Magnesium metal is a type of a light metal which is silvery white in color. Magnesium metal is very light as compared to the other metals used for structural purposes such as aluminum and steel. Moreover, magnesium metal can be derived from various sources such as sea salt or electrolysis of brine solution, as it is one of the most abundantly available element in the world. Magnesium metal also finds its applications across a various end user industries such as production of aluminum alloys and die-castings, owing to its physical properties and low density.
Market Dynamics
The global magnesium metal market has witnessed an increase in growth in terms of revenue, in recent past years, owing to the rising demand of magnesium from the aerospace, automotive, and healthcare industry. This is mainly due to lower weight and superior compressive strength. Furthermore, the surge in growth of automotive and aerospace industries in emerging economies across the globe is further anticipated to provide lucrative growth to global magnesium metal market in the forthcoming years.
On the basis of application, the global magnesium metal market is bifurcated in to aluminum alloys, die-casting, metal reduction, desulphurization and others. Among regions, Asia Pacific is expected to observe substantial growth in term of revenue, during the forecast period, owing to the steady rise in growth of various end user industries such as electronics, automotive, pharmaceutical, and packaging and others.
Key features of the study:
- This report provides in-depth analysis of global magnesium metal market size (US$ Billion and Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2023 – 2030), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
- It profiles leading players in the global magnesium metal market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study includes US Magnesium LLC., Dead Sea Magnesium Ltd., POSCO, RIMA Group, Solikamsk Magnesium Works OAO, Wenxi YinGuang Magnesium Industry (Group) Co., Ltd., Shanxi Wenxi Hongfu Magnesium Co., Ltd., Shanxi Wenxi Zhenxin Magnesium Co., Ltd., and Taiyuan Tongxiang Magnesium Co., Ltd.
- Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
- The global magnesium metal market report caters to various stakeholders in this industry including investors, suppliers, global magnesium metal manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global magnesium metal market
Detailed Segmentation:
- Global Magnesium Metal Market, By Application:
- Die-casting
- Aluminum Alloys
- Metal Reduction
- Desulphurization
- Others
- Global Magnesium Metal Market, By Region:
- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- France
- Germany
- Italy
- Spain
- U.K.
- Nordic
- Benelux
- Russia
- Poland
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia & New Zealand
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
- Company Profiles
- US Magnesium LLC *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Dead Sea Magnesium Ltd.
- POSCO
- RIMA Group
- Solikamsk Magnesium Works OAO
- Wenxi YinGuang Magnesium Industry (Group) Co., Ltd.
- Shanxi Wenxi Hongfu Magnesium Co., Ltd.
- Shanxi Wenxi Zhenxin Magnesium Co., Ltd.
- Taiyuan Tongxiang Magnesium Co., Ltd.
“*” marked represents similar segmentation in other categories in the respective section.
