Magnesium Alloys Market Report 2023-2033

Magnesium Alloys Market Report 2023-2033



The Magnesium Alloys Market Report 2023-2033: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.

The Increasing Demand for Lightweight Materials in Various Industries

The magnesium alloys market is a growing market, driven by the increasing demand for lightweight materials in various industries such as aerospace, automotive, and electronics. Magnesium alloys have several advantages over other materials, including high strength-to-weight ratio, good corrosion resistance, and excellent machinability, making them an attractive option for manufacturers looking to improve the performance and efficiency of their products. The market is expected to continue to grow in the coming years, driven by increasing investments in the automotive and aerospace industries, the growing trend towards sustainability and reducing carbon emissions, and the increasing adoption of magnesium alloys in emerging markets.

What Questions Should You Ask before Buying a Market Research Report?
  • How is the magnesium alloys market evolving?
  • What is driving and restraining the magnesium alloys market?
  • How will each magnesium alloys submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?
  • How will the market shares for each magnesium alloys submarket develop from 2023 to 2033?
  • What will be the main driver for the overall market from 2023 to 2033?
  • Will leading magnesium alloys markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
  • How will the market shares of the national markets change by 2033 and which geographical region will lead the market in 2033?
  • Who are the leading players and what are their prospects over the forecast period?
  • What are the magnesium alloys projects for these leading companies?
  • How will the industry evolve during the period between 2023 and 2033? What are the implications of magnesium alloys projects taking place now and over the next 10 years?
  • Is there a greater need for product commercialisation to further scale the magnesium alloys market?
  • Where is the magnesium alloys market heading and how can you ensure you are at the forefront of the market?
  • What are the best investment options for new product and service lines?
  • What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the magnesium alloys market today, and over the next 10 years:
  • Our 356-page report provides 161 tables and 218 charts/graphs exclusively to you.
  • The report highlights key lucrative areas in the industry so you can target them – NOW.
  • It contains in-depth analysis of global, regional and national sales and growth.
  • It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the magnesium alloys market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.

Forecasts to 2033 and other analyses reveal commercial prospects
  • In addition to revenue forecasting to 2033, our new study provides you with recent results, growth rates, and market shares.
  • You will find original analyses, with business outlooks and developments.
  • Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising magnesium alloys prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, “V”, “L”, “W” and “U” are discussed in this report.

Segments Covered in the Report

Market Segment by Estimation
  • Market Value (US$ Million)
  • Market Volume (Kiloton)
Market Segment by Category
  • Wrought Magnesium Alloys
  • Cast Magnesium Alloys
Market Segment by Processing Method
  • Solid State Processing
  • Vapour Processing
  • Liquid Processing
Market Segment by End-Use
  • Alloying with Aluminium
  • As a Structural Metal
  • Iron and Steel Processing
  • Electrochemical Use
Market Segment by Application
  • Aerospace and Defence
  • Automotive Industry
  • Consumer Goods
  • Medical Industry
  • Other Application
Market Segment by Type
  • AZ31
  • AZ91
  • ZK60
  • Elektron 21
  • WE43
  • Other Type
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets:

North America
  • U.S.
  • Canada
Europe
  • Germany
  • Russia
  • United Kingdom
  • France
  • Ukraine
  • Rest of Europe
Asia Pacific
  • China
  • Japan
  • Malaysia
  • Australia
  • South Korea
  • Rest of Asia Pacific
Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa
The report also includes profiles and for some of the leading companies in the Magnesium Alloys Market, 2023 to 2033, with a focus on this segment of these companies’ operations.

Leading companies and the potential for market growth
  • Advanced Magnesium Alloys Corporation (AMACOR)
  • Dead Sea Magnesium
  • Dynacast International
  • Ka Shui International Holdings Ltd
  • Magnesium Elektron
  • Magontec
  • Meridian Lightweight Technologies Inc.
  • Nanjing Yunhai Special Metals Co., Ltd.
  • POSCO
  • Shanghai Regal Magnesium Limited Company
  • Shanxi Credit Magnesium Co., Ltd
  • Shanxi Yinguang Huasheng Magnesium Co., Ltd.
  • Smiths Advanced Metals
  • Spartan Light Metal Products
  • U.S. Magnesium LLC
Overall world revenue for Magnesium Alloys Market, 2023 to 2033 in terms of value the market will surpass US$1,622.2 million in 2023, our work calculates. We predict strong revenue growth through to 2033. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.

