市場調査レポート

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1324338

金属マグネシウム市場の2030年までの予測- 製品別、製造プロセス別、コンポーネント別、用途別、エンドユーザー別、地域別の世界分析

Metal Magnesium Market Forecasts to 2030 - Global Analysis By Product, Manufacturing Process, Component, Application, End User and By Geography

出版日: 2023年08月01日
発行: Stratistics Market Research Consulting
ページ情報: 英文 175+ Pages
納期: 2～3営業日

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全表示
概要
図表
目次

概要

サンプル依頼リストに入れる

Stratistics MRCによると、世界の金属マグネシウム市場は2023年に54億2,000万米ドルを占め、予測期間中のCAGRは7.3％で成長し、2030年には88億8,000万米ドルに達する見込みです。

マグネシウムは原子番号12で、化学記号は「Mg」です。薄い銀白色の金属で、反応性が高く、空気や水に触れると容易に酸化します。マグネシウムは宇宙で8番目に多く存在する元素で、地殻に豊富に含まれています。マグネシウムは密度が低く、強度重量比が高いため、航空宇宙産業や自動車産業などの軽量構造部品など、幅広い産業用途で頻繁に使用されています。

インド・ブランド・エクイティ財団（IBEF）によると、急増するインフラと政府支出により、インドの航空宇宙・防衛市場は2032年までに695億米ドルに達します。

化学品生産における利用

化学製品の生産に欠かせないのが金属マグネシウムです。マグネシウムは、チタン、ジルコニウム、希土類金属を含む様々な化学物質を製造するための還元剤として使用されます。マグネシウム化合物を使用する化学プロセスの他の例としては、鉄鋼の脱硫やノジュラー鋳鉄の製造などがあります。

抑制要因

高い抽出・加工コスト

マグネシウム金属の抽出と加工にはエネルギー集約的な手順が必要で、他の金属と比較すると生産コストが相対的に高くなります。マグネシウムのコストは、鉱石から精製する労働集約的で複雑なプロセスによってさらに上昇します。さらに、コストに敏感な産業でマグネシウムベースの材料が広く使用されることは、高い生産コストによって妨げられる可能性があり、市場拡大に影響を与える可能性があります。

機会：

航空宇宙分野での用途開発

金属マグネシウムは軽量であるため、航空宇宙産業で有望な見込みがあります。航空宇宙産業が燃料効率の向上と運航コストの低減に取り組んでいるため、マグネシウム合金は航空機の部品や構造に使用することがますます検討されています。さらに、マグネシウムの航空宇宙分野での潜在的用途は、複合材料との適合性によってさらに拡大し、航空機全体の軽量化と性能向上に役立っています。

代替材料との競合

複合材料やアルミニウムのように、同等の軽量性と機械的強度を持つ代替材料は、金属マグネシウム市場にとっての脅威です。アルミニウムは低コストで耐食性が向上しているため、特に多くの産業で定着しており、好まれることが多いです。さらに、特定の性能要件に適合する材料の組み合わせを提供できる複合材料が利用可能になったことで、一部の用途でマグネシウムベースのソリューションの使用が課題となっています。

COVID-19の影響：

金属マグネシウム市場はCOVID-19の大流行によって大きな影響を受けた。製造業、自動車、航空宇宙など数多くの産業の生産とサプライチェーンが、パンデミックの間、封鎖措置と需要減少の結果、混乱しました。その結果、マグネシウムをベースとする材料の需要が減少し、市場の拡大が妨げられました。さらに市場力学に影響を与えたのは、原料価格の変動と、渡航制限と経済活動の低下によってもたらされたサプライチェーンの問題でした。しかし金属マグネシウム市場は、産業の緩やかな回復と経済活動の再開、特にパンデミック後の世界における軽量材料、持続可能なソリューション、新たな用途への重点の高まりから、回復すると予想されます。

予測期間中は自動車分野が最大になる見込み

予測期間中、自動車分野が最大のシェアを占めると予想されます。マグネシウムベースの材料は、自動車産業がより軽量な部品を製造し、燃費を向上させ、排出ガスを削減することを可能にします。自動車セグメントは軽量特性と高い強度対重量比を有します。鋼鉄やアルミニウムのような重い材料をマグネシウム合金に置き換えることで、自動車はよりエネルギー効率に優れ、持続可能な取り組みに役立ち、厳しい排ガス規制を遵守します。さらに、マグネシウムの優れた機械加工性により、複雑で入り組んだ部品の設計が可能になり、自動車全体の性能と安全性が向上します。

