Magnesium Alloys Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Magnesium-alloy-based products have the lowest density of most of the engineering materials. The penetration of these products is predicted to increase despite volatility in costs and supply. Recyclability is another crucial characteristic of magnesium, wherein it is likely to recycle approximately 99% of magnesium parts, which is projected to lessen the costs in automotive & transportation applications. Further, magnesium alloys find applications in transmission castings, jet engine fan frames, and missiles.
MARKET DYNAMICS
The market's growth can be attributed to the massive demand for magnesium alloys from the electronics, medical, automotive & transportation, aerospace & defense, and power tools industries. Also, the augmented demand for magnesium alloys for lightweight automotive parts is the other factor anticipated to propel the market growth during the forecast period. However, the uncertainty of magnesium prices and issues related to weldability and corrosion resistance is predicted to be restraints for the development of this market.
MARKET SCOPE
The "Global Magnesium Alloys Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the magnesium alloys market with detailed market segmentation by application. The global magnesium alloys market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading magnesium alloys market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global magnesium alloys market is segmented into application. By application, the magnesium alloys market is classified into Automotive & Transportation, Aerospace & Défense, Electronics, Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global magnesium alloys market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The magnesium alloys market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the magnesium alloys market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the magnesium alloys market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global magnesium alloys market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The magnesium alloys market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the magnesium alloys market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the magnesium alloys market in these regions.
MARKET PLAYERS
The report covers vital developments in the magnesium alloys market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the magnesium alloys market are anticipated to lucrative growth opportunities in the future with the rising demand for magnesium alloys in the global market. Below mentioned is the list of few companies engaged in the magnesium alloys market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the magnesium alloys market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
1. Nanjing Yunhai Special Metals Co
2. Magontec Ltd.
3. Globe Specialty Metals
4. Fugu Jinwantong Magnesium Industry Co.
5. Weijie Magnesium Industry Co.
6. Magnesium Elektron
7. Ka Shui International Holdings Ltd.
8. US Magnesium
9. Meridian Lightweight Technologies
10. Shanghai Regal Magnesium Ltd. Co.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Magnesium Alloys Market - By Application
1.3.2 Magnesium Alloys Market - By Region
1.3.2.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MAGNESIUM ALLOYS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. MAGNESIUM ALLOYS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MAGNESIUM ALLOYS MARKET - GLOBAL MARKET ANALYSIS
6.1. MAGNESIUM ALLOYS - GLOBAL MARKET OVERVIEW
6.2. MAGNESIUM ALLOYS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MAGNESIUM ALLOYS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. AUTOMOTIVE AND TRANSPORTATION
7.3.1. Overview
7.3.2. Automotive and Transportation Market Forecast and Analysis
7.4. AEROSPACE AND DéFENSE
7.4.1. Overview
7.4.2. Aerospace and Défense Market Forecast and Analysis
7.5. ELECTRONICS
7.5.1. Overview
7.5.2. Electronics Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. MAGNESIUM ALLOYS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1 North America Magnesium Alloys Market Overview
8.1.2 North America Magnesium Alloys Market Forecasts and Analysis
8.1.3 North America Magnesium Alloys Market Forecasts and Analysis - By Application
8.1.4 North America Magnesium Alloys Market Forecasts and Analysis - By Countries
8.1.4.1 United States Magnesium Alloys Market
8.1.4.1.1 United States Magnesium Alloys Market by Application
8.1.4.2 Canada Magnesium Alloys Market
8.1.4.2.1 Canada Magnesium Alloys Market by Application
8.1.4.3 Mexico Magnesium Alloys Market
8.1.4.3.1 Mexico Magnesium Alloys Market by Application
8.2. EUROPE
8.2.1 Europe Magnesium Alloys Market Overview
8.2.2 Europe Magnesium Alloys Market Forecasts and Analysis
8.2.3 Europe Magnesium Alloys Market Forecasts and Analysis - By Application
8.2.4 Europe Magnesium Alloys Market Forecasts and Analysis - By Countries
8.2.4.1 Germany Magnesium Alloys Market
8.2.4.1.1 Germany Magnesium Alloys Market by Application
8.2.4.2 France Magnesium Alloys Market
8.2.4.2.1 France Magnesium Alloys Market by Application
8.2.4.3 Italy Magnesium Alloys Market
8.2.4.3.1 Italy Magnesium Alloys Market by Application
