Product Code: MAT0215
The global Magnesium Alloys market is projected to grow at a CAGR of 7.3% by 2033
"The Magnesium Alloys Market Report 2023-2033:" This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
The Increasing Demand for Lightweight Materials in Various Industries
The magnesium alloys market is a growing market, driven by the increasing demand for lightweight materials in various industries such as aerospace, automotive, and electronics. Magnesium alloys have several advantages over other materials, including high strength-to-weight ratio, good corrosion resistance, and excellent machinability, making them an attractive option for manufacturers looking to improve the performance and efficiency of their products. The market is expected to continue to grow in the coming years, driven by increasing investments in the automotive and aerospace industries, the growing trend towards sustainability and reducing carbon emissions, and the increasing adoption of magnesium alloys in emerging markets.
What Questions Should You Ask before Buying a Market Research Report?
- How is the magnesium alloys market evolving?
- What is driving and restraining the magnesium alloys market?
- How will each magnesium alloys submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?
- How will the market shares for each magnesium alloys submarket develop from 2023 to 2033?
- What will be the main driver for the overall market from 2023 to 2033?
- Will leading magnesium alloys markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2033 and which geographical region will lead the market in 2033?
- Who are the leading players and what are their prospects over the forecast period?
- What are the magnesium alloys projects for these leading companies?
- How will the industry evolve during the period between 2023 and 2033? What are the implications of magnesium alloys projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the magnesium alloys market?
- Where is the magnesium alloys market heading and how can you ensure you are at the forefront of the market?
- What are the best investment options for new product and service lines?
- What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the magnesium alloys market today, and over the next 10 years:
- Our 356-page report provides 161 tables and 218 charts/graphs exclusively to you
- The report highlights key lucrative areas in the industry so you can target them - NOW
- It contains in-depth analysis of global, regional and national sales and growth
- It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the magnesium alloys market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Forecasts to 2033 and other analyses reveal commercial prospects
- In addition to revenue forecasting to 2033, our new study provides you with recent results, growth rates, and market shares
- You will find original analyses, with business outlooks and developments
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising magnesium alloys prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, "V", "L", "W" and "U" are discussed in this report.
Segments Covered in the Report:
Market Segment by Estimation
- Market Value (US$ Million)
- Market Volume (Kiloton)
Market Segment by Category
- Wrought Magnesium Alloys
- Cast Magnesium Alloys
Market Segment by Processing Method
- Solid State Processing
- Vapour Processing
- Liquid Processing
Market Segment by End-Use
- Alloying with Aluminium
- As a Structural Metal
- Iron and Steel Processing
- Electrochemical Use
Market Segment by Application
- Aerospace and Defence
- Automotive Industry
- Consumer Goods
- Medical Industry
- Other Application
Market Segment by Type
- AZ31
- AZ91
- ZK60
- Elektron 21
- WE43
- Other Type
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets:
North America
Europe
- Germany
- Russia
- United Kingdom
- France
- Ukraine
- Rest of Europe
Asia Pacific
- China
- Japan
- Malaysia
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
The report also includes profiles and for some of the leading companies in the Magnesium Alloys Market, 2023 to 2033, with a focus on this segment of these companies' operations.
Leading companies and the potential for market growth:
- Advanced Magnesium Alloys Corporation (AMACOR)
- Dead Sea Magnesium
- Dynacast International
- Ka Shui International Holdings Ltd
- Magnesium Elektron
- Magontec
- Meridian Lightweight Technologies Inc
- Nanjing Yunhai Special Metals Co., Ltd
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- POSCO
- Shanghai Regal Magnesium Limited Company
- Shanxi Credit Magnesium Co., Ltd
- Shanxi Yinguang Huasheng Magnesium Co., Ltd
- Smiths Advanced Metals
- Spartan Light Metal Products
- U.S. Magnesium LLC
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Overall world revenue for Magnesium Alloys Market, 2023 to 2033 in terms of value the market will surpass US$1,622.2 million in 2023, our work calculates. We predict strong revenue growth through to 2033. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How will the Magnesium Alloys Market, 2023 to 2033 report help you?
In summary, our 350+ page report provides you with the following knowledge:
- Revenue forecasts to 2033 for Magnesium Alloys Market, 2023 to 2033 Market, with forecasts for type, category, processing method, end-use, and application, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2033 for four regional and 20 key national markets - See forecasts for the Magnesium Alloys Market, 2023 to 2033 market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Canada, Brazil, Germany, France, UK, Russia, Ukraine, China, Malaysia, Japan, and Australia among other prominent economies.
- Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Magnesium Alloys Market, 2023 to 2033.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.
Information found nowhere else
With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Our study is for everybody needing commercial analyses for the magnesium alloys market, 2023 to 2033, market-leading companies. You will find data, trends and predictions.
Table of Contents
1 Report Overview
- 1.1 Objectives of the Study
- 1.2 Introduction to Magnesium Alloys Market
- 1.3 What This Report Delivers
- 1.4 Why You Should Read This Report
- 1.5 Key Questions Answered by This Analytical Report
- 1.6 Who is This Report for?
- 1.7 Research Methodology
- 1.7.1 Market Definitions
- 1.7.2 Market Evaluation & Forecasting Methodology
- 1.7.3 Data Validation
- 1.7.3.1 Primary Research
- 1.7.3.2 Secondary Research
- 1.8 Frequently Asked Questions (FAQs)
- 1.9 Associated Reports
- 1.10 About
2 Executive Summary
- 2.1 Segment Analysis
- 2.1.1 Category Segment: Market Attractiveness Index
- 2.1.2 Processing Method Segment: Market Attractiveness Index
- 2.1.3 End-Use Segment: Market Attractiveness Index
- 2.1.4 Application Segment: Market Attractiveness Index
- 2.1.5 Type Segment: Market Attractiveness Index
- 2.2 Regional Analysis
3 Market Overview
- 3.1 Key Findings
- 3.2 Market Dynamics
- 3.2.1 Market Driving Factors
- 3.2.1.1 Increasing Demand for Lightweight Materials in the Manufacturing Industry
- 3.2.1.2 Advancements in Manufacturing Technologies Such as 3D Printing and Casting Methods
- 3.2.1.3 Development of New Alloys with Enhanced Properties
- 3.2.2 Market Restraining Factors
- 3.2.2.1 High Cost of Production and Processing of Magnesium Alloys
- 3.2.2.2 Intense Competition from Substitutes Such as Aluminium Alloys and Composites
- 3.2.2.3 Limited Availability of Magnesium Resources and Extraction Challenges
- 3.2.3 Market Opportunities
- 3.2.3.1 Development of New Applications for Magnesium Alloys
- 3.2.3.2 Increasing Investment in Research and Development of Magnesium Alloys
- 3.2.3.3 Growing Demand for Lightweight Materials
- 3.3 COVID-19 Impact Analysis
- 3.3.1 V-Shaped Recovery
- 3.3.2 W-Shaped Recovery
- 3.3.3 U-Shaped Recovery
- 3.3.4 L-Shaped Recovery
- 3.4 Porter's Five Forces Analysis
- 3.4.1 Bargaining Power of Suppliers
- 3.4.2 Bargaining Power of Buyers
- 3.4.3 Competitive Rivalry
- 3.4.4 Threat from Substitutes
- 3.4.5 Threat of New Entrants
- 3.5 PEST Analysis
- 3.5.1 Political Factors
- 3.5.2 Economic Factors
- 3.5.3 Social Factors
- 3.5.4 Technological Factors
4 Magnesium Alloys Market Analysis by Category
- 4.1 Key Findings
- 4.2 Category Segment: Market Attractiveness Index
- 4.3 Magnesium Alloys Market Size Estimation and Forecast by Category
- 4.4 Wrought Magnesium Alloys Marker
- 4.4.1 Market Size by Region, 2023-2033 (US$ Mn)
- 4.4.2 Market Share by Region, 2023 & 2033 (%)
- 4.5 Cast Magnesium Alloys Market
- 4.5.1 Market Size by Region, 2023-2033 (US$ Mn)
- 4.5.2 Market Share by Region, 2023 & 2033 (%)
5 Magnesium Alloys Market Analysis by Processing Method
- 5.1 Key Findings
- 5.2 Processing Method Segment: Market Attractiveness Index
- 5.3 Magnesium Alloys Market Size Estimation and Forecast by Processing Method
- 5.4 Solid State Processing Market
- 5.4.1 Market Size by Region, 2023-2033 (US$ Mn)
- 5.4.2 Market Share by Region, 2023 & 2033 (%)
- 5.5 Vapour Processing Market
- 5.5.1 Market Size by Region, 2023-2033 (US$ Mn)
- 5.5.2 Market Share by Region, 2023 & 2033 (%)