マグネシウム合金セグメントは予測期間中最も高いCAGRが見込まれる

マグネシウム合金分野は、予測期間中に最も高いCAGRを示すと予想されます。マグネシウム合金は、低密度、高強度、優れた耐腐食性という優れた組み合わせにより、様々な産業で非常に求められている材料です。自動車産業におけるエンジンブロック、トランスミッションケース、ステアリングコラムのような部品へのマグネシウム合金の採用は、燃費を改善するための軽量材料の需要によって促されています。

最大のシェアを占める地域：

予測期間中、アジア太平洋地域が最大の市場シェアを占めると予想されます。航空宇宙産業や自動車産業におけるマグネシウム需要の高まり、建設産業やエレクトロニクス産業の拡大などが、この地域の優位性に寄与しています。中国はアジア太平洋市場のかなりの部分を占めており、同地域のマグネシウム生産量・消費量ともにトップです。さらに、この地域は安価な労働力と原材料を入手できるため、マグネシウムの生産量が増加しています。さらに、電気自動車への関心の高まりとマグネシウムをベースとした製品の研究開発への投資の増加が、この地域での市場拡大を後押しすると予想されます。

CAGRが最も高い地域：

金属マグネシウム市場は、予測期間中に北米地域で最も高いCAGRで成長すると予測されます。自動車や航空宇宙分野での軽量材料の需要が増加しており、この需要が電気自動車の人気の高まりとともに同地域の市場拡大に拍車をかけています。北米の金属マグネシウム市場の成長をさらに後押しするのは、大規模なマグネシウム生産者の存在と、マグネシウムベースの製品の研究開発活動への投資の増加であると予想されます。さらに、医療用インプラントやその他の機器におけるマグネシウム合金の使用が北米の市場拡大を後押しすると予想されます。

無料カスタマイズサービス：

本レポートをご購読のお客様には、以下のいずれかの無料カスタマイズオプションをご提供いたします：

企業プロファイル
- 追加市場プレイヤーの包括的プロファイリング（3社まで）
- 主要企業のSWOT分析（3社まで）
地域セグメンテーション
- 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
競合ベンチマーキング
- 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

北米
- 米国
- カナダ
- メキシコ
欧州
- ドイツ
- 英国
- イタリア
- フランス
- スペイン
- その他欧州
アジア太平洋地域
- 日本
- 中国
- インド
- オーストラリア
- ニュージーランド
- 韓国
- その他アジア太平洋地域
南米
- アルゼンチン
- ブラジル
- チリ
- その他南米
中東とアフリカ
- サウジアラビア
- アラブ首長国連邦
- カタール
- 南アフリカ
- その他中東とアフリカ

第10章主な発展

契約、パートナーシップ、コラボレーション、合弁事業
買収と合併
新製品の発売
事業拡大
その他の主要戦略

第11章会社概要

Alliance Magnesium
China Magnesium Corporation
Dead Sea Magnesium（ICL Group）
Esan Eczacibasi
Fu Gu Yi De Magnesium Alloy Co.Ltd
ICL GROUP
Latrobe Magnesium
Nanjing Yunhai Special Metals Co. Ltd
Nippon Kinzoku Co. Ltd.
POSCO
Regal Metal
Rima Group
Shanghai Sunglow Investment（Group）Co., Ltd.
Shanxi Wenxi Zhenxin Magnesium Co., Ltd
Taiyuan Tongxiang Metal Magnesium. Ltd
US Magnesium LLC.
VSMPO-Avisma Corporation
Wenxi YinGuang Magnesium Industry（Group）Co. Ltd
Western Magnesium Corporation

