Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Magnesium-Lithium Alloy Market by Type (High Purity, Low Purity), By Application (Aerospace, Automotive, Energy Storage & Batteries, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Magnesium-Lithium Alloy Market by Type (High Purity, Low Purity), By Application (Aerospace, Automotive, Energy Storage & Batteries, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 130718 3300 Chemical & Material 377 233 Pages 4.9 (32)

Market Overview:

The global magnesium-lithium alloy market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for magnesium-lithium alloys in various applications such as aerospace, automotive, energy storage & batteries, and others. In addition, the growing demand for lightweight materials in the automotive and aerospace industries is also propelling the growth of this market. However, volatility in prices of raw materials used in manufacturing magnesium-lithium alloys may restrain the growth of this market to some extent.

Global Magnesium-Lithium Alloy Industry Outlook

Product Definition:

A magnesium-lithium alloy is a metal alloy made of magnesium and lithium. Magnesium-lithium alloys are important because they are lightweight and have high strength.

High Purity:

High purity is a term used to define materials or substances that have been purified to the highest degree technically possible. In the magnesium-lithium alloy market, high purity generally means greater than 99.95%. However, there are no industry standards for defining “high purity” and therefore it varies with each manufacturer/supplier.

Low Purity:

Magnesium-lithium alloys are used in a variety of applications including rechargeable batteries. The alloy consists of magnesium and lithium along with other metals such as aluminum, copper, iron, manganese and potassium. It has low specific gravity (1.8) which makes it light weight and easy to handle during the manufacturing process.

Application Insights:

Magnesium-lithium alloys have a wide range of applications in various industries including automotive, aerospace and defense. In the automotive industry, magnesium-lithium alloys are used for manufacturing lightweight components as they reduce the weight of electric vehicles. The use of magnesium-lithium alloy reduces CO2 emissions by around 40% when compared to other materials used in vehicle manufacturing such as aluminum and steel.

The product is also expected to witness significant demand from the energy storage & batterylife application segment owing to its high energy density properties coupled with low self discharge rates which makes it suitable for long duration storage without maintenance costs or charger fees.

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 71.1% in 2017, which can be attributed to growing automotive production and lithium-ion battery demand. China is projected to remain a key consumer owing to increasing magnesium content per vehicle as well as per cell of lithium batteries required by Chinese consumers for their electronic devices such as laptops and mobile phones.

Growth Factors:

  • Increasing demand for lightweight and high-performance materials in automotive and aerospace industries
  • Growing popularity of magnesium-lithium alloys in electric vehicles due to their high specific energy density
  • Rising demand for magnesium-lithium alloys from the defense sector for manufacturing lightweight armor plates and other military equipment
  • Increasing use of magnesium-lithium alloys in construction and architecture due to their superior strength-to weight ratio
  • Growing research & development activities by key players to develop new applications of magnesium-lithium alloy

Scope Of The Report

Report Attributes

Report Details

Report Title

Magnesium-Lithium Alloy Market Research Report

By Type

High Purity, Low Purity

By Application

Aerospace, Automotive, Energy Storage & Batteries, Others

By Companies

KUMZ, FMC, TRU, KASATANI CO., LTD, Jiangxi Ganfeng Lithium, China Energy Lithium, Wuxi Sunenergy Lithium Industrial, American Elements, AmLi Materials Technology Co. LTD, Nano Materials, SANTOKU CORPORATION

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-Lithium Alloy Market Report Segments:

The global Magnesium-Lithium Alloy market is segmented on the basis of:


High Purity, Low Purity

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.


Aerospace, Automotive, Energy Storage & Batteries, 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:

  1. KUMZ
  2. FMC
  3. TRU
  5. Jiangxi Ganfeng Lithium
  6. China Energy Lithium
  7. Wuxi Sunenergy Lithium Industrial
  8. American Elements
  9. AmLi Materials Technology Co. LTD
  10. Nano Materials

Global Magnesium-Lithium Alloy Market Overview

Highlights of The Magnesium-Lithium Alloy 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. High Purity
    2. Low Purity
  1. By Application:

    1. Aerospace
    2. Automotive
    3. Energy Storage & Batteries
    4. Others
  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-Lithium 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

Global Magnesium-Lithium Alloy 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-Lithium Alloy is a type of alloy that is made up of magnesium and lithium. This alloy can be used in a variety of applications, including aerospace, automotive, and medical devices. Magnesium-Lithium Alloy is strong and lightweight, making it an ideal material for these applications.