How will the Magnesium Alloys Market, 2023 to 2033 report help you?

In summary, our 350+ page report provides you with the following knowledge:
  • Revenue forecasts to 2033 for Magnesium Alloys Market, 2023 to 2033 Market, with forecasts for type, category, processing method, end-use, and application, each forecast at a global and regional level – discover the industry’s prospects, finding the most lucrative places for investments and revenues.
  • Revenue forecasts to 2033 for four regional and 20 key national markets – See forecasts for the Magnesium Alloys Market, 2023 to 2033 market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Canada, Brazil, Germany, France, UK, Russia, Ukraine, China, Malaysia, Japan, and Australia among other prominent economies.
  • Prospects for established firms and those seeking to enter the market – including company profiles for 15 of the major companies involved in the Magnesium Alloys Market, 2023 to 2033.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.

Information found nowhere else

With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Our study is for everybody needing commercial analyses for the magnesium alloys market, 2023 to 2033, market-leading companies. You will find data, trends and predictions.

Please Note: Prior to initiating fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher..

The publisher is using a password system to access single user and team licenses. Single user (non-printable) and team licenses expire after 12 month period. In the case of team license purchases, the publisher requires all email addresses for the licensed users prior to fulfilment.


1 Report Overview
1.1 Objectives of the Study
1.2 Introduction to Magnesium Alloys Market
1.3 What This Report Delivers
1.4 Why You Should Read This Report
1.5 Key Questions Answered by This Analytical Report
1.6 Who is This Report for?
1.7 Research Methodology
1.7.1 Market Definitions
1.7.2 Market Evaluation & Forecasting Methodology
1.7.3 Data Validation
1.7.3.1 Primary Research
1.7.3.2 Secondary Research
1.8 Frequently Asked Questions (FAQs)
1.9 Associated Reports
1.10 About
2 Executive Summary
2.1 Segment Analysis
2.1.1 Category Segment: Market Attractiveness Index
2.1.2 Processing Method Segment: Market Attractiveness Index
2.1.3 End-Use Segment: Market Attractiveness Index
2.1.4 Application Segment: Market Attractiveness Index
2.1.5 Type Segment: Market Attractiveness Index
2.2 Regional Analysis
3 Market Overview
3.1 Key Findings
3.2 Market Dynamics
3.2.1 Market Driving Factors
3.2.1.1 Increasing Demand for Lightweight Materials in the Manufacturing Industry
3.2.1.2 Advancements in Manufacturing Technologies Such as 3D Printing and Casting Methods
3.2.1.3 Development of New Alloys with Enhanced Properties
3.2.2 Market Restraining Factors
3.2.2.1 High Cost of Production and Processing of Magnesium Alloys
3.2.2.2 Intense Competition from Substitutes Such as Aluminium Alloys and Composites
3.2.2.3 Limited Availability of Magnesium Resources and Extraction Challenges
3.2.3 Market Opportunities
3.2.3.1 Development of New Applications for Magnesium Alloys
3.2.3.2 Increasing Investment in Research and Development of Magnesium Alloys
3.2.3.3 Growing Demand for Lightweight Materials
3.3 COVID-19 Impact Analysis
3.3.1 V-Shaped Recovery
3.3.2 W-Shaped Recovery
3.3.3 U-Shaped Recovery
3.3.4 L-Shaped Recovery
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Competitive Rivalry
3.4.4 Threat from Substitutes
3.4.5 Threat of New Entrants
3.5 PEST Analysis
3.5.1 Political Factors
3.5.2 Economic Factors
3.5.3 Social Factors
3.5.4 Technological Factors
4 Magnesium Alloys Market Analysis by Category
