The magnesium alloys market is estimated at USD 1.30 billion in 2018 and is projected to reach USD 2.37 billion by 2023, at a CAGR of 12.7% during the forecast period. The report also provides a comprehensive analysis of the companies include Magnesium Elektron (UK), Nanjing Yunhai Special Metals Co. Ltd. (China), Ka Shui International Holdings Ltd. (China), US Magnesium (US), Meridian Lightweight Technologies (US), Shanghai Regal Magnesium Ltd. Co. (China), Magontec (Australia), Shanxi Credit Magnesium Co. Ltd. (China), Shanxi Yinguang Huasheng Magnesium (China), AMACOR (US).
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Browse Sample Papers of “Magnesium Alloys Market “spread across 120 Pages, Profiling 10 Companies and Supported with 80 Tables and 37 Figures is now available at:www.reportsnreports.com/contacts/r…aspx?name=1489456
“Magnesium alloys market projected to grow at a CAGR of 12.7% during forecast period”
The magnesium alloys market is estimated at USD 1.30 billion in 2018 and is projected to reach USD 2.37 billion by 2023, at a CAGR of 12.7% during the forecast period. The major factor driving the growth of the market is the increasing demand for magnesium alloys from the automotive & transportation applications due to fuel efficiency and emission regulations.
However, the uncertainty of magnesium prices may restrain the growth of the market.
Table of Contents:-
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macroeconomic Overview and Key Trends
7 Magnesium Alloys Market, By Alloy Type
8 Magnesium Alloys Market, By End-Use Industry
9 Magnesium Alloys Market, By Region
10 Competitive Landscape
11 Company Profiles
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“Cast alloy projected to be the fastest-growing alloy type segment of magnesium alloys market during forecast period.”
Magnesium alloys possess excellent casting properties and cast alloys are cheaper than wrought alloys.
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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.
“Asia Pacific expected to be the fastest-growing market for magnesium alloys during forecast period”
Asia Pacific is expected to be the fastest-growing market for magnesium alloys during the forecast period, with China leading the market in 2017. The magnesium alloys market in the Asia Pacific region is driven by the increasing consumption of magnesium alloys products in the automotive & transportation and electronics applications.
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This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into following three categories:
- By Company Type: Tier 1—50%, Tier 2—25%, and Tier 3—25%
- By Designation: C Level—42%, Director Level—33%, and Others—25%
- By Region: North America—36%, Europe—36%, AsiaPacific—21%, and RoW—7%
This report also provides a comprehensive analysis of the companies listed below:
- Magnesium Elektron (UK)
- Nanjing Yunhai Special Metals Co. Ltd. (China)
- Ka Shui International Holdings Ltd. (China)
- US Magnesium (US)
- Meridian Lightweight Technologies (US)
- Shanghai Regal Magnesium Ltd. Co. (China)
- Magontec (Australia)
- Shanxi Credit Magnesium Co. Ltd. (China)
- Shanxi Yinguang Huasheng Magnesium (China)
- AMACOR (US)
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This report covers the market for magnesium alloys and forecasts the market size until 2023. The report includes the market segmentation by alloy type (cast alloys, wrought alloys); end-use industries (automotive & transportation, electronics, aerospace & defense, power tools, others); and region (North America, Europe, APAC, Latin America, Middle East & Africa).
The Porter’s Five Forces analysis, along with drivers, restraints, challenges, and opportunities have been discussed in the report. The report also provides company profiles and competitive strategies adopted by major players in the magnesium alloys market.