Magnesium Metal Market, By Application (Die-casting, Aluminum Alloys, Metal Reduction, Desulphurization, Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : May 2023

Code : CMI3657

Pages :120

Formats :

Excel and PDF

Industry : Advanced Materials

Market Challenges And Opportunities

Global Magnesium Metal Market: Market Restraints

Strict rules and regulations regarding automotive and areospace

Magnesium metal is highly suitable for welding and is chemically reactive, which is expected to restrict the adoption of magnesium metal. Moreover, it is not suitable for heat applications and it gets shrinks at extremely cold temperatures. All these disadvantages are expected to restrict the adoption of magnesium metal, which in turn expected to hinder the market growth over the forecast period.

Use of magnesium metal and its alloys for certain applications such as automotive and aerospace are required to follow some regulatory bodies and this is expected to hinder the market growth of magnesium metal. Due to strict rules and regulations major players are restricting the adoption of magnesium metal, which is expected to hinder the market growth.