4.1 Key Findings
4.2 Category Segment: Market Attractiveness Index
4.3 Magnesium Alloys Market Size Estimation and Forecast by Category
4.4 Wrought Magnesium Alloys Marker
4.4.1 Market Size by Region, 2023-2033 (US$ Mn)
4.4.2 Market Share by Region, 2023 & 2033 (%)
4.5 Cast Magnesium Alloys Market
4.5.1 Market Size by Region, 2023-2033 (US$ Mn)
4.5.2 Market Share by Region, 2023 & 2033 (%)
5 Magnesium Alloys Market Analysis by Processing Method
5.1 Key Findings
5.2 Processing Method Segment: Market Attractiveness Index
5.3 Magnesium Alloys Market Size Estimation and Forecast by Processing Method
5.4 Solid State Processing Market
5.4.1 Market Size by Region, 2023-2033 (US$ Mn)
5.4.2 Market Share by Region, 2023 & 2033 (%)
5.5 Vapour Processing Market
5.5.1 Market Size by Region, 2023-2033 (US$ Mn)
5.5.2 Market Share by Region, 2023 & 2033 (%)
5.6 Liquid Processing Market
5.6.1 Market Size by Region, 2023-2033 (US$ Mn)
5.6.2 Market Share by Region, 2023 & 2033 (%)
6 Magnesium Alloys Market Analysis by End-Use
6.1 Key Findings
6.2 End-Use Segment: Market Attractiveness Index
6.3 Magnesium Alloys Market Size Estimation and Forecast by End-Use
6.4 Alloying with Aluminium Market
6.4.1 Market Size by Region, 2023-2033 (US$ Mn)
6.4.2 Market Share by Region, 2023 & 2033 (%)
6.5 As a Structural Metal Market
6.5.1 Market Size by Region, 2023-2033 (US$ Mn)
6.5.2 Market Share by Region, 2023 & 2033 (%)
6.6 Iron and Steel Processing Market
6.6.1 Market Size by Region, 2023-2033 (US$ Mn)
6.6.2 Market Share by Region, 2023 & 2033 (%)
6.7 Electrochemical Use Market
6.7.1 Market Size by Region, 2023-2033 (US$ Mn)
6.7.2 Market Share by Region, 2023 & 2033 (%)
7 Magnesium Alloys Market Analysis by Application
7.1 Key Findings
7.2 Application Segment: Market Attractiveness Index
7.3 Magnesium Alloys Market Size Estimation and Forecast by Application
7.4 Aerospace and Defence Market
7.4.1 Market Size by Region, 2023-2033 (US$ Mn)
7.4.2 Market Share by Region, 2023 & 2033 (%)
7.5 Automotive Industry Market
7.5.1 Market Size by Region, 2023-2033 (US$ Mn)
7.5.2 Market Share by Region, 2023 & 2033 (%)
7.6 Consumer Goods Market
7.6.1 Market Size by Region, 2023-2033 (US$ Mn)
7.6.2 Market Share by Region, 2023 & 2033 (%)
7.7 Medical Industry Market
7.7.1 Market Size by Region, 2023-2033 (US$ Mn)
7.7.2 Market Share by Region, 2023 & 2033 (%)
7.8 Other Application Market
7.8.1 Market Size by Region, 2023-2033 (US$ Mn)
7.8.2 Market Share by Region, 2023 & 2033 (%)
8 Magnesium Alloys Market Analysis by Type
8.1 Key Findings
8.2 Type Segment: Market Attractiveness Index
8.3 Magnesium Alloys Market Size Estimation and Forecast by Type
8.4 AZ31 Market
8.4.1 Market Size by Region, 2023-2033 (US$ Mn)
8.4.2 Market Share by Region, 2023 & 2033 (%)
8.5 AZ91 Market
8.5.1 Market Size by Region, 2023-2033 (US$ Mn)
8.5.2 Market Share by Region, 2023 & 2033 (%)
8.6 ZK60 Market
8.6.1 Market Size by Region, 2023-2033 (US$ Mn)
8.6.2 Market Share by Region, 2023 & 2033 (%)
8.7 Elektron 21 Market
8.7.1 Market Size by Region, 2023-2033 (US$ Mn)
8.7.2 Market Share by Region, 2023 & 2033 (%)
8.8 WE43 Market
8.8.1 Market Size by Region, 2023-2033 (US$ Mn)
8.8.2 Market Share by Region, 2023 & 2033 (%)
8.9 Other Type Market
8.9.1 Market Size by Region, 2023-2033 (US$ Mn)
8.9.2 Market Share by Region, 2023 & 2033 (%)
9 Magnesium Alloys Market Analysis by Region
9.1 Key Findings
9.2 Global Magnesium Alloys Market Forecast
9.3 Global Magnesium Alloys Market by Region
9.4 Global Magnesium Alloys Market by Category
9.5 Global Magnesium Alloys Market
9.6 Processing Method
9.7 Global Magnesium Alloys Market by End-Use