図表

List of Tables

Table 1 Global Metal Magnesium Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Metal Magnesium Market Outlook, By Product (2021-2030) ($MN)
Table 3 Global Metal Magnesium Market Outlook, By Pure Magnesium (2021-2030) ($MN)
Table 4 Global Metal Magnesium Market Outlook, By Magnesium Compounds (2021-2030) ($MN)
Table 5 Global Metal Magnesium Market Outlook, By Magnesium Alloys (2021-2030) ($MN)
Table 6 Global Metal Magnesium Market Outlook, By Other Products (2021-2030) ($MN)
Table 7 Global Metal Magnesium Market Outlook, By Manufacturing Process (2021-2030) ($MN)
Table 8 Global Metal Magnesium Market Outlook, By Thermal Reduction Process (2021-2030) ($MN)
Table 9 Global Metal Magnesium Market Outlook, By Electrolytic Process (2021-2030) ($MN)
Table 10 Global Metal Magnesium Market Outlook, By Recycling (2021-2030) ($MN)
Table 11 Global Metal Magnesium Market Outlook, By Other Manufacturing Processes (2021-2030) ($MN)
Table 12 Global Metal Magnesium Market Outlook, By Application (2021-2030) ($MN)
Table 13 Global Metal Magnesium Market Outlook, By Die Casting (2021-2030) ($MN)
Table 14 Global Metal Magnesium Market Outlook, By Aluminum Alloys (2021-2030) ($MN)
Table 15 Global Metal Magnesium Market Outlook, By Titanium Reduction (2021-2030) ($MN)
Table 16 Global Metal Magnesium Market Outlook, By Iron & Steel Making (2021-2030) ($MN)
Table 17 Global Metal Magnesium Market Outlook, By Metal Reduction (2021-2030) ($MN)
Table 18 Global Metal Magnesium Market Outlook, By Desulphurization (2021-2030) ($MN)
Table 19 Global Metal Magnesium Market Outlook, By Other Applications (2021-2030) ($MN)
Table 20 Global Metal Magnesium Market Outlook, By End User (2021-2030) ($MN)
Table 21 Global Metal Magnesium Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 22 Global Metal Magnesium Market Outlook, By Automotive (2021-2030) ($MN)
Table 23 Global Metal Magnesium Market Outlook, By Construction (2021-2030) ($MN)
Table 24 Global Metal Magnesium Market Outlook, By Medical & Healthcare (2021-2030) ($MN)
Table 25 Global Metal Magnesium Market Outlook, By Packaging (2021-2030) ($MN)
Table 26 Global Metal Magnesium Market Outlook, By Electronics (2021-2030) ($MN)
Table 27 Global Metal Magnesium Market Outlook, By Sports (2021-2030) ($MN)
Table 28 Global Metal Magnesium Market Outlook, By Other End Users (2021-2030) ($MN)
Table 29 North America Metal Magnesium Market Outlook, By Country (2021-2030) ($MN)
Table 30 North America Metal Magnesium Market Outlook, By Product (2021-2030) ($MN)
Table 31 North America Metal Magnesium Market Outlook, By Pure Magnesium (2021-2030) ($MN)
Table 32 North America Metal Magnesium Market Outlook, By Magnesium Compounds (2021-2030) ($MN)
Table 33 North America Metal Magnesium Market Outlook, By Magnesium Alloys (2021-2030) ($MN)
Table 34 North America Metal Magnesium Market Outlook, By Other Products (2021-2030) ($MN)
Table 35 North America Metal Magnesium Market Outlook, By Manufacturing Process (2021-2030) ($MN)
Table 36 North America Metal Magnesium Market Outlook, By Thermal Reduction Process (2021-2030) ($MN)
Table 37 North America Metal Magnesium Market Outlook, By Electrolytic Process (2021-2030) ($MN)
Table 38 North America Metal Magnesium Market Outlook, By Recycling (2021-2030) ($MN)
Table 39 North America Metal Magnesium Market Outlook, By Other Manufacturing Processes (2021-2030) ($MN)
Table 40 North America Metal Magnesium Market Outlook, By Application (2021-2030) ($MN)
Table 41 North America Metal Magnesium Market Outlook, By Die Casting (2021-2030) ($MN)
Table 42 North America Metal Magnesium Market Outlook, By Aluminum Alloys (2021-2030) ($MN)
Table 43 North America Metal Magnesium Market Outlook, By Titanium Reduction (2021-2030) ($MN)
