Global Aluminum-Magnesium Alloys Rod Market Growth 2023-2029

Global Aluminum-Magnesium Alloys Rod Market Growth 2023-2029

Aluminum is the main element of aluminum-magnesium alloy, and then added a small amount of magnesium or other metal materials to strengthen its hardness. The alloys of this system (Mg < 10%) refer to the of non-thermally hardened. The hardening is achieved by means of cold plastical deformation. The properties of these alloys are achieved by Mg content increase in the supersaturated solid solution. Main representatives of this series of alloys are: 5052, 5182, 5754, 5083.

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

This Insight Report provides a comprehensive analysis of the global Aluminum-Magnesium Alloys Rod 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 Aluminum-Magnesium Alloys Rod portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Aluminum-Magnesium Alloys Rod market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aluminum-Magnesium Alloys Rod 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 Aluminum-Magnesium Alloys Rod.

The global Aluminum-Magnesium Alloys Rod market size is projected to grow from US$ 5021.4 million in 2022 to US$ 6536.2 million in 2029; it is expected to grow at a CAGR of 6536.2 from 2023 to 2029.

Global Aluminum-Magnesium Alloys key players include Alcoa, Chalco, Yinhai Aluminum, Yunnan Aluminum, China Hongqiao, etc. Global top five manufacturers hold a share about 35%. Asia-Pacific is the largest market, with a share about 50%, followed by Europe and North America, both with a share about 20 percent. In terms of product, Rod is the largest segment, with a share about 60%. And in terms of application, the largest application is Automobile Industry, followed by Machinery and Equipment, Electronics Industry, Rail Transit, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Aluminum-Magnesium Alloys Rod market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Low Magnesium Alloy
High Magnesium Alloy

Segmentation by application
Automobile Industry
Electronics Industry
Rail Transit
Machinery and Equipment
Others

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.
Alcoa
Chalco
Yinhai Aluminum
Yunnan Aluminum
China Hongqiao
Rusal
Rio Tinto
Nanshan Light Alloy
Ahresty
Wanji
Handtmann
Kumz

Key Questions Addressed in this Report

What is the 10-year outlook for the global Aluminum-Magnesium Alloys Rod market?

What factors are driving Aluminum-Magnesium Alloys Rod market growth, globally and by region?

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

How do Aluminum-Magnesium Alloys Rod market opportunities vary by end market size?

How does Aluminum-Magnesium Alloys Rod 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.