Magnesium Alloys Market Size, Share, Trends, Growth 2032
Magnesium Alloys Market By Alloy Type (Cast and Wrought) and By End-Use Industry (Automotive & Transportation, Electronic, Aerospace & Defense, and Power Tools), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 2.42 Billion | USD 7.14 Billion | 12.80% | 2023 |
Table Of Content
- Chapter 1. Introduction
- 1.1. Report description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & Offerings
- 1.2. Research scope
- 1.3. Market Research Methodology
- 1.3.1. Level 1: Primary Research
- 1.3.2. Level 2: Secondary Research
- 1.3.3. Level 3: Data Validation and Expert Panel Assessment
- 1.1. Report description
- Chapter 2. Executive Summary
- 2.1. Global Magnesium Alloys market, 2016-2026 (USD Billion) (Kilotons)
- 2.2. Global Magnesium Alloys market: Snapshot
- Chapter 3. Global Magnesium Alloys Market - Industry Dynamics
- 3.1. Introduction
- 3.1.1. Classification of Magnesium Alloys
- 3.1.2. Key trend analysis
- 3.2. Market Drivers
- 3.2.1. The increasing use of magnesium alloys in the automotive industry
- 3.2.2. Rising demand for new eco-friendly materials
- 3.2.3. Advantages of magnesium alloys over other alloys
- 3.3. Market Restraints
- 3.3.1. Uncertainty regarding the magnesium prices
- 3.3.2. Issues related to welding capability and corrosion resistivity
- 3.4. Opportunities
- 3.4.1. Technological advancements in the aerospace and defense sector
- 3.4.2. The abundance of magnesium metal
- 3.4.3. Growing Market for Electric Vehicles
- 3.5. Porter's Five Forces Analysis
- 3.6. Attractiveness Investment Proposition
- 3.6.1. Market attractiveness analysis by Alloy Type
- 3.6.2. Market attractiveness analysis by End-Use Industry
- 3.6.3. Market attractiveness analysis by Region
- 3.6.4. Global Magnesium Alloys Market Country Ranking by Market Size, 2018
- 3.6.5. Global Magnesium Alloys Market Country Ranking by CAGR, 2019-2026
- 3.1. Introduction
- Chapter 4. Global Magnesium Alloys Market - Competitive Landscape
- 4.1. Company market share analysis, 2018 (subject to data availability)
- 4.2. Strategic Development
- 4.2.1. Acquisitions & Mergers
- 4.2.2. New Products Launch
- 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures, Key Growth Strategies
- 4.3. Research and Development, Products and Regional Expansion
- 4.4. List of Emerging Companies
- Chapter 5. Global Magnesium Alloys Market - Marketing Strategy Analysis
- 5.1. Marketing Channels
- 5.2. Pricing Analysis
- 5.3. Target Client
- 5.4. Consumer Preference Trends
- 5.5. PESTEL Analysis
- 5.6. SWOT Analysis
- Chapter 6. Global Magnesium Alloys Market - Alloy Type Analysis
- 6.1. Global magnesium alloys market: Alloy Type analysis
- 6.1.1. Global magnesium alloys market share by Alloy type, 2018 and 2026
- 6.2. Cast Alloys
- 6.2.1. Overview
- 6.2.2. Global cast alloys market, 2016-2026 (USD Billion) (Kilotons)
- 6.3. Wrought Alloys
- 6.3.1. Overview
- 6.3.2. Global wrought alloys market, 2016-2026 (USD Billion) (Kilotons)
- 6.1. Global magnesium alloys market: Alloy Type analysis
- Chapter 7. Global Magnesium Alloys Market - End-Use Industry Analysis
- 7.1. Global magnesium alloys market: End-use Industry Overview
- 7.1.1. Global Magnesium Alloys Market Share, by End-use, 2018 and 2026
- 7.2. Automotive and Transportation
- 7.2.1. Global magnesium alloys market for automotive & transportation, 2016-2026 (USD Billion) (Kilotons)
- 7.3. Electronics
- 7.3.1. Global magnesium alloys market for electronics, 2016-2026 (USD Billion) (Kilotons)
- 7.4. Aerospace & Defense
- 7.4.1. Global magnesium alloys market for aerospace & defense, 2016-2026 (USD Billion) (Kilotons)
- 7.5. Power tools
- 7.5.1. Global magnesium alloys market for power tools, 2016-2026 (USD Billion) (Kilotons)
- 7.1. Global magnesium alloys market: End-use Industry Overview
- Chapter 8. Global Magnesium Alloys market: Regional Analysis
- 8.1. Global magnesium alloys market: Regional overview
- 8.1.1. Global magnesium alloys market share by region, 2018 and 2026
- 8.2. North America
- 8.2.1. Overview
- 8.2.1.1. North America global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.2.1.2. North America global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.2.1.3. North America global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.2.1.4. North America global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.2.2. The U.S.
