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Global Metal Magnesium Market Value Expected to Grow at a CAGR of 9.2% During the Forecast Year : Stratistics MRC

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Global Metal Magnesium Market Value Expected to Grow at a CAGR of 9.2% During the Forecast Year : Stratistics MRC

October 13
13:44 2021
Global Metal Magnesium Market Value Expected to Grow at a CAGR of 9.2% During the Forecast Year : Stratistics MRC
Metal Magnesium – Global Market Outlook (2019-2027)
Global Metal Magnesium Industry Outlook (2019-2027) has been added to Stratistics Market Research Consulting offerings.

The Global Metal Magnesium Market is accounted for $3.58 billion in 2019 and is expected to reach $7.23 billion by 2027 growing at a CAGR of 9.2% during the forecast period. Increasing die casting requirements in automotive and various structural applications, growing adoption of magnesium metal in making of aluminium alloys, and investment in automotive R&D are some of the factors propelling the growth of the market. However, chemically reactive and low ductility are hampering the growth of the market.

Magnesium is a silvery-white metal, and one of the lightest metals available for various structural applications which have an excellent strength to weight ratio. It is found in large deposits of magnesite, dolomite, other minerals, and in mineral waters, where magnesium ion is soluble.

Some of the key players profiled in the Metal Magnesium Market include VSMPO-Avisma, Shanxi Wenxi Zhenxin Magnesium Co., Ltd., Nippon Kinzoku, Latrobe Magnesium, Esan, Dead Sea Magnesium, Alliance Magnesium, US Magnesium LLC., POSCO, RIMA Group, Solikamsk Magnesium Works OAO, Wenxi YinGuang Magnesium Industry (Group) Co., Ltd., Shanxi Wenxi Hongfu Magnesium Co., Ltd., Taiyuan Tongxiang Magnesium Co., Ltd, and Yulin Wanyuan Magnesium. 

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Types Covered:• Magnesium Rods• Magnesium Plate• Magnesium Ingots   Products Covered:• Pure Magnesium • Magnesium Compounds • Magnesium Alloys  Manufacturing Processes Covered:• Electrolytic Process • Recycling • Thermal Reduction Process Applications Covered:• Aluminium Alloys• Die Casting• Iron & Steel Making Desulphurization• Metal Reduction• Titanium Reduction• Other Applications End Users Covered:• Automotive• Electronics • Aerospace & Defense• Medical& Healthcare• Construction• Other End Users

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