Magnesium Metal Market, By Application (Die-casting, Aluminium Alloys, Metal Reduction, Desulphurization, Others), and By Region (North America, Latin America, Europe, Asia-pacific, Middle-east & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2

Magnesium Metal Market, By Application (Die-casting, Aluminium Alloys, Metal Reduction, Desulphurization, Others), and By Region (North America, Latin America, Europe, Asia-pacific, Middle-east & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Magnesium metal is a type of a light metal which is silvery white in color. Magnesium metal is very light as compared to the other metals used for structural purposes such as aluminum and steel. Moreover, magnesium metal can be derived from various sources such as sea salt or electrolysis of brine solution, as it is one of the most abundantly available element in the world. Magnesium metal also finds its applications across a various end-user industries such as production of aluminum alloys and die-castings, owing to its physical properties and low density.

Market Dynamics

The global magnesium metal market has witnessed an increase in growth in terms of revenue, in recent past years, owing to the rising demand of magnesium from the aerospace, automotive, and healthcare industry. This is mainly due to lower weight and superior compressive strength. Furthermore, the surge in growth of automotive and aerospace industries in emerging economies across the globe is further anticipated to provide lucrative growth to global magnesium metal market in the forthcoming years.

On the basis of application, the global magnesium metal market is bifurcated in to aluminum alloys, die-casting, metal reduction, desulphurization and others. Among regions, Asia-pacific is expected to observe substantial growth in term of revenue, during the forecast period, owing to the steady rise in growth of various end-user industries such as electronics, automotive, pharmaceutical, and packaging and others.

Key features of the study:

This report provides in-depth analysis of global magnesium metal market size (US$ Billion and Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global magnesium metal market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study includes US Magnesium LLC., Dead Sea Magnesium Ltd., POSCO, RIMA Group, Solikamsk Magnesium Works OAO, Wenxi YinGuang Magnesium Industry (Group) Co., Ltd., Shanxi Wenxi Hongfu Magnesium Co., Ltd., Shanxi Wenxi Zhenxin Magnesium Co., Ltd., and Taiyuan Tongxiang Magnesium Co., Ltd.
Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
The global magnesium metal market report caters to various stakeholders in this industry including investors, suppliers, global magnesium metal manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global magnesium metal market

Detailed Segmentation:

Global Magnesium Metal Market, By Application:
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Global Magnesium Metal Market, By Region:
North America
U.S.
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Canada
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Latin America
Brazil
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Argentina
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Mexico
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Rest of Latin America
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Europe
France
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Germany
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Italy
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Spain
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
U.K.
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Nordic
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Benelux
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Russia
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Poland
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Rest of Europe
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Asia Pacific
China
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
India
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Japan
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
ASEAN
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Australia & New Zealand
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Rest of Asia Pacific
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Middle East & Africa
GCC
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
South Africa
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Rest of Middle East & Africa
By Application
Die-casting
Aluminium Alloys
Metal Reduction
Desulphurization
Others
Company Profiles
US Magnesium LLC *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Dead Sea Magnesium Ltd.
POSCO
RIMA Group
Solikamsk Magnesium Works OAO
Wenxi YinGuang Magnesium Industry (Group) Co., Ltd.
Shanxi Wenxi Hongfu Magnesium Co., Ltd.
Shanxi Wenxi Zhenxin Magnesium Co., Ltd.
Taiyuan Tongxiang Magnesium Co., Ltd.

“*” marked represents similar segmentation in other categories in the respective section.