Global magnesium alloys market is projected to register a 4.7% CAGR in the forecast period 2022 to 2029. The new market report contains data for the historic year 2020, the base year of calculation is 2021, and the forecast period is 2022 to 2029.
Market Segmentation:
Global Magnesium Alloys Market, By Product (Cast Alloy and Wrought Alloy), Application (Automotive & Transportation, Aerospace & Defense, Electronics, Power Tools, and Others), Country (U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Luxemburg, Rest of Europe. Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, New Zealand, Rest of Asia-Pacific, Brazil, Argentina, and the Rest of South America, South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, and Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Some of the major factors contributing to the growth of the market:
The growing use of magnesium alloys in automotive industry
Rising popularity of magnesium alloys in artificial human implants and medical devices
Market Players:
The key market players in global magnesium alloys market are listed below:
Luxfer MEL Technologies
Shandong Feixian County Yinguang Magnesium Industry Co. Ltd.
regal-mg
US Magnesium LLC
Namoalloy
Dead sea Magnesium, DSM
Amacor
Dynacast
RIMA INDUSTRIAL
Mag Specialties Inc.
MAGONTEC Limited
Nanjing Yunhai Special Metal Co., Ltd
TABLE OF CONTENTS
1 INTRODUCTION 36
- 1.1 OBJECTIVES OF THE STUDY 36
- 1.2 MARKET DEFINITION 36
- 1.3 OVERVIEW OF THE GLOBAL MAGNESIUM ALLOYS MARKET 36
- 1.4 LIMITATIONS 37
- 1.5 MARKETS COVERED 37
2 MARKET SEGMENTATION 40
- 2.1 MARKETS COVERED 40
- 2.2 GEOGRAPHICAL SCOPE 41
- 2.3 YEARS CONSIDERED FOR THE STUDY 42
- 2.4 CURRENCY AND PRICING 42
- 2.5 DBMR TRIPOD DATA VALIDATION MODEL 43
- 2.6 PRODUCT LIFE LINE CURVE 46
- 2.7 MULTIVARIATE MODELING 47
- 2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 48
- 2.9 DBMR MARKET POSITION GRID 49
- 2.10 MARKET APPLICATION COVERAGE GRID 50
- 2.11 DBMR MARKET CHALLENGE MATRIX 51
- 2.12 DBMR VENDOR SHARE ANALYSIS 52
- 2.13 IMPORT-EXPORT DATA 53
- 2.14 SECONDARY SOURCES 54
- 2.15 ASSUMPTIONS 55
3 EXECUTIVE SUMMARY 56
4 PREMIUM INSIGHTS 59
- 4.1 CLIMATE CHANGE SCENARIO 61
- 4.1.1 ENVIRONMENTAL CONCERNS 61
- 4.1.2 INDUSTRY RESPONSE 61
- 4.1.3 GOVERNMENT'S ROLE 61
- 4.1.4 ANALYST RECOMMENDATION 61
- 4.2 IMPORT EXPORT SCENARIO 62
- 4.3 PESTLE ANALYSIS 63
- 4.3.1 POLITICAL FACTORS 63
- 4.3.2 ECONOMIC FACTORS 63
- 4.3.3 SOCIAL FACTORS 64
- 4.3.4 TECHNOLOGICAL FACTORS 64
- 4.3.5 LEGAL FACTORS 64
- 4.3.6 ENVIRONMENTAL FACTORS 64
- 4.4 PORTER'S FIVE FORCES: 65
- 4.4.1 THE THREAT OF NEW ENTRANTS: 65
- 4.4.2 THREAT OF SUBSTITUTES: 65