- 5.6 Liquid Processing Market
- 5.6.1 Market Size by Region, 2023-2033 (US$ Mn)
- 5.6.2 Market Share by Region, 2023 & 2033 (%)
6 Magnesium Alloys Market Analysis by End-Use
- 6.1 Key Findings
- 6.2 End-Use Segment: Market Attractiveness Index
- 6.3 Magnesium Alloys Market Size Estimation and Forecast by End-Use
- 6.4 Alloying with Aluminium Market
- 6.4.1 Market Size by Region, 2023-2033 (US$ Mn)
- 6.4.2 Market Share by Region, 2023 & 2033 (%)
- 6.5 As a Structural Metal Market
- 6.5.1 Market Size by Region, 2023-2033 (US$ Mn)
- 6.5.2 Market Share by Region, 2023 & 2033 (%)
- 6.6 Iron and Steel Processing Market
- 6.6.1 Market Size by Region, 2023-2033 (US$ Mn)
- 6.6.2 Market Share by Region, 2023 & 2033 (%)
- 6.7 Electrochemical Use Market
- 6.7.1 Market Size by Region, 2023-2033 (US$ Mn)
- 6.7.2 Market Share by Region, 2023 & 2033 (%)
7 Magnesium Alloys Market Analysis by Application
- 7.1 Key Findings
- 7.2 Application Segment: Market Attractiveness Index
- 7.3 Magnesium Alloys Market Size Estimation and Forecast by Application
- 7.4 Aerospace and Defence Market
- 7.4.1 Market Size by Region, 2023-2033 (US$ Mn)
- 7.4.2 Market Share by Region, 2023 & 2033 (%)
- 7.5 Automotive Industry Market
- 7.5.1 Market Size by Region, 2023-2033 (US$ Mn)
- 7.5.2 Market Share by Region, 2023 & 2033 (%)
- 7.6 Consumer Goods Market
- 7.6.1 Market Size by Region, 2023-2033 (US$ Mn)
- 7.6.2 Market Share by Region, 2023 & 2033 (%)
- 7.7 Medical Industry Market
- 7.7.1 Market Size by Region, 2023-2033 (US$ Mn)
- 7.7.2 Market Share by Region, 2023 & 2033 (%)
- 7.8 Other Application Market
- 7.8.1 Market Size by Region, 2023-2033 (US$ Mn)
- 7.8.2 Market Share by Region, 2023 & 2033 (%)
8 Magnesium Alloys Market Analysis by Type
- 8.1 Key Findings
- 8.2 Type Segment: Market Attractiveness Index
- 8.3 Magnesium Alloys Market Size Estimation and Forecast by Type
- 8.4 AZ31 Market
- 8.4.1 Market Size by Region, 2023-2033 (US$ Mn)
- 8.4.2 Market Share by Region, 2023 & 2033 (%)
- 8.5 AZ91 Market
- 8.5.1 Market Size by Region, 2023-2033 (US$ Mn)
- 8.5.2 Market Share by Region, 2023 & 2033 (%)
- 8.6 ZK60 Market
- 8.6.1 Market Size by Region, 2023-2033 (US$ Mn)
- 8.6.2 Market Share by Region, 2023 & 2033 (%)
- 8.7 Elektron 21 Market
- 8.7.1 Market Size by Region, 2023-2033 (US$ Mn)
- 8.7.2 Market Share by Region, 2023 & 2033 (%)
- 8.8 WE43 Market
- 8.8.1 Market Size by Region, 2023-2033 (US$ Mn)
- 8.8.2 Market Share by Region, 2023 & 2033 (%)
- 8.9 Other Type Market
- 8.9.1 Market Size by Region, 2023-2033 (US$ Mn)
- 8.9.2 Market Share by Region, 2023 & 2033 (%)
9 Magnesium Alloys Market Analysis by Region
- 9.1 Key Findings
- 9.2 Global Magnesium Alloys Market Forecast
- 9.3 Global Magnesium Alloys Market by Region
- 9.4 Global Magnesium Alloys Market by Category
- 9.5 Global Magnesium Alloys Market
- 9.6 Processing Method
- 9.7 Global Magnesium Alloys Market by End-Use
- 9.8 Global Magnesium Alloys Market by Application
- 9.9 Global Magnesium Alloys Market by Type
10 North America Magnesium Alloys Market Analysis
- 10.1 Key Findings
- 10.2 North America Magnesium Alloys Market Attractiveness Index
- 10.3 North America Magnesium Alloys Market Size Estimation and Forecast by Value
- 10.4 North America Magnesium Alloys Market Size Estimation and Forecast by Country
- 10.5 North America Magnesium Alloys Market Size Estimation and Forecast by Category
- 10.6 North America Magnesium Alloys Market Size Estimation and Forecast by Processing Method