Table 44 North America Metal Magnesium Market Outlook, By Iron & Steel Making (2021-2030) ($MN)
Table 45 North America Metal Magnesium Market Outlook, By Metal Reduction (2021-2030) ($MN)
Table 46 North America Metal Magnesium Market Outlook, By Desulphurization (2021-2030) ($MN)
Table 47 North America Metal Magnesium Market Outlook, By Other Applications (2021-2030) ($MN)
Table 48 North America Metal Magnesium Market Outlook, By End User (2021-2030) ($MN)
Table 49 North America Metal Magnesium Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 50 North America Metal Magnesium Market Outlook, By Automotive (2021-2030) ($MN)
Table 51 North America Metal Magnesium Market Outlook, By Construction (2021-2030) ($MN)
Table 52 North America Metal Magnesium Market Outlook, By Medical & Healthcare (2021-2030) ($MN)
Table 53 North America Metal Magnesium Market Outlook, By Packaging (2021-2030) ($MN)
Table 54 North America Metal Magnesium Market Outlook, By Electronics (2021-2030) ($MN)
Table 55 North America Metal Magnesium Market Outlook, By Sports (2021-2030) ($MN)
Table 56 North America Metal Magnesium Market Outlook, By Other End Users (2021-2030) ($MN)
Table 57 Europe Metal Magnesium Market Outlook, By Country (2021-2030) ($MN)
Table 58 Europe Metal Magnesium Market Outlook, By Product (2021-2030) ($MN)
Table 59 Europe Metal Magnesium Market Outlook, By Pure Magnesium (2021-2030) ($MN)
Table 60 Europe Metal Magnesium Market Outlook, By Magnesium Compounds (2021-2030) ($MN)
Table 61 Europe Metal Magnesium Market Outlook, By Magnesium Alloys (2021-2030) ($MN)
Table 62 Europe Metal Magnesium Market Outlook, By Other Products (2021-2030) ($MN)
Table 63 Europe Metal Magnesium Market Outlook, By Manufacturing Process (2021-2030) ($MN)
Table 64 Europe Metal Magnesium Market Outlook, By Thermal Reduction Process (2021-2030) ($MN)
Table 65 Europe Metal Magnesium Market Outlook, By Electrolytic Process (2021-2030) ($MN)
Table 66 Europe Metal Magnesium Market Outlook, By Recycling (2021-2030) ($MN)
Table 67 Europe Metal Magnesium Market Outlook, By Other Manufacturing Processes (2021-2030) ($MN)
Table 68 Europe Metal Magnesium Market Outlook, By Application (2021-2030) ($MN)
Table 69 Europe Metal Magnesium Market Outlook, By Die Casting (2021-2030) ($MN)
Table 70 Europe Metal Magnesium Market Outlook, By Aluminum Alloys (2021-2030) ($MN)
Table 71 Europe Metal Magnesium Market Outlook, By Titanium Reduction (2021-2030) ($MN)
Table 72 Europe Metal Magnesium Market Outlook, By Iron & Steel Making (2021-2030) ($MN)
Table 73 Europe Metal Magnesium Market Outlook, By Metal Reduction (2021-2030) ($MN)
Table 74 Europe Metal Magnesium Market Outlook, By Desulphurization (2021-2030) ($MN)
Table 75 Europe Metal Magnesium Market Outlook, By Other Applications (2021-2030) ($MN)
Table 76 Europe Metal Magnesium Market Outlook, By End User (2021-2030) ($MN)
Table 77 Europe Metal Magnesium Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 78 Europe Metal Magnesium Market Outlook, By Automotive (2021-2030) ($MN)
Table 79 Europe Metal Magnesium Market Outlook, By Construction (2021-2030) ($MN)
Table 80 Europe Metal Magnesium Market Outlook, By Medical & Healthcare (2021-2030) ($MN)
Table 81 Europe Metal Magnesium Market Outlook, By Packaging (2021-2030) ($MN)
Table 82 Europe Metal Magnesium Market Outlook, By Electronics (2021-2030) ($MN)
Table 83 Europe Metal Magnesium Market Outlook, By Sports (2021-2030) ($MN)
Table 84 Europe Metal Magnesium Market Outlook, By Other End Users (2021-2030) ($MN)
Table 85 Asia Pacific Metal Magnesium Market Outlook, By Country (2021-2030) ($MN)
Table 86 Asia Pacific Metal Magnesium Market Outlook, By Product (2021-2030) ($MN)
Table 87 Asia Pacific Metal Magnesium Market Outlook, By Pure Magnesium (2021-2030) ($MN)
Table 88 Asia Pacific Metal Magnesium Market Outlook, By Magnesium Compounds (2021-2030) ($MN)
Table 89 Asia Pacific Metal Magnesium Market Outlook, By Magnesium Alloys (2021-2030) ($MN)
Table 90 Asia Pacific Metal Magnesium Market Outlook, By Other Products (2021-2030) ($MN)
Table 91 Asia Pacific Metal Magnesium Market Outlook, By Manufacturing Process (2021-2030) ($MN)
Table 92 Asia Pacific Metal Magnesium Market Outlook, By Thermal Reduction Process (2021-2030) ($MN)
Table 93 Asia Pacific Metal Magnesium Market Outlook, By Electrolytic Process (2021-2030) ($MN)
Table 94 Asia Pacific Metal Magnesium Market Outlook, By Recycling (2021-2030) ($MN)
Table 95 Asia Pacific Metal Magnesium Market Outlook, By Other Manufacturing Processes (2021-2030) ($MN)
Table 96 Asia Pacific Metal Magnesium Market Outlook, By Application (2021-2030) ($MN)
Table 97 Asia Pacific Metal Magnesium Market Outlook, By Die Casting (2021-2030) ($MN)
Table 98 Asia Pacific Metal Magnesium Market Outlook, By Aluminum Alloys (2021-2030) ($MN)
Table 99 Asia Pacific Metal Magnesium Market Outlook, By Titanium Reduction (2021-2030) ($MN)
Table 100 Asia Pacific Metal Magnesium Market Outlook, By Iron & Steel Making (2021-2030) ($MN)
Table 101 Asia Pacific Metal Magnesium Market Outlook, By Metal Reduction (2021-2030) ($MN)
Table 102 Asia Pacific Metal Magnesium Market Outlook, By Desulphurization (2021-2030) ($MN)
Table 103 Asia Pacific Metal Magnesium Market Outlook, By Other Applications (2021-2030) ($MN)
Table 104 Asia Pacific Metal Magnesium Market Outlook, By End User (2021-2030) ($MN)
Table 105 Asia Pacific Metal Magnesium Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 106 Asia Pacific Metal Magnesium Market Outlook, By Automotive (2021-2030) ($MN)
Table 107 Asia Pacific Metal Magnesium Market Outlook, By Construction (2021-2030) ($MN)
Table 108 Asia Pacific Metal Magnesium Market Outlook, By Medical & Healthcare (2021-2030) ($MN)
Table 109 Asia Pacific Metal Magnesium Market Outlook, By Packaging (2021-2030) ($MN)
Table 110 Asia Pacific Metal Magnesium Market Outlook, By Electronics (2021-2030) ($MN)
Table 111 Asia Pacific Metal Magnesium Market Outlook, By Sports (2021-2030) ($MN)
Table 112 Asia Pacific Metal Magnesium Market Outlook, By Other End Users (2021-2030) ($MN)
Table 113 South America Metal Magnesium Market Outlook, By Country (2021-2030) ($MN)
Table 114 South America Metal Magnesium Market Outlook, By Product (2021-2030) ($MN)
Table 115 South America Metal Magnesium Market Outlook, By Pure Magnesium (2021-2030) ($MN)
Table 116 South America Metal Magnesium Market Outlook, By Magnesium Compounds (2021-2030) ($MN)
Table 117 South America Metal Magnesium Market Outlook, By Magnesium Alloys (2021-2030) ($MN)
Table 118 South America Metal Magnesium Market Outlook, By Other Products (2021-2030) ($MN)
Table 119 South America Metal Magnesium Market Outlook, By Manufacturing Process (2021-2030) ($MN)
Table 120 South America Metal Magnesium Market Outlook, By Thermal Reduction Process (2021-2030) ($MN)
Table 121 South America Metal Magnesium Market Outlook, By Electrolytic Process (2021-2030) ($MN)
Table 122 South America Metal Magnesium Market Outlook, By Recycling (2021-2030) ($MN)
Table 123 South America Metal Magnesium Market Outlook, By Other Manufacturing Processes (2021-2030) ($MN)
Table 124 South America Metal Magnesium Market Outlook, By Application (2021-2030) ($MN)
Table 125 South America Metal Magnesium Market Outlook, By Die Casting (2021-2030) ($MN)
Table 126 South America Metal Magnesium Market Outlook, By Aluminum Alloys (2021-2030) ($MN)
Table 127 South America Metal Magnesium Market Outlook, By Titanium Reduction (2021-2030) ($MN)
Table 128 South America Metal Magnesium Market Outlook, By Iron & Steel Making (2021-2030) ($MN)
Table 129 South America Metal Magnesium Market Outlook, By Metal Reduction (2021-2030) ($MN)
