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Magnesium Alloys Market Size, Share & Trends Analysis Report By Application (Automotive & Transportation, Aerospace & Defense, Electronics), By Region (MEA, North America, APAC), And Segment Forecasts, 2020 - 2027

May 2020 | 112 pages | ID: M66F29D83A45EN
Grand View Research, Inc.

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Magnesium Alloys Market Growth & Trends

The global magnesium alloys market size is expected to reach USD 6.62 billion by 2027 registering a CAGR of 9.9%, according to a new report by Grand View Research, Inc. Increasing magnesium content per vehicle is projected to drive the demand of magnesium alloys products over the next forecast period.

Auto manufacturers are now shifting to lightweight materials, such as magnesium, aluminum, and composite materials, to reduce the emissions from vehicles. Rising preference for fuel-efficient vehicles is projected to boost the usage of such lightweight materials, thereby augmenting the product demand.

In terms of mass, magnesium is the lightest metallic material used in the die casting process. Magnesium alloys have 30% lesser density than aluminum, which boosts their usage in vehicles and aerospace applications. Also, as compared to aluminum and steel, these components can save nearly 25 to 40% and 55% of weights respectively.

Aerospace & defense sector is projected to provide numerous growth opportunities for the market as the product is widely used in airplane structures. China is a key producer of magnesium and accounted for more than 80% of the production in 2018, as per data published by the United States of Geological Survey. However, recent outbreak of coronavirus disease (COVID-19) is projected to hinder market growth in the country.

Numerous companies and research institutes are investing in R&D for the development of advanced products. This is likely to have a positive impact on the market growth. For instance, in July 2019, Monash University found a technique that can be useful in producing lightweight and stronger alloys for automotive and aircraft applications.

Magnesium Alloys Market Report Highlights
  • The automotive & transportation was the largest application segment in 2019 and is likely to expand further at the fastest CAGR during the forecast period
  • The growth of the segment is attributed to incessant production of vehicles and increasing magnesium content per vehicle
  • Asia Pacific held the highest volume share in 2019 and is projected to maintain its position during the forecast period
  • Rapid expansion of the automotive sector and increasing demand for electric vehicles (EVs) are anticipated to remain key drivers for the regional market
  • Key vendors in the global market are Magontec Ltd.; Magnesium Elektron Ltd.; Ka Shui International Holdings Ltd.
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market segmentation & scope
1.2. Market definition
1.3. Information procurement
  1.3.1. Purchased database
  1.3.2. GVR’s internal database
  1.3.3. Secondary sources & third-party perspectives
  1.3.4. Primary research
1.4. Information Analysis
  1.4.1. Data analysis models
1.5. Market formulation & data visualization
1.6. Data validation & publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market snapshot
2.2. Segmental outlook

CHAPTER 3. MAGNESIUM ALLOYS MARKET VARIABLES, TRENDS & SCOPE

3.1. Market outlook - Global magnesium industry outlook
3.2. Penetration & growth prospect mapping
3.3. Industry value chain analysis
  3.3.1. Raw material trends
  3.3.2. Manufacturing & technology trends
  3.3.3. Sales channel analysis
3.4. Regularity framework
3.5. Market Dynamics
  3.5.1. Market driver analysis
    3.5.1.1. Growing demand in automotive sector
  3.5.2. Market restraint analysis
    3.5.2.1. Volatility in raw material prices
  3.5.3. Industry challenges
3.6. Business environment analysis: Magnesium alloys market
  3.6.1. Industry analysis - Porter’s
  3.6.2. PESTEL analysis

CHAPTER 4. MAGNESIUM ALLOYS MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

4.1. Definition & scope
4.2. Application movement analysis & market share, 2019 & 2027
4.3. Market size & forecasts and trend analysis, 2016 to 2027
  4.3.1. Automotive & transportation
    4.3.1.1. Market estimates & forecasts, 2016 - 2027 (Kilotons, USD Million)
  4.3.2. Aerospace & defense
    4.3.2.1. Market estimates & forecasts, 2016 - 2027 (Kilotons, USD Million)
  4.3.3. Electronics
    4.3.3.1. Market estimates & forecasts, 2016 - 2027 (Kilotons, USD Million)
  4.3.4. Others
    4.3.4.1. Market estimates & forecasts, 2016 - 2027 (Kilotons, USD Million)

CHAPTER 5. MAGNESIUM ALLOYS MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

5.1. Regional market snapshot
5.2. North America
  5.2.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
  5.2.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
  5.2.3. U.S.
    5.2.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
    5.2.3.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
  5.2.4. Canada
    5.2.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
    5.2.4.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
  5.2.5. Mexico
    5.2.5.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
    5.2.5.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
5.3. Europe
  5.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
  5.3.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
  5.3.3. Germany
    5.3.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
    5.3.3.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
  5.3.4. France
    5.3.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
    5.3.4.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
  5.3.5. Russia
    5.3.5.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
    5.3.5.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
5.4. Asia Pacific
  5.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
  5.4.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
  5.4.3. China
    5.4.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
    5.4.3.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
  5.4.4. India
    5.4.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
    5.4.4.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
  5.4.5. Japan
    5.4.5.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
    5.4.5.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
5.5. Central & South America
  5.5.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
  5.5.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
  5.5.3. Brazil.
    5.5.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
    5.5.3.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
5.6. Middle East & Africa
  5.6.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
  5.6.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
  5.6.3. South Africa
    5.6.3.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
    5.6.3.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
  5.6.4. Saudi Arabia
    5.6.4.1. Market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
    5.6.4.2. Market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)

