+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Metal Magnesium Market Size, Share & Trends Analysis Report by Application (Iron & Steel Making, Die Casting, Aluminum Alloys, Titanium Reduction), by Region (APAC, EU, North America), and Segment Forecasts, 2022-2030

  • PDF Icon

    Report

  • 100 Pages
  • February 2022
  • Region: Global
  • Grand View Research
  • ID: 5546338
Description Jump to:
The global metal magnesium market size is expected to reach USD 6.99 billion by 2030, expanding at a CAGR of 5.3% over the forecast period. Rising demand for lightweight parts mainly in the automotive and aerospace industries is anticipated to contribute to the market growth over the forecast period. Magnesium is a grey-white lightweight metal, which has the lowest melting point and lowest boiling point of all alkali earth metals. It is the third-most commonly used structural metal, after iron and aluminum. Its main applications are in aluminum alloys, die-casting, removal of sulfur in the iron and steel production process, and titanium production.



The growing demand from die casting and aluminum alloy application segments is anticipated to drive the market growth forward. Diecast components and aluminum alloys that use magnesium are primarily utilized across the automotive, aerospace, and marine industries. In terms of volume, these two application segments jointly accounted for a considerable market share in 2021. Region-wise, Asia Pacific held the largest revenue share in 2021 and this trend is anticipated to continue over the forecast period. The growing demand for titanium alloys from the aerospace industry is expected to drive titanium production over the forecast period. This, in turn, is expected to generate a proportional demand for magnesium in titanium production over the coming years.

Furthermore, rising growth in the industry has compelled prominent players to expand their production capacities. For instance, in January 2021, Yinguang Magnesium Co., Ltd. announced its plans to add 40 additional production lines to its existing facility. With this, it intends to achieve an annual processing capacity of 10 million magnesium alloy die castings and extrusions. Industry players are also shifting their interest towards innovative and sustainable manufacturing techniques. For instance, Latrobe Magnesium utilizes thin-walled die casting manufacturing technology, which enables the structure to be made in one piece rather than being assembled from several components. The technique simplifies designs, improves reliability, and lowers the assembly cost.

Metal Magnesium Market Report Highlights

  • Rising investments in R&D are anticipated to drive market growth. For instance, researchers at Nagaoka University of Technology and NIMS have developed magnesium alloy, which is lighter than aluminum and steel alloys
  • Growth in the automotive and aerospace industries is also anticipated to boost the market growth over the forecast period
  • Stringent government regulations in many countries regarding reducing the vehicle weight to limit carbon emissions are projected to benefit the product demand
  • The die casting application segment is anticipated to grow at the fastest CAGR over the forecast period
  • The segment growth is driven by the rising penetration of magnesium in industrial machinery
  • The aluminum alloys segment held a significant volume share of the global market in 2021 owing to the growth of the shipbuilding industry and aluminum alloys with magnesium are extensively used in marine applications
  • For instance, according to the CANSI, Chinese shipbuilding new orders increased by 223% from January to September 2021 on a y-o-y basis