- 8.2.2.1. The U.S. global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.2.2.2. The U.S. global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.2.2.3. The U.S. global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.2.2.4. The U.S. global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.2.3. Canada
- 8.2.3.1. Canada global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.2.3.2. Canada global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.2.3.3. Canada global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.2.3.4. Canada global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.2.1. Overview
- 8.3. Europe
- 8.3.1. Overview
- 8.3.1.1. Europe global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.3.1.2. Europe global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.3.1.3. Europe global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.3.1.4. Europe global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.3.2. Germany
- 8.3.2.1. Germany global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.3.2.2. Germany global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.3.2.3. Germany global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.3.2.4. Germany global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.3.3. UK
- 8.3.3.1. UK global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.3.3.2. UK global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.3.3.3. UK global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.3.3.4. UK global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.3.4. France
- 8.3.4.1. France global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.3.4.2. France global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.3.4.3. France global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.3.4.4. France global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.3.5. Rest of Europe
- 8.3.5.1. Rest of Europe global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.3.5.2. Rest of Europe global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.3.5.3. Rest of Europe global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.3.5.4. Rest of Europe global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.3.1. Overview
- 8.4. Asia Pacific
- 8.4.1. Overview
- 8.4.1.1. Asia Pacific global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.4.1.2. Asia Pacific global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.4.1.3. Asia Pacific global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.4.1.4. Asia Pacific global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.4.2. China
- 8.4.2.1. China global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.4.2.2. China global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.4.2.3. China global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.4.2.4. China global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.4.3. Japan
- 8.4.3.1. Japan global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.4.3.2. Japan global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.4.3.3. Japan global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.4.3.4. Japan global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.4.4. India
- 8.4.4.1. India global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.4.4.2. India global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.4.4.3. India global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.4.4.4. India global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1. Rest of Asia Pacific global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.4.5.2. Rest of Asia Pacific global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.4.5.3. Rest of Asia Pacific global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.4.5.4. Rest of Asia Pacific global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.4.1. Overview
- 8.5. Latin America
- 8.5.1. Overview
- 8.5.1.1. Latin America global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.5.1.2. Latin America global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.5.1.3. Latin America global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.5.1.4. Latin America global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.5.2. Brazil
- 8.5.2.1. Brazil global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.5.2.2. Brazil global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.5.2.3. Brazil global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.5.2.4. Brazil global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.5.3. Rest of Latin America
- 8.5.3.1. Rest of Latin America global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.5.3.2. Rest of Latin America global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.5.3.3. Rest of Latin America global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.5.3.4. Rest of Latin America global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.5.1. Overview
- 8.6. The Middle East and Africa
- 8.6.1. Overview
- 8.6.1.1. The Middle East and Africa global magnesium alloys market revenue, by Alloy type, 2016-2026 (USD Billion)
- 8.6.1.2. The Middle East and Africa global magnesium alloys market volume, by Alloy type, 2016-2026 (Kilotons)
- 8.6.1.3. The Middle East and Africa global magnesium alloys market revenue, by end-use industry, 2016-2026 (USD Billion)
- 8.6.1.4. The Middle East and Africa global magnesium alloys market volume, by end-use industry, 2016-2026 (Kilotons)
- 8.6.1. Overview
- 8.1. Global magnesium alloys market: Regional overview
- Chapter 9. Company Profile
- 9.1. Magnesium Elektron
- 9.1.1. Overview
- 9.1.2. Financials
- 9.1.3. Product portfolio
- 9.1.4. Business strategy
- 9.1.5. Recent developments
- 9.2. Nanjing Yunhai Special Metals
- 9.2.1. Overview
- 9.2.2. Financials
- 9.2.3. Product portfolio
- 9.2.4. Business strategy
- 9.2.5. Recent developments
- 9.3. Ka Shui International
- 9.3.1. Overview
- 9.3.2. Financials
- 9.3.3. Product portfolio
- 9.3.4. Business strategy
- 9.3.5. Recent developments
- 9.4. US Magnesium
- 9.4.1. Overview
- 9.4.2. Financials
- 9.4.3. Product portfolio
- 9.4.4. Business strategy
- 9.4.5. Recent developments
- 9.5. Meridian Lightweight Technologies
- 9.5.1. Overview
- 9.5.2. Financials
- 9.5.3. Product portfolio
- 9.5.4. Business strategy
