Middle East & Africa Magnesium Alloys Market to 2032
Overview
The Middle East & Africa Magnesium Alloys Market is expected to reach a 0.15 USD Million by 2032 and is projected to grow at a CAGR of 5.33% from 2025 to 2032.
Revenue, 2024 (USD Million)
0.11
Forecast, 2032 (USD Million)
0.15
CAGR, 2024 - 2032
5.33%
Report Coverage
Middle East & Africa
Middle East & Africa Magnesium Alloys Market 2018-2032 USD Million
Middle East & Africa Magnesium Alloys Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 0.11 USD Million
- Projected Market Size (2032): 0.15 USD Million
- CAGR (2025-2032): 5.33%
Key Findings of Middle East & Africa Magnesium Alloys Market
- The Middle East & Africa Magnesium Alloys Market was valued at 0.11 USD Million in 2024.
- The Middle East & Africa Magnesium Alloys Market is likely to grow at a CAGR of 5.33% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Cast Alloy in Product Type Segment accounted for the largest share of the market with a revenue of 0.08 USD Million
- The fastest growing segment Automotive & Transportation in Application Segment grew Fastest with a CAGR of 5.69% during the forecast period from 2024 to 2032.
Middle East & Africa Magnesium Alloys Market Scope
Middle East & Africa Magnesium Alloys Market Segmentation & Scope
Application
- Power Tools
- Others
- Electronics
- Aerospace & Defense
- Automotive & Transportation
Product Type
- Wrought Alloy
- Cast Alloy
Middle East & Africa Magnesium Alloys Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 0.11 USD Million |
| Market Value in 2032 | 0.15 USD Million |
| CAGR (2025-2032) | 5.33% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Product Type |
Regional Insights:
-
Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 0.11 USD Million in 2024
- Key Country: UAE, leading in terms of revenue with value of 0.03 USD Million in 2024.
Segments and Scope
-
Middle East & Africa Magnesium Alloys Market to 2032, By Application
- Automotive & Transportation is the largest segment in Middle East & Africa Magnesium Alloys Market to 2032 with a revenue of 0.04 USD Million in the year 2024.
- Automotive & Transportation is the Fastest growing segment in Middle East & Africa Magnesium Alloys Market to 2032 with a Growth rate of 5.69 % in forecast period 2025-2032.
-
Middle East & Africa Magnesium Alloys Market to 2032, By Product Type
- Cast Alloy is the largest segment in Middle East & Africa Magnesium Alloys Market to 2032 with a revenue of 0.08 USD Million in the year 2024.
- Cast Alloy is the Fastest growing segment in Middle East & Africa Magnesium Alloys Market to 2032 with a Growth rate of 5.45 % in forecast period 2025-2032.
Middle East & Africa Magnesium Alloys Market Company Share Analysis
| Company Name |
|
||
| Namoalloy | |||
| Luxfer MEL Technologies | |||
| Magontec | |||
| Mag Specialties Inc. | |||
| US Magnesium LLC | |||
Middle East & Africa Magnesium Alloys Market Geographical Sales Distribution, 2018-2032 USD Million
Middle East & Africa Magnesium Alloys Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Middle East & Africa Magnesium Alloys Market is segmented based on Segmentation Application,Product Type.
Middle East & Africa Magnesium Alloys Market was valued at USD 0.11(Revenue in USD Million) in 2021.
Middle East & Africa Magnesium Alloys Market is projected to grow at a CAGR of 5.33% during the forecast period of 2024 to 2032.
The Cast Alloy segment is expected to dominate the Middle East & Africa Magnesium Alloys Market, holding a largest market share of 0.08 USD Million in 2024
Middle East & Africa Magnesium Alloys Market Scope
Middle East & Africa Magnesium Alloys Market Segmentation & Scope
Application
- Power Tools
- Others
- Electronics
- Aerospace & Defense
- Automotive & Transportation
Product Type
- Wrought Alloy
- Cast Alloy
Frequently Asked Questions
The Middle East & Africa Magnesium Alloys Market is segmented based on Segmentation Application,Product Type.
Middle East & Africa Magnesium Alloys Market was valued at USD 0.11(Revenue in USD Million) in 2021.
Middle East & Africa Magnesium Alloys Market is projected to grow at a CAGR of 5.33% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Magnesium Alloys Market for final year is USD 0.15 (USD Million).
Middle East & Africa Magnesium Alloys Market Company Profiling
Frequently Asked Questions
The Middle East & Africa Magnesium Alloys Market is segmented based on Segmentation Application,Product Type.
Middle East & Africa Magnesium Alloys Market was valued at USD 0.11(Revenue in USD Million) in 2021.
Middle East & Africa Magnesium Alloys Market is projected to grow at a CAGR of 5.33% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Magnesium Alloys Market for final year is USD 0.15 (USD Million).
CHOOSE LICENCE TYPE
- 4200.00
- 3500.00
- 2000.00
- 5500.00
- 8500.00
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.