9.8 Global Magnesium Alloys Market by Application
9.9 Global Magnesium Alloys Market by Type
10 North America Magnesium Alloys Market Analysis
10.1 Key Findings
10.2 North America Magnesium Alloys Market Attractiveness Index
10.3 North America Magnesium Alloys Market Size Estimation and Forecast by Value
10.4 North America Magnesium Alloys Market Size Estimation and Forecast by Country
10.5 North America Magnesium Alloys Market Size Estimation and Forecast by Category
10.6 North America Magnesium Alloys Market Size Estimation and Forecast by Processing Method
10.7 North America Magnesium Alloys Market Size Estimation and Forecast by End-Use
10.8 North America Magnesium Alloys Market Size Estimation and Forecast by Application
10.9 North America Magnesium Alloys Market Size Estimation and Forecast by Type
10.10 U.S. Magnesium Alloys Market Analysis
10.11 Canada Magnesium Alloys Market Analysis
11 Europe Magnesium Alloys Market Analysis
11.1 Key Findings
11.2 Europe Magnesium Alloys Market Attractiveness Index
11.3 Europe Magnesium Alloys Market Size Estimation and Forecast by Value
11.4 Europe Magnesium Alloys Market Size Estimation and Forecast by Country
11.5 Europe Magnesium Alloys Market Size Estimation and Forecast by Category
11.6 Europe Magnesium Alloys Market Size Estimation and Forecast by Processing Method
11.7 Europe Magnesium Alloys Market Size Estimation and Forecast by End-Use
11.8 Europe Magnesium Alloys Market Size Estimation and Forecast by Application
11.9 Europe Magnesium Alloys Market Size Estimation and Forecast by Type
11.10 Germany Magnesium Alloys Market Analysis
11.11 UK Magnesium Alloys Market Analysis
11.12 France Magnesium Alloys Market Analysis
11.13 Ukraine Magnesium Alloys Market Analysis
11.14 Russia Magnesium Alloys Market Analysis
11.15 Rest of Europe Magnesium Alloys Market Analysis
12 Asia Pacific Magnesium Alloys Market Analysis
12.1 Key Findings
12.2 Asia Pacific Magnesium Alloys Market Attractiveness Index
12.3 Asia Pacific Magnesium Alloys Market Size Estimation and Forecast by Value
12.4 Asia Pacific Magnesium Alloys Market Size Estimation and Forecast by Country
12.5 Asia Pacific Magnesium Alloys Market Size Estimation and Forecast by Category
12.6 Asia Pacific Magnesium Alloys Market Size Estimation and Forecast by Processing Method
12.7 Asia Pacific Magnesium Alloys Market Size Estimation and Forecast by End-Use
12.8 Asia Pacific Magnesium Alloys Market Size Estimation and Forecast by Application
12.9 Asia Pacific Magnesium Alloys Market Size Estimation and Forecast by Type
12.10 China Magnesium Alloys Market Analysis
12.11 Malaysia Magnesium Alloys Market Analysis
12.12 Japan Magnesium Alloys Market Analysis
12.13 South Korea Magnesium Alloys Market Analysis
12.14 Australia Magnesium Alloys Market Analysis
12.15 Rest of Asia Pacific Magnesium Alloys Market Analysis
13 Middle East & Africa Magnesium Alloys Market Analysis
13.1 Key Findings
13.2 Middle East & Africa Magnesium Alloys Market Attractiveness Index
13.3 Middle East & Africa Magnesium Alloys Market Size Estimation and Forecast by Value
13.4 Middle East & Africa Magnesium Alloys Market Size Estimation and Forecast by Country
13.5 Middle East & Africa Magnesium Alloys Market Size Estimation and Forecast by Category
13.6 Middle East & Africa Magnesium Alloys Market Size Estimation and Forecast by Processing Method
13.7 Middle East & Africa Magnesium Alloys Market Size Estimation and Forecast by End-Use
13.8 Middle East & Africa Magnesium Alloys Market Size Estimation and Forecast by Application
13.9 Middle East & Africa Magnesium Alloys Market Size Estimation and Forecast by Type
13.10 GCC Magnesium Alloys Market Analysis
