Global Aerospace Magnesium Alloys Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Aerospace Magnesium Alloys Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Magnesium alloys are alloys composed of magnesium-based and other elements. Magnesium alloys are the lightest structural metal materials used in the aircraft, spacecraft and rocket and missile manufacturing industries. Magnesium is lighter than aluminium, with a specific gravity of 1.8 and lower strength, only 200 to 300 MPa (20 to 30 kg/ square millimetre), and is mainly used to manufacture low-load parts.

According to our (Global Info Research) latest study, the global Aerospace Magnesium Alloys market size was valued at US$ 185 million in 2023 and is forecast to a readjusted size of USD 300 million by 2030 with a CAGR of 7.2% during review period.

Global key players of aerospace magnesium alloys include Luxfer MEL Technologies, Magontec, Shanxi Yinguang Huasheng Magnesium, Shanxi Bada Magnesium, Smiths Metal, etc. The top three players hold a share over 58%. North America is the largest market, has a share about 39%, followed by Europe and Asia-Pacific, with share 29% and 22%, separately. In terms of product type, Casting Alloys is the largest segment, occupied for a share of 50%, and in terms of application, Commercial has a share about 59 percent.

This report is a detailed and comprehensive analysis for global Aerospace Magnesium Alloys market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Aerospace Magnesium Alloys market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2019-2030

Global Aerospace Magnesium Alloys market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2019-2030

Global Aerospace Magnesium Alloys market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2019-2030

Global Aerospace Magnesium Alloys market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Aerospace Magnesium Alloys

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Aerospace Magnesium Alloys market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Luxfer MEL Technologies, Magontec, Shanxi Yinguang Huasheng Magnesium, Shanxi Bada Magnesium, Smiths Metal, Regal Magnesium, Allite, Inc., Shanxi Fugu Tianyu Mineral, Alloys International, Huashun Magnesium Industry, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Aerospace Magnesium Alloys market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Casting Alloys
Wrought Alloys

Market segment by Application
Commercial
Military

Major players covered
Luxfer MEL Technologies
Magontec
Shanxi Yinguang Huasheng Magnesium
Shanxi Bada Magnesium
Smiths Metal
Regal Magnesium
Allite, Inc.
Shanxi Fugu Tianyu Mineral
Alloys International
Huashun Magnesium Industry
Tech Steel & Materials

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Aerospace Magnesium Alloys product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Aerospace Magnesium Alloys, with price, sales quantity, revenue, and global market share of Aerospace Magnesium Alloys from 2019 to 2024.

Chapter 3, the Aerospace Magnesium Alloys competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Aerospace Magnesium Alloys breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Aerospace Magnesium Alloys market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Aerospace Magnesium Alloys.

Chapter 14 and 15, to describe Aerospace Magnesium Alloys sales channel, distributors, customers, research findings and conclusion.