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全球镁合金市场：按合金类型、最终用户、产品形式、地区、范围和预测

Global Magnesium Alloys Market By Type of Alloy (Cast Alloys, Wrought Alloys), By End-User (Automotive, Aerospace, Electronic Devices, Medical Devices), By Product Form (Bars and Rods, Sheets and Plates, Powder), By Geographic Scope and Forecast

出版日期: 2024年07月27日 | 出版商:

Verified Market Research | 英文 202 Pages | 商品交期: 2-3个工作天内

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简介目录

镁合金市场规模及预测

2024年镁合金市场规模为24.6亿美元，预计2024-2031年复合年增长率为6.40%，预计到2031年将达到74.5亿美元。镁合金是主要由镁製成的金属材料，通常与铝、锌和锰等元素形成合金以改善其性能。这些合金以其轻量化设计和高强度重量比而闻名，广泛应用于汽车、航空航太、电子和医疗设备等多种行业。汽车、飞机和电子产品外壳都受益于轻质零件。

镁合金的未来充满希望，正在进行的研究旨在提高机械性能、耐腐蚀性和可回收性，使其对于先进技术应用和永续製造实践更有价值。

世界镁合金市场动态

塑造全球镁合金市场的主要市场动态

主要市场驱动因子

汽车产业的需求不断成长：

汽车产业的需求不断成长：镁合金广泛应用于汽车产业，因为其轻质特性可提高燃油效率并减少排放。镁合金用于製造车轮、引擎缸体和变速箱壳体等零件。 2024 年 8 月，福特汽车宣布了一项新举措，将在其下一代电动车车型中使用镁合金，以提高性能并减轻重量。

扩大航空航太应用：

由于镁合金具有高强度重量比，因此在航空航天工业中越来越受欢迎。镁合金用于飞机零件和结构，以减轻整体重量，同时提高燃油效率。 2024年7月，欧洲太空总署（ESA）宣布计画在下一代卫星零件中使用先进的镁合金，以提高耐用性和性能。

合金製造的技术进步：

合金製造技术的进步提高了镁合金的品质和性能，使其适合各种应用。 2024年6月，领先製造商Magnesium Elektron宣布了一项新的生产技术，可降低生产成本，同时提高镁合金的机械性能。

政府措施与政策：

政府减少二氧化碳排放和提高能源效率的政策和激励措施将增加对镁合金等轻质材料的需求。 2024年5月，美国能源部宣布了一项新的拨款计划，支持镁合金等先进轻质材料的研发，以提高交通能源效率。

主要问题

製造成本高：

镁合金是透过复杂且昂贵的製程製造的，包括高温处理和特殊设备。与铝或钢等替代品相比，这可能会导致成品成本更高。镁合金的高成本限制了其应用，特别是在汽车和消费性电子产品等成本敏感行业。

耐腐蚀问题：

镁合金具有腐蚀性，尤其是暴露在潮湿或盐中时。此漏洞可能需要额外的保护涂层或处理，从而增加整体成本和复杂性。对有效腐蚀保护的需求可能会限制镁合金的实际应用，并使它们与承受恶劣环境的产品的整合变得复杂。

原料供应有限：

镁的储量低于其他金属，并且需要大量能源来提取和加工。供应有限可能导致镁价格波动，可能导致供应链中断。镁的供应量和价格的波动会影响镁合金市场的稳定性和可预测性。

监理与环境问题：

在生产和处置镁合金时，必须考虑能源消耗和废弃物管理等环境因素。收紧环境法规可能会增加製造商的合规成本。满足监管要求和解决环境问题可能会增加营运成本并影响镁合金市场的成长。

主要趋势：

增加电动车 (EV) 的使用：

镁合金越来越多地用于电动车，因为其重量轻，可以提高电池效率和车辆整体性能。随着电动车市场的扩大，镁合金的需求预计将增加。这是因为汽车製造商希望他们的汽车更轻、更节能。