CHAPTER 6. MAGNESIUM ALLOYS MARKET - COMPETITIVE ANALYSIS

6.1. Key global players & recent developments & their impact on the industry
6.2. Vendor landscape
  6.2.1. List of key suppliers
  6.2.2. List of key end users
6.3. SWOT analysis (for top 3 public companies)

CHAPTER 7. COMPANY PROFILES

7.1. Magnesium Elektron
  7.1.1. Company overview
  7.1.2. Financial performance
  7.1.3. Product benchmarking
  7.1.4. Strategic initiatives
7.2. Jinwantong Magensium Industry Co. Ltd
  7.2.1. Company overview
  7.2.2. Financial performance
  7.2.3. Product benchmarking
  7.2.4. Strategic initiatives
7.3. Nanjing Yunhai Special Metals Co. Ltd
  7.3.1. Company overview
  7.3.2. Financial performance
  7.3.3. Product benchmarking
  7.3.4. Strategic initiatives
7.4. US Magnesium
  7.4.1. Company overview
  7.4.2. Financial performance
  7.4.3. Product benchmarking
  7.4.4. Strategic initiatives
7.5. Meridian Lightweight Technologies
  7.5.1. Company overview
  7.5.2. Financial performance
  7.5.3. Product benchmarking
  7.5.4. Strategic initiatives
7.6. Shanghai Regal Magnesium Ltd. Co.
  7.6.1. Company overview
  7.6.2. Financial performance
  7.6.3. Product benchmarking
  7.6.4. Strategic initiatives
7.7. Magontec
  7.7.1. Company overview
  7.7.2. Financial performance
  7.7.3. Product benchmarking
  7.7.4. Strategic initiatives
7.8. Fugu County Industry
  7.8.1. Company overview
  7.8.2. Financial performance
  7.8.3. Product benchmarking
  7.8.4. Strategic initiatives
7.9. Ningxia Hui-ye Magnesium Marketing Group Co. Ltd
  7.9.1. Company overview
  7.9.2. Financial performance
  7.9.3. Product benchmarking
  7.9.4. Strategic initiatives
7.10. YinguangWeijie Magnesium Industry Co. Ltd.
  7.10.1. Company overview
  7.10.2. Financial performance
  7.10.3. Product benchmarking
  7.10.4. Strategic initiatives

LIST OF TABLES

Table 1. Magnesium alloys market estimates and forecasts, in automotive & transportation, 2016 - 2027 (Kilotons, USD Million)
Table 2. Magnesium alloys market estimates and forecasts, in aerospace & defense, 2016 - 2027 (Kilotons, USD Million)
Table 3. Magnesium alloys market estimates and forecasts, in electronics, 2016 - 2027 (Kilotons, USD Million)
Table 4. Magnesium alloys market estimates and forecasts, in other applications, 2016 - 2027 (Kilotons, USD Million)
Table 5. North America magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 6. North America magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
Table 7. U.S. magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 8. U.S. magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
Table 9. Canada magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 10. Canada magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
Table 11. Mexico magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 12. Mexico magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
Table 13. Europe magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 14. Europe magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
Table 15. Germany magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 16. Germany magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
Table 17. France magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 18. France magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
Table 19. Russia magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 20. Russia magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
Table 21. Asia Pacific magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 22. Asia Pacific magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
Table 23. China magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 24. China magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
Table 25. India magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 26. India magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
Table 27. Japan magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 28. Japan magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
Table 29. Central & South America magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 30. Central & South America magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
Table 31. Brazil magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 32. Brazil magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
Table 33. Middle East & Africa magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 34. Middle East & Africa magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
Table 35. South Africa magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 36. South Africa magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)
Table 37. Saudi Arabia magnesium alloys market estimates and forecasts, 2016 - 2027 (Kilotons, USD Million)
Table 38. Saudi Arabia magnesium alloys market estimates and forecasts, by application, 2016 - 2027 (Kilotons, USD Million)

LIST OF FIGURES

Fig. 1 Magnesium alloys market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Segmental outlook
Fig. 7 Market outlook
Fig. 8 Penetration & growth prospect mapping
Fig. 9 Value chain analysis
Fig. 10 Market driver analysis
Fig. 11 Market restraint analysis
Fig. 12 Porter’s analysis
Fig. 13 PESTEL analysis
Fig. 14 Magnesium alloys market: Application movement analysis, 2019 & 2027
Fig. 15 Regional snapshot
Fig. 16 Magnesium alloys market: Regional movement analysis, 2019 & 2027
Fig. 17 SWOT analysis


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