Market Overview:
The global magnesium 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 from various end-use industries, such as aerospace, automotive, electronics, packaging and printing. In terms of volume, Asia Pacific is expected to lead the global magnesium market during the forecast period owing to high demand from countries such as China and Japan. North America is expected to be second largest region in terms of volume consumption followed by Europe and Latin America respectively.
Product Definition:
A light, silvery-white metal that burns with a brilliant white flame. Magnesium is used to make fireworks, flares, and other pyrotechnic devices. It is also used in metallurgy to make alloys with aluminum and manganese.
Content of metal magnesium: Above 95%:
Magnesium is a chemical element that can be found in the earth's crust. It has a silvery-white color and is usually found in combination with other metals such as zinc, iron, or copper.
Content of metal magnesium: Below 95%:
Magnesium metal is used in various applications such as pharmaceuticals, chemicals, food additives and nutritional supplements. It has a wide range of industrial applications including production of alloys and casting equipment. The content below 95% is considered to be the filler material which will remain after magnesium has been extracted from the ore during processing. The amount of filler material can vary depending on the grade or type that needs to be produced for a particular application.
Application Insights:
Automotive was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The rising demand for lightweight magnesium products in automotive applications, such as body structure, hoods, doors and fuel tanks is expected to drive industry growth over the coming years.
Metal magnesium has a high strength-to-weight ratio which makes it suitable for use in aerospace components including primary wing spars, leading and trailing edge panels of aircraft fuselage along with other components. It is also used as an alloy material in manufacturing space vehicles by companies like SpaceX.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to witness significant growth over the forecast period. The region accounted for a volume share of over 45% in 2017 and is projected to register at a CAGR of XX% from 2018 to 2030, owing to increasing automotive production across key markets including China, India, Japan and South Korea. In addition, rising metal consumption for manufacturing various components such as engine blocks, gear boxes is anticipated to drive the demand for magnesium in this region.
Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for lightweight alloys to improve fuel efficiency and reduce emissions.
- Growing popularity of magnesium-based alloys in medical implants and prostheses due to their biocompatibility.
- Rising demand for magnesium-based die casting alloys in consumer electronics due to their superior heat dissipation properties.
- Increasing use of magnesium metal in construction applications as a replacement for traditional materials such as steel and aluminum.
- Growing awareness about the benefits of using magnesium metal among consumers and businesses alike, which is likely to spur its adoption over other metals
Scope Of The Report
Report Attributes
Report Details
Report Title
Metal Magnesium Market Research Report
By Type
Content of metal magnesium: Above 95%, Content of metal magnesium: Below 95%
By Application
Aerospace, Automotive, Electronics, Packaging, Printing, Other
By Companies
US Magnesium, International Magnesium, China Magnesium, Tongxiang Magnesium, Yinguang Magnesium, Huiye Magnesium, Taiyuan Yiwei Magnesium, Shanxi Bada Magnesium, Yulin Wanyuan Magnesium, Nanjing Yunhai, Shanxi Jinxing, Shanxi Credit, Shenmu Dongfeng Magnesium, Shengxin Magnesium, Jinchuan Magnesium
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Metal Magnesium Market Report Segments:
The global Metal Magnesium market is segmented on the basis of:
Types
Content of metal magnesium: Above 95%, Content of metal magnesium: Below 95%
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
Aerospace, Automotive, Electronics, Packaging, Printing, 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:
- US Magnesium
- International Magnesium
- China Magnesium
- Tongxiang Magnesium
- Yinguang Magnesium
- Huiye Magnesium
- Taiyuan Yiwei Magnesium
- Shanxi Bada Magnesium
- Yulin Wanyuan Magnesium
- Nanjing Yunhai
- Shanxi Jinxing
- Shanxi Credit
- Shenmu Dongfeng Magnesium
- Shengxin Magnesium
- Jinchuan Magnesium
Highlights of The Metal Magnesium 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:
- Content of metal magnesium: Above 95%
- Content of metal magnesium: Below 95%
- By Application:
- Aerospace
- Automotive
- Electronics
- Packaging
- Printing
- 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 Metal Magnesium 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?
