16:41 | 26.11.2020
Global Magnesium Alloy Market (2020 to 2025) – Growth, Trends, and Forecasts – ResearchAndMarkets.com
The “Magnesium Alloy Market – Growth, Trends, and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.
The magnesium alloy market is expected to register a CAGR of approximately 4%, globally, during the forecast period.
Nanjing Welbow Metals Co. Ltd (RSM)
Shanghai Regal Magnesium Limited Company
Dead Sea Magnesium Ltd
US Magnesium LLC
Salzgitter Magnesium-Technologie GmbH
Ka Shui International Holdings Ltd
Jinwantong Magnesium Industry Co. Ltd
Smiths Advanced Metals
Advanced Magnesium Alloys Corporation (AMACOR)
Automotive manufacturers have been using magnesium alloys in production to reduce weight, thereby, increasing the fuel efficiency and performance of automobiles. Magnesium alloys are preferred in engine blocks, as they are resistant to higher temperatures.
Many large automotive manufacturers, like Audi, Mercedes-Benz, Ford, Jaguar, Fiat, and Kia Motors Corporation, have already replaced steel and aluminum with magnesium alloys in their vehicles.
Magnesium alloys possess excellent impact resistance, and they absorb shocks and vibrations while traveling, in turn, providing a subtle and comfortable drive to the consumers. Magnesium alloys are also eco-friendly, as these alloys are recyclable.
Magnesium alloys have been increasingly used in the electronics industry, owing to the huge electronic production bases in China, Taiwan, and South Korea, for the production of cameras, cell phones, laptops, and portable media devices.
According to the US International Trade Commission, China leads the market and exports a large quantity of magnesium alloys to Europe and North America, because of the large number of magnesium alloy manufacturing industries in the country.
Moreover, the growth of various manufacturing industries in China, India, and other ASEAN countries is expected to support the demand for magnesium alloys in the future.
1.2 Scope of the Study
4.1.1 Growing Need for Weight Reduction
4.1.2 Increasing Demand for Castings in Electronic Applications
4.2.1 Competition from Substitutes
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1.1 Cast Alloys
5.1.2 Wrought Alloys
5.2 By End User
5.2.6 Other End Users
5.3 By Geography
5.3.1 Asia Pacific
188.8.131.52 South Korea
184.108.40.206 Rest of Asia Pacific
5.3.2 North America
220.127.116.11 United States
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
5.3.4 South America
126.96.36.199 Rest of South America
5.3.5 Middle-East and Africa
188.8.131.52 Saudi Arabia
184.108.40.206 South Africa
220.127.116.11 Rest of Middle-East and Africa
6.2 Market Share (%)/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7.2 Other Opportunities
For more information about this report visit https://www.researchandmarkets.com/r/bqfc08
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