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MAGNESIUM ALLOYS

Global Market Trajectory & Analytics

MCP13147

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  •  DATE

    JULY 2020

  •  TABLES

    210

  •  PAGES

    284

  •  EDITION

    9

  •  PRICE

    USD $4950


COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Magnesium Alloys estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at a CAGR of 11.4% over the period 2020-2027.Cast Alloys, one of the segments analyzed in the report, is projected to grow at a 11.6% CAGR to reach US$2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wrought Alloys segment is readjusted to a revised 10.9% CAGR for the next 7-year period. This segment currently accounts for a 36.6% share of the global Magnesium Alloys market.
The Magnesium Alloys market in the U.S. is estimated at US$385.3 Million in the year 2020. The country currently accounts for a 26.99% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$659.4 Million in the year 2027 trailing a CAGR of 15% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 9.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.9% CAGR while Rest of European market (as defined in the study) will reach US$659.4 Million by the year 2027.We bring years of research experience to this 9th edition of our report. The 284-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, Dead sea Magnesium Ltd.; Dynacast International, Inc.; Ka Shui International Holdings Ltd.; Magnesium Elektron Ltd.; MAGONTEC Limited; Meridian Lightweight Technologies Inc.; Nanjing Yunhai Special Metals Co. Ltd.; POSCO; Rima Group; Smiths Advanced Metals; Spartan Light Metal Products
» Alloy Type (Cast Alloys, Wrought Alloys) » End-Use Industry (Automotive & Transportation, Electronics, Aerospace & Defense, Power Tools, Other End-Use Industries)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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