- 9.5.5. Recent developments
- 9.6. Shanghai Regal Magnesium
- 9.6.1. Overview
- 9.6.2. Financials
- 9.6.3. Product portfolio
- 9.6.4. Business strategy
- 9.6.5. Recent developments
- 9.7. Magontec
- 9.7.1. Overview
- 9.7.2. Financials
- 9.7.3. Product portfolio
- 9.7.4. Business strategy
- 9.7.5. Recent developments
- 9.8. Shanxi Credit Magnesium
- 9.8.1. Overview
- 9.8.2. Financials
- 9.8.3. Product portfolio
- 9.8.4. Business strategy
- 9.8.5. Recent developments
- 9.9. Shanxi Yinguang Huasheng Magnesium
- 9.9.1. Overview
- 9.9.2. Financials
- 9.9.3. Product portfolio
- 9.9.4. Business strategy
- 9.9.5. Recent developments
- 9.10. AMACOR
- 9.10.1. Overview
- 9.10.2. Financials
- 9.10.3. Product portfolio
- 9.10.4. Business strategy
- 9.10.5. Recent developments
- 9.1. Magnesium Elektron
Table Of Figures
List of Figures
1. Market research process
2. Market methodology
3. Global magnesium alloys market revenue, 2016–2026 (USD Billion) (Kilotons)
4. Porter’s Five Forces Analysis
5. Magnesium alloys market attractiveness analysis, by alloy type
6. Magnesium alloys market attractiveness analysis, by end-use industry
7. Magnesium alloys market attractiveness analysis, by region
8. Company market share analysis, 2018
9. Global magnesium alloys market share by alloy type, 2018 and 2026
10. Global magnesium alloys market for cast, 2016–2026 (USD Billion) (Kilotons)
11. Global magnesium alloys market for wrought, 2016–2026 (USD Billion) (Kilotons)
12. Global magnesium alloys market share by end-use industry, 2018 and 2026
13. Global magnesium alloys market for automotive & transportation, 2016–2026 (USD Billion) (Kilotons)
14. Global magnesium alloys market for electronic, 2016–2026 (USD Billion) (Kilotons)
15. Global magnesium alloys market for aerospace & defense, 2016–2026 (USD Billion) (Kilotons)
16. Global magnesium alloys market for power tools, 2016–2026 (USD Billion) (Kilotons)
17. Global magnesium alloys market share by region, 2018 and 2026
18. North America magnesium alloys market, 2016–2026 (USD Billion) (Kilotons)
19. Europe magnesium alloys market, 2016–2026 (USD Billion) (Kilotons)
20. Asia Pacific magnesium alloys market, 2016–2026 (USD Billion) (Kilotons)
21. Latin America magnesium alloys market, 2016–2026 (USD Billion) (Kilotons)
22. The Middle East and Africa magnesium alloys market, 2016–2026 (USD Billion) (Kilotons)
Table Of Tables
List of Tables
1. Magnesium alloys market: Market Snapshot
2. Drivers of the global magnesium alloys market: impact analysis
3. Restraints of the global magnesium alloys market: impact analysis
4. North America magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
5. North America magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
6. The U.S. magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
7. The U.S. magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
8. Canada magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
9. Canada magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
10. Europe magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
11. Europe magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
12. U.K. magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
13. U.K. magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
14. Germany magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
15. Germany magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
16. France magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
17. France magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
18. Rest of Europe magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
19. Rest of Europe magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
20. Asia Pacific magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
21. Asia Pacific magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
22. China magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
23. China magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
24. Japan magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
25. Japan magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
26. India magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
27. India magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
28. Rest of Asia Pacific magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
29. Rest of Asia Pacific magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
30. Latin America magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
31. Latin America magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
32. Brazil magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
33. Brazil magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
34. Rest of Latin America magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
35. Rest of Latin America magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
36. The Middle East and Africa magnesium alloys market, by alloy type, 2016–2026 (USD Billion) (Kilotons)
37. The Middle East and Africa magnesium alloys market, by end-use industry, 2016–2026 (USD Billion) (Kilotons)
Methodology
FrequentlyAsked Questions
Magnesium alloys consist predominantly of magnesium and minute quantities of additional elements, including zirconium, rare earth elements, aluminum, zinc, silicon, manganese, and copper. Due to their numerous advantageous characteristics, these alloys are applicable to a wide range of applications in numerous industries.
Due to the fact that magnesium alloys are among the lightest structural metals available, industries such as consumer electronics, aerospace, and automotive that prioritize weight reduction will find them appealing.
The global magnesium alloys market size was worth around USD 2.42 billion in 2023 and is predicted to grow to around USD 7.14 billion by 2032.
The global magnesium alloys market a compound annual growth rate (CAGR) of roughly 12.80% between 2024 and 2032.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Some key players of the global magnesium alloys market are Magnesium Elektron, Nanjing Yunhai Special Metals, Ka Shui International, US Magnesium, Meridian Lightweight Technologies, Shanghai Regal Magnesium, Magontec, Shanxi Credit Magnesium, Shanxi Yinguang Huasheng Magnesium, and AMACOR.
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