Table 130 South America Metal Magnesium Market Outlook, By Desulphurization (2021-2030) ($MN)
Table 131 South America Metal Magnesium Market Outlook, By Other Applications (2021-2030) ($MN)
Table 132 South America Metal Magnesium Market Outlook, By End User (2021-2030) ($MN)
Table 133 South America Metal Magnesium Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 134 South America Metal Magnesium Market Outlook, By Automotive (2021-2030) ($MN)
Table 135 South America Metal Magnesium Market Outlook, By Construction (2021-2030) ($MN)
Table 136 South America Metal Magnesium Market Outlook, By Medical & Healthcare (2021-2030) ($MN)
Table 137 South America Metal Magnesium Market Outlook, By Packaging (2021-2030) ($MN)
Table 138 South America Metal Magnesium Market Outlook, By Electronics (2021-2030) ($MN)
Table 139 South America Metal Magnesium Market Outlook, By Sports (2021-2030) ($MN)
Table 140 South America Metal Magnesium Market Outlook, By Other End Users (2021-2030) ($MN)
Table 141 Middle East & Africa Metal Magnesium Market Outlook, By Country (2021-2030) ($MN)
Table 142 Middle East & Africa Metal Magnesium Market Outlook, By Product (2021-2030) ($MN)
Table 143 Middle East & Africa Metal Magnesium Market Outlook, By Pure Magnesium (2021-2030) ($MN)
Table 144 Middle East & Africa Metal Magnesium Market Outlook, By Magnesium Compounds (2021-2030) ($MN)
Table 145 Middle East & Africa Metal Magnesium Market Outlook, By Magnesium Alloys (2021-2030) ($MN)
Table 146 Middle East & Africa Metal Magnesium Market Outlook, By Other Products (2021-2030) ($MN)
Table 147 Middle East & Africa Metal Magnesium Market Outlook, By Manufacturing Process (2021-2030) ($MN)
Table 148 Middle East & Africa Metal Magnesium Market Outlook, By Thermal Reduction Process (2021-2030) ($MN)
Table 149 Middle East & Africa Metal Magnesium Market Outlook, By Electrolytic Process (2021-2030) ($MN)
Table 150 Middle East & Africa Metal Magnesium Market Outlook, By Recycling (2021-2030) ($MN)
Table 151 Middle East & Africa Metal Magnesium Market Outlook, By Other Manufacturing Processes (2021-2030) ($MN)
Table 152 Middle East & Africa Metal Magnesium Market Outlook, By Application (2021-2030) ($MN)
Table 153 Middle East & Africa Metal Magnesium Market Outlook, By Die Casting (2021-2030) ($MN)
Table 154 Middle East & Africa Metal Magnesium Market Outlook, By Aluminum Alloys (2021-2030) ($MN)
Table 155 Middle East & Africa Metal Magnesium Market Outlook, By Titanium Reduction (2021-2030) ($MN)
Table 156 Middle East & Africa Metal Magnesium Market Outlook, By Iron & Steel Making (2021-2030) ($MN)
Table 157 Middle East & Africa Metal Magnesium Market Outlook, By Metal Reduction (2021-2030) ($MN)
Table 158 Middle East & Africa Metal Magnesium Market Outlook, By Desulphurization (2021-2030) ($MN)
Table 159 Middle East & Africa Metal Magnesium Market Outlook, By Other Applications (2021-2030) ($MN)
Table 160 Middle East & Africa Metal Magnesium Market Outlook, By End User (2021-2030) ($MN)
Table 161 Middle East & Africa Metal Magnesium Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 162 Middle East & Africa Metal Magnesium Market Outlook, By Automotive (2021-2030) ($MN)
Table 163 Middle East & Africa Metal Magnesium Market Outlook, By Construction (2021-2030) ($MN)
Table 164 Middle East & Africa Metal Magnesium Market Outlook, By Medical & Healthcare (2021-2030) ($MN)
Table 165 Middle East & Africa Metal Magnesium Market Outlook, By Packaging (2021-2030) ($MN)
Table 166 Middle East & Africa Metal Magnesium Market Outlook, By Electronics (2021-2030) ($MN)
Table 167 Middle East & Africa Metal Magnesium Market Outlook, By Sports (2021-2030) ($MN)
Table 168 Middle East & Africa Metal Magnesium Market Outlook, By Other End Users (2021-2030) ($MN)

