Metal Magnesium Market Applications, Drivers and Top Players Forecast Till 2025
Magnesium metal offers plenty of versatility and enjoys wider applications across diverse set of industries. Prominent uses of magnesium metal encompass aluminum alloy production that affects improved physical properties and capability of such alloys.
Magnesium metal offers plenty of versatility and enjoys wider applications across diverse set of industries. Prominent uses of magnesium metal encompass aluminum alloy production that affects improved physical properties and capability of such alloys.
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<strong>Metal</strong> <strong>Magnesium</strong> <strong>Market</strong> <strong>Applications</strong>, <strong>Drivers</strong> <strong>and</strong> <strong>Top</strong><br />
<strong>Players</strong> <strong>Forecast</strong> <strong>Till</strong> <strong>2025</strong><br />
<strong>Metal</strong> magnesium industry is driven by factors such as growing dem<strong>and</strong> from<br />
automotive sector <strong>and</strong> rise in use of magnesium in aluminum alloys <strong>and</strong> diecasting<br />
is expected to drive the metal magnesium market in the assessment<br />
period.<br />
Global <strong>Metal</strong> <strong>Magnesium</strong> <strong>Market</strong> gains a positive traction in the forecast period owing to rise in<br />
commercial value of magnesium for various purposes. By nature, magnesium is a silvery white metal<br />
<strong>and</strong> is lightest of all metals available for commercial applications. Proportionately, magnesium is<br />
one of the abundant elements <strong>and</strong> can be acquired from various mineral sources, even from seawater.<br />
<strong>Magnesium</strong> metal offers plenty of versatility <strong>and</strong> enjoys wider applications across diverse set of<br />
industries. Prominent uses of magnesium metal encompass aluminum alloy production that affects<br />
improved physical properties <strong>and</strong> capability of such alloys. Die-casting is another prominent<br />
application area of metal magnesium. Its higher affinity of magnesium makes it an ideal for use in<br />
iron <strong>and</strong> steel desulphurization areas.<br />
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<strong>Magnesium</strong> is also used as a reducing agent in manufacture of metals such as uranium, titanium,<br />
hafnium <strong>and</strong> zirconium etc. <strong>Magnesium</strong> metal when compared with other alloys being light in<br />
nature <strong>and</strong> of significant density also helps in materializing the objective of light-automotive vehicle<br />
production. Thus, the market growth is expected to grow during the forecast period.<br />
<strong>Metal</strong> magnesium industry is driven by factors such as growing dem<strong>and</strong> from automotive sector <strong>and</strong><br />
rise in use of magnesium in aluminum alloys <strong>and</strong> die-casting is expected to drive the metal<br />
magnesium market in the assessment period. Additionally, the wide applications of magnesium<br />
alloys in several sectors such as aerospace, automotive, packaging, printing <strong>and</strong> electronics is<br />
expected propels the market growth of metal magnesium industry. Moreover, rising dem<strong>and</strong> for<br />
titanium particularly from aerospace applications is anticipated to boost the market growth.<br />
However, factors such as low economic growth rate in some countries in the earlier stages are likely<br />
to impede the market growth in the forecast period. <strong>Metal</strong> magnesium industry is segmented into<br />
aluminum alloys, desulphurization, metal reduction <strong>and</strong> die-casting, based on application. Diecasting<br />
<strong>and</strong> aluminum alloys segment is expected to rise at a higher CAGR during the forecast<br />
period.<br />
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Based on geographic segmentation, the metal magnesium industry spans North America, Latin<br />
America, Europe Asia-Pacific, Middle-East <strong>and</strong> Africa. MEA regions are expected to rise at a higher<br />
CAGR in the forecast period owing to availability of abundant resources. APAC regions are also<br />
expected to rise at a higher CAGR in the forecast period owing to growth in industrialization <strong>and</strong><br />
abundant reserves of natural minerals. Europe <strong>and</strong> North American market is expected to grow at<br />
higher moderate CAGR owing to development of eco-friendly technologies for automobile<br />
production.<br />
The key players in the metal magnesium industry include Taiyuan Tongxiang <strong>Magnesium</strong> Co., Ltd, US<br />
<strong>Magnesium</strong> LLC, Wenxi YinGuang <strong>Magnesium</strong> Industry (Group) Co., Ltd, Dead Sea <strong>Magnesium</strong> Ltd,
POSCO, RIMA Group, Solikamsk <strong>Magnesium</strong> Works OAO, Shanxi Wenxi Zhenxin <strong>Magnesium</strong> Co., Ltd,<br />
<strong>and</strong> Shanxi Wenxi Hongfu <strong>Magnesium</strong> Co., Ltd.<br />
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<strong>Market</strong> Segment:<br />
Geographically, this report is segmented into several key Regions, with production, consumption,<br />
revenue (million USD), market share <strong>and</strong> growth rate of <strong>Metal</strong> <strong>Magnesium</strong> in these regions, from<br />
2013 to <strong>2025</strong> (forecast), covering<br />
• North America<br />
• Europe<br />
• China<br />
• Japan<br />
• Southeast Asia<br />
• India<br />
Global <strong>Metal</strong> <strong>Magnesium</strong> market competition by top manufacturers, with production, price,<br />
revenue (value) <strong>and</strong> market share for each manufacturer; the top players including<br />
• US <strong>Magnesium</strong><br />
• International <strong>Magnesium</strong> Group<br />
• China <strong>Magnesium</strong> Corporation<br />
• Tongxiang <strong>Magnesium</strong><br />
• Yinguang <strong>Magnesium</strong> Industry<br />
• Hui Ye <strong>Magnesium</strong><br />
• Taiyuan Yiwei <strong>Magnesium</strong><br />
• Shanxi Bada <strong>Magnesium</strong> Co., Ltd.<br />
• SHANXI WENXI HONGFU MAGNESIUM<br />
• Yulin Wanyuan <strong>Magnesium</strong> Industry (Group) Co., Ltd.<br />
• Nanjing Yunhai<br />
• Shanxi Meijin<br />
• Shengxin <strong>Magnesium</strong>
• Jinchuan <strong>Magnesium</strong><br />
• Shenmu Dongfeng <strong>Magnesium</strong><br />
• Fugu County Xintian magnesium alloy Co., Ltd.<br />
• Ningxia Huayi <strong>Magnesium</strong><br />
• Liaoning Jinding<br />
Read Detail <strong>Market</strong> Research Report @<br />
https://www.millioninsights.com/industry-reports/metal-magnesium-market<br />
On the basis of product, this report displays the production, revenue, price, market share <strong>and</strong><br />
growth rate of each type, primarily split into<br />
• Type I<br />
• Type II<br />
On the basis of the end users/applications, this report focuses on the status <strong>and</strong> outlook for major<br />
applications/end users, consumption (sales), market share <strong>and</strong> growth rate for each application,<br />
including<br />
• Electronics<br />
• Aerospace<br />
• Military<br />
• Chemical<br />
• Other
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