16:41 | 26.11.2020
Global Magnesium Alloy Market (2020 to 2025) – Growth, Trends, and Forecasts –

The “Magnesium Alloy Market – Growth, Trends, and Forecasts (2020 – 2025)” report has been added to’s offering.

The magnesium alloy market is expected to register a CAGR of approximately 4%, globally, during the forecast period.
Companies Mentioned
Magontec Industry Ltd

Nanjing Welbow Metals Co. Ltd (RSM)

Shanghai Regal Magnesium Limited Company

Hydro Magnesium

Dead Sea Magnesium Ltd

US Magnesium LLC

Salzgitter Magnesium-Technologie GmbH

Ka Shui International Holdings Ltd

Jinwantong Magnesium Industry Co. Ltd

Smiths Advanced Metals

Rima Group

Advanced Magnesium Alloys Corporation (AMACOR)

Nippon Kinzoku
Key Market Trends Increasing Demand from the Automotive Manufacturing Industries
The applications of magnesium alloys offer various benefits. They are employed in the engine block and wheels production, which, in turn, supports weight reduction, especially for sports cars.

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.
Asia Pacific is Expected to Dominate the Market Studied
Asia-Pacific is expected to dominate the global market, owing to the highly developed automotive sector in China, coupled with the developing production of aerospace components in recent years.

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.
Key Topics Covered: 1 INTRODUCTION
1.1 Study Assumptions

1.2 Scope of the Study
4.1 Drivers

4.1.1 Growing Need for Weight Reduction

4.1.2 Increasing Demand for Castings in Electronic Applications

4.2 Restraints

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 By Type

5.1.1 Cast Alloys

5.1.2 Wrought Alloys

5.2 By End User

5.2.1 Aerospace

5.2.2 Automotive

5.2.3 Medical

5.2.4 Electronics

5.2.5 Sports

5.2.6 Other End Users

5.3 By Geography

5.3.1 Asia Pacific China India Japan South Korea Rest of Asia Pacific

5.3.2 North America United States Canada Mexico

5.3.3 Europe Germany United Kingdom Italy France Russia Rest of Europe

5.3.4 South America Brazil Argentina Rest of South America

5.3.5 Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share (%)/Ranking Analysis**

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles
7.1 Increasing Demand from Engineering Light Weight Applications

7.2 Other Opportunities

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