Product Code: SMRC23563

According to Stratistics MRC, the Global Metal Magnesium Market is accounted for $5.42 billion in 2023 and is expected to reach $8.88 billion by 2030 growing at a CAGR of 7.3% during the forecast period. Magnesium has the atomic number 12 and the letter "Mg" in its chemical symbol. It is a thin, silvery-white metal that is highly reactive and readily oxidizes when exposed to air and water. Magnesium, the eighth most abundant element in the universe, is found in great abundance in the crust of the Earth. It is frequently used in a wide range of industrial applications, including the aerospace and automotive industries, for lightweight structural components because of its low density and high strength-to-weight ratio.

According to the India Brand Equity Foundation (IBEF), the burgeoning infrastructure and government spending will propel the Indian aerospace & defense market to reach US$ 69.5 Bn by 2032.

Market Dynamics:

Driver:

Utilization in the production of chemicals

A key component in the production of chemicals is the metal magnesium. It is used as a reducing agent to create a variety of chemicals, including titanium, zirconium, and rare earth metals. Other examples of chemical processes that use magnesium compounds include the desulfurization of iron and steel as well as the creation of nodular cast iron.

Restraint:

High extraction and processing costs

Magnesium metal extraction and processing require energy-intensive procedures, which leads to relatively higher production costs when compared to other metals. Magnesium's cost is further increased by the labor- and complexity-intensive process of refining it from its ores. Moreover, the widespread use of magnesium-based materials in cost-sensitive industries may be hampered by the high production costs, which could have an impact on market expansion.

Opportunity:

Application developments in aerospace

The metal magnesium has promising prospects in the aerospace industry because of its light weight. Magnesium alloys are being considered more and more for use in aircraft components and structures as the aerospace industry works to improve fuel efficiency and lower operating costs. Additionally, magnesium's potential use in aerospace is further expanded by the compatibility it has with composite materials, which helps lighten and enhance the performance of entire aircraft.

Threat:

Competition from alternative materials

Alternative materials, like composites and aluminum, which offer comparable lightweight and mechanical strength, are a threat to the market for metal magnesium. Because of its lower cost and improved corrosion resistance, aluminum is particularly well-established in many industries and frequently preferred. Furthermore, the use of magnesium-based solutions in some applications is challenged by the availability of composites, which provide a combination of materials that can match particular performance requirements.

COVID-19 Impact:

The metal magnesium market was significantly impacted by the COVID-19 pandemic. Production and supply chains in a number of industries, including manufacturing, automotive, and aerospace, were disrupted during the pandemic as a result of lockdown procedures and lower demand. As a result, the market's expansion was hampered by the decline in demand for materials based on magnesium. Further affecting market dynamics were fluctuations in raw material prices and supply chain issues brought on by travel restrictions and decreased economic activity. However, the metal magnesium market is anticipated to rebound due to the gradual recovery of industries and the restart of economic activity, particularly given the growing emphasis on lightweight materials, sustainable solutions, and emerging applications in a post-pandemic world.

The automotive segment is expected to be the largest during the forecast period

The automotive segment is anticipated to have largest share during the forecast period. Magnesium-based materials enable the automotive industry to manufacture lighter components, improving fuel efficiency and reducing emissions. The automotive segment has lightweight properties and a high strength-to-weight ratio. Vehicles become more energy-efficient, aiding in sustainability efforts and complying with strict emission regulations, by swapping out heavier materials like steel and aluminum with magnesium alloys. Additionally, the excellent machinability of magnesium enables the design of intricate and complex parts, improving the overall performance and safety of the vehicle.

The magnesium alloys segment is expected to have the highest CAGR during the forecast period

The magnesium alloys segment is anticipated to have the highest CAGR during the forecast period. Magnesium alloys are highly sought-after materials in a variety of industries due to their excellent combination of low density, high strength, and good corrosion resistance. The adoption of magnesium alloys for parts like engine blocks, transmission cases, and steering columns in the automotive industry has been prompted by the demand for lightweight materials to improve fuel efficiency.

Region with largest share:

During the forecast period, the Asia Pacific region is anticipated to hold the largest market share. The rising demand for magnesium in the aerospace and automotive industries, as well as the expanding construction and electronics sectors, are all contributing to the region's dominance. China holds a sizable portion of the Asia Pacific market and is the region's top producer and consumer of magnesium. Additionally, the region's access to cheap labor and raw materials has helped to increase magnesium production. In addition, rising interest in electric vehicles and rising investments in R&D for products based on magnesium are anticipated to fuel market expansion in the area.

Region with highest CAGR:

The market for metal magnesium is anticipated to grow at the highest CAGR in the North America region during the forecast period. The demand for lightweight materials in the automotive and aerospace sectors is increasing, and this demand is fueling the region's market expansion along with the rising popularity of electric vehicles. Further boosting the growth of the metal magnesium market in North America is expected to be the presence of significant magnesium producers and rising investments in research and development activities for magnesium-based products. Additionally, it is anticipated that the use of magnesium alloys in medical implants and other devices will support market expansion in North America.

