The global demand for Magnesium Metal Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
Magnesium, the eighth most abundant element in the earth's crust, is a light, moderately hard, silvery-white metal. It is primarily used in structural alloys due to its lightweight, strength, and resistance to corrosion. Magnesium powder can be used as an desulpherizer, oxidizer in chemical reactions. In addition, it has high demand in automobile, electrochemical and agriculture industry because of high strength, lightness, refractory and resistance to sparking.
The growing automobile industry coupled with the rising geriatric population is the major factor driving the magnesium metal market. Magnesium alloys have large demand in market due to its high strength, good castability and corrosion resistance property. Magnesium finds application in various industries such as automotive, aerospace, electronics and ships due its lightness and corrosion resistance property. In addition to this, extensive utilization of magnesium powder in water treatment is further fuelling the market growth. Whereas, the growing use of magnesium powder in automotive and aerospace is expected to drive market growth in the forecast period
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Magnesium metal.
The entire magnesium metal market has been sub-categorized into type, application, and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Aluminium Alloys
- Metal Reduction
This section covers regional segmentation which accentuates on current and future demand for Magnesium metal market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Magnesium Metal Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Magnesium metal market include Wenxi YinGuang, Taiyuan Tongxiang, US Magnesium, Dead Sea, POSCO, RIMA, Solikamsk, Shanxi Wenxi Zhenxin, Shanxi Wenxi Hongfu. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.