- 4.4.3 CUSTOMER BARGAINING POWER: 66
- 4.4.4 SUPPLIER BARGAINING POWER: 66
- 4.4.5 INTERNAL COMPETITION (RIVALRY): 66
- 4.5 PRODUCTION CONSUMPTION ANALYSIS 67
- 4.6 RAW MATERIAL COVERAGE 69
- 4.7 SUPPLY CHAIN ANALYSIS 70
- 4.7.1 OVERVIEW 70
- 4.7.2 LOGISTIC COST SCENARIO 70
- 4.7.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 71
- 4.8 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS 72
- 4.9 VENDOR SELECTION CRITERIA 73
- 4.10 REGULATORY COVERAGE 74
5 PRODUCTION CAPACITY OUTLOOK 79
6 MARKET OVERVIEW 80
- 6.1 DRIVERS 82
- 6.1.1 THE GROWING USE OF MAGNESIUM ALLOYS IN THE AUTOMOTIVE INDUSTRY 82
- 6.1.2 RISING POPULARITY OF MAGNESIUM ALLOYS IN ARTIFICIAL HUMAN IMPLANTS AND MEDICAL DEVICES 83
- 6.1.3 INCREASING APPLICATIONS OF THE MATERIAL IN AEROSPACE AND DEFENSE INDUSTRIES 83
- 6.1.4 RISING USES AS A REPLACEMENT OF PLASTICS IN ELECTRONIC APPLICATIONS 84
- 6.2 RESTRAINTS 85
- 6.2.1 FLUCTUATING MAGNESIUM PRICES 85
- 6.2.2 ISSUES ASSOCIATED WITH CORROSION AND WELDING OF MAGNESIUM ALLOYS 85
- 6.2.3 ENGINEERING BARRIERS SUCH AS FORMABILITY AT ROOM TEMPERATURE AND DIFFICULTY FORGING 86
- 6.3 OPPORTUNITIES 86
- 6.3.1 INTRODUCTION OF NEW PROCESSES SUCH AS THIXOMOLDING AND NEW RHEOCASTING 86
- 6.3.2 RECYCLABLE NATURE OF MAGNESIUM ALLOYS 87
- 6.3.3 HIGH ABUNDANCE OF MAGNESIUM ELEMENTS ACROSS THE GLOBE 88
- 6.4 CHALLENGES 88
- 6.4.1 VARIOUS AVAILABILITY OF ALTERNATIVE MATERIALS FOR MAGNESIUM ALLOYS 88
- 6.4.2 PROBLEMS RELATED TO PURITY OF MAGNESIUM ALLOYS 89
7 GLOBAL MAGNESIUM ALLOYS MARKET, BY PRODUCT 90
- 7.1 OVERVIEW 91
- 7.2 CAST ALLOY 92
- 7.3 WROUGHT ALLOY 93
8 GLOBAL MAGNESIUM ALLOYS MARKET, BY APPLICATION 94
- 8.1 OVERVIEW 95
- 8.2 AUTOMOTIVE & TRANSPORTATION 96
- 8.2.1 CAST ALLOY 97
- 8.2.2 WROUGHT ALLOY 97
- 8.3 AEROSPACE & DEFENSE 98
- 8.3.1 CAST ALLOY 99
- 8.3.2 WROUGHT ALLOY 99
- 8.4 ELECTRONICS 99
- 8.4.1 CAST ALLOY 100
- 8.4.2 WROUGHT ALLOY 100
- 8.5 POWER TOOLS 101
- 8.5.1 CAST ALLOY 102
- 8.5.2 WROUGHT ALLOY 102
- 8.6 OTHERS 102
- 8.6.1 CAST ALLOY 103
- 8.6.2 WROUGHT ALLOY 103
9 GLOBAL MAGNESIUM ALLOYS MARKET, BY REGION 104
- 9.1 OVERVIEW 105
- 9.2 NORTH AMERICA 110
- 9.2.1 U.S. 117
- 9.2.2 CANADA 120
- 9.2.3 MEXICO 123
- 9.3 ASIA-PACIFIC 126
- 9.3.1 CHINA 133
- 9.3.2 INDIA 136
- 9.3.3 JAPAN 139
- 9.3.4 SOUTH KOREA 142
- 9.3.5 AUSTRALIA & NEW ZEALAND 145
- 9.3.6 SINGAPORE 148
- 9.3.7 INDOENASIA 151
- 9.3.8 THAILAND 154
- 9.3.9 MALAYSIA 157
- 9.3.10 PHILIPPINES 160
- 9.3.11 REST OF ASIA PACIFIC 163
- 9.4 EUROPE 164
- 9.4.1 GERMANY 171
- 9.4.2 U.K. 174
- 9.4.3 FRANCE 177
- 9.4.4 ITALY 180
- 9.4.5 SPAIN 183
- 9.4.6 RUSSIA 186
- 9.4.7 TURKEY 189
- 9.4.8 NETHERLANDS 192