- 10.7 North America Magnesium Alloys Market Size Estimation and Forecast by End-Use
- 10.8 North America Magnesium Alloys Market Size Estimation and Forecast by Application
- 10.9 North America Magnesium Alloys Market Size Estimation and Forecast by Type
- 10.10 U.S. Magnesium Alloys Market Analysis
- 10.11 Canada Magnesium Alloys Market Analysis
11 Europe Magnesium Alloys Market Analysis
- 11.1 Key Findings
- 11.2 Europe Magnesium Alloys Market Attractiveness Index
- 11.3 Europe Magnesium Alloys Market Size Estimation and Forecast by Value
- 11.4 Europe Magnesium Alloys Market Size Estimation and Forecast by Country
- 11.5 Europe Magnesium Alloys Market Size Estimation and Forecast by Category
- 11.6 Europe Magnesium Alloys Market Size Estimation and Forecast by Processing Method
- 11.7 Europe Magnesium Alloys Market Size Estimation and Forecast by End-Use
- 11.8 Europe Magnesium Alloys Market Size Estimation and Forecast by Application
- 11.9 Europe Magnesium Alloys Market Size Estimation and Forecast by Type
- 11.10 Germany Magnesium Alloys Market Analysis
- 11.11 UK Magnesium Alloys Market Analysis
- 11.12 France Magnesium Alloys Market Analysis
- 11.13 Ukraine Magnesium Alloys Market Analysis
- 11.14 Russia Magnesium Alloys Market Analysis
- 11.15 Rest of Europe Magnesium Alloys Market Analysis
12 Asia Pacific Magnesium Alloys Market Analysis
- 12.1 Key Findings
- 12.2 Asia Pacific Magnesium Alloys Market Attractiveness Index
- 12.3 Asia Pacific Magnesium Alloys Market Size Estimation and Forecast by Value
- 12.4 Asia Pacific Magnesium Alloys Market Size Estimation and Forecast by Country
- 12.5 Asia Pacific Magnesium Alloys Market Size Estimation and Forecast by Category
- 12.6 Asia Pacific Magnesium Alloys Market Size Estimation and Forecast by Processing Method
- 12.7 Asia Pacific Magnesium Alloys Market Size Estimation and Forecast by End-Use
- 12.8 Asia Pacific Magnesium Alloys Market Size Estimation and Forecast by Application
- 12.9 Asia Pacific Magnesium Alloys Market Size Estimation and Forecast by Type
- 12.10 China Magnesium Alloys Market Analysis
- 12.11 Malaysia Magnesium Alloys Market Analysis
- 12.12 Japan Magnesium Alloys Market Analysis
- 12.13 South Korea Magnesium Alloys Market Analysis
- 12.14 Australia Magnesium Alloys Market Analysis
- 12.15 Rest of Asia Pacific Magnesium Alloys Market Analysis
13 Middle East & Africa Magnesium Alloys Market Analysis
- 13.1 Key Findings
- 13.2 Middle East & Africa Magnesium Alloys Market Attractiveness Index
- 13.3 Middle East & Africa Magnesium Alloys Market Size Estimation and Forecast by Value
- 13.4 Middle East & Africa Magnesium Alloys Market Size Estimation and Forecast by Country
- 13.5 Middle East & Africa Magnesium Alloys Market Size Estimation and Forecast by Category
- 13.6 Middle East & Africa Magnesium Alloys Market Size Estimation and Forecast by Processing Method
- 13.7 Middle East & Africa Magnesium Alloys Market Size Estimation and Forecast by End-Use
- 13.8 Middle East & Africa Magnesium Alloys Market Size Estimation and Forecast by Application
- 13.9 Middle East & Africa Magnesium Alloys Market Size Estimation and Forecast by Type
- 13.10 GCC Magnesium Alloys Market Analysis
- 13.11 South Africa Magnesium Alloys Market Analysis
- 13.12 Rest of Middle East & Africa Magnesium Alloys Market Analysis
14 Latin America Magnesium Alloys Market Analysis
- 14.1 Key Findings
- 14.2 Latin America Magnesium Alloys Market Attractiveness Index