合金技术的进步：

加强研发力道将带来镁合金成分和加工技术的创新。具有更高强度和耐腐蚀性的新型合金正在开发中。这些技术进步扩大了镁合金的应用范围，使其相对于其他轻质材料更具竞争力。

日益关注永续发展：

永续性和环境影响在整个产业中变得越来越重要。镁合金重量轻，有助于降低燃料消耗和排放，并作为环保替代材料推广。这一趋势正在推动镁合金在汽车和航空航天等行业的使用，这些行业的可持续性变得越来越重要。

航空航太与国防应用的成长：

由于镁合金具有高强度重量比，因此在航空航天和国防应用中越来越受欢迎。合金配方创新使镁合金适用于苛刻的航空航天环境。航空航太和国防领域的扩张正在为飞机零件、卫星结构和军事设备中使用的镁合金开闢新的市场。

Magnesium Alloys Market size was valued at USD 2.46 Billion in 2024 and is projected to reach USD 7.45 Billion by 2031 , growing at a CAGR of 6.40% from 2024 to 2031. Magnesium alloys are metallic materials made primarily of magnesium and frequently alloyed with elements like aluminum, zinc, or manganese to improve their properties. These alloys, known for their lightweight design and high strength-to-weight ratio, are widely used in a variety of industries, including automotive, aerospace, electronics, and medical devices. Vehicles, aircraft, and electronic housings all benefit from lightweight components.

The future of magnesium alloys looks promising, with ongoing research aimed at improving their mechanical properties, corrosion resistance, and recyclability, making them more valuable for advanced technology applications and sustainable manufacturing practices.

Global Magnesium Alloys Market Dynamics

The key market dynamics that are shaping the global magnesium alloys market include:

Key Market Drivers:

Increasing Demand in Automotive Industry:

Magnesium alloys are widely used in the automotive industry because of their lightweight properties, which improve fuel efficiency and reduce emissions. Magnesium alloys are used in parts like wheels, engine blocks, and transmission casings. In August 2024, Ford Motor Company announced a new initiative to use magnesium alloys in their upcoming electric vehicle models to improve performance and weight reduction.

Growing Aerospace Applications:

Magnesium alloys are becoming increasingly popular in the aerospace industry due to their high strength-to-weight ratio. They are used in aircraft components and structures to reduce overall weight while increasing fuel efficiency. In July 2024, the European Space Agency (ESA) announced plans to use advanced magnesium alloys in their next generation of satellite components to enhance durability and performance.

Technological Advancements in Alloy Production:

Technological advancements in alloy production have enhanced the quality and properties of magnesium alloys, making them more suitable for various applications. In June 2024 Magnesium Elektron, a leading manufacturer, announced a new production technique that lowers production costs while improving the mechanical properties of magnesium alloys.

Government Initiatives and Policies Driver:

Government policies and incentives to reduce carbon emissions and promote energy efficiency increase demand for lightweight materials like magnesium alloys. In May 2024, the United States Department of Energy announced a new grant program to support research and development in advanced lightweight materials, such as magnesium alloys, to improve transportation energy efficiency.

Key Challenges:

High Cost of Production:

Magnesium alloys are produced using complex and expensive processes, such as high-temperature treatments and specialized equipment. This can increase the cost of finished products when compared to alternatives such as aluminum or steel. The high cost of magnesium alloys may limit their adoption, especially in cost-sensitive industries such as automotive and consumer electronics.

Corrosion Resistance Concerns:

Magnesium alloys are corrosive, particularly when exposed to moisture and salt. This vulnerability necessitates additional protective coatings or treatments, which can increase overall cost and complexity. The need for effective corrosion protection can limit the practical applications of magnesium alloys and complicate their integration into harsh-environment-resistant products.

Limited Raw Material Supply:

Magnesium is less abundant than other metals and requires a lot of energy to extract and process. Magnesium prices may fluctuate due to limited supply, causing supply chain disruptions. Changes in magnesium availability and price can have an impact on the magnesium alloys market's stability and predictability.

Regulatory and Environmental Concerns:

Environmental factors such as energy consumption and waste management must be considered when producing and disposing of magnesium alloys. Stricter environmental regulations can increase compliance costs for manufacturers. Navigating regulatory requirements and dealing with environmental concerns can raise operational costs and have an impact on magnesium alloy market growth.