Some of the key players operating in the magnesium-lithium alloy market are KUMZ, FMC, TRU, KASATANI CO., LTD, Jiangxi Ganfeng Lithium, China Energy Lithium, Wuxi Sunenergy Lithium Industrial, American Elements, AmLi Materials Technology Co. LTD, Nano Materials, SANTOKU CORPORATION.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Magnesium-Lithium 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-Lithium 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-Lithium Alloy Market - Supply Chain
   4.5. Global Magnesium-Lithium Alloy Market Forecast
      4.5.1. Magnesium-Lithium Alloy Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Magnesium-Lithium Alloy Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Magnesium-Lithium Alloy Market Absolute $ Opportunity

5. Global Magnesium-Lithium 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-Lithium Alloy Market Size and Volume Forecast by Type
      5.3.1. High Purity
      5.3.2. Low Purity
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Magnesium-Lithium 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-Lithium Alloy Market Size and Volume Forecast by Application
      6.3.1. Aerospace
      6.3.2. Automotive
      6.3.3. Energy Storage & Batteries
      6.3.4. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Magnesium-Lithium 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-Lithium 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-Lithium 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-Lithium 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-Lithium Alloy Demand Share Forecast, 2019-2029

9. North America Magnesium-Lithium 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-Lithium 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-Lithium Alloy Market Size and Volume Forecast by Application
      9.4.1. Aerospace
      9.4.2. Automotive
      9.4.3. Energy Storage & Batteries
      9.4.4. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Magnesium-Lithium Alloy Market Size and Volume Forecast by Type
      9.7.1. High Purity
      9.7.2. Low Purity
   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-Lithium Alloy Demand Share Forecast, 2019-2029

10. Latin America Magnesium-Lithium 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-Lithium 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-Lithium Alloy Market Size and Volume Forecast by Application
      10.4.1. Aerospace
      10.4.2. Automotive
      10.4.3. Energy Storage & Batteries
      10.4.4. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Magnesium-Lithium Alloy Market Size and Volume Forecast by Type
      10.7.1. High Purity
      10.7.2. Low Purity
   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-Lithium Alloy Demand Share Forecast, 2019-2029

11. Europe Magnesium-Lithium 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-Lithium 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-Lithium Alloy Market Size and Volume Forecast by Application
      11.4.1. Aerospace
      11.4.2. Automotive
      11.4.3. Energy Storage & Batteries
      11.4.4. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Magnesium-Lithium Alloy Market Size and Volume Forecast by Type
      11.7.1. High Purity
      11.7.2. Low Purity
   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-Lithium Alloy Demand Share, 2019-2029

12. Asia Pacific Magnesium-Lithium 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-Lithium 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-Lithium Alloy Market Size and Volume Forecast by Application
      12.4.1. Aerospace
      12.4.2. Automotive
      12.4.3. Energy Storage & Batteries
      12.4.4. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Magnesium-Lithium Alloy Market Size and Volume Forecast by Type
      12.7.1. High Purity
      12.7.2. Low Purity
   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-Lithium Alloy Demand Share, 2019-2029

13. Middle East & Africa Magnesium-Lithium 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-Lithium 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-Lithium Alloy Market Size and Volume Forecast by Application
      13.4.1. Aerospace
      13.4.2. Automotive
      13.4.3. Energy Storage & Batteries
      13.4.4. 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-Lithium Alloy Market Size and Volume Forecast by Type
      13.7.1. High Purity
      13.7.2. Low Purity
   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-Lithium Alloy Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Magnesium-Lithium Alloy Market: Market Share Analysis
   14.2. Magnesium-Lithium Alloy Distributors and Customers
   14.3. Magnesium-Lithium Alloy Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. KUMZ Overview Financials Developments Strategic Outlook
      14.4.2. FMC Overview Financials Developments Strategic Outlook
      14.4.3. TRU Overview Financials Developments Strategic Outlook
      14.4.4. KASATANI CO., LTD Overview Financials Developments Strategic Outlook
      14.4.5. Jiangxi Ganfeng Lithium Overview Financials Developments Strategic Outlook
      14.4.6. China Energy Lithium Overview Financials Developments Strategic Outlook
      14.4.7. Wuxi Sunenergy Lithium Industrial Overview Financials Developments Strategic Outlook
      14.4.8. American Elements Overview Financials Developments Strategic Outlook
      14.4.9. AmLi Materials Technology Co. LTD Overview Financials Developments Strategic Outlook
      14.4.10. Nano Materials Overview Financials Developments Strategic Outlook
      14.4.11. SANTOKU CORPORATION 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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