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Research Methodology
1.4. Research Scope and Assumptions
1.5. Information Procurement
1.5.1. Purchased Database
1.5.2. Internal Database
1.5.3. Secondary Sources
1.5.4. 1.5.4 Third Party Perspective
1.5.5. 1.5.5 Primary Research
1.6. Information Analysis
1.6.1. Data Analysis Model
1.7. Market Formulation and Data Visualization
1.8. Data Validation and Publishing
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Market Snapshot
2.3. Segmental Outlook
Chapter 3. Metal Magnesium Market Variables, Trends & Scope
3.1. Metal & Mining Industry Outlook
3.2. Metal Magnesium Market Outlook
3.3. Penetration & Growth Prospect Mapping
3.4. Industry Value Chain Analysis
3.4.1. Raw Materials Trends
3.4.2. Manufacturing and Technology Trends
3.4.3. Sales Channel Analysis
3.5. Regulatory Framework
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.7. Porter’s Five Forces Analysis
3.7.1. Supplier Power
3.7.2. Buyer Power
3.7.3. Substitution Threat
3.7.4. Threat from New Entrant
3.7.5. Competitive Rivalry
3.8. PESTEL Analysis
3.8.1. Political Landscape
3.8.2. Economic Landscape
3.8.3. Social Landscape
3.8.4. Technological Landscape
3.8.5. Environmental Landscape
3.8.6. Legal Landscape
Chapter 4. Metal Magnesium Market: Application Outlook Estimates & Forecasts
4.1. Definition & Scope
4.2. Application Movement Analysis & Market Share, 2021 & 2030
4.3. Die Casting
4.3.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
4.4. Aluminum Alloys
4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
4.5. Titanium Reduction
4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
4.6. Iron & Steel Making
4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
4.7. Others
4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
Chapter 5. Metal Magnesium Market Regional Outlook Estimates & Forecasts
5.1. Metal Magnesium Market: Regional Movement Analysis, 2021 & 2030
5.2. North America
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.2.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
5.2.3. U.S.
5.2.3.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.2.3.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
5.2.4. Canada
5.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.2.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
5.2.5. Mexico
5.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.2.5.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
5.3. Europe
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.3.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
5.3.3. Germany
5.3.3.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.3.3.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
5.3.4. France
5.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.3.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
5.3.5. Russia
5.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.3.5.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
5.4. Asia Pacific
5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
5.4.3. China
5.4.3.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.4.3.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
5.4.4. Japan
5.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.4.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
5.4.5. India
5.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.4.5.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
5.5. Central & South America
5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.5.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
5.5.3. Brazil
5.5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.5.3.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
5.6. Middle East & Africa
5.6.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.6.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
5.6.3. South Africa
5.6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.6.3.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
5.6.4. Saudi Arabia
5.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
5.6.4.2. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
Chapter 6. Competitive Analysis
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.1.1. Major Deals &Strategic Alliances
6.2. Vendor Landscape
6.2.1. List of Raw Material Suppliers, Distributors, and Other Prominent Manufacturers
6.2.2. List ofProspective End-Users
6.3. SWOT Analysis, By key companies
Chapter 7. Company Profiles
7.1. Nippon Kinzoku Co. Ltd
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.2. VSMPO-Avisma Corporation
7.2.1. Company Overview
7.2.2. Financial Performance
7.2.3. Product Benchmarking
7.2.4. Strategic Initiatives
7.3. SolikamskDesulphurizer Works (SZD)
7.3.1. Company Overview
7.3.2. Product Benchmarking
7.4. Latrobe Magnesium
7.4.1. Company Overview
7.4.2. Financial Performance
7.4.3. Product Benchmarking
7.4.4. Strategic Initiatives
7.5. Alliance Magnesium
7.5.1. Company Overview
7.5.2. Product Benchmarking
7.5.3. Strategic Initiatives
7.6. Esan Eczacibasi
7.6.1. Company Overview
7.6.2. Product Benchmarking
7.7. Shanghai Sunglow Investment (Group) Co., Ltd
7.7.1. Company Overview
7.7.2. Product Benchmarking
7.8. U.S. Magnesium LLC
7.8.1. Company Overview
7.8.2. Product Benchmarking
7.9. Western Magnesium Corporation
7.9.1. Company Overview
7.9.2. Product Benchmarking
7.9.3. Strategic Initiatives
7.10. Regal Metal
7.10.1. Company Overview
7.10.2. Product Benchmarking
7.10.3. Strategic Initiatives
List of Tables
Table 1 Metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 2 Metal magnesium market estimates and forecasts, by die casting, 2017-2030 (USD Million) (Kilotons)
Table 3 Metal magnesium market estimates and forecasts, by aluminum alloys, 2017-2030 (USD Million) (Kilotons)
Table 4 Metal magnesium market estimates and forecasts, by titanium reduction, 2017-2030 (USD Million) (Kilotons)
Table 5 Metal magnesium market estimates and forecasts, by iron & steel making, 2017-2030 (USD Million) (Kilotons)
Table 6 Metal magnesium market estimates and forecasts, by others, 2017-2030 (USD Million) (Kilotons)
Table 7 North America metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 8 North America metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 9 North America metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
Table 10 U.S. metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 11 U.S. metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 12 U.S. metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
Table 13 Canada metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 14 Canada metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 15 Canada metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
Table 16 Mexico metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 17 Mexico metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 18 Mexico metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
Table 19 Europe metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 20 Europe metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 21 Europe metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
Table 22 Germany metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 23 Germany metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 24 Germany metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
Table 25 France metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 26 France metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 27 France metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
Table 28 Russia metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 29 Russia metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 30 Russia metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
Table 31 Asia Pacific metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 32 Asia Pacific metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 33 Asia Pacific metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
Table 34 China metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 35 China metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 36 China metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
Table 37 Japan metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 38 Japan metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 39 Japan metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
Table 40 India metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 41 India metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 42 India metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
Table 43 Central and South America metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 44 Central and South America metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 45 Central and South America metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
Table 46 Brazil metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 47 Brazil metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 48 Brazil metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
Table 49 Middle East and Africa metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 50 Middle East and Africa metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 51 Middle East and Africa metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
Table 52 South Africa metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 53 South Africa metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 54 South Africa metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
Table 55 Saudi Arabia metal magnesium market estimates and forecasts, 2017-2030 (USD Million) (Kilotons)
Table 56 Saudi Arabia metal magnesium market estimates and forecasts, 2017-2030, by application (USD Million)
Table 57 Saudi Arabia metal magnesium market estimates and forecasts, 2017-2030, by application (Kilotons)
List of Figures
Fig. 1 Metal magnesium market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 Metal magnesium market-Market snapshot
Fig. 7 Metal magnesium market-Segmental outlook
Fig. 8 Metal magnesium market, 2017-2030 (USD Million) (Kilotons)
Fig. 9 Penetration & growth prospect mapping, by application, (USD Million)
Fig. 10 Value chain analysis
Fig. 11 Market dynamics
Fig. 12 Market driver analysis
Fig. 13 Market restraint analysis
Fig. 14 Metal magnesium market: Application movement analysis, 2021 & 2030 (%) (USD Million)
Fig. 15 Metal magnesium market: Regional snapshot
Fig. 16 Metal magnesium market: Regional movement analysis, 2021 & 2030 (%) (USD Million)
Fig. 17 SWOT Analysis- By key companies