13.11 South Africa Magnesium Alloys Market Analysis
13.12 Rest of Middle East & Africa Magnesium Alloys Market Analysis
14 Latin America Magnesium Alloys Market Analysis
14.1 Key Findings
14.2 Latin America Magnesium Alloys Market Attractiveness Index
14.3 Latin America Magnesium Alloys Market Size Estimation and Forecast by Value
14.4 Latin America Magnesium Alloys Market Size Estimation and Forecast by Country
14.5 Latin America Magnesium Alloys Market Size Estimation and Forecast by Category
14.6 Latin America Magnesium Alloys Market Size Estimation and Forecast by Processing Method
14.7 Latin America Magnesium Alloys Market Size Estimation and Forecast by End-Use
14.8 Latin America Magnesium Alloys Market Size Estimation and Forecast by Application
14.9 Latin America Magnesium Alloys Market Size Estimation and Forecast by Type
14.10 Brazil Magnesium Alloys Market Analysis
14.11 Mexico Magnesium Alloys Market Analysis
14.12 Rest of Latin America Magnesium Alloys Market Analysis
15 Company Profiles
15.1 Competitive Landscape, 2022
15.2 Magnesium Elektron
15.2.1 Company Snapshot
15.2.2 Company Overview
15.2.3 Financial Analysis
15.2.3.1 Net Revenue, 2018-2022
15.2.3.2 R&D, 2018-2022
15.2.3.3 Regional Revenue Shares, 2022 (%)
15.2.3.4 Business Segment Revenue Shares, 2022 (%)
15.2.4 Product Benchmarking
15.3 Ka Shui International Holdings Ltd
15.3.1 Company Snapshot
15.3.2 Company Overview
15.3.3 Financial Analysis
15.3.3.1 Net Revenue, 2017-2021
15.3.3.2 Regional Revenue Shares, 2021 (%)
15.3.3.3 Business Segment Revenue Shares, 2021 (%)
15.3.4 Product Benchmarking
15.3.5 Strategic Outlook
15.4 Magontec
15.4.1 Company Snapshot
15.4.2 Company Overview
15.4.3 Financial Analysis
15.4.3.1 Net Revenue, 2018-2022
15.4.3.2 R&D, 2018-2022
15.4.3.3 Business Segment Revenue Shares, 2022 (%)
15.4.4 Product Benchmarking
15.5 U.S. Magnesium LLC
15.5.1 Company Snapshot
15.5.2 Company Overview
15.5.3 Product Benchmarking
15.6 Nanjing Yunhai Special Metals Co., Ltd.
15.6.1 Company Snapshot
15.6.2 Company Overview
15.6.3 Product Benchmarking
15.7 Meridian Lightweight Technologies Inc.
15.7.1 Company Snapshot
15.7.2 Company Overview
15.7.3 Product Benchmarking
15.7.4 Strategic Outlook
15.8 Advanced Magnesium Alloys Corporation (AMACOR)
15.8.1 Company Snapshot
15.8.2 Company Overview
15.8.3 Product Benchmarking
15.9 Shanghai Regal Magnesium Limited Company
15.9.1 Company Snapshot
15.9.2 Company Overview
15.9.3 Product Benchmarking
15.10 Shanxi Yinguang Huasheng Magnesium Co., Ltd.
15.10.1 Company Snapshot
15.10.2 Company Overview
15.10.3 Product Benchmarking
15.11 Shanxi Credit Magnesium Co., Ltd
15.11.1 Company Snapshot
15.11.2 Company Overview
15.11.3 Product Benchmarking
15.12 Dynacast International
15.12.1 Company Snapshot
15.12.2 Company Overview
15.12.3 Product Benchmarking
15.12.4 Strategic Outlook
15.13 POSCO
15.13.1 Company Snapshot
15.13.2 Company Overview
15.13.3 Financial Analysis
15.13.3.1 Net Revenue, 2018-2022
15.13.3.2 R&D, 2018-2022
15.13.3.3 Regional Revenue Shares, 2021 (%)
15.13.3.4 Business Segment Revenue Shares, 2021 (%)
15.13.4 Product Benchmarking
15.13.5 Strategic Outlook
15.14 Dead Sea Magnesium
15.14.1 Company Snapshot
15.14.2 Company Overview
15.14.3 Product Benchmarking
15.15 Smiths Advanced Metals
15.15.1 Company Snapshot
15.15.2 Company Overview
15.15.3 Product Benchmarking
15.16 Spartan Light Metal Products
15.16.1 Company Snapshot
15.16.2 Company Overview
15.16.3 Product Benchmarking
15.16.4 Strategic Outlook
16 Conclusion and Recommendations
16.1 Concluding Remarks from
16.2 Recommendations for Market Players

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings