Global Magnesium Alloys Market is Expected to Reach a Value of USD 2.10 Billion by 2025

Magnesium Alloys Market is forecast to grow at a CAGR of 6.3% for the forecast period of 2018 to 2025 to an estimated value of USD 2.10 billion by 2025, from USD 1.32 billion in 2017 due to accelerating usage of magnesium alloys in the automotive industry which is adding thrust to the growth of the market.

The impending use of magnesium alloys in the medical, biomedical and aerospace & defense industries will further boost various new opportunities that will fuel the growth of the magnesium alloys market in the above mentioned forecast period.

Magnesium Alloys Market Scenario

According to Data Bridge Market Research the magnesium alloys market in developing regions is witnessing a growth in terms of its adoption rate, due to the advantages of magnesium alloys over other alloys. Some of the factors such as fluctuating prices of magnesium and issues related to weld ability and corrosion resistance will limit the growth of magnesium alloys market in the forecast period of 2018 to 2025.

Now the question is which are the regions that magnesium alloys market players should target? Data Bridge Market Research has forecasted large growth in Asia-Pacific owing to rising demand for magnesium alloys from the powertrain, cellphones, computers, body structure and consumer electronics applications in China and South Korea.

For more analysis on the magnesium alloys market, request for a briefing with our analysts

Magnesium Alloys Market Scope

Magnesium alloys market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa.

  • All country based analysis of the magnesium alloys market is further analyzed based on maximum granularity into further segmentation. Based on alloy type of product, the magnesium alloys market is segmented into cast alloy and wrought alloy. On the basis of end users industry, the magnesium alloys market is segmented into automotive & transportation, electronic, aerospace & defence, power tools and others.
  • Magnesium alloys are used as alternatives to iron and aluminum metals for weight diminution and to enhance tensile potency of the material. These alloys have exceptional deterioration defiant property and are significantly light in weight and have their broad range of applications such as portable electronic devices, computer parts, automobile parts and portable telephones. 

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Key Pointers Covered in the Magnesium Alloys Market Industry Trends and Forecast to 2025

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Magnesium Elektron
  • KA Shui International Holdings Ltd
  • Magontec
  • S. Magnesium
  • Nanjing Yunhai Special Metals Co. Ltd.
  • Meridian Lightweight Technologies
  • Amacor
  • Shanghai Regal Magnesium Limited Company
  • Shanxi Yinguang Huasheng Magnesium
  • Shanxi Credit Magnesium Co. Ltd
  • Dynacast
  • Shanxi Fugu Tianyu Mineral Industry
  • Posco
  • China Magnesium Corporation Limited
  • Dead Sea Magnesium
  • Spartan Light Metal Products
  • Smiths Advanced Metals
  • Rima Group
  • Yee Dongguan Science and Technology Co. Ltd
  • Taiyuan Tongxiang Magnesium Co. Ltd 

Above are the key players covered in the report, to know about more and exhaustive list of magnesium alloys companies, contact us

Research Methodology of Global Magnesium Alloys Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecast using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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