Key players in the market:

Some of the key players in Metal Magnesium market include: Alliance Magnesium, China Magnesium Corporation, Dead Sea Magnesium (ICL Group), Esan Eczacibasi, Fu Gu Yi De Magnesium Alloy Co.Ltd, ICL GROUP, Latrobe Magnesium, Nanjing Yunhai Special Metals Co. Ltd, Nippon Kinzoku Co. Ltd., POSCO, Regal Metal, Rima Group, Shanghai Sunglow Investment (Group) Co., Ltd., Shanxi Wenxi Zhenxin Magnesium Co., Ltd, Taiyuan Tongxiang Metal Magnesium. Ltd, US Magnesium LLC, VSMPO-Avisma Corporation, Wenxi YinGuang Magnesium Industry (Group) Co. Ltd and Western Magnesium Corporation.

Key Developments:

In February 2023, Western Magnesium Corporation announced its plan to build a new production facility for magnesium metal with an initial annual capacity of 25,000 metric tons and a new research and development center in Nevada. With the help of this new production facility, the company aims to serve automotive, aerospace, airline, eco-friendly technology companies, and Defense Contractors through this expansion.

In July 2022, Chongqing Boao Magnesium-Aluminum Metal Manufacturing Co. Ltd (a wholly owned subsidiary of RSM Group/Nanjing Yunhai Special Metals Co. Ltd) has completed a high-performance magnesium-aluminum alloy and deep processing project (Phase II project) in Chongqing City. The new manufacturing facilities may include a magnesium particle production workshop with a capacity of 7,200 tons per year.

In April 2022, Western Magnesium Corporation announced a non-brokered private placement of USD 3,000,000 in principal amount of unsecured convertible notes.

Products Covered:

Pure Magnesium
Magnesium Compounds
Magnesium Alloys
Other Products

Manufacturing Processes Covered:

Thermal Reduction Process
Electrolytic Process
Recycling
Other Manufacturing Processes

Applications Covered:

Die Casting
Aluminum Alloys
Titanium Reduction
Iron & Steel Making
Metal Reduction
Desulphurization
Other Applications

End Users Covered:

Aerospace & Defense
Automotive
Construction
Medical & Healthcare
Packaging
Electronics
Sports
Other End Users

Regions Covered:

North America
- US
- Canada
- Mexico
Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
South America
- Argentina
- Brazil
- Chile
- Rest of South America
Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa

What our report offers:

Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary

2 Preface

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions

3 Market Trend Analysis

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Metal Magnesium Market, By Product

5.1 Introduction
5.2 Pure Magnesium
5.3 Magnesium Compounds
5.4 Magnesium Alloys
5.5 Other Products

6 Global Metal Magnesium Market, By Manufacturing Process

6.1 Introduction
6.2 Thermal Reduction Process
6.3 Electrolytic Process
6.4 Recycling
6.5 Other Manufacturing Processes

7 Global Metal Magnesium Market, By Application

7.1 Introduction
7.2 Die Casting
7.3 Aluminum Alloys
7.4 Titanium Reduction
7.5 Iron & Steel Making
7.6 Metal Reduction
7.7 Desulphurization
7.8 Other Applications

8 Global Metal Magnesium Market, By End User

8.1 Introduction
8.2 Aerospace & Defense
8.3 Automotive
8.4 Construction
8.5 Medical & Healthcare
8.6 Packaging
8.7 Electronics
8.8 Sports
8.9 Other End Users

9 Global Metal Magnesium Market, By Geography

9.1 Introduction
9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa

10 Key Developments

10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling

11.1 Alliance Magnesium
11.2 China Magnesium Corporation
11.3 Dead Sea Magnesium (ICL Group)
11.4 Esan Eczacibasi
11.5 Fu Gu Yi De Magnesium Alloy Co.Ltd
11.6 ICL GROUP
11.7 Latrobe Magnesium
11.8 Nanjing Yunhai Special Metals Co. Ltd
11.9 Nippon Kinzoku Co. Ltd.
11.10 POSCO
11.11 Regal Metal
11.12 Rima Group
11.13 Shanghai Sunglow Investment (Group) Co., Ltd.
11.14 Shanxi Wenxi Zhenxin Magnesium Co., Ltd
11.15 Taiyuan Tongxiang Metal Magnesium. Ltd
11.16 US Magnesium LLC.
11.17 VSMPO-Avisma Corporation
11.18 Wenxi YinGuang Magnesium Industry (Group) Co. Ltd
11.19 Western Magnesium Corporation