Key Trends:

Growing Use in Electric Vehicles (EVs):

Magnesium alloys are increasingly used in electric vehicles because they are lightweight, which improves battery efficiency and overall vehicle performance. As the electric vehicle market expands, demand for magnesium alloys is expected to rise, driven by automakers' desire to reduce vehicle weight and improve energy efficiency.

Advances in Alloy Technology:

Rising research and development yields innovations in magnesium alloy compositions and processing techniques. New alloys with improved properties, such as increased strength and corrosion resistance, are under development. These technological advancements are broadening the applications for magnesium alloys and increasing their competitiveness against other lightweight materials.

Increasing focus on Sustainability:

Sustainability and environmental impact are becoming increasingly important across industries. Magnesium alloys are being promoted as environmentally friendly alternatives because of their light weight, which contributes to lower fuel consumption and emissions. This trend is driving the use of magnesium alloys in industries such as automotive and aerospace, where sustainability is becoming an important consideration.

Growth in Aerospace and Defense Applications:

Magnesium alloys are becoming increasingly popular in aerospace and defense applications due to their high strength-to-weight ratio. Alloy formulation innovations are making them more suitable for demanding aerospace environments. The expansion of the aerospace and defense sectors is opening up new markets for magnesium alloys, which are used in aircraft components, satellite structures, and military equipment.

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Global Magnesium Alloys Market Regional Analysis

Here is a more detailed regional analysis of the global magnesium alloys market:

Asia Pacific:

Asia Pacific dominates the global magnesium alloys market because of its strong manufacturing base and high demand from key industries such as automotive, aerospace, and electronics. Countries such as China, Japan, and South Korea are major producers and consumers of magnesium alloys, thanks to advanced manufacturing technologies and a thriving industrial sector. For instance, in August 2023, China's Zhejiang Jinfei Machinery Co., Ltd. announced an increase in magnesium alloy production capacity to meet rising demand from the automotive and electronics industries.

Furthermore, the Asia Pacific region's magnesium alloys market continues to grow rapidly, owing to industrialization and infrastructure development. In September 2023, India's Bharat Forge Ltd. announced plans to invest in new magnesium alloy production facilities to meet rising demand in the automotive and aerospace industries. The region's favorable regulatory environment and supportive government policies boost its global growth prospects.

North America:

North America is the fastest-growing region in the global magnesium alloys market, owing to increased investments in high-tech applications and the automotive industry. The region's expansion is due to the increasing use of magnesium alloys in lightweight vehicle components and advanced aerospace technologies. In June 2024 Advanced Magnesium Alloys Corp., based in the United States, announced a new facility in Michigan to produce high-performance magnesium alloys for the automotive industry, demonstrating the region's commitment to expanding its market share.

Furthermore, supportive government policies and initiatives aimed at improving domestic production capabilities are driving North America's expansion. In July 2024, the Canadian government announced a funding program to support magnesium alloy research and development, with the goal of increasing regional innovation and production. These initiatives are expected to drive additional growth in North America's magnesium alloys market, capitalizing on the growing demand for lightweight and high-strength materials.

Global Magnesium Alloys Market: Segmentation Analysis

The Global Magnesium Alloys Market is segmented on the basis of Type of Alloy, End-User, Product Form, and Geography.

Magnesium Alloys Market, By Type of Alloy

Cast Alloys
Wrought Alloys

Based on Type of Alloy, the Global Magnesium Alloys Market is segmented into Cast Alloys and Wrought Alloys. Wrought alloys dominate the market due to their superior mechanical properties and applications in the automotive and aerospace industries. Cast Alloys are the fastest-growing segment, thanks to advances in casting techniques and increased use in a variety of industrial applications.

Magnesium Alloys Market, By End-User

Automotive
Aerospace
Electronic Devices
Medical Devices

Based on End-User, the Global Magnesium Alloys Market is segmented into Automotive, Aerospace, Electronic Devices, and Medical Devices. The automotive industry is the primary end user, driven by the need for lightweight materials to improve fuel efficiency and performance. The aerospace sector is the fastest-growing segment, driven by technological advancements and the increased use of magnesium alloys in aircraft components to reduce weight and improve fuel efficiency.

