7.1. Magnesium die-casting
9.7.2. Magnesium sand-casting
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 Casting Industry Demand Share Forecast, 2019-2026
10. Latin America Magnesium Casting Industry 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 Casting Industry 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 Casting Industry Market Size and Volume Forecast by Application
10.4.1. Automobiles
10.4.2. Electronics
10.4.3. Appliances
10.4.4. Hand tools
10.4.5. Military area
10.4.6. Aerospace field
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnesium Casting Industry Market Size and Volume Forecast by Type
10.7.1. Magnesium die-casting
10.7.2. Magnesium sand-casting
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 Casting Industry Demand Share Forecast, 2019-2026
11. Europe Magnesium Casting Industry 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 Casting Industry 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 Casting Industry Market Size and Volume Forecast by Application
11.4.1. Automobiles
11.4.2. Electronics
11.4.3. Appliances
11.4.4. Hand tools
11.4.5. Military area
11.4.6. Aerospace field
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnesium Casting Industry Market Size and Volume Forecast by Type
11.7.1. Magnesium die-casting
11.7.2. Magnesium sand-casting
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 Casting Industry Demand Share, 2019-2026
12. Asia Pacific Magnesium Casting Industry 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 Casting Industry 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 Casting Industry Market Size and Volume Forecast by Application
12.4.1. Automobiles
12.4.2. Electronics
12.4.3. Appliances
12.4.4. Hand tools
12.4.5. Military area
12.4.6. Aerospace field
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnesium Casting Industry Market Size and Volume Forecast by Type
12.7.1. Magnesium die-casting
12.7.2. Magnesium sand-casting
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 Casting Industry Demand Share, 2019-2026
13. Middle East & Africa Magnesium Casting Industry 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 Casting Industry 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 Casting Industry Market Size and Volume Forecast by Application
13.4.1. Automobiles
13.4.2. Electronics
13.4.3. Appliances
13.4.4. Hand tools
13.4.5. Military area
13.4.6. Aerospace field
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnesium Casting Industry Market Size and Volume Forecast by Type
13.7.1. Magnesium die-casting
13.7.2. Magnesium sand-casting
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 Casting Industry Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnesium Casting Industry Market: Market Share Analysis
14.2. Magnesium Casting Industry Distributors and Customers
14.3. Magnesium Casting Industry Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Buhler AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dynacast International
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Thompson Aluminum Casting Company (TAC)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chicago Magnesium Casting Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hettich
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Magnesium Elektron
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Auer Guss GmbH
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. TyTek Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TCDC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. JPM Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TCDC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. AmTech International
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Skyrock
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Pace Industries
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. The Lite Metals
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Faw Foundry
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Pace Industries
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
