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Magnesium Alloys Market demand, technology, analysis and forecast 2023

Global [b]Magnesium Alloys Market[/b] valued approximately USD 1.0 million in 2016 is anticipated to grow with a healthy growth.
Yogessh Kapase | 20.06.2018
Research Reports Inc. © Yogessh Kapase

June 2018, New York USA (News)- Global Magnesium Alloys Market valued approximately USD 1.0 million in 2016 is anticipated to grow with a healthy growth rate of more than 12.9% over the forecast period 2017-2025.
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. 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. Growing Use of Magnesium Alloys in the Automotive Industry Due to Regulations over Fuel Efficiency and Emissions, provides an edge for Magnesium Alloys over Other Alloys.

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Alloy Type:
Cast Alloy
Wrought Alloy

By End Use:
Automotive & Transportation
Body Structure
Powertrain
Interior
Chassis
Electronic
Aerospace & Defense
Commercial Helicopter
Military Helicopter
Fighter Aircraft
Power Tools
Others
Medical
Sporting Goods

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By Industrial Vertical:
Banking, Financial Services, & Insurance
Telecom & IT
Media & Entertainment
Retail & E-Commerce
Healthcare
Government
Education
Others

Key Manufacturers in market are Magnesium
• Elektron
• KA Shui International Holdings Ltd.
• Magontec
• U. S Magnesium
• Nanjing Yunhai Special Metals Co.ltd.

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Furthermore, years considered for the study are as follows:
Historical year 2015
Base year 2016
forecast period 2017 to 2025

Target Audience of the Global Magnesium Alloys Market in Market Study:
• Key Consulting Companies & Advisors
• Large, medium-sized, and small enterprises
• Venture capitalists
• Value-Added Resellers (VARs)
• Third-party knowledge providers
• Investment bankers
• Investors

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