Global Magnesium Alloys Industry valued approximately USD 1.0 million in 2016 is anticipated to grow with a healthy growth rate of more than 12.9% over the forecast period 2019-2025.
Cast alloy projected to be the fastest-growing alloy type segment of magnesium alloys Industry during forecast period. Magnesium alloys possess excellent casting properties and cast alloys are cheaper than wrought alloys. In addition, issues such as low extrusion rate of and formability at room temperature of magnesium alloys have made it challenging to use magnesium alloys in the form of wrought alloys. The growing demand from automotive & transportation, aerospace & defense, and electronics end-use industries for cost-efficient alloys is driving the growth of the cast alloy segment. Growing Use of Magnesium Alloys in the Automotive Industry Due to Regulations Over Fuel Efficiency and Emissions, provides an edge for Magnesium Alloys Over Other Alloys
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Magnesium Alloys Industry Share and Size by 2019-2025
Magnesium Alloys Market Segmentation:
By Alloy Type:
* Cast Alloy
* Wrought Alloy
By End Use:
* Automotive & Transportation
- Body Structure
* Aerospace & Defense
- Commercial Helicopter
- Military Helicopter
- Fighter Aircraft
* Power Tools
- Sporting Goods
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Magnesium Alloys Market are as follows:
KA Shui International Holdings Ltd.
Nanjing Yunhai Special Metals Co.ltd.
Meridian Lightweight Technologies
Shanghai Regal Magnesium Limited Company
Shanxi Yinguang Huasheng Magnesium
Shanxi Credit Magnesium Co.Ltd.