Global Aerospace Grade Magnesium Alloy Market Growth 2023-2029

Global Aerospace Grade Magnesium Alloy Market Growth 2023-2029

The global Aerospace Grade Magnesium Alloy market size is projected to grow from US$ 1775.5 million in 2022 to US$ 2618.2 million in 2029; it is expected to grow at a CAGR of 5.7% from 2023 to 2029.

Magnesium alloy developments have traditionally been driven by aerospace industry requirements for lightweight materials to operate under increasingly demanding conditions. Magnesium alloys have always been attractive to designers due to their low density, only two thirds that of aluminum.

LPI (LP Information)' newest research report, the “Aerospace Grade Magnesium Alloy Industry Forecast” looks at past sales and reviews total world Aerospace Grade Magnesium Alloy sales in 2022, providing a comprehensive analysis by region and market sector of projected Aerospace Grade Magnesium Alloy sales for 2023 through 2029. With Aerospace Grade Magnesium Alloy sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aerospace Grade Magnesium Alloy industry.

This Insight Report provides a comprehensive analysis of the global Aerospace Grade Magnesium Alloy landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Aerospace Grade Magnesium Alloy portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Aerospace Grade Magnesium Alloy market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aerospace Grade Magnesium Alloy and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Aerospace Grade Magnesium Alloy.

This report presents a comprehensive overview, market shares, and growth opportunities of Aerospace Grade Magnesium Alloy market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
JDM1 Magnesium Alloys
JDM2 Magnesium Alloys

Segmentation by application
Commercial
Military

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Aerospace Grade Magnesium Alloy market?

What factors are driving Aerospace Grade Magnesium Alloy market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Aerospace Grade Magnesium Alloy market opportunities vary by end market size?

How does Aerospace Grade Magnesium Alloy break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.