Metal magnesium is a type of metal that is made up of two parts, magnesium and metal. Magnesium is the main component and it makes up about 69% to 73% of the metal. The other part is usually iron or another element, which makes up the remaining 27%.
Some of the key players operating in the metal magnesium market are US Magnesium, International Magnesium, China Magnesium, Tongxiang Magnesium, Yinguang Magnesium, Huiye Magnesium, Taiyuan Yiwei Magnesium, Shanxi Bada Magnesium, Yulin Wanyuan Magnesium, Nanjing Yunhai, Shanxi Jinxing, Shanxi Credit, Shenmu Dongfeng Magnesium, Shengxin Magnesium, Jinchuan Magnesium.
The metal magnesium market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Metal Magnesium 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. Metal Magnesium Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Metal Magnesium Market - Supply Chain
4.5. Global Metal Magnesium Market Forecast
4.5.1. Metal Magnesium Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Metal Magnesium Market Size (000 Units) and Y-o-Y Growth
4.5.3. Metal Magnesium Market Absolute $ Opportunity
5. Global Metal Magnesium 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. Metal Magnesium Market Size and Volume Forecast by Type
5.3.1. Content of metal magnesium: Above 95%
5.3.2. Content of metal magnesium: Below 95%
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Metal Magnesium 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. Metal Magnesium Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Automotive
6.3.3. Electronics
6.3.4. Packaging
6.3.5. Printing
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Metal Magnesium 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. Metal Magnesium 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 Metal Magnesium 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. Metal Magnesium 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 Metal Magnesium Demand Share Forecast, 2019-2026
9. North America Metal Magnesium 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 Metal Magnesium 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 Metal Magnesium Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Automotive
9.4.3. Electronics
9.4.4. Packaging
9.4.5. Printing
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Metal Magnesium Market Size and Volume Forecast by Type
9.7.1. Content of metal magnesium: Above 95%
9.7.2. Content of metal magnesium: Below 95%
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 Metal Magnesium Demand Share Forecast, 2019-2026
10. Latin America Metal Magnesium 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 Metal Magnesium 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 Metal Magnesium Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Automotive
10.4.3. Electronics
10.4.4. Packaging
10.4.5. Printing
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Metal Magnesium Market Size and Volume Forecast by Type
10.7.1. Content of metal magnesium: Above 95%
10.7.2. Content of metal magnesium: Below 95%
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 Metal Magnesium Demand Share Forecast, 2019-2026
11. Europe Metal Magnesium 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 Metal Magnesium 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 Metal Magnesium Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Automotive
11.4.3. Electronics
11.4.4. Packaging
11.4.5. Printing
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Metal Magnesium Market Size and Volume Forecast by Type
11.7.1. Content of metal magnesium: Above 95%
11.7.2. Content of metal magnesium: Below 95%
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Tpe
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 Metal Magnesium Demand Share, 2019-2026
12. Asia Pacific Metal Magnesium 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 Metal Magnesium 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 Metal Magnesium Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Automotive
12.4.3. Electronics
12.4.4. Packaging
12.4.5. Printing
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Metal Magnesium Market Size and Volume Forecast by Type
12.7.1. Content of metal magnesium: Above 95%
12.7.2. Content of metal magnesium: Below 95%
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 Metal Magnesium Demand Share, 2019-2026
13. Middle East & Africa Metal Magnesium 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 Metal Magnesium 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 Metal Magnesium Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Automotive
13.4.3. Electronics
13.4.4. Packaging
13.4.5. Printing
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Metal Magnesium Market Size and Volume Forecast by Type
13.7.1. Content of metal magnesium: Above 95%
13.7.2. Content of metal magnesium: Below 95%
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 Metal Magnesium Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Metal Magnesium Market: Market Share Analysis
14.2. Metal Magnesium Distributors and Customers
14.3. Metal Magnesium Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. US Magnesium
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. International Magnesium
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. China 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. Tongxiang Magnesium
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Yinguang 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. Huiye 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. Taiyuan Yiwei 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. Shanxi Bada Magnesium
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yulin Wanyuan Magnesium
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nanjing Yunhai
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shanxi Jinxing
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shanxi Credit
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shenmu Dongfeng Magnesium
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shengxin Magnesium
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Jinchuan Magnesium
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