8.2.4.4 United Kingdom Magnesium Alloys Market
8.2.4.4.1 United Kingdom Magnesium Alloys Market by Application
8.2.4.5 Russia Magnesium Alloys Market
8.2.4.5.1 Russia Magnesium Alloys Market by Application
8.2.4.6 Rest of Europe Magnesium Alloys Market
8.2.4.6.1 Rest of Europe Magnesium Alloys Market by Application
8.3. ASIA-PACIFIC
8.3.1 Asia-Pacific Magnesium Alloys Market Overview
8.3.2 Asia-Pacific Magnesium Alloys Market Forecasts and Analysis
8.3.3 Asia-Pacific Magnesium Alloys Market Forecasts and Analysis - By Application
8.3.4 Asia-Pacific Magnesium Alloys Market Forecasts and Analysis - By Countries
8.3.4.1 Australia Magnesium Alloys Market
8.3.4.1.1 Australia Magnesium Alloys Market by Application
8.3.4.2 China Magnesium Alloys Market
8.3.4.2.1 China Magnesium Alloys Market by Application
8.3.4.3 India Magnesium Alloys Market
8.3.4.3.1 India Magnesium Alloys Market by Application
8.3.4.4 Japan Magnesium Alloys Market
8.3.4.4.1 Japan Magnesium Alloys Market by Application
8.3.4.5 South Korea Magnesium Alloys Market
8.3.4.5.1 South Korea Magnesium Alloys Market by Application
8.3.4.6 Rest of Asia-Pacific Magnesium Alloys Market
8.3.4.6.1 Rest of Asia-Pacific Magnesium Alloys Market by Application
8.4. MIDDLE EAST AND AFRICA
8.4.1 Middle East and Africa Magnesium Alloys Market Overview
8.4.2 Middle East and Africa Magnesium Alloys Market Forecasts and Analysis
8.4.3 Middle East and Africa Magnesium Alloys Market Forecasts and Analysis - By Application
8.4.4 Middle East and Africa Magnesium Alloys Market Forecasts and Analysis - By Countries
8.4.4.1 South Africa Magnesium Alloys Market
8.4.4.1.1 South Africa Magnesium Alloys Market by Application
8.4.4.2 Saudi Arabia Magnesium Alloys Market
8.4.4.2.1 Saudi Arabia Magnesium Alloys Market by Application
8.4.4.3 U.A.E Magnesium Alloys Market
8.4.4.3.1 U.A.E Magnesium Alloys Market by Application
8.4.4.4 Rest of Middle East and Africa Magnesium Alloys Market
8.4.4.4.1 Rest of Middle East and Africa Magnesium Alloys Market by Application
8.5. SOUTH AND CENTRAL AMERICA
8.5.1 South and Central America Magnesium Alloys Market Overview
8.5.2 South and Central America Magnesium Alloys Market Forecasts and Analysis
8.5.3 South and Central America Magnesium Alloys Market Forecasts and Analysis - By Application
8.5.4 South and Central America Magnesium Alloys Market Forecasts and Analysis - By Countries
8.5.4.1 Brazil Magnesium Alloys Market
8.5.4.1.1 Brazil Magnesium Alloys Market by Application
8.5.4.2 Argentina Magnesium Alloys Market
8.5.4.2.1 Argentina Magnesium Alloys Market by Application
8.5.4.3 Rest of South and Central America Magnesium Alloys Market
8.5.4.3.1 Rest of South and Central America Magnesium Alloys Market by Application
9. INDUSTRY LANDSCAPE
9.1. MERGERS AND ACQUISITIONS
9.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
9.3. NEW PRODUCT LAUNCHES
9.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
10. MAGNESIUM ALLOYS MARKET, KEY COMPANY PROFILES
10.1. NANJING YUNHAI SPECIAL METALS CO
10.1.1. Key Facts
10.1.2. Business Description
10.1.3. Products and Services
10.1.4. Financial Overview
10.1.5. SWOT Analysis
10.1.6. Key Developments
10.2. MAGONTEC LTD.
10.2.1. Key Facts
10.2.2. Business Description
10.2.3. Products and Services
10.2.4. Financial Overview
10.2.5. SWOT Analysis
10.2.6. Key Developments
10.3. GLOBE SPECIALTY METALS
10.3.1. Key Facts
10.3.2. Business Description
10.3.3. Products and Services
10.3.4. Financial Overview
10.3.5. SWOT Analysis
10.3.6. Key Developments
10.4. FUGU JINWANTONG MAGNESIUM INDUSTRY CO.
10.4.1. Key Facts
10.4.2. Business Description
10.4.3. Products and Services
10.4.4. Financial Overview
10.4.5. SWOT Analysis
10.4.6. Key Developments
10.5. WEIJIE MAGNESIUM INDUSTRY CO.
10.5.1. Key Facts
10.5.2. Business Description
10.5.3. Products and Services
10.5.4. Financial Overview
10.5.5. SWOT Analysis
10.5.6. Key Developments
10.6. MAGNESIUM ELEKTRON
10.6.1. Key Facts
10.6.2. Business Description
10.6.3. Products and Services
10.6.4. Financial Overview
10.6.5. SWOT Analysis
10.6.6. Key Developments
10.7. KA SHUI INTERNATIONAL HOLDINGS LTD.
10.7.1. Key Facts
10.7.2. Business Description
10.7.3. Products and Services
10.7.4. Financial Overview
10.7.5. SWOT Analysis
10.7.6. Key Developments
10.8. US MAGNESIUM
10.8.1. Key Facts
10.8.2. Business Description
10.8.3. Products and Services
10.8.4. Financial Overview
10.8.5. SWOT Analysis
10.8.6. Key Developments
10.9. MERIDIAN LIGHTWEIGHT TECHNOLOGIES
10.9.1. Key Facts
10.9.2. Business Description
10.9.3. Products and Services
10.9.4. Financial Overview
10.9.5. SWOT Analysis
10.9.6. Key Developments
10.10. SHANGHAI REGAL MAGNESIUM LTD. CO.
10.10.1. Key Facts
10.10.2. Business Description
10.10.3. Products and Services
10.10.4. Financial Overview
10.10.5. SWOT Analysis
10.10.6. Key Developments
11. APPENDIX
11.1. ABOUT THE INSIGHT PARTNERS
11.2. GLOSSARY OF TERMS
1. Nanjing Yunhai Special Metals Co
2. Magontec Ltd.
3. Globe Specialty Metals
4. Fugu Jinwantong Magnesium Industry Co.
5. Weijie Magnesium Industry Co.
6. Magnesium Elektron
7. Ka Shui International Holdings Ltd.
8. US Magnesium
9. Meridian Lightweight Technologies
10. Shanghai Regal Magnesium Ltd. Co.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.