- 14.3 Latin America Magnesium Alloys Market Size Estimation and Forecast by Value
- 14.4 Latin America Magnesium Alloys Market Size Estimation and Forecast by Country
- 14.5 Latin America Magnesium Alloys Market Size Estimation and Forecast by Category
- 14.6 Latin America Magnesium Alloys Market Size Estimation and Forecast by Processing Method
- 14.7 Latin America Magnesium Alloys Market Size Estimation and Forecast by End-Use
- 14.8 Latin America Magnesium Alloys Market Size Estimation and Forecast by Application
- 14.9 Latin America Magnesium Alloys Market Size Estimation and Forecast by Type
- 14.10 Brazil Magnesium Alloys Market Analysis
- 14.11 Mexico Magnesium Alloys Market Analysis
- 14.12 Rest of Latin America Magnesium Alloys Market Analysis
15 Company Profiles
- 15.1 Competitive Landscape, 2022
- 15.2 Magnesium Elektron
- 15.2.1 Company Snapshot
- 15.2.2 Company Overview
- 15.2.3 Financial Analysis
- 15.2.3.1 Net Revenue, 2018-2022
- 15.2.3.2 R&D, 2018-2022
- 15.2.3.3 Regional Revenue Shares, 2022 (%)
- 15.2.3.4 Business Segment Revenue Shares, 2022 (%)
- 15.2.4 Product Benchmarking
- 15.3 Ka Shui International Holdings Ltd
- 15.3.1 Company Snapshot
- 15.3.2 Company Overview
- 15.3.3 Financial Analysis
- 15.3.3.1 Net Revenue, 2017-2021
- 15.3.3.2 Regional Revenue Shares, 2021 (%)
- 15.3.3.3 Business Segment Revenue Shares, 2021 (%)
- 15.3.4 Product Benchmarking
- 15.3.5 Strategic Outlook
- 15.4 Magontec
- 15.4.1 Company Snapshot
- 15.4.2 Company Overview
- 15.4.3 Financial Analysis
- 15.4.3.1 Net Revenue, 2018-2022
- 15.4.3.2 R&D, 2018-2022
- 15.4.3.3 Business Segment Revenue Shares, 2022 (%)
- 15.4.4 Product Benchmarking
- 15.5 U.S. Magnesium LLC
- 15.5.1 Company Snapshot
- 15.5.2 Company Overview
- 15.5.3 Product Benchmarking
- 15.6 Nanjing Yunhai Special Metals Co., Ltd.
- 15.6.1 Company Snapshot
- 15.6.2 Company Overview
- 15.6.3 Product Benchmarking
- 15.7 Meridian Lightweight Technologies Inc.
- 15.7.1 Company Snapshot
- 15.7.2 Company Overview
- 15.7.3 Product Benchmarking
- 15.7.4 Strategic Outlook
- 15.8 Advanced Magnesium Alloys Corporation (AMACOR)
- 15.8.1 Company Snapshot
- 15.8.2 Company Overview
- 15.8.3 Product Benchmarking
- 15.9 Shanghai Regal Magnesium Limited Company
- 15.9.1 Company Snapshot
- 15.9.2 Company Overview
- 15.9.3 Product Benchmarking
- 15.10 Shanxi Yinguang Huasheng Magnesium Co., Ltd.
- 15.10.1 Company Snapshot
- 15.10.2 Company Overview
- 15.10.3 Product Benchmarking
- 15.11 Shanxi Credit Magnesium Co., Ltd
- 15.11.1 Company Snapshot
- 15.11.2 Company Overview
- 15.11.3 Product Benchmarking
- 15.12 Dynacast International
- 15.12.1 Company Snapshot
- 15.12.2 Company Overview
- 15.12.3 Product Benchmarking
- 15.12.4 Strategic Outlook
- 15.13 POSCO
- 15.13.1 Company Snapshot
- 15.13.2 Company Overview
- 15.13.3 Financial Analysis
- 15.13.3.1 Net Revenue, 2018-2022
- 15.13.3.2 R&D, 2018-2022
- 15.13.3.3 Regional Revenue Shares, 2021 (%)
- 15.13.3.4 Business Segment Revenue Shares, 2021 (%)
- 15.13.4 Product Benchmarking
- 15.13.5 Strategic Outlook
- 15.14 Dead Sea Magnesium
- 15.14.1 Company Snapshot
- 15.14.2 Company Overview
- 15.14.3 Product Benchmarking
- 15.15 Smiths Advanced Metals
- 15.15.1 Company Snapshot
- 15.15.2 Company Overview
- 15.15.3 Product Benchmarking
- 15.16 Spartan Light Metal Products
- 15.16.1 Company Snapshot
- 15.16.2 Company Overview
- 15.16.3 Product Benchmarking
- 15.16.4 Strategic Outlook
16 Conclusion and Recommendations
- 16.1 Concluding Remarks from
- 16.2 Recommendations for Market Players