Magnesium Alloys Market was valued at US$ 1.4 Bn. in 2020. Global Magnesium Alloys Market size is estimated to grow at a CAGR of 12.25 %. The Magnesium Alloys Market is expected to reach 1.6 million metric tons by 2027.
Magnesium Alloys Market Overview :
The Magnesium Alloys Market research provides a comprehensive perspective of the competition, including the market share and company profiles of the top players in the global industry. The scope of the research covers a thorough examination of the Healthcare IoT Market, as well as the causes for variances in the industry's growth in a variety of sectors.
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Global Magnesium Alloys Market Dynamics:
The demand for magnesium alloys from the electronics, aerospace & defense, medical, and power tools industries, production activities of engineering components for weight reduction purposes, use of magnesium alloys in the automotive industry are some of the driving factors behind the market growth.
Global Magnesium Alloys Market Segment :
The magnesium alloys market is divided into automotive & transportation, electronics, aerospace & defence, power tools, and others based on the application. By 2027, it is anticipated that the Automotive & Transportation sector will account for more than 35% of the global market. Numerous automotive applications, such as the body, chassis, and interior parts, utilise magnesium alloy.
Regional Analysis :
North America, Europe, Asia Pacific, the Middle East & Africa, and South America are the five main geographical regions of the Global Magnesium Alloys Market market.
Global Magnesium Alloys Market Key players :
• Magnesium Elektron
• Ka Shui International Holdings Ltd.
• U.S. Magnesium LLC
• Nanjing Yunhai Special Metals Co. Ltd.
• Meridian Lightweight Technologies
• Advanced Magnesium Alloys Corporation (AMACOR)
• Shanghai Regal Magnesium Limited Company
• Shanxi Yinguang Huasheng Magnesium Co. Ltd.
• Shanxi Credit Magnesium Co. Ltd.
• Shanxi Fugu Tianyu Mineral Industry
• China Magnesium Corporation Limited
• Dead Sea Magnesium
• Spartan Light Metal Products
• Smiths Advanced Metals
• Rima Group
• Yee Dongguan Science and Technology Co. Ltd.
• Taiyuan Tongxiang Magnesium Co. Ltd.
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Research methodology :
A methodical strategy to minimising residual mistakes is taken by Maximize Market Research, which includes limiting the scope, validating with primary insights, and routinely maintaining the internal database. To take into account typical market fluctuations and adjust to any changes in the market's dynamics, a dynamic model is developed. Depending on the particular markets, the variables and qualities covered in the research may alter. The model must most importantly include information from the supply and demand sides in order to calculate the market gap.
A substantial amount of data is gathered and compiled in the early phases of the research process. The obtained data is frequently verified using a variety of sources, including the internal database, paid sources, annual reports of corporations, SEC filings, authorised news releases, price databases, and many more. The complete value chain must be understood in a comprehensive research study. To acquire a comprehensive view of the market taxonomy, we thoroughly examine the annual reports and financials of market participants.
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