Global Magnesium Alloys Market : Detailed Analysis Report 2018-2023

Bharat Book Bureau Provides the Trending Market Research Report on “Global Magnesium Alloys Market, Forecast to 2023” under Chemical & Materials category. The report provides information on industry overview, market size, latest developments, industry trends, Key Players, global presence, and their future prospects.

Magnesium alloys market projected to grow at a CAGR of 12.7% during forecast period

The magnesium alloys market is estimated at USD 1.30 billion in 2018 and is projected to reach USD 2.37 billion by 2023, at a CAGR of 12.7% during the forecast period. The major factor driving the growth of the market is the increasing demand for magnesium alloys from the automotive & transportation applications due to fuel efficiency and emission regulations. However, the uncertainty of magnesium prices may restrain the growth of the market.

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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.

Asia Pacific expected to be the fastest-growing market for magnesium alloys during forecast period

Asia Pacific is expected to be the fastest-growing market for magnesium alloys during the forecast period, with China leading the market in 2017. The magnesium alloys market in the Asia Pacific region is driven by the increasing consumption of magnesium alloys products in the automotive & transportation and electronics applications.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into following three categories:

- By Company Type: Tier 1—50%, Tier 2—25%, and Tier 3—25%
- By Designation: C Level—42%, Director Level—33%, and Others—25%
- By Region: North America—36%, Europe—36%, Asia Pacific—21%, and RoW—7%

This report also provides a comprehensive analysis of the companies listed below:

- Magnesium Elektron (UK)
- Nanjing Yunhai Special Metals Co. Ltd. (China)
- Ka Shui International Holdings Ltd. (China)
- US Magnesium (US)
- Meridian Lightweight Technologies (US)
- Shanghai Regal Magnesium Ltd. Co. (China)
- Magontec (Australia)
- Shanxi Credit Magnesium Co. Ltd. (China)
- Shanxi Yinguang Huasheng Magnesium (China)
- AMACOR (US)

Click the link below to read the Full report :
https://www.bharatbook.com/MarketReports/Magnesium-Alloys-Market-by-Alloy-Type-Cast-Alloys-Wrought-Alloys-End-use-Industry-Automotive--Transportation-Electronic-/1064057

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3bMarketresearch Joined: August 4th, 2017