Companies Mentioned

  • Nippon Kinzoku Co. Ltd
  • VSMPO-Avisma Corporation
  • SolikamskDesulphurizer Works (SZD)
  • Latrobe Magnesium
  • Alliance Magnesium
  • Esan Eczacibasi
  • Shanghai Sunglow Investment (Group) Co., Ltd
  • U.S. Magnesium LLC
  • Western Magnesium Corporation
  • Regal Metal

Methodology

Loading
LOADING...

Table Information

Report AttributeDetails
No. of Pages100
PublishedFebruary 2022
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 4.58 Billion
Forecasted Market Value ( USD ) by 2030 $ 6.99 Billion
Compound Annual Growth Rate5.4%
Regions CoveredGlobal
No. of Companies Mentioned10

Related Topics

Related Reports

Metal Magnesium Market by Applications, End-user Industries, Production Processes, Alloy Types, Product Forms, Recycling Opportunities - Global Forecast 2025-2030 - Product Image

Metal Magnesium Market by Applications, End-user Industries, Production Processes, Alloy Types, Product Forms, Recycling Opportunities - Global Forecast 2025-2030

  • Report
  • 184 Pages
  • Global
From
Automotive Magnesium Die Casting Market by Production Process, Application - Global Forecast 2025-2030 - Product Image

Automotive Magnesium Die Casting Market by Production Process, Application - Global Forecast 2025-2030

  • Report
  • 188 Pages
  • Global
From
Magnesium - Global Strategic Business Report - Product Image

Magnesium - Global Strategic Business Report

  • Report
  • 99 Pages
  • Global
From
Metal Magnesium - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029 - Product Image

Metal Magnesium - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

  • Report
  • 180 Pages
  • Global
From
Automotive Magnesium Die Casting - Global Strategic Business Report - Product Image

Automotive Magnesium Die Casting - Global Strategic Business Report

  • Report
  • 234 Pages
  • Global
From
Copyright © 2002-2024 Research and Markets. All Rights Reserved.