- 9.4.9 BELGIUM 195
- 9.4.10 SWITZERLAND 198
- 9.4.11 REST OF EUROPE 201
- 9.5 MIDDLE EAST AND AFRICA 202
- 9.5.1 UNITED ARAB EMIRATED 209
- 9.5.2 SAUDI ARABIA 212
- 9.5.3 SOUTH AFRICA 215
- 9.5.4 EGYPT 218
- 9.5.5 ISRAEL 221
- 9.5.6 REST OF MIDDLE EAST AND AFRICA 224
- 9.6 SOUTH AMERICA 225
- 9.6.1 BRAZIL 232
- 9.6.2 ARGENTINA 235
- 9.6.3 REST OF SOUTH AMERICA 238
10 GLOBAL MAGNESIUM ALLOYS MARKET, COMPANY LANDSCAPE 239
- 10.1 COMPANY SHARE ANALYSIS: GLOBAL 239
- 10.2 COMPANY SHARE ANALYSIS: NORTH AMERICA 240
- 10.3 COMPANY SHARE ANALYSIS: EUROPE 241
- 10.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 242
11 SWOT ANALYSIS 244
12 COMPANY PROFILES 245
- 12.1 LUXFER MEL TECHNOLOGIES 245
- 12.1.1 COMPANY SNAPSHOT 245
- 12.1.2 COMPANY SHARE ANALYSIS 245
- 12.1.3 PRODUCT PORTFOLIO 246
- 12.1.4 SWOT 246
- 12.1.5 RECENT DEVELOPMENT 247
- 12.2 MAGNOTEC LIMITED 248
- 12.2.1 COMPANY SNAPSHOT 248
- 12.2.2 REVENUE ANALYSIS 249
- 12.2.3 COMPANY PROFILE 249
- 12.2.4 SWOT 250
- 12.2.5 PRODUCT PORTFOLIO 250
- 12.2.6 RECENT UPDATES 251
- 12.3 RIMA INDUSTRIAL 252
- 12.3.1 COMPANY SNAPSHOT 252
- 12.3.2 COMPANY SHARE ANALYSIS 252
- 12.3.3 PRODUCT PORTFOLIO 253
- 12.3.4 SWOT 253
- 12.3.5 RECENT DEVELOPMENTS 253
- 12.4 NANJING YUNHAI SPECIAL METAL CO., LTD 254
- 12.4.1 COMPANY SNAPSHOT 254
- 12.4.2 COMPANY SHARE ANALYSIS 254
- 12.4.3 SWOT 255
- 12.4.4 PRODUCT PORTFOLIO 255
- 12.4.5 RECENT UPDATE 256
- 12.5 SHANDONG FEIXIAN COUNTY YINGUANG MAGNESIUM INDUSTRY CO. LTD. 257
- 12.5.1 COMPANY SNAPSHOT 257
- 12.5.2 COMPANY SHARE ANALYSIS 257
- 12.5.3 PRODUCT PORTFOLIO 258
- 12.5.4 SWOT 258
- 12.5.5 RECENT DEVELOPMENT 259
- 12.6 AMACOR 260
- 12.6.1 COMPANY SNAPSHOT 260
- 12.6.2 PRODUCT PORTFOLIO 260
- 12.6.3 SWOT 261
- 12.6.4 RECENT DEVELOPMENT 261
- 12.7 DEAD SEA MAGNESIUM, DSM 262
- 12.7.1 COMPANY SNAPSHOT 262
- 12.7.2 PRODUCT PORTFOLIO 262
- 12.7.3 SWOT 263
- 12.7.4 RECENT DEVELOPMENTS 263
- 12.8 DYNACAST 264
- 12.8.1 COMPANY SNAPSHOT 264
- 12.8.2 PRODUCT PORTFOLIO 264
- 12.8.3 SWOT 265
- 12.8.4 RECENT DEVELOPMENTS 265
- 12.9 MAG SPECIALITY INC 266
- 12.9.1 COMPANY SNAPSHOT 266
- 12.9.2 PRODUCT PORTFOLIO 266
- 12.9.3 SWOT 267
- 12.9.4 RECENT DEVELOPMENTS 267
- 12.10 NAMOALLOY 268
- 12.10.1 COMPANY SNAPSHOT 268
- 12.10.2 PRODUCT PORTFOLIO 268
- 12.10.3 SWOT 269
- 12.10.4 RECENT DEVELOPMENT 269
- 12.11 REGAL-MG 270
- 12.11.1 COMPANY SNAPSHOT 270
- 12.11.2 PRODUCT PORTFOLIO 270
- 12.11.3 SWOT 271
- 12.11.4 RECENT DEVELOPMENTS 271
- 12.12 US MAGNESIUM LLC 272
- 12.12.1 COMPANY SNAPSHOT 272
- 12.12.2 PRODUCT PORTFOLIO 272
- 12.12.3 SWOT 273
- 12.12.4 RECENT DEVELOPMENTS 273
13 QUESTIONNAIRE 274
14 RELATED REPORTS 277