Magnesium Alloys Market, By Product Form

Bars and Rods
Sheets and Plates
Powder

Based on Product Form, the Global Magnesium Alloys Market is segmented into Bars and Rods, Sheets and Plates, and Powder. Bars and rods are the most common product form as they are widely used as structural components in automotive and aerospace applications. The powder segment is the fastest-growing, owing to its applications in additive manufacturing and rising demand for magnesium alloy powders in a variety of advanced technologies.

Magnesium Alloys Market, By Geography

North America
Europe
Asia Pacific
Rest of the World
On the basis of Geography, the Global Magnesium Alloys Market are classified into North America, Europe, Asia Pacific, and Rest of World. Asia Pacific is the dominant region due to its extensive manufacturing capabilities and high demand in industries such as automotive and aerospace. North America is the fastest-growing region, thanks to increased investments in advanced manufacturing technologies and a greater emphasis on lightweight materials in the automotive industry.

Key Players

The "Global Magnesium Alloys Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
Magnesium Elektron, Ka Shui International Holdings Ltd., Magontec, S. Magnesium LLC, Nanjing Yunhai Special Metals Co. Ltd., Smiths Advanced Metals, Dead Sea Magnesium Ltd

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Magnesium Alloys Market: Recent Developments
In March 2024, Toyota unveiled its new vehicle model, which uses advanced magnesium alloys to reduce weight and improve fuel efficiency. This development is a significant step in the automotive industry's transition to lighter materials.
In April 2024, Mag Specialties, Inc. formed a strategic partnership with a leading aerospace company to create high-performance magnesium alloys for aircraft components. This collaboration is expected to improve the material's properties for use in harsh aerospace environments.
In January 2024, In Materion Corporation has unveiled a new line of magnesium alloys designed for increased strength and light weight. These alloys are designed for automotive and aerospace applications, promising improved performance and fuel efficiency.

1. Introduction

Market Definition
Market Segmentation
Research Methodology

2. Executive Summary

Key Findings
Market Overview
Market Highlights

3. Market Overview

Market Size and Growth Potential
Market Trends
Market Drivers
Market Restraints
Market Opportunities
Porter's Five Forces Analysis

4. Magnesium Alloys Market, By Type of Alloy

Cast Alloys
Wrought Alloys

5. Magnesium Alloys Market, By Product Form

Bars and Rods
Sheets and Plates
Powder

6. Magnesium Alloys Market, By End-Use Industries

Automotive
Aerospace
Electronic Devices
Medical Devices

7. Regional Analysis

North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Asia-Pacific
China
Japan
India
Australia
Latin America
Brazil
Argentina
Chile
Middle East and Africa
South Africa
Saudi Arabia
UAE

8. Market Dynamics

Market Drivers
Market Restraints
Market Opportunities
Impact of COVID-19 on the Market

9. Competitive Landscape

Key Players
Market Share Analysis

10. Company Profiles

Magnesium Elektron
Ka Shui International Holdings Ltd.
Magontec
U.S. Magnesium LLC
Nanjing Yunhai Special Metals Co. Ltd.
Meridian Lightweight Technologies
Smiths Advanced Metals
Dead Sea Magnesium Ltd.

11. Market Outlook and Opportunities

Emerging Technologies
Future Market Trends
Investment Opportunities

12. Appendix

List of Abbreviations
Sources and References

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License/价格

全球镁合金市场：按合金类型、最终用户、产品形式、地区、范围和预测

Global Magnesium Alloys Market By Type of Alloy (Cast Alloys, Wrought Alloys), By End-User (Automotive, Aerospace, Electronic Devices, Medical Devices), By Product Form (Bars and Rods, Sheets and Plates, Powder), By Geographic Scope and Forecast

镁合金市场规模及预测

世界镁合金市场动态

目录

第1章简介

第 2 章执行摘要

第3章市场概述

第4章镁合金市场：依合金类型

第5章镁合金市场：依产品形式

第6章镁合金市场：依最终用途产业划分

第7章区域分析

第 8 章市场动态

第9章竞争态势

第10章公司简介

第 11 章市场前景与机会

第12章附录

Magnesium Alloys Market Size and Forecast